The Block Crypto News Digest - 2026-06-04
Crypto · · 1 min read
The Block Digest — 2026-06-04
Coinbase launches pre-IPO perpetual futures, starting with SpaceX
Source: https://www.theblock.co/post/403620/coinbase-pre-ipo-perpetual-futures-spacex Published: Thu, 04 Jun 2026 06:00:00 -0400
Coinbase has entered the pre-IPO perpetual futures market, starting with a SpaceX contract, offering up to 5x leverage.
Arthur Hayes sells entire HYPE and NEAR positions, citing AI IPOs and US midterms
Source: https://www.theblock.co/post/403616/arthur-hayes-sells-hype-near Published: Thu, 04 Jun 2026 05:36:55 -0400
Hayes faced backlash from social media users after selling the tokens days after publicly touting them.
Coinbase, SpaceX, Meta join DOJ anti-scam operation that froze $3.8 million in crypto
Source: https://www.theblock.co/post/403608/coinbase-spacex-meta-join-doj-anti-scam-operation-that-froze-3-8-million-in-crypto Published: Thu, 04 Jun 2026 04:49:44 -0400
Private-sector firms joined the DOJ's "Disruption Week," freezing $3.8 million in crypto and disrupting 1.4 million scam-linked accounts.
Polymarket’s UMA vote upholds ‘No’ outcome on Strategy bitcoin sale market despite backlash
Source: https://www.theblock.co/post/403600/polymarket-upholds-no-outcome-strategy-bitcoin-sale-market Published: Thu, 04 Jun 2026 00:21:17 -0400
The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31.
Bitmine to launch STRC-style preferred stock offering amid $9.2 billion unrealized ETH losses
Source: https://www.theblock.co/post/403594/bitmine-preferred-stock-offering Published: Wed, 03 Jun 2026 22:38:47 -0400
The company plans to use the net proceeds for general purposes, which may include purchasing additional ETH and expanding staking operations.
Hyperliquid’s HYPE overtakes Solana in price as SOL falls to lowest levels since 2023
Source: https://www.theblock.co/post/403585/hyperliquid-hype-overtakes-solana-price-sol-falls-lowest-since-2023 Published: Wed, 03 Jun 2026 16:57:29 -0400
Hyperliquid's market capitalization has climbed to over $16 billion, but still well behind Solana's $42 billion.
Crypto VC deal count slumps to five-year low as investors grow more selective
Source: https://www.theblock.co/post/403382/crypto-vc-deal-flow-hits-multi-year-low-billion-dollar-rounds-keep-capital-flowing Published: Wed, 03 Jun 2026 15:42:03 -0400
Monthly venture deal count in crypto fell to roughly 50 deals in May, a level not seen since before 2021.
EdgeX offers refunds and launches 200,000 USDC bounty after 71% token flash crash
Source: https://www.theblock.co/post/403567/edgex-offers-refunds-200000-usdc-bounty-71-token-flash-crash Published: Wed, 03 Jun 2026 12:56:29 -0400
EdgeX says that 174 addresses flooded a PancakeSwap pool with EDGE token sell orders during a period of low liquidity.
Hyperliquid hits record share of global perps market as HIP-3 tops $62 billion monthly volume
Source: https://www.theblock.co/post/403384/hyperliquid-record-share-global-perps-market-hip-3-tops-62-billion-monthly-volume Published: Wed, 03 Jun 2026 12:56:02 -0400
Despite the bullish sentiment on HIP-3, Hyperliquid's pure crypto volumes are down significantly year over year.
Bessent backs summer push for Clarity Act, says bitcoin reserve moving at ‘deliberate speed’
Source: https://www.theblock.co/post/403563/bessent-backs-summer-push-clarity-act-bitcoin-reserve-moving-deliberate-speed Published: Wed, 03 Jun 2026 12:36:45 -0400
Treasury Secretary Scott Bessent said the department is moving at a "deliberate speed" to establish a strategic bitcoin reserve.