Tag: Million

Ethereum News: Bitmine Targets $300 Million in Stock Offering: Is an Ethereum Treasury Strategy Next?

Ethereum News: Bitmine Immersion Technologies filed with the US Securities and Exchange Commission on Wednesday to launch a Series A Perpetual Preferred Stock offering, 3 million shares at $100 per share, targeting roughly $300 million in gross proceeds, and the market’s immediate read was not operational financing. It was ETH accumulation. Shares of the company (BMNR) closed up approximately 5.8% on Thursday even as Ethereum itself slid 1.7% over 24 hours to trade near $1,650, extending a weekly decline of close to 17%. The analytical question is not whether Bitmine…

$623 Million In Bitcoin Longs Liquidated

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Bitcoin’s 200-week moving average, sitting at around $61,700, is the line the market is watching most closely right now. That level has marked the bottom of every major Bitcoin bear cycle going back to 2015, and it held again this week — at least for now. Related Reading A Classic Bottom Signal — Or Just A Pause? The selloff dragged Bitcoin down to around $61,300 before buyers pushed the price back up past $64,750, a recovery of more than 5%. Reports say the rebound came alongside news that Israel and…

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…

Is Mt. Gox selling $739 million worth of Bitcoin?

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Mt. Gox has transferred 10,422 BTC worth about $739 million in its first on-chain bitcoin movement since March, raising concerns among market watchers. Summary Mt. Gox moved 10,422 BTC worth about $739 million in its first major bitcoin transfer since March, according to Arkham Intelligence. Blockchain data shows the bitcoin was sent to a new unmarked wallet rather than a known exchange address, leaving the purpose of the transfer unclear. The exchange still holds more than 34,500 BTC as creditor repayments continue under a deadline that runs through October 2026.…

Kelp DAO Recovery Hopes Fade as Hacker Launders About $220 Million

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The hacker behind the $293 million Kelp DAO exploit has laundered nearly all of the unfrozen stolen funds, or about $220 million, in just six weeks, according to Arkham data and onchain analysts. The Kelp DAO hacker-tagged wallet appears to have laundered nearly all the stolen funds, with just $1.7 million remaining traceable in the wallet, according to blockchain data provider Arkham. The malicious actor drained 116,500 Kelp DAO restaked ETH (rsETH) on April 18, pushing the total amount stolen from crypto hacks to $630 million for April. The funds…

Strategy Trims Bitcoin Holdings With $2.5 Million Sale

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[Update 1:57 P.M. UTC, June 1 — Updates third paragraph with share price decline in Monday morning trading.] Strategy sold 32 BTC last week, its first reported Bitcoin sale since a 2022 tax-loss transaction, as the company moved to fund preferred stock distributions. Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing with the US Securities and Exchange Commission. The company’s MSTR Nasdaq-traded shares fell more than 6%…

Crypto Exploit Losses Fall 90% in May to $68 Million

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Losses from exploits of crypto platforms fell to $68.3 million in May, down almost 90% from the $650 million lost in April, says crypto security company CertiK. “After a particularly bad April, May is now the third month of 2026 to record losses under [$100 million],” CertiK posted to X on Sunday.  Around $2.6 million of the total crypto stolen in May was due to phishing attacks, while roughly $9.4 million was recovered or returned, it added. Excluding the $1.5 billion hack on Bybit in February 2025, April saw the…

White Hat Helps Recover $2 Million from 2016 ICO Project

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A pseudonymous white hat hacker has helped recover $2 million worth of Ether locked in a faulty initial coin offering (ICO) smart contract for almost a decade. In a post to X on Sunday, the white hat, known as “0xflorent,” said they helped recover about 1,003 Ether (ETH) from 48 investors who participated in the Hong Coin (HONG) ICO, a decentralized venture capital fund that never launched due to it failing to reach its funding goal. “The contract held all the investors’ ETH and was supposed to auto-refund them,” 0xflorent…