The acquisition, finalized with the precision of a Swiss timepiece on June 1, allows Robinhood to sidestep the labyrinthine licensing procedures of the Great White North, a bureaucratic maze that has felled lesser firms. By inheriting WonderFi’s compliant infrastructure, Robinhood has effectively leapt over the regulatory hurdles, landing squarely in the Canadian crypto market with all the grace of a fox in a henhouse.
Okay, so I just saw this interesting move on the Bitcoin blockchain. Someone transferred a huge amount – over 10,300 BTC, worth about $730 million – to a brand new address. It’s like they’re starting fresh. Then, a smaller amount, around $8.25 million in BTC, went to a wallet known to belong to Mt. Gox. Arkham Intelligence flagged both of these transactions, and it’s definitely something to keep an eye on, especially with Mt. Gox involved.
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This financial pas de deux coincided with a rare pause in Strategy’s relentless Bitcoin binge. Instead of gorging on more digital coins, the company quietly extinguished its $1.5 billion in 0% Convertible Senior Notes due in 2029, settling for $1.38 billion in cash. A discount, you say? How quaint! Meanwhile, Strategy was busy raising fresh capital-$2 billion in Variable Rate Series A Perpetual Stretch Preferred Stock and a modest $84 million from Class A common share sales. Capitalism, my friends, is a hungry beast.
As a researcher, I’ve been tracking a series of outages on the Sui mainnet. The first one began on Thursday, May 28th, around 7:00 a.m. Pacific Time, and the network wasn’t back up until about 1:30 p.m. PT. We then experienced another outage Friday morning, starting around 5:00 a.m. PT and lasting until approximately 8:30 a.m. PT. Finally, a third interruption occurred Friday afternoon, beginning around 1:30 p.m. PT and resolving around 7:20 p.m. PT.
According to CME’s official update, 7,200 contracts changed hands after the 24/7 trading kicked off. Groundbreaking. Next, they’ll tell us they invented fire. The big deal here is that traders can now mess with regulated crypto derivatives on weekends. Finally, something to do between brunch and Netflix.
Ah, the theater of finance! Keyrock, that Brussels-based maestro of digital assets, is orchestrating the acquisition of BlockFills, a crypto lender whose bankruptcy filing reads like a tragicomedy. According to whispers from two initiates, the deal, a mere $3.25 million, awaits the court’s benediction.
Japan’s ruling Liberal Democratic Party (LDP) has requested the government create laws that would permit exchange-traded funds (ETFs) based on cryptocurrencies, with the goal of boosting Japan’s digital asset industry, according to Reuters.
Recent strong selling pressure has lowered the total amount of money flowing into Bitcoin this year. Inflows have dropped from $3.9 billion two weeks ago to $2.6 billion last week, and now stand at $1.2 billion.
Alright, alright, the Sui Network is back online. Apparently, they fixed the bugs that caused three outages last week. May 28th and 29th, 2026-mark your calendars, folks. Over 15 hours of downtime. That’s longer than I can stand in line at the DMV. The Sui Core Team finally figured out what went wrong. Spoiler alert: it was their fault.