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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
05/31/2026 07:27 PM Cardano Summit 2026 Canceled After Treasury Vote Falls Short of Supermajority
TLDR: The Cardano Summit 2026 was canceled after the treasury vote reached only 65.21%, missing the 66.67% supermajority required. A revised 7.8M ADA proposal replaced an original 14.07M ADA request, adding audited fund management and milestone-gated payments. Despite 135 DReps voting in favor versus 61 against, stake-weighted rules prevented the summit proposal from passing. EMURGO’s [...]
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05/31/2026 06:56 PM USDT Market Cap Explained as $1.2B Disappears in Sudden Redemption Wave
TLDR: USDT supply fell as large redemption waves removed over $1.2B from circulation in 24 hours. Market cap changes reflect minting and burning cycles tied to stablecoin demand flows data. Chain swaps and treasury transfers can distort short-term USDT supply readings across networks. Liquidity trends in stablecoin markets often act as early indicators of crypto [...]
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05/31/2026 06:44 PM Saylor’s Latest BTC Chart Revives Strategy Bitcoin Buy Speculation Wave
TLDR: Saylor’s latest BTC chart displayed 843,738 BTC, putting Strategy’s acquisition pattern back in focus. Investors are tracking liquidity conditions and financing activity for clues on future BTC purchases. Strategy’s recent acquisition added 24,869 BTC, reinforcing its lead among corporate bitcoin holders. A 411.48 BTC Coinbase Prime transfer fueled fresh market discussion around treasury management. [...]
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05/31/2026 06:37 PM CAKE Price Analysis: Major Accumulation Setup Puts $50 Back in Focus
TLDR: CAKE trades above a critical accumulation zone after recovering from a 96% decline from its ATH. A liquidity sweep and reclaim of support have strengthened the bullish market structure outlook. Market capitalization rebounded from $430M to nearly $500M, signaling renewed investor interest. Traders are watching resistance closely as targets at $3.45, $9.77, and $25.44 [...]
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05/31/2026 06:34 PM Bitcoin Price At Crossroads: Will BTC Fill the $73K CME Gap or Trigger a $78K Short Squeeze Next?
TLDR: BTC trades near $74K, leaving a CME gap at $73.4K–$73.5K. Liquidation heatmap shows dense leverage near $78K–$79K, while downside liquidity thins below $72K Market structure shows higher lows but stretched momentum as BTC holds near the $74K consolidation zone Weekend liquidity shows CME gap attraction below, while Binance heatmap flags upside liquidity imbalance Bitcoin [...]
The post Bitcoin Price At Crossroads: Will BTC Fill the $73K CME Gap or Trigger a $78K Short Squeeze Next? appeared first on Blockonomi.
05/31/2026 06:18 PM Hyperliquid HYPE Hits New ATH Above $67 as Volume Tops BNB Chain
TLDR: HYPE surged above $67, setting a new all-time high and pushing market value beyond $14 billion. Hyperliquid’s trading volume surpassed BNB, reflecting growing user activity and liquidity. More than 45 million HYPE tokens have been removed through ongoing protocol buyback programs. Whale profit-taking emerged, while prediction market plans remained a focus for traders. The [...]
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05/31/2026 05:24 PM Sui Network Goes Down Three Times in 48 Hours After v1.72 Upgrade Bug
TLDR: Sui Network’s v1.72 upgrade introduced a gas charging bug that caused three mainnet halts within 48 hours in May 2026. No user funds were lost during the outages, and validators restored full network activity by May 30, 2026, after emergency fixes. The SUI token dropped roughly 8% during the disruptions, falling below $0.89 and [...]
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05/31/2026 05:11 PM Bitcoin Braces for Early June Sweep as Dominance False Break Fuels Altcoin Rally Hopes
TLDR: Bitcoin’s final weeks of the month trend downward, while the first weeks historically push prices higher. No trade was triggered over the weekend as slim price action failed to meet van de Poppe’s entry conditions. BTC dominance printed a false break above resistance, a classic bearish signal that traps late buyers. Falling Bitcoin dominance [...]
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05/31/2026 05:00 PM Cardano (ADA) Made Early Believers Wealthy And Some Investors Think Ruvi AI (RUVI) Could Be the Next Opportunity
You watched the Cardano founder shut down a roughly 250 million dollar hospital venture this month, saying the closure would refocus effort on Cardano and Midnight. That is the headline: a leader closing a quarter-billion-dollar side project to refocus on the chain he already runs. ADA trades near $0.2421 this week. Meanwhile the Ruvi AI [...]
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05/31/2026 04:52 PM DOJ Charges Google Engineer Over $1.2M Polymarket Insider Trading Scheme
TLDR: Google engineer Michele Spagnuolo allegedly used confidential data to profit $1.2M on Polymarket. Spagnuolo operated under the alias “AlphaRaccoon” and risked approximately $2.75M in total bets. The DOJ charged him with commodities fraud, wire fraud, and money laundering across three counts. Combined maximum sentencing across all three federal charges totals up to fifty years [...]
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