Crypto trader James Wynn lost $25 million after a leveraged Bitcoin long was liquidated. He blamed market manipulation and requested donations to “support his cause.” Wynn previously lost $100 million in a week but continues high-risk trades. He still holds 770 BTC, while sitting on an unrealized $1 million loss.

Ukrainian police arrested a 35-year-old man for allegedly hacking over 5,000 hosting accounts to mine crypto, causing $4.4 million in damages. Authorities found crypto wallets, mining software, and hacker forum data at his residence. If convicted, he faces up to 15 years in prison and IT-related employment bans.

California’s Assembly passed a bill enabling crypto payments and classifying idle exchange-held crypto as unclaimed property after three years. Critics feared liquidation, but advocates clarified the state would preserve Bitcoin in its native form. The bill now moves to the Senate and could take effect in July 2026.

Coinbase is pushing to shift Oregon’s securities lawsuit to federal court, calling it a “copycat” of the SEC’s dropped 2023 case. The exchange argues the case oversteps state authority and centers on federal securities law. Oregon’s attorney general says states must act as federal crypto enforcement wanes under the Trump administration

Over 60 companies now hold 673,897 BTC—3.2% of total supply—Standard Chartered reports. Corporate Bitcoin holdings doubled in two months, outpacing even Strategy’s aggressive buying. While this trend adds buying pressure, the bank warns it could later fuel volatility if prices drop or market inefficiencies ease.

Pakistan’s crypto minister Bilal Bin Saqib presented a national Bitcoin reserve plan to Trump’s digital asset team at the White House, aiming to boost U.S.-Pakistan blockchain ties. The initiative includes 2,000 megawatts for Bitcoin mining and AI data zones. The IMF has raised concerns over the country’s energy and legal challenges.

Analyst Willy Woo posted on June 3 that “big whales” with over 10,000 BTC “have been selling since 2017,” despite rising institutional demand. Their holdings have dropped 40% over eight years. As Bitcoin hit $112K, profit-taking spiked, with Glassnode reporting over $500M/hour in gains and BTC holding above $100K for 27 days.

Tokenized short-term funds have reached $5.7 billion in assets, driven by institutional demand for liquidity, compliance, and operational efficiency, Moody’s reports. Led by BlackRock and Franklin Templeton, these blockchain-based products offer real-time settlement and yield opportunities. Moody’s expects further growth as asset managers adopt tokenization for client cash-sweep solutions.

Paris-based Blockchain Group has acquired $68.7 million in Bitcoin, raising its total holdings to 1,471 BTC. The move follows growing institutional interest post-U.S. ETF approvals. Despite limited European participation, firms like BNP Paribas and Bitpanda are exploring similar strategies amid rising global corporate Bitcoin adoption.