Your Weekly Crypto Roundup – June 3, 2025
As the crypto world enters June, we’re seeing signs of recovery, resilience, and regulatory clarity. From historic legal decisions to massive corporate bets on Bitcoin, here are the biggest stories you need to know from last week.
Weekly Highlights
Hyperliquid Whale Loses $100M in Days
James Wynn, a prominent trader on Hyperliquid, suffered a staggering $100 million loss in just days. The loss was due to an overleveraged 40x long position on Bitcoin, which was completely liquidated after BTC dipped below $105K. A stark reminder of why risk management is non-negotiable in crypto trading.
Trump Media Bets Big on Bitcoin
In a surprising move, Trump Media & Technology Group announced a $2.3 billion investment in Bitcoin. The capital, raised via common share sales and convertible debt, will go towards establishing a Bitcoin treasury reserve, signaling the company’s intent to become a major player in the crypto economy.
SEC Drops Binance Lawsuit
A big win for the crypto industry — on May 31, the U.S. SEC officially dropped its 2023 lawsuit against Binance and founder Changpeng Zhao. This decision marks a turning point in regulatory sentiment and significantly reduces uncertainty surrounding the world’s largest crypto exchange.
Hacks Down, Recovery Efforts Up
May recorded 20 major crypto hacks totaling $244.1M, down 39.29% from April. More importantly, Sui and Cetus Protocol successfully recovered $157M (71% of the $220M stolen), showcasing enhanced recovery capabilities. Still, the $2.2M MBU token exploit reminds us that vigilance remains essential.
Market Insight: Pi Cycle Top Indicator Still Calm
One of Bitcoin’s most-watched on-chain indicators — the Pi Cycle Top Indicator — has yet to flash a signal. Historically, this tool has accurately predicted cycle tops in 2017 and 2021 through the crossover of the 111DMA and 2x the 350DMA. Since the crossover hasn’t occurred yet, there may still be room for upside.
But don’t mistake confidence for certainty. Short-term corrections are normal, especially as volatility picks up near tops. Traders are advised to stay cautious, manage leverage wisely, and consider the bigger picture.
Events to Watch
🧾 June 11 – U.S. CPI Data Release
The Consumer Price Index (CPI) for May will give clues about inflation. Barclays projects:
- CPI MoM: +0.3%
- CPI YoY: +2.3%
- Core CPI MoM: +0.2%
- Core CPI YoY: +2.8%
A lower-than-expected reading could spark optimism and drive crypto markets higher, while a hotter print may revive bearish sentiment.
THORChain Mainnet 3.5 Upgrade
THORChain’s next major upgrade promises improved cross-chain swap efficiency. If successful, the upgrade could drive broader adoption of RUNE and spark renewed interest in decentralized liquidity protocols. Monitor the development updates on X to determine the launch timing.
Final Thoughts
From tightening security postures to mainstream players entering the arena, the crypto market is evolving fast. However, regardless of your level of experience, risk management and context are more crucial than ever.