On May 29, Strategy (formerly MicroStrategy) moved more than 411 Bitcoin to Coinbase Prime, drawing fresh scrutiny to Michael Saylor's financing model. Arkham Intelligence data showed two transfers of roughly 205.3 BTC and 206.2 BTC from Strategy-associated wallets before the coins reached the destination address.
An anonymous plaintiff who identified himself as Noah Doe filed a lawsuit in the New York Supreme Court, claiming legal ownership of 3.79 million BTC distributed across 39,069 dormant wallets, with an estimated value of between $285 billion and $293 billion at current prices.
Mark Cuban has dumped most of his Bitcoin, calling it “not the hedge I expected” as the Iran war and dollar volatility exposed what he sees as a failed safe haven narrative.
Strategy transferred 411.48 BTC valued at over $30 million to Coinbase Prime. The operation immediately sparked speculation about a possible sale of part of its reserves. The timing of the transaction was hard to ignore: on Polymarket, the probability that the company sells Bitcoin before December 31, 2026 already reached 84%.
The U.S. Commodity Futures Trading Commission has greenlit the nation's first bitcoin perpetual futures contract on a regulated exchange, marking a watershed moment for domestic crypto derivatives trading.
The U.S. Commodity Futures Trading Commission has approved Kalshi to launch the first federally regulated Bitcoin perpetual futures contract in the United States, opening a new path for crypto derivatives trading onshore.
Michael Saylor's Strategy Inc. (NASDAQ: MSTR) has sparked fresh fears of Bitcoin (BTC) sales after transferring 411 BTC to Coinbase Prime on May 29.
The approval, alongside separate Coinbase and Deribit relief, signals a growing regulatory framework for crypto perpetual futures in U.S. markets.
Texas published a request for proposals to hire a custodian that will transfer its strategic Bitcoin reserve from BlackRock's ETF to direct custody. The state allocated $10 million to the reserve and requires the winning firm to complete the transition from IBIT to self-custodied BTC within 60 days.
The CFTC issued an order allowing Kalshi to offer perpetual futures in the U.S., starting with contracts tied to Bitcoin's price.
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Bitcoin (BTC) has fallen 5.42% over the past seven days, trading near $73,693 on May 29, 2026. Market analysts suggest the leading cryptocurrency could face additional downside pressure as BlackRocks iShares Bitcoin Trust (IBIT) records its longest streak of outflows since launching in 2024.