{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"","title":"June 2: Strategy Fallout, Mt. Gox Transfers","description":"Brief Summary:
- Bitcoin fell below $70K this morning, trading near $69,400 after hitting a seven-week low area.
- Ethereum is holding near $1,975, still struggling around the $2,000 psychological level.
- About $744 million in crypto liquidations hit the market over 24 hours as leverage unwound during the selloff.
- Digital asset investment products saw $1.67 billion in outflows last week, the second-largest weekly withdrawal of 2026.
- Bitcoin funds posted their largest weekly outflow of the year, while XRP and HYPE were rare bright spots with inflows.
- Strategy’s first disclosed Bitcoin sale continues weighing on sentiment, even though the company sold only 32 BTC worth about $2.5 million.
- Mt. Gox moved 10,306 BTC, worth about $739 million, to two addresses, creating fresh concern about potential supply pressure.
- CME’s new 24/7 crypto derivatives market saw about $50 million in opening weekend trading.
- Robinhood closed its $180 million WonderFi acquisition, expanding its Canadian crypto footprint.
- Reuters reported a policy split on stablecoins, with the Bank of England more skeptical and Fed official Christopher Waller more supportive.
- Japan’s ruling-party panel wants the country to promote yen stablecoins and create a legal framework for crypto ETFs.
- Vitalik Buterin proposed options-based synthetic assets to reduce DeFi liquidations and reliance on real-time oracles.
- Binance launched access to U.S. stocks and ETFs, pushing further into traditional brokerage territory.
- Dogecoin gained access to the Paxos network used by PayPal and Venmo.
- BitMine acquired 26,497 ETH despite weak Ethereum price action.
","author_name":"Matt Diemer"}