In the past hour, total liquidations across the network reached $13.11 million, with $11.45 million from long positions, with $1.66 million from short positions. BTC liquidation $3.09 million, ETH liquidation $234,331.1.

According to a research report released by HSBC, the global commodities market is currently experiencing a "super squeeze" driven by supply disruptions. The report states that if the Strait of Hormuz remains effectively closed for an extended period, global commodity inventories will be depleted rapidly, and some commodities may be nearing price turning points. The report points out that the Middle East conflict has impacted aluminum smelting capacity, pushing aluminum prices to a four-year high; copper prices are mainly supported by recovering end-user demand, approaching $14,000 per ton. HSBC also mentions that crude oil, liquefied natural gas, agricultural products, and industrial metals supplies are all facing tightening pressure.

On June 2nd, driven by alternating gains in AI and energy sectors, US stocks saw all three major indices reach new closing highs. Nvidia's announcement of its RTX Spark PC super chip directly spurred a surge in its stock price. According to Gate.com data, Nvidia (NVDAXUSDT) is currently trading at $226.34, up 4.92% in the last 24 hours; Micron (MUUSDT) is currently trading at $1034.02, up 2.75%. According to Coinglass data, Gate.com's NVDAX trading volume reached $7.9221 million in the last 24 hours, a 153.12% increase; Gate.com's MU trading volume reached $14.0185 million in the last 24 hours, a 179.45% increase, both ranking among the top in the market. Gate.com allows users to trade over 10,000 major US stock and ETF stocks using USDT, covering major US securities exchanges and liquidity networks such as the NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS. It also supports fractional share trading starting from as low as 0.01 shares, providing users with a more comprehensive selection of global securities assets. With the official launch of its stock trading service, Gate.com further connects digital assets with traditional financial markets on a unified trading platform.

According to Onchain Lens monitoring, a whale closed its long position in HYPE, making a profit of $2.28 million. It then opened a 5x short position in HYPE worth $13.6 million. The whale also sold 40,000 HYPE tokens for $2.85 million, still holding 150,000 HYPE tokens, with a position value of approximately $10.75 million, resulting in a spot profit of $6.4 million.

According to Odaily Planet Daily, Hyperliquid's RWA open interest reached a record high of $3 billion.