Bitcoin ETPs Suffer $1.67B Outflow
Crypto investment products faced three consecutive weeks of losses, totaling $4.21B, with Bitcoin ETPs seeing a record outflow of $1.44B last week. #Update #Crypto $BTC
Bitcoin
Bitcoin Sells 32 BTC for $2.5 Million
@MicroStrategy sold 32 $BTC for $2.5 million between May 26-31 at an average price of $77,135 to fund preferred stock distributions. The company still holds 843,706 $BTC. #Update #Crypto $BTC
Bitcoin Bet: HYPE Beats Top-10 Coins
Arthur Hayes bets $100K on HYPE outperforming top-10 coins by year-end, following its surge to $70 amid institutional interest. #Update #Crypto
STRC Dividend Holds Steady at 11.5%
@MicroStrategy maintains an 11.5% dividend on its perpetual preferred stock, STRC, for the fourth month as shares recover to $99.10 ahead of the June 15 ex-dividend date. #Update #Crypto $STRC
Bitcoin Launches BChat Privacy Messaging
BChat, a decentralized messaging app on Beldex Network, enhances privacy by eliminating phone number registration and minimizing metadata collection. #Update #Privacy
Bitcoin Whale Exits $1.3B IBIT Trade
On Tuesday, an unknown trader sold 29.2 million shares of @BlackRock’s IBIT at $1.01 below market price, prompting speculation about the motives behind the $1.26 billion bitcoin-linked position exit amid ongoing ETF outflows. #Update #Crypto $BTC
Bitcoin Moves to Chainlink Amid DeFi Fears
@Kraken is migrating its wrapped Bitcoin (kBTC) to Chainlink’s CCIP for enhanced security as bridge fears rise in DeFi, impacting the infrastructure of exchange-issued Bitcoin assets. #Update #Crypto $BTC
Bitcoin CEO Warns of EU Stablecoin Crisis
Mike Belshe warns MiCA limits insurance to €100K, risking European stablecoins’ stability by linking them to traditional banking stress. #Update #Crypto $USDC
Bitcoin Pushes Russia to Digital Independence
A7 reports 85% of Russian trades use friendly currencies, predicts independent payment rails in 2 years; A7A5 token moved $100B for sanctioned groups. #Update #Crypto
Bitcoin Miner Wins $232K Block Jackpot
A solo home miner using a Canaan Avalon Nano 3S won Bitcoin block 951771, earning 3.1404 BTC worth $232,000 with odds of 1 in 149 million. #Update #Crypto $BTC
Bitcoin Seizure: DOJ’s 127,271 BTC Crackdown
The DOJ seeks forfeiture of 127,271 $BTC from Cambodian national Chen Zhi amid a crackdown on global crypto scams linked to trafficking and organized crime. #Breaking #Legal $BTC
Bitcoin Rules Delay Could Extend to 2030
U.S. Senator Cynthia Lummis warns that delaying the Clarity Act could push comprehensive crypto legislation to 2030, emphasizing consumer protection and global competition pressures. #Update #Legal
Bitcoin Reacts to US Jobs Data and Inflation
This week, the crypto market anticipates U.S. jobs data, inflation reports, and Fed statements that may influence interest rates and liquidity; BTC remains above $73,000. #Update #Crypto $BTC
Bitcoin Buy Alert as Saylor Teases Move
@MicroStrategy’s Michael Saylor hints at new $BTC purchases ahead of a June 7 proxy vote for STRC dividend changes, as Bitcoin trades around $73,566. #Update #Crypto $BTC