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.

Bitcoin pushed above $80,000 before meeting resistance near $82,000 and pulling back, leaving price action choppy. A pseudonymous analyst, HAMED_AZ, pointed to a $70,000–$73,000 demand zone, an ascending trendline, and the 0.5 Fibonacci level around $71,302 as signals that a rebound could still develop.

Nvidia is extending its AI push beyond GPUs into networking, photonics, and custom silicon, backing suppliers including Marvell Technology with about $2 billion. At Computex in Taiwan on June 2, CEO Jensen Huang called Marvell "the next trillion-dollar company," after which Marvell shares jumped more than 12%. Marvell is forecasting Q2 revenue of around $2.7 billion and sees custom-chip revenue topping $10 billion annually by fiscal 2029.