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U.S. Senator Cynthia Lummis said in an interview with CNBC that JPMorgan CEO Jamie Dimon's views on the CLARITY Act are completely wrong. Dimon had previously criticized the bill, stating that it lacked protections related to anti-money laundering (AML) and the Bank Secrecy Act (BSA). He argued that if crypto companies are to perform bank-like functions, they must adhere to the same regulatory standards as traditional financial institutions. Lummis called Dimon's remarks "distasteful," suggesting he either has not read the bill or is intentionally trying to mislead people. She emphasized that the CLARITY Act includes provisions to ensure that the same level of regulation applied to traditional financial institutions also applies to crypto companies.

Nine U.S. Democratic members of the House of Representatives have called on the Federal Trade Commission (FTC) to launch an investigation into prediction market platforms such as Polymarket and Kalshi, Cointelegraph reported. Reps. Kevin Mullin and Gabe Vasquez argued that these companies promote themselves to the public as sports betting platforms while claiming to regulators that they are financial platforms offering investment products. The lawmakers asserted that the firms use gambling-related terms like "legal betting" and "sports betting" to evade state-level gambling regulations. They have requested that the FTC provide information by June 29 on whether the platforms are deceiving consumers, along with its plans for future investigation and enforcement.

Binance announced it will temporarily suspend its stock trading service from 11:50 p.m. UTC on June 5 to 4:00 p.m. UTC on June 6 due to a system upgrade by its partner broker.

Hyperliquid's (HYPE) share of perpetual futures trading volume across all centralized exchanges hit a new all-time high of 6.63% in May, The Block reported. Its share relative to Binance also reached a record 14.4%. The platform recorded over $62 billion in trading volume last month, and its open interest currently stands at around $3 billion. While Binance recently launched perpetual futures for private stocks, they are seen as falling short of Hyperliquid's HIP-3. However, HYPE's trading volume has seen a slight decrease amid the market downturn. The outlet added that while Hyperliquid currently has a first-mover advantage, this lead could quickly shrink if Binance, with its vast user base, fully introduces spot trading for stock tokens. While regulatory risks have been addressed through an innovation exemption from the U.S. SEC, its future sustainability will depend on whether the Hyperliquid-based trading platform Trade.xyz can maintain its market share and whether Hyperliquid can preserve its advantage in asset diversity over Binance.

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: 50.23% long, 49.77% short - Binance: 47.64% long, 52.36% short - OKX: 48.25% long, 51.75% short - Bybit: 47.91% long, 52.09% short

BitMEX co-founder Arthur Hayes announced that he has just sold all of his Hyperliquid (HYPE) and Near Protocol (NEAR) holdings. He stated that he will explain his reasoning in an essay to be released next Tuesday. Hayes briefly cited several factors for his decision, including rising energy prices from a potential resumption of war in Iran, large-scale AI company IPOs through early Q3, and a prediction that U.S. President Donald Trump will adopt a hostile stance toward AI to secure a Republican election victory. He also noted his expectation that the market will peak between now and September and that it was time to realize profits. On May 30, Hayes had predicted that HYPE would rise to $150. He also previously forecasted a rise for NEAR, describing it as a fundamentals-driven cryptocurrency.

Coinbase announced it will list SpaceX (SPCX) pre-market perpetual futures at 6:00 a.m. UTC on June 4.

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

Short-term Bitcoin holders, defined as those holding for less than 155 days, are evolving into long-term investors, CryptoQuant CEO Ki Young Ju stated on X. He explained that while BTC is at the same price level as two years ago, addresses that have held for six months to two years—a group that participated in the current cycle—now hold approximately 53% of the supply. This figure is up from 15% two years ago. Ki noted that in past cycles, the market bottomed when this group's holding ratio reached 68%. He added that he views the selling from Bitcoin OGs and older miners as a transfer of ownership to institutional investors and ETFs. Ki believes that who holds an asset is ultimately what matters. If the current holders can attract greater liquidity, he sees the next rally as possible at any time, suggesting that institutional investors could form a stronger demand base for asset appreciation.

Maelstrom, the family office of BitMEX co-founder Arthur Hayes, has offered a positive outlook on Worldcoin (WLD). The firm stated that while capital is actively pursuing investment opportunities in AI companies like Anthropic and OpenAI at valuations in the hundreds of billions to trillions of dollars, WLD's circulating market cap is only around $2 billion, classifying it as a small-cap asset in the AI space. Maelstrom noted that while WLD typically has low volatility, it is characterized by significant upward movements when it does move, setting an August price target of $5.

Crypto asset manager Abraxas Capital has accumulated $301 million in profit from short positions on Hyperliquid (HYPE), Hyperinsight reported. The firm currently holds $47.3 million worth of HYPE while maintaining a $63 million short position in the futures market. Additionally, Abraxas Capital's total short positions across various cryptocurrencies, including BTC and ETH, amount to $141 million. The asset manager has been building these short positions since May of last year.

Shinhan Financial Group is pursuing participation in the governance of the global blockchain Canton Network, Edaily reported. The group's subsidiary, Shinhan Asset Management, announced today that it signed a memorandum of understanding (MOU) with the Canton Foundation on June 2. Under the agreement, the two parties will establish a framework for Shinhan's governance participation and cooperate on the network's technological advancement. They will also collaborate on education and consulting regarding South Korea's regulatory environment for tokenization and digital assets, and research the international competitiveness of South Korean digital financial products.

In a report titled "DeFi App: Between Robinhood and DeFi," Asian Web3 research and consulting firm Tiger Research stated that despite advanced financial infrastructure, the DeFi market's path to mass adoption is hindered by a complex user experience and low retention. The firm noted that DeFi App (HOME) is lowering the barrier to entry by eliminating friction points such as gas fees and bridging, while integrating swaps, deposits, and derivatives into a single interface. Additionally, the platform has built a model connecting its growth with on-chain demand through "Rocket Perps" and a HOME token buyback mechanism. While existing DeFi applications have succeeded in lowering technical barriers, they have shown limitations in retaining users after incentive programs end. The report concluded that if DeFi App successfully retains users and builds trust, it could establish itself as a leading platform in a niche that Robinhood has not yet entered.

Prominent Bitcoin critic Peter Schiff, CEO of Euro Pacific Capital, has predicted that Tether's (USDT) market capitalization will soon surpass that of Ethereum (ETH) and eventually overtake Bitcoin (BTC). According to crypto news service BSCN, he commented that the question is not if Tether will flip Bitcoin, but when. Schiff also added that BTC has found short-term support around the $61,000 level.

Coinbase has frozen over $3 million in cryptocurrency linked to a Southeast Asian-based fraud organization, Cointelegraph reported. The action was part of an operation dubbed "Disruption Week," led by the U.S. Department of Justice's (DOJ) Scam Center Strike Force. The effort involved collaboration with Meta, Microsoft, and Starlink, as well as the U.S. Federal Bureau of Investigation (FBI), the U.S. Secret Service, and law enforcement agencies from the UK, Australia, Canada, New Zealand, and Thailand. Through this joint operation, over 1.4 million social media and email accounts were blocked, and Thai police have reportedly arrested a suspect in connection with the case.

U.S. spot Bitcoin ETFs recorded $396.6 million in net outflows on June 3, marking the 13th consecutive trading day of withdrawals, according to data from Farside Investors. - BlackRock's IBIT: -$342.3 million - Fidelity's FBTC: -$54.3 million

Taiwanese celebrity Jeffrey Huang, also known as Machi Big Brother, opened a new long position of 1,775 ETH, worth $3.17 million, about an hour ago, The Blockbeats reported. The position has an entry price of $1,811 and a liquidation price of $1,762. This move comes after Huang was liquidated seven additional times over the past two days.

U.S. spot Ethereum ETFs recorded a net outflow of approximately $52.91 million on June 3, marking the 17th consecutive trading day of outflows, according to data compiled by Trader T. - BlackRock's ETHA: -$51.58 million - Fidelity's FETH: -$1.35 million

Bybit has announced the listing of perpetual futures contracts for Samsung Electronics, SK Hynix, and Hyundai Motor. The new offerings will support up to 20x leverage. Trading will be restricted for users in certain regions, the exchange noted.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,020.16 on the Binance USDT market.

DDC Enterprise, an e-commerce company listed on the New York Stock Exchange, announced it has purchased an additional 90 bitcoins. This brings the company's total Bitcoin holdings to 2,804 BTC.

According to Lookonchain, 7 Siblings, an entity known for buying ETH during price dips, borrowed 10 million USDT from Cow Protocol an hour ago to purchase 5,589 ETH at an average price of $1,789.

The U.S. Commodity Futures Trading Commission (CFTC) has scrapped its 'no-deny' policy, which barred defendants from publicly denying allegations as a condition of settling cases, Cointelegraph reported. Introduced in 1998, the policy allowed for settlements only if the defendant agreed not to publicly contradict the CFTC's claims. CFTC Chairman Mike Selig explained that for nearly 30 years, the agency would only settle cases if defendants promised not to publicly deny the charges, adding that the policy was being eliminated to align with the regulatory approaches of other government agencies. The CFTC stated that the move will provide greater flexibility in settling enforcement actions. While the agency will no longer enforce the no-deny provision in existing agreements, it may still require defendants to admit to certain facts or legal responsibilities in specific cases.

Prominent trader Serenity (@aleabitoreddit) announced on X that he purchased BlackRock's IBIT and ETHA when Bitcoin was at $62,187 and Ethereum was at $1,755. He noted that this was not intended as a long-term hold, stating that while the crypto market downturn is negatively impacting stocks like Robinhood (HOOD) and Coinbase (COIN), the valuations of these crypto-related equities have become attractive from a swing trading perspective. Serenity suggested that talk of a crypto-friendly administration and strategic reserves appears to have been unfounded and viewed the push for the CLARITY Act as a negative development influenced by banking lobbies. Serenity has 578,000 followers on X and has recently gained attention in the global trading community for verifying returns in the thousands of percent.

According to CoinNess market monitoring, BTC has risen above $63,000. BTC is trading at $63,026.88 on the Binance USDT market.