Hey Crypto Addicts,

For nearly five years, Michael Saylor's entire identity was built on one word.

Never sell Bitcoin. Not one coin. Not ever.

Last week he sold 32 of them…

Strategy disclosed in an 8-K filing that it sold 32 BTC between May 26 and May 31 at an average price of $77,135, generating $2.5 million to fund dividend payments on its STRC perpetual preferred stock.

Strategy still holds 843,706 BTC worth roughly $63 billion. The sale represents 0.004% of total holdings. In dollar terms it is a rounding error.

But the structural significance is not in the size. It is in the precedent.

Saylor's response on X was telling. Rather than addressing the Bitcoin sale, he pivoted immediately to STRC: "Our goal is to make STRC the best credit instrument in the world."

The last time Strategy sold Bitcoin was in December 2022. Bitcoin was near its bear market bottom. The community is already making that comparison out loud.

Two Wall Street analysts called the sale immaterial and tactical. One suggested something larger was afoot.

Never sell became sell when needed.

Watch what they do next. ☕

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. ☕

Sui Went Down

One upgrade. Three outages. Fifteen hours of downtime. And the most candid post-mortem in recent blockchain history.

Sui's mainnet halted three times on May 28 and 29 after the new v1.72 release exposed an edge case in the blockchain's gas-charging logic. The first two outages stemmed from bugs in how mixed gas payments were handled. The third resulted from a latent bug in the on-chain randomness protocol during validator restarts.

The post-mortem gets unusually honest.

Sui's own report states plainly that the team accepted the risk of deploying an interim fix to restore the network quickly. That fix had a known issue with a low probability of triggering another halt. That scenario materialized the very next day.

They knowingly deployed a fix they knew might break again. And it did.

No user funds were lost. No confirmed transactions were reversed. But SUI fell approximately 19% over the week.

This is Sui's third major reliability incident since its 2023 mainnet launch. That diversity of failure modes suggests a systemic gap in pre-deployment edge case testing, not a single recurring bug.

The comparisons to Solana's early-era reliability struggles are already being made.

The network is back. The trust damage takes longer to repair. ☕

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Telegram Took Back TON

Six years ago the SEC forced Telegram to abandon TON entirely. On May 4, 2026, Pavel Durov walked back in and took over.

Durov announced Telegram is replacing the TON Foundation as the primary driver of The Open Network and becoming its largest validator, under the "Make TON Great Again" roadmap. Toncoin surged 36% in 24 hours.

The practical changes: transaction fees cut sixfold to near zero, high-performance validator nodes deployed across multiple data centres, redesigned website and developer tools rolled out within weeks.

The backstory makes this more interesting than a simple power grab.

In 2020, the SEC forced Telegram to return $1.2 billion to investors and pay an $18.5 million penalty for its original token sale. The project was abandoned. An independent community rebuilt it under the TON Foundation. Now Telegram is back as the largest validator, running the chain it once had to legally abandon.

The decentralisation concerns are real. With Telegram holding roughly 25% of validator stake, critics argue it reintroduces the single-point-of-failure problem decentralisation was meant to solve.

Durov's counter: a strong central player attracts other validators, which balances power rather than concentrating it.

950 million users. Near-zero fees. The original founder back in control. ☕

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$50K-$60K ?

Bitcoin remains in a corrective phase and lower prices are the most probable short-term outcome.

The current rejection following Strategy's Bitcoin sale has amplified the local move to the downside. The market is not showing signs of reversal at current levels.

If key support is lost, it opens the probability of entering a larger accumulation buy zone between $50,000 and $60,000.

That zone is not a crash destination. It is an opportunity.

A move into the $50K to $60K region would likely trigger a multi-month accumulation phase before any meaningful macro reversal occurs. This is the kind of base-building that historically precedes Bitcoin's most significant bull cycles.

The message is simple.

Do not force entries at current levels. Let the downside play out. Keep a close eye on the $50K to $60K zone as it approaches in the coming months.

Bitcoin remains rotational with lower prices likely.

The accumulation zone is coming. Patience is the edge. ☕

Bitcoin fell to a seven-week low below $71,000 as market sentiment weakened following fading hopes of a lasting ceasefire between the United States and Iran. Rising geopolitical tensions triggered a broader risk-off environment across financial markets, leading investors to reduce exposure to risk assets such as cryptocurrencies.

Ethereum’s long-term holders, often referred to as “OGs,” are showing mixed signals as recent on-chain data suggests some early investors have begun reducing exposure after years of holding. While a number of older wallets have been moving ETH to exchanges and taking profits, the broader data does not indicate a mass exodus from the network.

Crypto ATM scams are increasingly targeting older adults as fraudsters take advantage of limited technical knowledge, trust, and the growing popularity of digital assets. Scammers often pose as government officials, bank representatives, tech support agents, or even romantic partners, convincing victims to deposit cash into cryptocurrency ATMs under false pretenses.

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Bought the dip yesterday. Today it's called the local top…