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Individual traders drove Kalshi’s rise. Now, it’s going for Wall Street

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Individual traders drove Kalshi’s rise. Now, it’s going for Wall Street

A Kalshi sign reading “Trade on what will JD Vance say at his speech?” the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Tuesday, May 27, 2025.

Bridget Bennett | Bloomberg | Getty Images

Prediction market platform Kalshi processed more than $17 billion in various trading contracts in May, a record amount up more than 2500% from a year ago.

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But while individuals drove Kalshi’s astronomical growth over the past year, the company has focused on a new push in 2026: institutional adoption. 

Less than a year after trading volumes started marching consistently higher in September, Kalshi — the largest prediction market platform in the U.S. — has made a series of moves in 2026 to increase its appeal to Wall Street. Those include rhetorical shifts, partnerships with brokerage platforms and teaming up with companies to develop necessary infrastructure. 

And what’s driving institutional interest? Hedging. Instead of having to game the financial market reactions to alleviate risks to different events, like an election or economic data report, a firm can place money on a binary contract related to that incident. 

“Those are tradable assets now that people can directly trade upon, as opposed to trading on a derivative of those,” said Andy Ross, head of institutional at Kalshi. “So you’ve got better hedging.”

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While retail’s usage of the platform has led to sports-related event contracts to dominate trading volumes, sources told CNBC institutions are more interested in ones related to elections, weather incidents, macroeconomics and commodities. 

In Kalshi’s announcement of its $22 billion valuation on May 7, the company highlighted its institutional growth rather than its retail gains. Over the prior six months, institutional trading volumes were up more than 800%, the company said. However, Kalshi has yet to reveal what the dollar volumes are for the subgroup of traders, making it unclear how much that surge represents.

The outlook for institutional adoption is what’s driving bullishness on the industry, according to Pierre Lindh. The founder of Next.io, an in-person and online events company focused on the gaming and now also prediction market industries, he said the expectation institutions will start trading on these markets en masse is behind the rising valuations of the private companies. 

Kalshi was previously valued at $11 billion in December, meaning its valuation doubled in five months.

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The institutional strategy

A coup for Kalshi’s push into institutional trading came in April, when it completed the first block trade on a prediction market platform. The transaction was between a Texas environmental hedge fund and a market maker on a contract related to California carbon allowances. 

Interest from other institutions has grown since the trade, according to John Conlon, director at Greenlight Commodities. Greenlight was the broker for the first block trade. 

“There’s been a bunch of other excitement from people who didn’t even want to have the conversation three to six months ago, to now going, ‘Okay, send me some literature,’” he said. “People go, ‘You have a proof of concept now.’”

Before that, though, Kalshi started laying the groundwork for institutional adoption. 

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In February, Kalshi beefed up its internal surveillance and enforcement work through a partnership with Solidus Labs, a risk-monitoring technology company. Observers of prediction markets widely agree that insider trading worries on the platforms have to be quelled to gain institutional attention.

A Kalshi advertisement seen in Washington D.C. on March 27, 2026.

Paul Lester | CNBC

The same month, the company partnered with Tradeweb Markets to expand access to Kalshi’s data, giving firms easy ways to view information related to its event contracts. Ross said data is a key entry point to get interest from institutions by showing the value of Kalshi’s markets to them in the platforms they’re familiar with. 

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Then, in March, Kalshi announced it partnered with Fidelity National Information Service — a financial technology company — to develop programming to clear trades on prediction markets. Tito Shirley, head of middle office solutions at FIS, said that the program partially resulted from clients’ interest. 

“We’ve started to get a lot more demand from both new entrants and existing customers who are looking to expand their derivatives clearing capabilities to include prediction markets and specifically Kalshi,” he said. 

Kalshi is also now tradable on more brokerage platforms. Clear Street, a broker to institutional traders, and Interactive Brokers, which services both retail and institutional investors, both in May announced they were integrating some Kalshi contracts onto their platforms. 

Little guy squeezed out?

There is skepticism from some on institutional participation in prediction market trading. 

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Charles Schwab, which also services both retail and institutional investors, CEO Rick Wurster in the company’s April earnings call said that they haven’t seen high demand from their traders for prediction markets.

“When we ask clients what they’re looking for, prediction markets is very low on the list,” he said. However, he added that he still expects at some point they’ll integrate the markets into their platforms. 

Brian Jacobs, portfolio manager at Aptus Capital Advisors, warned that fees that prediction market platforms charge for transactions could limit any returns for large investors. Ross noted that Kalshi has waived fees for block trade transactions of 100,000 or more contracts executed, and a regulatory filing shows that the company will offer that rebate until September 1. 

And then there’s the fact that institutions have access to a wide array of information that an individual retail trader may not. Jacobs thinks that will give institutions an advantage temporarily, only until other major firms start playing in the markets too. 

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Traders work on the floor of the New York Stock Exchange during morning trading on May 4, 2026 in New York City.

Michael M. Santiago | Getty Images

“You’re competing against other institutions,” he said. “Even if you’re more informed than retail today, going forward, are you going to continue to be more informed than other institutions in the space?”

But would that mean that individuals, the group that drove Kalshi’s rise, gets squeezed out by institutions winning thanks to their breadth of knowledge? 

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Ross doesn’t think so. In fact, he thinks institutional trading will reward the retail traders who win even more thanks to increased liquidity in the market. 

“If you’re a smart predictor and you continue to be right, and there’s more people who are predicting… you’ll just continue to be more and more right and make more and more money,” he said.

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment. 

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Pavel Durov brings back Gram as TON enters sts next big test

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Pavel Durov brings back Gram as TON enters sts next big test

TON has rallied after Telegram founder Pavel Durov said the network’s native token will revert to its original name, Gram.

Summary

  • Pavel Durov said Toncoin will be renamed Gram, restoring the token’s original identity as defined in TON’s first white paper.
  • TON rose 18.75% to $2.19 after traders reacted to the rebrand and Telegram’s stronger role in the ecosystem.
  • Durov said the rebrand will take about three weeks and will not require any token swap.

According to Durov, Gram was the original name of the token in TON’s original white paper, while TON will remain the name of the blockchain network. The planned change separates the currency from the network and brings back a brand tied to Telegram’s early blockchain plans.

The announcement triggered a sharp market move on June 1. TON climbed 18.75% over 24 hours to $2.19, as traders responded to the return of the Gram identity and Telegram’s growing role in the ecosystem. Durov said the renaming process should take about three weeks.

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No token swap will be required. Durov said user balances, staking positions, and network activity will remain unchanged during the process. The update is therefore a brand change rather than a technical migration.

Gram name returns after years away

The Gram name carries a long history for Telegram’s blockchain project. Telegram first introduced Gram during its original blockchain initiative, which attracted significant investor interest before it ran into legal trouble in the United States.

The U.S. Securities and Exchange Commission challenged the project in 2020, and Telegram later stepped back from direct control of the network. After that dispute, community developers continued building the blockchain under the TON name.

Durov’s latest announcement brings the currency back to the name used before the regulatory dispute. However, he said the blockchain itself will continue to use TON, maintaining a clear split between the network and the token.

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Telegram Deepens Its Blockchain Push

The rebrand comes as Telegram increases its involvement with TON-linked products and infrastructure. Durov has described the effort as part of a campaign called “Make TON Great Again,” which he said includes more ecosystem changes.

Network fees have also been reduced, while infrastructure updates have been introduced across the TON ecosystem. Telegram has continued to add blockchain-based features to its products, strengthening the network’s connection to the messaging platform’s large user base.

The return of Gram also gives Telegram and TON a simpler naming structure. Several major blockchain networks use one name for the chain and another for the currency, and Durov’s announcement places TON closer to that model.

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The token’s 18.75% gain indicated a rapid response from traders following Durov’s statement. TON traded at $2.19 after the announcement, with market activity centered on the restored Gram name and Telegram’s role in the network’s future.

Durov did not describe the rebrand as a token relaunch. He said the change will not affect ownership records, staking, or network operations, which may help limit confusion among current holders.

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$60M Polymarket Dispute Over Strategy's May Bitcoin Sale Puts UMA's Token-Voting Oracle on Trial

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$60M Polymarket Dispute Over Strategy's May Bitcoin Sale Puts UMA's Token-Voting Oracle on Trial


A Polymarket contract that drew more than $60 million in trading volume is sitting in UMA's optimistic-oracle queue after two proposed "No" resolutions on the question "MicroStrategy sells any Bitcoin by May 31, 2026?" were challenged, sending the dispute to a token-weighted vote. The trigger is a… Read the full story at The Defiant

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NOWPayments Redefines Crypto Payouts: Zero-Fee, 1-Second Infrastructure Built for Partner Earnings

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[PRESS RELEASE – Amsterdam, Netherlands, June 1st, 2026]

For decades, payout providers have followed the same business model: businesses move money – providers take a cut. NOWPayments believes that model is outdated and has launched Zero-Fee Ecosystem Payouts – a new crypto payout infrastructure designed around a different idea: partners shouldn’t just pay payout providers. They should be able to earn together with them.

Instead of monetizing every payout, NOWPayments is introducing an ecosystem where high-volume partners can benefit from the economic activity created around their users and payout flows – while also accessing instant settlement and zero-fee transfers.

Powered by custody infrastructure and integrated with ChangeNOW Pro wallets, the new system enables crypto payouts via email with settlement speeds of up to 1 second and zero service or network fees inside the NOWPayments ecosystem.

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Recipients simply receive a secure payout link via email. Once opened, a ChangeNOW Pro ecosystem wallet is automatically created and funds become available instantly – no wallet setup, no seed phrases and no onboarding friction.

The result is a payout experience that feels more like sending an email than managing a traditional crypto transfer.

The launch builds on NOWPayments’ Mass Payouts infrastructure, already used for large-scale crypto transfers through CSV and API integrations.

Typical use cases include:

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  • Affiliate and creator rewards
  • Global payroll
  • Partner settlements
  • Treasury operations
  • Marketplace payouts

For enterprises processing 10,000+ monthly payouts, the ChangeNOW Pro ecosystem can reduce operational overhead by up to 70% by simplifying treasury workflows, eliminating payout setup friction and enabling instant ecosystem settlement.

The company says this model is especially relevant for platforms operating large payout volumes, affiliate ecosystems, marketplaces and businesses managing global user payments at scale.

High-volume businesses don’t just receive a payout tool – they enter a dedicated partnership with access to treasury optimization, dedicated account management and revenue-focused payout advisory.

Enterprise partners receive dedicated 24/7 support with response times below 15 minutes, custom integration guidance and quarterly business reviews focused on maximizing payout efficiency and partner earnings.

“We believe payout providers should stop making money only from their partners,” said Kate Lifshits, CEO of NOWPayments. “For too long, businesses accepted payout fees as the price of moving money. We’re introducing a different approach – one where partners can earn together with NOWPayments while benefiting from faster infrastructure and zero-fee transfers. Payouts shouldn’t just cost businesses money. They should create value for them.”

NOWPayments supports more than 350 cryptocurrencies and 30+ stablecoins, processes over 30 million transactions monthly and has facilitated more than $10 billion in lifetime transaction volume.

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The new payout infrastructure is available to custody-enabled users across the NOWPayments ecosystem.

About NOWPayments

NOWPayments is a global crypto payment gateway that enables businesses to accept payments and send payouts in cryptocurrencies. The platform supports 350+ cryptocurrencies and 30+ stablecoins, while offering enterprise-ready tools such as invoices, payment widgets, subscriptions, payment buttons, donation tools, point-of-sale solutions, plug-ins, and fiat payment options. Businesses can also benefit from zero-fee payouts with settlement speeds of up to 1 second, helping streamline operations and scale crypto payments efficiently.

The post NOWPayments Redefines Crypto Payouts: Zero-Fee, 1-Second Infrastructure Built for Partner Earnings appeared first on CryptoPotato.

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Polymarket Faces Backlash Over MicroStrategy Bitcoin Sale Dispute

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Polymarket's Disputed MicroStrategy Bet

Polymarket faces mounting trader backlash over its proposed “No” resolution on a contested Bitcoin (BTC) market. Strategy Inc, formerly MicroStrategy, confirmed a 32 BTC sale during the window.

The market now prices “No” at 99.8 cents. Polymarket ruled that public confirmation arrived outside the resolution timeframe.

MicroStrategy’s Sale Triggers Polymarket Standoff

Strategy disclosed in a June 1 Form 8-K filing that it sold 32 BTC. The sale ran from May 26 to May 31 for roughly $2.5 million. Proceeds will fund preferred stock distributions at $77,135 per coin.

The amount equals about 0.0038% of Strategy’s 843,706 BTC treasury. However, the filing marked the company’s first reported sale since December 2022. It broke a long-running narrative that Michael Saylor never sells.

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Analysts have flagged Strategy’s capital pressure tied to a roughly $15 billion preferred stock load. A recent convertible debt buyback also drained cash.

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Resolution Hinges on Disclosure Timing

Polymarket’s “MicroStrategy sells any Bitcoin by May 31, 2026?” event drew $85 million in total volume. The May 31 slice alone holds $53.86 million in open positions.

Polymarket's Disputed MicroStrategy Bet
Polymarket’s Disputed MicroStrategy Bet. Source: Polymarket

On June 1, Polymarket said no MSTR filings, on-chain data, or credible reporting confirmed a sale in the window.

“Confirmation achieved outside of the market’s time frame does not qualify,” Polymarket indicated.

Polymarket markets settle through UMA oracle infrastructure. Repeated disputes escalate to UMA’s Data Verification Mechanism, where token holders vote within 48 to 96 hours.

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The 32 BTC sale is too small to move Bitcoin prices. However, more than $20 million in dispute-affected positions hinge on whether disclosure timing or event timing controls the outcome.

“This has made me lose a lot of faith in Polymarket. Its confirmed they sold before the outcome was resolved. An announcement within the timeframe isn’t even in the context,” one user stated.

The post Polymarket Faces Backlash Over MicroStrategy Bitcoin Sale Dispute appeared first on BeInCrypto.

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Vitalik Buterin Proposes Options-Based DeFi to Replace Liquidation-Driven Debt Model

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Vitalik Buterin Proposes Options-Based DeFi to Replace Liquidation-Driven Debt Model


Ethereum co-founder Vitalik Buterin on Monday proposed rebuilding decentralized finance on options contracts instead of collateralized debt, a shift that would eliminate forced liquidations and let synthetic assets run on slow, prediction-market-style oracles rather than the real-time price feeds… Read the full story at The Defiant

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Banks Fear Stablecoins as Yield Threatens Deposit Business: Report

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Popular crypto analyst EGRAG CRYPTO has claimed that banks are fighting stablecoins not because they are risky, but because they allow people to hold, move, and potentially earn returns on dollars without relying on traditional bank deposits.

His sentiment comes as US lawmakers continue to negotiate crypto legislation and stablecoin rules, while banks and digital asset advocates clash over whether yield-bearing stablecoins could pull deposits away from the banking system.

The Exit Banks Never Had to Plan For

In an analysis posted on June 1, EGRAG framed the debate around stablecoins not as a regulatory dispute but as a direct threat to how banks make money.

He explained that when you deposit money in your bank account, you are not storing it, but, legally, you are making an unsecured loan to that institution. That bank then takes your deposit, lends it out at rates between 6% and 28%, and pays you between 0.1% and 0.5% for the privilege. And that spread is their core business.

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However, according to the analyst, stablecoins are breaking that arrangement by separating three things that the traditional banking system has always bundled together: custody, settlement, and yield.

With a stablecoin backed by Treasury bills, a user can hold dollars without a bank account, transfer them instantly without an intermediary, and earn roughly 5% on a risk-free basis.

If people can earn 4% to 6% yields with full control and no dependence on banks, EGRAG argued, they would see no need to deposit with banks, which would undermine these institutions’ funding models and the power they enjoy.

‘That’s the real threat and they will make wars and move tanks to stop it,” claimed the analyst.

EGRAG’s position is not hyperbolic, given that an analysis by Standard Chartered at the start of the year estimated that US banks could lose around $500 billion in deposits to stablecoins by the end of 2028, with regional banks carrying the most exposure.

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According to Standard Chartered’s Geoff Kendrick, the two largest stablecoin issuers, Tether (USDT) and Circle (USDC), hold most of their reserves in US Treasuries rather than in bank accounts, meaning very little capital is recycled back into the banking system.

What the Legislative Fight is Really About

During the recently concluded Senate Banking Committee deliberations on the CLARITY Act, members of the American Bankers Association sent more than 8,000 letters to Senate offices in less than a week, specifically targeting rules around stablecoin yields.

At the time, Senator Bernie Moreno accused banks of trying to “kill stablecoins that would let everyday Americans earn real yield on their own money.” He also called the industry a “cartel” that was hell-bent on protecting low-interest deposit models.

EGRAG’s analysis interpreted that response as its own kind of signal, writing:

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“If stablecoins were meaningless, banks wouldn’t fight them. Lobbyists wouldn’t panic. Bills wouldn’t stall. Narratives wouldn’t shift.”

Even a survey released in March by Ripple revealed that 74% of finance executives see stablecoins as tools for unlocking working capital and improving treasury operations, suggesting institutional interest is well past the exploratory stage.

And the stablecoin market is growing relentlessly, with the latest data from DefiLlama showing it now sits at about $320 billion, with USDT holding $188 billion and USDC at $76 billion.

The post Banks Fear Stablecoins as Yield Threatens Deposit Business: Report appeared first on CryptoPotato.

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LAB Surges 70% to All-Time High as Locked Holders Sit on Untouchable Profits

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LAB Price Performance

LAB price jumped 67% in 24 hours to a record $16.24 on June 1. The surge pushed the token’s market cap above $4.66 billion as locked holders watched gains they could not realize.

The token traded at $14.51 with $223 million in volume. Vesting schedules continue to bind most early investors as critics flag insider advantages.

LAB Price Performance
LAB Price Performance. Source: BeInCrypto

A Low-Float LAB Price Rally on Thin Real Liquidity

LAB’s circulating supply sits near 312 million tokens, roughly 31% of the one billion maximum. The remaining share covers team, investor, public sale, and ecosystem allocations subject to cliffs and linear vesting.

The price climbed 240% in seven days and 656% in 30 days, according to Coingecko data. LAB now ranks 25th by market cap with a fully diluted valuation near $14.9 billion.

Thin order books make even unlocked sells costly, a pattern documented across recent token unlock events.

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Whales testing exits have triggered double-digit drawdowns on intraday timeframes.

Why Locked Holders Cannot Book Profits

Public sale participants, team members, and early backers cannot move their balances during cliff and vesting windows. The foundation has pushed certain unlocks back to extend the rally.

Some early investors have reportedly tried to offload allocations via OTC deals at discounts near 90%, with the conditions imposing short additional lock periods.

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The pattern echoes earlier low-float token collapses where insider OTC activity preceded steep drawdowns.

“Traders are sitting on locked allocations with millions in paper profit, trying to hedge, and still getting liquidated. I heard the first unlocks start around July/August,” one trader voiced the frustration in a post, as hedging attempts fail to protect all locked positions.

ZachXBT’s Allegations Shadow the Rally

Meanwhile, blockchain investigator ZachXBT alleges opaque distribution and unilateral vesting changes behind LAB’s run.

He estimates insiders hold over 95% of the float through OTC, private sale, airdrop, and team wallets.

“An investigation into the opaque private loans/OTC, unilateral vesting changes, market maker coordination, unknown float, and >95% supply control behind LAB’s recent pump to $6B FDV,” he stated recently.

LAB supporters point to platform usage on BNB Chain, Solana, and Ethereum. They cite a recent mobile app release and a rewards program rally.

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Proponents argue revenue sharing and buybacks justify the valuation.

Still, the dispute echoes broader concerns about insider trading allegations at new listings. A 2024 study flagged insider activity in over half of post-2021 exchange debuts.

Markets must watch the July and August unlock windows. Locked balances reaching the market in size will decide a key question.

Today’s record either reflects real demand or a temporary supply squeeze.

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The post LAB Surges 70% to All-Time High as Locked Holders Sit on Untouchable Profits appeared first on BeInCrypto.

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Binance Bitcoin Reserves Surge 5.1% While Stablecoin Liquidity Shrinks $3.87B, Pushing BTC Below $71K

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quicktake-image

TLDR:

  • Binance Bitcoin reserves grew 5.1%, rising from 617,000 BTC to 648,600 BTC between April 25 and June 1, 2026.
  • Ethereum holdings on Binance climbed 10.4%, adding 350,000 ETH during the same five-week observation period.
  • Combined USDT and USDC reserves on Binance dropped $3.87 billion, reducing available spot market buying power significantly.
  • Bitcoin fell below $71,000 amid rising crypto supply and shrinking stablecoin liquidity, reflecting a structural shift inside Binance.

Binance Bitcoin reserves recorded a notable increase between late April and early June 2026, rising by 31,600 BTC. At the same time, combined stablecoin reserves on the exchange fell by $3.87 billion.

This shift in reserve composition came as Bitcoin dropped below $71,000 for the first time since April. The data points to a broader liquidity change inside the world’s largest cryptocurrency exchange.

Rising Crypto Reserves Paint a Complex Market Picture

Binance’s Bitcoin reserve climbed from 617,000 BTC to 648,600 BTC between April 25 and June 1. That represents a 5.1% increase over roughly five weeks.

Meanwhile, Ethereum reserves also moved higher during the same window. Holdings grew from 3.35 million ETH to approximately 3.7 million ETH, an increase of about 350,000 ETH, or 10.4%.

quicktake-image

Source: Cryptoquant

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Higher exchange reserves can suggest that more crypto supply is available for trading on the platform. When coins accumulate on exchanges, it often indicates that holders have moved assets closer to potential selling points. However, reserve movements alone do not confirm that selling is occurring or imminent.

The simultaneous rise in both Bitcoin and Ethereum holdings is worth noting. It suggests the trend was not isolated to a single asset. Instead, it reflected a broader movement of crypto into Binance’s custodial reserves across the period.

What makes this development more pointed is that it occurred alongside a drop in Bitcoin’s price. The timing of rising supply and declining stablecoin buffers raises questions about the balance of buying and selling pressure on the exchange.

Falling Stablecoin Reserves Reduce Immediate Buying Power

While crypto reserves increased, stablecoin balances moved in the opposite direction. Binance’s USDC holdings declined from $7.67 billion to $6 billion, a drop of $1.67 billion. USDT reserves also fell, moving from $40.3 billion to $38.1 billion, a reduction of $2.2 billion.

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Together, the two stablecoin declines total approximately $3.87 billion. Stablecoins on exchanges generally represent available capital ready to purchase crypto in spot markets. When those balances shrink, the pool of immediate buying power contracts accordingly.

This matters because the spot market relies on stablecoin liquidity to absorb available supply. Fewer stablecoins on a platform means less firepower for buyers to bid up prices or defend key support levels. That dynamic can contribute to downside price pressure when supply is simultaneously increasing.

The combined effect, more crypto supply alongside reduced stablecoin liquidity, created a less supportive environment for Bitcoin’s price.

Bitcoin’s move below $71,000 occurred within this framework, suggesting the decline reflected structural conditions inside the exchange, not just broader market sentiment.

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Constellation Energy (CEG) Stock Plummets 7% on $3.09B Secondary Offering

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CEG Stock Card

Key Highlights

  • CEG tumbles 7% following $3.09B secondary offering announcement
  • Stock breaches $270 support level after substantial share sale
  • Shares settle at $267.54 amid 11 million-share secondary offering
  • Company announces share repurchase linked to offering completion
  • CEG experiences selling pressure from sizable secondary transaction

Shares of Constellation Energy Corporation experienced a significant downturn Monday following the announcement of a substantial secondary stock offering by current shareholders. The energy company’s stock declined 7.02% to close at $267.54, breaking through the critical $270 support threshold. The selloff came in response to the announcement of an 11 million-share public offering initiated by existing stockholders.


CEG Stock Card

Constellation Energy Corporation, CEG

Existing Shareholders Set Offering Price at $281 Per Share

The energy company disclosed that selling shareholders established the offering price at $281.00 for each share. When calculated against the disclosed share volume, the total transaction value reaches approximately $3.09 billion. Constellation emphasized that it would not be selling any equity as part of this secondary offering.

The organization further clarified that no proceeds from this transaction will flow to the company itself. All funds generated from the underwritten public sale will go directly to the selling shareholders. As a result, this transaction will not inject fresh capital into Constellation’s financial position.

J.P. Morgan and Morgan Stanley have been designated as the lead underwriters for this secondary offering. These underwriters have also secured a 30-day greenshoe option allowing them to purchase an additional 1.35 million shares. The transaction is anticipated to finalize on June 2, 2026, contingent upon standard closing requirements.

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Planned Stock Buyback Provides Additional Context

Constellation has committed to acquiring 2 million shares directly from the underwriters. The company plans to execute this repurchase at the identical price point paid to selling shareholders. This buyback will be executed through Constellation’s current share repurchase authorization.

The completion of the secondary offering is not contingent upon this stock repurchase. Conversely, the buyback transaction is dependent on the successful completion of the share offering. This arrangement effectively ties the repurchase timeline to the broader transaction schedule.

This repurchase initiative may partially neutralize the increased share supply hitting the market. Nevertheless, the stock experienced downward pressure as investors reacted to the substantial offering size throughout the trading day. CEG maintained its weakness across the entire session and finished near the day’s low points.

Stock Breaches Critical Support Level During Trading

CEG finished the session at $267.54 following a 7.02% decline. This movement pushed the stock beneath the $270 price point, which had previously served as a short-term support zone. The decline unfolded gradually through the day rather than occurring as a single precipitous drop.

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Secondary offerings of this magnitude often create downward pressure on stock prices by expanding immediate market supply. In this instance, Constellation is not creating new shares or diluting existing shareholders through fresh equity issuance. Nevertheless, the substantial volume of shares being sold still created headwinds for trading momentum.

Constellation submitted the appropriate registration documentation with the U.S. Securities and Exchange Commission. The offering will be executed via a free writing prospectus, prospectus supplement, and accompanying base prospectus. These regulatory filings contain comprehensive information regarding the transaction structure and associated risk factors.

 

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Anchorage Digital Pushes Federally Chartered Settlement Into Non-Custodial DeFi With Coordinated Multiparty Layer

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Anchorage Digital Pushes Federally Chartered Settlement Into Non-Custodial DeFi With Coordinated Multiparty Layer


Anchorage Digital, the only federally chartered crypto bank in the United States, is positioning its Atlas settlement network as a coordinated multiparty settlement layer for institutional trading on non-custodial DeFi venues — beginning with Hyperliquid, Lighter, and Aave — letting buy-side firms… Read the full story at The Defiant

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