RT Timmy Shen — ICYMI: Highlights from our U.S. session at @TheBlockCo. Standard Chartered said Strategy's recent bitcoin sale could be an early signal that ether may start outperforming. ₿ Strive added 2,500 BTC to its treasury as Michael Saylor's Strategy sold bitcoin. Coinbase said it is investing in ProShares' GENIUS Money Market ETF. Sens. Bernie Sanders and Elizabeth Warren urged the Labor Department to withdraw a proposed rule they said could pave the way for crypto in 401(k) plans. Coinbase has taken a stake in Ethena via an open-market purchase of ENA. Ethena selected Anchorage to provide secure offchain collateral as it expands further into institutional lending. Bitwise CIO Matt Hougan described crypto as a "contrarian bet" as digital asset markets post losses. The U.S. sanctioned Iranian crypto exchange Nobitex and other platforms as part of its "Economic Fury" campaign.

Kuwait International Airport was hit early Wednesday in what state media described as an Iranian drone and missile attack. Authorities said Terminal 1 sustained severe damage, with multiple flights diverted in the aftermath. The strike injured several people and caused significant damage to airport facilities. The incident comes amid escalating tensions as Iran and the U.S. trade military strikes across the region.

BIG: Japan's Tokyo CPI rose 1.3% year over year in May, the slowest pace in four years. The reading marked a sixth consecutive month of deceleration and came in below the Bank of Japan's 2% inflation target.

Spot cryptocurrency ETFs have attracted $18 billion in net inflows year to date, signaling that institutional demand remains intact. Crypto bridge exploits are back in focus after 14 attacks in 2026 resulted in $340.7 million in losses, underscoring renewed security risks. In South Korea, the Bank of Korea is calling for banks to hold a 51% ownership stake in won-denominated stablecoin issuers. The Financial Services Commission (FSC) has pushed back against the proposal.

ETF FLOWS: Solana spot ETFs recorded net inflows on June 2, while Bitcoin and Ether spot ETFs posted net outflows. BTC: $519.19M. ETH: $90.15M. SOL: $6.5M.

Breaking: Tom Lee (@fundstrat)'s Bitmine is sitting on an estimated $8.9B unrealized loss tied to 5,416,901 ETH, a position valued at $10.03B. Michael Saylor (@saylor)'s Strategy is down about $7.6B on its 843,706 BTC holdings, currently valued at $56.26B.

On Dec. 11, GameStop ($GME) reported its highest-ever quarterly net income of $389.6 million alongside a $2 billion share repurchase program extending through 2029. Simultaneously, Reuters reported that SpaceX is targeting a $1.75 trillion valuation for an upcoming IPO scheduled for next week, aiming to raise at least $75 billion. In the digital asset sector, Grayscale's Hyperliquid Staking ETF ($HYPG) is set to begin trading tomorrow with industry-low fees. Regulatory developments include the SEC prioritizing digital assets in its roadmap through 2030 and the U.S. Treasury sanctioning four Iranian crypto exchanges. Furthermore, Citi projected the tokenized asset market could reach $8.2 trillion by 2030, highlighting Chainlink's CCIP. Other major updates include the CLARITY Act's advancement in the U.S. Senate and a new executive order from President Trump focused on AI innovation and security.

GameStop (NYSE: GME) reported the highest quarterly net income in its history, earning $389.6 million. The retailer also approved a $2 billion share repurchase program running through 2029.

A record 21.3% of U.S. credit card holders carried more than $10,000 in debt last year. Total credit card balances rose to nearly $1.25 trillion.