What Happened in Crypto Today: Top 5 News—Hacks, Crashes, Hope

Top 5 Crypto News Today: MicroStrategy, Circle, Keeta, BitoPro Hack

The crypto market is in the red today, but behind the bloodbath are some huge plays that could shape the future of digital assets. While Bitcoin and Ethereum faced price pressure, major names like MicroStrategy, Circle, Keeta, and Reitar Logtech dropped headline bombs that no crypto analyst could ignore.

So, what happened in crypto today? Let’s break it down.

MicroStrategy Buys 705 BTC, Portfolio Hits $40B

On June 1, Michael Saylor’s Strategy (formerly MicroStrategy) revealed yet another bold Bitcoin bet — 705 BTC purchased for $75.1 million, at an average of $106,495 per coin. This brings total MicroStrategy Bitcoin holding to 580,955 BTC, now worth over $40.68 billion.

Saylor isn't just collecting cryptocurrency—he's outperforming Wall Street. With BTC yielding 16.9% YTD in 2025, his firm has outpaced Amazon (-3%) and even Apple (-17%). 

$11.5M Vanishes in BitoPro Hack Disguised as “Maintenance”

What looked like a quiet "maintenance" event on May 8 turned into a suspected $11.5 million crypto hack. Taiwan’s largest cryptocurrency exchange, BitoPro, paused withdrawals without warning.

According to ZachXBT and Wu Blockchain, multiple hot wallets connected to Ethereum, Solana, Polygon, and Tron were drained and the assets washed through Tornado Cash and Thorchain, ending up in Wasabi wallets to mask the attacker’s trace.

No official confirmation has come yet, fueling fear and uncertainty in the market and contributing to today's crypto market crash today.

Keeta Coin Hits All-Time High Amid Scam Rumors

Keeta Coin surged 33% in 24 hours to hit a new ATH of $0.9886 before pulling back slightly, according to CoinMarketCap. The token is now up over 700% since mid-May, thanks to buzz from:

• Its March 31 Layer-1 mainnet launch with 47,000 TPS

• A listing announcement across major platforms

• A bizarre reward scam rumor circulating on social media

Circle IPO Gains Steam With New $896M Funding Plan

Stablecoin giant Circle is now seeking to raise $896 million more, just days after pulling in $624 million in its IPO round. This push could take its valuation to $7.2 billion, overtaking some legacy tech firms.

Circle is offering 32M shares priced at $27–$28, with growing optimism fueled by Trump-era regulatory clarity for stablecoins under the STABLE Act. As stablecoin regulation news trends, investors are watching the circle IPO 2025 play closely.

Reitar Logtech to Acquire $1.5B in Bitcoin

In a bold treasury move, Hong Kong-based Reitar Logtech Holdings disclosed plans to buy up to $1.5 billion in $BTC, citing it as a “hedge against traditional finance.”

This follows Michael Saylor's playbook, demonstrating that industry $BTC adoption is far from ending.  Reitar plans to use BTC to stabilize its treasury and fuel global expansion. Moves like the reitar bitcoin buy continue to influence market sentiment even as bitcoin price crash headlines dominate today.

Conclusion

Even as the cryptocurrecny market massive liquidations make headlines today, institutional conviction is rising. From MicroStrategy's doubling down to Circle's funding wave and Reitar's Bitcoin treasury bet, the message is clear: the smart money remains optimistic about crypto's long-term prospects.

However, with hacks like BitoPro and scam rumors like Keeta's, prudence remains essential. As a crypto analyst, I’d say — today wasn’t just red; it was real.

Stay updated. DYOR. And pay attention to what the whales are doing, rather than what the market is screaming about.