Zcash validators coordinated an emergency protocol upgrade after developers identified a vulnerability in the Orchard shielded pool. The protocol-level change took effect at about 10:30 p.m. Eastern time on June 1, and Orchard transactions were temporarily halted while the fix is deployed. The team said no funds were lost and user privacy was not compromised, with the wider network continuing to operate.

OpenSea has signaled it may add perpetual futures trading using Hyperliquid’s infrastructure, marking a potential move beyond NFTs into crypto derivatives. The tease came in an X post dated June 1, 2026, from product marketing lead Zack Brenner, who also replied “YES” when asked if Hyperliquid would power the feature. OpenSea has not shared a product page, launch date, supported assets, or user terms.

A Polymarket user known onchain as "willo2" lost about $527,000 in a single day after a bet on Strategy’s bitcoin sale deadline resolved. Strategy disclosed in a June 1 Form 8-K that it sold 32 BTC for about $2.5 million, its first bitcoin sale since 2022. The position was tied to whether the company would sell any BTC before May 31, and the filing flipped the outcome.

Bitcoin traded around $68,900 as it fell under $69,000, alongside a sharp jump in exchange inflows. CryptoQuant data shows Binance's 30-day retail inflow sum reached $9.197B at 05:00 UTC on June 1, 2026, the highest level since November 20, 2025. The report also points to heavier exchange deposits from the 6m–12m holder cohort through May into early June 2026.

Crypto analyst Aralez says Bitcoin is approaching a major accumulation area that has mirrored prior bear-market setups and could set the stage for a new ATH in the next bull run. He cites past drawdowns of 87%, 84%, and 77.5% from cycle highs, and notes BTC is about 42% below its October 2025 peak of $126,000. In his projections, a potential bear-market bottom near $40,000 could precede a move that reaches as high as $250,000 by 2029.

The Cardano Foundation announced a partnership with the Brazilian Olympic Committee (COB) on June 2, 2026, outlining a three-year plan centered on identity and certification, fan engagement, equipment tracking, and governance and transparency. The collaboration is intended to apply AI, blockchain, and IoT to sports administration, boost institutional transparency, and expand engagement with athletes, coaches, and fans. The foundation said the process began with a first executive workshop last week, with institutional pilots expected next.

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.