The Sui Foundation confirmed this week that two separate bugs in its v1.72 upgrade caused three mainnet halts on Thursday and Friday. The issues have since been fixed, with no user funds at risk. Meanwhile, Michael Saylor posted 'Working ฿etter' on X on May 31, reigniting speculation that Strategy (formerly MicroStrategy) is about to add to its 843,738 BTC hoard.
Two bugs, three halts
Sui’s v1.72 upgrade didn’t go smoothly. The foundation said the first bug triggered a halt on Thursday, and a second, unrelated bug caused two more stops on Friday. Engineers patched both. The network is back online, and the foundation stressed that no user assets were ever in danger. The outage comes as Sui has been pushing for wider adoption, and the timing isn’t great — the crypto market is trying to recover from a May 28 low, and network reliability is under the spotlight.
Saylor’s latest tease
Michael Saylor posted 'Working ฿etter' on X on May 31, a pun that the Bitcoin-watching crowd took as a signal of another purchase. Strategy holds 843,738 BTC worth about $62.24 billion. The company hasn’t bought since May 18, so a fresh block of coins would fit the pattern of periodic accumulation. No confirmation yet, but the market is watching.
Old wallet wakes up
A Bitcoin wallet that had been dormant since 2010 moved 20 BTC — roughly $1.47 million — after 15.8 years of silence. Galaxy Research checked the transaction and confirmed the coins are not linked to Satoshi Nakamoto. Still, any movement from that era draws attention. The wallet’s owner remains unknown.
Binance teases stock trading
Binance posted a haystack image on June 1, hinting at a product reveal. Traders quickly interpreted the visual as a possible rollout of spot stock trading. The exchange hasn’t detailed the offering, but the speculation adds to a busy week of headlines.
What to watch next
For the broader market, the recovery is fragile. TOTAL — the combined crypto market cap — needs to reclaim $2.52 trillion to confirm strength toward $2.65 trillion. Bitcoin must close above $74,827 to open the path to $77,600. A daily close below $72,348 would expose weakness toward $70,550. Saylor’s next move and Binance’s announcement could shift momentum either way.
