Garrett Jin shorted ZEC worth $360 million

According to Cointelegraph, the Coinbase premium indicator fell to -0.0983%, the lowest point in May, reflecting increased selling pressure from institutions. CryptoQuant analyst Darkfost pointed out that institutional and professional investors on Coinbase Advanced have sold more than Binance investors. Since May 14th, the US spot Bitcoin ETF has experienced four consecutive days of net outflows, totaling $1.3 billion. Meanwhile, open contracts for Bitcoin futures and perpetual contracts decreased by approximately $1.5 billion this week.

Evaded made a profit of $7.5 million in less than 4 days by going long with 36900 ZEC ($242 million) and 287600 HYPE ($209 million). Today, he opened a 25 fold leveraged multiple of 18100 ETH ($386 million). （Lookonchain）

According to a research report by Goldman Sachs, Alibaba SW (09988.HK) maintains a "buy" rating with a target price of HKD 180. The company's AI and cloud business layout is leading, and it is expected that earnings per share will increase by 32% and 54% respectively in the fiscal year 2027/2028, benefiting from the acceleration of cloud business and the narrowing of losses. The research report believes that its valuation has not fully reflected the potential of AI.

According to Japanese Finance Minister Takayuki Katayama, the size of Japan's supplementary budget may be around 19 billion US dollars. She downplayed the impact of this expenditure on government finances and stated that some bond issuance plans were cancelled last year, which will reduce the demand for issuing new bonds to supplement the budget. Katayama mentioned that Prime Minister Hayao Takashi will announce more details on Monday, and Japan is currently reviewing the income and expenditure situation of the previous fiscal year to prepare for the June final accounts. She stated that she will address risks through communication with the market.

Garrett Jin placed a limit order to short $360 million worth of ZEC and increase his holdings in HYPE. （Lookonchain）