The Wire PM, June 3, 2026

The Wire PM, June 3, 2026

Bitcoin Extends Losses to $65K as $1.8B Liquidated in 24 Hours Bitcoin dropped 8% from Tuesday's high of $71,300 to a nine-week low of $65,362 as escalating US-Iran military strikes rattled risk assets across the board. Over $1.8 billion in crypto positions were liquidated in 24 hours, with $774 million in longs wiped out. The Crypto Fear & Greed Index plunged to "extreme fear," its lowest reading since early April. Traders are watching $60,000 as the next major support level. (Source: Cointelegraph)

SEC Elevates Digital Assets to Strategic Priority Through 2030 The Securities and Exchange Commission published its draft Strategic Plan for fiscal years 2026 to 2030 on Tuesday, dedicating an entire objective to digital assets and distributed ledger technology. The five-year roadmap calls for clearer crypto rules, a framework for staking and onchain markets, and active support for tokenization. The move signals a definitive shift from the enforcement-first era. (Source: Cointelegraph)

Binance Shuts Down Centralized NFT Service, Moves to Wallet Binance will stop supporting NFTs on its exchange and migrate management to its self-custodial Binance Wallet. Users have until July 3 to withdraw transferable NFTs before they become inaccessible. Non-transferable NFTs that cannot be withdrawn by design will remain viewable but not tradeable. The shift completes a broader industry retreat from centralized NFT marketplaces. (Source: Cointelegraph)

Revolut US Bank to Offer Stablecoin Services Alongside FDIC-Insured Products Revolut's newly chartered US banking entity will integrate stablecoin services into its product lineup, offering them alongside traditional FDIC-insured deposit accounts. The move positions the fintech giant as one of the first US-regulated banks to bridge conventional banking and stablecoin infrastructure under a single roof. (Source: The Block)

Numbers (Updated)

• BTC: $66,296 (-1.1%)
• SOL: $73.51 (-3.3%)
• ETH: $1,845 (-2.9%)

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