Here’s a quick recap of the crypto landscape for Monday (June 1) as of 10:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin (BTC) was priced at US$72,791.35, trading 1.6 percent lower over the past 24 hours.
Chart via TradingView
Bitcoin price performance, June 1, 2026.
Ether (ETH) was priced at US$1,985.25.88, trading 1.9 percent lower over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.30, trading 2.4 percent lower in 24 hours.
- Solana (SOL) was trading at US$80.98, trading 2 percent lower over the past 24 hours.
Today’s crypto news to know
Coinbase secures CFTC approval to offer global crypto perpetual futures
The Commodity Futures Trading Commission (CFTC) has officially greenlit Coinbase to offer cryptocurrency perpetual futures, making it the first US exchange granted access to the offshore derivatives market.
The domestic exchange will connect American customers directly to Deribit, an offshore crypto options platform Coinbase acquired last year for US$2.9 billion.
Perpetual futures operate as highly leveraged derivatives contracts with no expiration date, allowing traders to borrow capital and aggressively bet on future digital asset prices.
While Coinbase has yet to finalize the specific assets it will offer, the CFTC has broadly cleared the platform to list any “digital commodity” perpetual contracts currently traded on Deribit. This category covers major tokens like Bitcoin, Ethereum, and Solana, alongside highly volatile assets like Dogecoin.
In a simultaneous development, the CFTC also authorized prediction market Kalshi to launch the first American-born Bitcoin perpetual futures.
Binance expands into US stock and ETF trading
Binance expands into traditional finance as it launches US stock and exchange-traded fund trading directly on its platform.
The new service grants users access to more than 7,000 US equities and ETFs alongside their existing digital asset portfolios. The rollout features fractional trading capabilities, allowing retail investors to purchase slices of expensive public stocks for as little as US$5.
The decision aligns the firm with competitors like Coinbase and the retail-focused brokerage Robinhood, both of which already offer access to digital and traditional markets.
Furthermore, the cryptocurrency exchange is also offering round-the-clock 24/5 equity trading, catering to the growing retail demand for access to US markets outside the confines of standard Wall Street trading sessions.
Sequans Communications abandons Bitcoin treasury strategy
Paris-based semiconductor firm Sequans Communications (NYSE:SQNS) is officially pulling the plug on its Bitcoin corporate treasury strategy, announcing the redemption of all debt tied to its massive cryptocurrency acquisitions.
The company said it had funded the total debt clearance by liquidating nearly 80 percent of its Bitcoin holdings over the past several months.
Sequans originally launched its crypto playbook in June 2025, successfully raising US$384 million through debt and equity instruments to stockpile digital assets. The company rapidly accumulated 3,000 Bitcoin by the end of July 2025, but the pivot broke following a severe crypto market flash crash in mid-October.
The firm subsequently dumped 970 BTC in November and offloaded another 1,025 BTC throughout the first quarter of 2026 to de-risk its balance sheet. During the recent Q1earnings call CEO Georges Karam definitively confirmed the company has no intention of continuing its corporate treasury strategy.
Sequans currently holds roughly 658 fully unencumbered Bitcoin on its balance sheet, which it plans to steadily monetize over time as it refocuses entirely on its core semiconductor business.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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