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The longevity-focused tech innovation company NewLimit, founded by Coinbase's CEO, has successfully raised $435 million in Series C funding, led by Founders Fund.

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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.
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Bitcoin Price Drops to $66,000

June 3 — Per HTX market data, Bitcoin touched as low as $66,000 and is currently trading at $66,009, down 6.94% over the past 24 hours.

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The address holding between 10 to 10,000 bitcoins has reduced its holdings by 24,602 bitcoins in the past week.

June 3: Santiment’s social media data shows Bitcoin has fallen 13% over the past week, largely due to sell-off activity from large key stakeholders—known in crypto circles as Bitcoin whales and sharks. Whale and shark addresses (holding 10 to 10,000 BTC total) offloaded 24,602 BTC in the last week, an 18% decline in their holdings. Meanwhile, retail investors, whose addresses hold less than 0.01 BTC, added 61 BTC to their positions, representing a 12% increase in their accumulated holdings.

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Bitcoin Falls Below $66,000

On June 3rd, according to market data from HTX, Bitcoin dipped below $66,000, currently trading at $65,829, down 7.23% over the past 24 hours.

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In the past 24 hours, the total number of liquidations across the network surged to $1.703 billion, with the majority coming from long positions.

On June 3rd, data from Coinglass shows total crypto liquidations over the past 24 hours surged to $1.703 billion. Of that figure, long-position liquidations hit $1.533 billion, while short-position liquidations came to $170 million.

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Binance Futures to Launch $1 Fee Discount Promotion for Contracts

Official sources confirmed on June 3 that Binance Futures will soon launch a trading fee discount promotion for USD1 Margin Perpetual Contracts, with the BTCUSD1 contract serving as the first offering. During the event, all regular users up to VIP 9 status will enjoy zero maker fees on these contracts. For taker fees: regular users up to VIP 3 will receive an 80% discount off the standard USDT taker fee rate, while VIP 4 to VIP 9 users qualify for a 55% discount on taker fees (equivalent to paying just 20% and 45% of the standard rate, respectively). The promotion will kick off on June 3, 2026 at 07:00 UTC, and its end time will be announced separately at a later date.

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Bitmine faces an $8.9 billion mark-to-market loss, surpassing the "Brothers in Adversity" Strategy

June 3, data from @LookOnChain shows amid the ongoing crypto market pullback, Bitmine’s ETH reserve has logged a larger realized loss than Strategy’s BTC reserve’s unrealized loss. Bitmine—the Ethereum reserve company backed by Tom Lee—currently holds 5,416,901 ETH, with a current market value of roughly $10.3 billion, translating to an unrealized loss of approximately $8.9 billion versus its acquisition cost. Separately, Strategy, led by Michael Saylor, holds 843,706 BTC worth around $56.26 billion today, carrying a realized loss of roughly $7.6 billion.

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