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U.S. President Donald Trump announced on June 1 that Israel and Hezbollah have agreed to cease their mutual attacks. Trump stated that the U.S. will not send any troops to Beirut and has recalled all forces that were en route. He added that Washington had a good conversation with Hezbollah through a high-level representative, leading to an agreement to halt all firing. Under the terms, Israel will not attack Hezbollah, and Hezbollah will not attack Israel, the president said.

Asset management firm Strive (Nasdaq: ASST), which strategically accumulates Bitcoin, plans to expand its at-the-market (ATM) stock offering program by a total of $4.2 billion to fund additional BTC purchases, Wu Blockchain reported. The plan involves increasing the limits for its ASST and SATA shares by $2.1 billion each. The SATA stock operates on a model similar to MicroStrategy's (MSTR) STRC preferred shares, issuing new stock to purchase BTC whenever its price exceeds the $100 par value. Strive currently holds 16,500 BTC, valued at approximately $1.27 billion.

Iran's Foreign Ministry has stated that the United States bears direct responsibility for violating the ceasefire agreement with Iran. The ministry further asserted that the U.S. must also be held accountable for Israel's ceasefire violations in Lebanon.

Market experts are divided over the implications of a recent sale of 32 BTC by Strategy (MSTR), the largest publicly traded holder of Bitcoin, CoinDesk reported. Strategy previously announced it had sold the Bitcoin between May 26 and 31 at an average price of $77,135, securing approximately $2.5 million. The company stated the funds would be used to pay dividends on its preferred stock, STRC. The sale accounts for about 0.004% of its total holdings of 843,700 BTC. Lance Vitanza of TD Cowen commented that the sale is insignificant relative to the company's total assets and does not signal a change in its long-term Bitcoin accumulation strategy. Mark Palmer, an analyst at Benchmark, echoed this view, stating that Strategy is unlikely to use BTC sales as a primary means to fund dividends and will likely continue to raise capital through stock issuance. In contrast, Mark Connors, Chief Investment Officer at Risk Dimensions, analyzed that the sale demonstrates Strategy may prioritize the stability of its capital structure over its previous stance of never selling Bitcoin.

U.S. President Donald Trump said in an interview with NBC News that the U.S. will continue to maintain its blockade of the Strait of Hormuz.

Major exchanges have seen $111 million worth of futures liquidated in the past hour. In the past 24 hours, $629 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $71,000. BTC is trading at $70,998.52 on the Binance USDT market.

Telegram founder Pavel Durov has announced that the platform's TON coin will be rebranded as GRAM, according to the cryptocurrency news account Zoomer.

Whale Alert reported that 235,039,084 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $235 million.

Iranian state television has reported that the ceasefire agreement between Iran and the United States is highly likely to collapse if attacks on Lebanon do not cease.

Ethereum (ETH) founder Vitalik Buterin has proposed a new DeFi structure that utilizes options instead of Collateralized Debt Positions (CDPs) and forced liquidations. Writing on the Ethereum Research forum, Buterin suggested that DeFi's foundation could be built on options rather than the prevailing CDP and liquidation mechanisms. He explained that while the current model triggers mass liquidations during sharp price swings, an option-based structure would allow the difference between target and actual exposure to widen more gradually. Buterin also noted that using delayed oracles, similar to those in prediction markets, could reduce dependency on real-time oracles and mitigate risks from price manipulation or malfunctions. He added that he would personally feel more secure holding an algorithmic stablecoin built on such a framework than one reliant on real-time oracles.

Crypto analyst Benjamin Cowen said on X that while there are many interpretations for the current Bitcoin (BTC) decline, BTC has historically tended to show weakness leading into June in U.S. midterm election years. He argued that although the four-year cycle theory is often criticized and ridiculed, it has demonstrated greater explanatory power than any other theory proposed so far.

DeFi protocol Radiant Capital (RDNT) announced through its official channels that it is beginning the process of ceasing operations. Radiant stated that after 18 months of recovery efforts following a hacking incident in October 2024, it had failed to recover the funds or attract new capital. "The conditions to operate the protocol responsibly no longer exist," the team said. As a result, the protocol will transition into a maintenance mode. Its front-end will remain operational, and its smart contracts will be maintained on-chain, allowing users to continue withdrawing deposits, repaying loans, and managing their positions. The recovery portal for victims will also stay active, with any future recovered assets to be returned to affected users. Radiant Capital suffered a $53 million exploit in October 2024. According to CoinMarketCap, RDNT is currently trading at $0.001465, down 3.65%.

Taiwanese singer Jeffrey Huang, who recently incurred significant losses on ETH futures, is once again facing a potential forced liquidation, according to data from Hyperscan. He is currently holding a 25x leveraged long position of 2,200 ETH, valued at $4.33 million. His entry price is $2,009, with a liquidation price of $1,946. To date, Huang has reportedly lost approximately $35 million from his ETH futures investments.

Binance has announced the listing of perpetual futures contracts for Samsung Electronics, SK Hynix, and Hyundai Motor. Trading is scheduled to begin at the following times on June 2: - SK Hynix (SKHYNIX/USDT): 3:00 a.m. UTC - Samsung Electronics (SAMSUNG/USDT): 3:10 a.m. UTC - Hyundai Motor (HYUNDAI/USDT): 3:20 a.m. UTC The new products will allow users to take long or short positions on the price movements of the underlying stocks without holding the actual shares. The contracts will support up to 20x leverage.

Ethereum Layer 2 network Celo has appointed Dr. Markus Franke as its Global Head of Stablecoins, the project announced on its official Medium. Franke will oversee the expansion of Celo's on-chain economy, along with partnerships, new stablecoin issuance, and institutional adoption strategies. He was previously a senior economist at cLabs, an early developer of Celo, and was involved in establishing the project's initial vision before the mainnet launch. He later co-founded and served as CEO of Mento Labs, where he led the development of more than 10 local currency-based stablecoins, including BRLm, which is pegged to the Brazilian real.

SpaceX's financial performance could be affected by Bitcoin's price volatility, according to a report from Fortune. The company has disclosed that it holds 18,712 BTC, a figure significantly higher than the previous estimate of 8,300 BTC. SpaceX is believed to be using BTC as a strategic reserve asset and a hedge against inflation, and it has not sold any of its holdings since the end of 2024. Fortune noted that if SpaceX were to go public, it would be required to make quarterly disclosures related to its BTC holdings, which are valued at over $1.4 billion. This could introduce volatility into its quarterly earnings unrelated to its core business of rocket launches and satellite performance. The report also pointed out that a successful public listing would make SpaceX the seventh-largest publicly traded company by BTC holdings. If it were to merge with Tesla (TSLA), it would become the fifth largest.

Nasdaq-listed mining company Bitdeer has announced the launch of the "SEALMINER DL1 Hydro," a liquid-cooled miner designed for Scrypt-based cryptocurrencies such as Litecoin (LTC) and Dogecoin (DOGE). The machine offers a hashrate of 52.5 GH/s and a power efficiency of 149 J/GH, with a power consumption of 7,823W. Bitdeer stated that it plans to meet the demand for high-efficiency Scrypt mining with the new device.

Major exchanges have seen $113 million worth of futures liquidated in the past hour. In the past 24 hours, $513 million worth of futures have been liquidated.

House of Doge, the corporate foundation for Dogecoin (DOGE), has partnered with blockchain infrastructure company Paxos to support the cryptocurrency on its platform, The Block reported. Paxos provides crypto trading and custody functions for major global fintech platforms such as PayPal, Venmo, Interactive Brokers, and Mercado Libre.

Coinbase has released a post-mortem report on a major service outage that occurred on May 7, which suspended key services like trading, deposits, withdrawals, and order processing for approximately eight hours. The company explained that a cooling system failure at an Amazon Web Services (AWS) data center took some servers offline. This prevented its core matching engine from securing enough servers to operate, halting all trades. Recovery was further delayed by a failure in the AWS Managed Kafka (MSK) service, which processes trade data and order information, leading to issues with price quotes, fee calculations, and ledger processing. Coinbase acknowledged that its systems should have been designed to withstand a single data center failure but were not sufficiently prepared. The exchange announced plans to improve its infrastructure by implementing matching engine redundancy and enhancing its data processing systems.

The three major U.S. stock indices opened lower today. - S&P 500: -0.21% - Nasdaq: -0.17% - Dow Jones: -0.35%

According to Lookonchain, a new anonymous address starting with 0x6436 withdrew 126,739 HYPE, worth $9.33 million, from Bybit, OKX, Kraken, and Gate.io approximately 30 minutes ago. Withdrawals from exchanges are typically interpreted as an intention to hold the asset.

The hacker who stole $293 million from KelpDAO has laundered nearly all of the funds, with the exception of a portion frozen on Arbitrum (ARB), Cointelegraph reported. Approximately $220 million was moved through the crypto mixer Tornado Cash, making recovery of these funds unlikely. The remaining $71 million, which was frozen on Arbitrum, has since been transferred to an Aave (AAVE) multisig wallet and is awaiting a court decision.

According to Iran's Tasnim News Agency, Iran and the Axis of Resistance have decided to fully blockade the Strait of Hormuz. The report added that other fronts, including the Bab el-Mandeb Strait, could also be activated as part of the response.