Coinbase Ventures purchased Ethena’s ENA token on the open market as Coinbase and Ethena prepare to roll out new onchain finance and digital savings offerings. Ethena said an initial growth initiative is expected to launch next week and could make its products available to Coinbase’s user base of more than 100 million people. The update comes as Ethena reported USDe supply above $1B and outlined recent expansion across Solana and multiple partner venues.

Bitcoin slid to just over $61,000 on Bitstamp, marking its first dip to that level in four months and extending the latest downturn. The move fueled $1.61 billion in liquidations over the past 24 hours, with more than 270,000 traders wiped out and $1.35 billion coming from long positions.

Ethereum fell to $1,720 on Coinbase in early Thursday trading before rebounding above $1,800, marking its lowest level since April 2025. Analysts cited macro risk-off conditions and diverging signals in staking and onchain activity, while the broader crypto market dropped about $100 billion to $2.3 trillion.

Veteran trader Peter Brandt said on June 4, 2026 that Bitcoin could still fall further and potentially face a "terminal wash-out," adding he does not expect a tradable low until October. He also pointed to a break below an ascending channel that guided price action from late February through May, which he views as confirming a trend reversal.

Bitcoin has slipped below $66,000, with the selloff testing support areas last seen near the start of this year's recovery. On June 2, CryptoQuant data showed the "STH Loss to Binance" metric at -16,400 BTC, the most negative reading since February 6, pointing to short-term holders exiting at a loss. The report also flagged broader exchange outflows and a key demand zone near $64,500–$66,500 as traders watch whether BTC can stabilize.

The U.S. Treasury's OFAC expanded crypto-related sanctions to include Iran's Nobitex and said it will also target Wallex, Bitpin, and Ramzinex. According to the U.S. Treasury, Nobitex handled 50% of Iranian crypto inflows in 2025, with some funds reportedly linked to the Iranian military and the IRGC. The move follows a report that the U.S. seized $1 billion in crypto allegedly tied to the Iranian government, while Iran's embassy in Japan rejected the U.S. framing and said the measures aim to collapse Iran's economy.

Bitcoin fell to $61,400 on 4 June 2026 before rebounding to $63,799, while key chart levels highlighted $64,846 as overhead resistance and $59,948 as the next reference below. Over the prior 24 hours, 271,562 traders were liquidated for $1.61B, with $1.35B from longs and $255.60M from shorts. The daily RSI printed 18.33, and miner inflows to Binance reached 24,716 BTC on June 2.

Spot Gold (XAU/USD) is locked in a tight, high-stakes consolidation pattern, trading at $4,482.00 (+0.34%) on June 4, 2026. For everyday traders, the message on the charts is clear: the big safe-haven boom we saw earlier this year has cooled off. Instead, gold is now dealing with the harsh reality of sticky U.S. living costs and a very strong American dollar.