The Block - 2026-06-01
14 items collected.
1. Unable to recover from roughly $50 million hack, Radiant Capital is winding down
Author: RT Watson
Published: 6/1/2026, 7:33:31 PM
Categories: Crypto Ecosystems, DeFi, Security, Exploits, Smart contracts
Radiant Capital said it hasn't been able to recover a meaningful amount of funds or raise new capital since the 2024 exploit.
2. TON revives Gram token brand as Telegram CEO Durov says network is ‘returning to roots’
Author: Kyle Baird
Published: 6/1/2026, 6:32:32 PM
Categories: Companies, Crypto Ecosystems, Ecosystem Maps, The Block, pavel-durov, telegram, ton
The Gram rebrand follows network upgrades, fee cuts, and Telegram's push for a larger role in TON governance.
3. Grayscale sets 0.29% fee for its Hyperliquid ETF, undercutting Bitwise and 21Shares
Author: Sarah Wynn
Published: 6/1/2026, 6:09:09 PM
Categories: Companies, Finance firms, Legal, Policy, Regulation, HYPE etf, SEC
Grayscale is set to launch its own Hyperliquid exchange-traded fund as soon as this week, setting a sponsor fee of 0.29%.
4. Strategy bitcoin sale timing throws wrench into $20 million Polymarket pool
Author: Kyle Baird
Published: 6/1/2026, 4:40:18 PM
Categories: Companies, Crypto Infrastructure, Markets, The Block, polymarket
A Polymarket pool asking whether Strategy would sell any of its bitcoin before May 31 had drawn more than $20 million in trading volume.
5. Bitmine acquires 26,497 ETH as it targets a slower approach to 5% of Ethereum’s total supply
Author: Daniel Kuhn
Published: 6/1/2026, 2:29:24 PM
Categories: Companies, Crypto Ecosystems, Equities, Finance firms, Layer 1s, Markets, The Block, Ethereum, Investment Firms
Bitmine Chairman Tom Lee said the company would reach its 5% acquisition target of Ethereum's total supply "sometime in 2026."
6. IREN lands $3.65 billion A-rated financing for Microsoft AI buildout
Author: Kyle Baird
Published: 6/1/2026, 2:25:50 PM
Categories: Companies, Deals, The Block, IREN, microsoft
The debt package helps IREN cover about 96% of the GPU spending needed to fulfill the Microsoft contract.
7. Dogecoin gains access to Paxos network used by PayPal and Venmo
Author: RT Watson
Published: 6/1/2026, 1:45:21 PM
Categories: Crypto Ecosystems, Infrastructure, Markets, Token Projects, Dogecoin, House of Doge, Paxos, venmo
House of Doge struck partnership with Paxos to integrate DOGE across the firm's enterprise-grade brokerage and custody infrastructure.
8. Bitcoin weakens near $72K as ETF outflows, stalled whale buying and macro uncertainty weigh on prices: analysts
Author: Naga Avan-Nomayo
Published: 6/1/2026, 12:49:29 PM
Categories: Equities, Market Recap, Market Updates, Markets, Analyst Reports, bear-market, bull-market, Crypto Movers, spot bitcoin ETFs
Bitcoin fell toward $72,000 as U.S. spot ETFs posted weekly outflows again amid Iran risk-off and weak whale demand.
9. Michael Saylor’s Strategy sells 32 bitcoin for $2.5 million as total holdings drop to 843,706 BTC
Author: James Hunt and Danny Park
Published: 6/1/2026, 12:09:32 PM
Categories: Companies, Markets, People, Public Equities, Token Projects, Bitcoin, Strategy
Strategy's remaining holdings still account for more than 4% of the 21 million bitcoin supply cap — worth around $61 billion.
10. US-based funds drive $1.7B in global crypto ETP outflows as redemption streak extends to three weeks: CoinShares
Author: Naga Avan-Nomayo
Published: 6/1/2026, 11:50:00 AM
Categories: Companies, Equities, Markets, Analyst Reports, coinshares, Crypto ETFs
Global crypto ETP outflows hit $1.67 billion last week as Bitcoin products recorded their biggest weekly outflow of the year.
11. Binance adds over 7,000 US stocks and ETFs for traders outside the United States amid super app push
Author: Naga Avan-Nomayo
Published: 6/1/2026, 10:48:36 AM
Categories: Companies, Exchanges, Markets, Binance, etfs, rwa, tokenized-assets
Binance launched U.S. stock and ETF trading for non-U.S. users and has plans for tokenized equities on BNB Chain.
12. ‘Gnosis will cover all user losses’ amid exploit related to Gnosis Pay, co-founder Koppelmann says
Author: Naga Avan-Nomayo
Published: 6/1/2026, 10:14:19 AM
Categories: Crypto Ecosystems, DeFi, Infrastructure, Security, bugs, defi, Exploits, gnosis
Gnosis co-founder Martin Koppelmann said all user losses will be covered as containment efforts continue following an exploit.
13. Digital euro is key to counter stablecoin risks, says ECB’s Schnabel
Author: Timmy Shen
Published: 6/1/2026, 8:49:18 AM
Categories: Central Banks, International Policymaking, Policy, Regulation, CBDCs, ECB, Eurozone Regulation
Isabel Schnabel, an ECB board member, said Monday that central banks should respond to stablecoin risks with strong regulation and CBDCs.
14. Coinbase launches Indian rupee rails with perps access in expansion push
Author: Timmy Shen
Published: 6/1/2026, 5:11:02 AM
Categories: Asia, Companies, Exchanges, Coinbase
The Nasdaq-listed company said it has established INR order books to provide dedicated liquidity for users in the country.