Day

May 27, 2025

Growing BTC reserve requires Congressional legislation — VanEck exec

May 27, 20250
Building a permanent US strategic Bitcoin reserve would likely require targeted legislation rather than executive action, according to VanEck’s head of digital assets, Matthew Sigel. Speaking at Bitcoin 2025 in Las Vegas, Sigel said the most viable path forward may involve inserting Bitcoin mining incentives into the congressional budget reconciliation process.According to Sigel, the most...

Third individual arrested in NYC crypto torture and kidnapping case

May 27, 20250
A third individual, suspected of being connected to the recent kidnapping, torture and attempted extortion of an Italian tourist in New York City, surrendered to law enforcement on May 27.33-year-old William Duplessie was taken into custody by the New York Police Department (NYPD) and will be charged with “kidnapping and false imprisonment of an associate,”...

Ethereum price target shifts to $3K after SharpLink adopts ETH ‘treasury strategy’

May 27, 20250
Key takeaways:SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH. Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart. Nasdaq-listed SharpLink Gaming (SBET) announced a $425 million private investment in public...

Selling Bitcoin is like playing in a 'bad house-rate casino' — Adam Back

May 27, 20250
Selling Bitcoin is like “playing in a really bad house-rate casino,” according to Adam Back, CEO of Blockstream and one of Bitcoin’s earliest adopters. In a recent interview with Bitcoin financial services firm Unchained, Back said the odds are stacked against traders trying to time the market.Back came to this conclusion in the early days...

Trump supports bill to buy 1 million BTC — Senator Lummis

May 27, 20250
US President Donald Trump supports the BITCOIN Act and has a team of experts in the White House working to roll out landmark digital asset legislation in the coming weeks, according to Wyoming Senator Cynthia Lummis. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Lummis said she is bringing the BITCOIN ACT to the...

Maple Finance, FalconX secure Bitcoin-backed loans from Cantor Fitzgerald — Report

May 27, 20250
Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services.According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a...

Bitcoin price held up by corporate adoption and ‘inflation hedge’ narratives

May 27, 20250
Key takeaways:Institutional investor demand and corporate adoption may push Bitcoin higher despite recession fears.Investors’ belief that the US Federal Reserve will hold rates favors Bitcoin price upside.Stock markets around the world responded positively to the temporary suspension of import tariffs between the United States and the European Union, with the S&P 500 rising 1.5% on...

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

May 27, 20250
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, according...

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

May 27, 20250
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...

Trump Media Group reverses stance, confirms $2.5B Bitcoin capital raise

May 27, 20250
Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, confirmed a $2.5 billion capital raise to purchase Bitcoin (BTC) after denying earlier reports of the deal.According to a May 27 announcement from the company, the capital raise comprises a $1.5...
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