Someone Just Etched the U.S. Constitution Into Bitcoin—A $83 Signal About Blockspace Priorities

An anonymous user inscribed the full U.S. Constitution on Bitcoin via OP_RETURN, paying $83.41 for a 44.4KB transaction. It revives debates over blockspace, fees, and Bitcoin’s purpose.

Nine Days of Bitcoin ETF Outflows Hit $2.8B as Flows Turn YTD Negative

Bitcoin ETFs logged nine straight outflow days totaling $2.8B, led by IBIT. With whales trimming and LTH supply at 15.8M BTC, the marginal buyer looks scarce as AI stocks steal focus.

CFTC Clears Kalshi to List U.S. Bitcoin Perpetual Futures, Raising the Stakes for Onshore Derivatives

The CFTC okays Kalshi’s Bitcoin perpetual futures, challenging offshore venues and Polymarket while testing how funding rates and compliance work under the Commodity Exchange Act.

VanEck launches VBNB, the first U.S. spot BNB ETF, marking the next leg of crypto ETF expansion

VanEck’s VBNB debuts as the first U.S. spot BNB ETF, extending access beyond 2024’s Bitcoin ETFs and pointing to broader, mainstream demand for diversified crypto exposure.

JPMorgan flags cooling “debasement trade” as bitcoin and gold ETFs see two weeks of outflows amid Iran–US deal hopes

JPMorgan says bitcoin and gold ETFs posted two weeks of outflows, signaling a pause in the debasement trade as hopes for an Iran–US deal ease safe‑haven demand.

Sequans frees 658 BTC after retiring convertibles, sharpens focus on IoT chips

Sequans has cleared its convertible debt and now holds 658 BTC without restrictions, signaling a return to core IoT semiconductors and a leaner, more flexible balance-sheet strategy.

BTC’s holder mix softens as large-wallet buying pauses, per CryptoQuant

CryptoQuant notes whale and dolphin BTC balances have stalled, signaling weak demand and a deteriorating holding structure. Here’s what that means for price discovery and risk.

Whale Demand Stalls as Long‑Term Holder Supply Hits Record, Echoing Bitcoin’s 2022 Slide

On-chain data shows whales (1k–10k BTC) cutting exposure and dolphins stalling—while long-term holder supply hits 15.8M BTC—reviving a 2022-like risk profile as BTC hovers near $73.5K.

Bitcoin Drops Below $73K as Nearly $1B in Liquidations Reveal Fragile Liquidity

BTC slipped under $73,000 with ~$931M in crypto liquidations while U.S. spot ETFs saw $1.02B in three-day outflows. Thin order books and dark pool flows amplified macro shocks.

Prediction Markets Tilt Bearish: Traders See 1-in-4 Chance Bitcoin Slips Under $70K Before May Ends

Polymarket and Myriad odds now price a ~25% chance Bitcoin breaks $70K by month-end amid $924M liquidations and $2.6B ETF outflows over eight days.