Ethereum (ETH) fell below the $2,000 level for the first time since March, as the market weighed renewed downside risk against signs of institutional accumulation. BitMine Immersion Technologies, chaired by Fundstrat's Tom Lee, bought 26,497 ETH (about $52 million) last week after nearly 112,000 ETH the week before, while commentary cited potential levels ranging from $1,530 downside to $2,500 resistance.

Ripple said it expanded its USD-backed stablecoin RLUSD into Türkiye on June 2, 2026, listing it through local partners BiLira, Bitexen, and Bitlo. The company is targeting a market it says sees nearly $200 billion in annual crypto transaction volume and is currently led by USDT and USDC. Ripple also cited RLUSD’s $1.7bn+ market cap as part of its broader global rollout.

Cango Inc. (NYSE: CANG) posted an unaudited Q1 2026 net loss of $261.1 million, which it attributed largely to non-cash bitcoin-related accounting items rather than core operations. The company reported $102.0 million in revenue and reduced long-term debt from $557.6 million to $30.6 million after selling roughly 4,451 BTC. It also said it began pilot deployments of its EcoHash GPU compute offering aimed at AI inference and high-performance computing workloads.

XRP slipped to $1.27 as on-chain metrics showed a sharp jump in exchange flows, with 22.80 million tokens recorded as the biggest daily net inflow of 2026. The move was followed by a net withdrawal of 25.24 million XRP, shifting the balance negative and suggesting reduced sell-side pressure. Price action remained range-bound, with $1.13–$1.21 noted as support and $1.4–$1.50 as a resistance area.

Bitcoin fell below $70,000 on Tuesday, touching an eight-week low of $69,390 after dropping about $4,000 in under 48 hours and briefly pushing its market cap under $1.4 trillion. The move triggered more than $470 million in liquidations over 24 hours, with roughly $455 million coming from long positions. Traders also debated the impact of Strategy's 32 BTC sale for $2.5 million and whether the decline is a larger breakdown or a typical bull-market pullback.

CME Group's crypto futures and options have traded continuously since 4:00 p.m. CT on May 29, setting up the first full week without the traditional weekend CME gap. In the first 48 hours, more than 7,200 contracts traded (about $50 million notional) as Bitcoin nearly lost the $70,000 level while U.S. equities closed at record highs on June 1.

AI-based forecasts for June 30, 2026 suggest XRP could finish the month below $1.2, with an average target of $1.18 versus a $1.26 spot price. Individual model estimates range from $1.15 (Gemini 3 Flash) to $1.22 (ChatGPT 5.2), while Grok 4.1 points to $1.18. XRP was down 3% over the prior 24 hours as broader crypto weakened, with the $1.26–$1.27 band framed as a key support area.

Solana ranked first across all chains for May app revenue at $90.62 million, while SOL still closed May with its eighth consecutive red monthly candle. The slide began in October with SOL around $220 and ended May near $82, as spot Solana ETFs posted $115.34 million in cumulative inflows without any outflow days during the month.