Daily Market Report — June 3, 2025
Crypto markets opened the week with renewed strength as Ethereum led a mild recovery, surging 4.66% to $2,634.34. Bitcoin followed with a modest 0.85% gain, trading at $106,093.29. Despite the uptick, futures liquidations remained elevated at $112.53 million, and the Fear & Greed Index eased slightly to 58 — indicating lingering caution.
Altcoins continued their active rotation. HSQ/USDT soared 50.23%, making a strong rebound, while X/USDT and LQTY/USDT gained 25.55% and 17.66% respectively, fueled by fresh airdrops and DEX momentum.
In policy and institutional news, stablecoin legislation developments in Hong Kong are expected to accelerate RWA tokenization by Mainland enterprises, according to CITIC Securities. CreatorBid debuted its Launchpad V2 with decentralized screening, while Tether introduced its new cross-chain gold-backed stablecoin XAUt0 on the TON blockchain.
Meanwhile, Robinhood made headlines by acquiring crypto exchange Bitstamp for $200 million. SharpLink’s stock, after a 2000% rally, corrected 30% post-funding and the launch of its new ETH strategy.
Airdrop tokens like Sonic are entering circulation, with 25% unlocked immediately and 75% vesting over 270 days — signaling longer-term ecosystem incentives.
Michael Crag
