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1. The probability of Bitcoin dropping to $55,000 in June increased to 41% on Polymarket, while the probability of rising to $65,000 is 57%.
2. A whale affiliated with BIT faces over $84 million in liquidation losses on a highly leveraged 120,000 ETH long position as ETH fell below $1600.
3. ZEC briefly surged over 48% but has since fallen back after BitMEX co-founder Arthur Hayes, who previously announced long positions, confirmed exiting and turning bearish.
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1. Zcash (ZEC) plummeted over 30% following the discovery of a critical inflation vulnerability in its Orchard protocol.
2. China's economy shows signs of stress with the central bank withdrawing its largest cash amount in three months, the semiconductor index dropping over 3%, and the Yuan weakening.
3. Forward Industries faces nearly $1.13 billion in unrealized losses on its SOL holdings and recently deposited 455,784 SOL into Coinbase Prime.
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