BTC slips 5%

Bitcoin slipped below $68,000 today, hitting its lowest level since early April. The biggest pressure point, according to The Block, is institutional flow – spot bitcoin ETFs have now seen 11 straight sessions of outflows, totaling roughly $3.45 billion, while more than $740 million in leveraged crypto positions were liquidated over the past 24 hours. May's monthly outflow of $2.43 billion was the largest since November 2025. Onchain data is flashing the same warning. Glassnode says fresh capital entering bitcoin has basically stalled, with sellers now driving price action. Read more →

More than $80 million had been wagered over the past few months over whether Strategy would sell any BTC by May 31 (11:59 p.m. ET). So yesterday (June 1), when traders saw that Strategy had disclosed in an 8-k that the company had sold BTC between May 26 and May 31, ‘YES’ bettors were ready to collect their $14.65 million in winnings. But not so fast… ‘NO’ bettors are arguing that because no public information existed before June 1, the market should resolve to ‘NO’. The dispute now heads to oracles for a final decision as bettors are loudly complaining. Read more →

Telegram founder Pavel Durov is bringing back a name regulators helped kill. TON’s native token, Toncoin, will be rebranded as Gram – the original name from Telegram’s 2018 crypto project before the SEC blocked its $1.7 billion ICO and forced Telegram to walk away. While the latest change here is just a rebrand, it’s part of a larger reset, or, step four of Durov’s “Make TON Great Again” roadmap. Toncoin roughly doubled from $1.30 to a $2.80 peak through May before retracting, and the Gram rename just added another 19% candle on top. Read more →

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