Industry Leaders Predict Trillions In Institutional Inflows

At the 2025 Bitcoin Conference in Las Vegas, the Founder and CEO of Kelly Intelligence Kevin Kelly, the Chief Executive Officer of Bitwise Asset Management Hunter Horsley, the CEO of BitGo Mike Belshe and the Advisor of WBTC Justin Sun talked about the future of financial products in the globe. 

Hunter Horsley started the panel by saying that we are entering a new chapter in 2025 with the change in the regulatory circumstances.

“In the US wealth managers manage between 30 and 60 trillion dollars,” said Horsley. “If wealth managers wind up allocating 1% to the space on behalf of their clients, helping their clients access the opportunities here that are hundreds and billions of…

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4 big questions following the Solana Accelerate conference

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

I spent much of last week running between conference venues and side events during Solana Accelerate in New York City. 

Conferences tend to be announcement-heavy affairs, and Accelerate didn’t disappoint, bringing major updates on Solana’s core infrastructure, Solana’s phone startup and tokenized equities. 

And as I pointed out last week, change is in the air. Competition is heating up, and formerly-hyped areas of Solana’s ecosystem are starting to lose their luster. 

To elucidate some of that potential change, here are four big questions I have after Accelerate.

1. What’s… Read more on Blockworks

NEW: USDC Issuer Circle Files for Public Listing on New York Stock Exchange

Circle Internet Group has officially filed for an initial public offering on the New York Stock Exchange aiming to raise up to $250 million. The company behind the popular USDC stablecoin will offer 24 million class A shares priced between $24 and $26. Of these 9.6 million shares are from Circle while 14.4 million will be sold by existing stakeholders. The ticker symbol will be CRCL.

The move signals a major step forward for Circle which has spent nearly four years trying to go public. Its earlier 2021 SPAC deal fell apart but now Circle is pushing ahead backed by major financial institutions including J.P. Morgan Citigroup and Goldman Sachs. The company also filed its S-1 with the SEC in April.

Circle’s IPO is a positive signal for the crypto industry and the USDC ecosystem. With support from crypto players like Coinbase and Ripple the listing could strengthen stablecoin adoption and bring more legitimacy to digital assets.

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As bitcoin treasury strategies proliferate, one company eyes big ETH buys

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

As corporate bitcoin treasury strategies proliferate, one firm is set to focus on buying ether at scale. 

We all know about Strategy’s relentless bitcoin purchases (it bought another 4,020 BTC last week) and how more companies are following its lead. 

Well, SharpLink Gaming revealed Tuesday that it intends to use the proceeds of a $425 million private placement to buy ETH. Ethereum co-founder Joseph Lubin is set to become SharpLink’s board chair. 

Shares of the Nasdaq-listed company were up roughly 400% on the day at 2 p.m. ET. 

“ETH is a scarce asset that has bouts of…

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Tariff reversal sends stocks higher

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Investors were once again reminded over the weekend that when it comes to the trade war, threats often do not become reality. 

US stocks were on the rise Tuesday, thanks to signs the US could be approaching a deal with the EU, as well as May’s better-than-expected consumer confidence survey. 

Let’s start with a trade war update. Today’s rally follows a long weekend of heightened tensions, after President Trump on Friday said he would impose a 50% tariff on the EU, sparking a selloff late in the session. By Sunday, though, he had announced a pause on the levies until July… Read more on Blockworks

Bitcoin Is Here To Stay, Says Former US Treasurer Rosie Rios

At the 2025 Bitcoin Conference in Las Vegas, the Co-Manager of President Trump’s 2024 Campaign Chris LaCivita, Congressman Brian T. Jack, the Chief Policy Officer of Coinbase Faryar Shirzad and Former US Treasurer Rosie Rios at the Nakamoto stage discussed the 250th birthday of the United States, Bitcoin, freedom, and crypto.

Rosie Rios emphasized that consumer behavior is very hard to change unless there is a shock to the system. She said she is amazed by the momentum of the level of change that has happened during these four months in terms of giving that green light to innovation to actually happen.

“You are gonna hear me say a lot, the train has left the station. Bitcoin is…

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Lyn Ulbricht Launches MACS At The 2025 Bitcoin Conference To Fight Cruel Sentencing

In a powerful statement against unjust sentencing, Mothers Against Cruel Sentencing (MACS), a nonprofit founded by Lyn Ulbricht, officially launched today at the 2025 Bitcoin conference. The group is dedicated to advocating for prisoners serving excessive and inhumane sentences and supporting the families affected by such punishments.

MACS seeks to unite voices from across the political divide and tech community to drive meaningful reform in sentencing laws.

“Multiple thousands of people, many of them nonviolent like Ross, are serving extreme sentences—locked away for years, decades, even lifetimes,” said Ulbricht. “MACS aims to give families a voice to push for fair and…

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LATEST: Jack Dorsey’s Block Launches Bitcoin Payments on Square Platform

Block Inc has announced that Square will soon support bitcoin payments allowing merchants to accept bitcoin directly through Square hardware. The feature will debut at Bitcoin 2025 in Las Vegas where attendees can try it firsthand. Powered by the Lightning Network this upgrade enables fast low-cost transactions and will begin rolling out in late 2025 with full availability expected in 2026 pending regulatory approval.

This move expands on Square’s Bitcoin Conversions launched in 2024 which lets sellers convert part of their sales into bitcoin automatically. Now with native bitcoin support Square offers a seamless way for businesses to accept digital payments helping realize bitcoin’s original peer-to-peer vision. Paying with bitcoin will be simple for customers using a QR code at checkout with Square handling the exchange rates and confirmations behind the scenes.

Block is also strengthening its broader bitcoin ecosystem with products like Bitkey a self-custody wallet and Proto a suite of mining tools. These efforts aim to make bitcoin accessible secure and truly decentralized for everyone.

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Sui shares details on $220M Cetus exploit, vows to step up security

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

We now know more about the bug that was exploited last week, resulting in over $220 million in frozen and stolen funds from the Sui-based DEX Cetus.

On Monday, Sui described the flaw as “a bug in a Cetus math library” and promised to commit $10 million to improving Sui’s security more broadly. That includes a bug bounty program, plus Sui-funded security audits for projects using the chain.

Blockchain security firm Dedaub explained that the attack involved intentionally misconfiguring a liquidity pool with an “extremely high value.”

“This allowed them to add massive liquidity…

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StarkWare launches new consumer-grade hardware ZK prover

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More than a year after its initial announcement, StarkWare is today launching S-two (STARK Two) in public alpha.

S-two is a next-generation zero-knowledge STARK prover fast enough to run natively on consumer hardware. Developers will be able to start building with S-two today.

According to a press statement, S-two will be able to generate STARK proofs “directly on phones, laptops and browsers…enabling smooth mobile experiences, fast browser-based apps and new classes of client-side privacy and AI applications.”

A full Starknet integration is slated for later this year.

Various…

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