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Citi said a lack of new demand is the main driver of Bitcoin's recent weakness. In a report released June 3, the bank said flows for Bitcoin ETFs have recently turned into outflows. It also said the odds of passage for the CLARITY Act, a US crypto ma
Bitcoin miner IREN is moving ahead with its first data center project in Australia. The Block reported on June 3 that IREN signed a grid connection agreement for a data center in Bundey, South Australia, with capacity of up to 800 megawatts. The comp
Tether, the issuer of the USDT stablecoin, is launching a gold-backed credit card. Tether said June 3 that it will introduce what it described as the world’s first gold-based neobanking card with digital banking platform Fasset. The new card will run
Payward, the parent company of US crypto exchange Kraken, plans to give retail investors access to US initial public offerings at the offering price. The company plans to launch the service in the coming weeks through its xStocks platform for Kraken
US private-sector job growth exceeded market expectations in May. ADP said on June 3 that US private nonfarm payrolls increased by 122,000 from a month earlier. That was higher than the 109,000 increase in April and above the 84,000 estimate from eco
Visa, Mastercard and Stripe are moving to launch a new stablecoin platform. CoinDesk reported on June 3, citing multiple sources, that the three global payments companies will serve as key backers of the new platform. US cryptocurrency exchange Coinb
Mastercard is expanding stablecoin-based settlement for card payments. Cointelegraph reported on June 3 that Mastercard plans to let card issuers and acquirers settle some transactions in stablecoins. The new feature will cover card payments made on
President Donald Trump said negotiations with Iran are moving quickly. In an interview on the New York Post podcast on June 3, Trump said the talks were advancing rapidly. He added that Iran would not obtain a nuclear weapon and that "other good thin
Bank of Japan Governor Kazuo Ueda signaled the possibility of further interest-rate increases. BlockBeats reported on June 3 that the BOJ would continue raising its policy rate at an appropriate pace if it determines that the likelihood of its baseli
TD Cowen has maintained its buy rating on Strategy, the world’s largest corporate holder of Bitcoin, and set a $400 price target on the stock. Odaily reported on June 3 that TD Cowen recently reiterated its buy rating on Strategy and kept its price t
Binance is launching a promotion to mark the debut of trading in US stocks and exchange-traded funds on its platform. BlockBeats and other outlets reported June 3 that Binance will offer discounted trading fees on US stocks and ETFs from June 3 throu
Iran attacked Kuwait International Airport with drones and missiles, halting operations at the airport. Reuters reported on June 3 that Kuwait's Directorate General of Civil Aviation said Iran's drone and missile attack destroyed Terminal 1 at Kuwait
The OECD has warned that a prolonged Middle East conflict could tip the global economy toward recession. In its latest economic outlook published June 3, the Organization for Economic Cooperation and Development said the war involving Iran is already
Kim Su-min, Head of Korea at Plume Network “I Got Into Web3 Without Even Knowing What a Wallet Was” Working to Tokenize Korean Assets “You Have to Deal With Licensing, Compliance and Everything” “Meet good people and have good conversations” is the i
Binance, the global cryptocurrency exchange, will list new perpetual futures tied to U.S. stocks including Dell, IBM and IREN. BlockBeats and other outlets reported on June 3 that Binance will launch the new contracts later that day. The contracts wi
Britain's Financial Conduct Authority has warned Premier League clubs not to enter sponsorship deals with unlicensed cryptocurrency firms. Reuters reported on June 3 that the FCA sent a letter the same day to Premier League clubs and other British so
South Korean cryptocurrency exchange Korbit said on June 1 that it launched a "Send to Contact" service that allows users to transfer digital assets using a mobile phone number. The service lets users send cryptocurrency by entering a recipient's pho
Binance, the global cryptocurrency exchange, has seen $1.2 billion of net stablecoin outflows so far this month. Darkfost, a contributor at CryptoQuant, wrote on May 31 that Binance recorded $1.2 billion in net stablecoin outflows in May. The exchang
<Key Economic Events Next Week> ▶︎June 1 (Mon.): △South Korea May trade balance (9 a.m. Korea time, 8 p.m. US time) △Fed Chair Jerome Powell speech (9:30 a.m. Korea time, 8:30 p.m. US time) △US May manufacturing PMI (10:45 p.m. Korea time, 9:45 a.m.
Gravity Bridge, a Cosmos-based cross-chain bridge, has suffered a hack worth about $5.4 million. Cointelegraph reported on May 31 that on-chain analyst Spreek wrote on X that Gravity Bridge’s contract key appeared to have been compromised and that $5
Buying by US institutional investors has yet to return to Bitcoin, according to a CryptoQuant analysis. CryptoQuant contributor Rich_dady wrote on May 31 that the market is currently being driven by institutional sellers rather than institutional buy
President Donald Trump did not approve a draft memorandum of understanding, or MOU, aimed at ending the war with Iran, the New York Times reported on May 30. The newspaper said Trump withheld approval from a ceasefire MOU that US and Iranian negotiat
Armani Ferrante, founder and chief executive officer of crypto exchange Backpack, said reports that Binance may offer US stock trading would be a market-shifting development if true. Writing on X on May 31, Ferrante said the crypto industry already h
Vietnam is seeking to allow small and medium-sized enterprises to use cryptocurrencies and other digital assets as collateral for bank loans. Vietnam News and other local media reported on May 31 that a draft amendment to the Law on Support for Small
President Donald Trump said the US is close to what he called a “very good deal” with Iran. In a Fox News interview on May 30, Trump said the one guarantee he must secure is that Iran does not have nuclear weapons. He said Iran had agreed to that con
BNB surged about 13%, triggering roughly $12 million in liquidations in the futures market. According to CoinMarketCap, BNB was trading at $739.85 as of 12:40 p.m. in Korea on May 31, up 12.61% from a day earlier. The token has climbed nearly 20% ove
Hyperliquid's HYPE token extended its record-setting rally. CoinMarketCap data on May 31 showed HYPE trading around $68.5, up about 5% from a day earlier. It was the first time the token traded above $68.5. On Polymarket, the odds of HYPE topping $10
President Donald Trump has sought changes to clauses covering Iran’s nuclear program and the Strait of Hormuz in a ceasefire agreement with Tehran, Axios reported. Axios reported on May 31 that Trump instructed aides at a White House meeting on May 2
Binance, the global cryptocurrency exchange, is set to add US stock trading next month. BlockBeats reported on May 31 that the new feature Binance previously teased for June 1 will likely add US stock trading to its main platform and introduce bStock
President Donald Trump has toughened the terms of a ceasefire proposal with Iran, the New York Times reported. Citing multiple sources, the newspaper reported on May 30 that Trump recently added stricter conditions to a tentative agreement aimed at s