Crypto’s RWA Expansion Amid Regulatory Shifts (2026-06-02)

Ondo Finance will launch the RWA perpetual contract platform Ondo Perps

RWA tokenization platform Ondo Finance is expected to launch its RWA perpetual contract platform, Ondo Perps, in the coming weeks, supporting the use of tokenized RWAs as collateral for trading.

Ondo Finance’s new CEO, Ian De Bode, said that in the future, the company will expand from asset tokenization to trading, prime brokerage, and asset management, building an on-chain financial system covering stocks, ETFs, crypto assets, commodities, and prediction markets, and will be open to everyone.

[Foresight News]

Citron Research founder Andrew Left convicted of securities fraud, faces over 20 years in prison

June 2nd news, according to Bloomberg, Andrew Left, the founder of the well-known short-selling institution Citron Research, has been convicted of manipulating stock prices using dishonest social media posts.

After a three-week trial in Los Angeles, the jury found Left guilty on 13 of 17 counts, including one count of securities fraud. Prosecutors alleged that Left illegally influenced stock prices and profited quickly from explosive tweets about dozens of companies between 2018 and 2023, earning over $20.00 million.

Left stated in court that he would appeal, calling the verdict an attack on freedom of speech and innocent trading behavior. He faces more than 20 years in prison and will be sentenced on August 31.

The case has been closely watched by the short-selling industry, and a Yale University professor said the verdict would have a chilling effect on short-sellers.

[PANews]

Whale Loracle has completely closed its HYPE short position, with losses exceeding $46.00 million.

On June 2, according to Onchain Lens monitoring, the whale Loracle (@loraclexyz) has fully closed its short position in HYPE, incurring losses exceeding $46 million.

Currently, it holds long positions in ZEC (10x), TON (5x), ASTER (5x), and XMR (5x), as well as a short position in TSLA (5x).

[PANews]

Data: Mt. Gox transferred $739.00M USD worth of BTC after 6 months, destination currently unclear.

According to crypto analyst Ai Yi @ai_9684xtpa’s monitoring, Mt. Gox-related cold wallets transferred 10,423 BTC to a new address 6 minutes ago, worth approximately $739.00 million. In addition, the address also transferred 116 BTC to the Mt. Gox hot wallet, worth approximately $8.25 million.

Currently, the 10,423 BTC transferred to the new address have not been subsequently transferred, and their specific purpose is not yet clear. This is the first time in about 6 months that a large on-chain transfer has occurred from a Mt. Gox-related address.

[ChainCatcher]

Injective releases “Vulcan Mainnet Upgrade” proposal, planning to introduce a new oracle engine and reduce overall transaction costs.

Injective has released the “Vulcan Mainnet Upgrade” proposal, which is currently in the voting stage. The proposal includes plans to conduct the Vulcan Mainnet upgrade (v1.20.0) on June 4th.

The upgrade includes the launch of a new generation oracle engine (reducing oracle Gas fee consumption by 90.00% and integrating Pyth Pro and SEDA oracles); providing unified oracle access capabilities for EVM smart contracts through precompilation; strengthening stablecoin issuance infrastructure, and promoting standardized USDC standards.

In addition, the upgrade will provide institutional-grade low-cost pricing for tokenized RWA markets and prepare for subsequent Morpho integration; significantly reduce overall transaction costs, while further strengthening the security of cross-chain bridges (including strict address verification, concurrent processing optimization, and Ledger multi-signature support).

[Foresight News]

Ethereum spot ETFs saw a total net outflow of $44.4389 million yesterday, marking the 15th consecutive day of net outflows.

According to SoSoValue data, yesterday (June 1st, US Eastern Time), Ethereum spot ETFs had a total net outflow of $44.4389 million.

The Ethereum spot ETF with the largest single-day net outflow yesterday was Blackrock’s ETF ETHA, with a single-day net outflow of $34.9728 million. Currently, ETHA’s total historical net inflow reaches $114.00 billion. The second largest was Fidelity’s ETF FETH, with a single-day net outflow of $9.4662 million, and FETH’s total historical net inflow currently reaches $21.43 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $111.40 billion, and the ETF net asset ratio (market value as a percentage of the total market value of Ethereum) reaches 4.6%, with a total historical net inflow of $113.30 billion.

[Foresight News]

Bank of Russia: Russian citizens’ interest in investing in cryptocurrencies has not increased

On June 2, according to Bits.media, the Central Bank of Russia stated that the interest of Russian citizens in cryptocurrency investment has not increased. The country’s central bank’s “Financial Stability Review” shows that Russians hold about 3.8 billion rubles of financial instruments linked to cryptocurrencies, which is basically the same as six months ago.

Private investors hold 1.7 billion rubles of cryptocurrency-linked commercial bonds. Including corporate investors, the total market size is 4.1 billion rubles, with retail investors accounting for 42%, mainly issued by Sberbank and VTB. Approximately 5,600 private investors hold 1.7 billion rubles in cryptocurrency futures positions, and approximately 3,800 people invested 354.00 million rubles in digital financial assets linked to Bitcoin and Ethereum.

The country’s central bank allowed financial institutions to offer crypto-linked yield instruments a year ago, but they must not involve physical delivery of cryptocurrencies and are limited to professional investors.

[PANews]

Loracle Fully Closes HYPE Short Position with Losses Exceeding $46.00 Million

According to Onchain Lens monitoring, Loracle (@loraclexyz) has fully closed its HYPE short position, incurring losses exceeding $46 million.

It currently holds 10x long positions in ZEC, 5x long positions in TON, 5x long positions in ASTER, 5x long positions in XMR, and a 5x short position in TSLA.

[Odaily]

The Solana Foundation is recruiting a team to build on-chain perpetual contracts and derivatives applications, and will provide funding and technical support.

On June 2, according to the official blog, the Solana Foundation announced it is recruiting teams to build fully on-chain perpetual contracts, derivatives, and related trading applications, offering support through distribution channels, technical assistance, and funding.

The Foundation is particularly seeking teams that meet the following criteria:
– Fully on-chain execution—i.e., order submission, oracle updates, matching, cancellation, and settlement all occur on-chain;
– Competitive pricing achieved via genuine price discovery—i.e., based on two-sided order flow rather than pool-based models;
– Solana-first design—with application revenue structurally flowing back to the network at the protocol level;
– Innovation;
– Experienced teams—i.e., teams with existing off-chain or hybrid-architecture products willing to migrate to fully on-chain execution;
– Open-source code.

The Foundation also welcomes teams building peripheral infrastructure and products for perpetual contracts—including front-end integrations, treasuries, structured products, aggregators, advanced trading interfaces, market-making operations, and social trading.

[PANews]

The Central Bank of Brazil requires cryptocurrency service providers to undergo financial audits and tightens licensing rules.

The Central Bank of Brazil has tightened licensing rules for virtual asset service providers, requiring them to pass an independent financial audit before obtaining an operating license, effective June 1.

Auditors must not only examine the company’s financial condition but also review its compliance with anti-money laundering and counter-terrorism financing regulations, including whether the platform separates its own funds from customer assets, its risk management methods, and employee training. Auditors must be registered with the Brazilian Securities and Exchange Commission.

Crypto exchanges, brokerages, and custody services applying for a license for the first time must comply with the requirements from the start of the registration process, and companies already holding licenses must also pass an independent audit when renewing them.

Brazil first clarified in legislation in 2022 that virtual asset services are regulated by the central bank, and in November 2025, it established a category for licensed virtual asset service providers.

[PANews]

Bitcoin spot ETFs had a total net outflow of $484.00 million yesterday, continuing the net outflow for 11 consecutive days.

According to SoSoValue data, yesterday (June 1st, US Eastern Time), the total net outflow of Bitcoin spot ETFs was $484.00 million.

Yesterday, the Bitcoin spot ETF with the largest single-day net inflow was Morgan Stanley ETF MSBT, with a single-day net inflow of $6.14 million. Currently, MSBT’s total historical net inflow has reached $239.00 million.

Yesterday, the Bitcoin spot ETF with the largest single-day net outflow was Blackrock ETF IBIT, with a single-day net outflow of $440.00 million. Currently, IBIT’s total historical net inflow has reached $63.37 billion.

[PANews]

Andrew Left, founder of Citron Research, was convicted of securities fraud and faces more than 20 years in prison.

Andrew Left, the founder of the well-known short-selling firm Citron Research, has been convicted of manipulating stock prices using dishonest social media posts. After a three-week trial in Los Angeles, the jury found Left guilty on 13 of 17 counts, including one count of securities fraud.

Prosecutors alleged that between 2018 and 2023, Left illegally influenced stock prices and made quick profits by using explosive tweets about dozens of companies, earning over $20.00 million from it. Left stated in court that he would appeal, calling the verdict an attack on and innocent trading behavior.

He faces more than 20 years in prison and will be sentenced on August 31. The case has been closely watched by the short-selling industry, with a Yale University professor saying the verdict will have a chilling effect on short sellers.

[ChainCatcher]

Japan’s Liberal Democratic Party议员联盟 submitted a Web3 policy proposal, calling for the inclusion of blockchain in the national strategy.

The Japan Liberal Democratic Party’s Blockchain Promotion Parliamentary League submitted a policy proposal to Finance Minister Kayoko Katayama on June 1, calling for the explicit inclusion of blockchain and Web3 in Japan’s national strategy.

The proposal covers multiple areas, including tax reform, crypto ETFs, regulation of leveraged trading, responses to unregistered operators, cryptocurrency strategy, and trade logistics. Specifically, it recommends further research into the selection mechanism between the “separate reporting taxation” and “source-separated taxation” approaches for crypto assets, and explores tax treatment for crypto asset exchanges and inheritance procedures.

Regarding derivatives regulation, the proposal argues that the current 2x leverage cap on individual crypto leveraged trading is too low and suggests gradually raising the leverage limit in conjunction with margin management systems. Additionally, the proposal calls for clarifying the regulatory positioning of crypto ETFs and strengthening law enforcement cooperation with overseas regulatory authorities.

Finance Minister Kayoko Katayama stated that she will actively advance related institutional development, including implementing crypto ETFs and researching a new tax regime scheduled to take effect in January 2028.

[Odaily]

Mt.Gox transferred 10,423 BTC to a new address 6 minutes ago, worth approximately $739.00 million.

According to monitoring by @ai_9684xtpa, Mt. Gox’s cold wallet transferred 10,423 BTC to a new address 6 minutes ago, valued at approximately $739 million; this batch of BTC has not yet been moved further, and its purpose remains unknown.

Additionally, Mt. Gox transferred 116 BTC to its hot wallet, valued at approximately $8.25 million.

[Foresight News]

Bitcoin spot ETFs had a total net outflow of $484.00 million yesterday, continuing the net outflow for 11 days.

According to SoSoValue data, yesterday (June 1, US Eastern Time), the total net outflow of Bitcoin spot ETFs was 484 million USD.

The Bitcoin spot ETF with the highest single-day net inflow yesterday was Morgan Stanley’s ETF MSBT, with a net inflow of 6.1434 million USD, bringing its historical total net inflow to 239 million USD. The Bitcoin spot ETF with the highest single-day net outflow yesterday was BlackRock’s ETF IBIT, with a net outflow of 440 million USD, bringing its historical total net inflow to 63.367 billion USD.

As of the time of writing, the total net asset value of Bitcoin spot ETFs is 91.16 billion USD, the ETF net asset ratio (market capitalization as a percentage of total Bitcoin market capitalization) has reached 6.37%, and the historical cumulative net inflow has reached 55.179 billion USD.

[Foresight News]

Binance will delist multiple spot trading pairs, including AXL/BTC and CRV/BTC, on June 5.

June 2nd news, according to the official announcement, based on recent review results, Binance will remove the following spot trading pairs and stop trading at 11:00 (East Eight District Time) on 2026-06-05: AXL/BTC, CRV/BTC, EGLD/BTC, OPN/BNB, POL/ETH, QTUM/USDC, and SKY/BTC.

[PANews]

Ondo CEO: Ondo Perps, the RWA perpetual contract platform, is expected to launch in a few weeks and will continue advancing its business according to the established roadmap.

Ondo Finance CEO Ian De Bode has released an open letter mourning the recent passing of the company’s founder, Nathan Allman, and stating that Ondo will continue to advance its business development according to its established roadmap.

Ian De Bode stated that Nathan Allman had built a sound management team and product plan during his lifetime, and that the company’s leadership and board structure remain stable, and the strategic direction will not change. He revealed that Ondo will announce a new infrastructure plan in the coming days and continue to push for the launch of Ondo Perps. The product is positioned as the first perpetual contract platform for Real World Assets (RWA), allowing tokenized assets to participate in trading as collateral, and is expected to be officially launched in the coming weeks.

In addition, Ian De Bode said that Ondo’s current on-chain asset size is close to $4.00 billion and will continue to expand around tokenized stocks, ETFs, Treasuries and yield-bearing assets, further extending into areas such as trading, prime brokerage and asset management.

[Odaily星球日报]

Compass Point reaffirms its bearish rating on Coinbase, citing intensifying derivatives competition.

On June 2, according to Decrypt, Compass Point analysts reiterated their bearish rating on Coinbase, with a target price of $140, warning that intense competition in the derivatives space will squeeze Coinbase’s profit margins.

The analysts noted that although Coinbase has obtained regulatory approval—via its subsidiary Deribit—to offer offshore crypto perpetual contracts to U.S. users, the potential market entry of Kalshi and Binance heightens these risks.

Competition is fierce and user switching costs are low, constraining Coinbase’s pricing power relative to spot trading—especially among high-net-worth users, who are most likely to trade these products.

[PANews]

Dan Ives Names Top 5 AI Stocks to Watch Amid the Anthropic IPO Hype on Wall Street

Anthropic filed a confidential IPO with the SEC on June 1, 2026, at a $965 billion valuation, reigniting the AI rally and turning all eyes back to the most exposed Wall Street names. We break down what the Anthropic IPO means for the market and the five AI stocks on Dan Ives’ shopping list right now.

An IPO filing is the formal step a private company takes to begin selling shares to public investors. Anthropic just took that step, becoming the first major AI lab to do so this cycle. The numbers are striking; the Claude developer recently closed a funding round at a $965 billion valuation, surpassing rival OpenAI. Meanwhile, its revenue run rate jumped from $10 billion to $47 billion in roughly one year.

Dan Ives, Global Head of Tech Research at Wedbush, called the move a major step for Anthropic and the opening of the floodgates for an IPO market that had been dormant for years. Three major AI conglomerates are now expected to go public during 2026. For broader AI stocks, the IPO acts as a confidence signal, validating institutional demand for AI exposure and pushing Wall Street to revisit which listed names benefit most directly from the next leg of the cycle.

Ives also told CNBC the tech sector now sits in the first hour of the third inning of the AI supercycle, suggesting significant upside still ahead. His shopping list starts with chips; the first name is NVIDIA, which he calls the Godfather of AI. He estimates every dollar spent on an NVIDIA chip generates an $8 to $10 multiplier across the rest of the tech sector. The NVIDIA narrative also got a recent boost at Computex, where Jim Cramer praised the company’s new RTX Spark chip, which aims to bring full AI capabilities directly to laptops and desktop computers, challenging Apple’s own offerings.

The second pick is AMD. Despite recent volatility, Ives sees it as a core beneficiary of the AI infrastructure buildout and continued enterprise spending on accelerated computing across global data centers and cloud platforms. The third name is Micron Technology; Ives describes the current cycle as a memory supercycle that should continue playing out for several quarters, lifting the entire DRAM and high-bandwidth memory complex powering AI servers.

On the hyperscaler side, Microsoft tops his list. The company combines deep Azure integration with strong enterprise AI distribution, giving it leverage on both infrastructure spending and software monetization across multiple business lines. Oracle rounds out the five; its expanding cloud infrastructure footprint and growing AI workload base have made it an increasingly central player in the institutional AI buildout, fueling steady analyst upgrades and inflows.

The next major catalyst is the Anthropic roadshow itself. Once the SEC review concludes, the company can begin formally pitching to institutional investors, with pricing dynamics likely to set the tone for the OpenAI and SpaceX listings expected later in the cycle. Investors should also watch how capital expenditure guidance evolves at the major hyperscalers. Any signal that AI infrastructure spending will keep accelerating into 2027 would directly support the bullish thesis behind Ives’ five favorite stocks.

Whale Loracle fully closed its HYPE short position, incurring losses exceeding $46.00 million

According to Onchain Lens monitoring, whale Loracle has completely closed its HYPE short position, with losses exceeding $46.00M.

Currently, it holds long positions in ZEC (10x leverage), TON (5x leverage), ASTER (5x leverage), and XMR (5x leverage), as well as a short position in TSLA (5x leverage).

[Foresight News]