Bitcoin fell to $65,707 on June 3, dropping 7% in 24 hours and more than 12% over seven days, alongside $1.85 billion in crypto liquidations. The report argues the move was driven by excessive derivatives leverage rather than Strategy's disclosed sale of 32 BTC to fund preferred dividend payments. It also notes Mt. Gox-related wallet transfers worth about $739 million added to sentiment, while saying a transfer alone is not proof of selling.

Ripple said it expanded its USD-backed stablecoin RLUSD into Türkiye on June 2, 2026, listing it through local partners BiLira, Bitexen, and Bitlo. The company is targeting a market it says sees nearly $200 billion in annual crypto transaction volume and is currently led by USDT and USDC. Ripple also cited RLUSD’s $1.7bn+ market cap as part of its broader global rollout.

The TON Foundation is renaming its native token from Toncoin to Gram, reviving the label tied to Telegram's 2018 blockchain effort and aiming at Telegram's 900 million monthly active users. The foundation says the move is branding-only with no token swap, migration, or new issuance, and it will roll out over about three weeks across wallets and apps. After the announcement, TON rose 19% to around $2.21 before easing back toward $2.00.

On June 2, 2026, Bitcoin briefly slipped under $70,000 for the first time since April, with liquidation totals reaching $766 million. The move coincided with Mt. Gox shifting 10,306 BTC ($731 million) and renewed attention on Strategy's 32 BTC ($2.5 million) sale, while geopolitical headlines also added uncertainty.

On June 2, Bitcoin slid toward $69,950 after the Mt. Gox rehabilitation estate moved 10,422 BTC—about $739 million—from cold storage into multiple newly created, unmarked addresses. BTC dropped from $71,000 to an intrahour low near $69,950 as traders reacted to the transfer, while on-chain data showed no immediate surge in exchange inflows.

The US Senate has returned from recess with the Digital Asset Clarity Act prioritized, a proposal that would prohibit the Federal Reserve from issuing a retail CBDC without explicit congressional authorization. The bill previously passed the House in July 2025 and later advanced through Senate Agriculture in January and Senate Banking in May on a 15–9 vote, with some lawmakers now projecting a possible floor vote by August. Supporters argue the change would favor private stablecoin issuers such as USDT and USDC, while negotiations are expected to hinge on provisions including ethics language and rules around yield or rewards.

President Donald Trump has signed an executive order directing U.S. regulators, including the Treasury Department, to tighten fraud screening and customer-identification checks for undocumented immigrants seeking financial services. Commentators and policy analysts say stricter access to legacy banking could steer more cash-reliant users toward crypto rails such as stablecoins and Bitcoin ATMs, while BTC trades around $73,400–$73,900 after rebounding from $72,600.

The Digital Asset Market Clarity Act (CLARITY Act) proposes a broader U.S. framework that separates certain investment-contract assets under SEC oversight from digital commodities under CFTC oversight via a decentralization certification pathway. It keeps Bank Secrecy Act duties, FinCEN authority, and Treasury sanctions tools in place, while calling for studies on foreign-adversary risks tied to digital-asset intermediaries. On May 28, 2026, Senators Elizabeth Warren and Cynthia Lummis published opposing views on whether the bill would weaken illicit-finance safeguards or improve consumer protections in bankruptcies.

South Korea's Seoul Southern District Prosecutors' Office arrested five suspects on May 11, 2026, and indicted them on May 27, 2026, in what it described as the country's first criminal rug-pull case tied to a decentralized exchange. Prosecutors allege the group manipulated CATFI on a Solana-based DEX, draining liquidity and causing 256 investors to lose a combined 900 million won ($600,000) while the organizers made about 400 million won ($260,000).