Author: boss

Why Bitcoin ETFs are seeing record outflows

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US spot Bitcoin ETFs just posted the longest withdrawal streak in their history. Across nine consecutive trading sessions in late May 2026, extending toward a tenth, investors pulled roughly $2.8 billion out of the funds, with the total nearing $2.97 billion at its peak.  Summary U.S. spot Bitcoin ETFs posted a record nine-day outflow streak in late May 2026. Roughly $2.8B left the funds, while BlackRock’s IBIT lost about $2.04B across the streak. A $1.29B IBIT dark-pool block pointed to institutional reallocation, not broad retail panic. Macro pressure, AI stock…

HIVE Bitcoin Holdings Fall as Revenue Hits Record $298M

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Canadian Bitcoin miner HIVE Digital Technologies’ Bitcoin holdings fell by 331 BTC in the latest quarter, even as the miner reported a sharp rise in annual revenue from Bitcoin mining and high-performance computing (HPC). The company reported holdings of 150 Bitcoin (BTC) in its fiscal year update on Monday, down from 481 BTC at the end of Q4 2025, according to company figures and CoinGecko data. The 331 BTC reduction represents about $23 million in value at current prices, with Bitcoin trading roughly 21% lower year-to-date. HIVE did not explicitly…

NY Lawsuit Served a 2011 Bitcoin Wallet — Owner Moves $2.54M to Prove It’s Not Abandoned

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Key Takeaways A bitcoin wallet dormant since 2011 moved 35.55 BTC on June 2, directly undermining Noah Doe’s abandoned-property claim. Galaxy Research’s Alex Thorn flagged the move, noting the address was Salomon-dusted in the $293B NY lawsuit. A New York default judgment is expected by late June 2026, though full title transfer remains legally unlikely. The Move Noah Doe Likely Did Not Expect Galaxy Research flagged the transaction in real time. The address, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, received its first coins on March 27, 2011, when one bitcoin traded for roughly $0.87, weeks…

HIVE Bitcoin holdings fall as revenue jumps to record $298M

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HIVE Digital Technologies ended fiscal 2026 with a smaller Bitcoin treasury even as revenue hit a record high, showing how miners are balancing growth, costs and AI expansion. Summary HIVE held 150 Bitcoin at year-end after mining 2,885 BTC and growing revenue 158% annually. HPC revenue rose 94% to $19.5M, while contracted recurring revenue reached $35M by year-end filings. HIVE plans a 320MW Toronto AI gigafactory for over 100,000 GPUs from late 2027, management. HIVE reported 150 Bitcoin in digital asset holdings as of March 31, 2026. That was down…

XRP Analysis Sees ‘Bear Trap’ as Price Faces June Test

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XRP (XRP) dropped to $1.25 on Tuesday after a market-wide sell-off, erasing all the gains made since early February.  Key takeaways: XRP fell to $1.25 after a broader market sell-off, testing a long-term trend line and the 50-month exponential moving average support area. Support weakness has traders looking at $1 and under next, while optimists see a “bear trap” forming. June has historically been a weak month for XRP, with traders increasing bets on a drop below $1.20. XRP price action teases “bear trap” Data from TradingView shows that the…

Polymarket Trader Loses $527K as Strategy’s First Bitcoin Sale Since 2022 Settles a Heated Bet

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Key Takeaways A Polymarket trader lost roughly $527,000 in one day on a wager tied to Strategy’s bitcoin holdings. Strategy sold 32 BTC for about $2.5 million on June 1, its first bitcoin sale since 2022. Corporate movements have continued to swing prediction-market odds and erase bets throughout 2026. A Bet Settled by an SEC Filing A Polymarket trader identified onchain as ‘willo2’ lost around $527,000 in a day after Strategy’s bitcoin sale was made public. The wager sat in a market over whether the company would sell any of…

Strategy Bitcoin sale sparks Polymarket dispute over rules

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A Polymarket trader has challenged the handling of a disputed market tied to Strategy’s Bitcoin sale, arguing that the written rules should count the sale date, not the disclosure date. Summary A trader says he bought 49,695.76 YES shares for about 35,000 USDC in the Strategy market. Strategy’s filing says it sold 32 BTC between May 26 and May 31 for about $2.5 million. The disputed market asks whether Strategy sold Bitcoin by May 31, but timing rules are contested. The dispute centers on the market asking whether MicroStrategy, now…

Bitcoin Moves Into Accumulation Zone That Will Send It On Next All-Time High Run To $250,000

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Crypto analyst Aralez has revealed that Bitcoin is entering an accumulation zone that could propel it to a new all-time high (ATH). The analyst signaled that BTC could rally to as high as $250,000 in the next bull market.  Analyst Reveals Bitcoin Entering Major Accumulation Zone In an X post, Aralez stated that Bitcoin is near a major accumulation zone, with BTC following a similar script to past bear market cycles. He noted that the leading crypto saw losses of 87%, 84%, and 77.5% from its cycle highs in 2013,…

60 Million Moneygram Users Gain Access to a Self-Custodial Dollar via Stellar Stablecoin – Bitcoin News

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Key Takeaways Moneygram launched MGUSD on June 2, 2026, a self-custodial dollar stablecoin issued by Bridge (Stripe) on the Stellar blockchain. MGUSD gives Moneygram’s 60 million customers 24/7 access to digital USD across nearly 500,000 global retail locations. XLM demand stands to grow as every MGUSD transaction requires Stellar’s native token for fees and account reserves. What MGUSD Is and How It Works The stablecoin is issued by Bridge, a Stripe company that the firm describes as GENIUS Act-ready. Minting and burning run through M0’s smart contract infrastructure. Moneygram holds…

Mt Gox Moves $953 Million in Bitcoin After Eight-Month Pause

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Key Takeaways Mt Gox moved about 10,608 BTC ($953 million) in early June, its first large transfer in eight months. The estate still holds roughly 34,689 BTC ($3.14 billion), with repayments delayed to October 2026. The receiving wallet has not sent coins to exchanges, easing fears of imminent selling. The First Big Move in Many Months A Mt Gox-labeled cold wallet moved about 10,608 BTC, valued at roughly $953 million, into a newly created address, marking the estate’s first large-scale transfer in eight months. Onchain analytics accounts, including Lookonchain, flagged…