The Block

Hyperliquid Strategies remains up more than $1.1 billion on its HYPE holdings. Strategy, BitMine Immersion Technologies, and other major treasury firms have seen paper gains evaporate as crypto prices continue sliding.

Tennis is one of Polymarket’s fastest-growing markets in 2026 📈 Monthly volume consistently grew from $140M (Jan) → $245M (Mar) → $400M (Apr) → $437M (May) And it’s accelerating further, with daily volumes doubling since Roland Garros opened two weeks ago. 𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗮𝗹𝗹 𝗼𝗳 𝗼𝘂𝗿 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻 𝗺𝗮𝗿𝗸𝗲𝘁 𝗰𝗵𝗮𝗿𝘁𝘀 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲 𝗼𝗻 𝗼𝘂𝗿 𝗱𝗮𝘁𝗮 𝗱𝗮𝘀𝗵𝗯𝗼𝗮𝗿𝗱: https://lnkd.in/eEGdFs3v

The SEC has declared Securitize’s S-4 Registration Statement effective, clearing the way for its merger with Cantor Equity Partners II (CEPT) special purpose acquisition vehicle. CEPT is a publicly traded special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald.

Michael Saylor divided the Bitcoin ecosystem into four camps, saying that each serves a necessary role. Bitcoin is trading near an almost two-year low of below $61,000 on Friday.

Morgan Stanley Wealth Management and Galaxy have partnered on a new referral arrangement, letting eligible clients lend crypto in exchange for crypto ETP shares. This includes the recently launched Morgan Stanley Bitcoin Trust, which was the first crypto ETF to see zero net redemptions during its first month trading.

Spot bitcoin and ether ETFs ended losing streaks of 13 and 17 consecutive days, respectively, on June 4, pulling in a combined $22.4 million in net inflows — a tentative reversal after one of the most sustained outflow runs since launch. Crypto-native traders rotated attention away from BTC and ETH into equity-index and pre-IPO perpetual futures on Hyperliquid, where combined volume in Nasdaq-100, S&P 500, and WTI contracts hit $1.3 billion per day, according to Block Scholes.

𝐈𝐂𝐘𝐌𝐈: 𝐀𝐬𝐢𝐚 & 𝐄𝐌𝐄𝐀 𝐧𝐞𝐰𝐬 𝐫𝐞𝐜𝐚𝐩 𝐟𝐫𝐨𝐦 𝐉𝐚𝐦𝐞𝐬 𝐇𝐮𝐧𝐭 𝐚𝐭 𝐓𝐡𝐞 𝐁𝐥𝐨𝐜𝐤 👇 ⚠️ 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐙𝐜𝐚𝐬𝐡 𝐛𝐮𝐠 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫𝐞𝐝 A vulnerability could have allowed attackers to mint unlimited counterfeit ZEC. 🔗 https://lnkd.in/eWC2xFnv 📉 𝐙𝐜𝐚𝐬𝐡 𝐬𝐞𝐥𝐥𝐨𝐟𝐟 𝐝𝐞𝐞𝐩𝐞𝐧𝐬 ZEC fell more than 50% as liquidations surpassed $100M. 🔗 https://lnkd.in/eRkrFyCi 🏦 𝐌𝐚𝐣𝐨𝐫 𝐛𝐚𝐧𝐤𝐬 𝐩𝐥𝐚𝐧 𝐭𝐨𝐤𝐞𝐧𝐢𝐳𝐞𝐝 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬 J.P. Morgan, Citi, and others are targeting a 2027 launch. 🔗 https://lnkd.in/enBUENQU 🇰🇷 𝐏𝐨𝐥𝐲𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐚𝐜𝐞𝐬 𝐬𝐜𝐫𝐮𝐭𝐢𝐧𝐲 𝐢𝐧 𝐊𝐨𝐫𝐞𝐚 Police reportedly opened an investigation into local users. 🔗 https://lnkd.in/eckEfJWF 🤔 𝐆𝐫𝐚𝐲𝐬𝐜𝐚𝐥𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐝𝐞𝐦𝐚𝐧𝐝 Analysts said additional buyers may be needed to support BTC prices. 🔗 https://lnkd.in/e4PhykPc 🇭🇰 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐞𝐱𝐩𝐚𝐧𝐝𝐬 𝐭𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐞𝐟𝐟𝐨𝐫𝐭𝐬 Leading banks joined a new group focused on tokenized bonds. 🔗 https://lnkd.in/eb9ixadR 😠 𝐂𝐌𝐄 𝐂𝐄𝐎 𝐰𝐚𝐫𝐧𝐬 𝐨𝐧 𝐩𝐞𝐫𝐩𝐞𝐭𝐮𝐚𝐥 𝐟𝐮𝐭𝐮𝐫𝐞𝐬 Terry Duffy called the products a potential risk to retail traders. 🔗 https://lnkd.in/egC2kiiT 💸 𝐂𝐫𝐲𝐩𝐭𝐨 𝐄𝐓𝐅𝐬 𝐛𝐫𝐞𝐚𝐤 𝐨𝐮𝐭𝐟𝐥𝐨𝐰 𝐬𝐭𝐫𝐞𝐚𝐤𝐬 Bitcoin and ether ETFs posted combined inflows after weeks of withdrawals. 🔗 https://lnkd.in/e2wmaSHS

As time runs out to pass bills this year, lawmakers are barreling towards trying to pass that sweeping digital asset legislation into law, with potentially only a narrow window, ahead of midterm elections later in the year. An issue that has come to the forefront has been around the bill’s provisions involving anti-money laundering standards, as well as a provision that decentralized finance advocates have pushed for called the Blockchain Regulatory Certainty Act.

Visa and Brale announced a proof-of-concept collaboration to test the SBC stablecoin for institutional settlement on the Canton Network. The companies said the initiative will evaluate privacy-enabled blockchain infrastructure for settlement, with a focus on limiting visibility of sensitive transaction data while supporting programmable payments.

Plume and ether.fi have launched a new vault, a collaborative earn product that gives ether.fi’s users access to real-world asset yield. Plume said ether.fi has allocated $100 million into the vault. The allocation comes from a mix of ether.fi’s liquidity provider base and managed capital from its existing liquid vaults, Charles Mountain, head of ecosystem at ether.fi, told The Block.