Author: NBTC
Anthony Pompliano, a digital assets influencer and podcast host, is set to become CEO of ProCapBTC, a new investment vehicle aiming to acquire large amounts of bitcoin BTC$104,732.39, according to the Financial Times, which cited three people familiar with the talks. Under the proposed deal, ProCapBTC plans to raise $750 million, $500 million in equity and $250 million in convertible debt, in a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by Cohen & Company, the FT said. A deal could be announced as early as next week, although negotiations are still in progress and…
Justin Sun met with Stellar founder Jed McCaleb at Vast, McCaleb’s space infrastructure startup. Sun’s history with Ripple and McCaleb’s legacy in crypto set the stage for renewed partnerships between TRON, Stellar, and Ripple communities. After Vast, Sun visited SpaceX, suggesting bold ambitions linking crypto projects with the space sector. This crossover has got Twitter buzzing! TRON founder Justin Sun recently paid a visit to Jed McCaleb, the low-key legend behind Stellar and Ripple. Oh, and here’s where it gets interesting. The meeting took place at Vast, McCaleb’s space infrastructure startup. Sun’s takeaway? “This is just the beginning.” And if…
The Open Platform, a developer of Telegram-based protocols and apps built on The Open Network (TON), said Thursday that it has completed its Series A funding round, raising $28.5 million at a valuation of $1 billion. The round, led by Ribbit Capital, makes The Open Platform (TOP) the first crypto unicorn—or startup with a $1 billion valuation—in the Telegram blockchain ecosystem, the firm claimed. “TOP’s combination of expertise, capital, and our deep understanding of both TON and Telegram positions us as a leading force in this ecosystem,” The Open Platform CEO Andrew Rogozov told Decrypt. With its latest raise, the…
Bitcoin ended May with a nearly 10% gain, and investors are already positioning for an even stronger June. Blockchain adoption is pulling ahead of macro stories, changing the way Bitcoin is being traded and talked about. This is being powered by corporate treasuries, regulated investment products, and a wave of US policy uncertainty. The OG crypto closed its second straight month in the green, driven by consistent inflows into Bitcoin ETFs and continued accumulation by public companies. According to Bitcoin Treasuries, the number of Bitcoin held by listed companies rose 4% to $85.6 billion. In the same month, spot ETFs…
PayPal is preparing to make its stablecoin, PayPal USD (PYUSD), available on the Stellar blockchain, pending regulatory approval from the New York State Department of Financial Services (NYDFS). Stellar is a blockchain network designed for fast and low-cost transactions. The potential integration would allow PYUSD to operate on Stellar alongside its existing availability on Ethereum and Solana. Stellar’s infrastructure offers advantages such as low transaction fees, fast processing times, and built-in compatibility with digital wallets and local payment systems. The move could benefit small and medium-sized businesses by providing new financing options through a model known as Payment Financing (PayFi).…
As President Donald Trump prepares to host a high-profile gala dinner on Thursday, May 22, 2025, for top holders of the Official Trump (TRUMP) token, the Solana-based meme coin is experiencing a surge in market momentum, and so far, the returns have been hard to ignore. Official Trump, launched on the eve of Trump’s second-term inauguration, is currently trading at $14.34 as of May 21 and has rallied approximately 56.7% since the gala dinner was first announced on April 23, when the token was priced at $9.15. According to Finbold research, a $1,000 investment at the time of the announcement…
CNBC has published a piece, talking about the recent speech of Strategy founder, Michael Saylor, during the Bitcoin 2025 event, and shared its observations regarding several other large companies that have begun to accumulate Bitcoin. “Explosion of interest” toward Bitcoin from companies This week, Trump Media voiced its plan to allocate $500 million to buy Bitcoin, while Tether, SoftBank and Strike’s Jack Mallers launched Twenty One — a public company that plans to add 42,000 BTC to its balance sheet. Saylor’s bitcoin buying strategy is ‘exploding’ globally, but Wall Street is skeptical https://t.co/NGk4LhyMLW — CNBC International (@CNBCi) May 31, 2025…
This is a segment from the Empire newsletter. To read full editions, subscribe. Yesterday, Coinbase hosted its annual State of Crypto summit. There were lots of announcements to unpack, especially if we’re talking about consumers. I want to focus on remarks from a chat between Coinbase’s Brett Tejpaul and BlackRock COO Rob Goldstein, who gave some insight into how the world’s largest asset manager is thinking about crypto. While he didn’t give a timeline (other than stating that BlackRock has been studying crypto since roughly 2017), he did say that BlackRock saw “incredible utility with regards to stablecoins.” “And…we saw…
Although the past 24 hours have been characterized by heavy selloffs, Bitcoin is still currently holding above the $100,000 level, trading around $103,700 as of the time of writing. Notably, signs of exhaustion are also beginning to surface for Bitcoin, especially in the past 48 hours. While long-term indicators suggest a bullish continuation for the Bitcoin price, short-term models indicate a breakdown of bullish strength, particularly as the cryptocurrency approaches the critical $100,000 support zone. This sentiment is relayed by popular crypto analyst Willy Woo, who shared the good and bad news based on Bitcoin’s current technicals. Good News: A…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Next week is the Fed’s FOMC Day, and it feels like it’s going to be a highly contentious one. On one hand, you have President Trump pressing Chair Jerome Powell to cut rates by 100bps as soon as possible: On the other hand, you have the FOMC toeing the line; they’re in a “wait-and-see” mode. This is because they don’t want to react in either a dovish or hawkish direction until they have a better idea of where the tariff policy will net out. However, doing…