# May 28: U.S.-Iran Strikes Trigger Liquidations, ETF Outflows, and Risk-Off Selling

Page: https://stenobird.com/podcast/daily-crypto-news-6024634/may-28-u-s-iran-strikes-trigger-liquidations-etf-outflows-and-risk-off-selling
Text version: https://stenobird.com/podcast/daily-crypto-news-6024634/may-28-u-s-iran-strikes-trigger-liquidations-etf-outflows-and-risk-off-selling.md
Podcast: [Daily Crypto News](https://stenobird.com/podcast/daily-crypto-news-6024634)
Published: 2026-05-28T13:07:45+00:00
Episode link: https://shows.acast.com/today-in-web-3/episodes/6a183e2169630795d89c3acb
Audio file: https://sphinx.acast.com/p/open/s/63e26a946b77a10011ea5094/e/6a183e2169630795d89c3acb/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/may-28-u-s-iran-strikes-trigger-liquidations-etf-outflows-and-risk-off-selling
Duration seconds: 708

## Resource

Brief Summary: Bitcoin fell below $73,000 this morning, hitting its lowest level since April 13 as U.S.-Iran strikes rattled global markets. Brent crude jumped toward the mid-$90s, reviving inflation concerns and pressuring risk assets. Crypto liquidations totaled roughly $958.8 million over 24 hours, with longs accounting for about $897 million. Ethereum broke below $2,000 for the first time since late March, while Ether futures open interest hit a record 16.39 million ETH. BlackRock’s IBIT saw $527.84 million in net outflows Wednesday, its second-largest single-day withdrawal since launch. The 11 U.S. spot Bitcoin ETFs lost a combined $733.43 million Wednesday, with more than $2 billion leaving the complex over two weeks. Samsung affiliates agreed to buy a combined 4% stake in Dunamu, operator of Upbit, for about $408 million. VanEck’s tokenized Treasury fund VBILL is now live on Euler, allowing tokenized U.S. Treasuries to be used as onchain collateral. The White House is reviewing a proposed CFTC rule on prediction markets, which could shape Kalshi, Polymarket, sports, election, and event-contract markets. The CFTC and Gemini jointly asked a federal court to unwind Gemini’s old $5 million settlement. Reuters reported that UniCredit warned Europe may be less able than the U.S. to contain crypto-bank shocks. A Google engineer was charged over alleged insider trading on Polymarket using confidential Google search data. U.S. Treasury operations from May 28 to June 5 could drain roughly $150 billion in liquidity, adding another macro pressure point for Bitcoin. CoinMarketCap’s Altcoin Season indicator fell to 30 out of 100, showing broad altcoin weakness. Hosted on Acast. See acast.com/privacy for more information.

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