Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. We talked a whole lot about Circle last week, and I’ve already mentioned that the success of the IPO opened up doors for other firms (take a look at Gemini, for example, which announced it confidentially filed an S-1 with the SEC earlier this year). But while there’s a ton of appetite on the public markets, the question has to be asked: Who’s actually ready to premiere on a public stage? Dragonfly’s Rob Hadick poured some cold water on the hopes and dreams of a crypto IPO…
Stablecoin-focused blockchain Plasma raised its deposit cap to $1 billion early Thursday — and hit that limit within 30 minutes. The new cap marks a doubling from the prior $500 million ceiling, which had itself been raised just days earlier following a community-driven outcry over bot activity and rapid sellout times. Plasma said the short-notice announcement was designed to give real users, such as those active in its Discord, a fairer shot at joining. But it’s not a token sale just yet. “Deposits are not the sale itself,” Plasma clarified in a post. “All funds remain fully owned by depositors…
The directive, which is expected to be approved and implemented by January 2026, will enable authorities in Spain to exchange data on cryptocurrency assets held on international exchanges. Similarly, the Spanish tax agency will be able to seize these assets to collect payment for tax debts. Spain Introduces Law to Strengthen Cryptocurrency Tax Oversight Spain is preparing to follow European directives that increase the level of oversight on its citizens’ cryptocurrency holdings. According to local media, the government introduced a law forcing virtual asset service providers to report transaction data and the holdings of their users. As part of the…
Binance Futures has announced the launch of a new USDⓈ-margined perpetual contract for LA/USDT, set to go live on June 5, 2025 at 12:00 UTC. The move is part of Binance’s efforts to diversify trading options and enhance user experience on its futures platform. Binance Futures to Launch LA/USDT Perpetual Contract with Up to 50x Leverage on June 5 Basic Details of LA/USDT Perpetual Contract Launch Time: June 5, 2025, 12:00 Leverage: up to 50x Collateral Type: USDⓈ-Margined (settled in USDT) Funding Rate Cap: Initially ±2.00% Funding Interval: Every 4 hours The contract will also be available for Futures Copy…
CARV is launching its SVM Chain, a blockchain project focused on helping people use their own artificial intelligence (AI) systems. By combining the powerful scaling of Solana with the strong security of Ethereum, the chain wants to offer a safe and effective base for AI systems concerned with user sovereignty. In the age where data defines value, CARV is pioneering user sovereignty through our SVM Chain, merging:✅ Solana’s unmatched scalability✅ Ethereum’s proven securityTo unlock:• Privacy-preserving ecosystems for AI agents• User-controlled data with verifiable ownership… pic.twitter.com/TfpL6rJNPX — CARV (@carv_official) June 8, 2025 The SVM Chain is designed to handle many operations…
This week, important economic data will come from the US for Bitcoin. The first of these, the CPI data, was announced yesterday and came in below expectations. US PPI data will be released today. At this point, while the decline in inflation is seen as positive for Bitcoin (BTC), 21Shares analyst Matt Mena said that the lower-than-expected US inflation data has prepared the necessary ground for Bitcoin to reach $200,000 by the end of the year. Mena stated that inflation data will fall further and that as the macroeconomic outlook becomes clearer, Bitcoin reserve and ETF inflows will accelerate and…
Lucid Labs has formally announced and commenced a $500,000 Vested Emission Offering (VEO) priced at a discounted value for $PEAQ tokens. The goal of this initiative is to offer long-term, sustainable liquidity to the Machine Economy’s decentralized finance (DeFi) protocols. The 10-day campaign will distribute tokens through Lucid’s platform, where community participants will be rewarded to acquire those tokens on a vested basis at dynamic discounts of up to 25%. Lucid x peaq@LucidLabsFi pioneers Vested Emission Offerings (VEOs), a new way for communities to provide sustainable long-term liquidity for Web3 projectsVEOs:→ Offer vested tokens at a discount→ Provide stable liquidity…
Pudgy Penguins users can now earn Lufthansa miles from every purchase made with fiat or PENGU on the Pudgy Shop. This collaboration adds real-world travel rewards to the Pudgy Penguins ecosystem through Europe’s largest frequent flyer program. Pudgy Penguins is back with another surprise. This time, not through cute toys or new NFTs, but through a serious collaboration with Lufthansa. Through the Miles & More program, which is the largest frequent flyer program in Europe, Pudgy is giving its fans a new opportunity—earn miles just by shopping at the Pudgy Shop. Just imagine, buy a penguin doll or cute accessories,…
Energy-management firm KULR (KULR) is looking to raise up to $300 million by selling shares of its common stock in an at-the-market (ATM) offering facilitated by Cantor Fitzgerald. The funds will be used for general corporate purposes, including working capital and the acquisition of more bitcoin BTC$107,812.18, the company said in an SEC filing. California-based KULR began using bitcoin as its primary treasury reserve asset in late 2024, adopting a strategy similar to that of Strategy (MSTR). It currently holds 800 BTC, according to BitcoinTreasuries data. Many companies looking to build up their bitcoin treasury holdings have turned to at-the-market…
XRP price has the potential to skyrocket to double digits if the XRPL handles 14% of SWIFT volume as projected by the Ripple CEO. For context, at the 2025 XRPL Apex event in Singapore, Ripple’s CEO Brad Garlinghouse responded to a direct question regarding the future of the XRPL amid growing adoption. Ripple CEO Predicts XRPL Will Handle 14% of SWIFT Volume in Five Years Specifically, a journalist asked both Garlinghouse and Ripple’s CTO, David Schwartz, how much of SWIFT’s transaction volume the XRP Ledger could realistically handle in the next five years. In response, Garlinghouse explained that it’s important…