A wallet linked to FG Nexus, a publicly listed Ethereum treasury company trading on Nasdaq, moved another 10,000 ETH on Wednesday — worth approximately $17.8 million at current prices. The transfer extends a pattern of disposals that have now seen the company unwind more than 31,000 ETH in total, raising roughly $73 million across the sales combined.

Spot Bitcoin ETFs recorded approximately $1.72 billion in net outflows in the week ending June 5, extending a streak of billion-dollar weekly redemptions that now stretches back to mid-May, according to SoSoValue data. The selling was heaviest in the first three trading days of June, with outflows of $483.8 million, $519.1 million and $396.6 million on consecutive days. A brief $3.2 million inflow on Thursday was quickly reversed by $325.7 million in outflows on Friday.

The European Commission fined Chinese ecommerce platform Temu €200 million on Thursday for failing to adequately address the risk of illegal products being sold on its marketplace. The penalty comes under the Digital Services Act, which requires large online platforms operating in the EU to assess and actively mitigate systemic risks to consumers. Brussels concluded that Temu had not done enough to tackle what it called the "systemic risks of illegal products being offered on its platform and the resulting harm to consumers."

The European Central Bank has issued one of its starkest public warnings in years, cautioning that US President Donald Trump risks triggering a financial crisis through the combination of the Iran war, erratic trade policy, and a withdrawal from multilateral global leadership. The warning came in the ECB's twice-yearly financial stability review, published Wednesday, with outgoing vice president Luis de Guindos writing in his final review before stepping down at the end of May that the Middle East conflict is putting the resilience of the financial system "to the test".

A blockchain-based payment system backed by seven major central banks and 40 large financial institutions has been successfully tested, demonstrating near-instant and cheap settlement of cross-border payments. The project, known as Project Agorá, was spearheaded by the Bank for International Settlements and the International Institute of Finance and involves institutions including JPMorgan Chase, HSBC, BNP Paribas, Visa, UBS and MUFG Bank, alongside central banks from the US, UK, EU, Japan, South Korea, Switzerland and Mexico. The Bank of Canada is joining for the next phase.