Daily Recap — June 3

Lead stories

The SEC has declared digital assets a strategic priority through 2030.

The United States is imposing sanctions on Iran’s largest cryptocurrency exchanges — Nobitex, Bitpin, Ramzinex, and Wallex.

Tether is launching a Visa card with up to 6% cashback in XAUT, meaning rewards will be paid in tokenized gold rather than points.

A whale on HTX had a long position worth nearly $60 million liquidated by a single order.

Mastercard is expanding settlements in regulated stablecoins and aims to make instant transfers available even on weekends and public holidays.

Wildberries plans to launch its own messaging app.

The crypto portfolios of Tom Lee and Michael Saylor are currently deep in the red — BitMine holds 5,400,000 ETH with an unrealized loss of around $8.9 billion, while Strategy holds 843,700 BTC with an unrealized loss of approximately $7.6 billion.

The highly hyped LAB token crashed by about 77% within a few hours — falling from a peak of around $24 to $5.7 and wiping out nearly $6.8 billion in market capitalization.

Binance will shut down its NFT marketplace on July 3, 2026, giving users one month to withdraw their assets.

Microsoft is looking to get ahead of OpenAI in the AI devices market.

Stripe, Visa, and Mastercard are launching a new stablecoin platform, and Coinbase may also join the initiative.

Russia’s Ministry of Finance is actively discussing stablecoin regulation, though a detailed standalone law on stablecoins is expected to be addressed at a later stage.

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