Hey Crypto Addicts,

Bitcoin is sitting on one of the most important support levels of 2026. And the data surrounding it is not encouraging.

BTC is trading near $70,500 after declining roughly 11% from its recent peak above $82,000. US spot Bitcoin ETFs recorded $1.42 billion in net outflows last week, marking the third consecutive week of over $1 billion in withdrawals.

May closed as the largest monthly ETF outflow of 2026 at $2.3 billion.

Three macro headwinds are making it worse simultaneously. Rising oil prices as Middle East tensions remain unresolved. Fading rate cut expectations with the Fed staying hawkish. And Wall Street's AI rally absorbing capital that would otherwise flow into crypto.

The bull case: a confirmed Iran peace deal triggers a relief rally, ETF inflows resume and BTC reclaims $74,500 to $75,600 to weaken the bearish structure.

The bear case: $70,500 fails and $68,000 to $63,000 opens up.

$72K is the line. Everything depends on what happens here.☕

Saylor is selling Bitcoin to fund dividends. Tom Lee is buying Ethereum through a bear market. Two very different energy levels right now…

Bitmine Immersion Technologies added 26,497 ETH last week, lifting total holdings to 5,420,628 ETH, representing 4.49% of Ethereum's entire circulating supply. The purchase comes as ETH trades near $1,970, well below Bitmine's average acquisition price.

The company is now just over halfway to its stated target of 5% of Ethereum's total supply.

84% of all holdings remain staked, generating approximately $319 million in annualised staking revenue at current yields. The MAVAN platform powering the staking operation continues to expand to serve institutional investors and custodians beyond Bitmine itself.

Tom Lee's thesis has not changed despite ETH's brutal 2026 performance. He continues to point to Wall Street tokenization and agentic AI systems as Ethereum's two primary structural demand drivers in the coming cycle.

ETH is down nearly 49% year to date.

Bitmine bought more anyway.

That is either extraordinary conviction or extraordinary patience. Probably both. ☕

North Korea Killed Radiant

Eighteen months of trying. Zero funds recovered. One DeFi protocol that will never come back.

Radiant Capital announced Monday it is winding down after failing to recover from a $50 million exploit in October 2024 attributed to North Korea's Lazarus Group. The DAO said plainly: "The DAO no longer has a viable path forward."

The attack was not a smart contract exploit. North Korean hackers sent a malware-laced PDF through Telegram to three Radiant engineers. Their devices were compromised, allowing fraudulent transactions to be signed during a routine multi-sig process. The hackers displayed legitimate transactions on screen while the fraudulent ones executed in the background.

At its peak in December 2023, Radiant had $386.8 million in TVL. After the hack, TVL collapsed to $5 million and never recovered.

The stolen funds have not been sitting still either. The hacker converted the ETH proceeds and reportedly grew the position to $94 million through active trading. North Korea made money twice.

The protocol will enter a maintenance state with the frontend staying online so users can withdraw, repay and manage positions. But development, upgrades and expansion are permanently over.

North Korea's Lazarus Group has now stolen over $6 billion in crypto since 2017. Radiant Capital is the latest protocol it destroyed.

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Strive Wants $4.2B

Saylor sold 32 Bitcoin to fund dividends. Vivek Ramaswamy's Strive just opened a $4.2 billion fundraising program to buy more.

Strive CEO Matthew Cole announced on June 1 that the company is expanding both its ASST and SATA at-the-market programs by $2.1 billion each, citing rising liquidity and sustained investor demand for both securities.

The move is significant. Strive currently holds 16,500 BTC worth approximately $1.27 billion, making it the seventh-largest publicly listed Bitcoin treasury in the world. It has added over 3,700 BTC since January 2026 alone. 👀

The funding model is deliberately different from Strategy. Rather than using convertible debt, Strive funds all Bitcoin accumulation exclusively through perpetual preferred equity. SATA's dividend yield recently climbed to 13%, now outpacing Strategy's STRC at 11.50%.

Last week alone, SATA raised approximately $194.3 million, enough to support roughly 2,621 additional BTC at current prices. The machine is running fast.

The timing is interesting. Bitcoin is trading below $72K and sentiment is at 31 Fear on CMC.

Strive is treating that as a buying opportunity, not a reason to pause.

$4.2 billion in new firepower. 16,500 BTC on the balance sheet. More coming. ☕

The Future of Crypto Banking Is Here

While most people are still juggling wallets, exchanges, and banks… a small group is already moving faster with all-in-one crypto banking.

Veil Bank isn’t just another tool.

It’s a privacy-first omni-bank where you can swap, bridge, borrow, and spend ~ all in one place, without friction.

No delays. No unnecessary steps. No outdated systems holding you back.

The reality? The people who adopt better tools early are the ones who win long term. Everyone else catches up later… at a cost.

Don’t be the one still figuring it out when the edge is already gone.

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Bitcoin On The Edge

The Ichimoku cloud just sent a warning signal every Bitcoin trader needs to understand right now.

Bitcoin has been rejected by the Kijun line, one of the most significant resistance levels in Ichimoku analysis. The Kijun acts as a medium-term equilibrium point. A rejection from it confirms sellers are in control and the market is not ready to sustain higher prices.

It gets worse…

Following that rejection, Bitcoin has now lost the Tenkan line as well. The Tenkan represents short-term momentum. Losing it below the Kijun is a classically bearish Ichimoku cross signalling deteriorating momentum across both timeframes simultaneously.

Here is why this matters…

When price loses both the Tenkan and Kijun in sequence inside an already bearish market structure, the probability of a deeper corrective move increases significantly.

The key level in focus: the yearly low.

If the current trend line breaks with any conviction, the odds of Bitcoin revisiting that level increase dramatically. The bull case remains alive only if Bitcoin reclaims the Tenkan and Kijun with strong volume.

Until that happens, the chart is leaning heavily in one direction.

Rejected. Tenkan lost. Yearly low on the map. ☕

Robinhood has officially expanded its footprint in the Canadian crypto market through its acquisition of WonderFi, one of Canada's largest regulated digital asset companies. The deal, valued at approximately C$250 million, brings popular crypto platforms Bitbuy and Coinsquare under the Robinhood umbrella and strengthens the company's international growth strategy.

Bitcoin's drop toward the $70,000 level has raised concerns among traders, but analysts believe its recent divergence from traditional stock markets may only be temporary. While Bitcoin has underperformed equities in recent weeks, market observers note that macroeconomic uncertainty, profit-taking, and geopolitical tensions have weighed on crypto sentiment.

Crypto investment products experienced a major wave of selling last week, recording $1.67 billion in outflows and marking one of the largest weekly withdrawals of 2026. Bitcoin led the decline with roughly $1.44 billion leaving Bitcoin-focused ETPs, while Ethereum products also saw significant outflows. Analysts noted that participation across altcoins has dropped sharply.

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I asked Bitcoin, "When Lambo?" It answered with a 30% correction