Cardano Community Votes No On Its Own Summit, ADA Tanks 3%: What Is Going On?

Cardano’s (CRYPTO: ADA) community voted down funding for the Cardano Summit 2026, with the proposal falling short of the required two-thirds supermajority and sending ADA down 3%.

Proposal Got 65% Support But Needed 66.67% To Pass

The Cardano Foundation proposed a two-day summit in Singapore on October 5-6, seeking 7.8 million ADA worth roughly $2 million from the network treasury. 

Yes votes came in at 65.21% of participating delegated representative stake, just 1.46 percentage points short of the 66.67% supermajority treasury withdrawals required.

By headcount the vote was actually a majority, 135 in favor against 61 opposed with 24 abstaining. 

However, Cardano’s governance rules…

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OranjeBTC Adds 20 BTC To Treasury, Hits 2.20% BTC Yield For 2026

OranjeBTC, Latin America’s largest corporate Bitcoin treasury company, has disclosed a new Bitcoin acquisition and share buyback, reinforcing its commitment to a dual capital allocation strategy that mirrors approaches used by firms like Strategy in the United States.

The São Paulo-listed company — trading under ticker OBTC3 on the B3 exchange and as ADR ticker ORNJY in international markets — purchased 20 BTC for a total of ~$1.506 million, at an average price of ~$75,346 per Bitcoin. During the same period, the company repurchased 289,100 OBTC3 shares, a move that increases Bitcoin exposure on a per-share basis for remaining shareholders.

OranjeBTC now holds a total of 3,762.0…

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Virtune AB (Publ) (“Virtune”) has completed the rebalancing for May 2026 of its Virtune Coinbase 50 Index

Stockholm, June 1st, 2026 – Virtune today announces the completion of the rebalancing for the Virtune Coinbase 50 Index ETP (SE0024738389), listed on Nasdaq Stockholm and Helsinki, Euronext Amsterdam and Paris, Xetra, and Warsaw Stock Exchange. 

In addition to the Virtune Coinbase 50 Index ETP, Virtune’s product portfolio includes:

The index is rebalanced quarterly to reflect market changes and ensure it continues to represent the most relevant and qualitative crypto assets. The rebalancing adjusts the weighting based on market capitalization and may involve removing or adding certain assets.

In connection with this rebalancing, changes will be made to the crypto assets included in the…

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ProCap Financial (BRR) Sells 52 Bitcoin To Fund Two-Million-Share Buyback At 50% NAV Discount

ProCap Financial, Inc. (Nasdaq: BRR) announced Monday it repurchased two million shares of its common stock at approximately a 50% discount to its Net Asset Value, funding the transaction through the sale of roughly 52 Bitcoin.

The move reduces the share count while leaving the company’s Bitcoin reserves largely intact. As of May 29, 2026, ProCap held approximately 5,405 Bitcoin and reported a NAV per share of approximately $3.47 — against a closing stock price of $2.15 on that date, a gap of roughly 38%. 

The company said the buyback was executed at a wider, approximately 50% discount point, meaning shares were acquired at around $1.74 per share based on the stated NAV.

“Since…

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Strategy (MSTR) Sells 32 Bitcoin, First BTC Sale Since 2022

Michael Saylor’s Strategy — the largest corporate holder of bitcoin on the planet — has sold bitcoin for the first time since late 2022, and the market felt it immediately.

The company disclosed in an 8-K filing Monday morning that it sold 32 BTC between May 26 and May 31 at an average price of $77,135 per coin, bringing in $2.5 million in total proceeds. The sale was executed to fund distributions on Strategy’s preferred stock, STRC — a high-yield instrument the company designed to maintain a $100 par value for investors.

The news hit an already fragile crypto market. Bitcoin slipped below $72,000 following the filing’s release, down nearly 3% over the prior 24 hours. More…

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Brian Armstrong Claps Back At Jamie Dimon After JPMorgan CEO’s Stablecoin Criticism – Coinbase Global (NA

Brian Armstrong Responds With ‘Heated Rivalry’ Meme

Armstrong posted a custom “Heated Rivalry” poster that framed Coinbase and JPMorgan as opposing teams, turning an increasingly bitter policy disagreement into a public showdown between crypto firms and traditional finance.

Novogratz also weighed in after Dimon’s remarks, questioning whether banks should have a major role in shaping crypto legislation.

“Since when do banks get to decide on legislation?” Novogratz wrote, arguing lawmakers — not financial institutions — should determine the future framework for digital assets.

The responses came after Dimon criticized stablecoins and attacked Armstrong personally during an interview…

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LATEST: Ethereum Whales Holding At Least 100K ETH Accumulate 17.41M ETH, Reaching 9-Week High

Ethereum whales holding at least 100,000 ETH have reached a notable accumulation milestone. According to on-chain analytics platform Santiment, these large wallets now collectively hold 17.41 million ETH. This marks a 9-week high in their holdings.

The amount represents roughly 22% of Ethereum’s total supply. This accumulation has occurred amid recent price declines, highlighting continued interest from major holders even as broader market sentiment faced pressure.

Major UX Upgrades To Flagship Bitcoin Hardware Wallet

Coinkite the Bitcoin-only hardware wallet manufacturer, recently released the MK5, a significant quality of life and user experience upgrade to the MK4 Coldcard, building on the strong security foundations set by its predecessor. The MK5 comes in many colors and styles. Today, I will review the Orange and Glow in the dark versions, as well as their form factor and user experience upgrades, to answer the question: are the upgrades to the device worth the money? 

Building on the well-known and trend-setting MK4 security platform, which brought two secure element chips from different manufacturers and an MCU to the same device. The MK5 focuses instead on quality of life, improving…

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The U.S. Has Seized $1 Billion Of Iran’s Crypto: Treasury

Speaking at the Reagan National Economic Forum, Treasury Secretary Scott Bessent revealed that the U.S. has seized roughly $1 billion in Iran-linked cryptocurrency as part of a broader campaign to choke off Tehran’s financial networks.

The disclosures come amid one of the most intense military confrontations the Middle East has seen in decades.

On February 27, 2026, the U.S. and Israel launched Operation Epic Fury — a coordinated airstrike campaign targeting Iran’s nuclear facilities, military infrastructure, and Revolutionary Guard command centers. 

Iran retaliated with ballistic missile strikes across the region, hitting Saudi Arabia, Bahrain, Qatar, the UAE, and…

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Binance Coin Hits Wall Street With The First Spot BNB ETF – VanEck BNB ETF (NASDAQ:VBNB)

Key Features of the fund:

Shares are backed by physical BNB held in cold storage

Expense ratio set at 0.39%

Allows investors to gain BNB exposure through traditional brokerage accounts

Eliminates the need to directly purchase or store cryptocurrency

BNB is the native token of BNB Chain

BNB Chain processes more than 14 million transactions daily

Network supports over 2.5 million daily active users

The launch marks another step in the rapid expansion of crypto ETFs beyond Bitcoin and Ethereum as issuers race to capture growing investor demand for altcoin exposure.

Binance Coin, or BNB, is the native token of BNB Chain, a blockchain ecosystem originally developed by crypto…

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