ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Bitcoin is bleeding, STRC is off peg, and Saylor’s “never sell” machine is facing its first real confidence test. David and Haseeb unpack whether Strategy can survive without selling BTC, why Bitmine’s ETH play may be stronger but riskier, and what select token strength, U.S. perps, and Coinbase’s Ethena deal reveal about crypto’s next phase.

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TIMESTAMPS & RESOURCES

0:00 Intro

1:37 Saylor & Strategy Confidence Test
x.com/zerohedge/status/2061418482344849785
x.com/KobeissiLetter/status/2062475802252365980
x.com/glxyresearch/status/2062518531128746000
x.com/TrustlessState/status/2062499179239215390

13:26 DATs Underwater & Bitmine Preferred Offering
x.com/lookonchain/status/2062011412965405059
x.com/zoomerfied/status/2062288919853490553

34:19 Major Weakness & Select Token Strength

40:45 U.S. Perps Get Greenlit
coindesk.com/policy/2026/05/28/u-s-cftc-opens-…

53:41 Coinbase Invests in Ethena
theblock.co/post/403403/coinbase-invests-ethen…

57:13 Closing & Disclaimers

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