In crypto information right this moment (June 3), crypto is proving the outdated adage of ‘Promote in Could and go away,’ as June continues its bearish development all through crypto. Bitcoin crashed beneath $67,000 in a single day, falling by -4.2% over the previous 24 hours. The crash triggered greater than $1.8Bn in every day liquidations, with over $1.54Bn of that determine being lengthy trades.
This worth motion hasn’t been helped by ETF flows, with an additional $500M+ exiting the assorted Bitcoin ETF merchandise, taking the ten-day whole to over $3Bn, a determine that’s solely including to the brutal promote strain throughout the market.
This crash started on June 1 and has been exacerbated by information that Michael Saylor and Technique offered Bitcoin for the primary time ever, by Iran and the US persevering with their battle within the Center East, and by damaging ETF flows.
Each day buying and selling quantity has surged on this crash, exceeding $143Bn prior to now 24 hours, up from $120Bn yesterday. This surge in quantity is usually merchants offloading baggage in anticipation of a deeper drop.
Crypto News Today: Iran Assaults US Bases in Bahrain and Kuwait in Response to US Strikes
It has been reported in a single day that Iran launched an enormous ballistic missile and drone assault, placing the US fifth Fleet headquarters in Bahrain together with US bases in Kuwait and an oil tanker close to Dubai, in response to new US strikes on Qeshm Island and an Iranian oil tanker close to the Strait of Hormuz.
Iran says it has formally deserted tit-for-tat retaliation, now placing again “at least 1.5x as hard” for each US assault, with the IRGC warning “disrupting the security of the Strait of Hormuz will have a heavy price for the invading US military.”
With this recent wave of assaults throughout the Center East, negotiations for peace appear additional away than ever, and the market is clearly spooked by a wider breakout of battle, as evidenced by the crypto crash in a single day.
Iranian drones hit the passenger terminal at Kuwait Worldwide Airport in a single day, injuring a number of folks, inflicting main harm, and shutting down all flights.
Terminal 1 had solely reopened on Monday. It was broken in a earlier Iranian assault again in February.
That is…
— Mario Nawfal (@MarioNawfal) June 3, 2026
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Crypto News Today: Worry & Greed Index Crashes to 11/100 as BTC Loses $67,000
The Crypto Worry & Greed Index is at 11/100, down from 23/100 yesterday, and firmly again into Excessive Worry territory, as Bitcoin crashed beneath $67,000 in right this moment’s EU morning buying and selling session.
A mixture of the continued US-Iran battle, Saylor promoting Bitcoin, and bleeding in Bitcoin and Ethereum ETFs is inflicting renewed worry all through crypto, with over $1.8Bn in liquidations throughout the market since yesterday.
Whereas traditionally the most effective shopping for alternatives have come when the index is at these ranges, with a lot international uncertainty, this may very well be an unprecedented interval for crypto, and the downtrend might proceed for much longer.
(SOURCE: Worry & Greed Index)
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$1.8Bn in Liquidations Pile Up as Merchants Fear That $50K Bitcoin is Subsequent
In different crypto information right this moment, this recent drop throughout the market was fuelled by a cascade of liquidations that noticed round $1.8Bn liquidated over the previous 24 hours, with over $1.53Bn of that from lengthy positions, highlighting simply how optimistic market contributors nonetheless are.
BTC USD accounts for over $800M of that liquidation determine, with ETH subsequent at $474M, Solana is the following largest perpetrator behind the quantity, with greater than $80M in positions liquidated in a single day.
Till merchants cease longing each dip, liquidations will seemingly proceed, as these positions are fuelling every crash. Funding might want to reset earlier than a backside will be discovered, and till then, requires $50K Bitcoin will proceed to be heard.
(SOURCE: CoinGlass)
UK Soccer vs. Crypto Shirts: Why Your Membership’s Sponsor May Be Breaking the Legislation
The Monetary Conduct Authority has despatched a proper warning letter to British soccer golf equipment, primarily these within the Premier League, warning that sponsorship offers with unauthorized worldwide crypto companies and buying and selling platforms could breach UK regulation.
The timing is deliberate: with England, Scotland, and different house nations heading to the US, Mexico, and Canada for the 2026 FIFA World Cup, which kicks off on June 11, regulators need the issue addressed earlier than the advertising frenzy begins.
Learn the complete story right here.
Solana Grows Up: Can Native Subscriptions Substitute the Meme Coin On line casino?
Solana has launched native subscription and recurring cost infrastructure instantly on its blockchain, audited by safety companies Cantina and Spearbit, dwell on mainnet, and already being built-in by corporations together with Helius, Confirmo, and Dynamic.
It arrives at a pointed second: SOL’s on-chain DEX quantity has dropped greater than 86% from its meme coin peak in early 2024, when every day volumes briefly topped $3–4 billion and Solana overtook Ethereum in spot buying and selling exercise.
Learn the complete story right here.
Can CME 24/7 Futures Save XRP Ripple because it Crashes to $1.24
XRP Ripple is hovering round $1.4, down roughly -1.6% over 24 hours, and the query hanging over each XRP holder proper now’s whether or not a landmark infrastructure improve can lastly break the coin’s cussed vary. CME Group simply went dwell with 24/7 crypto futures and choices buying and selling on June 1, with Ripple Prime stepping in as a day-one clearing and financing associate.
That’s a genuinely large deal for institutional entry. Whether or not XRP’s worth really agrees is a special dialog. Ripple Prime’s Worldwide CEO Mike Higgins introduced the launch on X: “CME Group is officially live with 24/7 crypto futures & options trading, providing around-the-clock access to crypto derivatives.”
Learn the complete story right here.
Can Sugarcane Really Energy Bitcoin? Inside Tether New Brazil Mining Play
Tether, the corporate behind the world’s largest stablecoin, is making ready to mine Bitcoin utilizing electrical energy generated from sugarcane waste in Brazil, and the pilot is about to go dwell by July 1, 2026. The operation, run by way of Tether-backed agribusiness Adecoagro, will begin with 10 megawatts of capability and roughly 1,280 Bitcoin mining machines powered totally by biomass power from sugarcane processing.
Adecoagro already operates greater than 230 megawatts of renewable electrical energy technology capability throughout South America, giving the mission a longtime power platform earlier than a single mining rig is switched on. The ten-megawatt pilot is a small slice of that, intentionally so. It is a take a look at, not a full rollout.
Learn the complete story right here.
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