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Golden Ten Data reported on June 2 that, following a milestone trial, Andrew Left, founder of Citron Research and one of the world's most renowned short sellers, was found guilty of securities fraud by a US federal jury. The trial focused on his use of social media to manipulate stock prices. The verdict was delivered on Monday in Los Angeles after a three-week trial and two full days of jury deliberations behind closed doors. Left was accused of illegally influencing the stock prices of dozens of companies through “explosive” tweets to profit from those price movements. Prosecutors indicated that from 2018 to 2023, he gained about 20 million dollars from such trades. For the US Department of Justice, this verdict represents a victory in a white-collar crime case initiated during President Donald Trump’s administration, even though the investigation actually began under President Biden. During Trump’s tenure, many similar prosecution cases were dropped, and he even exercised his pardon power for some convicted defendants.

BlockBeats news, on June 2, Grayscale has submitted an amended S-1 registration statement for the Grayscale Hyperliquid Staking ETF to the U.S. Securities and Exchange Commission (SEC), proposing to set the fund management fee at 0.29%, with the stock ticker HYPG. This rate is lower than that of similar products launched by a certain exchange. For example, the BHYP Hyperliquid ETF on one exchange charges a 0% fee in the first month, then 0.34% thereafter; another exchange's THYP fee is 0.30%.Bloomberg ETF analyst James Seyffart stated that Grayscale's Hyperliquid ETF may be launching soon and expects the fund to go live this week. The report mentioned that if successfully launched, this will be the third Hyperliquid ETF by Grayscale. As of last month, related HYPE ETFs have had a total net inflow of over 132 million U.S. dollars.

On June 2, according to market data, the EDGE token on the edgeX platform experienced a 'flash crash,' dropping over 77% to $0.315, but has since rebounded to $0.751, with the 24-hour decline now reduced to 41.13%. Additionally, data from Coinglass shows that EDGE faced liquidations totaling $5.2152 million in the past four hours, including $4.0962 million in long positions and $1.119 million in short positions.