Bitcoin Slides to $70,147 After US-Iran Talks Fail
Bitcoin fell 3.7% in the last 24 hours and reached a low of $70,147 after US-Iran talks failed again. CoinGecko's BTC data showed Bitcoin was down 8% in the last week. Bitcoin seems to have found support at the $70,000 price level. The Strait of Hormuz was stated to be closed off once again.
SoSoValue data shows Bitcoin spot ETFs recorded $484 million in total net outflows on June 1 (Eastern Time). Bitcoin spot ETFs have now posted 11 consecutive days of net outflows.
Grayscale could launch its US HYPE ETF as soon as this week after amending the fund filing for a sixth time. Bloomberg ETF analyst James Seyffart said the launch looked “likely imminent.” The amended filing lists the HYPG ticker and a 0.29% management fee.
Onchain Lens flagged a whale opening a 21,948 ETH short worth about $44 million at 10x leverage. Hyperliquid flow data showed ETH drew about $9.10 million in net buying pressure over the past six hours.
Russian investors have put about 3.8 billion rubles, or $52.77 million, into financial products linked to cryptocurrency prices. The figure was nearly unchanged over six months.
The roundup says Hyperliquid RWA open interest reached $3 billion. Mt. Gox transferred $739 million in BTC after 6 months, and the destination was unclear.
GMGN data showed Solana ecosystem token three briefly surpassed a $5 million market cap after rising over 1500% in 24 hours. The token was reported at a $4.88 million market cap and is positioned as a browser-native 3D AI agent.
A Mt. Gox-linked address transferred 10,423 BTC worth $739 million to a new address. The address also deposited 116 BTC worth $8.25 million into its own hot wallet. The repayment deadline has been extended to Oct. 31 due to creditor procedural issues.
Hyperliquid said open interest for its RWA products reached an all-time high of $3 billion. The platform said it has set new open interest records every month since launching HIP-3 last October.
Bitcoin fell 3.4% over 24 hours to near $70,830 after Strategy disclosed its first publicized bitcoin sale. Strategy's 8-K filing disclosed 32 BTC sold for $2.5 million to fund preferred stock distributions. Stocks eased from all-time highs, and Brent crude held near $94.40 as the U.S.-Iran impasse persisted.
Hyperliquid said its RWA open interest reached $3 billion, setting a new all-time high. HIP-3 open interest has set a new record every month since its launch in October 2025.
A Mt. Gox-linked cold wallet transferred 10,423 BTC worth approximately $739 million to a new address. The address also sent 116 BTC worth around $8.25 million to a Mt. Gox hot wallet, while the larger transfer's purpose remains unclear.
Japan's Liberal Democratic Party blockchain promotion lawmaker alliance submitted a Web3 policy proposal to Finance Minister Satsuki Katayama on June 1. The proposal covers tax reform, crypto ETFs, leverage trading regulation, unregistered operators, crypto strategy, and trade logistics. Katayama said she will advance related system building, including crypto ETF implementation and research on a new tax system for January 2028.
TON Rises 15% as The Open Network Plans Gram Rebrand
TON rose more than 15% after The Open Network said it plans to rebrand Toncoin as Gram. The Open Network said the transition will take around three weeks, with no swap, migration, bridge, claim, or conversion. The token later retreated to $2.07 by Tuesday morning and remains down 75% from its June 2024 all-time high, according to CoinGecko.
Anthropic filed a confidential IPO with the SEC on June 1, 2026, at a $965 billion valuation. Dan Ives named NVIDIA, AMD, Micron Technology, Microsoft, and Oracle as AI stocks to watch. Anthropic’s revenue run rate rose from $10 billion to $47 billion in roughly one year.
IRA Financial Launches Crypto Retirement Platform as U.S. Retirement Assets Hit $49.1T
IRA Financial is launching a rebuilt crypto platform that lets retirement-account investors trade nearly 100 tokens in real time. The custodian says it administers more than $7 billion across upward of 27,000 accounts. The platform also holds stocks, real estate, gold and private equity in the same login. Investment Company Institute data put the U.S. retirement system at $49.1 trillion.
Japan LDP Lawmakers Push Crypto Tax and ETF Reforms
A blockchain promotion parliamentary league under Japan's ruling LDP urged the government to include blockchain and Web3 in its national strategy. The proposal calls for crypto tax reform, crypto ETFs, easier leverage trading rules, action on unregistered operators, and stronger overseas regulatory cooperation.
Hong Kong Plans Unified Crypto Regulatory Framework
Hong Kong plans to establish a unified regulatory framework for cryptocurrency trading, custody, investment advisory, and asset management services. The proposed rules would require institutions providing these services in Hong Kong to obtain a license or registration from the SFC.
Strategy Bitcoin Sale Sparks $79M Polymarket Resolution Fight
Strategy's 32 BTC sale has triggered a $79 million Polymarket dispute over whether the May 31 market should resolve by trade date or confirmation date. The company sold the bitcoin between May 26 and 31, but the 8-K filing came out June 1. Polymarket backed the "No" reading, and the contract fell from 81% "Yes" during the dispute to under 1%.
Onchain Lens monitoring shows Loracle fully closed its HYPE short position with losses exceeding $46 million. Loracle currently holds leveraged positions in ZEC, TON, ASTER, XMR, and TSLA.