Live Feed

U.S. Secretary of State Marco Rubio said on June 2 that negotiations with Iran are still underway, but the timing for a potential agreement remains uncertain. He made the remarks during a hearing of the Senate Foreign Relations Committee, his first congressional testimony since the U.S. and Israel launched a major military operation against Iran in late February. In response to questions from lawmakers, Rubio explained that Iran has agreed to negotiate on parts of its nuclear program, a shift from its previous refusal to engage in dialogue. While an agreement could be reached today, tomorrow, or next week, he added there is no guarantee that a final deal requiring congressional ratification will be reached. Rubio also stressed that the U.S. has not offered to lift sanctions or allow the use of frozen assets in exchange for the reopening of the Strait of Hormuz. Any sanctions relief must be conditional on resolving the issues with Iran's nuclear program, which was the reason for the sanctions, he said.

U.S. President Donald Trump said talks with Iran are ongoing, Walter Bloomberg reported.

Tether Wallet, the wallet division of Tether, issuer of the world's largest stablecoin USDT, announced on its official X account that it now supports the Tron (TRX) network. As a result, the wallet will integrate and support Tron-based USDT.

An Ethereum (ETH) research team, including Thomas Coratger and Justin Drake, has proposed a key registry design as the first step in transitioning the network to be quantum-resistant, The Defiant reported. The proposal addresses the risk that quantum computers could break the encryption of existing BLS-based keys. The team's solution is to introduce a 'PQ key registry,' which would allow validators to register new, quantum-resistant keys while continuing to use their current ones. This approach is conceptually similar to validators being issued a new, more secure form of identification to be held in reserve until needed. The second phase of the transition would occur once a majority of validators have registered their new keys, at which point the network would switch to using them for signature verification.

Coinbase Ventures, the venture capital arm of the largest U.S. cryptocurrency exchange Coinbase, announced via its official X account that it has purchased Ethena (ENA) on the open market. The specific size of the purchase was not disclosed. Coinbase Ventures added that Ethena is a key player in on-chain finance and that it has high expectations for a closer partnership with Coinbase and USDC.

The sale of Bitcoin by MicroStrategy (MSTR), the largest publicly traded holder of the asset, is a completely separate issue from potential sales by other listed companies, Decrypt reported. Luke Nolan, a senior researcher at CoinShares, stated that while it is significant that the largest and most well-known company sold BTC, it does not pressure other digital asset treasury (DAT) companies to follow suit. Bitwise analyst Kamran Khorasbi added that whether other DATs sell their BTC holdings has little to do with MicroStrategy and depends on their individual financial situations. He noted that MicroStrategy's sale does not signify the end of corporate crypto treasuries.

Major exchanges have seen $175 million worth of futures liquidated in the past hour. In the past 24 hours, $1,226 million worth of futures have been liquidated.

Only 7% of cryptocurrency operators in Europe have so far obtained licenses that comply with the European Union's Markets in Crypto-Assets (MiCA) regulation, BeInCrypto reported. As of 2024, there are 2,747 registered Virtual Asset Service Providers (VASPs) across the EU, but only 210 of them have secured a MiCA-compliant license. The current MiCA law requires firms to obtain a Crypto-Asset Service Provider (CASP) license by July 1. After this deadline, unlicensed companies must cease operations. Meanwhile, the European Commission recently launched a formal review of the MiCA legislation.

Decentralized derivatives exchange EdgeX announced on its official X account that it is offering an on-chain bounty of 200,000 USDC for information that can identify the attacker responsible for a 71% crash in its native EDGE token yesterday. The exchange stated the incident was a deliberate and targeted attack, explaining that the perpetrator combined on-chain DEX liquidity during a period of low trading activity, high-leverage perpetual futures, and CEX liquidity to induce the flash crash. Meanwhile, allegations of insider dumping have surfaced in Telegram and X communities, with users pointing to evidence of EDGE tokens being transferred from an official team address to an exchange.

Cryptocurrency market analytics firm Kaiko has acquired Amberdata, a company specializing in crypto financial infrastructure. In an official blog post, Amberdata stated that the acquisition, which follows Kaiko's earlier purchase of on-chain data infrastructure provider Cometh, will further solidify Kaiko's position in the digital asset data solutions sector.

U.S. stock and crypto trading app Robinhood announced on its official X account that it will unveil a new crypto financial product at approximately 6:00 p.m. UTC on July 1. The company stated that the launch event, to be held in London, will mark the beginning of borderless markets and present its latest vision for the future of finance. Robinhood added that its new products aim to merge cryptocurrency with traditional finance and help reshape the global financial services landscape.

According to CoinNess market data, Ethereum (ETH) has fallen below the $1,900 mark. On Binance, the cryptocurrency is currently trading at $1,897.2, down 4.04%.

Major exchanges have seen $254 million worth of futures liquidated in the past hour. In the past 24 hours, $1,111 million worth of futures have been liquidated.

Institutional investors are shifting funds from Bitcoin (BTC) and Ethereum (ETH) to Hyperliquid (HYPE), according to Joshua Lim, head of markets at crypto prime brokerage FalconX. In an interview with CoinDesk, Lim explained that Hyperliquid's HYPE token and its platform are establishing themselves as a key liquidity hub for hedge funds and institutions. This shift comes as BTC and ETH show weakness amid macroeconomic uncertainty and spot ETF outflows, prompting speculative capital to move into HYPE, ZEC, and AI-themed tokens, he noted. Lim added that on some days, HYPE's trading volume has even surpassed that of ETH.

On-chain analysis firm Bubblemaps has urged centralized exchanges (CEXs) to intervene against apparent price manipulation involving the LAB token. On its official X account, Bubblemaps described LAB as the latest in a series of manipulated tokens that includes RAVE, SKYAI, and PIPPIN. The firm criticized CEXs for remaining silent even when clear manipulation patterns are observed. Citing on-chain analyst ZachXBT, Bubblemaps noted that insiders allegedly control over 95% of LAB's supply. According to the firm, several wallets also moved 1.5% of the supply, valued at approximately $300 million, to Aster immediately before a price surge. Bubblemaps outlined several typical patterns of such tokens: - Inflows and outflows of tokens worth millions of dollars on CEXs - Abnormal on-chain movements preceding price fluctuations - Supply concentration in a small number of new wallets

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $617.67 million liquidated (96.24% longs) - ETH: $142.90 million liquidated (85.56% longs) - SOL: $37.46 million liquidated (94.87% longs) The total liquidation volume across the entire crypto perpetual futures market is approximately $1.02 billion.

The Coinbase Bitcoin Premium Index, which measures the price difference between Bitcoin on the largest U.S. crypto exchange and the global average, has dropped sharply, according to data from Coinglass. As of 3:00 p.m. UTC on June 2, the index registered -0.2116%. This indicates that Bitcoin is trading approximately 0.2116% cheaper on Coinbase than the global average, suggesting a weakening of demand in the United States.

An anonymous whale active on the decentralized finance (DeFi) platform ShapeShift purchased an additional 2,078 ETH, worth $4.04 million, via Cow Protocol a short time ago, Onchain Lens reported. The whale now holds a total of 144,675 ETH, valued at $280.83 million. According to an analysis by Onchain Lens, the investor is likely to continue accumulating ETH.

Helium Mobile, a hybrid mobile carrier that uses a token incentive model built on the Helium (HNT) and Solana (SOL) ecosystems, has been acquired by Noble Mobile. Noble Mobile was founded by former U.S. presidential and New York mayoral candidate Andrew Yang and focuses on making telecommunications services more accessible. Specific details of the acquisition have not been disclosed. Following the merger, the two companies plan to strengthen their competitiveness by offering low-cost mobile plans.

Whale Alert reported that 3,191 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $217 million.

A U.S. court has lifted a freeze on $12.5 million in cUSDC that was locked in a smart contract belonging to Zama, a privacy blockchain protocol based on Fully Homomorphic Encryption (FHE), Cointelegraph reported. The funds were unfrozen after three days. In response to the incident, Zama announced it will significantly accelerate its regulatory compliance roadmap. The situation originated last weekend from a legal dispute over a stake in Overnight Finance, a project entirely unrelated to Zama. On May 11, one of the parties in that lawsuit deposited $12.5 million into Zama's cUSDC wrapper contract, an amount that constituted over 99% of the total assets in the pool at the time. The plaintiff in the case obtained a temporary restraining order (TRO) against Circle to prevent asset movement, leading Circle to freeze Zama's entire smart contract in compliance with the court order. Although Zama was not a defendant in the lawsuit, its entire asset pool was impacted.

Major exchanges have seen $326 million worth of futures liquidated in the past hour. In the past 24 hours, $934 million worth of futures have been liquidated.

Major exchanges have seen $223 million worth of futures liquidated in the past hour. In the past 24 hours, $833 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,979.66 on the Binance USDT market.

Bitcoin has fallen below 100 million won on South Korean exchange Upbit for the first time in three months.