Cryptocurrency Fear and Greed Index Plunges to 11, Deepening “Extreme Fear” Sentiment

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.

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.

On June 3, Circle’s subsidiary Arc teased on social media that it will drop major news at 11 PM Beijing Time on June 9.

June 3 (Reuters) — SpaceX is targeting an IPO price of $135 per share for its upcoming public offering, according to reports, with plans to issue roughly 5.556 billion shares. This would generate up to $750 billion in financing, valuing the company at approximately $1.75 trillion — a deal that would rank among the largest IPOs in global capital market history if it proceeds successfully. SpaceX’s roadshow kicks off this Thursday, a notable departure from typical IPO practice. Most public offerings first announce a price range before finalizing a share price, but SpaceX is setting a fixed target upfront — an unusual move that has already made this roadshow one of the most anticipated in recent years. Key context: SpaceX previously merged with xAI to form a comprehensive business spanning aerospace, satellite communications, and artificial intelligence. Proceeds from the IPO will primarily go toward expanding AI computing infrastructure and scaling its Starlink satellite network. Addi

An official Binance announcement dated June 3 states that the USDT/AED spot trading pair will launch officially on June 4 at 16:00 (UTC+8), and the accompanying spot algorithmic trading bot service for this pair will also be available simultaneously. For clarity, AED is the currency code for the United Arab Emirates dirham, the official currency of the United Arab Emirates.

June 3 — Per Bitcoin News, the U.S. [Organization Name] Act has officially been introduced to the Senate Banking Committee and placed on the Senate’s legislative agenda. The committee approved the bill on May 14 with a 15-9 vote. The measure was formally added to the Senate’s schedule on June 1, clearing the way for full floor debate. The next major hurdle facing the legislation is a full vote by the entire Senate.