hodler

2 Jun 2026, 12:30

Polymarket Faces Backlash After Strategy Bitcoin Sale

The disclosure caused a dispute on Polymarket, where more than $80 million had been wagered on whether the company would sell Bitcoin by May 31. Although the sale occurred before the deadline, it was not publicly revealed until June 1, leading Polymarket to initially propose a “No” resolution. Strategy Bitcoin Sale Triggers Controversy A dispute over the outcome of a Polymarket prediction market intensified after Strategy disclosed that it sold Bitcoin before the market’s deadline, despite the information only becoming public after the cutoff date. More than $80 million has been wagered on the market, which asked whether Strategy would sell Bitcoin by May 31. The controversy began after Strategy revealed in a regulatory filing on June 1 that it sold 32 BTC worth approximately $2.5 million between May 26 and May 31. While the transaction itself occurred within the timeframe specified by the market, the disclosure was not made until after the deadline had passed. As a result, Polymarket initially moved to resolve the market as “No,” arguing that there was no publicly available confirmation of a Bitcoin sale before the deadline expired. (Source: Polymarket) This decision caused debate among market participants. Many users argued that the market should be settled based on whether the sale actually occurred before May 31, rather than when the information became public. Critics of the proposed resolution claimed that the underlying event clearly took place within the required period and that the market should reflect that fact. Several users expressed frustration in the market’s comment section, with some accusing the platform of prioritizing technical interpretations over the actual outcome. Despite these objections, the market continued to indicate overwhelming confidence in a “No” resolution, with approximately 99.9% odds assigned to that outcome. However, the dispute process is still ongoing. Because two proposed resolutions have already been challenged, the final decision will now be made by holders of the UMA token, which powers the decentralized oracle system used by Polymarket to settle prediction markets. According to the platform’s rules, the review process could take up to two days to complete. The situation turned heads because the Bitcoin sale was Strategy’s first since 2022. The company has long been associated with an aggressive Bitcoin accumulation strategy and previously held firm that it did not intend to sell its holdings. Even after the sale, Strategy still holds more than $60 billion worth of Bitcoin, making it one of the largest corporate holders of the asset.

2 Jun 2026, 12:26

Ripple Price Analysis: XRP Shows Deeper Correction Signs Against Both USD and BTC

Ripple’s XRP remains under pressure against both the US dollar and Bitcoin, with the price action continuing to respect a broader bearish structure. The daily charts show the token trading below key moving averages while approaching important support zones that could determine the next major directional move. Ripple Price Analysis: The Daily Chart Against the US dollar, XRP is trading near $1.26 after another rejection from the descending channel resistance. The asset remains capped below both the 100-day moving average around $1.4 and the 200-day moving average near $1.65, highlighting the lack of bullish momentum on the higher timeframe. The broader trend continues to favor sellers as XRP remains confined within a well-defined downward channel. Recent attempts to reclaim the 100-day MA failed, leading to another leg lower toward the lower half of the channel. Immediate support is located around the $1.1 to $1.2 demand zone, which has already acted as a significant reaction area earlier in the year. A breakdown below this region could expose the channel’s lower boundary and potentially trigger a deeper correction. XRP/BTC Chart From a relative-strength perspective, the XRP/BTC chart paints a similarly weak picture. The pair remains inside a long-term descending channel while trading beneath both the 100-day and 200-day moving averages. Despite a recent bounce from the local bottom around 1,740 sats, the recovery has so far been limited and remains below the nearest resistance zone around 1,850 sats. However, the pair is currently testing a nearby supply zone around 1,850 sats. A successful breakout above this level could open the door toward the broader resistance region between 1,950 and 2,050 sats, where the 100-day moving average is also located. Failure to reclaim this area would keep the bearish market structure intact and increase the likelihood of another retest of the recent lows. The post Ripple Price Analysis: XRP Shows Deeper Correction Signs Against Both USD and BTC appeared first on CryptoPotato .

2 Jun 2026, 12:24

Bitcoin Falls Below $70K as Saylor Sells 32 BTC, Open Interest Hits 773,000 BTC Record

Bitcoin News Recent Bitcoin ETF redemptions are drawing oversized attention but represent normal product flow rather than a structural shift in institutional demand. Bloomberg Intelligence analyst ...

2 Jun 2026, 12:23

SWIFT highlights a new phase in global payments! What is the next move for Ripple and Stellar?

🚨 The SWIFT network is signaling a crucial shift by embracing digital asset integration! Ripple and Stellar stand out as the leading candidates in cross border payment innovation. 💡 Real time settlements and blockchain interoperability are at the heart of this global transformation for $XRP. Continue Reading: SWIFT highlights a new phase in global payments! What is the next move for Ripple and Stellar? The post SWIFT highlights a new phase in global payments! What is the next move for Ripple and Stellar? appeared first on COINTURK NEWS .

2 Jun 2026, 12:23

Strive adds 2,500 bitcoin to hit 19,000 BTC a day after Strategy turns seller

Benchmark's Mark Palmer initiated coverage with a Buy rating and $32 price target as ASST shares fell 3.59% pre-market.

2 Jun 2026, 12:20

Cobie Denies $6.58M LDO ‘Dump’: It Was Wintermute

Cobie publicly denied dumping $6.58M worth of LDO tokens. The wallets flagged by on-chain tracking platform Lookonchain belonged to Wintermute, one of crypto’s largest market makers, not to the Lido DAO co-founder. The incident is a clean case study in how on-chain misattribution travels. A high-follower analytics account flags a transaction, the post goes viral, and a false narrative is already embedded in the feed before any correction lands. It is not the first time Wintermute’s operational flows have been misread as a celebrity dump. You’re looking at Wintermute’s wallets and reporting them as mine. Why would I be using 5 exchanges simultaneously? Why would I be using Gate? Please use your brain. — Cobie (@cobie) June 2, 2026 Discover: The Best Crypto to Diversify Your Portfolio Cobie and LDO On-Chain Data Lookonchain’s original post stated: “It seems that Cobie dumped 20M $LDO ($6.58M)! Wallets linked to Cobie collected 20M $LDO from multiple wallets 6 hours ago and deposited it all into Binance, Kraken, OKX, Bybit, and Gate 1 hour ago.” The framing implied a coordinated sell-off by a named insider, but the on-chain data told a different story. Five centralized exchanges hit simultaneously, Binance, Kraken, OKX, Bybit, and Gate, is not how an individual whale exits a position. That is how a market maker rebalances inventory across venues to manage spreads, fulfill OTC commitments, and keep order books liquid. Lido Dao (LDO) 24h 7d 30d 1y All time Wintermute operates exactly this way, routing large token flows across multiple CEX and DeFi venues in a single window, a behavior that platforms like Arkham Intelligence and Nansen can mistake for directional selling when wallet labels are stale or incomplete. Cobie’s rebuttal was blunt: “You’re looking at Wintermute’s wallets and reporting them as mine. Why would I be using 5 exchanges simultaneously? Why would I be using Gate? Please use your brain.” The misattribution stems from a documented prior transaction. In July 2024, Cobie transferred 3.64 million LDO to a Wintermute OTC wallet, a move Lookonchain itself had reported. That earlier link between Cobie’s addresses and Wintermute’s operational footprint appears to have seeded the incorrect wallet labeling that triggered June 2’s false alarm. This is the structural flaw: on-chain attribution tools tag wallets based on historical transaction graphs, but when a market maker’s OTC desk handles a sale for someone, subsequent flows through related infrastructure get misattributed to the original seller. Discover: The Best Token Presales LiquidChain Offers LDO Potential LDO is 98% away from its all-time high, but those who bought the DAO at the presale stage are likely still in profit even if they are holding today. This is something that Liquid potentially offers. LiquidChain ($LIQUID) is a Layer 3 infrastructure project currently in presale, positioning itself as a cross-chain liquidity layer that fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The master plan being formulated. ⟁ https://t.co/vqvBcdSQYC pic.twitter.com/pAs9sHhkmi — LiquidChain (@getliquidchain) May 31, 2026 The core proposition, deploy once, access all three ecosystems, targets the fragmentation problem that has limited capital efficiency across chains. Features include a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and Deploy-Once Architecture. Presale price stands at $0.01465 , with $820K raised to date. At that entry, the distance between the current price and any meaningful exchange listing shows the asymmetry that large-cap capitulations rarely offer. Research LiquidChain before the presale phase concludes. The post Cobie Denies $6.58M LDO ‘Dump’: It Was Wintermute appeared first on Cryptonews .