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02:10
BP appoints independent director to lead search for new chairman
Glonhui, June 2 | BP has appointed Senior Independent Director Amanda Blanc to lead the search for its next chairman. BP's interim chairman, Ian Tyler, stated in a release: “As with previous selection processes, this will be a rigorous process involving the entire board, and the final decision will reflect our collective opinion.” Last week, the board dismissed former chairman Albert Manifold due to serious concerns regarding his governance standards, oversight responsibilities, and conduct.
02:07
Korean data: Chinese cars surpass Japanese cars in the South Korean market for the first time
Data shows that in April, out of the newly registered imported cars in South Korea, European-made vehicles ranked first with 16,800 units, followed by American-made, Chinese-made, and Japanese-made cars. According to Yonhap News Agency, this is the first time that Chinese-made cars have surpassed Japanese-made ones in South Korea's imported car market. Korean media generally view this ranking as an important signal of a shift in the structure of the country's imported car market. The Korea Economic Daily reported that Chinese car brands are rapidly increasing their presence in the South Korean market.
02:07
HYPE Rally Forces Largest Bear to Retreat: Loracle Liquidates Over $90 Million Short, Still Pursuing Exit Strategy
BlockBeats News, June 2, according to Hyperinsight monitoring, the largest HYPE short seller "Trader Loracle" has been continuously reducing positions and cutting losses since HYPE surged over $70. From yesterday to today, the total reduction has exceeded $90 million. The scale of his 5x leveraged short position has decreased from $102 million to $9.2 million, with current losses still at $3.4 million (-74%). As of the time of writing, he is still placing buy orders. If the liquidation is completed, the loss may exceed $30 million. During the weekend, Loracle transferred his on-chain 893,000 HYPE tokens to Hyperliquid. With the price increase, the value of this spot position has appreciated from $54.5 million to $65 million and is currently held on the spot side without being sold. Over the past month, this whale has unlocked a total of 2 times, releasing a total of 1.115 million HYPE tokens (worth around $63.51 million). In a transparent on-chain record, on May 21 (the day HYPE hit a new all-time high), he sold 557,000 HYPE tokens, worth around $33.35 million. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
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