Tag: Bitcoin

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,…

BTC Dominance Slides as the Bitcoin Price Slips Below $70K

The Bitcoin price has broken below $70,000 for the first time since April 8, completing a roughly 1-5% decline from the $82,000–$83,000 range it was challenging just weeks ago, and dragging the total crypto market capitalization below $2.5 trillion in the process. The analytical question is no longer whether this constitutes a meaningful market correction; the price structure makes that case on its own, but whether the accompanying drop in BTC dominance to 58.7% on CoinGecko signals a tactical reallocation of capital toward altcoins or simply reflects mechanical correlation compression…

Polymarket Is Refusing to Pay Out on an $80 Million Bitcoin Bet, And Traders Are Furious

A Polymarket prediction market that attracted more than $80 million in trading volume has entered final dispute review after the platform proposed resolving it as “No,” despite Strategy having executed the underlying Bitcoin sale within the market’s specified timeframe. The market asked whether Strategy would sell Bitcoin by May 31; the company sold 32 BTC worth approximately $2.5 million between May 26 and May 31, then disclosed the transaction in a regulatory filing on June 1. Polymarket argued that because no confirmation existed before the deadline, the sale did not…

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…

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Bitcoin Dips Under $70K as Market Enters New ‘Distribution’ Phase

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Bitcoin (BTC) sellers took control during the European trading session on Tuesday as the BTC/USD pair slipped below the $70,000 mark for the first time since April. Analysts said that Bitcoin has entered another distribution phase due to high selling pressure and investors realizing losses. Key takeaways: Bitcoin sees renewed distribution as short-term holders sell at a loss and exchange inflows continue to rise. Crypto market sentiment fell back into “extreme fear,” while spot Bitcoin ETFs saw 11 straight days of outflows. Whale activity surged to its highest level since…

Kalshi eyes XRP, Solana and Dogecoin perps after Bitcoin approval

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Kalshi has reportedly filed to certify perpetual futures tied to XRP, Solana, Dogecoin and other major crypto assets in the United States. Summary Kalshi reportedly filed to certify XRP, Solana, Dogecoin and other altcoin perpetual futures in the U.S. The move follows CFTC approval for Kalshi’s Bitcoin perpetual futures contract, known as BTCPERP. Kalshi’s reported XRP filing follows rising demand for regulated U.S. crypto derivatives products. The reported filing would expand Kalshi’s crypto derivatives plan beyond Bitcoin. A post from BankXRP said Kalshi filed to certify perpetual futures for XRP,…

Strive Seeks $4.2B ATM Expansion To Fund More Bitcoin Buys

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Strive is preparing to expand its capital-raising capacity by $4.2 billion as the Bitcoin treasury company looks to fund additional BTC purchases, extending one of the fastest accumulation campaigns among public corporate holders. Chief executive Matt Cole said the company expects to increase the size of both its ASST and SATA at-the-market programs by $2.1 billion each. The proposed expansion would give Strive substantially more flexibility to issue securities into the market and direct proceeds toward its Bitcoin strategy, though ATM capacity does not mean the full amount has already…