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Whale Alert reported that 699 million USDC has been minted at the USDC Treasury.

As Bitcoin (BTC) has fallen below $78,000, structural signs of market weakness are accumulating, according to an analysis by The Block reporter Naga Avan-Nomayo. He cited several key bearish factors, including four consecutive trading days of spot ETF outflows, large-scale long position liquidations in the futures market, and a negative spot Cumulative Volume Delta (CVD) for nine straight trading days. Avan-Nomayo noted that despite the recent liquidations, leverage has not been sufficiently cleared from the market, leaving instability. However, he added that billions of dollars in stablecoin liquidity are waiting on the sidelines, creating a strong possibility for BTC to recover above $80,000 once that capital begins to enter the market in earnest.

The three major U.S. stock indices closed higher today. - S&P 500: +0.17% - Nasdaq: +0.09% - Dow Jones: +0.55%

No agreement has been reached in the Iran nuclear negotiations, but differences between the two sides have narrowed, according to a senior Iranian source cited by Reuters.

A Pakistani senator stated in a media interview that negotiations are ongoing between Iran and Pakistan, as well as between Pakistan and the U.S. He explained that Pakistan is making every effort to bring all parties back to the negotiating table, narrow their differences to reach an agreement, and end the war. The senator added that he is optimistic about talks between the U.S. and Iran, noting that they are making progress and proceeding in the right direction.

The CLARITY Act's passage through the Senate could be delayed, reported Eleanor Terrett, host of Crypto in America. She said via X that the bill now faces competition for floor time in June with other major legislation, including a budget reconciliation bill, the Foreign Intelligence Surveillance Act (FISA), and a housing bill that passed the House this week. Terrett noted growing realistic concerns about whether the Senate can handle more than two major bills simultaneously amid a tight schedule. Consequently, she suggested that some legislation, including the CLARITY Act, might be pushed to July.

Iranian President Pezeshkian stated that he will not make concessions in negotiations, according to Iranian state TV.

Cryptocurrency analyst Michaël van de Poppe has stated that the likelihood of Bitcoin (BTC) experiencing a significant decline from its current levels is low. He noted that while U.S. Treasury yields and oil prices have recently surged, a stabilization in these two indicators could allow both the stock market and BTC to resume their upward trends. Van de Poppe projected that if BTC maintains the key support level of $75,000, it could rise to around $90,000, where the 50-week moving average is located on the weekly chart.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Billionaire entrepreneur and one-time crypto advocate Mark Cuban has sold most of his Bitcoin. Speaking on a recent podcast, Cuban said he concluded that cryptocurrency has failed to serve as an effective hedge against fiat currency devaluation and geopolitical instability, leading him to lose faith and reduce his holdings, CoinDesk reported. Cuban noted that during the turmoil of the Iran war, he had viewed Bitcoin as the best alternative to gold for hedging. However, he observed that when gold prices rose, Bitcoin fell, and it also dropped when the U.S. dollar weakened. The expected hedging effect never materialized, a point he found disappointing. He added that he was more disappointed in Bitcoin than in other cryptocurrencies like Ethereum (ETH), which he dismissed as "the rest of the junk."

Coinbase announced via its official X account that it will halt trading support for TRIA, NEO, and IMX perpetual futures starting from 1:00 p.m. UTC on June 4. At the time of the suspension, any open positions held by users will be automatically settled.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,000 on the Binance USDT market.

The final draft of an agreement between the U.S. and Iran, mediated by Pakistan, has been reached and is expected to be announced within hours, Iran's ILNA news agency reported, citing Al Arabiya TV. The draft includes the following provisions: - An immediate and comprehensive ceasefire on all fronts. - A mutual commitment not to target infrastructure. - Guaranteed freedom of navigation in the Persian Gulf and the Strait of Hormuz under a joint monitoring system. - A phased lifting of sanctions against Iran, conditional on its implementation of the agreement's provisions. - The commencement of negotiations on unresolved issues within a maximum of seven days.

Although Ethereum (ETH) has dropped 55% from its peak, the buying pressure needed to absorb the sell-off has vanished, according to an analysis by on-chain firm EasyOnChain cited by CryptoPotato. The firm expressed particular concern not just about the price decline itself, but about the widening gap between the derivatives market and spot demand. EasyOnChain suggested that ETH appears to have already entered a mid-to-long-term bear market, adding that reduced institutional participation, as seen in ETF flows, is a clear warning sign. The analysis also highlighted that the Coinbase Premium has been negative throughout May, which suggests that U.S. institutional investors are leaving the market.

Everclear (CLEAR), formerly known as Connext, announced via its official X account that it has decided to phase out the Everclear Foundation, its development company, and its products. The team explained that while developing a solver-based model for rebalancing cross-chain funds, it struggled with profitability despite once reaching a monthly trading volume of $500 million. A focus on B2B partnerships over the past six months failed to secure revenue in time, as the project's funds were depleted before partners could begin operations. The protocol has since been terminated, with all remaining deposits withdrawn by users and partners, and the Everclear UI and chain are no longer operational. The announcement added that if any funds remain after settling debts, the team is considering a token buyback of between $50,000 and $200,000, although nothing has been confirmed.

U.S. President Donald Trump said it is highly likely that the $149 billion collected from tariffs will have to be refunded. He added that he expects the Supreme Court to rule against him, saying they have a tendency to do so.

U.S. President Donald Trump said the conflict with Iran will end soon.

U.S. President Donald Trump stated that he will not allow Iran to possess enriched uranium. He warned that the U.S. could destroy any such material if Iran acquires it, adding that his administration does not want that to happen.

U.S. President Donald Trump said on May 21 that he would not allow Iran to possess nuclear weapons.

U.S. President Donald Trump said he does not want to impose tolls on passage through the Strait of Hormuz.

U.S. President Donald Trump said very powerful action may be needed against Iran.

U.S. President Donald Trump stated that negotiations with Iran are in progress, adding that an agreement would ultimately be reached.

The true power of tokenization lies in its ability to provide a free market for credit formation and yield generation for asset owners, said MicroStrategy (MSTR) founder Michael Saylor. Appearing on CNBC, he explained that if various securities could be tokenized, investors would naturally seek out the best credit conditions and the highest yields. Saylor argued this would change how credit and yields are priced across the entire asset market, potentially posing a threat to traditional banks and securities brokers.

Garrett Jin, founder of the crypto exchange BitForex, has deposited 30 million USDC into Hyperliquid (HYPE), Lookonchain reported. The address currently holds a 5x leveraged long position on Bitcoin valued at approximately $39 million, with an unrealized loss of around $82,000. Jin, a prominent Bitcoin OG, founded BitForex, an exchange accused of fraud by Hong Kong authorities. He previously faced insider trading allegations in October of last year after entering a large short position just before a significant Bitcoin price drop.

Pro-crypto U.S. Representative Nick Begich announced yesterday on X that he has introduced the American Reserve Modernization Act (ARMA), a bill that proposes stockpiling Bitcoin as a government reserve asset. Begich stated that while the U.S. reserve asset balance sheet is a core component of the nation's insurance policy, backing the dollar and ensuring stability, market perceptions of what constitutes a sustainable store of value can evolve. He argued that the U.S. must acknowledge these shifts and have the flexibility to expand its reserve portfolio. The ARMA bill would also centrally manage digital assets held by the federal government and protect them as reserve assets for future generations, he added.