CoinDesk June 4 update: 1. U.S. Treasury Secretary: The Trump administration will expand its Bitcoin reserves; 2. Total liquidations across the network reached $1.105 billion, with long positions accounting for approximately $891 million; 3. U.S. crypto ETFs saw $3 billion in outflows, raising concerns over institutional selling; 4. Stripe, Visa, and Mastercard may launch a stablecoin platform; 5. Kalshi launches CFTC-approved Bitcoin perpetual contracts, opening new opportunities for U.S. traders; 6. Cointelegraph: Coinbase Base network transaction volume surpasses 100 million; 7. Hyperliquid price surges past Solana amid market downturn; 8. Worldcoin rallies 29% as BTC and ETH experience significant declines; 9. BTC OG insider whale: Long positions in BTC see unrealized losses expand to $13.68 million; 10. Zcash price rises over 10% following vulnerability patch.
U.S. Treasury Secretary: Trump Administration to Increase Bitcoin Reserves
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Summary
Bitcoin breaking news: The U.S. Treasury Secretary announced that the Trump administration plans to expand its Bitcoin reserves. Network liquidations reached $1.105 billion, with long positions totaling $891 million. Bitcoin-related news triggered a $3 billion outflow from U.S. crypto ETFs. Stripe, Visa, and Mastercard may be developing stablecoin platforms. Kalshi launched CFTC-approved Bitcoin perpetual contracts.
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