Radiant Capital (RDNT) said on June 2, 2026 that it will shut down its DeFi lending protocol, after an October 2024 attack that drained $50,000,000. The project said the breach involved malware that led developers to sign "poisoned" transactions while Safe {Wallet} appeared to show legitimate details. On-chain tracking later indicated the stolen funds were converted into about 21,957 ETH, with selling activity beginning in August 2025.

The crypto market extended a broad sell-off ahead of press time on June 2, 2026, with total market cap down 4.5% over 24 hours, wiping out about $110 billion. Market value slipped from $2.5 trillion on June 1 to $2.39 trillion on June 2, as Bitcoin fell 5% below $70,000 and Ethereum traded back under $2,000.

A Mt. Gox-linked cold wallet shifted 10,422.65 BTC at about 04:47 UTC on June 2, splitting the transfer into two outputs. The move sent 10,306.35 BTC (about $731 million at the time) to a newly seen address and 116.30 BTC (about $8.25 million) to another Mt. Gox-associated wallet, with no clear signs the funds were routed to major exchanges.

Ethereum is trading near $2K after being rejected around the $2.4K resistance area, leaving price sitting on a long-term support confluence that includes an ascending trendline and the $1.8K demand zone. If that cluster breaks, the analysis flags potential downside toward the next support near $1,500, while a recovery would first need to reclaim $2.4K, with $4.8K outlined as a higher target. Sentiment remains cautious as the Coinbase Premium Index has stayed negative through May and recently slipped toward about -0.13, indicating weaker U.S. spot demand.

Cardano's ADA showed mixed signals as CME Group's 24/7 crypto futures and options schedule is set to begin on May 29, while on-chain activity strengthened. Active addresses rose 14% to 17,500 and the 10M–100M ADA cohort increased its supply share from 36.48% to 37.23% over three weeks. Analysts outlined key levels near $0.28 resistance and $0.2 support as the token trades in a hesitant range.

Bitcoin fell below $70,000 and was trading at $69,397 as the Bitcoin Rainbow Chart placed it under the model's lowest projected valuation band for late June. The chart's June 30 projection suggests BTC would need to be around $78,900 to enter the "Bitcoin is dead" zone, while higher bands range from about $105,000 to above $1.23 million. The model is presented as a long-term sentiment and valuation gauge rather than a short-term price target.

Solana recorded $91 million in application revenue in May, topping all tracked blockchains and exceeding Ethereum's $52 million. SOL was trading near $81 after eight consecutive monthly declines, even as Solana's fee-derived app revenue continued to lead other networks.

On June 2, Mt. Gox moved 10,423 BTC (about $739 million) from its cold wallet to a new address, followed two hours later by a separate 116.29 BTC transfer valued near $8.07 million. The exchange’s cold wallet was shown holding roughly 34,504 BTC worth over $2.4 billion at publication, as the court-approved repayment deadline stands at October 31, 2026.