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BlockBeats News, June 3rd, according to on-chain analytics firm lookonchain, Whales and Institutions are still accumulating HYPE: Over the past 7 hours, Galaxy Digital withdrew 179,000 HYPE tokens from an exchange, worth approximately $12.62 million. In addition, the new address 0x6436 withdrew another 135,824 HYPE tokens 8 hours ago, worth around $9.73 million, bringing its total HYPE withdrawals in the past two days to 399,730 tokens, with a total value of approximately $28.92 million.

BlockBeats News, June 3rd, according to Alternative data, today's cryptocurrency Fear and Greed Index is 11 (yesterday was 23), and the "extreme fear" sentiment has intensified rapidly during Bitcoin's price drop. Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

BlockBeats News, June 3rd, Wall Street investment bank Stifel raised its rating on Marvell Technology (MRVL) in its latest research report. Analyst Tore Svanberg significantly increased the target price from $230 to $321, maintaining a Buy rating. The analyst stated that Marvell CEO Matt Murphy's keynote speech "The Future of AI Depends on Connectivity" at COMPUTEX 2026 "essentially aligns with previously disclosed information," but this high-profile event has significantly enhanced market recognition of Marvell's position in the data center and AI ecosystem. The analyst emphasized Marvell's leading layout in AI data center optical interconnect, silicon photonics, custom silicon (XPU), and switches (such as the 102.4 Tbps Teralynx T100), which are exactly the "biggest bottleneck after computing power in the GPU scale-up era." The deep collaboration with NVIDIA on NVLink Fusion (NVIDIA previously made a strategic investment of $2 billion) has further amplified Marvell's long-term growth story as a strong validation.