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Strategy Buys 1,550 BTC for $101M One Week After Selling 32, Cash Reserve Hits $1B
Markets

Strategy Buys 1,550 BTC for $101M One Week After Selling 32, Cash Reserve Hits $1B

Strategy purchased 1,550 bitcoin for $101.3 million between June 1 and 7, one week after its first BTC sale since 2022. Cash reserve reached $1 billion.
PiggyBank's LAB Hedge Fails, Cutting USDC Vault NAV by 15%
DeFi

PiggyBank's LAB Hedge Fails, Cutting USDC Vault NAV by 15%

A Solana yield protocol's bet on a contested mid-cap token turned a dollar-stable vault into one nursing double-digit losses. Depositors are waiting on a promised post-mortem.
Arthur Hayes Dumps Worldcoin Days After Maelstrom Pitched Its AI IPO Trade
People

Arthur Hayes Dumps Worldcoin Days After Maelstrom Pitched Its AI IPO Trade

Arthur Hayes sold his entire WLD position on June 6, less than three days after Maelstrom publicly pitched Worldcoin as a liquid AI IPO play — ending his full portfolio exit sequence across HYPE, NEAR, ZEC, and WLD.
Yuga Labs Executes White-Hat Rescue of 68 NFTs After Flooring Protocol Exploit
Hacks

Yuga Labs Executes White-Hat Rescue of 68 NFTs After Flooring Protocol Exploit

Yuga Labs used its GrailsOTC trading desk to pull 68 blue-chip NFTs valued at more than $500,000 out of vulnerable Flooring Protocol pools before attackers could drain them.
Over 200 Crypto Firms Urge Senate Vote on CLARITY Act as Galaxy Cuts Passage Odds to 60%
Regulation & Politics

Over 200 Crypto Firms Urge Senate Vote on CLARITY Act as Galaxy Cuts Passage Odds to 60%

A coalition of more than 200 organizations including Coinbase and Ripple pushed Senate leadership for a floor vote Monday. Galaxy Digital's research head simultaneously lowered his 2026 passage probability by 15 points, citing a shrinking calendar and unresolved ethics provisions.
Pump.fun Launches GO Bounty Platform, Immediately Draws Backlash Over Extreme Listings
NFTs & Web3

Pump.fun Launches GO Bounty Platform, Immediately Draws Backlash Over Extreme Listings

Pump.fun launched GO, an escrow-based bounty marketplace letting anyone post and complete tasks for SOL rewards, within hours a user posted a 690000 dollar suicide-linked listing the platform has yet to address.
Amir Haleem Steps Down as CEO of Nova Labs as HNT Falls 99% From Peak
People

Amir Haleem Steps Down as CEO of Nova Labs as HNT Falls 99% From Peak

The Helium co-founder moves to chairman as Mario Di Dio takes the top job, days after Nova Labs sold its consumer mobile carrier to Andrew Yang's Noble Mobile.
Chainlink CCIP Draws $1.1 Billion in Value in One Week as Virtuals Join Migration Wave
DeFi

Chainlink CCIP Draws $1.1 Billion in Value in One Week as Virtuals Join Migration Wave

Chainlink's CCIP drew over $1.1 billion in token value this week as Virtuals Protocol, Pleasing Market, and Zest Protocol joined a migration wave that has now moved nearly $5 billion in total value away from LayerZero since April's Kelp DAO exploit.
Dragonfly GP Tom Schmidt Calls Nova Markets Startup 'Huge Scammers,' Slams VCs
People

Dragonfly GP Tom Schmidt Calls Nova Markets Startup 'Huge Scammers,' Slams VCs

A Dragonfly Capital general partner partially walked back the attack on named investors. The founder responded by calling Schmidt a former backer turned hostile critic.
Bitcoin Breaks 200-Week Moving Average for First Time Since 2022 as Jobs Report Reprices Fed Cuts
Markets

Bitcoin Breaks 200-Week Moving Average for First Time Since 2022 as Jobs Report Reprices Fed Cuts

Bitcoin fell below its 200-week moving average dropping below $61,000 for the first time since the 2022 bear market, triggered by a blowout May payrolls report that repriced Fed rate-cut expectations and exposed a $1.2 billion options wall at $60,000.