Daily Market BriefJun 3, 2025

Daily Market Brief 250603

  • $BTC retraced most of its losses and is at where it was at yesterday. As of now $BTC is trading at $105,845 and $ETH is trading at $2,606. Bitcoin dominance stands at 64.25%.

  • James Wynn, a high-leverage trader on Hyperliquid, gained fame for turning a $3–4 million investment into a peak profit of $87 million. However, his aggressive high-leverage trades ultimately led to a full liquidation, leaving just $23 in his account. Yesterday, he sold 126,116 $HYPE for $4.13 million and opened a 40x long position on $BTC, despite claiming he would take a break.

  • A few other headlines include: Robinhood has completed a $200 million acquisition of Bitstamp, Strategy has announced a proposed public offering of 2,500,000 shares of its 10% Series A Perpetual Stride Preferred Stock, and Binance US announced spot listing of $HYPE.

  • During the last 24 hours, the top three gainers were $SYRUP, $SPX, and $APE, while the top three losers were $DEXE, $ZBCN, and $RAY.

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