Hyperliquid is becoming a preferred venue for Wall Street traders to trade perpetual futures outside traditional exchange hours, as 24/7 onchain markets absorb activity from legacy venues. The report highlighted a Saturday crude-oil trade that ended with a 243% gain and noted claims that Hyperliquid controls more than 70% of decentralized perps, alongside daily volume often above $1 billion.

Grayscale’s Hyperliquid Staking ETF (HYPG) began trading on June 3, featuring a 0.29% sponsor fee that it says is the lowest among U.S.-listed HYPE exchange-traded products. The pricing undercuts 21Shares’ 0.30% THYP and Bitwise’s BHYP, which waives fees for the first month before moving to 0.34%. The launch brings the number of U.S.-listed Hyperliquid funds to three, with HYPE-linked ETFs having already exceeded $132 million in cumulative net inflows as of last month.

El Salvador continued accumulating bitcoin as BTC dipped below $66,000 this week and traded as low as $65,700. As of June 3, the country's strategic reserve was estimated near 7,600 BTC, valued at more than $510 million. The buying has persisted despite a $1.4 billion IMF deal that made bitcoin acceptance optional for businesses.

Bitcoin briefly slipped below $66,000 on June 3, touching around $65,710 as selling pressure intensified across the crypto market. The drop coincided with an extended spot bitcoin ETF outflow streak estimated at $2.8 billion to $3.5 billion and Strategy's first bitcoin sale in nearly four years. Traders are now focusing on whether $65,000 holds, with $60,000 cited as the next major level if support breaks.

CryptoQuant contributor MorenoDV says an onchain market-stress indicator that has historically aligned with major Bitcoin cycle lows is currently near 40%, showing notable pressure but below past bottom extremes. Bitcoin started June under $70,000 after U.S. spot bitcoin ETFs saw about $2.43 billion of outflows in May, the largest monthly redemption of 2026. MorenoDV argues the strongest entries typically appear only after selling exhaustion pushes the gauge into its "maximum opportunity" zone.

A Polymarket user known onchain as "willo2" lost about $527,000 in a single day after a bet on Strategy’s bitcoin sale deadline resolved. Strategy disclosed in a June 1 Form 8-K that it sold 32 BTC for about $2.5 million, its first bitcoin sale since 2022. The position was tied to whether the company would sell any BTC before May 31, and the filing flipped the outcome.

Solana recorded $91 million in application revenue in May, topping all tracked blockchains and exceeding Ethereum's $52 million. SOL was trading near $81 after eight consecutive monthly declines, even as Solana's fee-derived app revenue continued to lead other networks.

Ripple unlocked 1 billion XRP from escrow on June 1 as part of its long-running monthly release schedule. U.S. spot XRP ETFs brought in $118.29 million in net inflows in May, their strongest month of 2026, while XRP traded near $1.27, about 4% lower over 24 hours.

Interactive Brokers strategist Steve Sosnick said on the “Bits + Bips” podcast that crypto’s pullback is exposing “tourist” capital that bought momentum and is now selling. Spot bitcoin ETFs recorded $1.42 billion in net outflows from May 25 to May 29, while spot ether ETFs saw $241 million leave over the same period. Sosnick argued that sustained rallies require conviction holders who won’t rotate out when competing trades—such as AI stocks—grab attention.