Breaking News Preview:
- Binance will launch a new product on June 1st, which is speculated by the community to be related to US stock investments;
- Unitree Robotics' IPO on the Science and Technology Innovation Board will be reviewed on June 1st;
- Sui (SUI) will unlock approximately 14.36 million tokens at 8:00 AM Beijing time on June 1st, representing approximately 0.36% of the circulating supply, with a value of approximately $13.1 million.
- Microsoft's annual developer conference will be held from June 2nd to 3rd, where it will officially release several self-developed artificial intelligence models;
- Tea Protocol, an on-chain open-source software platform, announced that it will hold its TGE on June 4th.
June 1
Policy and regulation:
Japan's Financial Services Agency (FSA) announced an amendment to the Cabinet Office Ordinance, formally recognizing foreign trust beneficiary rights, which are considered "equivalent" to Japan's electronic settlement methods, as electronic settlement methods under the Payment Services Act. The amendment will take effect on June 1st. This revision clarifies two points: first, it establishes a legal basis for providing services to eligible foreign trust-type stablecoins within Japan; second, it stipulates that when dealing with foreign electronic settlement methods, the equivalence standard should be based on their eligibility to the Japanese system. Simultaneously, related foreign trust beneficiary rights will be excluded from the category of securities under the Financial Instruments and Exchange Act and will be regulated solely as electronic settlement methods.
Exchange:
Binance has announced the launch of a new product on June 1st. The accompanying tweet, featuring a haystack, has sparked speculation that it may be related to US stock investment channels, given the similar pronunciation to "Hey Stock."
CME Group plans to launch cash-settled Bitcoin volatility futures on June 1.
The Chicago Mercantile Exchange Group (CME Group) plans to launch cash-settled Bitcoin volatility futures on June 1, pending regulatory approval. The product, trading under the ticker symbol BVI, will have a multiplier of $500 per contract multiplied by the BVX index value and will settle to the CME CF Bitcoin Volatility Index (a real-time 30-day implied volatility indicator). Giovanni Vicioso, Global Head of Crypto Products at CME, stated that this move will allow traders to directly trade and hedge Bitcoin volatility without making directional bets on Bitcoin prices.
Unitree Robotics' IPO on the Science and Technology Innovation Board will be reviewed on June 1st.
The Shanghai Stock Exchange Listing Review Committee is scheduled to hold its 31st review meeting of 2026 on June 1, 2026, to review the initial public offering (IPO) of Unitree Robotics.
Binance delisted all spot trading pairs of A2Z, FORTH, HOOK, IDEX, LRC, NTRN, RDNT, and SXP starting at 11:00 AM (UTC+8) on April 1st and suspended related Trading Bots services. Furthermore, deposits to these tokens ceased after 3:00 AM (UTC) on April 2nd. Withdrawal support will continue until 3:00 AM (UTC) on June 1st, after which tokens may be converted to stablecoins without guarantee.
Upbit will delist the DRIFT token on June 1st.
South Korean cryptocurrency exchange Upbit will terminate trading support for the DRIFT token at 15:00 (Korean time) on June 1, 2026, affecting the DRIFT/KRW, DRIFT/BTC, and DRIFT/USDT trading pairs. Upbit previously listed DRIFT as a designated item for trading caution on April 2, and after review, determined that the reasons for designation had not been eliminated, hence the decision to terminate trading support.
Project Updates:
The Bitcoin Ordinals browser Ord.io will shut down on June 1st.
Ord.io, the Bitcoin ordinals browser, announced on the X platform that it will shut down on June 1st. Launched three years ago, the platform has served over one million users. The team plans to upload its complete history of likes, replies, and public addresses to GitHub so that future ordinals browsing tools can be built based on this data.
Meme coin trading app Zap announced it will shut down on June 1st.
Memecoin trading app Zap announced on the X platform that the project will shut down on June 1st. The app aimed to allow users to register and purchase their first memecoin within 30 seconds, but failed to achieve the expected market response. Zap advised users to log in to their accounts before the shutdown, export their private keys, and import them into their Phantom wallets to continue accessing their assets. After June 1st, users who have not exported their private keys can still securely access their funds through Privy Home.
Token unlocking:
Sui (SUI) will unlock approximately 14.36 million tokens at 8:00 AM Beijing time on June 1st, representing about 0.36% of the circulating supply, with a value of approximately $13.1 million.
EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing time on June 1st, representing about 6.55% of the circulating supply, with a value of approximately $7.8 million.
June 2
Macroeconomics:
At 13:50 on Tuesday, June 2nd, Neel Kashkari, a 2026 FOMC voting member and President of the Federal Reserve Bank of Minneapolis, will speak; at 20:30, Hamak, a 2026 FOMC voting member and President of the Federal Reserve Bank of Cleveland, will speak on monetary policy.
Exchange:
OKX will delist the MAJOR and J spot trading pairs on June 2nd.
OKX will delist the MAJOR/USD and MAJOR/USDT trading pairs at 16:00 on June 2nd, and the J/USDT trading pair at 16:00 on June 5th. Users are advised to cancel any pending orders in advance to avoid unnecessary waiting or system operations. These trading services will be suspended simultaneously at 16:00 on May 30th.
Community activities:
Microsoft's annual developer conference, Build 2026, is scheduled to be held in San Francisco from June 2nd to 3rd, focusing on the practical applications of cutting-edge AI technologies. The Information reports that Microsoft will release several self-developed AI models at the event, aiming to gain recognition from the developer community. Sources familiar with the plans indicate that Microsoft intends to launch a programming-specific model to enhance the competitiveness of its code assistant, GitHub Copilot. It is also reported that Microsoft will release several new models with different parameter specifications, specializing in scenarios such as speech transcription, logical reasoning, speech processing, and image generation.
Token unlocking:
Ethena (ENA) will unlock approximately 40.63 million tokens at 3 PM Beijing time on June 2nd, representing about 0.49% of the circulating supply, with a value of approximately $3.7 million.
June 3
Policy and regulation:
The UK Financial Conduct Authority (FCA) is seeking public comment on guidance for a future cryptocurrency regulatory regime, expected to come into effect on October 25, 2027. The FCA stated that the consultation aims to help companies understand the impact of the new regime, and the feedback window will close on June 3, 2026. The guidance will clarify requirements for areas such as stablecoin issuance, cryptocurrency trading, custody, and staking.
Since the end of 2025, the FCA has released a series of regulatory consultations covering trading platforms, intermediaries, prudential standards, listing disclosures, and market abuse. Before the new regime takes effect, UK crypto regulation remains incomplete, primarily limited to financial promotion and anti-money laundering. Companies can apply for authorization from September 2026, with the application period expected to end in February 2027. Companies already registered under existing anti-money laundering regulations will not automatically receive authorization under the new regime; all companies providing regulated crypto asset services must obtain authorization under the Financial Services and Markets Act.
Project Updates:
Echelon, a modular money market protocol, announced the phase-out of kAPT and stkAPT in its core pools on Aptos. Deposit and lending functionality for both assets is currently disabled. Starting May 20th, the related E-Mode collateralized value (LTV) will drop to 0%, and both assets will be removed from E-Mode on May 27th. The liquidation threshold will drop to 0% on June 3rd. Echelon advises users to close or migrate their positions as soon as possible to avoid subsequent liquidation risks.
June 4
Macroeconomics:
At 02:00 on June 4, the Federal Reserve released its Beige Book on economic conditions.
Exchange:
Coinbase will suspend trading of TRIA, NEO, and IMX perpetual contracts on June 4th.
Coinbase announced that it will suspend trading of TRIA-PERP, NEO-PERP, and IMX-PERP perpetual contracts at approximately 21:00 (UTC+8) on June 4, 2026. Any remaining open positions will be automatically settled upon suspension, with the final settlement price calculated based on the average index price over the 60 minutes prior to the suspension, and the final funding rate set to zero. Coinbase reserves the right to suspend trading and adjust the final settlement price to a reasonable level at any time.
Project Updates:
Tea Protocol, an on-chain open-source software platform, announced that it will hold a TGE event on June 4th.
Tea Protocol tweeted that the roadmap for its token TEA has been finalized, with a launch on Aerodrome. Voting will open on May 25, and TGE will take place on June 4.
Based on the foundation's announcement that Season 3 tokens will be automatically distributed, users who have not signed the relevant terms must complete the process by June 4th.
The Based Foundation announced that Season 3 has ended, and BASED tokens will be directly deposited into the staking account without needing to be claimed separately. If users signed the relevant terms during Genesis, BASED will be distributed to their accounts on May 11, 2026. If users did not sign, they must accept the terms by June 4, 2026, and the tokens will be distributed on June 7, 2026.
June 5
Macroeconomics:
At 8:30 PM on June 5th, the US will release its May unemployment rate, May seasonally adjusted non-farm payrolls, and May average hourly earnings year-on-year/month-on-month growth rates.
The next round of talks between the US and Iran may be held on June 5.
According to Xinhua News Agency, sources revealed that the next round of talks between the United States and Iran may be held on June 5.
Policy and regulation:
The U.S. House Oversight Committee has launched an investigation into Kalshi and Polymarket for insider trading, and the two companies are required to submit relevant documents by June 5.
James Comer, chairman of the House Oversight and Government Reform Committee, announced that the committee has sent letters to Polymarket CEO Shayne Coplan and Kalshi CEO Tarek Mansour regarding insider trading, requesting the two companies to submit relevant documents explaining their respective measures in identity verification, enforcement of geographic restrictions, and monitoring of unusual transactions, with a deadline of June 5.
In a letter to Polymarket, Comer pointed out that the cryptographic infrastructure and user anonymity of prediction markets could provide exploitable structural vulnerabilities for insiders with national security clearances. Several previous suspected insider trading cases have already surfaced: a U.S. soldier was arrested for allegedly using inside information to bet on Maduro's downfall in Venezuela on Polymarket, profiting approximately $400,000; a New York Times investigation also revealed that over 80 Polymarket users established positions hours before the U.S. and Israel's strikes against Iran. On the Kalshi platform, several congressional candidates were banned in April for betting on their own election results.
Project Updates:
U.S. Judge Margaret M. Garnett in New York on Wednesday postponed her ruling on Aave's emergency application to unfreeze $71 million in ETH related to the Kelp DAO hack, requiring both parties to submit supplemental statements before a hearing on June 5. Aave sought to use the ETH frozen by Arbitrum to aid in recovery efforts following the attack, but the U.S. law firm Gerstein Harrow filed for a restraining order in early May, claiming its clients had claims on the funds. The judge stated that Aave failed to adequately explain how the continued existence of the restraining order would result in "cumulative losses" on user funds and raised six key questions requiring further clarification from both parties, including whether New York's asylum doctrine applied to the hacked transactions, the legal distinction between fraud and theft, and creditor priority. Both parties must submit their documents by May 22.
Michael Figge, CEO of Yuga Labs, tweeted that the company will be restructuring ApeCoin to reduce coordination costs and strengthen integration with other businesses. Yuga Labs and ApeCo (formerly the Ape Foundation) previously operated in parallel due to the regulatory environment, resulting in high coordination costs. With increased regulatory clarity, the company has decided to simplify the structure. Cam, co-founder and head of ApeCo, will be leaving the company. The core technology and business development team of ApeChain will be directly integrated into Yuga Labs, and some ApeCo members will also be leaving. The transition will be completed by June 5th. Furthermore, the company plans to conduct roadshows in Hong Kong, Shanghai, Taipei, and Seoul in June to engage face-to-face with partners, exchanges, institutions, and community members to promote the synergistic development of BAYC, Otherside, and ApeCoin.
Token unlocking:
Opinion (OPN) will unlock approximately 32.09 million tokens at 8 PM Beijing time on June 5th, representing about 10.89% of the circulating supply, with a value of approximately $4.4 million.
June 6
None available
June 7
Token unlocking:
RedStone (RED) will unlock approximately 40.85 million tokens at midnight Beijing time on June 7th, representing about 10.87% of the circulating supply, worth approximately $4.9 million.
