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BlockBeats News, June 24th, Hyperliquid officially announced that the gradual delisting of USDH is imminent, advising users to immediately convert USDH to USDC. With an exchange becoming the official USDC Treasury Deployer for Hyperliquid, the platform will transition to using USDC as the primary stablecoin and collateral, and USDH will be gradually phased out. USDH is currently available for normal trading and remains fully backed. During the transition period, users can freely convert USDH to USDC or fiat through Native Markets' USDH Dashboard. The platform will also coordinate with relevant HIP Deployers to complete the migration and ensure a secure and smooth transition of user assets.

Golden Ten Data reported on June 24, citing the Financial Times, that Nissan shareholders have rejected the reappointment of senior independent director Motoo Nagai, who played a key role in pushing for a Nissan-Honda merger. Nissan stated on Tuesday that Motoo Nagai did not receive the required majority of over 50% of votes for reappointment. According to sources, Renault, which holds 15% of Nissan’s voting rights, abstained from voting on both Motoo Nagai and another candidate, Junichi Shinbo, due to their connections to Nissan’s largest creditor, Mizuho Bank. Motoo Nagai was a major supporter of the brief merger talks between Nissan and Honda at the end of 2024. The two parties originally planned to create a Japanese carmaker of a scale comparable to Toyota, aiming to better compete in the market. The deal was initially presented as an “equal merger,” but collapsed in less than three months as Honda sought greater control and aimed to make Nissan its subsidiary. Afterwards, Honda itself fell into its biggest crisis in history. Due to strategic misjudgments in electric vehicles, the company posted its first annual loss since its listing in the 1950s. Proxy advisory firms Institutional Shareholder Services and Glass Lewis had previously recommended that shareholders oppose Motoo Nagai’s reappointment, citing concerns over his independence.

On June 24, BIT Official released a daily chart analysis stating that during the sideways movement of Bitcoin, individual stocks in the mining sector have shown an unusual strength against the trend. The divergence in market performance is attributed to a structural transformation in the industry: many Bitcoin mining companies are transitioning to AI data center hosting businesses, holding long-term power purchase agreements, and the value of these stable power resources is continuously increasing for large model enterprises. Although these companies still retain a significant amount of Bitcoin-related assets, investors are beginning to evaluate some mining companies based on the valuation logic of AI infrastructure, focusing on their power generation capacity, data center assets, and customer cooperation orders. This does not mean that Bitcoin is no longer the core anchor asset in the cryptocurrency market cycle. On the contrary, it indicates that during the sideways phase of Bitcoin's price, market funds are extending their attention to the energy, computing power, and data center infrastructure sectors behind Bitcoin mining.