Bitcoin traded just below $63,000 late June 3, after a sharp drop coincided with about $1.12 billion in liquidations over 24 hours, dominated by $949 million in long positions. The selloff briefly pushed BTC to $62,569 on Binance at 9:50 p.m. EDT, keeping traders focused on the $60,000 support area and near-term resistance between $65,000 and $70,000.

Tether and Fasset say they have launched the world's first gold-backed neobanking Visa card, letting users pay merchants globally while earning tokenized gold via cashback and auto round-ups. The product offers up to 6% cashback paid in XAUT and is backed by up to $1 million in XAUT rewards at launch. Users convert XAUT to USDT and then to fiat at checkout, while Fasset targets its $32 billion annualized-volume user base across Asia and Africa.

Bitwise Europe says bitcoin is trading about $150,000 below a model-implied fair value of roughly $224,000, while May price action saw a move to $83,000 before sliding back to $72,000. The report links the reversal to $1.031 billion in global Bitcoin ETP outflows in the month's second half and highlights long-term holders at a record ~14.85M BTC (74.3% of supply), with $78,000–$85,000 framed as a key control zone.

On June 3, 2026, the Crypto Fear and Greed Index fell to 11 as bitcoin traded near $65,853 and traders debated whether $50,000 could become the next downside target. BTC was down about 2% to 3% over 24 hours and roughly 8% to 12% over the past week, while the total crypto market slipped 2.88% to $2.27 trillion. Market focus remains on $65,000 support, with $60,000 to $61,000 near the 200-week moving average cited as the next level if that breaks.

Mastercard said it will extend its global card settlement network to support regulated stablecoins alongside existing fiat settlement, adding intraday options plus weekend and holiday processing. The program covers USDC, PYUSD, RLUSD, USDG, USDP and SoFiUSD across eight chains, with ARQ, CBW Bank, Cross River, Lead Bank and Nuvei expected to be early activators in the U.S. and Latin America. The company said the broader rollout is planned to continue through 2026 as more regions, partners and stablecoins are added.

On June 2, 2026, the U.S. Treasury's OFAC sanctioned Nobitex and three other Iran-based crypto exchanges, alongside four Iranian nationals, escalating compliance pressure around Iran-linked crypto activity. Treasury said Nobitex accounted for more than 50% of Iran's digital-asset inflows in 2025, while Ramzinex processed over $2.45B in transactions, raising screening expectations for firms with exposure to the named platforms.

On June 2, 2026, bitcoin slipped below $68,000, with its market dominance hovering around 58% and the Altcoin Season Index rising to 49. The reading remains 26 points under the 75 level typically used to confirm an altcoin season, leaving the market in a tentative, selective-rotation phase. Analysts say a sustained drop in BTC.D below 55% to 56%, alongside stronger breadth in large caps, would be needed to validate a broader shift into altcoins.

Franklin Templeton and Moonpay formed a strategic partnership linking the Benji Technology Platform with Moonpay Trade’s institutional execution stack. Eligible institutions can swap between supported stablecoins and Franklin Templeton’s tokenized money market funds onchain, adding liquidity and operational flexibility for treasury and collateral workflows. Franklin Templeton reported $1.74 trillion in AUM as of April 30, 2026, while Moonpay said it serves 30 million customers across 180 countries.

Anchorage Digital said it has launched Coordinated Multiparty Settlement (CMS) powered by Atlas, positioning it as a non-custodial trading and settlement layer aimed at banks, hedge funds, and other institutional desks. The firm says the setup separates execution, custody, and credit—keeping assets in Anchorage Digital custody through a trade’s lifecycle and enabling netted settlement without pre-funding multiple venues. Spotex is listed as an early integration partner, while Anchorage Digital also highlighted its $4.2B valuation and plans to extend the network beyond spot crypto toward tokenized asset classes.