Day: May 27, 2025

Cowbolt Announces Their Mission To Make Bitcoin Familiar To Everybody

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Today at the Bitcoin Conference in Las Vegas, Cowbolt, an app that lets you split expense payments and settle in bitcoin, will launch their mission: turn peer-to-peer payments into a Bitcoin onramp, starting with family and friends. Cowbolt will let their clients split costs and settle instantly using Bitcoin and USDT, with no middlemen, no bank friction and with self-custody. They will try to convert everyday transactions into Bitcoin adoption.  “We believe the most powerful onramp to Bitcoin isn’t an exchange — it’s people,” said the co-founder of Cowbolt Daniel…

SharpLink’s $425M ETH treasury has ETH bulls calling for $3K

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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 equity (PIPE), acquiring approximately 69.1 million shares at $6.15 each to establish the first Nasdaq-listed Ethereum (ETH) treasury company. Spearheaded by Ethereum co-founder Joe Lubin, this move mirrors Strategy’s (MSTR) successful Bitcoin treasury strategy,…

Third individual arrested in NYC crypto torture and kidnapping case

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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,” NYPD Commissioner Jessica Tisch said. The incident comes amid a string of kidnappings and ransom attempts targeting crypto investors and their loved ones, prompting additional security measures from investors and industry executives. According to…

Growing BTC reserve requires Congressional legislation — VanEck exec

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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 effective path to growing a US strategic Bitcoin reserve would be through targeted amendments to congressional budget legislation. These could include tax credits for mining companies that use methane gas and other incentives aimed…

Trump supports the BITCOIN Act, Senator Lummis says

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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 “attention of the American people and the world,” adding that, “President Trump supports the bill.” In March, Lummis reintroduced the BITCOIN Act — landmark legislation that directs the US government to acquire 1 million…

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

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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 of Bitcoin, he said, when the price “was going up basically exponentially but it [was] extremely volatile.” “So […] if you see something that’s going up exponentially but with volatility, if you sell it…

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

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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 “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor. The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way…

Crypto Analyst Predicts XRP Price Could Shoot To $12 Soon

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Cryptoinsight has provided a bullish outlook for the XRP price, predicting that it could soon rally to as high as $12. He alluded to fundamentals and technicals,…

Bitcoin inflation resistance, corporate buying drives price

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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 May 27. However, concerns over a global economic recession persist, capping Bitcoin’s (BTC) upside, especially since the baseline US import rates have been raised for most regions. Bitcoin remains antifragile and poised…

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

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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 billion stock sale and $1 billion in convertible senior secured bonds, with a 0% coupon. The sale is expected to close on May 29. TMTG CEO Devin Nunes said: “We view Bitcoin as an…