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Monday, June 1, 2026

Bitcoin plunges to $71,500 as MicroStrategy sells 32 BTC for the first time since 2022, triggering $400M+ in liquidations amid geopolitical tensions. Hyperliquid (HYPE) soars toward $100 on CFTC approval, while Ethereum ETFs bleed $708M in 14 days and crypto funds suffer record $1.67B weekly outflows.

20 stories · 6 min read · Updated daily at 6:00 AM PT
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1. MicroStrategy Sells 32 BTC for First Time Since 2022 as Bitcoin Plunges Below $72K

Strategy Inc, the largest corporate Bitcoin holder with 184k+ BTC, confirmed its first Bitcoin sale in years—offloading 32 BTC (~$2.5M) on May 26. The sale marks a dramatic reversal of the company's 「never sell」 treasury strategy and coincides with BTC dropping to a 2-month low of $71,500, with $400M+ in liquidations triggered by geopolitical tensions.

Sources: Bitcoin Magazine · Cointelegraph · BeInCrypto

2. Hyperliquid (HYPE) Surges Toward $100 on CFTC Perpetual Futures Approval

HYPE clears previous all-time highs and targets $100 after the CFTC approved crypto derivatives expansion, giving Kalshi and other platforms formal green light for perpetual futures trading. The breakout reflects the Intercontinental Exchange CEO's recent comments that Hyperliquid is 「bigger than Nasdaq,」 driving institutional validation and explosive momentum in what was already a trending token.

Sources: Cointelegraph · Decrypt

3. Bitcoin ETFs Suffer Record Outflows; $1.67B Crypto Fund Bleed Signals Risk-Off Shift

U.S. spot Bitcoin ETPs posted their largest 2026 outflow as crypto investment funds bled $1.67B in a single week, with a $1.26B block trade in BlackRock's IBIT suggesting large institutional holders are exiting positions. The 10-day consecutive outflow streak signals momentum reversal and capitulation among mainstream crypto investors, even as BTC whale-buying stalls.

Sources: CryptoNews · Cointelegraph · Bitcoinist

4. Ethereum ETFs Bled $708M in 14 Days as XRP Leads Rare Altcoin Inflows

Ethereum dominance is collapsing as spot ETH ETFs suffer a brutal 14-day sell-the-news phase, draining $708M in capital. Meanwhile, XRP defies the trend with $20.3M in inflows—one of just five altcoins to escape the broader $1.67B weekly fund outflow. The divergence highlights a structural shift away from Ethereum and toward XRP's rising institutional narrative.

Sources: CryptoNews · BeInCrypto

5. Geopolitical Crisis Triggers $400M+ Crypto Liquidations as Oil Prices Spike Toward $100

Escalating Iran-Israel tensions and threats to close the Strait of Hormuz sent oil prices surging toward $100 and triggered $144M-$400M in crypto liquidations within hours. Bitcoin slumped to $71,500 as traders fled leveraged long positions amid rising geopolitical risk premium. The crisis exposes systemic fragility in overleveraged crypto markets and correlation with macro-driven oil shocks.

Sources: CryptoNews · Crypto Briefing · BeInCrypto

6. Kelp DAO Hacker Launders Nearly All $220M in Stolen Funds; Recovery Hopes Fade

Recovery efforts for the Kelp DAO exploit have essentially failed as the attacker successfully laundered nearly the entirety of the $220M+ stolen funds through various on-chain mechanisms. The incident underscores the difficulty of asset recovery post-hack and the effectiveness of modern money laundering techniques in crypto, raising questions about the permanence of on-chain theft.

Sources: Cointelegraph

7. Toncoin (TON) Rebrands Native Token to GRAM, Returning to Telegram's Original Vision

Pavel Durov officially announced that TON's native currency is becoming Gram (GRAM), reviving the original name from Telegram's failed Gram token project. The rebranding marks a full-circle moment for the Telegram-integrated blockchain and aims to strengthen community ties and enhance recognition as the network targets broader adoption and development.

Sources: BeInCrypto · Crypto Briefing

8. Binance Launches US Stock Trading and Previews Tokenized 'bStocks' on BNB Chain

Binance opened zero-commission access to 7,000+ U.S. stocks and ETFs for eligible non-U.S. users and previewed 「bStocks」 tokenized equity offerings on BNB Chain. Five years after regulatory pressure forced the exchange to shelve synthetic stock tokens, the move signals renewed ambition to bridge TradFi and crypto—though experts are split on whether tokenization unlocks growth or introduces new risks.

Sources: Cointelegraph · Decrypt

9. Sui Mainnet Restored After 3 Outages in 48 Hours; Gas and Validator Bugs Exposed

Sui Mainnet came back online after three separate outages on May 28-29 triggered by bugs in the 1.72 software release, including gas calculation errors and validator synchronization issues. The incident raises concerns about the network's infrastructure stability and upgrade processes, particularly ahead of broader Layer 2 adoption expectations.

Sources: BeInCrypto · Decrypt

10. Bitwise Leads Solana Spot ETF Inflows with $80M in May; Bitcoin and Ethereum Funds Bleed

Bitwise's Solana spot ETF attracted $80M in May inflows, becoming the outperformer as Bitcoin and Ethereum investment vehicles hemorrhaged capital. The shift signals institutional diversification away from BTC and ETH dominance toward alt-layer-1 exposure, driven by Solana's competitive narrative on throughput and developer ecosystem strength.

Sources: Crypto Briefing

11. Humanity (H) Surges 65% to Record High on AI Token Rally and Price Discovery Mode

Humanity (H) jumped 65% past $0.65 to a new all-time high as the broader AI token narrative strengthens and the weekly chart enters price discovery territory. The rally reflects continued retail and institutional appetite for AI-focused infrastructure tokens despite broader market weakness in crypto.

Sources: BeInCrypto

12. Ripple's Bank Directory Reveals 500+ Financial Institutions With XRP Infrastructure IDs

A directory in Ripple's payment documentation has surfaced highlighting over 500 financial institution identifiers (IDs) mapped for cross-border payment use. The discovery underscores Ripple's ongoing progress in embedding XRP infrastructure into mainstream banking rails, supporting the narrative of rising institutional adoption that has driven recent XRP inflows.

Sources: NewsBTC

13. Coinbase Launches Direct Indian Rupee Deposits and Withdrawals After FIU Registration

Coinbase established direct rupee (INR) trading rails for Indian customers via IMPS bank transfer integration after securing regulatory clearance from India's Financial Intelligence Unit (FIU). The move removes friction barriers to Indian crypto adoption and could unlock significant institutional capital in the world's second-most populous nation.

Sources: Decrypt · Crypto Briefing

14. XRP Fails to Hold $1.35 Support as Whales and Long-Term Holders Bail Together

XRP price remains stuck near $1.31 inside a falling channel, unable to reclaim critical resistance levels. On-chain analytics show that both the largest whale cohorts and long-term holders are simultaneously reducing positions, signaling a lack of conviction despite earlier bullish institutional momentum and $1.42B in May ETF inflows.

Sources: BeInCrypto

15. HongCoin ICO Funds Unlocked After 10 Years; Whitehat Recovers $2M in ETH via Exploit

A whitehat developer and HongCoin's original multisig holders recovered 1,003 ETH (~$2M) trapped since a failed 2016 token sale by cleverly exploiting a preserved overflow bug in the contract. The recovery marks a rare success story in on-chain fund recovery and demonstrates how legacy smart contract vulnerabilities can be leveraged for good when properly executed.

Sources: CryptoSlate · Decrypt

16. Gnosis Pay Hit by Fresh Exploit; Delay Module Vulnerability Exposed as Team Pledges Refunds

Gnosis Safe's Pay module suffered a fresh exploit targeting its delay module, exposing another critical vulnerability in the widely-used smart contract wallet infrastructure. The Gnosis team has pledged to fully cover user losses, but the incident raises fresh concerns about the complexity and attack surface of multi-signature and delay-protection mechanisms.

Sources: Cointelegraph

17. House of DOGE Partners With Paxos to Integrate Dogecoin Across Fintech Platforms

House of DOGE announced a partnership with Paxos to integrate Dogecoin (DOGE) across major fintech platforms, significantly expanding the meme coin's mainstream adoption pathway. The deal could unlock DOGE for millions of retail users if fintech platforms embrace integration, though broader market sentiment on DOGE remains mixed.

Sources: Crypto Briefing

18. XRP Ledger Proposes Flash Loan Attack Prevention via New DeFi Security Framework

As DeFi growth accelerates on the XRP Ledger, the network is introducing new security mechanisms to defend against flash loan attacks—one of the industry's most persistent challenges. The framework aims to balance innovation with user protection as XRPL positions itself as a serious RWA tokenization contender.

Sources: NewsBTC

19. Cardano Summit Canceled After Community Rejects $2M Funding Proposal in Governance Vote

Cardano's 2026 Singapore summit was scrapped after the community failed to vote through a $2M funding request via the network's on-chain governance mechanism. The cancellation exposes tensions around funding allocation in community-governed protocols and raises questions about Cardano's ability to coordinate large initiatives without centralized backing.

Sources: Protos

20. KuCoin Launches KuCard in Australia to Bridge Crypto Ownership and Everyday Payments Gap

KuCoin launched its KuCard payment solution in Australia, targeting the gap between rising crypto ownership (33% of Australians) and low actual spending. The move represents a practical push toward making crypto a usable medium of exchange rather than just an investment asset in a major developed market.

Sources: BeInCrypto

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