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Twelve consecutive days of ETF outflows, a $1.26 billion dark-pool IBIT sale, and Iran threatening to shut the Strait of Hormuz are converging on a market that Binance Research says is losing capital to US equities — not to a crypto-native crisis.
The WSJ reports that traditional finance traders are using the decentralised exchange to trade perpetual futures on Bitcoin, the S&P 500, crude oil, and pre-IPO assets during hours when regulated markets are closed.
The integration links Franklin Templeton's Benji Technology Platform with MoonPay Trade, letting eligible institutions move between stablecoins and tokenized fund exposure without leaving blockchain networks.
Total crypto market capitalisation fell to around $2.3 trillion on 3 June as Bitcoin extended its pullback from May, recording its steepest monthly ETF outflow of 2026 at $2.3 billion.