According to the wise folks at SoSoValue, BlackRock’s IBIT lost $440.3 million on Monday alone. That’s more than a riverboat’s worth of chips gone in a single hand. Morgan Stanley’s MSBT, on the other hand, managed to scrape together $6.14 million-enough to buy a round of drinks, but not much else.
Imagine, if you will, a sum of nearly two hundred billion dollars in annual crypto transactions-a veritable fortune, and one that has not escaped Ripple’s notice. Their stablecoin, the aptly named RLUSD, is to be introduced to this thriving market through the auspices of local firms BiLira, Bitexen, and Bitlo. One can only wonder at the potential for mischief-or, more likely, profit-that such a union may bring.
Ripple announced on June 2nd that Turkish institutions can now use RLUSD, a stablecoin backed by the US dollar. It’s available through the platforms BiLira, Bitexen, and Bitlo, giving these users access to a regulated digital currency.
According to data from Arkham Intelligence, the now-closed exchange transferred 10,306 Bitcoin (worth about $730.8 million) from its secure storage to an unknown address – labeled “14FE…c9eq” – around 4:47 a.m. UTC on Tuesday. In the same transaction, an additional 116.3 BTC was sent to a wallet associated with the former Mt. Gox exchange.
Berkshire Hathaway announced it will buy $10 billion worth of Alphabet stock – $5 billion in Class A shares at $351.81 each and $5 billion in Class C shares at $348.20 each. Goldman Sachs is handling the transaction.
According to the oracles at SoSoValue, U.S. spot Bitcoin ETFs shed $483.8 million on Monday, their 11th day of unremitting outflows. This brings the total hemorrhage to $3.45 billion, a sum that would make even the most hardened oligarch blush. May, it seems, was a month of reckoning, with $2.43 billion fleeing these funds-their largest monthly exodus since the mythical November 2025.
The trader says he lost approximately $500,000 because he wagered that the company had sold its Bitcoin before May 31st. This was later proven true when a document filed with the Securities and Exchange Commission confirmed the sale on June 1st.
On May 29th, CME Group, the leading global marketplace for derivatives, extended its trading hours for cryptocurrency derivatives, allowing for round-the-clock market access.
Here’s what Anthropic’s upcoming IPO could mean for the stock market, plus the five AI companies Dan Ives is recommending to buy now.
By Tuesday morning, Bitcoin (BTC) was trading around $70,830, fluctuating between $70,120 and $73,458 over the previous 24 hours, according to CoinDesk. Ethereum (ETH) was just under $2,000, at $1,996, while XRP remained steady at $0.10. Solana (SOL) decreased by 1.7% to $80.47, and XRP dropped 3% to $1.28.
