US Stock Crypto Concept Stocks Experience Pre-Market Decline, CRCL Drops by 2.48%

On June 2nd, Israeli Prime Minister Benjamin Netanyahu declared that the Iranian regime is doomed to disappear, adding that Israel will help bring it to an end. (FX168)

According to official sources, Ondo Perps announced on June 2nd that it is set to launch on June 9th. This marks the first perpetual contract platform built specifically for Real World Assets (RWA).

June 2: Standard Chartered Bank’s Global Head of Digital Assets Research, Geoffrey Kendrick, said that Strategy’s recent Bitcoin sale could mark the start of a new period where Ethereum outperforms Bitcoin. Even though Strategy only offloaded 32 bitcoins at the end of May—accounting for roughly 0.004% of its 843,700 BTC holdings, a negligible sum—the market’s reaction to this move is notable. Kendrick thinks “yesterday might have been the turning point for ETH to outperform BTC.” This take builds on Kendrick’s research report released last week. He compared current Ethereum to Amazon in 2001, right after the dot-com bubble burst, arguing that despite ETH’s relatively weak recent price action, the core fundamentals of the Ethereum ecosystem are still improving. Key areas of growth include stablecoins, Real World Asset (RWA) tokenization, and Decentralized Finance (DeFi). Building on that analysis, Kendrick is sticking to his long-term bullish outlook: he forecasts ETH will hit $4,000

On June 2, global asset management giant Franklin Templeton announced it will integrate its BENJI tokenized money market fund and other tokenized products into MoonPay’s on-chain trading platform, MoonPay Trade. Through this collaboration, institutional users will be able to leverage MoonPay’s recently launched on-chain trading infrastructure to seamlessly convert stablecoins such as USDC and USDT into Franklin Templeton’s tokenized money market fund, a move that’s set to boost efficiency in on-chain cash management and asset allocation. Both parties noted this partnership lays the groundwork for a broader strategic alliance between Franklin Templeton and MoonPay. For MoonPay, the deal marks an expansion of its business scope beyond cryptocurrencies, fiat, and stablecoins into the Real World Assets (RWA) space. This is also one of the first key strategic initiatives since Caroline Pham joined as CEO of MoonPay Institutional; Pham previously served as Acting Chairman of the U.S. C

June 2: On-chain analyst Ai Yi (@ai_9684xtpa) notes that a trader is currently going long on “Huang Renxun’s Selected Stocks” and shorting ETH, with an unrealized gain of $1.461 million. The trader holds a 3x leveraged long position worth $27.18 million across Nvidia (NVDA) and Marvell Technology (MRVL), posting an unrealized gain of $1.382 million. Additionally, they’ve opened a 3x leveraged short position on ETH valued at $4.944 million, with an average entry price of $2006.6, generating an unrealized gain of $0.072 million.

June 2, per Bitget’s market data, Nvidia (NVDA.O) climbed 2.6%, pushing its total market capitalization past $5.5 trillion.