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| Crypto funds bleed $1.67B as Binance expands into US stocks |
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June 1, 2026 |
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Your Daily Digest of the π₯Hottest News in Crypto. |
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Today’s top stories₿ Strategy offloads 32 BTC and trims treasury to 843,706 BTC
πΈ Crypto ETPs log $1.67B weekly outflows, led by Bitcoin funds
π Binance launches zero-commission US stock and ETF trading for eligible users
π° Keep reading for all of today’s biggest headlines |
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Strategy sells 32 BTC in first Bitcoin sale since 2022Strategy sold 32 Bitcoin last week for $2.5 million at an average price of $77,135 per BTC, marking its first reported Bitcoin sale since a 2022 tax-loss transaction. The sale reduced the company’s holdings from 843,738 BTC to 843,706 BTC, with proceeds expected to fund preferred stock distributions. Strategy also sold 801,994 Class A shares, raising $128.3 million, as scrutiny grows around its preferred stock financing model and whether dividend obligations could eventually pressure the company to sell some of its Bitcoin. The move comes as broader corporate Bitcoin treasury demand appears to be cooling, with several firms slowing purchases or selling small portions of their holdings.
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Bitcoin ETPs post largest 2026 outflow as crypto funds bleed $1.67BCrypto exchange-traded products recorded $1.67 billion in outflows last week, extending losses to a third straight week and bringing the three-week total to $4.21 billion, according to CoinShares. Bitcoin funds led the sell-off with $1.44 billion in outflows, the largest weekly BTC ETP exit of 2026, while Ether funds shed $257.3 million. The United States accounted for nearly all of the withdrawals, with $1.63 billion in outflows, as institutional demand weakened and market risk appetite deteriorated. CoinShares also said altcoin participation narrowed sharply, with only five assets posting meaningful inflows above $1 million, led by XRP. |
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Binance adds US stock trading in push beyond cryptoBinance launched US equities trading for eligible users, allowing access to more than 7,000 stocks and ETFs with zero commissions, fractional shares starting at $5 and select equities available on a 24/5 basis. The rollout is part of Binance’s broader push to become a multi-asset financial platform, putting it in closer competition with Coinbase, Kraken and other exchanges moving beyond crypto into stocks, ETFs, derivatives and tokenized assets. Binance also plans to launch bStocks in the coming weeks — tokenized securities representing US stocks and ETFs — pending regulatory approval, with purchases primarily made through USDC and sales proceeds received in USDC. |
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MARKETS |
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Trump says Iran will ‘work out well’: Five things to know in Bitcoin this weekBitcoin entered June under pressure as renewed US-Iran tensions weighed on crypto markets, pushing BTC below $73,000 and putting $72,000 liquidity in focus. Cointelegraph’s weekly Bitcoin market outlook says ceasefire uncertainty remains a key volatility driver, even as US President Donald Trump publicly expressed confidence that the situation would “work out well.” The piece also flags several macro and market factors to watch: upcoming US employment data, ISM manufacturing PMI, Bitcoin’s struggle around the $73,000 level, doubts over whether February’s $60,000 lows can act as a reliable floor, and CryptoQuant/Santiment warnings that overly bullish positioning could trigger another flush of leveraged longs. |
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