The latest crypto sell-off cut total market capitalization by more than 7%, falling from above $2.50 trillion to $2.32 trillion at press time. Bitcoin drove much of the decline, with price moving from above $77K to $67K and market cap shrinking from $1.50 trillion to $1.34 trillion. Derivatives saw over $700 million in long liquidations in the past 24 hours, including $283 million in a single hour.

The US Treasury's OFAC sanctioned Iran's largest crypto exchange Nobitex and three other platforms—Wallex, Bitpin, and Ramzinex—under the Trump administration's 'Economic Fury' campaign. Officials alleged the exchanges enabled sanctions evasion and processed activity tied to the IRGC, while Treasury said Nobitex handled more than 50% of Iranian digital asset inflows in 2025. The designations also included Nobitex leaders such as chairman and co-founder Amir Hossein Rad, with Treasury citing a $90 million hack in June 2025 that Rad allegedly helped the platform recover from.

Cboe Global Markets is keeping its options open around the inactive Cboe Digital Exchange after a CFTC letter dated June 3 outlined temporary no-action relief tied to the venue's dormant status. The relief allows Cboe Digital to list products without first reinstating its designated contract market status, and remains in place through April 6, 2027, or until trading resumes.

Polymarket and Kalshi set fresh single-day records in crypto-category volume on June 2, posting $176 million and $108 million, respectively. The surge occurred during a sharp market sell-off that wiped out more than $1.76 billion in leveraged positions and pushed Bitcoin below $67,000, while Kalshi later rolled out Bitcoin perpetual futures on June 3.

On 3 June 2026, CoinGlass data showed 185,298 traders were liquidated over 24 hours for $939.87M, with $755.95M coming from long positions. Major coins fell over the same period, including BTC down 2.37% to $65,401, while BNB, ETH, and ADA each slid more than 5%. The liquidation mix stayed long-heavy in shorter windows as well, with a 4-hour total of $149.69M and ETH liquidations ($56.23M) exceeding BTC ($27.70M).

Honeywell Aerospace CEO Jim Currier said the unit expects faster earnings growth as it prepares to separate from Honeywell International later this month. The company is targeting at least $6.5 billion in annual earnings and at least $4 billion in full-year free cash flow by 2030, after projecting 2026 adjusted EBIT of $4.65 billion to $4.75 billion.

The UK Financial Conduct Authority has cautioned football clubs, including Premier League teams, that sponsorships with unauthorised crypto and online trading firms may create legal, reputational, and money-laundering exposure. The regulator said clubs should strengthen checks because supporters may wrongly assume promoted platforms are regulated and could lose all their money with limited protections.

On Tuesday, June 2, spot bitcoin ETFs recorded $519.19 million in net outflows, marking a 12th straight session of redemptions, while ether ETFs extended their losing streak to 16 days with $90.15 million withdrawn. The day's largest moves included a $388.64 million exit from Blackrock's IBIT and a $44.27 million outflow from Blackrock's ETHA, even as Solana and HYPE products added $6.50 million and $3.15 million, respectively.