In the past hour, total liquidations across the network reached $10.35 million, with $8.16 million from long positions, with $2.19 million from short positions. BTC liquidation $3.09 million, ETH liquidation $2.89 million.

According to Odaily Planet Daily, citing Israel Today, Israeli defense officials believe that Monday's clashes could escalate into a full-blown war between Israel and Iran, with "several days of conflict." (Jin Shi)

Huoxun Finance reported on June 7th that the Supreme People's Procuratorate disclosed a new type of cryptocurrency theft case. Zhang, a man from Shandong, had been assisting an acquaintance, Feng, with cryptocurrency transactions for a long time. After gaining Feng's trust, he suggested that Feng switch to a more convenient digital wallet. The mnemonic phrase for this type of wallet is the core password for storing cryptocurrency, generated by the system randomly selecting 12 combinations from 2048 commonly used English words. While Feng was copying the mnemonic phrase, Zhang memorized 11 complete words and the first letter of the last word using his eyes and memory. That night, he repeatedly tested the combinations using fragmented memory to crack the wallet, transferring 107 Bitcoins and illegally profiting 660,000 yuan by selling them. The court ultimately sentenced him to ten years and nine months in prison for theft and fined him 100,000 yuan.

Odaily Planet Daily reports that the Korea Exchange activated the circuit breaker mechanism for the KOSDAQ (Korea Science International's Investors Service), suspending trading for 20 minutes after the index fell by 8%. (Jinshi)

According to Odaily Seer, a channel monitoring the market, a "smart money" account (address: 0x59c49a09e5335430833b96d96af9e581b0a9b517) with a win rate exceeding 71% in Polymarket's prediction event "When will the US and Iran formally reach a permanent peace agreement?", purchased $200,000, betting that the US and Iran would formally reach a permanent peace agreement before 11:59 PM ET on June 7, 2026, with an average opening price of 91.4¢. The US and Iran continue indirect negotiations mediated by Pakistan and Oman. Discussions cover key issues including restrictions on Iran's nuclear program and ballistic missile program, the resumption of commercial traffic in the Strait of Hormuz, the lifting of sanctions, and the disposal of highly enriched uranium. Reports indicate that the two sides reached a preliminary consensus in late May on a 60-day memorandum framework for extending the ceasefire and initiating further negotiations. However, US President Trump has instructed the negotiating team not to rush into an agreement, while Iran has stated that significant progress has been made in the negotiations, but a comprehensive agreement is still far off. The two sides have been exchanging proposals recently, while changes in the regional situation have added uncertainty to the negotiations, and the timeline for reaching a permanent solution remains unclear. Odaily Seer continues to monitor the prediction market, seeing changes before pricing them in.