BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

June 3: U.S. Secretary of State Mike Pompeo said the war in Iran is over. (Financial Times)

On June 2nd, as Bitcoin tumbled sharply today, several crypto market participants have shared their perspectives on the current market conditions. Renowned Bitcoin analyst PlanB predicted there’s a greater than 50% chance Bitcoin will drop below $61,000, adding that the odds of it falling to $53,000 or lower are also over 50%, implying further downward pressure may lie ahead. Crypto KOL Quindecimus Peak stated, “Automated trend indicator alerts show Bitcoin’s 3-day moving average has entered a new downtrend, marking the start of a fresh round of declines in this bear market, with a target bottom of $42,000 to $44,000.” The top performer on Binance’s real-account futures leaderboard, 0xPickleCati, posted in their personal channel: “Speak of the devil. Don’t try to catch a falling knife in a bear market; in a few months, you might find there’s no bottom at all.”

**June 2 – According to official sources, Kaiko—a digital asset market data, index, and analytics service provider—has acquired Amberdata, a leading digital asset data and intelligence platform.** The firm noted this transaction, paired with its earlier purchase of on-chain data infrastructure provider Cometh, solidifies its standing as a top provider of institutional-grade digital asset data solutions. Kaiko describes the deal as one of the most notable consolidations in the digital asset data sector in recent years. Founded in 2017, Amberdata has long served North American hedge funds, asset management firms, banks, and exchanges, with a deep, institutional-focused client base. Its core offerings include derivative analysis tools, on-chain data services, and AI-powered market intelligence systems—widely used for asset pricing, risk management, and portfolio analysis. Kaiko added that as institutional funds keep flowing into crypto, demand for high-quality data and analytics too

On June 2, the White House stated that U.S. President Donald Trump has signed an executive order to promote innovation and security for advanced artificial intelligence. The U.S. will establish a "Confidential Benchmark Testbed" for the artificial intelligence field, and will gain access to "cutting-edge AI models" prior to their full public release. (Golden Finance)

June 2 — According to official announcements, online brokerage Robinhood is set to host a virtual event at London’s Old Royal Naval College on July 1, 2026, at 7 p.m. BST (equivalent to 2 a.m. Beijing time on July 2). The company noted this event marks the launch of its "Borderless Market Tour" and will showcase its latest vision for the future of the financial sector. During the event, Robinhood Chairman and CEO Vlad Tenev will unveil several new products crafted to drive deeper integration between digital assets and traditional finance, with the aim of reshaping the global financial services landscape. Robinhood added that the event will focus on emerging trends for the crypto industry and new cross-border opportunities in financial markets.

June 2: U.S. Secretary of State Mike Pompeo noted that Iran’s response could take up to six days to arrive. (FXStreet)