Crypto June 2: BTC under $70K, Mt. Gox moves 10K BTC

Global crypto market on June 2: Bitcoin broke the $70,000 level and slid to $67,468, Mt. Gox moved 10,422 BTC, Strategy disclosed first BTC sale in four years, AI tokens went the opposite way

On Tuesday, June 2, 2026, the crypto market posted its sharpest decline of the month. Bitcoin fell below the $70,000 level for the first time since April 7 - the price was $69,256 at 8:30 a.m. ET and the intraday low reached $67,468, a roughly 6% drop over 24 hours. The main pressure came from two almost simultaneous events - Mt. Gox moved 10,422 BTC (~$739M) at 04:47 UTC, including 10,306 BTC to a completely new address with no prior transaction history, and Strategy Inc. (formerly MicroStrategy) disclosed in an SEC filing its first BTC sale since 2022 - 32 BTC for $2.5M to fund dividend payouts. The sale represents just 0.004% of the company's 843,700+ BTC holdings, but the symbolic effect was crushing. Total 24-hour crypto liquidations exceeded $767M and, by some sources, surpassed $1B, with roughly 86% on the long side. ETH lost 0.90% to $1,977, SOL fell 2.08% to $79, XLM lost over 6%, while SUI and ETHFI fell about 3% each. In contrast, HYPE recovered above $60 after the pressure with a 6% 24h gain and +28% over the month. A standout was the AI token rally - Humanity Protocol (H) jumped 18% Tuesday alone, +278% since May 28. The US spot Bitcoin ETF outflow streak reached 11 consecutive sessions with cumulative outflows above $2.96B since May 15, wiping out 2026 YTD positive ETF flows. The CLARITY Act resumes in the US Senate on June 3, while GENIUS Act PPSI rule public consultations now run through June 9. This is Norriwire's daily review of the June 2 global crypto market - top 15 coins, stablecoins, NFT, ETF flows, security incidents and regulatory news.

Market overview

On Tuesday, June 2, the crypto market posted the sharpest decline of the week, and the entire risk-on space reinforced Extreme Fear sentiment. Total crypto market capitalization fell to roughly $2.52T, reflecting an approximately 2.6% decline over 24 hours. Total 24-hour trading volume was around $117.7B.

The main drivers were two almost simultaneous events that compounded the existing institutional capital outflow pressure. First, Mt. Gox moved 10,422 BTC at 04:47 UTC - the largest movement from the associated wallet cluster in the last two months. Second, Strategy Inc. (formerly MicroStrategy) disclosed in an SEC filing its first BTC sale since 2022. While the sale was minimal - just 32 BTC, or 0.004% of total holdings - the symbolic signal interpreted as the "Saylor sale" triggered institutional trader panic.

Bitcoin dominance hovered around 57-58%, a moderate decline from Monday's 58-59% zone. The main explanation was the HYPE and AI token rally, which redirected capital to the altcoin segment. The CoinMarketCap Altcoin Season Index climbed from 38 points Monday to 45 points Tuesday - signaling rising altcoin strength despite Bitcoin's weakness.

24-hour liquidations were sharply elevated - approximately $767M by some sources, with others pointing above $1B in total. 86% of liquidations were recorded on the long side - reflecting a market in which traders were positioned for an upside continuation but met the abrupt Mt. Gox and Strategy shock. The Crypto Fear & Greed Index fell deeper into Extreme Fear territory - roughly the 18-22 point zone.

The main contrasting signal was the deterioration in the DeFi sector. Total DeFi protocol Total Value Locked (TVL) fell to roughly $78B - the lowest level since October 2024. This signals that the risk-off flow is not limited to institutional capital reallocation but is also weighing on the broader DeFi ecosystem.

This week the US Senate also resumes the CLARITY Act discussions - the Wednesday session that investors will closely monitor. GENIUS Act PPSI rule public consultations led by the Treasury, FDIC and FinCEN have been extended through June 9, a week beyond the original June 1 deadline, to accommodate additional institutional responses.

Top 15 coins on June 2

Prices compiled from Fortune, Yahoo Finance, CoinDesk, Cryptonews, Unchained, Invezz, BNN Bloomberg, Cryptotimes, Bitcoin Magazine and Coingabbar publications on June 2.

1. Bitcoin (BTC) ▼ $67,468-$69,256 (-6% intraday)

BTC traded in a wide $67,468-$71,000 range on Tuesday - a significant expansion compared with Monday's $71,400-$73,568 corridor. The price at 8:30 a.m. ET was $69,256, with the intraday low at $67,468 - roughly a 6% 24-hour drop. This was the first time BTC fell below the $70,000 level since April 7 - about a two-month low.

Market capitalization came in around $1.29T. BTC's technical structure has deteriorated meaningfully - the main support shifted to the $67,000 zone, resistance to $71,500. Main drivers were the Mt. Gox 10,422 BTC movement (a signal of possible creditor repayments beginning), Strategy Inc.'s disclosed 32 BTC sale (first since 2022) and the ongoing ETF outflow streak now at 11 consecutive days.

On-chain data show the price drop triggered cascading liquidations - roughly $767M according to CryptoQuant data, while other sources point above $1B. About 86% were long positions. Mt. Gox still controls 34,504 BTC with an approximate value of $2.43B. Bitcoin network hashrate stays at high levels, signaling miner conviction in long-term prospects.

2. Ethereum (ETH) ▼ $1,977 (-0.90% 24h)

ETH traded around $1,977 Tuesday - a 0.90% drop over 24 hours. Market capitalization was around $232B. The ETH/BTC ratio improved slightly to approximately the 0.0293 zone, reflecting that ETH was relatively more resilient than BTC in this drawdown.

BitMine chairman Tom Lee dismissed concerns about BTC weakness on Tuesday, describing the Strategy sale as "classic bottom behavior." Lee reiterated his long-term ETH call - a $250,000 target driven by corporate validators, DeFi and AI use cases.

CoinShares' previous week report noted Ethereum products posted more than $215M in outflows, adding to the broader digital asset product outflows.

3. Tether (USDT) ◆ $1.00 (stable)

USDT market capitalization on June 2 held around $186-190B. The segment retains a 58-60% share of the stablecoin market. No notable peg dislocations on Tuesday. Tether stays the dominant stablecoin issuer globally, while USAT (Tether's US institutional product via Anchorage Digital Bank) continues to strengthen its GENIUS Act position.

Tether is not a GENIUS Act PPSI-compliant product - a structural difference from USDC and USAT. The global USDT stays outside the federal stablecoin framework, but holds dominance in offshore trading and emerging market segments.

4. XRP ▲ $1.29-$1.32 (relatively resilient)

XRP traded in the $1.29-$1.32 range on Tuesday - relatively more resilient than most altcoins. Market cap around $74B. The main fundamental signal was the CLARITY Act progress with the week's most important US Senate session on June 3. The CLARITY Act will formally classify XRP as a commodity under CFTC jurisdiction.

Ripple announced Tuesday the expansion of RLUSD stablecoin to Turkey with launches on three local exchanges - directly targeting a market with nearly $200B in annual crypto volume. This is a meaningful Ripple geographic expansion signal. XRP ETFs added about $22M in inflows the prior week.

5. USDC ◆ $1.00 (stable)

USDC in circulation on June 2 held around $75.6-78B. The USDT/USDC ratio in the segment is approximately 2.5:1. Circle added roughly $2B in Q1 2026, reaching $78B - driven by institutional demand for regulated assets.

USDC retains a strategic edge as a GENIUS Act-compliant product. Circle proactively built 1:1 backing in T-bills and cash equivalents, institutional custody and monthly attestations before the law formalized these requirements. PPSI rule public consultations now extend through June 9.

6. BNB ▼ $675.40 (-1.1% 24h)

BNB traded around $675.40 Tuesday - a moderate drop from Monday's $682.85 zone. The main technical battle continues in the $665-$685 range. Binance continues teasing new product announcements, but the short-term price suffers from risk-off flows.

7. Solana (SOL) ▼ $79.02 (-2.08% 24h)

SOL traded at $79.02 Tuesday - a 2.08% decline over 24 hours. Solana SOL ETFs added over $15M in inflows the prior week - a positive exception signal despite the price drop. Technical resistance shifted to the $82 zone, support to $76.

Solana Firedancer upgrades continue to advance, but short-term capital rotation toward HYPE and the AI token segment pressures SOL. Arthur Hayes' Monday forecast that HYPE will surpass Solana by the end of the bull market got additional attention Tuesday.

8. Hyperliquid (HYPE) ▲ $60-$62 (recovered after pressure, +28% month)

HYPE recovered above $60 after pressure on Tuesday and traded in the $60-$62 zone with a 6% 24h gain. Over the past month, HYPE is up 28%. Market cap around $14B, holding its top 10 slot.

The main signal - HYPE ETFs (BlackRock BHYP and Bitwise THYP products) attracted $72-75M in inflows the prior week. This was the only positive weekly flow among the major crypto ETF segments. It reflects institutional interest in redirecting capital from BTC/ETH to alternative ecosystem players.

The key risk factor remains - a $684M HYPE token unlock is scheduled for June 6, which could short-term create supply pressure.

9. Dogecoin (DOGE) ▼ $0.0965 (-3% 24h)

DOGE continued to lose value Tuesday - trading around $0.0965 with a 3% 24h drop. Market cap around $14.9B. DOGE stays outside the top 10 after Monday's HYPE flip.

10. TRON (TRX) ◆ $0.355 (stable)

TRX traded in the $0.353-$0.358 range Tuesday - relatively stable over 24 hours. The USDT settlement franchise on the TRON network keeps the main fundamental driver - over $85B in USDT circulates on TRON. TRX stays among the more resilient top 10 assets in Tuesday's correction.

11. Cardano (ADA) ▼ $0.2185 (critical support loss)

ADA lost the critical $0.225 support level on Tuesday and fell to $0.2185 - roughly a 3% 24h drop. Market cap around $7.8B. The Plomin hard fork is fully activated but price reaction stays weak. The main technical battle shifted to the $0.21 zone.

12. Stellar (XLM) ▼▼ -6% 24h (largest top 15 loser)

XLM was one of the biggest top 15 losers on Tuesday - over 6% drop over 24 hours. This continues the unwinding of last month's 102% rally. The price fell below the $0.32 level.

13. Sui (SUI) ▼ $1.00 (-3% 24h)

SUI lost about 3% on Tuesday - trading in the $0.98-$1.03 range. After Sunday's v1.72 network halt incidents and Monday's v1.73 patch, institutional confidence stays weak. Tuesday's market pressure further weighs on price action.

14. Chainlink (LINK) ▼ $8.20 (-1.4% 24h)

LINK traded in the $8.15-$8.28 range Tuesday. The DeFi sector deterioration (TVL fell to $78B) weighs on LINK price, despite stable oracle infrastructure metrics.

15. Avalanche (AVAX) ▼ $8.05 (-1.2% 24h)

AVAX traded in the $8.00-$8.15 range Tuesday. On a monthly view, AVAX stays one of the weakest top 15 assets. Avalanche subnet ecosystem expansion continues, but price action has not followed.

AI token rally - Humanity Protocol +18%, NEAR up, sharp contrast to BTC drop

The main surprise signal Tuesday was the AI token segment, which moved completely opposite to Bitcoin and the broader market. Humanity Protocol (H) jumped 18% Tuesday alone, adding to its prior rally streak - +278% in total since May 28. This is one of the strongest gains in 2026 across any altcoin category.

Near Protocol (NEAR) also joined the upside AI token segment with positive 24-hour performance. This is another signal that capital is rotating from traditional crypto assets to thematic AI infrastructure players.

The main explanation for this contrasting segment is the AI integration narrative continuing to build structural demand. Tom Lee's Tuesday $250,000 ETH target call said that DeFi and AI together are the main long-term driver. This idea adds to the AI token segment's appeal.

Coinbase and OKX in their Tuesday analyst notes stressed that the AI token category could be the biggest challenge to Bitcoin dominance in the second half of 2026. The AI Sector index rose more than 12% Tuesday, well above the broader market's -2.6% performance.

Stablecoins - $322-325B, GENIUS PPSI consultations through June 9

The stablecoin segment on June 2 held around $322-325B - a moderate increase from Monday's $322-323B zone. USDT (Tether) dominates with around $186-190B and 58-60% of the segment. USDC (Circle) holds around $75.6-78B or 23-24%.

Tuesday's most important regulatory event was the GENIUS Act PPSI (Permitted Payment Stablecoin Issuer) rule public consultations led by the Treasury, FDIC and FinCEN now running through June 9. This is a one-week extension of the original Monday (June 1) deadline to accept additional institutional responses.

The main regulatory context stays unchanged - USDC and USAT are technically GENIUS Act-compliant products, while the global USDT structurally stays outside the federal framework. This difference is expected to directly shape US institutional capital flow between stablecoin issuers.

Circulation trends:

• USDT: ~$186-190B (58-60% of segment)
• USDC: ~$75.6-78B (23-24% of segment, +$2B in Q1 2026)
• DAI: ~$5.8B
• USDe (Ethena): ~$5.2B
• PYUSD (PayPal): ~$3.1B
• FDUSD (First Digital): ~$2.8B
• RLUSD (Ripple): Turkey expansion (3 local exchanges)
• USAT (Tether US institutional): ~$1.4B
• SoFiUSD (SoFi Technologies): new launch phase

Ripple's RLUSD expansion in Turkey is a notable signal. Turkey's annual crypto volume reaches nearly $200B - this could potentially open new retail user channels for RLUSD adoption.

NFT market - mixed sentiment, total market ~$2B

The NFT segment on June 2 retained mixed sentiment. The global NFT market cap is around $2.02B based on mid-2026 data. CryptoPunks holds leadership as the largest collection by market cap - around $1.5B.

CryptoPunks floor continues to hover around 30 ETH - Monday's drop to around 29 ETH (at Tuesday's ETH price ~$57,300). However, weekly trading volume stays moderate - the large-transaction count stays low, but a few high-value sales continue setting the floor price level.

BAYC monthly trading volume continues to outpace CryptoPunks. BAYC floor has climbed 81% over the past 30 days - a strong resilience signal continuing with institutional collector demand.

Pudgy Penguins is the standout winner - floor exceeded the 5 ETH level with over 20% weekly gain. 201 sales and nearly 1,000 ETH volume in the past 7 days signal sustained activity, not just price gains in low volume. Pudgy Penguins is becoming one of the strongest NFT-native brands of this cycle, shifting from speculative "digital luxury goods" framing to a multi-vertical IP platform.

However, an important note - global NFT sales and transaction count have nearly halved since February, while average sale prices have more than doubled. This signals market concentration in blue-chip collections with a smaller but wealthier trader base.

ETF flows - 11-day outflow streak, YTD flows negative for the first time

The US spot Bitcoin ETF outflow streak reached 11 consecutive trading sessions on June 2 - the longest streak since the products launched in January 2024. Cumulative outflows since May 15 are above $2.96B. Spot Bitcoin ETF AUM fell from $104B to roughly $94B in under two weeks.

The key milestone - on June 2, US spot Bitcoin ETF YTD flows turned negative for the first time in 2026. This is a significant signal of institutional capital backing away from BTC as a thematic investment product.

In May, US spot Bitcoin ETFs registered $2.43B in net outflows - the largest monthly outflow in 2026 and the worst since November 2025.

BlackRock iShares Bitcoin Trust (IBIT) holds around $52B AUM, still equivalent to roughly 48% of the entire US spot Bitcoin ETF market by assets. The fund continues to suffer heavy redemptions. Fidelity FBTC and Grayscale GBTC have also added to the outflow pressure, signaling the pressure is not limited to retail.

Conversely, Hyperliquid ETFs (BlackRock BHYP and Bitwise THYP products) attracted $72-75M in net inflows the prior week. XRP funds - about $22M. Solana products - more than $15M. These altcoin ETF segments are the only ones with positive flows in the period.

Ethereum products posted over $215M in outflows the prior week, adding to the broader digital asset product outflows.

CoinShares' prior-week report notes total digital asset product outflows exceeded $1.2B - the first large weekly outflow event at this pace in 2026.

Security incidents - DeFi TVL fell below $78B, bridge vulnerabilities continue to dominate

Tuesday's most important security trend was the DeFi sector deterioration. Total DeFi protocol Total Value Locked (TVL) fell to around $78B - the lowest level since October 2024. This signals that the risk-off flow is not limited to institutional capital reallocation but is also weighing on the broader DeFi ecosystem.

Total 2026 DeFi loss reached over $1B in the first four months. April was the worst month on record - approximately 28-30 separate exploit events with losses in the $606-$651M range.

Key 2026 security incidents in the first months:

• KelpDAO LayerZero bridge: $292M loss (April 19) - largest hack 2026.
• Drift Protocol (Solana DEX): $285M loss (April 1) - Lazarus Group socially engineered over six months.
• Cross-chain bridges: the main 2026 attack target.

Tuesday's continuing incidents:

• Gravity Bridge (Ethereum-Cosmos): investigation into Sunday's $5.4M private key compromise continues. Bridge operations remain paused.
• StablR protocol: $2.8M extraction. Euro and Dollar stablecoin depeg continues.
• Squid routing fake module: $3.2M identified from institutional Safe wallets.
• Sui v1.73 patch: stable operations continue after Monday's deployment.

40+ DeFi protocols have closed or paused operations this year - infrastructure consolidation continues.

Regulatory news - CLARITY Act in Senate June 3, GENIUS PPSI through June 9

The US regulatory apparatus on Tuesday is preparing for the key Wednesday milestone - on June 3 the US Senate resumes CLARITY Act (Digital Asset Market Clarity Act) discussions. This is a key event, since the Senate Banking Committee already advanced its version on a 15-9 vote along party lines.

CLARITY Act progress continues through the Senate, targeting a floor vote by August. The Senate needs 60 votes to pass the bill - that means Republicans need to secure at least seven Democratic or independent votes. The current ethics provisions negotiation will be the main driver of the final outcome. The White House target is for the president to sign the CLARITY Act by July 4, 2026.

GENIUS Act PPSI rule public consultations led by the US Treasury, FDIC and FinCEN now run through June 9. The original June 1 deadline was extended by one week to accept additional institutional responses. Final GENIUS Act rule effective date is expected later in 2026, with full rule implementation through January 18, 2027.

SEC Chair Paul S. Atkins continues to advance the "Project Crypto" initiative. The PARITY Act continues to advance in Congress, proposing wash sale rule application to digital assets.

The UK continues to enforce Sunday's sanctions on HTX, EXMO and Bitpapa offshore exchanges and brokers. Spain continues the embargo on Polymarket and Kalshi prediction markets.

Corporate treasury events - Strategy first BTC sale in four years, Strive continues SATA strategy

The main corporate event Tuesday was Strategy Inc.'s (formerly MicroStrategy) disclosed 32 BTC sale documented in an SEC filing. This is the first BTC sale since 2022 and turned out almost symbolic - 32 BTC for $2.5M, reflecting just 0.004% of the company's 843,700+ BTC holdings.

The main explanation - the sale purpose was to fund dividend payouts. However, institutional traders interpreted the event as a signal that even Strategy stays cautious on the long-term Bitcoin outlook. BitMine chairman Tom Lee dismissed these concerns Tuesday, describing the move as "classic bottom behavior" and reiterating his long-term $250,000 ETH target.

Strive Inc.'s SATA dividend instrument approach continues to draw institutional attention as an alternative treasury model. After Sunday's 490 BTC purchase, Strive continues smaller-scale accumulation targeting expanded total holdings.

DDC Enterprise, Hyperscale Data and Metaplanet in Japan continue smaller-scale non-dilutive balance-sheet purchases. On a monthly view, total corporate treasury accumulation runs in the 1,200-1,500 BTC range - balancing Strategy and Strive's submitted accumulation pace.

Macro context - Brent above $91, high US bond yields continue

The main June 2 macro context retains combined pressure on risk-on assets. Brent crude held above $91 per barrel Tuesday, with WTI in the $87-$88 range. Oil prices stay elevated despite Monday's Trump and Iran technical 60-day ceasefire extension signing.

The key sticking points between the US and Iran - Iran's nuclear weapons renunciation, the release of $12B in frozen assets and the lifting of the Hormuz blockade - remain unresolved. The Hormuz Safe initiative neutralized by the US stays disabled. Operation Economic Fury, which seized $1B in Iranian crypto on Sunday, stays active.

April PCE inflation data (3.8% YoY, core 3.3%) continues to shape the Federal Reserve policy outlook. The US 30-year Treasury yield stays above 5.10% - which continues to offer an attractive risk-free alternative to crypto assets. Equity markets reached new records Tuesday - the S&P 500 continued its nine-week winning streak.

Market participants now target the June 6 FOMC meeting preview signals. This is the key event of the week that will set further capital flow direction.

Key numbers - June 2

Top 15 coins

• ▼ BTC $67,468-$69,256 · -6% intraday · 24h range $67,468-$71,000
• ▼ ETH $1,977 · -0.90% 24h · ETH/BTC ~0.0293
• ◆ USDT $1.00 · stable · $186-190B in circulation
• ▲ XRP $1.29-$1.32 · relatively resilient · RLUSD expansion in Turkey
• ◆ USDC $1.00 · stable · $75.6-78B in circulation
• ▼ BNB $675.40 · -1.1% 24h
• ▼ SOL $79.02 · -2.08% 24h
• ▲ HYPE $60-$62 · +6% 24h · +28% month · HYPE ETF +$72-75M week
• ▼ DOGE $0.0965 · -3% 24h
• ◆ TRX $0.355 · stable 24h
• ▼ ADA $0.2185 · lost critical $0.225 support
• ▼▼ XLM -6% 24h · largest top 15 loser
• ▼ SUI $1.00 · -3% 24h
• ▼ LINK $8.20 · -1.4% 24h
• ▼ AVAX $8.05 · -1.2% 24h

Legend: ▼ down · ▲ up · ◆ stable · ▼▼ sharp down

BTC additional context

• BTC 8:30 a.m. ET price: $69,256
• BTC intraday low: $67,468 (~6% drop)
• BTC first time below $70,000 since April 7
• BTC 24h range: $67,468-$71,000
• BTC main support: $67,000
• BTC main resistance: $71,500
• BTC market cap: ~$1.29T
• Mt. Gox moved 10,422 BTC (~$739M) at 04:47 UTC
• Mt. Gox still controls 34,504 BTC (~$2.43B)
• Strategy sold 32 BTC for $2.5M (first since 2022)
• Strategy holdings after sale: 843,700+ BTC

Market indicators

• Total market: ~$2.52T (-2.6% 24h)
• Total 24h trading volume: ~$117.7B
• BTC dominance: ~57-58%
• Stablecoin segment: $322-325B
• 24-hour total liquidations: $767M - $1B+
• Long positions in liquidations: ~86%
• Altcoin Season Index: 45 (from 38 points Monday)
• DeFi TVL: ~$78B (lowest since Oct 2024)
• Crypto Fear & Greed Index: 18-22 (Extreme Fear)

ETF flows

• US spot Bitcoin ETF: 11 consecutive days outflow streak
• Cumulative outflows since May 15: $2.96B+
• Spot Bitcoin ETF AUM: fell from $104B to $94B
• 2026 YTD ETF flows: negative for the first time
• May outflows: $2.43B (2026 record)
• BlackRock IBIT AUM: ~$52B (48% of market)
• Hyperliquid BHYP+THYP ETF weekly inflows: $72-75M
• XRP fund weekly inflows: ~$22M
• SOL fund weekly inflows: >$15M
• ETH product weekly outflows: >$215M
• Total weekly digital asset outflows: >$1.2B

Corporate treasury

• Strategy Inc. sold 32 BTC for $2.5M (first BTC sale since 2022)
• Strategy Inc. total holdings: 843,700+ BTC
• Strive Inc. Sunday purchase: 490 BTC (via SATA)
• Strive Inc. total holdings: ~16,500 BTC
• Tom Lee (BitMine): "classic bottom behavior," ETH $250K target

AI token segment

• Humanity Protocol (H) +18% Tuesday, +278% since May 28
• Near Protocol (NEAR) up over 24h
• AI Sector index: +12% 24h (vs. market -2.6%)

Regulatory news

• June 3: US Senate resumes CLARITY Act discussions
• CLARITY Act signing target: July 4, 2026
• June 9: GENIUS Act PPSI rule consultations end
• GENIUS Act final rules: through January 2027
• SEC continues "Project Crypto" initiative (Atkins)
• PARITY Act - wash sale for digital assets (in Congress)
• UK continues sanctions on HTX, EXMO, Bitpapa
• Spain continues embargo on Polymarket and Kalshi
• Ripple announces RLUSD expansion in Turkey (3 local exchanges)

Token unlock events of the week

• Total token unlock value: ~$700M
• June 6: HYPE unlock $684M (main event)
• Other smaller unlocks: SUI, ARB, IMX

Stablecoin news

• USDC: ~$75.6-78B (+$2B Q1 2026)
• USDT: ~$186-190B (retains global dominance)
• USAT (Tether US): GENIUS-compliant
• RLUSD: Turkey expansion with 3 local exchanges
• SoFiUSD continues ecosystem build (15M customers)
• DAI: ~$5.8B, USDe: ~$5.2B
• Yield-bearing stablecoin forecast: >$50B 2026

Security incidents (continuing)

• 2026 DeFi total stolen: over $1B in first 4 months
• KelpDAO LayerZero bridge: $292M (largest 2026)
• Drift Protocol: $285M (Lazarus Group)
• Gravity Bridge: $5.4M investigation continues
• StablR protocol: $2.8M extraction
• Squid fake module: $3.2M from Safe wallets
• DeFi TVL: ~$78B (lowest since Oct 2024)
• 40+ DeFi protocols closed or paused in 2026

Market context

• Brent crude: above $91/barrel
• WTI crude: $87-88/barrel
• US 30-year Treasury yield: above 5.10%
• Trump and Iran signed 60-day ceasefire extension
• CryptoPunks floor: ~29-30 ETH
• CryptoPunks market cap: ~$1.5B (largest NFT collection)
• BAYC monthly floor gain: +81%
• Pudgy Penguins floor: over 5 ETH (+20% week)
• Global NFT market cap: ~$2.02B
• June 6: FOMC meeting preview signals

Key altcoin and AI events

• Humanity Protocol (H) +18% Tuesday, +278% since May 28
• HYPE recovered above $60 with +6% 24h, +28% month
• XRP relatively resilient - CLARITY Act in Senate June 3
• Ripple announces RLUSD expansion in Turkey
• XLM largest top 15 loser - 102% rally unwind
• ADA lost the critical $0.225 support level
• Tom Lee statement: ETH $250K target (BitMine)

This is Norriwire's daily global crypto market review. All price and flow data have been verified against Fortune, Yahoo Finance, CoinDesk, Cryptonews, Unchained, Invezz, BNN Bloomberg, Cryptotimes, Bitcoin Magazine, CoinShares and Coingabbar publications. Model: claude-opus-4-7. Author and reviewer: Toms Ābeltiņš.

Sources

• Fortune - Current price of Bitcoin for June 2, 2026
• Yahoo Finance - Bitcoin and ethereum prices today June 2 2026 Bitcoin slides below 70000
• CoinDesk - Bitcoin drops toward $69,000 as Saylor sale spooks investors
• Unchained - Bitcoin slides to two-month low near $70,000 as Strategy sells BTC
• Invezz - Bitcoin sinks below $67K as liquidations mount and ETF outflows grow
• Cryptotimes - Bitcoin Price Plunges Below 70K as Mt. Gox Transfers and Strategy Sale