Bitcoin Panic Sell-off, Coin-Margined Futures Open Interest Nearing All-Time High

June 3 Update: Per Huobi HTX’s official announcement, the crypto platform has just rolled out a four-tier incentive program for new users. Running now through June 12 at 19:59 UTC+8, the campaign awards prizes to new users who complete core tasks including registration, deposit, trading, and referrals. 1. New users who sign up during the event and finish the required tasks are eligible for a lucky draw. Prizes include an iPhone 17 Pro Max, XAUT, and other top-tier rewards. 2. For the full event period, new users who hit at least $100 in daily spot trading volume or $500 in daily futures trading volume earn 1 check-in day. They’ll unlock a mystery box airdrop based on their total accumulated check-in days. 3. New users will be ranked by their spot trading volume to split a $30,000 prize pool, with higher placements receiving bigger rewards. 4. Both existing and new platform users can refer friends to register. Once those referred friends complete the required tasks, the referrer gets a

June 3rd – According to Coinbob’s Popular Address Monitor, the largest BTC short on Hyperliquid—held by the wallet “pension-usdt.eth”—is executing a take-profit move over the past 30 minutes. As of press time, the address has cut its BTC short exposure by 57 BTC, bringing its remaining BTC short position to 1343 BTC (valued at roughly $90 million) with an unrealized profit of around $3.23 million. The margin freed up from closing that BTC short is being redirected to open a 3x-leveraged ETH short. The new ETH short position now stands at $4.6 million in size, with an average entry price of $1,879, and the rebalancing is still ongoing. This BTC short was originally opened on April 1st and had not been reduced at all until now. It only flipped from a loss to a profit for the first time last night, with an average entry price of approximately $69,423. At its peak, the short position was worth over $100 million. Wallet Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902

June 3rd. BlockBeats has recently compiled the NVIDIA AI Factory Tradable Asset Ecosystem.

June 3 – According to monitoring from Onchain Lens, the whale known as “0x737” sold 7,901 ETH at a price of $1,854 six hours ago, netting $14.65 million in proceeds. The whale still retains 6,502 ETH, which is valued at $12.18 million as of the latest update.

June 3 — According to official announcements, Binance has rolled out a promotion offering discounted trading fees for stocks and ETFs, with savings of up to 50%. The discount is active from 12:00 UTC on June 3, 2026, through 23:59 UTC on June 30, 2026. During this period, orders with a trading volume exceeding $350 will have their fees cut from 0.10% to 0.05%. The discount only applies to orders placed after 12:00 UTC on June 3, 2026.

June 3: Bitget market data shows WTI crude oil prices surged 3.00% intraday amid escalating U.S.-Iran tensions, now trading at $98.13 per barrel. Brent crude oil rose 2.78% to reach $97.86 per barrel.