Day: May 27, 2025

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

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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 of Bitcoin credit vehicles at discounted prices. “ […] our alpha-generating Bitcoin accumulation strategies are designed to drive sustained outperformance relative to Bitcoin itself, which requires a new valuation framework,” Strive CEO Matt Cole said.…

BlackRock Strategic Income Opportunities Portfolio adds IBIT shares

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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 to filings with the US Securities and Exchange Commission (SEC). That’s a notable uptick from Dec. 31, 2024, when the portfolio held 1,691,143 IBIT shares.  The BlackRock Strategic Income Opportunities Portfolio’s consolidated schedule of…

Bitcoin soars as Trump Media, corporations plan to buy BTC

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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 announcement that it would raise $2.5 billion for a Bitcoin treasury. Bitcoin’s bullish momentum aligns with the favorable US financial conditions, as noted by Ecoinometrics. The macroeconomic-focused Bitcoin newsletter highlighted that the National Financial Conditions…

Altcoin market cap could surge toward $15 trillion if Bitcoin dominance repeats its post-halving drop.

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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 (ETH), has reclaimed a key technical level that has historically preceded sharp price gains and marked the start of an “altseason” across multiple market cycles in the last five years. ETH price can double in…

Zero-knowledge proofs offer a cryptographic solution that keeps your sensitive data safe.

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Opinion by: Andre Omietanski, General Counsel, and Amal Ibraymi, Legal Counsel at Aztec Labs What if you could prove you’re over 18, without revealing your birthday, name, or anything else at all? Zero-knowledge proofs (ZKPs) make this hypothetical a reality and solve one of the key challenges online: verifying age without sacrificing privacy.  The need for better age verification today We’re witnessing an uptick in laws being proposed restricting minors’ access to social media and the internet, including in Australia, Florida, and China. To protect minors from inappropriate adult content,…

SharpLink launches ETH treasury and appoints Joseph Lubin as chair

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Betting firm SharpLink Gaming has launched an Ethereum-based corporate treasury strategy and nominated Ethereum co-founder Joseph Lubin as chairman of its board of directors, the company announced May 27. According to the announcement, SharpLink Gaming, a publicly traded company on Nasdaq, entered into a securities purchase agreement for a private investment in public equity worth $425 million. Ethereum infrastructure firm Consensys was among the investors. “On close, Consensys looks forward to partnering with SharpLink to explore and develop an Ethereum Treasury Strategy and to work with them in their core…

Bitcoin 2024 conference sparked 30% price crash — Can bulls escape this year?

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Key points: Bitcoin rebounds from another support retest, but fears over a Nashville conference-induced comedown are growing. The biggest Bitcoin gathering tends to accompany BTC price weakness. BTC price action can and will continue to experience drawdowns of 10-20%, analysis stresses. Bitcoin (BTC) circled $110,000 at the May 27 Wall Street open amid concerns over a 30% BTC price crash. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin “market memory” may recall 2024 crash Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after its latest support retest around $107,000. As…

Russian Arrested in South Korea for Attempted $730K Crypto Robbery

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South Korean authorities have arrested one of three Russian nationals accused of an attempted robbery during a fake crypto deal in Seoul. The suspects allegedly lured Korean investors to a hotel, where they tried to steal 1 billion won (approximately $730,000) in cash. The Gangseo Police Precinct in Seoul detained a man in his 20s in Busan on May 27, according to a report by local news outlet JoongAng Daily. The suspect faces charges of assault and attempted robbery. The other two suspects reportedly fled South Korea shortly after the…

Trump Media to raise $2.5B to build Bitcoin treasury, mirroring Strategy’s playbook

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Key Takeaways Trump Media will raise $2.5 billion to create one of the largest Bitcoin treasuries among public companies. The treasury deal includes $1.5 billion in common stock and $1 billion in convertible notes. Share this article Trump Media and Technology Group Corp (TMTG), which operates Truth Social and other Trump-branded media and technology platforms, announced Tuesday its plans to raise $2.5 billion in a bid to build a Bitcoin treasury. The company will adopt a playbook akin to that of Michael Saylor’s Strategy, offering $1.5 billion in stock and…

Solana may underperform Ethereum as memecoin demand declines

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Layer-1 blockchain Solana may be evolving into a “one-trick pony” for memecoin generation and trading, according to a recent Standard Chartered report. According to a May 27 Standard Chartered research report shared with Cointelegraph, Solana “dominates in areas that demand high-volume, low-transaction-cost solutions” due to its design prioritizing fast and cheap transaction confirmation. The report suggested this has had an unintended consequence: “So far, this has been mostly in memecoin trading, which accounts for the majority of activity on Solana (as measured by ‘GDP’, which is application revenue).” Standard Chartered…