Strategy pushed 411.48 Bitcoin to Coinbase Prime on Thursday, its biggest exchange move in months. The transfer comes as Polymarket bettors price an 84% chance the firm sells some Bitcoin before the end of 2026 — a sentiment shift that traders say reflects growing unease about forced liquidation risk.
Betting markets turn bearish
Polymarket odds that Strategy sells any Bitcoin before year-end 2026 have spiked to 84%. That's a jump from around 60% earlier in the week. The trigger appears to be the Coinbase Prime deposit, which often precedes sales. Strategy has not publicly disclosed a sale intention, but the market is pricing one in.
Standard Chartered doubles down on Ethereum
Standard Chartered analysts this week compared Ethereum's current price action to Amazon after the 2001 dot-com crash, suggesting a potential 1000x upside over time. The bank reaffirmed its price targets: $4,000 by end-2026 and $40,000 by end-2030. The comparison is aggressive, but the bank has been consistently bullish on ETH through the bear market.
Sui recovers after two-hour stall
Sui network halted for about two hours on Thursday due to a crash bug in gas charging logic introduced in version 1.72. The team deployed a patch and activity resumed. No funds were reported lost, but the outage rattled users who had grown accustomed to Sui's near-zero downtime. The bug has been flagged for a root-cause review.
SEC clears Paxos for securities settlement
The Securities and Exchange Commission granted Paxos clearance to clear and settle securities transactions, a first for a crypto-native firm. The move opens the door for Paxos to handle tokenized stocks and bonds — a market the agency has kept at arm's length until now. The SEC's Investor Advisory Committee is set to meet June 4 to discuss private market assets, passive index funds, shareholder proxy voting, and reporting frequency. That meeting could shed light on how the agency plans to handle broader digital asset settlement.
