{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"","title":"May 28: U.S.-Iran Strikes Trigger Liquidations, ETF Outflows, and Risk-Off Selling","description":"Brief Summary:
- Bitcoin fell below $73,000 this morning, hitting its lowest level since April 13 as U.S.-Iran strikes rattled global markets.
- Brent crude jumped toward the mid-$90s, reviving inflation concerns and pressuring risk assets.
- Crypto liquidations totaled roughly $958.8 million over 24 hours, with longs accounting for about $897 million.
- Ethereum broke below $2,000 for the first time since late March, while Ether futures open interest hit a record 16.39 million ETH.
- BlackRock’s IBIT saw $527.84 million in net outflows Wednesday, its second-largest single-day withdrawal since launch.
- The 11 U.S. spot Bitcoin ETFs lost a combined $733.43 million Wednesday, with more than $2 billion leaving the complex over two weeks.
- Samsung affiliates agreed to buy a combined 4% stake in Dunamu, operator of Upbit, for about $408 million.
- VanEck’s tokenized Treasury fund VBILL is now live on Euler, allowing tokenized U.S. Treasuries to be used as onchain collateral.
- The White House is reviewing a proposed CFTC rule on prediction markets, which could shape Kalshi, Polymarket, sports, election, and event-contract markets.
- The CFTC and Gemini jointly asked a federal court to unwind Gemini’s old $5 million settlement.
- Reuters reported that UniCredit warned Europe may be less able than the U.S. to contain crypto-bank shocks.
- A Google engineer was charged over alleged insider trading on Polymarket using confidential Google search data.
- U.S. Treasury operations from May 28 to June 5 could drain roughly $150 billion in liquidity, adding another macro pressure point for Bitcoin.
- CoinMarketCap’s Altcoin Season indicator fell to 30 out of 100, showing broad altcoin weakness.
","author_name":"Matt Diemer"}