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Prosecutors and police in Chile's southern metropolitan region have uncovered a cryptocurrency money laundering operation worth approximately $90 million, arresting around 20 individuals, Criptonoticias reported. The group is accused of converting illicit funds into cryptocurrency through exchanges and then transferring the money overseas. An account manager at Banco Santander is also reported to be involved in the scheme. Prosecutors described the case as one of the largest money laundering incidents in Chile in recent times.

The Bhutanese government transferred a total of 738 BTC, worth approximately $45 million, to a newly created external wallet over about an hour, according to on-chain analytics firm Arkham. The government is known to have gradually sold 9,180 BTC over the past 11 months at an average selling price of around $98,067.

The U.S. state of Illinois has passed a budget for its 2027 fiscal year that includes a 0.2% privilege tax on cryptocurrency transactions, Cointelegraph reported. The tax is to be collected and remitted by registered digital asset brokers on a transactional basis. Under the new rules, which would take effect on Jan. 1, 2027, unregistered brokers could face up to five years in prison and fines. The provision, included in an amendment to the Digital Asset Privilege Tax Act, now awaits the signature of Governor J. B. Pritzker to become law. The media outlet added that the measure is projected to generate approximately $60 million in additional annual tax revenue for Illinois but has drawn strong opposition from the industry, which claims it was advanced without prior consultation.

According to an analysis by EmberCN on X, the token Binance Life (币安人生) has surged 62% over the past five days, a period during which BTC and ETH fell by 16% and 21%, respectively. EmberCN noted that two addresses recently withdrew 14 million USDT from Bybit and subsequently purchased 21.1 million Binance Life tokens on-chain at an average price of $0.66. Additionally, another address withdrew 21.5 million Binance Life tokens, valued at approximately $14 million, from Binance.

BitMEX co-founder Arthur Hayes announced on X that he has sold his Worldcoin (WLD) holdings. The move came after he shared a chart of SpaceX (SPCX), commenting that it was going in a strange direction. Hayes previously sold his holdings in Hyperliquid (HYPE), Near Protocol (NEAR), and Zcash (ZEC).

An ETH whale was force-liquidated for 21,540 ETH, worth approximately $33.7 million, after the cryptocurrency's price plummeted to the $1,540 range overnight, according to a post on X by EmberCN. The position's liquidation price was $1,565. EmberCN noted that the price rebounded immediately after the event, suggesting the drop may have been targeted to trigger the liquidation. The same address still holds a loan position of 82,871 ETH ($132 million), with further liquidation prices at $1,527 and $1,459.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $618.14 million liquidated (74.93% longs) - ETH: $491.6 million liquidated (84.09% longs) - ZEC: $132.13 million liquidated (51.75% shorts)

Whale Alert reported that 238,361,762 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $238 million.

Nasdaq-listed Hyperliquid Strategies (PURR) has recorded $1.1 billion in unrealized profit from its strategic accumulation of Hyperliquid (HYPE), The Block reported, citing data from Artemis. The company currently holds approximately 23.7 million HYPE. Another major corporate holder, Hyperion DeFi, holds two million HYPE, representing about $35 million in unrealized profit.

The Spot CVD is an order book analysis chart for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color brightens when the price remains in a certain range for an extended period or moves significantly, with these brighter areas potentially acting as support or resistance. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

According to the prediction market Polymarket, traders are pricing in a 31% probability that Bitcoin will recover to $62,000 on June 6. This represents a 41% decline from the previous assessment. The odds of the price surpassing $64,000 are just 5%. Meanwhile, the probabilities for the $58,000 and $56,000 levels are significantly higher, at 97% and 98%, respectively. The prediction contract has approximately 16 hours and 40 minutes remaining.

According to CoinNess market monitoring, BTC has risen above $61,000. BTC is trading at $61,011.66 on the Binance USDT market.

BTC has risen by 1.55% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $60,958.

Major exchanges have seen $135 million worth of futures liquidated in the past hour. In the past 24 hours, $1,682 million worth of futures have been liquidated.

Hedge funds and short sellers are aggressively betting against Strategy (MSTR), targeting not only its stock but also its fixed-rate preferred stock bonds (STRC) with a barrage of put options, CNBC reported. The move follows a recent policy shift by the company, which had long vowed never to sell its Bitcoin holdings but has recently sold some of its BTC while pursuing an aggressive strategy of bond issuance and repurchases. On June 5, the trading volume of MSTR put options in the U.S. options market was more than double that of call options, with the volume of net purchased puts reaching three times that of calls. This level of activity is nearly three times the average daily trading volume over the past month. Of the $335 million in total option premiums traded that day, $250 million was concentrated in put options, which are bets on a price decline.

According to CoinNess market monitoring, BTC has fallen below $60,000. BTC is trading at $59,987.5 on the Binance USDT market.

Following a sharp decline in the price of Cardano (ADA) after founder Charles Hoskinson announced he was taking a break, Cardano Foundation CEO Frederik Gregaard urged the community on X not to be swayed by short-term market sentiment and to instead focus on the project's long-term fundamentals. He emphasized that market panic and the network's actual technical progress should be considered entirely separate. Previously, Hoskinson announced a temporary suspension of his public activities, citing an inability to endure malicious comments and criticism from the community. He also mentioned the possibility of a chain split.

U.S. President Donald Trump said he wants to see lower interest rates.

The U.S. state of Illinois is considering a 0.2% tax on cryptocurrency transactions, a proposal facing strong backlash from the industry, Cointelegraph reported. The measure, referred to as the Crypto Privilege Tax, was included in the state's fiscal year 2027 budget bill, which has passed the Illinois Senate. The bill includes severe criminal penalties, with brokers such as exchanges and intermediaries facing up to five years in prison for failing to withhold the tax. Critics have warned that the legislation could effectively kill the state's virtual asset industry if signed into law by the governor.

Nasdaq-listed Cypherpunk Technology (CYPH), a firm focused on acquiring Zcash (ZEC), has reiterated its goal of securing 5% of the total ZEC supply, The Block reported. Cypherpunk Chief Investment Officer Will McEvoy stated that Zcash has proven it has an institutional-grade security culture capable of surviving in the age of AI, adding that price fluctuations are a temporary phenomenon. As of May 13, Cypherpunk holds 314,185 ZEC at an average purchase price of $337.86.

Major exchanges have seen $135 million worth of futures liquidated in the past hour. In the past 24 hours, $1,522 million worth of futures have been liquidated.

A long position held by Jeffrey Huang, a famous Taiwanese singer also known as Machi Big Brother, has been partially liquidated, leaving just $11,000 in his Hyperliquid account, Odaily reported.

An advisor to Iran's Supreme Leader told CNN on June 5 that peace talks with the U.S. have stalled over the release of $24 billion in frozen Iranian assets. The advisor stated that the negotiations are deadlocked and that the ball is in President Donald Trump's court to break the impasse. Iran is demanding the immediate release of $12 billion upon the signing of an interim agreement, with an additional $12 billion to be unfrozen in a later phase. U.S. officials, however, are concerned that releasing the assets at this stage would weaken key negotiating leverage. The advisor described the unfreezing of assets as a trust-building measure that would open a new chapter in bilateral relations. He also warned that if the U.S. were to resume military action, Iran would expand the conflict from the Persian Gulf to the Strait of Hormuz, the Indian Ocean, the Bab el-Mandeb Strait, the Red Sea, and the Mediterranean Sea, while adding that the likelihood of war is low. Regarding a potential meeting between Trump and Supreme Leader Ali Khamenei, the advisor dismissed the possibility, stating that the talks are in their first phase and have been stalled by the U.S. president. This contrasts with remarks from President Trump earlier this week, who said he seems to get along well with Khamenei and that a meeting would be a great honor.

BTC has risen by 1.60% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $61,081.54.

According to CoinNess market monitoring, BTC has risen above $61,000. BTC is trading at $61,025.61 on the Binance USDT market.