Dogecoin and Shiba Inu each fell about 9% as bitcoin slid toward $60,000, with heavy volume and liquidations breaking key support levels. Both tokens saw their biggest volume spikes on breakdowns rather than rebounds, signaling sellers remain in control, according to CoinDesk. Dogecoin dropped from $0.0891 to $0.0830, while Shiba Inu fell from $0.000004997 to $0.000004630. Technical signals suggest further downside unless DOGE and SHIB reclaim former support levels that have turned into resistance.

Regions Bank agreed to pay the US $4,919,631 to resolve allegations of unjust enrichment linked to a forgiven Paycheck Protection Program (PPP) loan. According to NS3.AI, the US Department of Justice said the Alabama-headquartered bank had $157.4 billion in consolidated assets. The settlement agreement states that the decision to settle does not constitute an admission of liability.

Rep. Brad Sherman said government payments made in stablecoins could make tax evasion easier. According to NS3.AI, Sherman argued that using stablecoins for official disbursements would create new avenues for avoiding taxes. NCUA Chairman Kyle Hauptman offered a different view, saying stablecoins could help deliver tax refunds faster and enable quicker distribution of emergency stimulus payments. The remarks were made during a House Financial Services Committee hearing focused on implementing the GENIUS Act.

SEC Division of Trading and Markets Director Jamie Selway said SEC Chair Paul Atkins has instructed the division to advance the development of a framework for the listing and trading of tokenized securities. According to ChainCatcher, Selway made the remarks at the Piper Sandler Global Exchange and FinTech Conference, adding that the guiding principle is to support innovation without creating regulatory arbitrage.

Securitize said the U.S. Securities and Exchange Commission declared effective its Form S-4 registration statement for the company’s planned merger with a special purpose acquisition company. According to NS3.AI, a special shareholders’ meeting to approve the merger is scheduled for June 29. If shareholders approve the deal, Securitize Corp. is expected to trade on the New York Stock Exchange under the ticker SECZ.

S&P Dow Jones Indices has delivered a surprise ruling: SpaceX will not be fast-tracked into the S&P 500, and the index's eligibility criteria are not changing. Despite Nasdaq, FTSE Russell, and Morningstar CRSP all rewriting their rule books to accommodate the incoming wave of mega-IPOs, S&P Dow Jones has declined to follow — leaving the world's most influential equity index operating under the same standards it always has. What S&P Dow Jones decided Following its consultation on the treatment of MegaCap companies, S&P Dow Jones Indices stated: "No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family." Three existing rules keep SpaceX out for the foreseeable future. The seasoning requirement demands 12 months of trading before a company can even be considered for inclusion — meaning SpaceX cannot join the S&P 500 for at least a year after its IPO regardless of any other factor. The investable weight factor requires that at least 10% of total shares outstanding be freely available for trading — a threshold that may be difficult to meet given the concentrated ownership structure typical of founder-led companies. And the financial viability screen requires four consecutive quarters of positive net income from continuing operations — a bar that SpaceX, depending on how its financials are structured across its various business lines, may or may not clear easily. Every other major index provider took the opposite approach The contrast with other index providers makes S&P's decision more striking. The consultation had been widely expected to result in rule changes after Nasdaq, FTSE Russell, and Morningstar CRSP all moved to accommodate mega-IPOs ahead of the S&P ruling. MSCI and FTSE Global already had fast-tracking mechanisms for mega-IPOs using free-float weights after 10 and 5 trading days respectively — frameworks built precisely for situations like SpaceX. FTSE Russell updated its Russell indices methodology to align with the FTSE Global rule book. Morningstar CRSP dropped its minimum free-float requirement entirely to admit SpaceX and comparable floaters after only five days of trading. Nasdaq cleared a path for fast-track inclusion at a three-times weight after just 15 days. S&P Dow Jones stood alone in refusing to move — a decision that carries significant implications given that the S&P 500 is the benchmark for an estimated $10 trillion or more in indexed and benchmarked assets globally. What this means for SpaceX and markets For SpaceX, the immediate practical consequence is that the enormous passive buying pressure that typically accompanies S&P 500 inclusion — index funds mechanically purchasing shares to match the benchmark weight — will not materialize at IPO or in the months immediately following it. That removes one of the most reliable catalysts for post-IPO price appreciation that mega-cap technology companies have historically benefited from. The longer timeline also introduces more uncertainty. SpaceX must trade publicly for 12 months, demonstrate sufficient free-float, and generate four consecutive quarters of positive net income before the S&P Index Committee will even consider inclusion. For a company whose business spans satellite internet, rocket launches, defense contracts, and the newly merged xAI artificial intelligence operations, the income calculation is complex. The deeper question: is passive the new active? S&P's decision raises a question that goes beyond SpaceX. As the largest index providers diverge sharply on how they handle mega-cap IPOs — with some fast-tracking after five days and others maintaining 12-month seasoning requirements — the composition of indices that were supposed to represent passive, rules-based market exposure is increasingly reflecting active judgment calls about which companies to include and when. When CRSP drops its free-float minimum and Nasdaq creates a three-times weight fast-track specifically to capture one company, the boundary between passive indexing and active curation becomes difficult to locate. S&P's refusal to follow suggests at least one major provider believes that boundary matters — and that the integrity of a consistent, rules-based methodology is worth more than the commercial pressure to accommodate the market's biggest new listings. Whether that judgment proves correct will depend on how much benchmarked capital flows toward the indices that include SpaceX quickly versus those that do not — and whether the resulting performance divergence creates enough pressure to force S&P's hand at a future review, according to Financial Times.

U.S. Energy Secretary Wright said the United States will replenish the Strategic Petroleum Reserve with 40 million barrels of crude oil after the Iran conflict ends. According to Odaily, Wright made the remarks in comments reported by Fox News.

As of June 3, 2026, MicroStrategy (MSTR) held 843,706 Bitcoins (market value of approximately $53.1 billion), while also carrying $6.7 billion in convertible bonds and $15.5 billion in perpetual preferred stock, with an annualized interest payment obligation of approximately $1.712 billion.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Artificial Intelligence (AI) is Dominating the RMB's Trend. Golden Finance reports that the RMB has continued to appreciate this year, a rather "abnormal" trend.

Stablecoins, payments: The world's first "interest-bearing stablecoin" license has been issued, not by the US or the EU, but by Bahrain. Golden Finance reports that global stablecoin regulation is heading towards a split.

US stocks, stablecoins, and buying US stocks with stablecoins are opening a dangerous underground highway. Golden Finance reports that these news items from the past two days are significant on their own.

Zcash (a privacy-focused version of Bitcoin) had a four-year-old cryptographic forgery vulnerability that human auditors had failed to detect. However, an AI system released just one day ago found it within a single day.

The real competitive advantage of crypto payment projects lies not in who gets a cheap license first, but in who can put together a system that can operate sustainably in the long term, including licenses, banks, channels, on-chain risk control, customer access, contractual responsibilities, and operational discipline.

Wall Street, SpaceX: With Roadshow Data, What Does Wall Street Think of SpaceX Now? Golden Finance: Four Price Anchors Given by Wall Street.

During its roadshow, SpaceX defined itself as "the only company that is building three major infrastructures simultaneously: space, connectivity, and AI."

BTC, cryptocurrency, institutions suffer heavy losses as BTC falls below the 200-week moving average. According to Jinse Finance, BTC continues its downward trend, once again testing the 61k level.