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Crypto Daily | Massive Liquidations Rock Market; Coinbase Backs Ethena, UK Lawmakers Push Stablecoin Easing
Abundance
2023-06-06
$SoFi Technologies Inc.(SOFI)$
Abundance
2022-12-21
$Skillz Inc(SKLZ)$
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your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/571132849460376","repostId":"1105065820","repostType":2,"repost":{"id":"1105065820","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1780460367,"share":"https://ttm.financial/m/news/1105065820?lang=en_US&edition=fundamental","pubTime":"2026-06-03 12:19","market":"us","language":"en","title":"Crypto Daily | Massive Liquidations Rock Market; Coinbase Backs Ethena, UK Lawmakers Push Stablecoin Easing","url":"https://stock-news.laohu8.com/highlight/detail?id=1105065820","media":"Tiger Newspress","summary":"Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsCrypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum,...","content":"<html><head></head><body><p style=\"text-align: left;\"><strong><em>Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.</em></strong></p><h2 style=\"text-align: left;\">Crypto News</h2><p style=\"text-align: left;\"><strong>Crypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum, XRP Liquidations</strong></p><p style=\"text-align: left;\">The recent crypto market rout triggered over $1 billion in liquidations, with Bitcoin bearing the brunt as $805 million in long positions were wiped out. The downturn is fueled by the escalating US-Iran conflict.</p><p style=\"text-align: left;\">The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict.</p><p style=\"text-align: left;\">Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data.</p><p style=\"text-align: left;\">In total, it appears that $141.8 million in crypto liquidations occurred over the past 24 hours, with the overwhelming majority of that loss accruing to long investors (nearly $135 million). The sell-off saw the liquidation of more than 224,500 traders.</p><p style=\"text-align: left;\">Bitcoin-related liquidations accounted for approximately $805.8 million. It resulted in Bitcoin being the biggest contributor to the crypto market crash as the BTC price fell to the $66,000 level.</p><p style=\"text-align: left;\">The amount of Ethereum liquidations increased to approximately $323.5 million. Meanwhile, XRP liquidations rose to nearly $28.8 million with longs accounting for over 95% of the positions liquidated.</p><p style=\"text-align: left;\">The huge liquidation event exacerbated the market drop due to exchanges automatically closing leveraged trades that no longer had enough margin. This selloff drove Bitcoin, Ethereum, XRP, and other cryptocurrencies down further.</p><p style=\"text-align: left;\">The crypto market crash also pulled down the investor sentiment. It forced traders to decrease their risk-taking and reallocate funds into safer assets like cash, gold, and investments tied to oil. Major crypto futures trading platforms also saw funding rates go negative. This hints at continued downward pressure in the short-term.</p><p style=\"text-align: left;\"><strong>Coinbase Invests In Ethena With New Partnership, ENA Price Jumps 10%</strong></p><p style=\"text-align: left;\">Coinbase Ventures bought ENA tokens on the open market in its first investment in Ethena.Coinbase and Ethena have announced their partnership to over 100 million users.The announcement caused the price of ENA to rise by almost 10%.</p><p style=\"text-align: left;\">In a statement shared on social media, Ethena said: “Ethena and Coinbase have partnered to grow on-chain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week. Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bcd3dde10d87135b37b0f7f8042010de\" data-align=\"center\" tg-width=\"636\" tg-height=\"326\"/><span></span></p><p style=\"text-align: left;\"><strong>Bank of England Should Ease Stablecoin Proposals, Lawmakers Say</strong></p><p style=\"text-align: left;\">The Bank of England should ditch proposals to temporarily limit holdings of stablecoins, according to a report by lawmakers in the House of Lords.</p><p style=\"text-align: left;\">The report also said the BOE should reconsider its proposal that issuers hold at least 40% of the backing assets for the stablecoins in unremunerated central bank deposits.</p><p style=\"text-align: left;\">The BOE is considering alternatives, including a limit on the total issuance of a coin, which has been cautiously welcomed by the industry.</p><h2 style=\"text-align: left;\">Bitcoin Spot ETF Flow</h2><p style=\"text-align: left;\">The overall net outflow of the US Bitcoin spot ETF on June 2 was $519.19 million. The total net asset value of Bitcoin spot ETFs is $85 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.28%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d288c740fc6d4bc9718b19feef0a81a\" data-align=\"center\" tg-width=\"1739\" tg-height=\"154\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\">The Bitcoin spot ETF with the highest net outflow on June 2 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $388.64 million, according to SoSoValue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4e21adf78e20ec083a24266309c13133\" data-align=\"center\" tg-width=\"1671\" tg-height=\"389\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\"><br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Daily | Massive Liquidations Rock Market; Coinbase Backs Ethena, UK Lawmakers Push Stablecoin Easing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Daily | Massive Liquidations Rock Market; Coinbase Backs Ethena, UK Lawmakers Push Stablecoin Easing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-06-03 12:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\"><strong><em>Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.</em></strong></p><h2 style=\"text-align: left;\">Crypto News</h2><p style=\"text-align: left;\"><strong>Crypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum, XRP Liquidations</strong></p><p style=\"text-align: left;\">The recent crypto market rout triggered over $1 billion in liquidations, with Bitcoin bearing the brunt as $805 million in long positions were wiped out. The downturn is fueled by the escalating US-Iran conflict.</p><p style=\"text-align: left;\">The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict.</p><p style=\"text-align: left;\">Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data.</p><p style=\"text-align: left;\">In total, it appears that $141.8 million in crypto liquidations occurred over the past 24 hours, with the overwhelming majority of that loss accruing to long investors (nearly $135 million). The sell-off saw the liquidation of more than 224,500 traders.</p><p style=\"text-align: left;\">Bitcoin-related liquidations accounted for approximately $805.8 million. It resulted in Bitcoin being the biggest contributor to the crypto market crash as the BTC price fell to the $66,000 level.</p><p style=\"text-align: left;\">The amount of Ethereum liquidations increased to approximately $323.5 million. Meanwhile, XRP liquidations rose to nearly $28.8 million with longs accounting for over 95% of the positions liquidated.</p><p style=\"text-align: left;\">The huge liquidation event exacerbated the market drop due to exchanges automatically closing leveraged trades that no longer had enough margin. This selloff drove Bitcoin, Ethereum, XRP, and other cryptocurrencies down further.</p><p style=\"text-align: left;\">The crypto market crash also pulled down the investor sentiment. It forced traders to decrease their risk-taking and reallocate funds into safer assets like cash, gold, and investments tied to oil. Major crypto futures trading platforms also saw funding rates go negative. This hints at continued downward pressure in the short-term.</p><p style=\"text-align: left;\"><strong>Coinbase Invests In Ethena With New Partnership, ENA Price Jumps 10%</strong></p><p style=\"text-align: left;\">Coinbase Ventures bought ENA tokens on the open market in its first investment in Ethena.Coinbase and Ethena have announced their partnership to over 100 million users.The announcement caused the price of ENA to rise by almost 10%.</p><p style=\"text-align: left;\">In a statement shared on social media, Ethena said: “Ethena and Coinbase have partnered to grow on-chain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week. Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bcd3dde10d87135b37b0f7f8042010de\" data-align=\"center\" tg-width=\"636\" tg-height=\"326\"/><span></span></p><p style=\"text-align: left;\"><strong>Bank of England Should Ease Stablecoin Proposals, Lawmakers Say</strong></p><p style=\"text-align: left;\">The Bank of England should ditch proposals to temporarily limit holdings of stablecoins, according to a report by lawmakers in the House of Lords.</p><p style=\"text-align: left;\">The report also said the BOE should reconsider its proposal that issuers hold at least 40% of the backing assets for the stablecoins in unremunerated central bank deposits.</p><p style=\"text-align: left;\">The BOE is considering alternatives, including a limit on the total issuance of a coin, which has been cautiously welcomed by the industry.</p><h2 style=\"text-align: left;\">Bitcoin Spot ETF Flow</h2><p style=\"text-align: left;\">The overall net outflow of the US Bitcoin spot ETF on June 2 was $519.19 million. The total net asset value of Bitcoin spot ETFs is $85 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.28%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d288c740fc6d4bc9718b19feef0a81a\" data-align=\"center\" tg-width=\"1739\" tg-height=\"154\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\">The Bitcoin spot ETF with the highest net outflow on June 2 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $388.64 million, according to SoSoValue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4e21adf78e20ec083a24266309c13133\" data-align=\"center\" tg-width=\"1671\" tg-height=\"389\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\"><br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105065820","content_text":"Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsCrypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum, XRP LiquidationsThe recent crypto market rout triggered over $1 billion in liquidations, with Bitcoin bearing the brunt as $805 million in long positions were wiped out. The downturn is fueled by the escalating US-Iran conflict.The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict.Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data.In total, it appears that $141.8 million in crypto liquidations occurred over the past 24 hours, with the overwhelming majority of that loss accruing to long investors (nearly $135 million). The sell-off saw the liquidation of more than 224,500 traders.Bitcoin-related liquidations accounted for approximately $805.8 million. It resulted in Bitcoin being the biggest contributor to the crypto market crash as the BTC price fell to the $66,000 level.The amount of Ethereum liquidations increased to approximately $323.5 million. Meanwhile, XRP liquidations rose to nearly $28.8 million with longs accounting for over 95% of the positions liquidated.The huge liquidation event exacerbated the market drop due to exchanges automatically closing leveraged trades that no longer had enough margin. This selloff drove Bitcoin, Ethereum, XRP, and other cryptocurrencies down further.The crypto market crash also pulled down the investor sentiment. It forced traders to decrease their risk-taking and reallocate funds into safer assets like cash, gold, and investments tied to oil. Major crypto futures trading platforms also saw funding rates go negative. This hints at continued downward pressure in the short-term.Coinbase Invests In Ethena With New Partnership, ENA Price Jumps 10%Coinbase Ventures bought ENA tokens on the open market in its first investment in Ethena.Coinbase and Ethena have announced their partnership to over 100 million users.The announcement caused the price of ENA to rise by almost 10%.In a statement shared on social media, Ethena said: “Ethena and Coinbase have partnered to grow on-chain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week. Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.”Bank of England Should Ease Stablecoin Proposals, Lawmakers SayThe Bank of England should ditch proposals to temporarily limit holdings of stablecoins, according to a report by lawmakers in the House of Lords.The report also said the BOE should reconsider its proposal that issuers hold at least 40% of the backing assets for the stablecoins in unremunerated central bank deposits.The BOE is considering alternatives, including a limit on the total issuance of a coin, which has been cautiously welcomed by the industry.Bitcoin Spot ETF FlowThe overall net outflow of the US Bitcoin spot ETF on June 2 was $519.19 million. The total net asset value of Bitcoin spot ETFs is $85 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.28%.来源：SoSoValueThe Bitcoin spot ETF with the highest net outflow on June 2 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $388.64 million, according to SoSoValue.来源：SoSoValue","news_type":1,"symbols_score_info":{"COYY":0.6,"CONY":0.6,"MSII":0.6,"MSTP":0.6,"FIAT":0.6,"MSTU":0.6,"MSTY":0.6,"CONX":0.6,"COIW":0.6,"COIO":0.6,"WNTR":0.6,"MSTK":0.6,"CONI":0.6,"MST":0.6,"MSTZ":0.6,"MSOO":0.6,"COIA":0.6,"ICOI":0.6,"MSTX":0.6,"MTYY":0.6,"MSST":0.6,"COIG":0.6,"CONL":0.6,"COII":0.6,"MSDD":0.6,"MSTR":2,"MSTW":0.6,"IMST":0.6,"COIN":2,"BTBT":2,"SMST":0.6}},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184472943603816,"gmtCreate":1686061972065,"gmtModify":1686063895262,"author":{"id":"3582786742815840","authorId":"3582786742815840","name":"Abundance","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582786742815840","authorIdStr":"3582786742815840"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$ </a>","listText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$ </a>","text":"$SoFi Technologies Inc.(SOFI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184472943603816","isVote":1,"tweetType":1,"viewCount":1638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926219389,"gmtCreate":1671554659241,"gmtModify":1676538555432,"author":{"id":"3582786742815840","authorId":"3582786742815840","name":"Abundance","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582786742815840","authorIdStr":"3582786742815840"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$ </a>","listText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$ </a>","text":"$Skillz Inc(SKLZ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926219389","isVote":1,"tweetType":1,"viewCount":2292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":571132849460376,"gmtCreate":1780468469672,"gmtModify":1780469877810,"author":{"id":"3582786742815840","authorId":"3582786742815840","name":"Abundance","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582786742815840","idStr":"3582786742815840"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/571132849460376","repostId":"1105065820","repostType":2,"repost":{"id":"1105065820","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1780460367,"share":"https://ttm.financial/m/news/1105065820?lang=en_US&edition=fundamental","pubTime":"2026-06-03 12:19","market":"us","language":"en","title":"Crypto Daily | Massive Liquidations Rock Market; Coinbase Backs Ethena, UK Lawmakers Push Stablecoin Easing","url":"https://stock-news.laohu8.com/highlight/detail?id=1105065820","media":"Tiger Newspress","summary":"Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsCrypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum,...","content":"<html><head></head><body><p style=\"text-align: left;\"><strong><em>Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.</em></strong></p><h2 style=\"text-align: left;\">Crypto News</h2><p style=\"text-align: left;\"><strong>Crypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum, XRP Liquidations</strong></p><p style=\"text-align: left;\">The recent crypto market rout triggered over $1 billion in liquidations, with Bitcoin bearing the brunt as $805 million in long positions were wiped out. The downturn is fueled by the escalating US-Iran conflict.</p><p style=\"text-align: left;\">The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict.</p><p style=\"text-align: left;\">Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data.</p><p style=\"text-align: left;\">In total, it appears that $141.8 million in crypto liquidations occurred over the past 24 hours, with the overwhelming majority of that loss accruing to long investors (nearly $135 million). The sell-off saw the liquidation of more than 224,500 traders.</p><p style=\"text-align: left;\">Bitcoin-related liquidations accounted for approximately $805.8 million. It resulted in Bitcoin being the biggest contributor to the crypto market crash as the BTC price fell to the $66,000 level.</p><p style=\"text-align: left;\">The amount of Ethereum liquidations increased to approximately $323.5 million. Meanwhile, XRP liquidations rose to nearly $28.8 million with longs accounting for over 95% of the positions liquidated.</p><p style=\"text-align: left;\">The huge liquidation event exacerbated the market drop due to exchanges automatically closing leveraged trades that no longer had enough margin. This selloff drove Bitcoin, Ethereum, XRP, and other cryptocurrencies down further.</p><p style=\"text-align: left;\">The crypto market crash also pulled down the investor sentiment. It forced traders to decrease their risk-taking and reallocate funds into safer assets like cash, gold, and investments tied to oil. Major crypto futures trading platforms also saw funding rates go negative. This hints at continued downward pressure in the short-term.</p><p style=\"text-align: left;\"><strong>Coinbase Invests In Ethena With New Partnership, ENA Price Jumps 10%</strong></p><p style=\"text-align: left;\">Coinbase Ventures bought ENA tokens on the open market in its first investment in Ethena.Coinbase and Ethena have announced their partnership to over 100 million users.The announcement caused the price of ENA to rise by almost 10%.</p><p style=\"text-align: left;\">In a statement shared on social media, Ethena said: “Ethena and Coinbase have partnered to grow on-chain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week. Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bcd3dde10d87135b37b0f7f8042010de\" data-align=\"center\" tg-width=\"636\" tg-height=\"326\"/><span></span></p><p style=\"text-align: left;\"><strong>Bank of England Should Ease Stablecoin Proposals, Lawmakers Say</strong></p><p style=\"text-align: left;\">The Bank of England should ditch proposals to temporarily limit holdings of stablecoins, according to a report by lawmakers in the House of Lords.</p><p style=\"text-align: left;\">The report also said the BOE should reconsider its proposal that issuers hold at least 40% of the backing assets for the stablecoins in unremunerated central bank deposits.</p><p style=\"text-align: left;\">The BOE is considering alternatives, including a limit on the total issuance of a coin, which has been cautiously welcomed by the industry.</p><h2 style=\"text-align: left;\">Bitcoin Spot ETF Flow</h2><p style=\"text-align: left;\">The overall net outflow of the US Bitcoin spot ETF on June 2 was $519.19 million. The total net asset value of Bitcoin spot ETFs is $85 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.28%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d288c740fc6d4bc9718b19feef0a81a\" data-align=\"center\" tg-width=\"1739\" tg-height=\"154\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\">The Bitcoin spot ETF with the highest net outflow on June 2 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $388.64 million, according to SoSoValue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4e21adf78e20ec083a24266309c13133\" data-align=\"center\" tg-width=\"1671\" tg-height=\"389\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\"><br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Daily | Massive Liquidations Rock Market; Coinbase Backs Ethena, UK Lawmakers Push Stablecoin Easing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Daily | Massive Liquidations Rock Market; Coinbase Backs Ethena, UK Lawmakers Push Stablecoin Easing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-06-03 12:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\"><strong><em>Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.</em></strong></p><h2 style=\"text-align: left;\">Crypto News</h2><p style=\"text-align: left;\"><strong>Crypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum, XRP Liquidations</strong></p><p style=\"text-align: left;\">The recent crypto market rout triggered over $1 billion in liquidations, with Bitcoin bearing the brunt as $805 million in long positions were wiped out. The downturn is fueled by the escalating US-Iran conflict.</p><p style=\"text-align: left;\">The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict.</p><p style=\"text-align: left;\">Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data.</p><p style=\"text-align: left;\">In total, it appears that $141.8 million in crypto liquidations occurred over the past 24 hours, with the overwhelming majority of that loss accruing to long investors (nearly $135 million). The sell-off saw the liquidation of more than 224,500 traders.</p><p style=\"text-align: left;\">Bitcoin-related liquidations accounted for approximately $805.8 million. It resulted in Bitcoin being the biggest contributor to the crypto market crash as the BTC price fell to the $66,000 level.</p><p style=\"text-align: left;\">The amount of Ethereum liquidations increased to approximately $323.5 million. Meanwhile, XRP liquidations rose to nearly $28.8 million with longs accounting for over 95% of the positions liquidated.</p><p style=\"text-align: left;\">The huge liquidation event exacerbated the market drop due to exchanges automatically closing leveraged trades that no longer had enough margin. This selloff drove Bitcoin, Ethereum, XRP, and other cryptocurrencies down further.</p><p style=\"text-align: left;\">The crypto market crash also pulled down the investor sentiment. It forced traders to decrease their risk-taking and reallocate funds into safer assets like cash, gold, and investments tied to oil. Major crypto futures trading platforms also saw funding rates go negative. This hints at continued downward pressure in the short-term.</p><p style=\"text-align: left;\"><strong>Coinbase Invests In Ethena With New Partnership, ENA Price Jumps 10%</strong></p><p style=\"text-align: left;\">Coinbase Ventures bought ENA tokens on the open market in its first investment in Ethena.Coinbase and Ethena have announced their partnership to over 100 million users.The announcement caused the price of ENA to rise by almost 10%.</p><p style=\"text-align: left;\">In a statement shared on social media, Ethena said: “Ethena and Coinbase have partnered to grow on-chain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week. Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bcd3dde10d87135b37b0f7f8042010de\" data-align=\"center\" tg-width=\"636\" tg-height=\"326\"/><span></span></p><p style=\"text-align: left;\"><strong>Bank of England Should Ease Stablecoin Proposals, Lawmakers Say</strong></p><p style=\"text-align: left;\">The Bank of England should ditch proposals to temporarily limit holdings of stablecoins, according to a report by lawmakers in the House of Lords.</p><p style=\"text-align: left;\">The report also said the BOE should reconsider its proposal that issuers hold at least 40% of the backing assets for the stablecoins in unremunerated central bank deposits.</p><p style=\"text-align: left;\">The BOE is considering alternatives, including a limit on the total issuance of a coin, which has been cautiously welcomed by the industry.</p><h2 style=\"text-align: left;\">Bitcoin Spot ETF Flow</h2><p style=\"text-align: left;\">The overall net outflow of the US Bitcoin spot ETF on June 2 was $519.19 million. The total net asset value of Bitcoin spot ETFs is $85 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.28%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2d288c740fc6d4bc9718b19feef0a81a\" data-align=\"center\" tg-width=\"1739\" tg-height=\"154\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\">The Bitcoin spot ETF with the highest net outflow on June 2 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $388.64 million, according to SoSoValue.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4e21adf78e20ec083a24266309c13133\" data-align=\"center\" tg-width=\"1671\" tg-height=\"389\"/><span>来源：SoSoValue</span></p><p style=\"text-align: left;\"><br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105065820","content_text":"Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsCrypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum, XRP LiquidationsThe recent crypto market rout triggered over $1 billion in liquidations, with Bitcoin bearing the brunt as $805 million in long positions were wiped out. The downturn is fueled by the escalating US-Iran conflict.The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict.Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data.In total, it appears that $141.8 million in crypto liquidations occurred over the past 24 hours, with the overwhelming majority of that loss accruing to long investors (nearly $135 million). The sell-off saw the liquidation of more than 224,500 traders.Bitcoin-related liquidations accounted for approximately $805.8 million. It resulted in Bitcoin being the biggest contributor to the crypto market crash as the BTC price fell to the $66,000 level.The amount of Ethereum liquidations increased to approximately $323.5 million. Meanwhile, XRP liquidations rose to nearly $28.8 million with longs accounting for over 95% of the positions liquidated.The huge liquidation event exacerbated the market drop due to exchanges automatically closing leveraged trades that no longer had enough margin. This selloff drove Bitcoin, Ethereum, XRP, and other cryptocurrencies down further.The crypto market crash also pulled down the investor sentiment. It forced traders to decrease their risk-taking and reallocate funds into safer assets like cash, gold, and investments tied to oil. Major crypto futures trading platforms also saw funding rates go negative. This hints at continued downward pressure in the short-term.Coinbase Invests In Ethena With New Partnership, ENA Price Jumps 10%Coinbase Ventures bought ENA tokens on the open market in its first investment in Ethena.Coinbase and Ethena have announced their partnership to over 100 million users.The announcement caused the price of ENA to rise by almost 10%.In a statement shared on social media, Ethena said: “Ethena and Coinbase have partnered to grow on-chain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week. Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.”Bank of England Should Ease Stablecoin Proposals, Lawmakers SayThe Bank of England should ditch proposals to temporarily limit holdings of stablecoins, according to a report by lawmakers in the House of Lords.The report also said the BOE should reconsider its proposal that issuers hold at least 40% of the backing assets for the stablecoins in unremunerated central bank deposits.The BOE is considering alternatives, including a limit on the total issuance of a coin, which has been cautiously welcomed by the industry.Bitcoin Spot ETF FlowThe overall net outflow of the US Bitcoin spot ETF on June 2 was $519.19 million. The total net asset value of Bitcoin spot ETFs is $85 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.28%.来源：SoSoValueThe Bitcoin spot ETF with the highest net outflow on June 2 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $388.64 million, according to SoSoValue.来源：SoSoValue","news_type":1,"symbols_score_info":{"COYY":0.6,"CONY":0.6,"MSII":0.6,"MSTP":0.6,"FIAT":0.6,"MSTU":0.6,"MSTY":0.6,"CONX":0.6,"COIW":0.6,"COIO":0.6,"WNTR":0.6,"MSTK":0.6,"CONI":0.6,"MST":0.6,"MSTZ":0.6,"MSOO":0.6,"COIA":0.6,"ICOI":0.6,"MSTX":0.6,"MTYY":0.6,"MSST":0.6,"COIG":0.6,"CONL":0.6,"COII":0.6,"MSDD":0.6,"MSTR":2,"MSTW":0.6,"IMST":0.6,"COIN":2,"BTBT":2,"SMST":0.6}},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926219389,"gmtCreate":1671554659241,"gmtModify":1676538555432,"author":{"id":"3582786742815840","authorId":"3582786742815840","name":"Abundance","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582786742815840","idStr":"3582786742815840"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$ </a>","listText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$ </a>","text":"$Skillz Inc(SKLZ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926219389","isVote":1,"tweetType":1,"viewCount":2292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184472943603816,"gmtCreate":1686061972065,"gmtModify":1686063895262,"author":{"id":"3582786742815840","authorId":"3582786742815840","name":"Abundance","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582786742815840","idStr":"3582786742815840"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$ </a>","listText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$ </a>","text":"$SoFi Technologies Inc.(SOFI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184472943603816","isVote":1,"tweetType":1,"viewCount":1638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
