Ethereum (ETH) plummeted to $1,628 amid an aggressive futures deleveraging cycle and multi-week spot ETF outflows. While short-term technicals flash a high-risk test of the $1,500 support shelf, Tom Lee’s Bitmine executed a massive $213M dip-buying campaign, pushing its total supply ownership near 4.6%.

Ethereum pulled back after peaking at $1,720, slipping below $1,620 and trading under $1,665 alongside the 100-hour SMA. The move included a break of a bullish trend line near $1,700, with support highlighted around $1,610 and $1,585. Resistance is outlined at $1,680 and $1,710, and a breakout above $1,710 could open a path toward $1,750 and $1,840–$1,850.

Glassnode says several XRP Ledger indicators have weakened, with holder profitability and transaction demand both falling from prior cycle levels. The firm reports the 90-day SMA of XRP's Realized Profit-to-Loss Ratio is down to 0.38, while the 90-day SMA of total fees dropped from 5,900 XRP in February 2025 to about 500 XRP.

Oracle (ORCL) will report its fiscal Q4 earnings on June 10 amid heightened AI sector volatility and intense infrastructure spending debates. While cloud demand remains robust with an expected $589.5 billion backlog, technical indicators hint at key consolidation scenarios before the print.

The S&P 500 fell 0.26% to close at 7,386.65 as an initial 1% artificial intelligence rally dissolved into widespread profit-taking. Escalating U.S.-Iran military strikes and defensive hedging ahead of the vital May CPI report triggered a massive 245-point intraday whipsaw.

Silver prices plummeted over 4% to a two-month low near $64.50 per ounce, driven by surging U.S. rate-hike expectations and geopolitical shifts. Technical indicators reveal a clear bearish breakdown, positioning the critical $60.00 psychological level as the next immediate target.

Wintermute said bitcoin’s slide below $62,000 was driven mainly by U.S. institutional selling and spot ETF redemptions, rather than Strategy’s 32 BTC sale. The firm noted U.S. spot Bitcoin ETFs posted 10 consecutive sessions of outflows from May 15 to May 29 totaling about $2.97B, and said a market bottom remains unconfirmed without renewed inflows.

Bybit launched IPO Express on June 7, letting eligible users subscribe to tokenized IPO share exposure at the offering price, starting with SpaceX under the ticker SPCX. Subscriptions run through June 11 and spot trading is scheduled to open June 12. If the final offering price lands within 20% of the indicative price a user accepted, the allocation can be executed automatically without an extra confirmation step.