Bitcoin longs are getting flushed as the slide accelerates. About $93.69 million in crypto positions liquidated in the past hour, 95% of them longs, per CoinGlass. BTC alone accounted for $72.34 million of the past hour’s liquidations, with ETH a distant second at $7.77 million. The 24-hour tally now sits at $402 million across 135,585…
Binance Coin (BNB), up 7.9%, was also a top performer. Source link
For years, Strategy (MSTR) Executive Chairman Michael Saylor insisted he would never sell bitcoin BTC$71,031.73. Yet on Monday, the largest company disclosed that it sold 32 bitcoin last week, its first sale in four years. The announcement prompted questions about whether one of bitcoin’s most prominent corporate advocates was changing course. Most analysts don’t think…
Ethereum co-founder Vitalik Buterin is exploring a new way to build crypto investment products that could reduce one of decentralized finance’s biggest risks: sudden liquidations. 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. The idea is to allow…
When Strategy (MSTR) disclosed that it sold 32 bitcoin in May, memories were jogged of the company’s first-ever bitcoin sale in December 2022. Both events generated headlines questioning whether Michael Saylor’s company was backing away from its long-standing bitcoin accumulation strategy. Both prompted scrutiny of the firm’s finances. Both represented extraordinarily rare moments in the…
Keyrock, a Brussels-based digital asset services firm, is in the process of acquiring bankrupt crypto trading and lending firm Blockfills, according to two people with knowledge of the matter. A Keyrock spokesperson told CoinDesk that the acquisition is subject to court approval. According to a bankruptcy filing, Keyrock agreed to a purchase price of $3.25…
Crypto investment products recorded their second-largest weekly outflow of 2026 by the end of May, with investors pulling $1.67 billion from digital asset funds as geopolitical tensions and a broader risk-off mood weighed on markets, according to a report from CoinShares. The withdrawals marked the third consecutive week of net outflows and brought total redemptions…
Strategy (MSTR), the company whose bitcoin accumulation strategy inspired a new generation of so-called digital asset treasury firms, sold BTC for the first time since December 2022, offloading roughly $2.5 million worth of tokens. The move came as the scheme has faced major headwinds since gaining popularity last year. Dozens of companies raised capital through…
Disclosure: The author of this story owns shares in Strategy (MSTR). Strategy (MSTR) Executive Chairman Michael Saylor appeared to underscore the company’s focus on its perpetual preferred stock, making STRC the focus of his first public comment after the largest publicly traded holder of bitcoin BTC$72,675.37 sold the cryptocurrency to fund dividend payments on the…
Strategy’s (formerly MicroStrategy) first publicized bitcoin sale has triggered a $15 million resolution dispute on Polymarket. While the sale was announced in a June 1 filing, the actual disposition occurred in late May. Bettors are now split on whether sales executed between May 26 and May 31 should count for the prediction market’s May 31…
