The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

June 3: During a congressional hearing, U.S. Secretary of State Mike Pompeo announced that the Trump administration will not tie the resumption of navigation through the Strait of Hormuz to the lifting of sanctions on Iran. He stressed that any relaxation of sanctions must be conditional on Iran abandoning its nuclear program, pointing to Tehran’s advanced uranium enrichment and related nuclear activities as the primary justifications for U.S. sanctions against the Islamic Republic. With the conflict with Iran entering its fourth month, bipartisan lawmakers in the U.S. Congress have raised ongoing concerns about the administration’s war strategy and the path to ending the standoff. Sen. Marco Rubio (R-Fla.) stated that Iran has sought to use its conventional military forces to protect its nuclear program, a move he cited as a critical factor in the Trump administration’s decision to launch military action. He also noted emerging signs that Iran’s Supreme Leader, Ayatollah Ali Khamenei

June 3 – Sources familiar with the matter have disclosed that SpaceX plans to set its initial public offering (IPO) price at $135 per share. The aerospace firm intends to issue 5.556 billion shares in the IPO, aiming to raise $75 billion in gross capital from the offering. According to pre-market contract data from the Binance platform, SpaceX’s SPCX pre-market contracts are currently trading at $184.78, marking a 6.95% decrease over the last 24-hour period.

June 3 — Federal Reserve Chair Kevin Wash has named conservative policy experts Paul Winfrey and Daniel Hale interim advisors at the start of his tenure, tasked with policy analysis and planning. Both have deep roots in the conservative think tank ecosystem and have never held positions at the Federal Reserve before. Winfrey, notably, contributed to drafting the conservative policy blueprint Project 2025, which includes a chapter focused on the Federal Reserve. The document advocates scrapping the Fed’s dual mandate — which centers on achieving both full employment and price stability — retaining only an inflation targeting goal, and pushing for balance sheet reduction while limiting the central bank’s role as lender of last resort. Wash has previously committed to leading a "reform-oriented" Federal Reserve, stressing the need to reevaluate long-standing practices and break from rigid frameworks. Adding the two outside advisors is widely seen as one of his first concrete steps to ad

**Binance Announces NFT Service Upgrade & Binance Wallet Integration: Action Required for All NFT Holders** June 3 — Binance today officially announced the upgrade of its non-fungible token (NFT) service, with the platform now integrated into Binance Wallet to offer users a more convenient Web3 and decentralized finance (DeFi) experience. Important timeline details: - **Transferable NFTs**: Beginning June 3, users holding transferable NFTs have 30 days to withdraw their assets to Binance Wallet or any compatible wallet. After the upgrade is completed on July 3, Binance’s legacy NFT service will stop supporting NFTs entirely, and any unwithdrawn NFTs will no longer be accessible. - **Non-Transferable NFTs**: Since these NFTs were not designed for transfers, they will also become inaccessible starting July 3. Separately, users who complete a Binance Academy course certification will receive an official PDF certificate from Binance Academy. **NFT Withdrawal Fee Support Program

On June 3, Grayscale announced its Grayscale Hyperliquid Staking ETF (ticker: HYPG) will commence local trading on June 4. As the U.S.’s lowest-fee HYPE ETP, the product delivers HYPE spot market exposure and staking rewards to investors. Grayscale noted that HYPE is a core asset powering round-the-clock on-chain market operations, while Hyperliquid has driven its perpetual contract trading volume into the trillions of dollars. Investors can gain direct access to HYPE’s spot exposure and staking rewards via a standard brokerage account.

On June 3rd, per Bitget market data, the Nikkei 225 Index posted a 1.00% daily gain, hitting a fresh all-time high.