[News Brief] Jun 3, morning | U.S. Sanctions Nobitex, Iran’s Largest Cryptocurrency Exchange

U.S. Spot Ethereum ETFs Record Net Outflows for 16 Consecutive Trading Days

According to SoSoValue data, U.S. spot Ethereum ETFs posted net outflows of $90.1481 million on June 2 (U.S. Eastern Time). This marked the 16th consecutive trading day of net outflows.

The largest outflow came from BlackRock’s ETHA, which saw $44.2681 million leave the fund. It was followed by Grayscale Ethereum Mini Trust ETF, which recorded net outflows of $25.4062 million.

Total net assets of spot Ethereum ETFs stood at $10.53 billion, representing 4.58% of Ethereum’s total market capitalization. Cumulative net inflows were recorded at $11.24 billion.

U.S. Spot Bitcoin ETFs Record Net Outflows for 12 Consecutive Trading Days

Source: PANews

According to SoSoValue, U.S. spot Bitcoin ETFs saw total net outflows of $519 million on June 2 (U.S. Eastern Time). This marked the 12th consecutive trading day of net outflows.

The largest outflow came from BlackRock’s IBIT, which posted a one-day net outflow of $389 million. IBIT’s cumulative net inflows stand at $62.978 billion.

Meanwhile, Morgan Stanley’s MSBT recorded net inflows of $14.7654 million. Total net assets of all spot Bitcoin ETFs stood at $84.997 billion, accounting for 6.28% of Bitcoin’s total market capitalization.

U.S. Sanctions Nobitex, Iran’s Largest Cryptocurrency Exchange

The United States has imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange.

According to Watcher.Guru, the sanctions are aimed at Iran-linked financial and crypto transaction networks and could affect Nobitex’s access to international transactions and payment channels.

CFTC Chair Michael Selig Says U.S. Has Ended Regulatory Pressure on Bitcoin and Digital Assets

Michael Selig, Chair of the U.S. Commodity Futures Trading Commission, said on CNBC that the United States has ended its regulatory pressure on Bitcoin and digital assets.

Selig said, “The legal pressure is over,” adding that enforcement actions targeting specific industries would also stop. He further emphasized that the United States would become the world capital of digital assets.

His remarks were interpreted as a reaffirmation of a crypto-friendly policy direction by the U.S. government.

Source: @pete_rizzo_

QCP Capital: Bitcoin Fell 11.6% This Week, Markets Repricing Downside Risk

QCP Capital said Bitcoin has fallen about 11.6% this week, facing continued selling pressure.

QCP noted that news of Strategy selling 32 BTC weighed on market sentiment. Although the sale, worth about $2.5 million, was not significant relative to its holdings, it challenged the prevailing belief that Strategy would not sell Bitcoin.

The macro environment has also been unsupportive. Rising oil prices driven by Middle East tensions and stalled U.S.-Iran talks have weakened risk appetite, while stronger-than-expected U.S. employment data has reduced expectations for near-term Federal Reserve rate cuts.

Defensive positioning also strengthened in the options market. The 30-day at-the-money implied volatility rose to around 41.4%, while risk reversals remained negative, indicating continued demand for downside protection.

QCP described the current move as a repricing of downside risk rather than panic selling. It added that if Bitcoin fails to recover the $67,000–$68,000 range, rebound attempts may continue to face selling pressure.

U.S. ADP Private Payrolls for May Beat Expectations

According to PANews, U.S. ADP private payrolls increased by 122,000 in May, exceeding both the market forecast of 117,000 and the previous figure of 109,000.

The increase marked the largest gain since January last year. Stronger employment data may weaken expectations for Federal Reserve rate cuts, which could weigh on risk assets including cryptocurrencies.

Bitcoin Fear & Greed Index Falls to 11, Enters “Extreme Fear” Zone

Watcher.Guru reported that the Bitcoin Fear & Greed Index dropped to 11, entering the “Extreme Fear” zone.

The Fear & Greed Index is a measure of market sentiment, with lower readings indicating stronger risk-off sentiment among investors.

Crypto Market Sees $1.777 Billion in Liquidations Over the Past 24 Hours

According to Odaily, CoinGlass data showed that 277,481 traders were liquidated across the cryptocurrency market over the past 24 hours, with total liquidations reaching $1.777 billion.

Long liquidations totaled $1.597 billion, while short liquidations came to $181 million. By asset, Bitcoin (BTC) accounted for $58.13 million, Zcash (ZEC) $53.88 million, Ethereum (ETH) $25.64 million, and LAB $19.66 million.

The largest single liquidation occurred on Hyperliquid’s BTC-USD trading pair, totaling $27.49 million.

Charles Schwab Launches 24-Hour Bitcoin Futures Trading

Charles Schwab has launched 24-hour Bitcoin futures trading, according to Bitcoin Magazine.

The service is expected to expand access to Bitcoin derivatives trading and improve trading convenience for both institutional and retail investors.

Source: Bitcoin Magazine

Mastercard Expands Network to Support Stablecoin Payments and 24/7 Financial Services

Mastercard is expanding its payments network to support stablecoin payments and 24/7 financial services, Odaily reported on June 3.

Mastercard plans to operate regulated stablecoins alongside existing fiat payment systems and help financial institutions handle real-time fund flows, including same-day settlement as well as weekend and holiday payments.

Initially supported stablecoins include Circle’s USDC, Paxos-issued PYUSD, USDG, and USDP, Ripple’s RLUSD, and SoFi USD. Supported networks include Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL.

Cross River, Lead Bank, CBW Bank, ARQ, and Nuvei were mentioned as early participating financial institutions. The move reflects a broader trend of traditional payment firms expanding stablecoin-based payment infrastructure.