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Bitcoin Drops 10% in 3 Days, Falls Below $66K as $500M Liquidation Wave Hits
Bitcoin fell sharply for a third straight day, sliding below $66,000 on Wednesday and wiping out all of its April gains.
Key Takeaways:

Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362.
Over $1 billion in total crypto
BTC-1.84%
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UK FCA Flags Crypto Sponsorship Risks for Premier League Clubs
The UK Financial Conduct Authority has warned football clubs that sponsorship deals with unauthorised crypto and trading firms could expose them to legal and reputational risks. The regulator said clubs must do more to protect fans from potentially unsafe financial promotions.
Key Takeaways:

T
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Bitcoin ETFs Lose $519M as Grayscale’s GSOL Pulls in Fresh Solana Demand
Crypto exchange-traded fund (ETF) flows remained under heavy pressure on Tuesday, June 2, as bitcoin funds posted a 12th straight day of redemptions and ether ETFs extended their losing streak to 16 sessions.
BTC-1.85%
SOL-4.37%
HYPE5.11%
IBIT-2.05%
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Bitcoin Miners Hit $1.08B in May Revenue, Then Prices Pull the Floor Away
Bitcoin miners finally had something to celebrate, delivering their strongest revenue gain in four months as May lifted earnings beyond the $1 billion mark for the first time since January. Current revenue, however, has cooled considerably, with bitcoin slipping below the $66,000 mark on Tuesday be
BTC-1.85%
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Anchorage Digital Powers Custody for New Real Finance Assets as Tokenization Grows
Anchorage Digital has partnered with Real Finance to support the full lifecycle of tokenized real-world assets.
Key Takeaways:

Anchorage Digital and Real Finance partnered to manage tokenized financial assets’ lifecycles.
The joint venture targets fragmentation across issuance and
RWA-1.42%
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Aave Says Operations Back to Normal as $300M Backstop Replaces Drained Assets
Decentralized finance protocol Aave recently revealed that it has fully restored liquidity to its lending pools following a $300 million cross-chain exploit.
The Anatomy of the Exploit
Decentralized finance ( DeFi) pioneer Aave has successfully restored full liquidity to its lending pools,
AAVE-0.35%
ZRO14.04%
ETH-4.6%
ETHFI1.71%
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Mastercard Opens Stablecoin Settlement to 6 Partners Across USDC, RLUSD and PYUSD
Mastercard is expanding its global settlement network to include regulated stablecoins, intraday options, and weekend and holiday processing, giving card issuers and acquirers new tools to manage liquidity beyond traditional banking hours.
Key Takeaways:

Mastercard adds USDC, RLUSD, PYUSD, and
PYUSD-0.01%
USDP0.02%
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El Salvador Buys the Dip as Bitcoin Slides Under $66,000, Reserve Nears 7,600 BTC
El Salvador is buying the dip again as bitcoin slides as low as $65,700, with the Central American nation’s strategic reserve now holding roughly 7,600 BTC worth more than $510 million.
Key Takeaways:

El Salvador’s bitcoin reserve sits near 7,600 BTC, valued above $510 million as of
BTC-1.85%
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Orbs Rolls out V5 on Ethereum and Arbitrum, Cutting Costs Across 10+ Chains
Layer 3 blockchain infrastructure Orbs has launched its V5 product upgrade on Ethereum and Arbitrum to improve cross-chain verification, lower infrastructure costs, and increase validator participation.
Key Takeaways:

Orbs launched its V5 upgrade on Ethereum and Arbitrum to lower costs and se
ORBS-0.4%
ETH-4.6%
ARB-0.33%
BNB-5.04%
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Morgan Stanley Adds Stablecoin Fund After Bitcoin ETF Launch
Morgan Stanley Investment Management launched a stablecoin reserve fund to meet rising institutional demand for compliant digital asset infrastructure. The move deepens its push into tokenization and crypto-linked products as market participation expands.
Key Takeaways:
Morgan Stanley
MS-1.93%
BTC-1.85%
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Gold Overtakes US Treasuries as Top Reserve Asset: ECB Data
Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and rising demand for reserve diversification.
Key Takeaways:

Gold reached 27% of official reserves, topping Treasuries at 22%.
Valuation gains drove much of gold’s r
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Bitcoin Treasury Companies Face a Borrow-or-Sell Test
Strategy’s 32 BTC sale has turned a small transaction into a larger test for corporate bitcoin treasuries. The issue is no longer only whether public companies hold BTC. Investors are now watching how those companies meet cash obligations while trying to preserve exposure.
Key Takeaways:

Strat
BTC-1.85%
MSTR-5.62%
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