Bitmine increased its ETH holdings by another 25,000 coins this morning, worth approximately $47.98 million.

An official Binance announcement dated June 3 states that the USDT/AED spot trading pair will launch officially on June 4 at 16:00 (UTC+8), and the accompanying spot algorithmic trading bot service for this pair will also be available simultaneously. For clarity, AED is the currency code for the United Arab Emirates dirham, the official currency of the United Arab Emirates.

June 3 — Per Bitcoin News, the U.S. [Organization Name] Act has officially been introduced to the Senate Banking Committee and placed on the Senate’s legislative agenda. The committee approved the bill on May 14 with a 15-9 vote. The measure was formally added to the Senate’s schedule on June 1, clearing the way for full floor debate. The next major hurdle facing the legislation is a full vote by the entire Senate.

June 3 — Per Hyperinsight Monitoring, in the past 24 hours, total Bitcoin (BTC) liquidations across the network reached $729 million, with long-position liquidations accounting for around $681 million. Approximately 9.1% of these long liquidations came from the same whale on the Hyperliquid exchange, which is also the largest liquidating address across the entire network. During the initial BTC decline last night, this whale’s BTC long positions were liquidated twice in succession, totaling 508.2 BTC (valued at ~$34.4 million) and resulting in an estimated loss of $2.75 million. Subsequently, using its remaining funds, the whale repositioned as BTC rebounded to $68,000. However, when BTC dropped again below $67,000, the long position was liquidated in four separate rounds, totaling 411.2 BTC (valued at ~$27.5 million). Combined, the two liquidation rounds hit $61.9 million, with a total loss of approximately $3.14 million. Liquidation Address: 0x92b75a5bfb7be7911747276ad335b8f5da3ce

On June 3, renowned Ethereum long-term bull and crypto investor James Fickel transferred 10,000 ETH from a Coinbase custody address to a trading-recharge address, per on-chain analyst @ai_9684xtpa. The transfer is valued at roughly $18.62 million based on current ETH prices, indicating it will likely be used for subsequent trading activity. This marks Fickel’s first multi-million-dollar on-chain funding operation in six months, sparking market attention to his upcoming trading strategy. On-chain data further shows he still holds 38,936.13 ETH, totaling approximately $72.43 million at current rates, meaning he maintains a substantial overall Ethereum position.

On June 3, data from Cinglass shows Bitcoin has fully ended its two-month rebound, falling back below the $67,000 mark as of this morning. Still, market investors are attempting to buy the dip. From spot market data: as of press time, the net inflow of Bitcoin spot funds across all networks over the past eight hours stands at $30.3477 million. In the futures market, Bitcoin futures funds saw a net outflow of $2.595 billion across all networks over the past 24 hours. However, the sentiment indicated by funding rates isn’t nearly as bearish as it was two months ago. Right now, all major platforms are reporting positive funding rates for both Bitcoin and Ethereum futures. For altcoins, funding rates signal the market isn’t bullish, but cases of negative funding rates have eased significantly compared to two months prior.

June 3: Longevity tech startup NewLimit—co-founded by Coinbase co-founder Brian Armstrong—announced it has closed a $435 million Series C funding round, valuing the company at $3.1 billion. Peter Thiel’s Founders Fund led the round. Existing investors Abstract Ventures, Kleiner Perkins, NFDG, Eli Lilly Ventures, and Valor Equity Partners also participated, joined by new backers Thrive Capital, Greenoaks, and Quiet Capital. Launched in 2021, NewLimit was established with $110 million from Armstrong, former GV partner and bioengineer Blake Byers, and stem cell biologist Jacob Kimmel, based in southern San Francisco.