On June 3rd, according to CoinDesk, BCB Markets, the trading division of crypto payment company BCB Group, announced on Tuesday that it has reached an agreement with Societe Generale – FORGE, a digital asset subsidiary of French bank Societe Generale, to promote its Euro pegged stablecoin EURCoinVertible (EURCV).
This move marks another progress in the wider application of fiat linked digital assets, as major institutions begin to seek alternatives to stablecoins outside of the US dollar.
According to official sources, OKX will discontinue perpetual contracts JUSDT, SWEATSDT, PUFFERUSDT, MOVRUSDT, and SUNDOGUSDT on June 5, 2025 at 4:00 pm (UTC+8). At that time, relevant contract trading will be suspended, all user pending orders will be cancelled, and the arithmetic mean of the OKX index one hour before the offline will be used as the delivery price for the offline perpetual contract, and all user positions under the contract will be delivered. If there is abnormal manipulation of the index price one hour before going offline, the platform may adjust the final delivery price to a reasonable level for delivery based on the actual situation.
Details Announcement: https://www.okx.com/zh-hans/help/okx-to-delist-several-perpetual-futures
According to Paolo Ardoino on the X platform, Tether Group is transferring 917.47360612 BTC to the address bc1qp7n... lqr for pre allocation of options to support the conversion of investors into Twenty One Capital (XXI) equity.
According to BlockBeats, on June 3rd, Matrixport released a daily chart analysis stating that "it is often heard that the market for altcoins is coming - the cryptocurrency market is about to enter the so-called 'banana zone'. But for this situation to truly occur, Bitcoin's dominant position must continue to decline, indicating that altcoins are gradually seizing market share.
However, retail trading activity is still sluggish, and speculative futures trading is approaching historical lows.
This indicates that the current market demand is almost entirely focused on Bitcoin, and mainly concentrated in the spot market rather than leveraged derivatives.
Although the rise of Bitcoin may be slower, it is still the safest trading choice in the current market environment - even if the price experiences consolidation in the summer, as we saw last year, and is expected to do so this year
According to CoinDesk, the cryptocurrency market has rebounded significantly since early April, with the market share of Bitcoin, Ethereum, and Solana spot trading continuing to rise during the Asian trading session, and falling below 45% of the 30 day moving average during the US session, hitting the lowest level since Trump's victory in 2024. Despite a rebound of over 40% in Bitcoin prices, overall spot trading volume remains below the level at the beginning of the year. FalconX pointed out that the trading volume of 11 Bitcoin spot ETFs listed in the United States has increased from 25% to 45% of the global BTC spot market, becoming an important driving force for this round of market trends.
