🌙 Bitcoin Holds Above $106K

The cryptocurrency market continued to rally on Tuesday after Federal Reserve Chair Jerome Powell made dovish remarks regarding future monetary policy the previous day.

Author

Mike Gavela
June 03, 2025

In partnership with

Crypto Roundup - June 3

Bitcoin continues to trade above $106,000 as the Federal Reserve hints at a more dovish policy outlook, fueling investor optimism across digital asset markets. BlackRock has made major crypto moves, transferring over $560 million worth of Bitcoin to Coinbase Prime and purchasing $95 million in Ethereum, signaling increasing institutional confidence. Meanwhile, the Sui blockchain community has voted to reimburse users affected by the $162 million Cetus hack, marking a rare, coordinated validator response to a major exploit.

Top Stories

  • Bitcoin stays above $106K as the Fed suggests a potential easing in monetary policy, boosting crypto market sentiment.

  • BlackRock shifts $560M in BTC to Coinbase Prime and acquires $95M of ETH, deepening its exposure to digital assets.

  • Sui validators approve $162M refund to Cetus hack victims, showcasing proactive governance in Web3 infrastructure.

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TOP STORIES

Bitcoin Holds Above $106,000 as Fed Signals Potential Dovish Shift - "The Defiant"

ETH climbed 3.5%, while SOL and XRP surged 5%.

thedefiant.io/news/markets/bitcoin-holds-above-usd106-000-as-fed-signals-potential-dovish-shift

BlackRock Moves Over $560 Million of Bitcoin to Coinbase, Buys $95 Million of Ethereum - "The Defiant"

The world’s largest asset manager’s moves could signal a potential institutional pivot toward Ethereum.

thedefiant.io/news/tradfi-and-fintech/blackrock-moves-over-usd560-million-of-bitcoin-to-coinbase-buys-usd95-million-of-ethereum

Sui Validators Vote to Restore $162 Million to Hacked Cetus Users - "The Defiant"

By voting to hard fork the blockchain, Sui validators invoked memories of the DAO hack, when a vote to restore stolen funds fractured the Ethereum community.

thedefiant.io/news/blockchains/sui-validators-vote-to-restore-usd162-million-to-hacked-cetus-users

FUNDRAISING

OTHER HEADLINES

Tornado Cash founder Roman Storm is running out of money for legal fees

Tornado Cash co-founder Roman Storm is asking for another $2M after already spending millions over the past two years.

protos.com/tornado-cash-founder-roman-storm-is-running-out-of-money-for-legal-fees

Circle IPO traders send wrong CRCL stock up 16,000%

Circle (CRCL) is going public this week, but traders transposed their excitement to another CRCL stock, which spiked 16,000%.

protos.com/circle-ipo-traders-send-wrong-crcl-stock-up-16000

Meta's AI-Related Energy Deal a Boon for Bitcoin Miners

The market may also be benefitting from a positive JOLTS report, which showed 7.4 million job openings.

www.coindesk.com/markets/2025/06/03/bitcoin-miners-notch-gains-as-meta-signs-20-year-ai-deal-with-nuclear-plant

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