Bitcoin and ether declined on June 1, 2026, extending losses into a sixth negative day in seven as U.S.-Iran tensions weighed on risk appetite. The CoinDesk 20 Index fell 2% since midnight UTC, while bitcoin and ether each lost 1%.
Bitcoin traded at $72,700, down 3.5% for May, a month that historically posts a 7.4% average gain. Spot bitcoin ETFs recorded $2.97 billion in net outflows over 10 consecutive days. Open interest in BTC futures held steady at $19.5 billion, with funding rates between 0% and 10% annualized across venues, suggesting institutional positioning remained cautious but not panicked.
Liquidations totaled $282 million in the 24-hour period, split 60-40 between longs and shorts. ETH notional liquidations reached $59 million, while BTC accounted for $48 million. The core liquidation level on Binance sat at $72,280.
Stellar (XLM) surged 40.4% in 24 hours to $0.2862, lifting its market cap to $9.6 billion. The rally followed the Depository Trust and Clearing Corporation’s May 27 announcement that it had selected Stellar’s network for its tokenized securities platform rollout.
XLM cleared a monthslong descending channel that had constrained the token since late last year. Perps open interest rose 10.9% to $361 million, though derivatives liquidations remained modest at $12 million. Spot turnover surged 34% to $2.3 billion. The token’s prior resistance levels sat at $0.20 and $0.26; long-term support rested at $0.14.
DTCC oversees more than $114 trillion in assets and processes approximately $2.5 quadrillion in securities transactions annually. The DTCC partnership operates under an SEC No-Action Letter issued in December 2025 authorizing tokenization of real-world assets. Production testing is targeted for July 2026, with wider rollout in October 2026 and broader platform availability in the first half of 2027. Stellar is the first public blockchain in DTCC’s multichain tokenization strategy.
Citi has predicted the tokenized securities market will reach $5.5 trillion by 2030, according to related analysis.
Hyperliquid’s HYPE token, which started trading last month, gained 1.26% since midnight to reach $73.94, a record high. Capital has entered newly introduced ETFs based on the token.
The CoinDesk DeFi Select Index fell 2.6%. Ondo Finance, a DeFi project whose founder Nathan Allman died unexpectedly last week, saw its ONDO token decline 2.8% and fall 17% since Allman’s death. U.S. equity micro-futures, the S&P 500 and Nasdaq 100 contracts, each gained 0.2%.
