Category: crypto

EDGE token experienced a 40% drop after edgeX reported irregular trading and denied a security breach. Onchain investigator ZachXBT questioned the token’s supply control, claiming insiders controlled most of the supply. The low circulating supply made the token sensitive to large trades, leading to a sharp price drop. EdgeX is investigating the event.

A Polymarket trader challenges the handling of a disputed market related to Strategy’s Bitcoin sale, arguing that the sale date, not the disclosure date, should be considered based on written rules. The dispute centers on whether Strategy sold Bitcoin by May 31, 2026, with conflicting interpretations causing controversy in the market.

HIVE Digital Technologies ended fiscal 2026 with a smaller Bitcoin treasury of 150 BTC, down from 481 BTC in the previous quarter, despite record revenue. Mining 2,885 BTC, revenue grew 158% annually. HIVE plans a Toronto AI gigafactory for over 100,000 GPUs in late 2027. Balance fell due to capital spending and lower Bitcoin prices.

Georgia plans to install electricity meters in Mestia to address heavy power use caused by illegal crypto mining. Officials estimate that such activities cost the energy system millions of dollars annually. The new meters aim to track excess consumption and identify hidden mining operations, while law enforcement will support the process.

Capital B is seeking shareholder approval to authorize up to €5 billion in new equity issuance and €116 billion in credit instruments to expand its Bitcoin holdings. The company has raised funds from institutional investors and aims to increase its Bitcoin holdings per fully diluted share. Other Bitcoin treasury companies have reduced exposure recently.

Bitcoin has fallen below $70,000 due to capital flowing towards high-performing U.S. equity sectors, according to Binance Research. The analysis linked Bitcoin’s weakness to record levels of capital concentration in sectors such as AI, defense, and energy. Historical trends show that Bitcoin often struggles in such environments.

Strive Inc. increased its Bitcoin holdings to 19,000 BTC by buying an additional 2,500 BTC between May 23 and June 1, 2026. The company purchased the bitcoin at an average price of about $74,092 per coin, raising its cash and cash equivalents to $137.3 million from $93.3 million during the same period. Additionally, Strive expects…

Franklin Templeton has added its BENJI tokenized money market fund to MoonPay Trade, offering institutional clients a new way to trade between stablecoins and tokenized fund products. This partnership allows institutions to exchange stablecoins like USDC and USDT for BENJI through MoonPay’s on-chain trading system, expanding MoonPay’s institutional services.

Coinbase has invested in ProShares’ IQMM ETF to comply with the reserve requirements under the GENIUS Act. The fund mainly holds short-term U.S. Treasuries and cash equivalents. Coinbase believes stablecoin growth requires stronger reserve and liquidity management tools. The move aims to support stablecoin issuance and redemption systems.

Strategy sold 32 Bitcoin for $2.5 million to fund distributions on its STRC preferred stock. Michael Saylor promoted STRC as a top credit instrument. Strategy paused Bitcoin purchases to repurchase convertible debt. The sale revived questions about Strategy’s market timing. Saylor emphasized a flexible capital allocation approach.