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Ontology (ONT), a decentralized identity and data infrastructure network, announced on June 1 a strategic shift for its core product, ONTO Wallet. Based on its accumulated Decentralized Identity (DID) technology and user-centric data management capabilities, the wallet is set to evolve into an infrastructure that provides verifiable data to AI foundation models, AI agents, and applications. Additionally, users will be able to perform AI data-related tasks through ONTO Wallet and earn cryptocurrency rewards. Data provided by users will be supplied to AI companies to help improve and optimize their models and services.

XRP has fallen to its lowest level in 15 weeks as strong selling pressure has outweighed the impact of over 25 million XRP being withdrawn from exchanges, CoinDesk reported. The price of XRP recently fell from $1.3384 to $1.3208, hitting an intraday low of $1.314 before a slight rebound to around $1.32. The decline was reportedly triggered when the $1.3320 support level was breached amid a trading volume of 55.03 million. The report noted that every rebound attempt has been met with sell-offs, preventing accumulation signals from impacting the price. Despite spot XRP ETFs recording cumulative inflows of approximately $1.42 billion, this was insufficient to halt the downward trend. In the short term, $1.31 serves as a support level. A break below this could see the price test $1.28 and then $1.20. Conversely, a move above $1.34 could trigger a cascade of liquidations for large short positions accumulated in the $1.34 to $1.40 range, potentially leading to a sharp rally.

BitMEX co-founder Arthur Hayes has proposed a $100,000 bet to Multicoin Capital co-founder Kyle Samani on the year-end performance of HYPE. Hayes wagered that HYPE would deliver a higher U.S. dollar return by the end of the year than any other asset among the top 10 cryptocurrencies by market capitalization. In response, Samani accepted the bet, choosing to back SOL.

Losses from cryptocurrency hacks and exploits totaled approximately $68.3 million in May, Web3 security firm CertiK reported. The figure represents a roughly 90% decrease from the $650 million lost in April. Phishing attacks accounted for approximately $2.6 million of the total, while around $9.4 million was recovered or returned.

The Spot CVD chart analyzes the order book for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, and the lower section displays the cumulative volume delta (CVD). - The volume heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly, with these brighter areas indicating potential support or resistance. - The cumulative volume delta (CVD) indicator at the bottom shows buy and sell orders categorized by trade size. As buy orders for a specific size increase, the corresponding colored line rises. The yellow line, for instance, tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.14% long, 49.86% short - Binance: 48.88% long, 51.12% short - OKX: 49.26% long, 50.74% short - Bybit: 47.43% long, 52.57% short

Onchain Lens reported that HYPE ETF issuer Bitwise purchased 112,158 HYPE, worth $8.18 million, through FalconX about an hour ago.

South Korean crypto exchange Bithumb announced it has delayed the listing of Solstice (SLX) for KRW trading by one hour. The exchange had originally scheduled the listing for 8:00 a.m. UTC today.

U.S. Senator Cynthia Lummis stated on X that the Clarity Act is more than just a cryptocurrency bill, arguing it will determine whether the United States leads the next-generation financial system or is left on the sidelines.

Upbit announced it has postponed the listing of Solstice (SLX) for a second time, rescheduling it for 6:00 a.m. UTC today. The listing was previously delayed from an initial time of 5:00 a.m. UTC to 5:30 a.m. UTC.

Cryptocurrency analyst Benjamin Cowen expects Bitcoin to soon drop to the $70,000 level before staging a slight rebound. Writing on X, he noted that BTC's recent random movements make predictions difficult. However, Cowen added that after this rebound concludes, the asset is likely to retest its lows from February of this year.

Upbit has announced that it will temporarily suspend deposits and withdrawals for IoTeX (IOTX) and the IoTeX network at 9:00 a.m. UTC on June 7 to support an upcoming hard fork.

South Korean crypto exchange Upbit has announced it is delaying the listing of Solstice (SLX) by 30 minutes to 5:30 a.m. UTC today. The token was originally scheduled to go live at 5:00 a.m. UTC. Fellow South Korean exchange Bithumb also postponed its SLX listing by 30 minutes, from 8:00 a.m. UTC to 8:30 a.m. UTC.

Multicoin Capital co-founder Kyle Samani said that Web3 is over, with only DeFi (decentralized finance) and DePIN (decentralized physical infrastructure) remaining. His comments follow a statement from Starknet co-founder Eli Ben-Sasson, who said the crypto industry is currently facing an identity crisis. Ben-Sasson pointed out that while longtime industry OGs are leaving, institutional investors and traditional finance (TradFi) are beginning to show interest in crypto—the very trend the industry initially resisted.

While the KOSPI index has surged recently, boosting stock market trading volume, activity in the South Korean crypto market has dwindled to just 2% of the stock index's level, Maeil Business Newspaper reported. On May 29, the KOSPI's daily trading volume reached 118.267 trillion won, whereas the combined 24-hour trading volume of the country's five largest digital asset exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—amounted to only 2.713 trillion won. This marks a sharp reversal from the market sentiment observed just a year ago.

The reporting period for South Koreans to declare overseas financial accounts held in 2025 begins today, Etoday reported. Individuals are required to report in June if the total balance of their overseas accounts exceeded 500 million won (approximately $362,000) on the last day of any month during the previous year. The declaration is based on the account balance itself, not on any capital gains from trading virtual assets.

Memecoin trading platform BullX announced that it has suspended trading functions on the current version of its app, effective 12:00 a.m. UTC on June 1. The company stated this measure is in preparation for its next version. Withdrawal and wallet functions will remain available.

Bitcoin could hit a short-term bottom in June before rebounding, according to an analysis by BIT (formerly Matrixport). The firm noted that while BTC's average June return over the past 10 years is just +0.7% and summer months are typically marked by range-bound trading and corrections, this year may not follow the seasonal pattern. BIT pointed out that May, usually a strong month for Bitcoin, saw below-average gains this year. At the same time, several potential catalysts are on the horizon, including crypto perpetual futures approved by U.S. regulators and the upcoming launch of Nasdaq CME crypto index futures. While seasonal pressures persist, BIT's technical analysis suggests BTC may be approaching a short-term low. The firm concluded that if these new catalysts attract buying pressure, a rebound is quite possible.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $26.91 million liquidated (75.44% longs) - ETH: $32.55 million liquidated (67.72% longs) - HYPE: $20.78 million liquidated (90.13% shorts)

Nasdaq-listed Bitcoin mining company Cango (CANG) announced a preliminary net loss of $261.1 million for the first quarter of 2026. The company mined 1,266 BTC during the period. Cango explained that the loss reflects non-cash impairment charges on its mining equipment and fluctuations in the value of its Bitcoin holdings amid a drop in the price of BTC. Total revenue for the same period was $102 million, with the Bitcoin mining business accounting for $98.4 million, or 96% of the total.

In response to reports that a Polymarket user lost over $2 million in a hack, Josh Stevens, the company's Vice President of Engineering, stated on X that Polymarket is collaborating with the victim and relevant exchanges to freeze the stolen funds. He clarified that the victim was deceived by a fake webpage created by a hacker, where they entered a one-time password (OTP) for their Magic Link wallet, a simple wallet accessed via email links. The hacker then used this to withdraw the funds. Stevens urged users to be extremely cautious when accessing non-Polymarket domains and added that the company is internally considering the introduction of additional security features, such as multi-factor authentication (MFA), to enhance account protection.

South Korean crypto exchange Bithumb announced it will list Solstice (SLX) for trading against the won at 8:00 a.m. UTC today.

European Central Bank (ECB) Executive Board member Isabel Schnabel said on June 1 that the bank can no longer ignore the inflationary impact of the war in Iran, as price pressures spread beyond the energy sector and the risk of inflation expectations becoming de-anchored grows. She explained that disruptions to energy infrastructure and global supply chains have altered price dynamics in a more lasting way, potentially requiring a policy response even if the conflict ends immediately. Regarding the number of interest rate hikes, Schnabel commented that it is "too early to say" it will end with just a few increases, adding that the ECB must "wait and see how the situation develops." She also noted that the current shock differs from past energy crises, as it is increasingly taking on the character of a global demand shock that is simultaneously raising production costs worldwide.

South Korean crypto exchange Upbit announced it will list Solstice (SLX) for trading against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT) at 5:00 a.m. UTC on June 1.

A buy-side sidecar has been triggered for the KOSPI after the index surged 4%.