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

June 4, per HTX market data, the market downturn has taken a temporary pause, with Bitcoin bouncing back above $64,000 and Ethereum climbing past $1,800. Earlier, the so-called "New Stock God" Serenity posted that he bought Belade IBIT and ETHA today at average prices of $62,000 and $1,750 respectively, noting these were only swing trades, not long-term holdings. Shortly after his post, the market rallied sharply.

June 4 – Per GMGN monitoring, the Solana ecosystem’s meme coin “three” logged another breakout rally overnight and into Wednesday morning, hitting a daily market cap peak of $8.6 million. As of press time, the token trades at $7.9 million, representing a 120% 24-hour gain and $5.9 million in trading volume over that same period. The token is the native asset of three.ws, a Solana-based AI project that launched via Pump.fun. The platform is a browser-native on-chain 3D AI agent solution that lets users generate custom 3D AI agents in one click and embed them onto any website. The token’s upward trajectory began June 1, when IBM’s official X account replied to a related tweet on the platform. Its rally accelerated yesterday following two major catalysts: three.ws and IBM formally announced a strategic partnership, and “three” secured a listing on an unspecified exchange. BlockBeats Note: Meme coins are highly volatile, often driven by market sentiment and hype rather than actual utili

On June 4, Bitcoin hit a 24-hour low of $61,383, dropping far more sharply than most altcoins—a move that pulled Bitcoin’s market dominance lower. Amid a wave of panic in the crypto space, renewed focus has centered on MicroStrategy’s small BTC sell-offs to cover preferred stock dividends, with investors once again questioning if the firm’s high-leverage financing “flywheel” could spark a broader systemic collapse in the sector. IOSG notes that MicroStrategy’s 11.5% high-yield financing mechanism via its STRC vehicle is essentially a “sell-side put option”: it trades Bitcoin downside risk for buying pressure, converting fixed-income demand into BTC purchasing power to funnel issued funds efficiently into Bitcoin accumulation. But the real vulnerability isn’t Bitcoin’s price itself—it’s MicroStrategy’s management-adjusted net asset value (mNAV). If mNAV stays below 1.0x for four straight weeks, the flywheel will enter a passive downward spiral within three months, leaving Saylor with a

June 4th – U.S. publicly-traded firm DDC Enterprise has added 90 more bitcoins to its holdings, pushing its total BTC stash to 2,804, per BitcoinTreasuries.NET data. The company now ranks No. 28 on the Bitcoin Holdings List.

On June 4, the U.S. Commodity Futures Trading Commission (CFTC) announced the repeal of its "No-Deny" policy, a rule that had been in place since 1998. The policy barred parties from publicly disputing charges brought by the agency when settling CFTC matters. The CFTC cited that the policy had fostered the external perception that the regulator was seeking to avoid criticism as the reason for scrapping it. CFTC Chairman Mike Selig added that the repeal will grant the commission greater flexibility in its enforcement and settlement processes, while aligning its practices with those of other U.S. regulatory agencies. The CFTC clarified that its new policy does not mean all cases will no longer require admissions of guilt. In certain enforcement and settlement matters, the agency may still require respondents to acknowledge specific facts or legal responsibilities. Additionally, against the backdrop of the Trump administration’s broader push for regulatory reform, the CFTC and Securities

On June 4, HTX market data reveals Bitcoin has fallen roughly 17% over about three days since the start of June, hitting a low of $61,383. Separately, Coinglass data notes that while Bitcoin’s price has dipped to near the low it hit on February 6, the market sentiment reflected in funding rates isn’t as bearish as it was at that time. As of writing, funding rates for BTC and ETH on major platforms remain positive—no widespread negative rates have emerged. This signals that on-exchange funds are treating this pullback as a retracement or even a possible double bottom scenario, rather than piling into aggressive short positions.