Bitcoin has dropped to a near two-month low, exacerbating the divergence between the stock market and the crypto market.
On Tuesday, June 2, Bitcoin dipped to its lowest point since April 7, marking a more than 4% single-day slide and a roughly 8% cumulative drop over the past week. The crypto’s slump stands in sharp contrast to the U.S. stock market, which has been notching new all-time highs lately: the S&P 500 topped 7,600 points, while the Nasdaq broke through the 27,000 level—amplifying the growing trend divergence between cryptocurrencies and traditional risk assets.
Andri Fauzan Adziima, research director at Bitrue Research Institute, notes Bitcoin is practically the only major asset class posting a meaningful pullback right now. The market is treating it as a high-beta risk asset driven by macro risk sentiment, not a standalone hedge tool, he explains. That said, Adziima argues this divergence is likely a cyclical blip—once the macro environment improves, Bitcoin should reclaim its relative strength.
On-chain analytics firm Santiment points out the performance gap between traditional equities a
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Spot Silver Surges Over 2% Intraday, Now Trading at $76.33 per Ounce
On June 2, according to Bitget market data, spot silver's intraday price gained more than 2% to trade at $76.33 per ounce. The intraday advance for New York COMEX silver has widened to 2%, currently changing hands at $76.76 per ounce.
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Hock Tan Says Marvell Will Become the "Next Trillion-Dollar Market Cap Company," MRVL Surges Nearly 30% in Short Time
June 2: Marvell CEO Matt Murphy delivered a keynote address titled "The Future of AI Depends on Connectivity" at Taipei Nangang Exhibition Center, with NVIDIA CEO Jensen Huang making a special guest appearance at the event.
During the event, Jensen Huang publicly stated that Marvell will become "the next trillion-dollar company," highlighting the firm’s critical role in AI data center connectivity, optical interconnects, custom silicon (XPU), and the NVLink Fusion ecosystem. He noted that connectivity is emerging as the next major bottleneck for advancing AI infrastructure.
Following the event, Marvell’s stock (ticker: MRVL) surged 12 to 16% in pre-market and after-hours trading, rapidly approaching the $200 billion market capitalization mark. On trading platform Trade.xyz, MRVL hit an intraday high of $275.5 at its peak, and was last trading at $257 as of press time, marking a 25.27% gain over the past 24 hours.
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Binance will delist 7 trading pairs on June 5, involving assets such as AXL, CRV, EGLD
On June 2, Binance announced that following a routine market review, it will delist and suspend trading for the following spot trading pairs at 03:00 UTC on June 5, 2026, to maintain a high-quality trading environment and protect user interests: AXL/BTC, CRV/BTC, EGLD/BTC, OPN/BNB, POL/ETH, QTUM/USDC, and SKY/BTC.
Binance clarified that these delistings do not affect the availability of the corresponding tokens on the platform. Users can still buy and sell these assets via other active trading pairs. Additionally, the Spot Trading Bots service linked to the pairs being removed will be terminated at the same time. Users are advised to update or cancel their related bot strategies in advance to avoid potential losses.
The exchange noted that the delisting decision is primarily based on key performance metrics including liquidity, trading volume, and other factors, and is part of Binance’s standard routine measures to uphold market quality.
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Binance: Users with a minimum score of 240 can claim the Alpha airdrop starting today at 3:00 PM
**Flash Update: Binance Alpha Airdrop Goes Live on June 2**
Per an official announcement from Binance Wallet, Binance Alpha’s new round of airdrop trading will launch at 7:00 UTC today (June 2), with airdrop claims opening simultaneously. Eligible users must hold at least 240 Binance Alpha points; participation operates on a first-come, first-served basis until the airdrop pool is fully distributed or the event concludes.
The exact airdrop project and token name will be revealed at a later date—Binance advises users to monitor its official channels for the latest developments. Market analysts note that this round’s points threshold and limited claim structure align with Binance Alpha’s ongoing ecosystem incentive model for active users, which could drive short-term demand for Alpha points and lift the project’s visibility.
16 minutes ago
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