From May 28 to June 28, 2026, users who complete designated contract trading tasks will have the chance to unlock premium hospitality experiences for select group-stage, semi-final, and final matches, while also participating in a share of the $300,000 total prize pool. Rewards include USDT bonuses, travel subsidies, trial funds, BTC position-opening vouchers, and more. […]
A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) made last week was likely a whale making a quick exit on a directional trade, says Greg Cipolaro, the head of research at financial services company NYDIG.On Tuesday, an unknown trader sold 29.2 million shares of BlackRock’s IBIT on a dark pool, a private trading platform that institutions use to discreetly make large trades outside public markets, sparking speculation about who made the trade and why.Cipolaro said in a research note on Friday that several indicators were “consistent with a large directional holder exiting a concentrated position rather than a contemporaneous basis-trade unwind.”He added that the seller accepting the sale at $1.01 below the market price of $44.17, forgoing $29.5 million in exchange for immediate execution, and using a private trading platform, pointed to such a large directional holder exiting.Large transactions can move markets and affect overall sentiment. However, in this case, Bitcoin (BTC) slid 2.8% over the day after the trade. Bloomberg ETF analyst Eric Balchunas said at the time the market absorbed the sale well despite the significant block sale.“The key unanswered question is whether the seller was responding to idiosyncratic constraints or expressing a broader investment view,” Cipolaro said.“While the transaction details themselves cannot answer that question, they do, however, demonstrate that at least one sophisticated holder was willing to pay approximately $29.5 million to eliminate a $1.26 billion bitcoin-linked position immediately.”US-listed Bitcoin ETFs have now recorded 11 straight trading days of net outflows, with a $333.6 million outflow on the same day as the massive IBIT trade, according to Farside Investors data. More than $2.9 billion has now flowed out from the ETFs since May 14, the last recorded net inflow across multiple funds.U.S.-listed Bitcoin ETFs have recorded 11 straight trading days of net outflows. Source: Farside InvestorsRelated: Bitcoin falls out of the global top 10 assets as market cap dips below $1.5T Meanwhile, sentiment has also been volatile. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, returned a score of 29 out of 100 on Monday, indicating “fear” in the market. It also posted an average rating of “fear” for May.Cipolaro said the methods used by the whale entity to sell show urgency, but the motive remains unclear. He speculates that it could have been a forced sale driven by investor redemptions and balance-sheet constraints or an attempt to reduce the risk of exiting over multiple sessions.“Public data cannot distinguish conclusively between these explanations,” he said. “However, the weakening technical backdrop, ongoing ETF outflows, and willingness to pay a substantial execution premium for immediacy are more consistent with discretionary liquidation rather than investor redemptions or a portfolio rebalance.”Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?
Sui, a leading Layer-1 blockchain, experienced three separate mainnet outages on May 28 and May 29, 2026, after a series of software bugs triggered network-wide disruptions. According to a post-mortem released by the Sui Foundation, each attempted fix either revealed or contributed to another failure, resulting in a cascading reliability incident that temporarily halted blockchain […]
XRP extended its recent losses and fell to its lowest level in more than three months, highlighting the ongoing battle between bullish accumulation signals and persistent selling pressure. While significant XRP exchange outflows and growing spot XRP ETF inflows suggest investor confidence, the cryptocurrencys price action continues to favor bears in the short term. Recent […]
Bitcoin and the broader cryptocurrency market remained under pressure despite a strong rally in global equities, as record outflows from U.S. spot Bitcoin ETFs and surging oil prices dampened investor sentiment. Global stock markets reached new highs on Monday, driven by continued enthusiasm for artificial intelligence (AI) investments. The MSCI All Country World Index rose […]
The scrutiny over Nvidia’s deal highlights potential risks in financial engineering, impacting investor trust and retiree security. The post Nvidia faces scrutiny over $5.4B GPU sale to Valor amid Burry’s claims of round-tripped capital appeared first on Crypto Briefing.
Aave has announced a major overhaul of its risk management framework following the $230 million rsETH exploit in April 2026, one of the largest decentralized finance (DeFi) attacks of the year. According to the lending protocols newly released postmortem, the incident did not result from a vulnerability in Aaves smart contracts. Instead, the attack originated […]
Kurt Wuckert Jr. analyzes Bitcoin’s supply emission schedule, discussing its long-term security impact and the need for a permanent tail emission. The post One thing that Satoshi should have changed about Bitcoin appeared first on CoinGeek.
Bitcoin (BTC) has remained under pressure over the past week, falling from around $77,000 to approximately $73,140. The crypto asset experienced several sharp declines during the period, including a notable drop near $72,600 on May 28. The latest price action suggests that the bear market remains unfinished and that deeper losses may lie ahead before […]
Stablecoins alone will generate a demand for up to $1 trillion worth of onchain U.S. Treasury bills and $2.6 trillion for tokenized stocks, said Citi.
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