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1 Jun 2026, 15:15

Radiant Capital to Shut Down After Failing to Recover From $53 Million Hack

BitcoinWorld Radiant Capital to Shut Down After Failing to Recover From $53 Million Hack Radiant Capital (RDNT), a decentralized finance protocol built on the Arbitrum and BNB Chain ecosystems, has announced it is beginning the process of ceasing operations. The decision comes after an 18-month recovery effort following a devastating $53 million exploit in October 2024. Failed Recovery and Loss of Viability In an official statement, the Radiant team confirmed that despite sustained efforts to recover stolen funds or secure new capital, neither goal was achieved. “The conditions to operate the protocol responsibly no longer exist,” the team wrote, signaling the end of the project’s operational runway. The protocol will now transition into a maintenance mode. While the front-end interface will remain functional, and smart contracts will continue to operate on-chain, no new development or growth initiatives will be pursued. Users can still withdraw deposits, repay loans, and manage existing positions through the platform. What Happens to Users and the Recovery Portal For victims of the October 2024 hack, the recovery portal will remain active. Any future assets recovered through ongoing legal or investigative efforts will be returned directly to affected users. The team emphasized that no new funds will be locked, and existing user positions are not at immediate risk of loss due to the shutdown. According to CoinMarketCap, RDNT is currently trading at $0.001465, down 3.65% on the day, reflecting the market’s reaction to the announcement. Broader Implications for DeFi Radiant Capital’s closure underscores the persistent challenges facing decentralized finance protocols, particularly around security and post-exploit recovery. The $53 million hack in October 2024 was one of the larger exploits of the year, and the inability to recover funds or attract rescue capital highlights the fragility of even well-known DeFi projects. The case also serves as a cautionary tale for users and investors in the DeFi space. While smart contracts offer transparency and autonomy, they also expose users to irreversible losses when vulnerabilities are exploited. Radiant’s failure to secure a bailout or insurance payout raises questions about the sustainability of protocols that lack robust contingency planning. Conclusion Radiant Capital’s shutdown marks the end of a project that once held promise in the cross-chain lending space. The team’s decision to maintain a functional interface for withdrawals and loan repayments offers some relief to users, but the loss of $53 million in user funds remains a stark reminder of the risks inherent in DeFi. As the industry matures, the ability to recover from exploits and maintain user trust will likely become a key differentiator between protocols that survive and those that do not. FAQs Q1: Can I still withdraw my funds from Radiant Capital? Yes. The protocol’s front-end and smart contracts remain operational in maintenance mode, allowing users to withdraw deposits, repay loans, and manage their positions. Q2: Will victims of the October 2024 hack ever get their money back? The recovery portal remains active, and any future assets recovered will be returned to affected users. However, the team has stated that no funds have been recovered so far, and there is no guarantee of future recovery. Q3: What caused Radiant Capital to shut down? The protocol suffered a $53 million exploit in October 2024. After 18 months of unsuccessful recovery efforts and an inability to attract new capital, the team determined that the conditions to operate responsibly no longer existed. This post Radiant Capital to Shut Down After Failing to Recover From $53 Million Hack first appeared on BitcoinWorld .

1 Jun 2026, 15:14

MSTR Stock Forecast: Why Strategy Sold Bitcoin for the First Time Since 2022

Strategy, the Bitcoin treasury company chaired by Michael Saylor, sold a small portion of its Bitcoin holdings last week, marking its first disclosed net sale of the asset in more than three years. The sale came as Bitcoin weakened toward the $72,000 area and Strategy shares moved lower in pre-market trading. According to a Monday filing , Strategy sold 32 BTC between May 26 and May 31 for about $2.5 million. The average sale price was $77,135 per Bitcoin. The company said the proceeds will be used to fund dividend payments on STRC, its perpetual preferred stock, also known as ”Stretch.” The transaction represented a very small share of Strategy’s overall Bitcoin treasury. As of May 31, the company still held 843,706 BTC at an average purchase price of $75,699 per coin. Based on those figures, the sale accounted for about 0.0038% of its total holdings. Strategy Sells Bitcoin to Fund STRC Dividends The sale followed recent comments from Strategy executives about actively managing the company’s balance sheet. The company had long been associated with Saylor’s “never sell” Bitcoin approach, but management has recently indicated that limited sales may be considered when they support financial goals. Strategy Chief Executive Phong Le said during the company’s May earnings call that the firm wants to remain a net aggregator of Bitcoin while also increasing Bitcoin per share. He said that the metric is viewed internally as an important measure for long-term shareholder value. STRC has become a key part of Strategy’s financing structure. The preferred stock is designed to provide yield to investors and is backed by the company’s Bitcoin-heavy balance sheet. Strategy has used products such as STRC, common stock sales, and other capital tools to support its treasury strategy. During the same May 26 to May 31 period, Strategy also sold 801,994 shares of common stock, raising $128.3 million. The company allocated part of the proceeds to lift its U.S. dollar cash reserve from $871 million to $900 million. It had also recently spent $1.5 billion to repurchase its 2029 convertible notes. MSTR Shares Drop as Bitcoin Weakens Strategy shares (MSTR) fell more than 6% in early trading after the filing. Bitcoin also moved lower, falling near its weakest level since mid-April. The asset traded around $72,105 in the latest reported session, down about 1.99% on the day. The Bitcoin sale came during a broader pullback in the crypto market. Bitcoin has dropped more than 42% from its all-time high above $126,000. Spot Bitcoin ETFs also recorded a 10-day streak of net outflows, the longest such stretch reported for the products. Market pressure also followed reports that Iran halted talks with the United States in response to Israel’s actions in Lebanon. After Bitcoin fell below $71,500, more than $90 million in BTC-tracked futures positions were liquidated, according to the market data cited in the report. This is not the first time, though, Strategy has sold Bitcoin. However, the latest sale differs from Strategy’s December 2022 Bitcoin transaction. At that time, the company sold 704 BTC but later bought 2,395 BTC, making the activity a net increase. The 2022 sale was widely viewed as tax-loss harvesting during a bear market. The latest filing showed a standalone net reduction, but the Chairman, Michael Saylor, had predicted it as we reported. Bitcoin Price Analysis Tests $72K Support Bitcoin’s daily chart remains under pressure after the price failed near the $82,000 resistance area. BTC later lost the $79,000 and $78,000 support zones, creating lower highs and lower lows on the short-term chart. The current support area sits near $72,000; however, if a close comes below that level, it could open a move toward the $70,000 zone. If selling continues, the next support areas sit near $68,000 and the $66,000 to $65,000 range. On the upside, Bitcoin faces resistance near $73,500 to $74,000. A move above $76,000 could reduce immediate selling pressure, while a daily close above $79,000 would give buyers a stronger technical signal. This BTC price trend was, however, expected, with Cryptoquant data showing Bitcoin’s one-week realized volatility has dropped to about 17%, down from nearly 39% at the start of the quarter. The current reading is far below its long-term median near 34% and reflects a market that has moved into a narrow trading phase. Source: Cryptoquant Low realized volatility does not show direction by itself. It shows that Bitcoin’s recent price movement has been compressed. In previous cycles, long periods of quiet trading have often preceded larger moves once volume returns. Concurrently, the technical indicators are still showing weak momentum. The Relative Strength Index is near 32.31, close to oversold territory but not yet showing a confirmed recovery. In addition, the Moving Average Convergence Divergence has remained bearish, with a negative histogram and no clear upward cross, which hints BTC may test its lower support levels.

1 Jun 2026, 15:14

4-Year Cycle Reality Check: Why Bitcoin's Spring Rally Was Fakeout

Forget Michael Saylor's sales: Benjamin Cowen explains why Bitcoin's 16-week spring rally was a classic fakeout ahead of a brutal 4-year cycle drop this June.

1 Jun 2026, 15:11

5 Most Frequent Mistakes Beginners Make in Crypto Sports Betting

Sports betting with Bitcoin, USDT, and other cryptocurrencies has become significantly more accessible over the past few years. Web3 sportsbooks allow players to register through a crypto wallet, deposit funds within seconds, and place wagers on football, basketball, MMA, esports, and hundreds of other markets without relying on banks or traditional payment systems. That convenience attracts many newcomers. Yet most beginners focus on bonuses, potential winnings, or large parlay payouts while ignoring the fundamentals that determine long-term results. Below are five of the most common errors new crypto bettors make and how to avoid them. 1. Betting Without a Bankroll Plan The fastest way to lose money in sports betting is to start wagering without a defined bankroll. Many beginners deposit funds and immediately start placing random bets based on intuition, social media predictions, or favorite teams. After a few losses, they increase stake sizes in an attempt to recover quickly. That usually accelerates losses rather than reversing them. Bankroll management remains one of the most important concepts in betting because losing streaks are unavoidable. Even professional bettors experience them. The difference is that experienced bettors structure their stake sizes so that a bad week does not wipe out their entire balance. A common beginner approach is to risk 10% to 20% of available funds on a single wager. Most bankroll management guides recommend much smaller unit sizes, often around 1% to 3% of total bankroll per bet. For example: Bankroll: $500 Standard unit: $10–15 Multiple consecutive losses: manageable Entire bankroll: preserved Crypto betting platforms make this easier because players can deposit and wager precise amounts without banking restrictions. Platforms such as Dexsport.io support more than 40 cryptocurrencies across 20 networks, allowing bettors to maintain dedicated betting bankrolls separate from their daily finances. The platform also supports fee-free deposits and withdrawals, making bankroll management more predictable. 2. Chasing Losses Almost every bettor eventually experiences a sequence of bad results. Beginners often respond emotionally. A $20 loss becomes a $50 bet. Then a $100 bet. Then an all-in wager on a live match that was barely researched. This behavior is known as chasing losses, and it is one of the clearest warning signs of poor betting discipline. Responsible gambling experts consistently identify chasing as one of the most damaging habits because it shifts decision-making from analysis to emotion. The logic seems reasonable in the moment: "I only need one win to get everything back." The problem is that emotional betting typically leads to lower-quality decisions and larger exposure. A better approach is straightforward: Accept losses as part of betting. Maintain consistent unit sizes. Stop betting when frustration begins affecting decisions. Use sportsbook limits and cooldown tools if necessary. Sports betting should never function as a recovery mechanism for financial losses. It is entertainment and risk-taking combined, not a guaranteed income source. 3. Falling for Massive Parlays Social media is full of screenshots showing tiny bets turning into thousands of dollars. A $30 parlay becomes six figures . These stories attract attention because they are rare. Parlays combine multiple selections into a single bet. Every prediction must be correct for the ticket to win. While payouts can appear attractive, sportsbooks generally earn significantly higher margins from parlays than from standard single bets. Research and industry reporting consistently show that parlays are among the most profitable products for bookmakers because winning them is extremely difficult. That does not mean parlays should never be used. The mistake occurs when beginners make large 8-leg, 10-leg, or 15-leg parlays their primary betting strategy. A more practical approach is: Focus mainly on single bets. Use parlays sparingly. Keep parlays small if you enjoy them. Understand the true probability behind every selection. Many experienced bettors treat parlays as entertainment rather than as a core strategy. 4. Ignoring Odds and Betting Value New bettors often focus only on predicting winners. That is only part of the equation. Sports betting is fundamentally about odds. A team can win a match and still be a poor betting choice if the odds are too low. Conversely, an underdog can lose often and still generate positive long-term value if prices are favorable enough. This distinction is where many beginners struggle. Research into sports betting models has repeatedly shown that evaluating probabilities correctly matters more than simply identifying winners. Consider these two examples: Team A has a 60% chance to win and is priced as if it has a 75% chance. Team B has a 45% chance to win and is priced as if it has a 35% chance. Many beginners choose Team A because it is more likely to win. Experienced bettors pay attention to pricing inefficiencies and expected value. Before placing any wager, ask: What probability do I believe this outcome has? What probability does the sportsbook imply? Is there a meaningful difference? Without understanding odds, betting becomes guessing. 5. Choosing the Wrong Sportsbook The sportsbook itself matters more than many beginners realize. Some platforms offer poor odds, slow withdrawals, hidden terms, aggressive verification procedures, or unclear bonus requirements. Before depositing funds, evaluate: Licensing and regulation Security audits Supported cryptocurrencies Withdrawal speed Transparency of promotions Betting market depth Reputation among users Dexsport is one example of a crypto-native sportsbook that addresses several concerns beginners typically encounter. The platform operates under an Anjouan license, supports registration through Telegram, email, MetaMask, Trust Wallet, and other wallet solutions, and does not require mandatory KYC for standard access. It has also undergone audits by CertiK and Pessimistic. Beyond sportsbook functionality, Dexsport includes over 10,000 casino games and provides public live bet tracking that allows users to view betting activity and outcomes in real time, creating an additional layer of transparency uncommon in the broader crypto gambling sector. For beginners, transparency often matters more than promotional size. A smaller bonus on a reliable platform is usually preferable to a larger bonus attached to difficult withdrawal conditions. Why Crypto Bettors Need Extra Discipline Crypto betting introduces an additional layer of volatility. A bankroll held entirely in Bitcoin, Ethereum, or other digital assets can fluctuate even before a wager is placed. Many crypto bettors therefore separate betting performance from cryptocurrency price performance by: Using stablecoins such as USDT Tracking betting results independently Maintaining fixed staking units Avoiding emotional reactions to market volatility Bankroll management becomes even more important when both sports outcomes and asset prices can affect results simultaneously. Final Thoughts Most beginner mistakes in crypto sports betting have very little to do with sports knowledge. They come from poor money management, emotional decisions, unrealistic expectations, misunderstanding odds, and choosing unreliable platforms. The bettors who last longest are rarely the ones chasing 20-leg parlays or doubling stakes after every loss. They are usually the players who treat betting as a structured activity, maintain discipline, and focus on long-term decision quality. Whether using Bitcoin, Ethereum, or USDT, the same principle applies: protect your bankroll first. Everything else comes after that. For players looking for a crypto-native environment with wallet connectivity, no-KYC access, multi-chain support, transparent betting records, and extensive sportsbook coverage, Dexsport remains one of the more established options in the Web3 betting sector. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

1 Jun 2026, 15:10

Jeffrey Huang Faces Another Forced Liquidation Risk After $35 Million ETH Futures Loss

BitcoinWorld Jeffrey Huang Faces Another Forced Liquidation Risk After $35 Million ETH Futures Loss Taiwanese singer and cryptocurrency investor Jeffrey Huang is once again at risk of forced liquidation, according to data from blockchain analytics platform Hyperscan. Huang currently holds a 25x leveraged long position of 2,200 ETH, valued at approximately $4.33 million, with an entry price of $2,009 and a liquidation price of $1,946. Background of Losses This development follows a series of significant losses for Huang, who has reportedly lost around $35 million from his Ethereum futures investments to date. The latest position, opened with high leverage, leaves him vulnerable to a sharp market downturn. If Ethereum’s price falls below $1,946, the position will be automatically liquidated, resulting in a total loss of the initial margin. Market Context and Implications The news comes amid heightened volatility in the cryptocurrency market, with Ethereum trading near critical support levels. Huang’s situation highlights the risks associated with leveraged trading, particularly for high-net-worth individuals who may face cascading liquidations during market corrections. Analysts warn that such large positions can amplify market movements, potentially triggering broader sell-offs. Why This Matters For retail and institutional investors alike, Huang’s case serves as a cautionary tale about the dangers of excessive leverage in volatile markets. It underscores the importance of risk management and the potential for rapid capital erosion even among experienced traders. The incident also draws attention to the growing trend of celebrities and public figures engaging in high-risk crypto trading, which can influence market sentiment and retail investor behavior. Conclusion Jeffrey Huang’s ongoing liquidation risk reflects the precarious nature of leveraged cryptocurrency trading. As Ethereum prices fluctuate, the outcome of his position could have ripple effects across the market. Investors are advised to monitor the situation closely and consider the broader implications for market stability. FAQs Q1: What is forced liquidation in cryptocurrency trading? Forced liquidation occurs when a trader’s leveraged position is automatically closed by the exchange because the margin balance falls below the required maintenance level, typically due to adverse price movements. Q2: How much has Jeffrey Huang lost so far? According to reports, Huang has lost approximately $35 million from his Ethereum futures investments, with the latest position adding further risk. Q3: What is the current liquidation price for Huang’s position? Huang’s liquidation price is $1,946 per ETH, with an entry price of $2,009 and a leverage of 25x. This post Jeffrey Huang Faces Another Forced Liquidation Risk After $35 Million ETH Futures Loss first appeared on BitcoinWorld .

1 Jun 2026, 15:05

Bitcoin’s Price Drops Toward $71K as Total Liquidations Surpass $500 Million

Bitcoin’s price took yet another hit in recent hours, dropping toward $71,000 after failing to maintain the weekend momentum that took it to about $74,000. The asset fell by roughly 3% on the day, touching an intraday low near $71,300. Source: TradingView It’s also important to note that the sudden decline triggered a wave of forced liquidations across the crypto derivatives market. Data from CoinGlass shows that total liquidations surpassed $500 million for the past 24 hours, with $135 million of that happening in the last hour alone. Many traders were caught on the wrong side of the move, and long positions accounted for the majority of the wipeout. This also indicates that many traders were expecting a continuation higher after Bitcoin’s earlier attempt to stabilize near $74,000. Source: Coinglass BTC was among the leading assets by liquidation volume, alongside Ethereum, which is oftentimes the case during market-wide wipeouts. The selloff comes after days of fragile price action, during which the cryptocurrency repeatedly failed to reclaim higher resistance levels. With BTC now hovering close to $71,000, the market appears to be entering a more defensive and bearish phase. A deeper break below this area could intensify selling pressure and potentially trigger another round of volatility. The post Bitcoin’s Price Drops Toward $71K as Total Liquidations Surpass $500 Million appeared first on CryptoPotato .