Today in crypto, Jack Dorsey’s Square is putting Bitcoin payments on its US POS terminals in a move aimed at making BTC “everyday money.” Digital asset investment products saw $414 million in outflows last week as inflation fears, US Fed rate hike expectations and Middle East tensions drove a shift toward risk-off sentiment. And, a lucky Polymarket trader netted $67,000 after a UFC announcer briefly announced the wrong winner in a heavyweight fight before correcting himself.
Square rolls out Bitcoin payments at POS for eligible US merchants
Square, the payments platform of Block, has begun rolling out Bitcoin payments at its point-of-sale terminals for eligible US sellers, with the automatic feature going live today as part of a phased rollout over the coming month.
The announcement was shared Monday in a post on X by Miles Suter, Bitcoin product lead at Block, and reposted by CEO and longtime Bitcoiner Jack Dorsey.
The rollout, which could lower barriers to Bitcoin (BTC) payments by removing volatility and custody risk for millions of merchants, was first outlined by Block in May.
According to BitcoinTreasuries.net data, Block ranks as the 14th-largest publicly traded holder of Bitcoin, with 8,883 BTC on its balance sheet at an average cost of $32,939 per coin.
Crypto funds see first outflow in five weeks amid inflation, Iran fears
Crypto investment products saw their first weekly outflows in five weeks last week, with $414 million exiting the market as investors grew cautious over rising inflation risks and escalating tensions in the Middle East.
The pullback came as expectations for the June Federal Open Market Committee (FOMC) meeting in the US shifted from potential rate cuts to rate hikes, signaling a tougher macro backdrop for risk assets, CoinShares reported Monday.
Total assets under management fell to $129 billion, returning to levels last seen in early February and “broadly comparable to April 2025, during the initial phase of Trump’s tariffs,” CoinShares head of research James Butterfill said.
The reversal in flows suggests a shift toward risk-off sentiment, with macro concerns driving investor behavior and weighing on demand for digital assets.
Polymarket trader makes $67,000 after UFC briefly mixes up winner
A Polymarket trader turned $676 into $67,608 on Saturday by capitalizing on a rare mistake during a UFC heavyweight bout, where the wrong fighter was initially announced as the winner.
The trader, known as LlamaEnjoyer on Polymarket and Verrissimus on X, watched the live fight between Tyrell Fortune and Marcin Tybura and suspected that a mistake may have been made when UFC presenter Bruce Buffer announced Tybura as the winner.
During that time, Polymarket shares for Fortune fell to one cent, and LlamaEnjoyer was able to place the $676 bet moments before Buffer corrected himself and declared Fortune the winner.
The incident shows the speed at which odds on prediction markets can whipsaw during live events.
LlamaEnjoyer profited roughly $67,000 from the UFC’s brief blunder, allowing him to capture a near 100x return.
