Santiment says that “the gap between traditional equities and crypto has become increasingly difficult for traders to ignore.” Bitcoin fell to its lowest level in almost two months on Tuesday as cryptocurrencies continue to diverge from traditional equity markets. Bitcoin (BTC) fell to a low of $70,023 on Coinbase early on Tuesday, its lowest level since April 7, marking a daily decline of more than 4% and a weekly loss of 8%, according to TradingView. Bitcoin is down 44% from its October peak of $126,000. US stock markets such as the S&P 500 have meanwhile hit a record high of just over 7,600 points on Monday, while the tech-heavy Nasdaq peaked at over 27,000 points. Read more
Grayscale proposed a fee of 0.29% on its Hyperliquid ETF, which “slightly undercuts” rivals 21Shares and Bitwise that carry respective fees of 0.3% and 0.34%, says analyst James Seyffart. Crypto asset manager Grayscale could launch its exchange-traded fund tied to the Hyperliquid token in the US as soon as this week after it amended a regulatory filing for the fund, an analyst says. Bloomberg ETF analyst James Seyffart posted to X on Monday that the launch of Grayscale’s ETF was “likely imminent” and was “expecting the launch this week” after the company amended the fund’s filing for the sixth time to add its ticker and fee. Grayscale’s amended filing added that the ETF would trade under the ticker HYPG with a 0.29% management fee, which Seyffart noted “slightly undercuts” rival Hyperliquid (HYPE) ETFs from 21Shares and Bitwise that launched in mid-May. Read more
Russian drones and missiles pounded Ukrainian cities such as Kyiv and Dnipro early on Tuesday, killing at least 10 people and wounding about 100, authorities said, following days of warnings about Moscow’s plans for a major assault. Russia has targeted Ukraine’s power supply and infrastructure in a war now more than four years old, while Ukraine has stepped up attacks this year on Russian oil facilities. Both deny targeting civilians. Last week, the Kremlin warned that it intended “systematic strikes” on targets in Kyiv in response to a drone attack on a dormitory in Ukraine’s Russian-held region of Luhansk, which killed 21. Ukraine denied the attack. Photographs showed large explosions and plumes of smoke billowing over high-rise buildings in Kyiv, where overnight strikes killed four people and wounded 58, including children, according to the capital’s mayor, Vitali Klitschko. An explosion over the city during a Russian missile and drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine June 2, 2026....
Telegram founder Pavel Durov says it is “returning to our roots — and starting a new chapter” by rebranding Toncoin to Gram. The Open Network says it is planning to rebrand its Toncoin (TON) token to Gram (GRAM), the original name of the network’s cryptocurrency in its first white paper. “Gram was the original name of TON’s currency in the first white paper,” Telegram and TON founder Pavel Durov posted to Telegram on Monday. “We’re returning to our roots — and starting a new chapter.” The rebranding will “pave the way for what comes next,” and the transition will take around three weeks, he added. Read more