Bitcoin has recently dropped below $60,000 to a new cycle low, reviving debate over whether the market is near a bottom. Grayscale says on-chain signals suggest BTC is technically undervalued, though not at the extreme discounts seen in past crash periods. The firm also flags the CLARITY Act's progress and leverage conditions as key factors that could shape near-term sentiment and liquidation risk.

XRP perpetual contracts have started trading on Kalshi for U.S.-based users, introducing the platform's "American Perpetuals." The rollout follows CFTC clearance for Kalshi's first truly perpetual Bitcoin futures in the U.S. and a June 1 filing to self-certify derivatives tied to 12 major altcoins. Kalshi said its crypto perpetuals drew $100 million in trading volume within 24 hours.

A new Pew Research Center survey says crypto participation in the U.S. is holding at 19% of adults who have invested in or used digital assets. The poll shows a wider political gap than in prior years, with Republicans at 22% versus Democrats at 17%, alongside notable differences by age, gender, and income.

U.S. Senator Cynthia Lummis is urging the Senate to bring the Digital Asset Market Clarity Act to a full floor vote after it cleared committee. The bill previously passed the U.S. House of Representatives last July and advanced through the Senate Banking Committee on May 16, but still faces procedural and vote-count hurdles.

A stash of 47.26 BTC that had not moved since 2011 was recently transferred on-chain after remaining dormant for 15 years. The sending wallet is the address 18sLgPeB9wQVrE8JoWqtKtnucbsx3Lw1m7, identified as Defendant Address #37923 in the "Noah Doe" case seeking title to more than 3.7 million BTC across 39,000+ dormant addresses.

Economist Robin Brooks argues that gold no longer functions as a reliable safe haven, saying it now behaves like a pro-cyclical, high-beta asset similar to Bitcoin and the S&P 500. He points to gold's correlation with the S&P 500 rising to above 0.50 in recent months, matching Bitcoin's level after BTC's equity correlation reached as high as 0.55 in late 2025 to early 2026. Brooks also attributes the shift to retail inflows tied to the heavily marketed "debasement trade" throughout late 2025.

Zcash (ZEC) fell about 60% after a critical flaw was disclosed that could have enabled unlimited counterfeit coins. The issue was present in the Orchard pool since May 2022 and was identified on May 29 during a targeted review using Anthropic's Claude Opus 4.8 model. Zcash contributors pushed an emergency hard fork patch between June 1 and June 3 while developers discuss longer-term supply verification changes.

Veteran trader Peter Brandt said on June 4, 2026 that Bitcoin could still fall further and potentially face a "terminal wash-out," adding he does not expect a tradable low until October. He also pointed to a break below an ascending channel that guided price action from late February through May, which he views as confirming a trend reversal.

Ripple has made its USD-backed stablecoin Ripple USD (RLUSD) available in Turkey, positioning it for local settlement use. RLUSD's market capitalization has climbed past $1.7 billion, and the token is already listed on Binance, Bitstamp, Kraken, and OKX. Local firms including BiLira, Bitexen, and Bitlo plan to use RLUSD for dollar-denominated settlement for corporate and institutional clients.