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Korea Investment & Securities, South Korean crypto exchange Coinone, global exchange OKX, and Com2uS Holdings have launched a strategic partnership to build a digital asset ecosystem, Maeil Business Newspaper reported. The four companies held a vision declaration ceremony today, announcing a joint declaration of their goal to lead a next-generation, blockchain-based financial model. Korea Investment & Securities, OKX, and Com2uS Holdings are all shareholders in Coinone.

Major exchanges have seen $242 million worth of futures liquidated in the past hour. In the past 24 hours, $1,160 million worth of futures have been liquidated.

Cryptocurrency asset manager Abraxas Capital deposited 1,469 BTC ($98.45 million) to Kraken and subsequently withdrew 22.71 million USDC, EmberCN reported. The firm's BTC holdings have decreased by approximately 2,469 BTC ($166 million) over the past 24 hours.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,884.19 on the Binance USDT market.

A deposit of 116.3 BTC, worth $8.25 million, has been made to the Bitstamp exchange, according to EmberCN. The funds were originally transferred from a Mt. Gox cold wallet to a hot wallet on June 2.

The total cryptocurrency market capitalization has fallen by approximately $270 billion (412 trillion won) since the beginning of June. According to data from CoinMarketCap, the total market cap stood at $2.49 trillion on June 1 but has since dropped to its current level of $2.22 trillion.

According to on-chain data, a Hyperliquid whale known as pension-usdt.eth has closed its entire Bitcoin short position, realizing a profit of $3.56 million. The address subsequently opened a new 3x leveraged short position on 50,000 ETH, valued at approximately $89 million. The unrealized profit on this ETH short position is now estimated to be over $4.5 million. Onchain Lens reported that the address's cumulative profit has now surpassed $39.6 million.

CoinMarketCap's Altcoin Season Index registered a score of 57, unchanged from the previous day. The index measures market sentiment by comparing the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, against Bitcoin over the last 90 days. An 'altcoin season' is declared when 75% of these top coins outperform Bitcoin during that period, while the opposite scenario is termed a 'Bitcoin season.' A score closer to 100 indicates a stronger trend toward an altcoin season.

Major exchanges have seen $111 million worth of futures liquidated in the past hour. In the past 24 hours, $1,012 million worth of futures have been liquidated.

Federal Reserve Vice Chair for Supervision Michelle Bowman has stated that stock tokens should be subject to the same regulations as traditional assets and that a supervisory framework for stablecoins should be established based on the GENIUS Act, Crypto Briefing reported. Speaking at a House Financial Services Committee hearing, she added that the nature of stock tokens is no different from their underlying assets and that the Fed is designing its own supervisory framework for stablecoin issuers.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,995.99 on the Binance USDT market.

tea Protocol, a layer-2 network for open-source software, announced the official launch of its mainnet and native token, TEA, at 0:00 a.m. UTC on June 4. The TEA token was simultaneously listed on platforms including Aerodrome, MEXC, Gate.io, and KuCoin. Aerodrome, a major liquidity hub in the Base ecosystem, had previously initiated a liquidity pool vote for TEA. Holders of veAERO can vote to determine the reward distribution for the pool, supporting the formation of an on-chain liquidity market for TEA. In the future, users will also be able to access TEA liquidity through wallets such as Coinbase Wallet, Binance Wallet, OKX Wallet, and Trust Wallet. Additionally, KuCoin is holding trading and staking reward promotions to commemorate the listing. Tim Lewis, co-founder of tea Protocol, said that as AI accelerates software development, the demand for transparent, reliable, and sustainable open-source infrastructure is rapidly increasing across the software ecosystem. He added that "tea is building a new value network for this future."

An anonymous address (beginning with 0xad3D) on the prediction market Polymarket is facing a loss of around $300,000 (459 million won) from failed bets on the Seoul mayoral election. The address bet approximately 232,604 shares against the election of Oh Se-hoon of the People Power Party, resulting in a loss of about $200,000. It also bet 120,176 shares on the victory of Chung Won-oh of the Democratic Party, leading to an additional loss of around $100,000. According to multiple South Korean media outlets, Chung was initially favored to win, but Oh took the lead around 10:00 p.m. UTC on June 3. With over 97% of the votes counted, Oh is currently ahead of Chung by more than 20,000 votes.

The following is an analysis of the order book for the BTC/USDT spot trading pair using the Spot Cumulative Volume Delta (CVD) chart. The top section displays a volume heatmap, while the bottom shows the CVD. - The volume heatmap at the top tracks the scale of trading volume at specific price levels. The background color brightens when the price lingers in a certain range or makes a significant move. These brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders for a specific size increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large-scale orders between $1 million and $10 million.

President Donald Trump has told his aides he will not resume an all-out war against Iran unless American troops are killed, The Wall Street Journal reported.

The Crypto Fear & Greed Index from data provider CoinMarketCap has dropped two points from yesterday to 23, continuing its Fear reading. The index indicates extreme market fear as it approaches 0 and extreme optimism as it nears 100. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as put-call ratios, the Stablecoin Supply Ratio (SSR), and the company's own search data.

U.S. Senator Cynthia Lummis, a prominent pro-cryptocurrency lawmaker, stated that the CLARITY Act could potentially clear the full Senate by the July 4 recess, though she believes a vote before the Aug. 10 recess is a more realistic timeline. She made the comments in an interview with Crypto in America. Lummis noted that the Senate has a crowded agenda, explaining that the bill needs to be bundled with legislation from the Banking and Agriculture Committees, as well as some amendments to the GENIUS Act. "Negotiations are currently underway regarding ethics provisions for cryptocurrency use by public officials," she added. "Finalizing these details and packaging them into a single bill that can secure over 60 votes may delay its arrival on the Senate floor." The CLARITY Act has already passed the Senate Banking Committee's markup stage. Following a full Senate vote, it would still need to be reconciled with the House and signed by the president to become law.

Bitmine, a company focused on an Ethereum-based treasury strategy, plans to raise up to $300 million by issuing preferred stock that offers a 9.5% annual dividend, according to a filing with the U.S. Securities and Exchange Commission (SEC). The company intends to issue three million shares of perpetual preferred stock at a par value of $100 each, with dividends slated to be paid weekly in cash, pending board approval. The shares are expected to be listed on the New York Stock Exchange (NYSE) under the ticker 'BMNP'. The move mirrors a strategy used by MicroStrategy (MSTR) to fund its Bitcoin acquisitions with preferred stock, a tactic Bitmine is now applying to its Ethereum treasury. Bitmine currently holds over 5.3 million ETH and is reportedly facing an unrealized loss of approximately $9 billion amid the decline in ETH's price.

A voluntary disclosure program for cryptocurrency holders by the Israel Tax Authority (ITA) has yielded results far below initial expectations, local media outlet Globes reported. The Israeli government had anticipated securing up to $1 billion in tax revenue through the program, which was introduced in August 2025. However, the value of crypto assets declared so far amounts to only about $50 million. The program exempts individuals from criminal prosecution if they voluntarily declare unreported crypto assets or income and pay the corresponding taxes. To date, only 58 taxpayers have amended their filings under the initiative. Industry observers have pointed out that the lack of an anonymous reporting process is hindering participation, suggesting the program's effectiveness has not met expectations.

Cryptocurrency trading and payment infrastructure provider Paybis has announced that approximately 98% of the stablecoin remittances processed on its platform between January and April of this year originated from corporate customers. This marks a significant increase from 36% in 2023. Paybis noted that stablecoins are rapidly gaining traction as a method for business-to-business (B2B) international remittances and settlements. The digital goods, virtual asset, technology, e-commerce, and fintech sectors were particularly active, accounting for over 78% of all corporate stablecoin activity. Additionally, a survey revealed that 22.5% of respondent companies are either already using stablecoins for international payments or plan to adopt them within the next 12 months.

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned multiple Iranian cryptocurrency exchanges, including the country's largest, Nobitex. According to CryptoPotato, other sanctioned entities include Wallex, Bitpin, and Ramzinex. U.S. authorities stated that the exchanges helped users evade sanctions, facilitated Iran-related financial activities, and processed transactions linked to Iran's Islamic Revolutionary Guard Corps (IRGC).

Major exchanges have seen $160 million worth of futures liquidated in the past hour. In the past 24 hours, $1,122 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,792.6 on the Binance USDT market.

Major exchanges have seen $113 million worth of futures liquidated in the past hour. In the past 24 hours, $979 million worth of futures have been liquidated.

Matt Hougan, CIO of Bitwise, said the cryptocurrency market is no longer the "Belle of the Ball." According to CryptoPotato, he explained that with prices under downward pressure and momentum weakening, crypto is struggling to generate investor enthusiasm, particularly given the dominance of the artificial intelligence (AI) market. Hougan argued that crypto has evolved from a momentum investment based on temporary excitement to a contrarian play requiring patience, a long-term perspective, and a focus on fundamentals. He clarified that this does not mean crypto itself is disappearing, but rather that the types of investors and projects are changing. As the market shifts away from momentum-driven trading, the importance of fundamentals is growing. Hougan suggested this could be a sign that the market is closer to the end of its winter than the beginning, but cautioned that the next few weeks could be painful.