Brief Summary:

• Bitcoin fell below $73,000 this morning, hitting its lowest level since April 13 as U.S.-Iran strikes rattled global markets.
• Brent crude jumped toward the mid-$90s, reviving inflation concerns and pressuring risk assets.
• Crypto liquidations totaled roughly $958.8 million over 24 hours, with longs accounting for about $897 million.
• Ethereum broke below $2,000 for the first time since late March, while Ether futures open interest hit a record 16.39 million ETH.
• BlackRock’s IBIT saw $527.84 million in net outflows Wednesday, its second-largest single-day withdrawal since launch.
• The 11 U.S. spot Bitcoin ETFs lost a combined $733.43 million Wednesday, with more than $2 billion leaving the complex over two weeks.
• Samsung affiliates agreed to buy a combined 4% stake in Dunamu, operator of Upbit, for about $408 million.
• VanEck’s tokenized Treasury fund VBILL is now live on Euler, allowing tokenized U.S. Treasuries to be used as onchain collateral.
• The White House is reviewing a proposed CFTC rule on prediction markets, which could shape Kalshi, Polymarket, sports, election, and event-contract markets.
• The CFTC and Gemini jointly asked a federal court to unwind Gemini’s old $5 million settlement.
• Reuters reported that UniCredit warned Europe may be less able than the U.S. to contain crypto-bank shocks.
• A Google engineer was charged over alleged insider trading on Polymarket using confidential Google search data.
• U.S. Treasury operations from May 28 to June 5 could drain roughly $150 billion in liquidity, adding another macro pressure point for Bitcoin.
• CoinMarketCap’s Altcoin Season indicator fell to 30 out of 100, showing broad altcoin weakness.

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