{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/63e26a946b77a10011ea5094/6a1da841c1105f0d11fbfdb4?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"June 1: ETF Outflows Hit $2.97B","description":"<h1>Brief Summary:</h1><ul><li>Bitcoin opened June weak, trading around $72K and briefly dipping below $72,000.</li><li>U.S. spot Bitcoin ETFs have now seen a record 10 straight days of net outflows, totaling $2.97 billion.</li><li>Strategy disclosed the sale of 32 Bitcoin for about $2.5 million between May 26 and May 31, its first disclosed BTC disposal.</li><li>Strategy still holds 843,706 Bitcoin at an average purchase price of $75,699.</li><li>The proceeds from Strategy’s sale are earmarked for preferred-stock distributions, raising questions about how its capital structure interacts with its Bitcoin strategy.</li><li>Ethereum is trading around $2,000 while broader crypto remains under pressure.</li><li>XLM surged more than 40% after DTCC selected Stellar for a tokenized securities platform rollout.</li><li>DTCC oversees more than $114 trillion in assets and processes about $2.5 quadrillion in securities transactions annually.</li><li>HYPE remains one of the few relative-strength tokens, supported by demand for newly introduced HYPE-based ETFs.</li><li>Binance launched U.S. stock and ETF trading, giving users access to more than 7,000 securities and fractional shares starting at $5.</li><li>Citi projects tokenized securities could reach $5.5 trillion by 2030, with a bull case of $8.2 trillion.</li><li>GENIUS Act stablecoin comment periods begin closing June 2, moving stablecoin rules from legislation into implementation.</li><li>The Senate floor window reopens June 3 for another push on the Clarity Act and related crypto market-structure provisions.</li><li>Sui suffered three mainnet halts in 48 hours due to upgrade-related bugs, though no user funds were lost.</li><li>Aave is overhauling listing standards after the $230 million rsETH exploit exposed bridge and off-chain infrastructure risk.</li><li>A whitehat researcher unlocked about $2 million in ETH trapped in a failed 2016 HongCoin ICO contract.</li><li>The SEC sued a Texas man over an alleged $12.3 million fake AI crypto bot scheme.</li><li>Friday’s U.S. jobs report is the key macro event this week, with nonfarm payrolls expected around 96,000 and unemployment at 4.3%.</li></ul><p><br></p>","author_name":"Matt Diemer"}