Here’s a quick recap of the crypto landscape for Wednesday (June 3) 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$67,022.31, trading 2.9 percent lower over the past 24 hours.
Chart via TradingView
Bitcoin price performance, June 3, 2026.
Ether (ETH) was priced at US$1,875.63.61, trading 5.1 percent lower over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.24, trading 2.3 percent lower in 24 hours.
- Solana (SOL) was trading at US$75.01, trading 4.8 percent lower over the past 24 hours.
Today’s crypto news to know
Strategy shares dip following shock Bitcoin sale
Shares in corporate Bitcoin giant Strategy (NASDAQ:MSTR) plummeted more than 9 percent on Tuesday, compounding a sharp monthly slide after the firm disclosed its first cryptocurrency sale since 2022.
The stock closed at US$136.08, marking a 15 percent drop over the last five trading days and a 23 percent retreat for the month, leaving the company 70 percent off its 52-week high of US$457.22.
Executive Chairman Michael Saylor had previously telegraphed the transaction, which involved liquidating 32 Bitcoin to raise roughly US$2.5 million—a minuscule fraction of Strategy’s US$56 billion digital asset portfolio.
However, investors penalized the stock due to dissatisfaction with the company moving away from its long-promoted “buy and hold forever” philosophy.
Us Treasury sanctions Iran’s largest cryptocurrency exchange
The United States government officially announced sanctions against Nobitex, Iran’s largest cryptocurrency exchange, accusing the platform of acting as a financial lifeline for blacklisted state institutions.
The sanction followed a high-profile media investigation exposing how the exchange operated as a central node in a parallel financial network designed to process hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps (IRGC).
Treasury Secretary Scott Bessent in a statement condemned the Iranian regime for co-opting digital asset technologies to evade Western economic blockades and move wealth out of the country while its domestic economy faces a free fall.
Bureaucrats revealed that Nobitex actively maintained its transactional infrastructure to shield and transfer state funds even during total government-imposed internet blackouts.
Alongside blacklisting the exchange itself, the US Treasury individually sanctioned Nobitex CEO Amir Hossein Rad and two powerful corporate figures from the influential Kharrazi dynasty, Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali, who reportedly utilized rare alternative surnames to obscure their corporate identities.
In a statement released to customers, meanwhile, Nobitex claimed it had anticipated international sanctions for years due to the unique challenges of operating an Iranian business and maintained that management had implemented long-term preparations to navigate the restrictions.
MoneyGram debuts native MGUSD stablecoin
Global remittance giant Moneygram International Inc. (NASDAQ:MGI:US) has officially launched MGUSD, a native US dollar-pegged stablecoin designed to serve as the technological foundation for its international payments network.
The digital token will offer users a stable, dollar-denominated balance accessible 24/7 directly within a self-custodial wallet inside the MoneyGram mobile app to cater to everyday families sending cross-border remittances and billions of unbanked consumers globally.
Bridge, a digital asset infrastructure firm recently acquired by Stripe, serves as the primary, GENIUS Act-compliant issuer responsible for the minting and burning mechanics of the stablecoin, while MoneyGram secures the underlying capital using institutional Fireblocks wallets.
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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.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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