Arthur Hayes and Kyle Samani (Multicoin Capital) have made a $100,000 bet on HYPE vs SOL from June 2 to January 1. Hayes believes HYPE will outperform the top 10 by returns, while Samani backs SOL with proceeds going to charity.

Kyle Samani is one of the largest institutional holders of SOL.

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⚡️ JUST IN: U.S. Digital Asset Market Clarity Act of 2025 has been placed on the Senate legislative calendar.

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“Blackrock bought 5000 BTC”

BTC up +0.1%

“Blackrock sold 32 BTC”

BTC down -10%

Math isn’t mathing.

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Robinhood has listed Axie Infinity (AXS) and Bio Protocol (BIO).

Axie Infinity is a GameFi pioneer that attracted millions of users at its peak in 2021. Bio Protocol is a decentralized protocol for funding biomedical research.

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😃 Polymarket Faces Dispute Over Strategy Bitcoin Sale

Polymarket is in controversy over its $129.5 million market on whether Strategy sold Bitcoin before May ended.

On June 1, Strategy reported selling 32 BTC in the last week of May, but the market had closed with a "No" outcome earlier.

"Yes" contract holders dispute this, saying the sale was before the deadline.

The "No" side says confirmation came after closure.

The market description was updated post-closure to ignore late confirmations. The market is under final review as traders await Polymarket's decision.

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❕ Binance announces that starting 2026-06-03, users holding transferable NFTs on Binance will have one month to withdraw them to their Binance wallet or other compatible wallets.

After the upgrade on 2026-07-03, support for the current NFT service on Binance will end, and any NFTs not withdrawn by then will become inaccessible. Non-transferable NFTs cannot be withdrawn.

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LAB token crashed about 77% in a few hours, dropping from around $24 to $5.7, losing nearly $6.8 billion in market cap.

It later partially recovered, highlighting the risks of overheated and low-liquidity altcoins after hitting an all-time high.

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In May, inflows into companies holding digital assets totaled $180.5 million, down from $4 billion in April.

This is 95% lower than April and about 93% below the January-May average, mostly to entities holding Bitcoin.

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One of the earliest memes that helped explain Bitcoin was:

"If you own 1 Bitcoin it's worth $68,000, but if you own 21 million Bitcoin it's worth $0"

Saylor has breached an unenforceable part of Bitcoin's social covenant. The path to resolution is only becoming more uncertain (bad).

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NEAR will implement post-quantum cryptography by the end of Q2 thanks to its architecture with rotating keys.

Bitcoin and Ethereum lack this feature, as signature changes require network migration.

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⚡️ JUST IN: Saylor declares volatility creates opportunity.

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A trader on X just closed a public $LAB short for a $3.4 million loss, after paying $864,000 in funding.

The crazy part?

The position was closed just one hour before the chart completely collapsed in what many are calling a scam wick.

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🪙 Mastercard Enables Stablecoin Payments

Mastercard will allow issuers and acquirers to choose between fiat or blockchain payments using a unified infrastructure. Supported stablecoins include USDC, PYUSD, USDG, USDP, RLUSD, and SoFiUSD.

The platform will operate across blockchains such as Arbitrum, Base, Ethereum, Solana, Polygon, and XRPL. Initial partners in the US and Latin America include ARQ, CBW Bank, Cross River, Lead Bank, and Nuvei. Expansion to other regions is planned by the end of the year.

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Tom Lee and Michael Saylor's crypto portfolios are deeply underwater, with Bitmine holding 5,400,000 ETH down about $8.9 billion and Strategy holding 843,700 BTC down roughly $7.6 billion.

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👍 Critical Zcash Vulnerability Discovered

A critical vulnerability was found in the Orchard private transaction pool of Zcash (ZEC), allowing unlimited creation of fake ZEC tokens unnoticed by the network.

This flaw was detected on May 29 using the Claude Opus 4.8 model from Anthropic.

Following the discovery, Zcash Foundation confirmed user funds remain safe and no exploitation has been recorded. Developers are now considering an upgrade to verify the total supply’s integrity.

Meanwhile, ZEC price plunged by 31%.

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a16z bought 155,321 HYPE worth $11.1 million in the last 14 hours.

Since the start of this year, a16z has accumulated 6.75 million HYPE totaling over $312 million at an average price of $46.24, with unrealized gains around $141 million.

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Michael Saylor says capital markets are funding AI development with about $400 billion in six months, causing $4 billion outflows from BTC ETFs since May 14.

He calls this a capital redistribution, not Bitcoin devaluation, and says volatility creates opportunities.

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Bankless host Ryan Sean Adams says Ethereum is a failed project without ETH worth trillions as a global store of value.

He insists it's better to admit failure than to separate Ethereum from ETH.

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The costliest trade last year was choosing crypto over AI

Will this trend reverse?

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Crypto prices since Trump took office:

$BTC: -44%
$ETH: -49%
$XRP: -68%
$SOL: -77%
$DOGE: -79%
$AVAX: -82%
$ADA: -85%
$SUI: -86%
$ENA: -92%
$APT: -93%
$TRUMP: -97.7%
$MELANIA: -99.5%

Please please Mr. President. It’s too much winning. We can’t take it anymore.

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