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The Open Interest (OI) of $SOL is trending downward, while the Net Position Delta is trending upward.
Currently, the rise is not due to buying long positions, but rather the liquidation and closing of short positions caused by the rise.
The current rally is driven by upward pressure in the spot market, not the futures market.
An explosive rally will begin when both the OI and Net Position Delta in the futures market increase simultaneously.

Gate.io News: According to Solanafloor on X, Solana has added more than $540 million in RWA value over the past 7 days, bringing its total RWA value to $3.62 billion, setting a new all-time high.

CoinWorld news: Coin Bureau reports that Bitcoin (BTC) has officially lost more than half of its value in the past 8 months, and is now down 53%, with its market cap eroded by over $1.33 trillion.

Coin World News: The NASDAQ 100 index plunged 1,000 points in 27 minutes, and the S&P 500 erased $1 trillion in market cap, turning from a 1% gain to a 3% loss after the opening. U.S. PCE inflation rose to 4.1%, and Apple announced price increases of up to 25% for Mac and iPad due to soaring AI chip costs. Apple’s stock fell nearly 6%, wiping out about $220 billion in market cap. The Kobeissi Letter believes that the widespread use of high-leverage ETFs, uncertainty around AI, and massive crypto liquidations caused by large-scale forced closures are the main reasons for the heightened volatility, and expects market volatility to persist.

CryptoWorld News reports that, according to Whale Alert monitoring, an unknown wallet has just transferred 1,310 BTC to the Coinbase institution; based on the real-time price, it is approximately $80.68 million.

CryptoWorld News reports that at the Force Original Power Conference on June 23, Volcano Engine President Tan announced that as of June, the daily token usage of the Doubao large model has exceeded 180 trillion, a 1,500-fold increase compared to its launch two years ago, with no signs of slowing down.

CryptoWorld News reports that, according to Whale Alert monitoring, 101,665,000 USDT (approximately $101.54 million) has been transferred to Tether Treasury.

CoinWorld News, according to the pro main force large order list, the total trading data of BTC and ETH main force in the past 24 hours is as follows: BTC has a total transaction of $533 million, of which $215 million is buy transactions and $318 million is sell transactions, with a trading difference of -$103 million. ETH has a total transaction of $366 million, with $155 million buy transactions and $211 million sell transactions, with a trading difference of -$56.46 million. The latest data shows that the main force still has positions at key price levels: BTC net order difference is $523 million, ETH net order difference is $174 million. Main force orders may withdraw or execute at any time; the data is for reference only and does not constitute any investment advice.

CryptoWorld News reports that Thorchain has officially launched its v3.19 version, with Monero (XMR) becoming the first supported asset. This decentralized cross-chain DEX has been suspended since May 15 due to an attack worth $10.7 million, and has now initiated a restart plan, with mainnet adoption expected in the first week of June. The current RUNE price is between $0.38 and $0.41, which is a sharp drop from pre-attack levels; it has fallen 35% over the past 30 days. Thorchain’s total market value is approximately $133 million, ranking 222nd. The platform is entering the final stage of the restart: validators are voting today to isolate the compromised vaults, a key security milestone for Thorchain’s full network recovery.

Blockaid issued a community alert stating that the stablecoin Magic Internet Money (MIM) experienced a de-pegging event on the Arbitrum network, with prices in executable trade paths dropping to the $0.91 to $0.92 range. Blockaid indicated that this deviation was mainly caused by insufficient liquidity pool depth and liquidity imbalance on Arbitrum.

Wu said that Solana Treasury Company Forward Industries announced that on June 1st, it submitted an indicative, non-binding all-stock acquisition proposal to Brera Holdings PLC (SLMT), proposing to acquire all issued and to-be-issued shares of SLMT.
According to the proposal, SLMT shareholders would receive 1.54 shares of Forward's newly issued common stock per share, equivalent to $7.19 per share, representing a premium of approximately 30.7% over the volume-weighted average closing price of SLMT over the 10 trading days prior to June 1st.
The SLMT board of directors rejected the proposal on June 6th, stating that it was not in the best interests of the company.

CoinWorld News, MU short position increased by 1,837.26 ZEC, approximately $1,457,723.05, with a holding size reaching $11,542,568.42. The average price rose from $694.08 to $730.22. Currently, the short position has a profit and loss of -$2,532,939.70 (-42.04%), with the current price at $935.51 and the liquidation price at $1,356.01. This address shorted ZEC starting at $184, once floating a loss of $21 million, then turned profitable, recently becoming the largest long position in the S&P 500, with a scale exceeding $70 million.

CryptoWorld News: Circle's cirBTC is now live on Ethereum, bringing 1:1 BTC-backed collateral to the institutional DeFi market.

CryptoWorld News reports that the global stablecoin payment infrastructure platform wasabicard has announced the completion of its pre-A round financing, raising nearly $10 million in total. The round was participated in by Vision Plus Capital and 01VC. Previously, wasabicard had already received funding in its seed round led by Vernal Capital, with follow-on participation from Avenir Group. The new funds will be used for expanding the payment infrastructure, stablecoin card and payout capabilities, expanding enterprise customers, and compliance and product research and development, while also advancing ai agent payments and programmable global payment workflows.

CryptoWorld News reports, citing NPR, that the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) are investigating former U.S. Representative George Santos’s trading activities on the prediction market platform Kalshi. Santos publicly said this February that he would attend an event before then-President Trump’s State of the Union address, but insiders say he was also betting on Kalshi that he would not attend, and he profited tens of thousands of dollars after ultimately skipping the event. The report says that after Kalshi discovered the relevant trades, it froze his account and referred the case to the DOJ and CFTC. Santos said he was unaware of the investigation and did not confirm whether he has a Kalshi account. As of now, neither of the two regulators has made any public comment.