On June 2, Bitcoin (BTC) extended its decline, slipping under $70,000 and briefly trading in the $69,000 area as broader market sentiment turned risk-off. Analysts pointed to a break of a key support region, while ETF outflows and weakening momentum indicators continued to pressure price action.

Coinbase has launched direct Indian rupee (INR) banking rails in India, enabling users to deposit and withdraw funds via the Immediate Payment Service (IMPS). The rollout also introduces dedicated INR order books and keeps access to spot trading, perpetual futures, and Coinbase Advanced as the exchange expands its push in the country.

Paxos said its subsidiary Paxos Securities Settlement Company (PSSC) has received U.S. Securities and Exchange Commission registration to operate as a clearing agency and central securities depository in the United States. The company described the approval as the outcome of seven years of engagement with regulators, building from a 2019 no-action letter and a live settlement program it has run since February 2020.

On May 26, OKX introduced Exchange OS, an upgrade to its Ethereum-compatible X Layer network that lets developers and institutions launch their own onchain trading venues using OKX's exchange-grade stack. The framework supports spot markets, perpetual futures, and prediction markets, with shared liquidity, settlement, and risk controls across deployments. OKX said the first Exchange OS-based venue is planned for June, and OKB was trading at $94.21 on May 26, up 13% over 24 hours.

A trader opened a large bearish Ethereum derivatives position on Hyperliquid, shorting about 47,604 ETH with 23x cross leverage on May 25. The trade’s average entry was $2,094.92 and its liquidation level was set at $2,149.84, leaving roughly $33 of room when ETH traded near $2,116. The position was showing an unrealized loss of more than $600,000 as traders watched for a move toward key resistance.

Bitcoin hovered above $77,000 as more than $1.8 billion in BTC and ETH options were set to expire on May 22. Derivatives positioning showed longer-term bullish targets near $90,000 even as institutions added short-term downside hedges into month-end.

XRP saw 4,300 newly created wallets in a single day, ranking as its fourth-largest daily network-growth surge of 2026. The move came as XRP traded around $1.36 on May 22, down 1% in 24 hours while weekly and monthly losses reached 7.5% and 6.5%, respectively.

Iran has rolled out a maritime insurance platform linked to cargo transiting the Strait of Hormuz, with reports saying related payments can be settled in Bitcoin. The initiative, promoted by Iranian state-linked outlets, is presented as an alternative to dollar-based infrastructure while raising unresolved questions around sanctions exposure and legal protections.

Bitcoin traded slightly above $80,000 as $2.6 billion in crypto options were set to expire on Deribit, with traders bracing for near-term volatility. BTC again failed to retake $82,000 while ETH struggled around $2,300; at press time on May 15 BTC was $80,347.48, up 0.9% in 24 hours. The setup came after the U.S. Senate Banking Committee advanced the CLARITY Act in a 15-9 vote on May 14.