2d ago
Strategy Authorizes Up to $1.25 Billion in Bitcoin Sales, Ending Four-Year ‘Never Sell’ Policy
Strategy authorized bitcoin sales of up to $1.25 billion on June 29, 2026, marking the end of four years of an absolute “never sell” stance. The decision was formalized under a Digital Credit Capital Framework and signals a shift in how Michael Saylor’s firm plans to manage its balance sheet. The move came as mNAV fell below 1.0x, pressuring the company’s long-running treasury model.
BTC
BTC+1.63%
2d ago
6-24
Hyperliquid claims 44% of on-chain perpetuals volume after launching without VC or a presale
Hyperliquid, a decentralized derivatives exchange that also runs its own blockchain, accounts for 44% of on-chain perpetuals trading volume. It launched without venture capital backing or a token presale. The project’s HYPE token is used across staking, governance and the HyperEVM environment, and is also tied to an automated buyback mechanism. The model comes with risks that include leveraged trading dynamics, validator intervention and future token unlocks.
HYPE
HYPE+6.22%
6-24
6-22
Schwab to Launch S&P 500 Binary Contracts on Cboe, Raising Questions for Kalshi
Charles Schwab is preparing to roll out S&P 500-linked binary yes/no contracts through Cboe, rather than crypto-style prediction markets. The product is designed around regulated, objectively verifiable financial benchmarks and excludes categories such as politics and sports. Schwab’s move brings a major brokerage name into a fast-growing area and increases competitive pressure on less-regulated platforms, according to The Block’s May 2026 volume data.
BTC
BTC+1.63%
6-22
6-13
Polymarket case: Google engineer accused of turning confidential search data into $1.2M
Google security engineer Michele Spagnuolo, who lives in Switzerland, is accused of using non-public Google search data to profit $1.2 million on Polymarket by betting on Google's "most-searched person" outcome. Prosecutors in Manhattan arrested him in late May 2026 and charged him with commodity fraud, wire fraud, and money laundering. The alleged trades centered on Google's Year in Search 2025 result, which became public on December 4, 2025.
6-13