Trading

Cboe Global Markets is keeping its options open around the inactive Cboe Digital Exchange after a CFTC letter dated June 3 outlined temporary no-action relief tied to the venue's dormant status. The relief allows Cboe Digital to list products without first reinstating its designated contract market status, and remains in place through April 6, 2027, or until trading resumes.

On 3 June 2026, CoinGlass data showed 185,298 traders were liquidated over 24 hours for $939.87M, with $755.95M coming from long positions. Major coins fell over the same period, including BTC down 2.37% to $65,401, while BNB, ETH, and ADA each slid more than 5%. The liquidation mix stayed long-heavy in shorter windows as well, with a 4-hour total of $149.69M and ETH liquidations ($56.23M) exceeding BTC ($27.70M).

Worldcoin (WLD) rose more than 29% in 24 hours and 51% over the week as roughly $1.7 billion in leveraged positions were liquidated across crypto. WLD's daily trading volume topped $1 billion while Bitcoin fell to $66,000 and Ethereum dropped below $2,000. A scheduled July 24, 2026 issuance change is set to cut daily new WLD supply by about 43%.

edgeX said the EDGE token sank as much as 71% within hours on June 2 and that reviews by exchanges and market makers found no signs of coordinated manipulation. The firm attributed the move to thin on-chain liquidity, crowded longs, and liquidation spillovers into perpetual futures, and it unveiled a 200,000 USDC bounty plus voluntary goodwill payments for affected users.

CryptoQuant data published Tuesday shows short-term Bitcoin holders moved 53,800 BTC to exchanges within a 24-hour period, and all of it was transferred at a loss. The dataset showed zero BTC sent at a profit from this cohort, defined as holders who entered within the last 155 days. CryptoQuant said the one-day spike signals stress, while follow-through over the next 48 to 72 hours would matter for confirmation.

Grayscale has listed its Hyperliquid staking ETF, HYPG, on Nasdaq and set a 0.29% expense ratio, positioning it as the lowest-fee U.S.-listed HYPE ETF. The product arrives after 21Shares and Bitwise launched rival funds in mid-May, as HYPE traded around $72 after touching a record near $76 earlier this week.

On Tuesday, June 2, spot bitcoin ETFs recorded $519.19 million in net outflows, marking a 12th straight session of redemptions, while ether ETFs extended their losing streak to 16 days with $90.15 million withdrawn. The day's largest moves included a $388.64 million exit from Blackrock's IBIT and a $44.27 million outflow from Blackrock's ETHA, even as Solana and HYPE products added $6.50 million and $3.15 million, respectively.

Bitcoin fell from above the $70,000 level earlier this week and was last quoted near $66,700, down over 5% in 24 hours. The selloff was tied to reports of BTC moving to exchanges, a 12-day streak of Bitcoin ETF net outflows, and Strategy's sale of 32 BTC in an SEC filing. Analysts cited the potential for a short-term relief bounce, while still warning BTC could retest $60,000.

U.S. spot Bitcoin ETFs have now posted 12 consecutive days of net outflows, with $3.97 billion in BTC liquidated over that span. IBIT accounted for about $2.939 billion of the withdrawals, while FBTC saw nearly $403 million in outflows, as BTC traded at $67,260 after falling nearly 15% over 30 days.

Strategy sold 32 BTC on June 3, 2026 for about $2.5M, a small transaction that coincided with a sharp market reaction as Bitcoin fell 3.1% to $65,391. Over the same period, nearly $4Bn was pulled from US-listed Bitcoin ETFs across the next 12 sessions, and total crypto market value was said to be down roughly $160Bn within the week. The episode revived debate over whether the sale signals a change in stance or routine treasury management.