Strategy Sells 32 Bitcoin, Keeps 843,706 BTC

Strategy sold 32 BTC for about $2.5 million between May 26 and May 31, marking its first Bitcoin sale since a 2022 tax-loss trade. The company said proceeds are expected to fund preferred-stock distributions, while its remaining 843,706 BTC are worth around $61 billion.

The sale followed executive warnings that Strategy could sell small amounts to support STRC dividends, despite Michael Saylor’s earlier “never sell” posture. Saylor has since framed the policy as net accumulation, saying any Bitcoin spent should be replenished by larger future purchases.

Strategy’s holdings still represent more than 4% of Bitcoin’s 21 million supply cap, but the position carries about $2.9 billion in paper losses at current prices. The company bought its Bitcoin at an average $75,699, after spending roughly $63.9 billion including fees and expenses.

The disclosure also triggered a $79 million Polymarket dispute over whether the sale counted before a May 31 deadline or only after its June 1 filing. Polymarket favored the later-confirmation reading, while UMA voters hold the final say in a market built on ambiguous timing.

Radiant Winds Down After $50 Million Hack

Radiant Capital said it will wind down after failing to recover meaningfully from a roughly $50 million 2024 exploit. The omnichain money market tried for 18 months to raise capital, support users and pursue stolen funds. Contributors said the DAO no longer has a viable path forward.

The protocol will enter maintenance mode, leaving its frontend and smart contracts accessible for withdrawals, repayments and position management. Radiant said any future recovered funds will go back to affected users. The closure follows a separate 1,900 ETH flash-loan attack earlier in 2024.

Binance Adds 7,000 US Stocks Abroad

Binance launched trading in more than 7,000 US-listed stocks and ETFs for customers outside the United States. The exchange is offering zero-commission access, fractional purchases from $5, and funding through USDC, USDT, BNB and other assets. Nest Trading arranges purchases while Alpaca handles custody.

The rollout fits Binance’s super-app push and prepares the way for bStocks, tokenized equities on BNB Chain. Binance says tokenized shares could settle faster and interact with DeFi apps. The launch follows renewed competition from Kraken, Robinhood and Hyperliquid in tokenized equity markets.

Whitehat Unlocks $2 Million Frozen Since 2016

Ethereum developer 0xFlorent_ helped recover more than 1,000 ETH from HongCoin’s failed 2016 token sale. A smart-contract bug had blocked refunds after the ICO missed its funding goal. The fix allowed HongCoin’s team to unlock funds for 48 original investors.

The recovery is rare because many frozen funds remain trapped by lost keys or irreversible contract logic. Security experts said old contracts may still hold dormant value, but similar outcomes depend on specific flaws. The case highlights both early Ethereum design limits and better forensic tooling.

Data of the Day

Mt. Gox moved roughly $739 million in Bitcoin from cold wallets, its first major onchain activity in more than two months. Arkham data showed 10,306 BTC sent to an unmarked address and 116.3 BTC moved to a hot wallet. The exchange still holds $2.4 billion in Bitcoin.

The transfer revived questions about creditor repayments and possible selling pressure after more than a decade of waiting. Mt. Gox began repayments in 2024 through Kraken and Bitstamp, but deadlines were repeatedly extended. Its trustee now has until October 31, 2026 to complete distributions.

More Breaking News

• Toncoin traded near $2.00 after Pavel Durov said Telegram will rebrand the token as Gram, reviving the project’s original currency name.
• Coinbase Ventures bought ENA on the open market as Ethena announced a partnership to expand onchain finance and savings products.
• Galaxy Digital launched institutional OTC prediction market trading with a $10 million Kalshi trade tied to Clarity Act passage, executed with Arca.
• FalconX said Hyperliquid is drawing hedge fund flows as HYPE liquidity rises and some trading days outpace Ethereum activity among clients.
• Securitize brought Hamilton Lane’s HLSCOPE private credit fund to TRON, expanding regulated tokenized assets across a network with 383 million accounts.
• Ripple’s RLUSD expanded into Turkey through BiLira, Bitexen and Bitlo, targeting institutional demand in a nearly $200 billion crypto market.
• Vitalik Buterin proposed options-based synthetic assets that avoid liquidations, using slow oracles instead of real-time feeds to reduce manipulation risk.

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