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Bitcoin news: Strategy sold 32 BTC for $2.5 million in late May, filing shows

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Bitcoin price news: BTC off the lows on Trump post, but set to close month of May with losses

Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday.

The disposal is Strategy’s first disclosed bitcoin sale and the proceeds are earmarked to fund distributions on its preferred stock, according to a footnote in the filing.

The company held 843,706 bitcoin at an average purchase price of $75,699 as of May 31, putting the sale price above its blended cost basis but also above where bitcoin BTC$72,178.36 was trading on Monday at roughly $73,400, per CoinDesk data.



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Sui’s three outages expose ‘blast radius’ risk – Is the 15% drop in price a start?

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Sui’s three outages expose ‘blast radius’ risk – Is the 15% drop in price a start?


On the 28th and 29th of May, there were three outages at the Sui Foundation.

Due to these network stalls, transaction processing and settlement were momentarily disrupted, which caused significant chaos in the Sui [SUI] ecosystem.

After realizing the risk involved in the current proposal, the Sui Foundation came up with a strong solution.  

The very first network stall

A bug in Sui’s new address balance and hybrid gas payment system was the reason for the first outage.

Rarely, two transactions attempting to spend the same money at the same time would result in one being correctly canceled with an InsufficientFundsForWithdraw error.

However, in this case, the canceled transaction attempted to spend money and went through gas smashing, resulting in an invalid negative balance at settlement. 

Sui noted, 

Cancelling transactions with this error is how the scheduler prevents overdrafts, but it cannot do this if the canceled transaction still debits funds due to gas smashing.

Nonetheless, the Sui developers were able to fix this bug by preventing gas smashing after a transaction has been canceled for lack of funds.

The second outage

The network recovered rapidly after the initial fix stopped gas smashing for transactions canceled because of InsufficientFundsForWithdraw.

An edge case, however, made it possible for the insufficient-funds error to be concealed by another cancellation reason because transactions can fail for various reasons.

Bypassing the protection, this resulted in a second outage and the same balance underflow bug. After resolving these overlapping failure scenarios, developers implemented a more thorough patch that stabilized the network.

The third mainnet halt

Fortunately, the third outage was not brought on by gas payments. Instead, it was caused by a bug in Sui’s Distributed Key Generation (DKG) system.

DKG failed because there was not enough participation after validator restarts, but the failure status was not recorded.

Because of this, randomness-dependent transactions were stuck, and the network was unable to complete its planned epoch transition. This happened because validators had restarted without realizing DKG had already failed.

To resolve the problem, developers added a mechanism to safely close a stuck epoch and made sure DKG status remained consistent across restarts.

Interestingly, Sui concluded it best when they noted, 

Today, the system lacks a defense-in-depth layer that would bound the blast radius of such a crash.

Sui market dynamics

This coincided with the SUI price dropping from $0.998 to $0.8783 at press time, accounting for over a 15% drop in the past week.

Meanwhile, the Open Interest of Sui suggested that the traders were adding to their positions instead of closing them. This further confirmed that sellers were regaining strength against the buyers.

SUI's Open Interest
Source: CoinGlass

Final Summary

  • In less than 48 hours, three different bugs caused three outages, revealing flaws in Sui’s ecosystem.
  • Sui’s outages were the result of a series of uncommon edge cases rather than a single failure.



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Deloitte UK promotes over 6,000 staff, expands equity partnerships

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Deloitte UK promotes over 6,000 staff, expands equity partnerships


Deloitte UK has announced the promotion of more than 6,000 employees, including 48 new partners.

The company also noted that average in-grade salaries will rise by 4.2% and its bonus pool will increase by 14% across the UK business.

Deloitte UK people and purpose managing partner Jackie Henry said: “We are hugely proud of the role our people play in the firm’s success and pleased to recognise the contribution of our highest-performing colleagues with an increase in promotions and bonuses this year.

“This is alongside our existing competitive reward packages and market-leading benefits including private medical insurance, enhanced family policies, flexible bank holidays, and world-class learning and development opportunities.”

As part of an ongoing reshaping of the partnership, 68 salaried partners become equity partners.

This will take the total number of UK partners to 1,308, of whom 784 will be equity partners – the highest equity total since Deloitte LLP was formed in 2003.

The company added that out of the 48 new partners, 15 are in technology and transformation, 16 in tax and legal, ten in strategy, risk and transactions advisory, and seven in audit and assurance.

Deloitte said 31% of its new partners are based outside London. Around 29% of them work in financial services.

The company also hired 21 external partners between June 2025 and the end of May 2026. Of these, 38% are women and 19% are from an ethnic minority background.

Deloitte UK outgoing CEO Richard Houston said: “This significant investment in our people and our partnership reflects a very strong year for our firm and our confidence in the future.”

Houston, who is taking up the role of Deloitte EMEA CEO, was succeeded on 1 June by Darren Graves.

“Deloitte UK promotes over 6,000 staff, expands equity partnerships” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.

 


The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



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I Live in Houston and Earn $285,000 Each Year. Here’s How I Budget.

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I Live in Houston and Earn $285,000 Each Year. Here's How I Budget.


This as-told-to essay is based on conversations with Morgan S., a 37-year-old strategy senior manager in Houston. It has been edited for length and clarity.

I’m from Houston, and I love it. My monthly take-home pay from my corporate job is just under $10,000 after taxes. I feel very financially secure here and ahead of my age.

One thing that outsiders may not know is that Houston’s property tax is among the highest in the country because we have no state income tax. A lot of people hate on Houston, but the city has so much to offer.

To afford the cost of living in Houston, I work to increase my income and live below my means. Regardless of how much money I bring in, I practice responsible spending.

I have multiple streams of income

I’ve worked in the energy industry for 15 years and currently work at a company with lucrative compensation benefits (e.g., a defined contribution plan and RSUs). I’m on a hybrid schedule, working in the office two to three days a week.

My commute is about 25 minutes each way. My healthcare comes with my job for $92 a month, and it’s pretty easy to set appointments.

For investments, I have a rental property that pays me $2,900 a month and a private equity investment that pays me $1,250 a month. I’ve also started to earn some side income from social media.

I started social media because there’s more to life than corporate work, and there’s so much to be made on these platforms. I currently have an agent pitching me for deals, and I believe in the value of building a monetizable personal brand.

I plan to sell the $465,000 3-bedroom townhouse I purchased in 2025

I live in the Rice Military neighborhood, which is five miles from downtown. It’s extremely walkable, there are multiple green spaces, and my family lives nearby.

My house payment is $3,186 a month, plus about $300 in utilities, and there’s no HOA. It’s my second home, and I turned my first into a rental.

Buying real estate is a huge commitment, and this one turned into a nightmare with tens of thousands of dollars in repairs. If I had just taken all the money I spent on this house and invested it in the market, I could’ve been much closer to my coast FIRE goal of $1.3 million. I’ll probably sell this house, invest the proceeds, and move back into my more modest rental later this year.

Here’s how I budget to live below my means

My net worth is $1.1 million in savings and investments. To get around, I drive a 2019 Mazda CX5 that I bought used. She gets me from point A to point B, and I plan to drive her until I can no longer do so. I have zero interest in upgrading.

I budget about $400 per month for groceries and rarely go out or order delivery. I don’t drink coffee every day, though on Saturday, I might walk to treat myself to a coffee.

My partner and I are currently debating whether we want to spend $50,000 for a wedding or save that for the future.

To save money, I believe in living below my means: a simple wardrobe made of natural fibers that lasts longer than a single wear, buying secondhand vintage, accepting hand-me-down furniture, and eating most meals at home. I also go without expensive hair and eyelash extensions.

I prefer the city over the suburbs

I’ve never lived in the suburbs, and don’t think I’d want to.

One trade-off to living in the city is the outdoors: my partner loves hiking and other outdoor activities, and we can’t really do that here. Also, the suburbs offer a better dollar-per-square-foot, but I like being able to walk everywhere, so I think that’s a better trade-off.

It’s possible that if I have kids, we might move to the suburbs for better schools. I’m still deciding on whether it’s worth it to have kids, which I think a lot of millennials are contemplating.

Living in Houston is worth it to me

In Houston, we have lots of high-paying jobs, access to great amenities, and sports teams. We’re even hosting the World Cup this summer. There’s a huge Vietnamese community with delicious food; it may be one of the most diverse cities in the country.

I’ve spent a good amount on dining out this past year and my gym membership. Another splurge is golf.

Still, I plan to invest over $100,000 this year and save or invest 53% of my gross income. It’s definitely worth it to me to live in Houston, and I have no plans on moving.

Do you want to share your cost of living with Business Insider? Email editor Tess Martinelli at tmartinelli@businessinsider.com.





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BTC, ETH prices drop even as futures show growing taste for risk. XLM, HYPE gain: Crypto Markets Today

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BTC, ETH prices drop even as futures show growing taste for risk. XLM, HYPE gain: Crypto Markets Today

June kicked off in the red for crypto markets as the U.S. and Iran exchanged fire and peace talks failed to translate into reduced tensions in the region. The CoinDesk 20 Index (CD20) fell 2% since midnight UTC, with bitcoin BTC$73,038.00 and ether (ETH) both losing about 1%.

At $72,700, bitcoin is currently negative for a sixth time in seven days, following a 3.5% slide last month, usually a period with positive returns. It averages a 7.4% rise in May, according to Coinglass data. A record 10 days of net withdrawals from spot bitcoin exchange-traded funds (ETFs) saw $2.97 billion leave the investment vehicles.

The CoinDesk DeFi Select Index led the day’s decliners, dropping 2.6% since midnight, with all six members lower. Ondo Finance’s ONDO token fell 2.8%, and has now lost 17% since founder Nathan Allman died unexpectedly last week.

Hyperliquid’s HYPE stood out, adding 1.26% since midnight. A five-day streak of gains took it to a record high $73.94, its fourth in four days, as capital enters newly introduced ETFs based on the token, which started trading only last month.

U.S. stock indexes replayed Friday’s divergence, with S&P 500 and Nasdaq 100 micro-futures both adding about 0.2%.

Derivatives positioning

  • BTC open interest sits at $19.5 billion, essentially level from a week ago, with speculative positioning also broadly unchanged.
  • Funding rates are positive across multiple venues at 0%–10% annualized, with the prior Deribit spike now back to normal. The three-month annualized basis is 2.8%, up from 2.2% last week, pointing to a mild improvement in institutional risk appetite.
  • Options positioning leans modestly bullish. Put/call volume over the past 24 hours splits 61/39 in favor of calls, while one-week 25-delta skew sits at 12.3% compared with 12.4% last week. Front-end implied volatility (DVOL) has ticked up to 37 from multi-month lows, suggesting the recent compression may be easing. The 1 month–6 month term structure remains in contango, with markets continuing to price near-term calm alongside longer-dated uncertainty.
  • Coinglass data shows $282 million in 24 hour liquidations, with a 60-40 split between longs and shorts. ETH (59 million) and BTC ($48 million) were the leaders in terms of notional liquidations.
  • The Binance liquidation heatmap indicates $72,280 as a core liquidation level to monitor in case of a price drop.

Token talk

  • Stellar’s XLM jumped 40.4% in 24 hours to $0.2862, lifting market cap above $9.6 billion, on the back of a May 27 announcement that DTCC, Wall Street’s central clearinghouse, will connect its tokenized securities platform to the Stellar network in the first half of 2027.
  • The deal makes Stellar the first public blockchain in DTCC’s multichain tokenization strategy.
  • Open interest (OI) in XLM perps rose 10.9% to about $361 million as the rally unfolded, CoinGlass data show, with roughly $12 million in derivatives liquidations across the move. The combination of expanding OI alongside rising spot volume points to fresh long positioning rather than short covering doing the heavy lifting, even with the short squeeze underneath.
  • Spot turnover hit about $2.3 billion on the day, up about 34%, showing the move was backed by real demand rather than a thin-liquidity spike. XLM outperformed every other top-20 token over the period.
  • The breakout cleared a monthslong descending channel that had constrained the token since late last year, with the rally running from long-term support near $0.14 through prior resistance at $0.20 and $0.26.
  • DTCC oversees more than $114 trillion in assets and processes about $2.5 quadrillion in securities transactions annually, putting Stellar’s selection at the center of how Wall Street brings tokenized stocks, ETFs and U.S. Treasuries onto a public blockchain.
  • The partnership sits on the SEC’s December 2025 No-Action Letter authorizing the firm to tokenize real-world assets it custodies, with production testing targeted for July, wider rollout in October, and broader availability in the first half of next year.



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Sapiens secures ADIA investment and shifts base to London

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Sapiens secures ADIA investment and shifts base to London


Sapiens International has secured backing from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and moved its headquarters to London.

This makes the investor a “significant minority shareholder”, according to a statement from the insurtech company. However, financial terms remain undisclosed.

The business, once listed in Tel Aviv and on New York’s Nasdaq, was taken private last year by US private equity group Advent in a $2.5bn (NIS7.03bn) deal.

Its new base is at Space House in Holborn.

The office will function as both the group’s global headquarters and an AI Customer Experience Lab.

Insurers will be able to work with Sapiens teams there to review and trial AI uses designed for the sector.

Sapiens supplies core operating systems to more than 600 insurers worldwide.

The company said its agentic platforms are used to reduce manual processes linked to those systems, covering policy underwriting, claims handling, pricing and risk management, and billing.

Its product range includes Agentic Claims, Agentic Underwriting and Agentic Policy. These sit on the Central Agentic Framework, which the company said links insurers’ core systems with their AI plans through a single, governed insurance ontology.

Sapiens said the London site is also expected to support recruitment of AI specialists as it expands its forward deployment group, which works with clients on the rollout and scaling of agentic systems.

The company also said it plans to open a second AI Customer Experience Lab in the US later this year, aimed at the North American insurance market.

Sapiens interim CEO and executive chairman Mike Ettling said: “AI-powered hyper-relevance is the new competitive advantage for insurers, and we are enabling this through agile intelligence and the ability to make decisions at the speed of thought. This will revolutionise how insurers compete, how they go to market, and ultimately, how they serve the people who buy their products.

“Our new offices are designed to deepen our collaboration with leading global insurance institutions at a time of enormous technological change for the industry.”

“Sapiens secures ADIA investment and shifts base to London” was originally created and published by Life Insurance International, a GlobalData owned brand.

 


The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



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MYX Finance breaks above KEY support – Is a move to $0.30 coming?

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MYX Finance breaks above KEY support - Is a move to $0.30 coming?


The capitulation low on the 23rd of May continues to  shape MYX Finance’s [MYX] recovery structure.

Earlier, the price collapsed from nearly $0.28 to a panic-driven low around $0.165, triggering a high-volume liquidity sweep that flushed weaker sellers from the market. However, selling pressure faded quickly afterward, allowing buyers to regain control.

That shift gradually transformed the trend. MYX reclaimed the $0.20 and $0.21 resistance levels before breaking decisively above the $0.215-$0.230 demand zone.

At press time, the price traded near $0.252, up 6.85% on the session, while pushing into open space beneath the major $0.28-$0.30 supply region.

Source: MYX/USDT on TradingView

Momentum also supports the advance. RSI has climbed to 72.3, reflecting strong buying pressure, while the MACD continued to accelerate higher with a bullish crossover. This behavior suggests accumulation has replaced the previous markdown phase as buyers steadily absorb available supply.

The broader implication remains constructive. Former resistance levels are now attracting demand on pullbacks, reinforcing the structural transition. Even so, the overhead supply zone remains the next major test.

A healthy retest of the $0.23 region could strengthen support further, while sustained buying pressure may eventually challenge the $0.28-$0.30 resistance band.

Can MYX break through $0.275-$0.295?

The recovery that began from MYX’s $0.159 capitulation low is now approaching a critical structural test. Following that liquidity sweep, buyers successfully defended the 23.6% ($0.188), 38.6% ($0.207), and 50% ($0.224) Fibonacci levels, establishing a foundation for sustained recovery.

That support gradually strengthened momentum. MYX has now reclaimed the 61.8% retracement at $0.241 and surged toward the 78.6% level at $0.265, trading near $0.257 after a 9.2% daily gain.

Notably, the 50% retracement aligned closely with the $0.222 demand zone, reinforcing buyer conviction during consolidation.

Source: MYX/USDT on TradingView

Momentum indicators continue to favor bulls. RSI has climbed to 73.9 without bearish divergence, while the MACD histogram keeps expanding higher. This suggests buyers remain firmly in control as supply absorption improves.

The broader implication is increasingly constructive. A successful break above the 78.6% retracement would place MYX directly beneath the major $0.275-$0.295 distribution zone.

That region capped rallies throughout April and May, making it the final obstacle before a complete structural recovery toward the previous $0.285 swing high.

Final Summary



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