Swimming in red: Fluid’s ETH-USDC pool springs a leak

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Fluid’s flagship ETH-USDC pool has recorded more than $8.5 million in cumulative losses since launch, according to a Dune dashboard by Paradigm researcher Dan Robinson. The issue: a rebalancing mechanism that not only underperformed during volatility, but appears to be systematically unprofitable, even outside of rebalance windows.

The pool, launched in December 2024, was designed to auto-rebalance liquidity once ETH’s price moved beyond ±10%. That design worked well during periods of modest volatility, but as ETH dropped from around $3,800 to $1,560 and then rebounded to $2,400,…

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VNBTC Launches as the Leading Cloud Mining Platform in 2025, Offering Free $79 Bonus and Multiple Income Streams

London,UK, May 19, 2025 (GLOBE NEWSWIRE) — VNBTC, a global leader in cryptocurrency cloud mining, is transforming the passive income landscape for 2025 with its secure, scalable, and user-friendly mining platform. Tailored for both beginners and experienced crypto investors, VNBTC offers free access to mining with a $79 bonus and multiple revenue streams, delivering exceptional earning potential.

As interest in decentralized finance (DeFi) and digital assets continues to rise following Bitcoin’s latest halving, VNBTC stands out by offering users multiple avenues to generate daily crypto income—without the need for expensive hardware, technical expertise, or high upfront costs.

Free…

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Metaplanet Acquires 1,004 Bitcoin, Raising Total Holdings To 7,800 BTC

Metaplanet, known as Japan’s leading Bitcoin treasury company, has announced the acquisition of 1,004 Bitcoin for approximately $104.3 million, at an average price of around $103,873 per BTC. This latest purchase brings the company’s total Bitcoin holdings to 7,800 BTC.

Metaplanet started accumulating Bitcoin in April 2024 with about 98 BTC, costing around 1 billion yen. By the end of 2024, they had increased their holdings to nearly 1,762 BTC with a cost basis of about 20.9 billion yen. After officially launching their Bitcoin Treasury Operations on December 18, 2024, the company rapidly expanded their Bitcoin holdings, reaching 7,800 BTC by May 19, 2025. This growth was funded…

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Metaplanet Acquires 1,004 Bitcoin, Raising Total Holdings To 7,800 BTC

Metaplanet, known as Japan’s leading Bitcoin treasury company, has announced the acquisition of 1,004 Bitcoin for approximately $104.3 million, at an average price of around $103,873 per BTC. This latest purchase brings the company’s total Bitcoin holdings to 7,800 BTC.

Metaplanet started accumulating Bitcoin in April 2024 with about 98 BTC, costing around 1 billion yen. By the end of 2024, they had increased their holdings to nearly 1,762 BTC with a cost basis of about 20.9 billion yen. After officially launching their Bitcoin Treasury Operations on December 18, 2024, the company rapidly expanded their Bitcoin holdings, reaching 7,800 BTC by May 19, 2025. This growth was funded…

Read more on BitcoinMagazine

Strategy, Metaplanet take bitcoin treasuries to new all-time high

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

Stacking sats?

Chances are you’d be buying alongside any one of the dozen or so companies that are actively accumulating right now.

An estimate of the number of bitcoins held by corporate treasuries, both private and publicly-listed, has today reached a new all-time high: 1,082,164 BTC ($110.8 billion), according to BitcoinTreasuries.

It’s equivalent to almost 5.5% of the current circulating supply. And if we don’t include Satoshi’s million or so coins, or the estimated 1.57 million BTC believed to be lost forever, corporate treasuries are actually holding 6.25%.

That’s…

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LATEST: Bitcoin Must Hit $110K to Ignite Altcoin Season Says Arthur Hayes

Crypto markets are gearing up for a surge according to Arthur Hayes co-founder of BitMEX who predicts Bitcoin is on the verge of breaking $110,000 and possibly reaching up to $200,000. Hayes forecasts this significant rally could begin as soon as June or early in the third quarter fueled by increased liquidity and higher trading volumes. He suggests such a rally is essential for a true altcoin boom although warns older cryptocurrencies might lag behind.

Hayes favors Ethereum over Solana for the coming bull market highlighting Ethereum’s stronger developer community deeper fundamentals and superior security from its proof-of-stake model. Despite Solana’s impressive recent gains Ethereum remains his top choice due to its larger ecosystem and higher overall market stability.

Looking further ahead Hayes is bullish on Bitcoin’s long-term potential projecting a staggering $1 million price by the end of a possible second Trump presidency in 2028. He argues excessive dollar liquidity from U.S. government financial strategies will boost Bitcoin and other risk assets significantly in the years ahead.

Source

Strategy Buys $765 Million Worth Of Additional Bitcoin

Strategy has acquired 7,390 Bitcoin for approximately $764.9 million, according to a Form 8-K filed with the Securities and Exchange Commission on Monday, as the company continues its aggressive Bitcoin accumulation strategy amid rising institutional adoption.

The business intelligence firm purchased the Bitcoin at an average price of $103,498 per coin between May 12 and May 18, funded through a combination of stock offerings. The company raised $705.7 million through an at-the-market (ATM) offering of Class A common stock, and an additional $59.7 million from issuing 621,555 shares of Series A STRK preferred stock.

This latest acquisition brings Strategy’s total Bitcoin…

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Crypto M&A picks up in May

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

You know what’s better than big, splashy M&A deals? 

A bunch of smaller ones that show the appetite isn’t just isolated to the top. 

Take, for example, three M&A deals announced last week: Alchemy acquiring DexterLab, 0x buying up Flood, and Gnosis buying HQ.xyz. 

That means that, so far in May, we’ve already seen a handful of acquisitions. Just last week, we had announcements from Robinhood, Alchemy, 0x, Anchorage and Gnosis.

Source: Blockworks Research

We certainly fared better last year than we did the year prior, but we’re already on track to surpass 2021 levels, thanks…

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JUST IN: Michael Saylor’s Strategy Buys 7,390 BTC for $764.9 Million

Major cryptocurrency player Strategy has acquired an additional 7,390 bitcoins worth approximately $764.9 million. The purchase took place at a high average price of $103,498 per bitcoin highlighting bullish confidence in bitcoin’s future value. This recent acquisition brings Strategy’s total holdings to a remarkable 576,230 bitcoins further solidifying its position as one of the largest institutional holders of cryptocurrency.

The year-to-date performance for Strategy is also impressive boasting a bitcoin yield of 16.3%. The significant growth demonstrates the ongoing strength and market momentum for bitcoin. Such moves by major financial institutions signal increasing mainstream acceptance and reinforce investor optimism about cryptocurrency adoption and stability.

As of May 18 2025 Strategy’s total investment in bitcoin stands at roughly $40.18 billion with an average acquisition price around $69,726 per bitcoin. This strategic expansion by the company may influence other corporate giants to follow suit potentially boosting bitcoin’s market value even further.

Source