Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, sold the firm's full position in Worldcoin on Friday. The move came less than 24 hours after he publicly stated the fund would hold the token.
Hayes announced the sale on social media with the message
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Exodus Movement sold more than 1,000 bitcoin in the first quarter to raise cash for its payments acquisitions. The company reported a wider net loss as revenue declined sharply.
NEAR and Worldcoin recorded double-digit gains on June 2 as Bitcoin fell below $70,000 and triggered $714 million in liquidations across the market. Select altcoins advanced on ecosystem-specific catalysts while the broader market faced pressure.
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Arthur Hayes has cautioned that Hyperliquid faces risks to its market position in perpetual futures trading. The warning centers on the protocol's use of trading fees for token burns.
Michael Saylor's firm Strategy now controls a record 65 billion dollars worth of Bitcoin.
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Crypto exchange HTX will remove the USD1 stablecoin from its platform and convert customer balances into USDT. The action follows a freeze of exchange wallets by World Liberty Financial. The move stems from compliance with UK sanctions targeting Russian financial networks.
Strategy, the largest corporate holder of bitcoin, reported a $12.77 billion net loss for the first quarter while its bitcoin holdings grew. Chief executive Michael Saylor signaled the company may sell some of its bitcoin to stabilize the market.
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Polymarket has settled its disputed prediction markets on Strategy's Bitcoin sale, ruling the May contract No and the June contract Yes. The decision followed a vote by UMA token holders.