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Jim Cramer, host of CNBC's Mad Money, has stated that he feels the need to reconsider his pro-Bitcoin stance following MicroStrategy's (MSTR) sale of 32 BTC last week. In a post on X, he noted that MicroStrategy has served as a key pillar of support for Bitcoin for years, adding that while some have claimed this is manipulation, he believes that is an overstatement. Cramer is a figure often derided in the stock and crypto communities as a "human indicator" for making market predictions that prove to be incorrect.

The U.S. House Armed Services Committee has drafted a defense authorization bill that would prohibit U.S. military or Department of Defense employees from betting on prediction markets using non-public information, CNN reported. The move was prompted by the recent indictment of a U.S. special forces member for placing a large bet on Polymarket just before an operation to capture Venezuelan President Nicolás Maduro. The proposed ban would extend to non-classified, non-public information. Amid recurring suspicions of insider trading on prediction markets surrounding geopolitical events, the U.S. Commodity Futures Trading Commission (CFTC) has also vowed a crackdown, though concerns have been raised about staffing shortages. The U.S. Senate and some House offices have already banned their aides from using prediction markets, while California and Illinois have issued executive orders prohibiting state officials from using inside information for such betting.

Weekly trading volume on Solana-based decentralized exchanges (DEXs) has plummeted 82% in two weeks, falling from $104.3 billion to $18.8 billion amid waning memecoin investor sentiment, BeInCrypto reported, citing Dune Analytics data. The volume on Meteora (MET), for instance, plunged from $93.1 billion in the second week of May to just $9.2 billion in the fourth week. The report attributes the decline to several factors, including a decrease in new memecoin launches this year, a loss of fresh liquidity and market narratives, reduced profitability for trading bots, and sell-offs by key investors. Notably, a cohort of investors who had held SOL for between one and two years was identified as a source of the selling pressure.

Ripple has partnered with Turkish firms BiLira, the issuer of TRYB, as well as Bitexen and Bitlo, to support its dollar-pegged stablecoin, RLUSD, in Turkey. According to Cointelegraph, the collaboration will enable Turkish institutional investors to access enterprise-grade U.S. dollar liquidity using RLUSD.

The hacker behind the UXLINK exploit has swapped 92 WBTC ($6.4 million) for 3,248 ETH, PeckShield reported on X. The perpetrator also deposited 1,500 ETH into Tornado Cash. This activity follows the initial theft of $44 million in assets from UXLINK on Sept. 22, 2025.

According to CoinNess market monitoring, BTC has fallen below $70,000. BTC is trading at $69,990 on the Binance USDT market.

Markus Thielen, CEO of 10x Research, has interpreted a recent small-scale BTC sale by Strategy as a move to test market reactions and the flexibility of its capital allocation strategy. He explained that while Strategy remains highly confident in BTC, the success of its recently expanding STRC preferred stock financing program may be a more critical short-term priority. Thielen added that this move shatters the company's nearly six-year-long narrative of accumulation, suggesting the market may now re-evaluate Strategy's future BTC purchases.

NFT marketplace OpenSea is set to launch a perpetual futures trading feature on its platform, Zack Brenner, head of marketing at OpenSea, announced on X. He invited users interested in early access to the feature to let him know. In response to a user's question, Brenner confirmed that the new feature is based on Hyperliquid.

An anonymous whale address starting with 0x2E8e9 deposited 9,000 ETH, worth $17.86 million, to Bitfinex after a five-year holding period, Onchain Lens reported. The address originally purchased 10,000 ETH from Uniswap for $4.63 million five years ago and withdrew the funds. A portion of this holding was deposited to Kraken three weeks ago. If the whale sells the amount sent to Bitfinex, the estimated profit would be $14.37 million.

The Georgian government is installing electricity meters in all villages in the northwestern Mestia region as part of a crackdown on illegal cryptocurrency mining, Crypto Briefing reported. The initiative is being supported by law enforcement agencies. In 2025, Mestia's electricity consumption reached 133 million kWh, more than 13 times higher than that of other similarly sized municipalities. The government estimates that illegal mining costs the national power grid between $7.5 million and $9.4 million annually.

Injective (INJ) has unveiled a governance proposal for its Vulcan mainnet upgrade, which is now in the voting stage. According to the proposal, the upgrade (v1.20.0) is scheduled for June 4. The update will introduce a next-generation oracle engine designed to cut oracle gas fees by 90% and integrate Pyth Pro and SEDA oracles. It will also provide integrated oracle functionality to EVM smart contracts through a new precompile feature.

Multiple addresses associated with Jordan Fish, a prominent crypto trader better known as Cobie, have transferred 20 million LDO ($6.58 million) to exchanges including Binance, OKX, and Kraken in the past 30 minutes, EmberCN reported on X. Deposits to exchanges are typically interpreted as a precursor to selling.

The risk of a further decline for Bitcoin has increased after it fell below the $72,000 level, which represents the average cost basis for short-term holders, according to an analysis by on-chain analytics firm Swissblock. The firm explained that while the market had interpreted price consolidation in this zone as an accumulation phase for a bull run, Bitcoin ultimately failed to maintain this support. A subsequent rebound attempt lacked sufficient buying pressure and failed to reclaim the level. Swissblock noted that the market has now shifted from a correction and consolidation phase to one where a downtrend could continue. The firm added that Bitcoin is at a crossroads, facing either a resumption of the bull market or a prolonged bear market, and must reclaim and establish a foothold above the investor cost basis zone to restore bullish momentum.

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: 50.06% long, 49.94% short - Binance: 48.23% long, 51.77% short - OKX: 48.46% long, 51.54% short - Bybit: 47.41% long, 52.59% short

Russian investors have put approximately 3.8 billion rubles ($52.77 million) into financial products linked to cryptocurrency prices, Russian media outlet Bits reported, citing a Financial Stability Report from the country's central bank. The figure has remained nearly unchanged for six months, up slightly from 3.7 billion rubles in October of last year. The report also noted that the total market for crypto-linked bonds, including institutional investment, stands at 4.1 billion rubles ($56.94 million), with individual investors accounting for 42% of that total.

Binance has announced the delisting of seven spot trading pairs at 3:00 a.m. UTC on June 5. The affected pairs are AXL/BTC, CRV/BTC, EGLD/BTC, OPN/BNB, POL/ETH, QTUM/USDC, and SKY/BTC.

Hyperliquid (HYPE) announced on X that open interest for its real-world asset (RWA) products has reached an all-time high of $3 billion. The platform noted that it has set new open interest records every month since launching its HIP-3 market last October. The HIP-3 market, which allows anyone to create on-chain markets by staking HYPE, has gained popularity for its key features. Unlike traditional finance futures, it operates 24/7 without market closes and focuses on perpetual contracts with no expiration dates. Hyperliquid added that trading volume for commodity-based futures previously surged amid rising tensions in the Middle East, and more recently, volume for stock-related products has increased, driven by positive trends in U.S. and Asian stock markets.

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom displays the CVD. - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas can potentially act as support or resistance. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders from $1 million to $10 million.

An address associated with Mt. Gox has transferred 10,423 BTC, worth $739 million, to a new address for the first time in six months, according to ai_9684xtpa. The address also deposited 116 BTC ($8.25 million) into its own hot wallet. Mt. Gox, which went bankrupt in 2014 after losing approximately 850,000 BTC to hacking, began its repayment process this year. However, the repayment deadline has been extended to Oct. 31 due to procedural issues involving creditors. Most creditors have reportedly already received their funds, with about 34,000 BTC now being gradually distributed to the remaining recipients.

A blockchain promotion parliamentary league under Japan's ruling Liberal Democratic Party (LDP) has urged the government to include blockchain and Web3 in its national strategy and overhaul regulations to foster the crypto industry, local media outlet CoinPost reported. The policy proposal calls for comprehensive crypto tax reform, the introduction of ETFs, easing leverage trading rules, addressing unregistered operators, and creating a national crypto strategy. On taxation, the league proposed reviewing the application of separate self-assessment and withholding tax systems and establishing clear standards for crypto transactions and inheritance. It also argued that the current 2x leverage limit for retail investors is excessively low, advocating for a gradual increase accompanied by stronger margin management systems. Additionally, the proposal pushed for a formal framework for crypto ETFs and stronger cooperation with overseas regulators.

The Hong Kong government is moving to establish a comprehensive regulatory framework for the entire cryptocurrency industry. According to an announcement on the official website of Hong Kong’s Financial Services and the Treasury Bureau (FSTB), the government plans to introduce a new regulatory system that covers trading, custody, investment advisory, and asset management services. This initiative builds upon the existing licensing scheme for crypto trading platforms and the regulatory framework for stablecoin issuers. Under the proposed rules, which are based on the Securities and Futures Ordinance, any institution providing these services in Hong Kong will be required to obtain a license or registration from the Securities and Futures Commission (SFC). The regulations will place a particular focus on crypto custody services, with key supervisory areas including private key management systems and the protection of customer assets.

Twenty One Capital, a publicly listed company known for its Bitcoin treasury strategy, is at risk of receiving a non-compliance warning from the New York Stock Exchange (NYSE), Protos reported. The warning stems from the company's failure to meet regulations regarding its independent directors. If the issue is not resolved by June 6, the company's stock will be marked as "BC" (Below Compliance) starting June 9. The designation serves as a warning and does not result in an immediate trading halt or delisting, as companies are typically granted a grace period to address the non-compliance.

An anonymous whale address starting with BVtsAV has deposited 3.82 million GRASS, worth $1.86 million, to Bybit and OKX after holding the tokens for one year, Onchain Lens reported. The whale originally acquired the tokens for $6.08 million from Gate.io, Bybit, and BitGo. A sale at current prices would represent an estimated loss of $4.22 million.

U.S. spot Ethereum ETFs experienced a net outflow of approximately $44.37 million on June 1, according to data compiled by Trader T. This marks the 15th consecutive trading day of net outflows. - BlackRock ETHA: -$34.97 million - BlackRock Staking ETHB: +$70,000 - Fidelity FETH: -$9.47 million

Binance has listed perpetual futures for Samsung Electronics (SAMSUNG/USDT), SK Hynix (SKHYNIX/USDT), and Hyundai Motor (HYUNDAI/USDT) at 3:00 a.m. UTC today. However, the service is not available to users in South Korea. Binance had noted in a related announcement on June 1 that the service might be unavailable in certain regions. It has also been confirmed that Binance's stock tokenization service, bStocks, is similarly unavailable to South Korean users.