Key Takeaways Judge Wilson ruled on June 1 that Square Mangundhla’s 1,680 bitcoins were lawfully seized as capital. The decision clashes with a May 2026 SARB and FSCA statement denying crypto’s status as legal tender. Expect tension ahead as South African regulators navigate this new legal framework for digital assets. The Catalyst: Seizure of 1,680…
Key Takeaways Bitcoin ETFs lost $483.8M on June 1, with Blackrock IBIT leading outflows at $440.3M. Ether ETFs saw a 15th straight outflow day, as Blackrock ETHA shed $35.0M. XRP and HYPE ETFs gained $5.4M combined, signaling selective institutional demand. XRP ETFs Add $4.1M as Bitcoin and Ether Funds Lose $528M Combined June began with…
Key Takeaways Cryptoquant contributor MorenoDV says the stress gauge sits near 40%, below the deeper readings that marked past bottoms. Bitcoin opened June below $70,000 after a $2.43 billion May spot ETF outflow, the worst of 2026. MorenoDV urges patience, noting the strongest entries appear only after selling exhaustion is confirmed. A Line That Keeps…
Key Takeaways Andrew Left of Citron Research was convicted on 13 of 17 securities fraud counts on June 1. Prosecutors said Left made more than $20 million moving stocks with posts from 2018 to 2023. Left faces up to 25 years in prison and signaled an appeal, calling the verdict wrong. A Landmark Case Over…
Key Takeaways A bitcoin wallet dormant since 2011 moved 35.55 BTC on June 2, directly undermining Noah Doe’s abandoned-property claim. Galaxy Research’s Alex Thorn flagged the move, noting the address was Salomon-dusted in the $293B NY lawsuit. A New York default judgment is expected by late June 2026, though full title transfer remains legally unlikely….
Key Takeaways Solana booked $91M in May app revenue, ahead of Hyperliquid at $53M and Ethereum at $52M. SOL trades near $81 after eight straight red months, even as its fee revenue leads every chain. Sustained fee dominance could bolster the case for Solana ETFs, which have drawn about $1.13B. Solana out-Earns Every Layer 1…
Key Takeaways Strategy sold 32 BTC for $2.5M to pay debts, triggering a bitcoin drop under $70,000 on Tuesday. The bitcoin slide triggered over $470M in leveraged position liquidations in 24 hours. Bears like Peter Schiff warn of a crash, but Raoul Pal sees a standard bitcoin bull correction. Massive Liquidations Rock Crypto Traders Bitcoin…
Key Takeaways Interactive Brokers’ Steve Sosnick warns crypto bought by performance chasers will be sold by performance chasers. Spot bitcoin ETFs lost $1.42 billion last week, the third-highest weekly outflow on record. A real conviction-based rally, Sosnick argues, depends on holders who do not flee at the first AI-stock distraction. The “ Crypto Tourist” Thesis…
Key Takeaways U2 sought Apple shares in 2004; Steve Jobs rejected equity and reshaped the deal. Apple’s 2004 iPod U2 Edition boosted sales, showing product-led marketing power. Jobs’ 2004 strategy still influences brand partnerships and celebrity tie-ins today. Back in 2004, U2 tried to trade star power for Apple stock. Steve Jobs said no, then…
Key Takeaways Cavemanloverboy proposed SIMD-547 on Saturday, spiking some fees to curb SOL asset inflation. Zensei notes SIMD-547 could boost daily SOL burn to 64,800 tokens, sparking a deflationary market. Michael Hubbard criticized SIMD-547 to protect new Solana institutional and AI use cases. Proposed Solana Tokenomics Might Make SOL Deflationary Solana developer cavemanloverboy has introduced…
