EchoesOfRollup

Crypto World News reports that the IMF says the adoption of Nigeria’s US dollar stablecoins is rising rapidly, “testing” the boundaries of existing monetary and regulatory frameworks. Since 2019, Nigeria has accounted for about 60% of stablecoin inflows in Sub-Saharan Africa. The IMF states that stablecoins are widely used by households and small businesses because they enable faster cross-border remittances and lower costs, as well as because the Naira’s depreciation, inflation, and limited access to foreign exchange. However, the growing popularity of US dollar stablecoins may lead to “digital dollarization,” weakening demand for the local currency and the transmission of monetary policy, while increasing financial integrity risks such as money laundering. The IMF believes that simply suppressing the use of stablecoins is of limited effectiveness; instead, it recommends strengthening issuer regulation, on-chain data monitoring, and local payment infrastructure while allowing innovation.

CoinJie News reports that Michael Saylor said at the Bitcoin Corporate Day event on June 12, 2026 that, after excluding stablecoins, Bitcoin’s market share in the crypto market has risen from 41% in 2021 to nearly 70%. He believes that market confidence in Ethereum has collapsed, and Ethereum is now deeply embroiled in a fierce inventory battle with other tokens such as Solana and BNB. This chaotic melee has drained their monetary premium, and in the future these tokens can only survive by relying on practicality. The market evolution over the past 12 months further established Bitcoin’s position as the dominant digital currency network, reinforcing its attributes as digital capital, and also proving that digital credit is a feasible concept.

The $BTC CVD indicator shows brown whale buying.
The largest whale is buying again.
The sell wall at 65k is the only resistance.

GameStop and Coinbase renew Bitcoin options contracts. The initial unexercised contracts retain a $5.8 million premium, with an exercise price of $80,000. The contracts that expire before May 29 are not exercised, and with almost all Bitcoin still staked, Coinbase profits when the coin price exceeds the strike price. The new contracts’ exercise price is below the $105,000 to $110,000 range. During the quarter, Bitcoin contributed approximately $1 million in digital asset gains, for net income of about $390 million, mainly from interest on cash reserves and unrealized gains related to eBay options, rather than from retail business.

CryptoWorld News reports that Trump states the US-Iran agreement is close to completion, and the market is beginning to price in a cooling of regional tensions. Federal Reserve Chair Kevin Warsh may downplay forward guidance and hand back pricing power to the market. Cryptocurrency ETFs have experienced a net outflow of $405 million in the past week, with a total outflow of $5.49 billion over the past month.

Bitcoin Core 31.0's -privatebroadcast has a privacy vulnerability: when IPv4/IPv6 node handshake fails with BIP324 v2 enabled, it falls back to v1 direct connection, exposing the transaction originator's IP without Tor. Affected are nodes that enable -privatebroadcast and broadcast via sendrawtransaction, as well as nodes capable of outbound IPv4/IPv6 connections; wallet RPC, onion, and I2P are unaffected. The fix will be released with 31.1; it is recommended to disable -privatebroadcast, disable v2, or route outbound traffic through Tor before upgrading.

$BTC
Monday pivot high.
Wednesday pivot low.
This pattern has now played out for 7 consecutive weeks.
The Monday / Wednesday intra-week pivot correlation.

CoinWorld News reports that the well-known U.S. stock trader CBB has restarted a sub-address, transferring $16 million to HyperLiquid and opening positions in as many as 38 assets, covering U.S. stocks and commodities. As of press time, the trader holds a total position of $44.5 million across two addresses on HyperLiquid for high-frequency arbitrage, with the main address having been profitable by $5.2 million over the past 7 days. The address was widely watched after it publicly organized a hunt in 2025 for multiple hundred-million-dollar BTC short-position “whales,” and it has been dubbed the team lead KOL of the whale-hunting squad.

Thorchain, after experiencing a $10.7 million hack, has launched an 11-step restart plan, entering a new phase. Validators are reviewing version 3.19.0, which includes security patches and the ADR-028 loss recovery plan, as well as introducing a mechanism to isolate damaged vaults to prevent them from processing transactions while keeping the network visible. Validators need to vote to approve v3.19.0 for phased upgrades. After completing the upgrade, they will perform ADR-028 data migration and use temporary Keyverify checks to verify the integrity of key shares, ensuring re-signing before initiating asset transfers. The network will then restore other services.

CryptoWorld News: U.S. State Department: Reports indicate missiles, drones, or rockets have entered Jordanian airspace.

Strategy Executive Chairman Michael Saylor posted on X saying, “Now is a good time to add more orange dots (add more dots),” and attached a chart of the company’s Bitcoin holdings. The market generally views this as a sign that Strategy will disclose a new round of Bitcoin purchase plans this week. Previously, Strategy disclosed on June 1 that it sold 32 BTC for the first time since 2022 to pay STRC preferred stock dividends. (The Block)

Coinbase released a post-mortem report on the major service outage on May 7, stating that the failure was caused by a cooling system failure at the AWS data center in the US East region, leading to cabinet thermal protection shutdowns and affecting multiple internet services. This incident caused core functions such as Coinbase trading, deposits, and withdrawals to be interrupted for about 8 hours, with full recovery taking approximately 12 hours. Coinbase stated that the event exposed deficiencies in its cross-availability zone automatic failover and middleware disaster recovery capabilities, and will upgrade its cross-region hot standby architecture, strengthen failure drills, and expand the Kafka system from dual-availability zone deployment to triple-availability zone deployment.