Internet Computer (ICP) posted a double-digit gain even as the broader crypto market logged about $53 billion in outflows over the past 24 hours. Derivatives data showed Open Interest topping $15 million with a positive weighted funding rate, while spot flows pointed to five days of accumulation totaling $5.67 million ahead of the move. The Long/Short Ratio reached 1.12 for the first time since April 18, with buying leading on most major exchanges except Binance.

The global digital asset market experienced a sharp programmatic shakeout over the last 24 hours, with Ethereum (ETH) bearing the brunt of high-beta liquidations. ETH slumped 9.21% in 24 hours, skidding down to $1,816.42 amid an intense wave of derivatives volume that topped $71.60 billion. The digital asset’s market capitalization settled at $219.35 billion.

On June 3, 2026, crypto firms highlighted a broader move to use XRP for corporate treasury functions, including reserves, payroll and cross-chain liquidity, beyond Ripple's own ecosystem. Anodos Finance CEO Panos Mekras said the firm has bought, held and paid employees in XRP since 2023, and views the token as a key asset used across multiple networks. The narrative is shifting from speculative positioning to operational use tied to interoperability and settlement across different blockchains.

Ethereum fell below $1,950 after failing to hold above $2,000, then printed a low at $1,836 before consolidating under $1,920. The price remains below the 100-hour SMA, with resistance clustered at $1,880, $1,900, $1,920 and $1,950, while $1,840 and $1,820 are the key supports.

Ripple said on June 1 that CME Group's move to 24/7 crypto futures and options trading reflects institutional demand, pointing to XRP futures activity as an example. Ripple Prime, previously known as Hidden Road, is acting as a day-one clearing and financing partner for the expanded schedule. Ripple also noted that XRP futures were the fastest CME contracts to reach $1 billion in open interest, doing so in three months last year.

XRP slipped below the $1.30 support and traded near $1.26 while remaining inside a descending channel that has pressured price since mid-May. Ripple placed 700 million XRP into escrow across 500 million, 100 million, and 100 million transactions, and XRP ETFs recorded $4.13 million in inflows, lifting total AUM to $1.11 billion. Derivatives signals were split, with Open Interest up 2.12% to $985.63 million while Funding Rates fell 78.08% to 0.002696.

Ethereum co-founder Vitalik Buterin reposted a prior idea to move stablecoins away from using the U.S. dollar as the default reference point. He proposed user-specific baskets of prediction market shares, assembled from each person's spending patterns, as the stability anchor. The post also revisits his earlier concerns about USD dependence, oracle security, and incentives when staked ETH is used as collateral.

Bitcoin and Ethereum recorded nearly $1.5 billion in combined weekly outflows, while XRP moved the other way with $20.3 million in inflows. Month-to-date XRP inflows reached $159.5 million and year-to-date totals rose to $311 million, highlighting continued demand as larger assets saw withdrawals.