Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.
BiLira, Bitexen and Bitlo will make Ripple’s RLUSD stablecoin available to Turkish institutions.
The price of bitcoin fell to its lowest since April 7 as Strategy’s sale dented sentiment, while AI tokens H and NEAR surged and DeFi TVL hit a 20-month low.
MGUSD, issued by Stripe’s Bridge, will power services across MoneyGram’s global network as stablecoins gain traction in cross-border payments.
U.S. spot bitcoin funds bled cash for 11 straight sessions through Monday, the longest redemption streak since their 2024 launch, as risk dollars rotated toward an AI-led equities rally.
XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure.
The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange’s hot wallet.
BTC fell 3.4% in 24 hours to below $71,000, the lowest level in weeks, as Monday’s 8-K filing disclosing Strategy’s first publicized bitcoin sale continued to weigh.
A $79 million market hinges not on whether Michael Saylor’s firm sold bitcoin, but on whether a sale disclosed June 1 can count toward a deadline that passed May 31.
The Brussels-based digital asset services firm plans to purchase BlockFills months after the Chicago-based company filed for Chapter 11 bankruptcy, if a court approves.
Investors pulled $1.67 billion from digital asset investment products last week, with bitcoin funds posting their largest weekly outflow of the year, according to a recent report from CoinShares.
With Strategy breaking its accumulation streak and many peers stepping aside, the list of active digital asset treasuries has narrowed considerably.
Michael Saylor’s Strategy has evolved into a far more complex bitcoin-finance machine since it last sold BTC three and half years ago.
In a research post published Monday, Buterin proposed creating index-tracking assets using options contracts rather than the debt-based structures that underpin much of DeFi today.
Michael Saylor says Strategy aims to make STRC the world’s best credit instrument after the company sold bitcoin to help fund preferred stock distributions
The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.
The 8-K filing by Strategy Monday disclosed sales for the period May 26 to May 31, but the disclosure was issued on June 1. Polymarket’s May 31 contract is sitting at 81% Yes and in review, while bettors argue over whether the onchain transactions or the filing date controls.
Japan’s ruling Liberal Democratic Party said the country should create a legal framework for trading crypto ETFs in a proposal to the finance minister.
Binance Coin (BNB), up 7.9%, was also a top performer.
The Ethereum treasury firm cut weekly purchases by more than 75% after the previous week’s 112,000 ETH buying spree.
Crypto markets continue to struggle even as risk markets across the globe surge higher.
The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy’s preferred stock.
The Cardano Foundation’s flagship conference was scrapped after a funding proposal failed to secure the two-thirds support required under the blockchain’s new governance system.
The preferred stock remains near its $100 par value as the company balances yield stability, ATM issuance capacity, and its bitcoin acquisition strategy.
Bitcoin and ether fell Monday after dropping in May, a month that usually sees them post positive returns. U.S. equity index futures rose.
Bitcoin and software equities have sharply diverged after moving in lockstep for years, raising questions over whether bitcoin will eventually catch up.
Your look at what’s coming in the week starting June 1.
Stablecoins alone will generate a demand for up to $1 trillion worth of onchain U.S. Treasury bills and $2.6 trillion for tokenized stocks, said Citi.
0xflorent, a security researcher, found an integer-overflow flaw in the HongCoin token sale contract that lets the team unlock funds for 48 original investors. It is the second such recovery he has publicized in eight days.
