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Michael Saylor Drops Hint On Resuming Bitcoin Purchases This Week
Bitcoin advocate Michael Saylor has hinted at another Bitcoin acquisition by Strategy yet again. For this, he posted one of his favorite market signals on social media.Strategy Executive Chairman Michael Saylor shared a post on X on Sunday, May 31, captioned “Working Better.” The Orange Dots chart, which Saylor has shared over many times when announcing new Bitcoin purchases, accompanied this message.
A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor
A $1.26 billion block sale of BlackRock’s IBIT shares was likely a rapid exit by a large investor, not an arbitrage unwind, according to NYDIG.
The seller of the $1.26 billion IBIT block accepted a 2.3% discount ($29.5 million loss), signaling a priority on speed and certainty over maximizing price.
NYDIG rejected the "basis trade" theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.
Coinbase launches Indian rupee rails with perps access in expansion push
oinbase has launched direct rails for Indian rupees (INR) for users in India, as the global crypto exchange continues expanding in Asia.
In a statement shared with The Block on Monday, the exchange said Indian users can now deposit and withdraw rupees directly from their bank accounts through the Immediate Payment Service, without needing to rely on peer-to-peer rails or intermediaries.
The Nasdaq-listed company also said it has established INR order books to provide dedicated liquidity for users in the country.
In addition to spot trading, Coinbase offers perpetual futures contracts covering major crypto assets for Indian customers, per the statement. The exchange also provides professional tools through Coinbase Advanced for clients seeking more advanced support, including institutional-grade APIs and WebSocket order book streaming.
The INR rail launch follows Coinbase's successful registration with the Financial Intelligence Unit (FIU-IND), a government agency responsible for monitoring suspicious financial transactions, combating money laundering, and overseeing crypto compliance.
"India has long been one of the most important markets in crypto, in terms of developer talent, trading activity, and the broader adoption of blockchain technology," John O'Loghlen, head of APAC at Coinbase, said in the statement. "We're registered with FIU-IND and here for the long term."
Bitcoin Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF last Friday was $125.31 million. The total net asset value of Bitcoin spot ETFs is $94.17 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.38%.
来源：SoSoValue
The Bitcoin spot ETF with the highest net outflow on May 29 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $68.20 million, according to SoSoValue.
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