Latest Crypto News & Market Updates

Bitmine acquires 26,497 ETH as it targets a slower approach to 5% of Ethereum's total supply

Ethereum treasury firm Bitmine has acquired an additional 26,497 $ETH, worth about $52 million at todays prices. This boosts its total ether holdings to 5,416,901 $ETH, according to an announcement on Monday.　　Bitmine Chairman Tom Lee predicted the firm is “expected to reach” its goal of holding 5% of the total ($ETH) supply “sometime in 2026.” It currently holds 4.49% of the total, with Ethereums circulating supply estimated at 120.7 million coins.　　$ETH is currently trading at $1,978, according to The Blocks price page, off about 30% year-to-date and down 60% from its all-time high of $4,946. The crypto industry in general has been trading rough, even as major stock indexes like the Salchemy of 5% sometime in 2026,” Lee said in a statement.　　Bitmine shares (BMNR) are trading around $19, down 1.40% on the day and 39% year-to-date.　　Bitmines $ETH accumulation has slowed in recent weeks, in line with a previous announcement from Lee stating it would rein in its pace of acquisition from up to 100,000 $ETH per week, which would reach the 5% target in mid-July. Earlier this year, the firm announced acquisition sizes between 45,000 and 76,000 $ETH per week.　　That said, Bitmine added nearly 112,000 $ETH last week, capitalizing on

06-01Exchange

Strategy STRC Pays Farmer's Father 11.5% Yield, Critics Call It a Bitcoin Bait and Switch

A farmers son posted online that his father received 0.96% more Strategy STRC shares in a single day, and X posts like it, even the skeptical ones, have ignited a debate that cuts to the core of what bitcoin is meant to be.　　Key Takeaways:Critics like Glenn Cameron warn STRC trades Bitcoin sovereignty for counterparty risk to a sub-investment grade company.Strategy holds a June 8 vote on more frequent dividends, while a 411 $BTC Coinbase Prime transfer sparked brief sell fears.　　Dad Earns 11.5% on Strategy STRC Shares　　The post spread quickly across crypto social media this weekend. The son described calling his father after the man noticed the new shares in his brokerage account. His fathers reaction was simple and direct.　　“Ive never been paid this kind of money just for someone else to hold my money,” the father said. “I mean, someone is always holding it, the bank, the man in the moon, the cow next door, whatever. But nothing like 11 or 12%!”　　The father, who comes from a farming background, received his returns through Strategys STRC preferred stock, a security currently listed by the company at 11.5% annualized as of May 2026. Strategy sells STRC shares at a $100 stated amount

06-01Exchange

Solo Home Miner Wins $232K Bitcoin Block With a $300 Machine at 149 Million-to-1 Odds

A solo home miner running a consumer-grade Canaan Avalon Nano 3S beat odds of roughly 149 million to one, winning Bitcoin block 951771 this weekend, and collecting a reward worth approximately $232,000.　　Key Takeaways:A solo home miner using a Canaan Avalon Nano 3S at 6.68 TH/s won Bitcoin block 951771 on May 30, 2026, at 4:27:23 p.m. Eastern Time (ET).The block reward of 3.1404 $BTC was worth approximately $232,000, paid out via Braiins Solo pool.Roughly 20 to 24 solo home mining wins have occurred in the past 12 months, with odds of about 1 in 149 million per block.　　One Block, One Machine　　The block was mined at approximately 00:27 UTC through Braiins Solo, a pool designed for solo miners who want to keep the full reward if they find a block. The winning machine hashed at 6.68 terahash per second (TH/s) and drew just 140 watts of power. For context, the Bitcoin networks implied hashrate at the time was around 1,000 exahash per second (EH/s) or 1 zettahash per second (ZH/s).　　The Canaan Avalon Nano 3S retails for roughly $250 to $300. It is compact, quiet at 33 to 40 decibels, and connects via Wi-Fi or Ethernet. Canaan markets it for home use,

06-01Exchange

Arbitrums 22M ARB transfer sparks concern – Why traders watch THIS support

Arbitrum-linked wallets transferred 22 million $ARB worth approximately $2.3 million to Coinbase during the last 24 hours, drawing attention to potential supply entering the market.　　Data showed that one wallet still held 55.89 million $ARB valued at $5.87 million, while Arbitrum:Gnosis retained 85.22 million $ARB worth $8.94 million. However, the broader exchange picture pointed in a different direction.　　Over the past seven days, nearly $11 million worth of $ARB left centralized exchanges, indicating that investors continued moving tokens into self-custody. This contrast highlighted a growing tug-of-war between possible distribution from team-linked wallets and steady accumulation from market participants.　　Can $ARB defend its final support？　　Price action weakened considerably after $ARB fell below its ascending channel, which had guided the recovery from March through early May.　　Following the breakdown, sellers pushed the token toward the critical $0.1006 support level, where $ARB traded near $0.1028 at press time. The decline also placed the market well below the $0.1164 resistance zone and significantly beneath the major barrier at $0.1447.　　The MACD line remained below the signal line, while the histogram stayed negative despite showing reduced downside pressure compared to earlier readings.　　Although selling activity eased slightly, buyers had not yet reclaimed key levels. Therefore, $ARB remained vulnerable unless demand returned

06-01Exchange

Dogecoin Price Prediction: Net Buying Boosts DOGE

Dogecoin is trading near a long-term support line that has marked previous cycle lows on the chart shared by Bitcoinsensus on X. At the same time, CW data shows $DOGE net buying continued for a third straight day across major exchanges as price held near $0.101.　　Dogecoin Price Tests Long-Term Support as $DOGE Trades Near $0.105　　Dogecoin traded near $0.105 on the chart shared by Bitcoinsensus on X, placing $DOGE close to a long-term ascending support line that has appeared during previous market cycle lows.　　The chart shows $DOGE touching or moving near the trendline after major pullbacks in 2017, 2020 and 2026. Each earlier touch came after a sharp decline from a cycle peak, while the current setup shows $DOGE again sitting near the same support structure.　　Dogecoin Long-Term Ascending Support Test. Source: Bitcoinsensus on X　　$DOGEs major peaks on the chart appeared around 2014, 2018 and 2021. After each peak, price dropped into a lower range before forming a new base near the rising support line.　　The current green marker on the chart labels the area as a possible bottom, but the move remains unconfirmed. $DOGE would need stronger price action above the trendline to confirm that buyers defended the macro support zone.　　If Dogecoin

06-01Exchange

Kraken ‘plans’ regulated perp contracts as rivals are quick off the blocks

Kraken said late Friday that it expects to launch CFTC-regulated perpetual futures contracts in the US in the next 30 days, hours after the US Commodity Futures Trading Commission approved the instruments.　　The exchange said when it gains approval, the contracts will be listed on Bitnomial Exchange, a CFTC-regulated exchange recently acquired by Krakens parent company, Payward.　　However, while Kraken‘s announcement said that a filing had been submitted on Friday, no filing for a specific Bitcoin ($BTC) perpetual contact was found among Bitnomial’s recent CFTC filings as of Sunday morning. “Todays announcement sets in motion plans to bring that activity onshore through a CFTC-regulated venue,” the announcement said.　　“US clients will soon be able to trade perpetual futures on @KrakenPro,” read a company social media post on Saturday.　　Source: Kraken on X.com　　Requests for further information on the filing sent to two Kraken executives and Bitnomials chief regulatory officer were not immediately answered.　　To be sure, companies frequently file requests for confidential treatment of their applications. KalshiEX, which on Friday gained CFTC approval of trading of a $BTC perpetual futures contract, had originally requested confidential treatment of that application in an undated letter to the CFTC.　　Payward said on April 17 that it was acquiring crypto derivatives

06-01Exchange

Bitcoin Spot, Futures Buyers Show Up But Is It Enough？

Bitcoin ETF selling overwhelmed markets again after last week‘s $1.42 billion outflow followed the previous week’s $1.26 billion outflow.　　$BTCs subsequent fall to $72,500 raised concerns that the price would slip back into the $60,000 to $70,000 range that $BTC was locked in during February through April, but Cointelegraphs reporting showed spot volumes kicking in to defend the $70,000 support.　　$BTC/$USDT aggregated spot volumes. Source: Velo　　Given the sizeable ETF selling, $BTC inflows to Coinbase and futures market liquidations, the spot CVD data above suggests these dip buyers are not dominant.　　Bitcoin exchange inflows, Coinbase. Source: CryptoQuant　　Open interest heatmap data, on the other hand, does show nearly $300 million of open interest concentrated in the yellow band representing $73,000 to $74,000, where traders appear to have opened new leveraged long positions.　　Open interest heatmap, seven-day lookback. Source: Hyblock　　While ETF outflows and redemptions sync with next-day $BTC inflows to Coinbase exchange, and the knock-on effect of this selling is occasional long liquidations in the futures market, Hyblocks bid-ask ratio metric (set to 10% aggregate order-book depth) shows a modest bid-side dominant orderbook, reinforcing the view that traders view prices below $75,000 as discounted and are buying as a result.　　$BTC/$USDT bid-ask ratio (10% depth) turns positive. Source:

05-31Exchange

Nakamotos Bitcoin bet fails, becomes worst-performing BTC treasury with 35% losses

Bitcoin has failed to keep up with the 2024 and 2025 hype, and the market has largely remained bearish throughout 2026. Since touching a local high of $126k in October 2025, Bitcoin has declined significantly, now hovering around $73k.　　With the crypto down 41% from its ATH and 30% the past year, institutional investors who rushed into the market in 2025 are counting losses.　　Nakamoto tops the list of the worst-performing Bitcoin Treasuries　　With the market underperforming, some treasuries, such as Nakamoto Inc., have seen their losses hit record levels.　　According to Arkham, Nakamoto bought $679 million worth of $BTC at an average price of $118k per $BTC. Even as the market continued to decline, they held out, anticipating a rebound.　　Source: Arkham　　However, the downtrend has persisted. For that reason, they have lost around $224 million in less than a year. Three months ago, they were forced to sell some holdings at a loss, offloading 284 $BTC at $70k.　　Currently, Nakamoto is down over 35% on their $BTC holdings. The continued poor performance of its Bitcoin bet has also significantly affected the companys stock price.　　Source: Yahoo Finance　　As such, the firm‘s stock price plummeted 99.3%, from $956 to $6.5 over the past year. This suggests that the

05-31Exchange

Hyperliquid briefly flips Dogecoin, joins the top 10 crypto list after $67.5 ATH

Hyperliquid [$HYPE] hit a series of new all-time highs (ATH) on the price chart this week, thanks to media attention and ETF flows.　　On the 29th of May, the altcoin climbed to another record high of $67.5, with the market cap surpassing $17B.　　This briefly flipped Dogecoin [$DOGE], as $HYPE became the ninth-largest crypto by market cap and firmly joined the top 10 list. This would make Tron [TRX] and Solana [SOL] the next targets.　　As of writing, however, the altcoin gave back some gains and traded at $64.5 and ranked 10th by market size on CoinMarketCap.　　Source: $HYPE/USDT　　$HYPE has rallied 70% since mid-May and surged 3X from the February lows of $20. The parabolic rally in May was triggered by Coinbases USDC deal and sustained by the strong ETF flows.　　But Fridays pump was a complete surprise.　　Hyperliquid foresees DeFi perps in the U.S　　Notably, on Friday, the U.S. Commodity Futures Trading Commission (CFTC) approved the first Bitcoin perpetual Futures contract (perps) for Kalshi and Coinbase. Perps allow users to gain exposure to assets with limited capital.　　Hyperliquids breakout success was hinged on crypto perps. Later on, it diversified into commodities or RWA (real-world assets) perps, pre-IPO, and now prediction markets.　　In fact, perps is the most dominant

05-31Exchange

Todd, Back, Sassaman, and Finney Named Satoshi in 3 Investigations That Found No Proof

Three investigations. Four suspects. Zero proof. Between October 2024 and April 2026, an HBO documentary, a New York Times investigation, and a feature-length film each named a different person as Satoshi Nakamoto and all three came up short.　　Key Takeaways:Peter Todd, Adam Back, and the Hal Finney-Len Sassaman duo each faced Satoshi claims in 2024-2026, with all three denying it.Polymarket gives Adam Back only a 6% chance of confirmed Satoshi identity by Dec. 31, 2026.The “Finding Satoshi” documentary, released April 22, 2026, argues Bitcoin had 2 co-creators, not one.　　The Hunt for Satoshi Nakamoto Heats up Again as 3 New Investigations Name Suspects　　Over the years, prior to a hiatus, a string of self-proclaimed Satoshi Nakamotos and outside accusations have kept Bitcoin‘s origin story permanently unsettled. From Craig Wright’s long-running legal campaign to a parade of cypherpunk candidates, the search has become a recurring fixture in crypto media, and interestingly, the trend is really picking up steam again.　　Between October 2024 and April 2026, three high-profile investigations, including a HBO documentary, a New York Times deep dive, and a feature-length film, each pointed to a different person or pair of people as the pseudonymous creator of Bitcoin. None delivered a smoking gun, and none

05-31Exchange

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