A Polymarket user says he lost about $500,000 after a market tied to Strategy's first Bitcoin sale in years was resolved against his position. The dispute centers on whether the outcome should hinge on BTC being sold by 11:59 ET on May 31, or on public confirmation that arrived via an SEC 8-K filed on June 1.

On June 1, 2026, Swissblock said Bitcoin was "on the edge of a breakdown" after losing a key "Cost Basis Zone" that had supported prior consolidation. In early Asian trading on Tuesday, BTC fell to $70,000, down 3.8% on the day and 8% over the week, while analysts pointed to downside risk if price fails to reclaim the $72,000–$79,000 range.

Strategy reported selling 32 BTC for about $2.5 million between May 26 and May 31, with the funds earmarked to support distributions tied to its preferred stock. The company still held 843,706 BTC on its balance sheet and also raised roughly $128 million by selling 801,994 Class A shares during the same period.

In Q1, XRP underperformed even as the XRP Ledger's on-chain indicators strengthened. XRP's market cap fell 26% QoQ to about $82 billion and its price dropped 27% to $1.34, while average daily XRPL transactions rose 35% from 1.83 million to 2.48 million. The quarter also saw RLUSD reach a $340.3 million XRPL market cap and tokenized real-world assets climb 124% QoQ to $2.25 billion.

A Hyperliquid vault called “Long HYPE & BTC, Short Garbage” recorded a 638% APY over the past month while holding about $3.03 million in total value locked. The strategy runs 70% HYPE and 30% BTC on the long side and shorts a basket of at least 10 high-FDV, high-emission coins, with shorts representing roughly 60% of notional exposure. The article notes the approach is an aggressive leveraged long-short trade and not a low-risk yield product.

Over the past seven days, crypto prices moved lower, with Bitcoin sliding from the $77,000–$78,000 area toward roughly $73,000 by Friday amid risk-off positioning. The week also featured heavy US spot Bitcoin ETF redemptions, including more than $1 billion in a single day, while Ethereum hovered near $2,000 as sentiment stayed cautious.

XRP-linked ETFs recorded a $1.77 million net inflow yesterday, lifting total net assets to roughly $1.12 billion. The move came as US spot Bitcoin ETFs saw $228M in outflows and Ethereum products posted $121M in outflows, while XRP’s price was up about 2% but remained under broader bearish pressure.

Bitcoin fell under $73,000 after sliding more than $2,000 and losing over 3.5% over the past 24 hours. The move coincided with derivatives liquidations totaling just under $1 billion, amid market nerves tied to renewed US-Iran tensions and a reported $1.3 billion block sale of BlackRock’s IBIT shares.

Bitcoin fell to nearly $75,000, down about 2% on the day, after a sudden selloff drew attention to flows around BlackRock's spot BTC ETF, IBIT. Analysts highlighted a $1.289 billion IBIT block trade involving 29 million shares, and some traders said the timing lined up with BTC's sharp downside move. The trade was reported as occurring at 10:30 AM yesterday, fueling speculation about potential ETF outflows.