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The Big Story

Bitcoin falls below $70,000 after Strategy confirms a Bitcoin sale

Bitcoin fell below $70,000, shedding more than 4.5% in 24 hours, after Strategy confirmed it sold 32 BTC to fund dividend payments on its STRC preferred stock. It is the company's first Bitcoin sale in four years, and the symbolism landed harder than the size, since Michael Saylor's firm still holds 843,706 BTC. The sale handed bears a narrative just as the broader market was already sliding. In a tape this fragile, even a token sale from the most committed corporate holder reads as a crack in the floor.

Bitcoin ETFs just set their longest outflow streak since launch — US spot Bitcoin funds bled for ten straight trading days through May 29, with more than $1.3 billion leaving in a single week and Ethereum funds posting an even longer run.

Crypto's biggest bill faces a crunch week — The CLARITY Act, the most sweeping digital asset bill in US history, heads to the Senate floor as lawmakers return to Washington.

Kalshi files for XRP, Solana, and Dogecoin perpetual futures — The platform applied to self-certify perpetuals on twelve major cryptocurrencies, days after the CFTC cleared its Bitcoin perpetual contract.

A $10 trillion giant eyes a crypto expansion — Charles Schwab is targeting a mid-2027 rollout of spot crypto trading, transfers, and custody for financial advisors.

Mt. Gox moves $731M in Bitcoin

The defunct exchange transferred 10,306 BTC to a new wallet, per Lookonchain, one of the largest tracked Bitcoin moves this week. No sale has been confirmed, but the transfer piles another supply overhang onto an already jittery market.

Japan wants the yen to fight the dollar on stablecoin turf

Japan's ruling LDP is urging the government to promote yen-based stablecoins for settlement across Asia and to build a legal framework for crypto ETFs. It is a direct challenge to the dollar-pegged coins that dominate the roughly $315 billion stablecoin market.

TON heats up again on the GRAM rebrand plan

Toncoin spiked roughly 18% after Pavel Durov confirmed the token will rebrand to Gram, the fourth step of his seven-part MTONGA roadmap. The change carries no token swap and leaves balances, staking, and DeFi untouched.

Could Solana's SOL token become deflationary?

A new proposal, SIMD-547, would fully burn a resource-based fee, and the deflation crowd is already running with it. This breakdown separates what the change actually does to SOL supply from what it does not, a useful antidote to the burn-narrative hype cycle.

• $70,000 — The level Bitcoin slipped below, down more than 4.5% in 24 hours.

• 843,706 BTC — Strategy's remaining holdings after its first Bitcoin sale in four years, just 32 BTC.

• $1.3 billion — Outflows from US spot Bitcoin ETFs in a single week during a ten-day losing streak.

• 10,306 BTC — The roughly $731 million Mt. Gox moved to a new wallet.

• +18% — Toncoin's intraday spike on the GRAM rebrand news.

• $4.13 million — Net inflows into XRP spot ETFs on June 1, bucking the broader ETF bleed.

• Arthur Hayes' bet — The BitMEX co-founder wagered $100,000 that HYPE outperforms every top-10 coin by year-end, with Multicoin's Kyle Samani backing Solana against him.

• Vitalik's options pivot — Buterin floated rebuilding DeFi's base layer on options instead of collateralized debt, aiming to eliminate liquidations and oracle risk.

• Radiant Capital — The lender is winding down 18 months after a $50 million North Korea-linked hack, with the DAO saying there is no viable path forward.

Until Friday.