Hyperliquid is becoming a preferred venue for Wall Street traders to trade perpetual futures outside traditional exchange hours, as 24/7 onchain markets absorb activity from legacy venues. The report highlighted a Saturday crude-oil trade that ended with a 243% gain and noted claims that Hyperliquid controls more than 70% of decentralized perps, alongside daily volume often above $1 billion.

Ethereum remained below $2,000, with CoinGecko showing ETH at $1,973, while large holders continued to add rather than trim positions. Wallets holding at least 100,000 ETH controlled 17.41 million ETH and 22.03% of circulating supply, both multi-week highs. Retail traders, meanwhile, showed strong buy-the-dip sentiment despite ongoing price softness.

XRP fell to a 15-week low of $1.18 before rebounding to around $1.20–$1.21, after a break of the $1.25 support level on 205.7 million XRP in volume. The token was described as trading in the $1.21–$1.26 range, down 2% over 24 hours and 7% over seven days, with key resistance cited at $1.32, $1.36, and $1.38. Analysts also flagged exchange-supply contraction signals alongside weak momentum, warning that a close below $1.18 could deepen the pullback.

edgeX said the EDGE token sank as much as 71% within hours on June 2 and that reviews by exchanges and market makers found no signs of coordinated manipulation. The firm attributed the move to thin on-chain liquidity, crowded longs, and liquidation spillovers into perpetual futures, and it unveiled a 200,000 USDC bounty plus voluntary goodwill payments for affected users.

On June 1, 2026, Japan put new Financial Services Agency rules into effect to recognize qualified foreign stablecoins as electronic payment instruments, while the ruling LDP's blockchain panel urged wider use of yen-denominated stablecoins for Asian cross-border payments. The shift comes as the global stablecoin market is over $240 billion and remains heavily dollar-centric, even as local players such as JPYC and bank-backed initiatives target large-scale yen issuance and settlement.

Trezor and Tropic Square disclosed a hardware weakness affecting the TROPIC01 secure element used in the Trezor Safe 7 after Ledger's Donjon team found it during an audit. The issue involves bypassing signature verification via lab-grade laser fault injection, but Trezor says private keys and user funds are not exposed because the chip is only one of three independent security layers. Tropic Square is producing a revised chip batch, while existing devices cannot be fixed through software updates.

Dogecoin (DOGE) fell more than 5% on Wednesday as selling pressure persisted, but Alphractal says price is hovering near a historical accumulation area around $0.10–$0.11 based on its CVDD Channel model. The firm argues prior appearances of a similar setup (late 2014, mid-2020, mid-2023) preceded major rallies, and its Alpha CVDD upper band currently sits near $0.85. Separately, analyst Ali Martinez said the TD Sequential indicator printed a buy signal, as other observers pointed to a possible breakout.

The S&P 500 has climbed nearly 20% over the past nine weeks, and the next major move may hinge on earnings due after the bell from Broadcom and CrowdStrike. Options markets are pricing in an 8% post-earnings swing for Broadcom, while CrowdStrike traders are also positioning for an 8% move despite smaller overall options activity.