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Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/03/2026

Jun 3: Coinbase Invests in $22B ProShares Stablecoin Reserves ETF

Crypto Bulls Lose $1.6 Billion as ETH, SOL, DOGE Drop 9% · Microsoft Claims New AI Models Outperform Major Rivals · Bitcoin Stabilizes at $67,000 After Steep Weekly Decline

Jun 3: Coinbase Invests in $22B ProShares Stablecoin Reserves ETF

Market Snapshot

Bitcoin (BTC) is trading at $67,079, down 2.78% in the past 24 hours. Ethereum (ETH) sits at $1,876.41, dropping 5.05%, while Solana (SOL) is at $75.20, down 4.77%. Notably, the past week saw Bitcoin slide 9.5%, highlighting increased volatility even as U.S. equities hit record highs.

Top Stories

Key Takeaways

  • Crypto markets are experiencing heightened volatility, with Bitcoin and major altcoins posting significant weekly losses.
  • Institutional players like Coinbase are deepening ties with both traditional finance (via ETFs) and DeFi (via Ethena).
  • Large-scale liquidations underscore the risks of leverage in crypto trading.
  • AI sector competition is intensifying, with Microsoft directly challenging industry leaders.

What to Watch

Traders will be closely monitoring Bitcoin's price action for signs of stabilization or further downside after the recent 9.5% weekly drop. The upcoming launch of Ethena's savings product on Coinbase could signal new trends in on-chain yield products. In AI, industry observers await independent benchmarks to validate Microsoft's performance claims.