Vegas Comedown, Or Was Bitcoin 2025 Too Noisy?

“Shitcoin Magazine,” tweeted Bitcoin educator and author Knut Svanholm about the event that BTC Inc, the parent company of Bitcoin Magazine, organized in Las Vegas last week. Dancing cows dashed across my feed. “It’s a political convention now,” I overheard two attendees saying as they exited the Nakamoto stage, heads shaking. Nigel Farage, the inflammatory British politician and leader of Reform UK, was shouting on stage about becoming prime minister. A somewhat calmer personality, Vice President JD Vance spoke about “crypto” and thanked Coinbase.

Word on the (online) street is that Bitcoin 2025 was captured by political and shitcoin-y interests. Our own…

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How Strategy (MSTR) Built Their Capital Stack To Accelerate Bitcoin Accumulation

MicroStrategy—now operating as Strategy™—has built the most aggressive Bitcoin treasury in the world. But its true innovation isn’t just holding Bitcoin. It’s in how it finances the accumulation of Bitcoin at scale without giving up control or diluting shareholder value.

The engine behind this? A meticulously designed capital stack—a multi-tiered structure of debt, preferred stock, and equity that appeals to different types of investors, each with unique risk, yield, and volatility preferences.

This is more than corporate finance—it’s a blueprint for Bitcoin-native capital formation.

What Is a Capital Stack?

A capital stack refers to the layers of capital a…

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Berabaddies’ founder: Make DeFi simple — and cute AF

This is a segment from The Drop newsletter. To read full editions, subscribe.

A female-focused crypto community known as the Berabaddies has teamed up with infra firm Concrete to launch a community-yield vault that offers yield farming on Berachain, all with the goal of making DeFi simpler and easier for non-technical traders and those newer to crypto.

Berachain launched earlier this year, back in February — and the Berabaddies formed shortly afterward. The girl group is separate from the Berachain Foundation and team, and is incubated by Berachain-focused venture studio Honey Jar plus Ursadom Labs.

“Berachain is the community that I found my home in and I found my…

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Bitcoin to $250K This Year? Why Arthur Hayes’ Forecast Aligns With Key On-Chain Metrics

Arthur Hayes, former BitMEX CEO and prominent crypto influencer, recently made waves by urging that Bitcoin could possibly surge to $250,000 by the end of 2025, more than double its current figure in less than six months. This has been dismissed by some as overly optimistic, yet a growing body of macroeconomic and on-chain data shows his call is not as fanciful as it seems.

The source article is here: https://decrypt.co/323135/money-printing-lift-bitcoin-250k-this-year-arthur-hayes

Independent of this article, there are other macro signals which support this view.

Macro Tailwinds: M2 Money Supply Is Growing Again

One of the most compelling arguments for Hayes’ estimation is in global…

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Canadian Company SolarBank Adopts Bitcoin Treasury Strategy

Today, SolarBank Corporation (NASDAQ: SUUN), a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America, has announced the integration of Bitcoin as a strategic reserve asset into its corporate treasury strategy, following the footsteps of MicroStrategy and SharpLink Gaming.

SolarBank has also applied to open an institutional account with Coinbase Prime (NASDAQ: COIN), enabling secure Bitcoin custody, USDC services, and a self-custodial wallet for its Bitcoin holdings.

The company cited several strategic advantages for adopting Bitcoin as a reserve asset:

Financial Resilience: Bitcoin holdings will serve as a hedge… Read more on BitcoinMagazine

LATEST: Norwegian Company K33 AB Adds 10 BTC to Start Bitcoin Treasury Strategy

Norwegian digital asset firm K33 has purchased 10 Bitcoin worth around SEK 10 million as part of its new Bitcoin Treasury strategy. This marks the first step in the company’s bold plan to grow its crypto holdings with a long-term goal of reaching at least 1,000 BTC.

The move follows K33’s recent capital raise of SEK 60 million backed by key investors such as Klein Group and Modiola AS. The funding round included the issuance of over 150 million new shares and 301 million free warrants which could bring in an additional SEK 75 million by 2026 if exercised.

K33’s CEO Torbjørn Bull Jenssen said the strategy shows the company’s strong belief in Bitcoin as a key part of the future financial system. By holding Bitcoin directly K33 plans to strengthen its core services in trading custody and research while positioning itself as a leader in the growing institutional crypto market.

Source

Public-key birthday: ‘Cypherpunk sacred text’ turns 49 today

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

It took nearly seven centuries for a cryptography breakthrough to sunset the Caesar cipher that was big in the first century BC.

Caesar ciphers simply shifted letters up or down in the alphabet by a fixed number of positions. Starting in the year 800, Arab polymath al-Kindi began working on what’s known as frequency analysis — a type of systematic pattern recognition that would result in reverse-engineering shift cipher encryption, like the Caesar.

By the 16th-century Renaissance, solving Caesar ciphers was so easy that they were considered children’s puzzles.

So it was until two…

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Norwegian Public Company K33 AB Purchased 10 BTC For Their New Bitcoin Treasury Strategy

K33 AB (PUBL), a digital asset brokerage and research firm, announced that it has completed its first Bitcoin acquisition under its new Bitcoin treasury strategy, purchasing 10 BTC for approximately SEK 10 million.

Today’s purchase is the first transaction of the secured SEK 60 million that K33 announced it will buy for its Bitcoin treasury strategy.

“We expect Bitcoin to be the best-performing asset in the coming years and will build our balance sheet in Bitcoin moving forward,” said the CEO of K33 Torbjorn Bull Jenssen. “This will give K33 direct exposure to the Bitcoin price and help unlock powerful synergies with our brokerage operation. Our ambition is to build…

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LATEST: Kraken Launches Prime Brokerage for Institutional Crypto Clients

Kraken has announced the launch of Kraken Prime a new prime brokerage service aimed at institutional cryptocurrency traders. The service offers deep liquidity best execution and around-the-clock support to meet the high demands of professional trading firms. This move signals a major step forward in bridging the gap between traditional finance and the crypto market.

Kraken Prime connects clients to liquidity covering over 90 percent of the digital asset market across more than 20 global trading venues. Trades can be executed directly from custody held by Kraken Financial a US state-chartered bank. The platform also includes smart order routing T plus one credit facilities and asset-backed lending to provide a full suite of institutional services.

Kraken co-CEO David Ripley said the goal is to deliver execution quality and service depth that exceed traditional finance standards. He emphasized that Kraken Prime is built for reliability and consistency which are crucial during market volatility. Kraken aims to raise the bar for institutional crypto access.

SEC Commissioner Hester Peirce Speaks On Privacy And Permissionlessness At PubKey

Yesterday, SEC Commissioner Hester Peirce sat down for a fireside chat with NYDIG founder Ross Stevens at New York City’s Bitcoin-themed bar PubKey.

The two traversed a number of topics during their discussion, including why it’s important that the world has a permissionless network and asset like Bitcoin as well as why transactional privacy should be a right for U.S. citizens.

Peirce didn’t mince words during the discussion, yet she also spoke with nuance and thoughtfulness as she responded to questions from not only Stevens but from members of the audience during a Q&A session, as well.

On Permissionlessness

Toward the onset of the talk, Peirce highlighted the fact…

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