Live Feed

Bitwise, the issuer of the Hyperliquid (HYPE) spot ETF, purchased $20 million worth of HYPE in a single day, Arkham (ARKM) reported. Last week, Bitwise's HYPE spot ETF, BHYP, acquired a total of $41.8 million in HYPE. The firm is currently staking $55 million worth of the token. Arkham also noted that the return from purchasing BHYP at its launch two weeks ago has surpassed the S&P 500's performance over the last two years.

ProCap Financial (BRR) has sold 52 BTC to fund a share buyback, according to a post on X by BitcoinTreasuries. The company's last purchase was 450 BTC in March, and it has not acquired any more since. ProCap currently holds 5,405 BTC, ranking it 19th among publicly listed companies for Bitcoin holdings.

A Chinese real estate developer, Yang Weixin, 53, was murdered in a kidnapping case where the perpetrators demanded a $2 million ransom in cryptocurrency, BeInCrypto reported, citing Cambodian police. Yang was abducted from his apartment in Phnom Penh on May 29 and was found dead approximately 14 hours later in an abandoned vehicle in the Dangkao district. The kidnappers used the victim's mobile phone to demand the crypto payment from his family. Police have classified the incident as a premeditated kidnapping for ransom resulting in murder and are currently investigating. Three suspects remain at large.

BlackRock has deposited 929 BTC (worth around $67.5 million) and 36,449 ETH (worth around $72.23 million) to Coinbase, according to Onchain Lens. The total value of the deposit is approximately $139.73 million.

According to filings with the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority, Nest Trading Limited, the brokerage firm handling Binance's U.S. stock trading service, has been confirmed as a Binance affiliate. The company was registered with the ADGM on Jan. 5 of this year, and its official website registration also points to Binance. Binance had previously described the firm as an "Independent Introducing Broker" that routes user orders to Alpaca Securities. Nest Trading holds licenses for investment brokerage, asset management, proprietary trading, currency services, and custody. However, due to regulatory restrictions, it cannot directly hold or control user funds and assets. Order execution, clearing, and asset custody are handled by Alpaca Securities.

Strategy (MSTR) has maintained the dividend rate for its preferred stock, STRC, at 11.5% for the fourth consecutive month, CoinDesk reported. The decision comes after STRC, despite falling to a low of $97.11 last month, closed the month at $99.62, near its par value of $100. This price stability is seen as having secured the stock's value without the need for a dividend increase. Strategy's STRC pays holders a monthly variable dividend targeting an annual rate of 11.5%. The rate is lowered if the stock trades above its $100 par value and raised if it trades below. Dividends are paid from Strategy's cash holdings. The company only uses funds raised when STRC exceeds $100 to purchase BTC, and the stock has recently served as a key funding source for these acquisitions.

Bitcoin is showing an unusual decoupling from U.S. software stocks, which it has historically moved in sync with, CoinDesk reports. Recently, Bitcoin has fallen 10% while the software sector ETF (IGV) has rallied 12%. The correlation between BTC and IGV has now dropped to 0.58, a level similar to late 2023 and mid-2024. The outlet noted that in the past, BTC rallies have followed such periods of decoupling.

Binance announced via its official social media channels that it will launch a Fully Paid Securities Lending (FPSL) service on June 4. The service allows users to lend their eligible securities to other market participants in exchange for lending fees. These lent securities can then be utilized for activities such as short selling, arbitrage, and market making. Binance noted that this is a common financial service in traditional markets, typically brokered by securities firms or custodians, and explained that the new offering is designed to provide users with an opportunity to generate additional income from their holdings.

Bithumb has announced the suspension of deposit and withdrawal services for Gnosis (GNO), citing a potential security issue and concerns over increased price volatility.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The upper section shows a volume heatmap, while the lower section displays the CVD. - The volume heatmap at the top tracks the amount of trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences a significant move. Brighter areas may indicate potential support or resistance levels. - The CVD indicator at the bottom shows buy and sell orders categorized by trade size. An increase in buy orders causes the corresponding colored line to rise. For example, the yellow line represents orders between $100 and $1,000, while the brown line tracks large orders ranging from $1 million to $10 million.

Digital asset investment products saw net outflows of $1.67 billion last week, marking the third consecutive week of withdrawals, CoinShares reported in its weekly fund flow analysis. The cumulative outflow over the past three weeks has now reached $4.21 billion. Bitcoin-related products experienced their largest single-week outflow of the year at $1.438 billion, while Ethereum-related products saw $257 million exit. In contrast, some altcoin products for assets like XRP, HYPE, and NEAR recorded net inflows. CoinShares attributed the trend to risk-off sentiment driven by geopolitical risks involving Iran, which it said overshadowed positive developments such as progress on the U.S. Clarity Act. The recent outflows have caused total assets under management (AUM) for these products to fall from $148 billion to $141 billion.

Binance is introducing trading services for over 7,000 U.S. stocks and ETFs as part of its "Super App" strategy and plans to launch a tokenized stock service called "bStocks," Fortune reported. Co-CEO Richard Teng stated that while U.S. stocks account for more than half of the global market, they remain costly and cumbersome for overseas investors. He added that Binance aims to solve this for non-U.S. customers by offering zero-fee, fractional trading starting from $5. The stock trading will be facilitated by broker-dealer Nest Trading, with custody and dividend payments handled by New York-based financial firm Alpaca. Users will be able to trade stocks using USDT, USDC, and BNB. In the future, the company plans to launch its own tokenized stock program, "bStocks," which will allow users to convert their purchased shares into digital tokens on the BNB Chain. Binance emphasized that "bStocks" will serve as a bridge connecting stocks to programmable cryptocurrencies, enabling their use in DeFi for activities like lending and liquidity provision.

Bithumb announced it will temporarily suspend deposits and withdrawals for Injective (INJ) at 9:30 a.m. UTC on June 4 due to a mainnet upgrade.

DeFi project Fluid has lost approximately $215,000 after its Ethereum reward distribution system was exploited, according to DeFi risk intelligence platform BlackHart. The attacker reportedly gained control of two operational keys used to create and approve reward lists. They then registered and approved a list that distributed rewards solely to their own address and claimed the funds. The incident has been attributed to the compromised keys rather than a smart contract vulnerability. The stolen assets included 112,883 FLUID, 47,903 GHO, and a small amount of cbBTC, which were subsequently swapped for ETH and transferred via Tornado Cash. Fluid stated that its lending markets, vaults, DEX, and user deposits were not affected. The project has since replaced the compromised keys and moved the remaining reward funds to a secure address.

Bithumb announced it will temporarily suspend deposits and withdrawals for the Polygon Ecosystem Token (POL) at 10:00 a.m. UTC on June 2 to support a network upgrade.

Blockchain security firm PeckShield reported via X that a security issue has occurred on Gnosis (GNO) Pay. Gnosis co-founder Martin Köppelmann has also recommended that Gnosis Pay users withdraw their EURe and GNO. The Gnosis team has not yet disclosed the scale of the attack, the amount stolen, or any technical details.

On-chain analyst Axel Adler Jr. stated that Bitcoin's realized volatility, based on a 30-day moving average, has dropped by over 56% this quarter, falling from around 39 in early March to a current level of 17. He analyzed that the market has now entered a high-compression accumulation phase, characterized by both low volatility and a slowdown in premiums. Adler also explained that the Delta indicator, which reflects changes in market premiums, has been negative for six consecutive months, suggesting that market expectations are cooling. However, he added that the likelihood of a significant directional move is increasing, with an expansion in volatility expected in the future.

The blockchain promotion committee of Japan's ruling Liberal Democratic Party has submitted a proposal to the government urging the creation of a regulatory framework to encourage the use of yen-based stablecoins and permit the trading of cryptocurrency ETFs, Reuters reported. The committee suggested that the yen stablecoin could be promoted at the Asian Development Bank's annual meeting, which Japan will host in May 2027, and noted that related experiments are already underway, led by the Financial Services Agency and major banks. The report added that despite the proposal, authorities remain concerned that stablecoins could disrupt the traditional financial system. The Bank of Japan has also previously indicated the need for a multifaceted approach to the global monetary system that extends beyond stablecoins.

Shinhan Financial Group has joined a coalition of major South Korean banks to discuss a won-denominated stablecoin project, according to financial industry sources on June 1. The group, which also includes KB, Toss, the Industrial Bank of Korea (IBK), BNK Financial, and iM Bank, held a private digital asset meeting in Seoul today. The move is seen as a response to a separate consortium led by Hana Financial Group with Dunamu and Naver. A high-ranking financial official told the Seoul Economic Daily that Hana's leading role in that project has made it difficult for other large banking groups to get involved, potentially creating a 'Hana versus the rest' dynamic in the sector.

An early investor who bought the Bian Rensheng token just 30 minutes after its launch last October has started to take profits after seeing a 5,000-fold return, according to EmberCN. The investor's initial $2,480 purchase, made at an average price of $0.00013 per token, has generated a profit of $12.38 million to date. About 30 minutes ago, the address deposited 3.5 million Bian Rensheng tokens, worth $2.38 million, to Binance. The wallet still holds 15 million tokens, valued at $10 million. According to CoinMarketCap, Bian Rensheng is trading at $0.6646, up 35.61% in the past 24 hours.

According to data from CoinGlass, an estimated $463.88 million in short positions on major centralized exchanges will be liquidated if BTC surpasses $74,341. Meanwhile, a drop below $72,108 would trigger the liquidation of $368.02 million in long positions.

On-chain data platform Arkham said on X that a participant in its prediction market, 'Surprised-Legacy,' stands to win $200,000 if it is confirmed that Michael Saylor sold Bitcoin yesterday. The market has not yet been settled. Arkham explained that the outcome depends on verification of a sale last week, which would be disclosed in a MicroStrategy 8-K filing. The prediction market currently shows an 11% probability that MicroStrategy sold Bitcoin.

The price of LAB, a cryptocurrency facing accusations of price manipulation from the community, has surpassed $12. By fully diluted valuation (FDV), it has overtaken Zcash (ZEC) and USDS to rank 12th globally. Excluding stablecoins, this makes it the 10th largest project by market capitalization. Previously, Simon Dedic, founder of crypto venture capital firm Moonrock Capital, criticized the project, describing it as a laughably obvious scam that appears to be operating without any sanctions. He also expressed disappointment that major exchanges like Gate.io, KuCoin, and Bitget are tolerating and even enabling such activities for short-term profit. According to CoinGecko, LAB is currently trading at $12.23, up 39.6%.

Unitas Labs, a layer supporting on-chain yield generation, has announced the launch of XGOLD (XGLD), a yield-bearing gold token collateralized by Tether Gold (XAUT). The new token is designed to provide additional yield based on Unitas's operational strategies.

AhnLab Blockchain Company (ABC), the blockchain subsidiary of AhnLab, announced on June 1 the launch of its digital asset custody service, "ABC Cloud Wallet." According to News1, the service is available online for individual, corporate, institutional, and foundation clients. It enables institutions to systematically manage their digital asset operating rights and policies in line with internal standards.