Ramaswami’s Strive raises $750M for ‘alpha-generating’ Bitcoin buy strategy

Strive, an asset manager founded by American entrepreneur and politician Vivek Ramaswamy, has announced a $750 million raise to establish “alpha-generating” strategies through Bitcoin-related purchases. According to a May 27 announcement, the strategies will include buying undervalued biotech companies, purchasing “distressed Bitcoin claims” like those associated with crypto hacks and bankruptcies, and acquiring bottom tranches … Read more

Wall Street Firm Cantor Begins Bitcoin Lending Operations 

Cantor, a Wall Street investment bank, has launched its bitcoin financing business, completing initial trades in May and planning to provide up to $2 billion in institutional lending. Cantor Offers Up to $2B in Financing for Bitcoin Holders The service allows institutional bitcoin holders to secure loans using their cryptocurrency as collateral, aiming to address … Read more

BlackRock in-house portfolio boosts IBIT Bitcoin ETF exposure by 25%

BlackRock’s in-house portfolio has been quietly accumulating shares of its Bitcoin exchange-traded fund (ETF), underscoring the asset manager’s growing commitment to the cryptocurrency as part of a broader diversification strategy. As of March 31, 2025, the BlackRock Strategic Income Opportunities Portfolio held 2,123,592 shares of the company’s iShares Bitcoin Trust (IBIT), valued at $99.4 million, … Read more

Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts

Key takeaways: Bitcoin could turn parabolic if prices move above $115,000 to liquidate more than $7 billion in short positions. Onchain indicators enter overheated territory, suggesting prolonged profit-taking from BTC investors. Bitcoin (BTC) showed strength on May 27, briefly tagging $110,700 after a strong US equities market open and the Trump Media and Technology Group’s … Read more

Saylor Slams Proof-of-Reserves: ‘It’s Like Publishing Your Kids’ Bank Accounts’

Warming up for the Bitcoin 2025 conference in Las Vegas, Strategy founder Michael Saylor was asked to weigh in on the concept of proof-of-reserves. Saylor didn’t mince words, dismissing the idea entirely by stating it “dilutes the security” and calling it a flat-out “bad idea.” Saylor’s ‘Bad Idea’ Comment on Reserve Transparency Ignites Crypto Clash … Read more

Trump Media Secures $2.5B to Build Bitcoin Treasury With Institutional Firepower

Trump Media is unleashing a $2.5 billion bitcoin treasury strategy, vaulting digital assets onto its balance sheet and supercharging its mission to disrupt traditional finance. Bitcoin Treasury Incoming as Trump Media Secures $2.5B From Power Investors Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) announced on May 27 that it has secured commitments … Read more

93% of all Bitcoin is already mined. Here’s what that means

How much Bitcoin is left to mine? Bitcoin’s total supply is hardcoded at 21 million BTC, a fixed upper limit that cannot be altered without a consensus-breaking change to the protocol. This finite cap is enforced at the protocol level and is central to Bitcoin’s value proposition as a deflationary asset. As of May 2025, … Read more

Blackrock’s Updated Bitcoin ETF Prospectus Reveals Hidden Danger: Quantum Hack Risk

A freshly revised prospectus for Blackrock’s Ishares Bitcoin Trust (IBIT) now includes a cautionary note that the advent of powerful quantum computing—and related developments—could render Bitcoin’s foundational cryptographic safeguards “becoming ineffective.” Blackrock Flags Quantum Computing Risk This week, the debate around quantum computing and Bitcoin has reignited within the crypto sphere, with renewed speculation over … Read more

Ethereum flashes ‘altseason’ signal as ETH price eyes $4.1K

Key takeaways: Ethereum has reclaimed a key level that preceded 100%+ rallies and triggered past altseasons. Altcoin market cap could surge toward $15 trillion if Bitcoin dominance repeats its post-halving drop. Despite bullish signals, ETH remains fragile, with $123B in supply near cost basis at risk of flipping into a loss. Ethereum’s native token, Ether … Read more