Skull, $5 Million; Banana, $6 Million; Freedom, Priceless

“It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.” 

This message was posted by Satoshi Nakamoto to BitcoinTalk on December 11, 2010. A couple of months later, in February 2011, the Silk Road marketplace was launched, and only a couple months after — on April 23, 2011 — Satoshi posted his last message.

In October 2013, Ross Ulbricht was captured by the FBI and the Silk Road fell — only to be replaced by a thousand more copycat marketplace sites. The rest is Bitcoin history.

Ross Ulbricht chose to center his Bitcoin 2025 keynote speech around an experience he had clearing…

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What does ‘stablecoin summer’ look like?

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

In the wake of Circle’s IPO and Plasma’s token sale, stablecoins are undisputedly in vogue.

Meanwhile, the US Senate is going into a final vote on the landmark stablecoin bill, dubbed the GENIUS Act, this week.

What does the stablecoin landscape look like today?

First, total stablecoin supply remains up and to the right — $249 billion in the last week. USDT and USDC represent the lion’s share of stablecoins, about 88% ($218 billion) of the entire stablecoin market put together.

Source: Blockworks Research

Okay, stablecoin supply is growing, but how are they being…

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The CLARITY Act Heads To House Floor For Vote With Protection For Noncustodial Tools Intact

Yesterday, The CLARITY Act passed favorably through the House Agriculture and Financial Services Committees with 47-6 and 32-19 bipartisan votes, respectively.

While a handful of amendments will be incorporated into a revised version of the bill, none of said amendments will alter a recently-added section of the bill that regards noncustodial products and services.

To clarify, on Monday, language from The Blockchain Regulatory Certainty Act (BRCA) was added to The CLARITY Act.

This language, included in Section 110 of The CLARITY Act, is focused on non-controlling (noncustodial) blockchain developers and blockchain service providers.

The exact wording in the bill is as…

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LATEST: Payment Firm Stripe to Acquire Crypto Wallet Provider Privy

Stripe has agreed to acquire crypto wallet startup Privy marking another bold step in its expansion into digital assets. This follows its recent $1.1 billion purchase of stablecoin platform Bridge as reported by Bloomberg. While the Privy deal’s financial terms remain undisclosed it reflects Stripe’s deepening interest in building crypto-friendly tools for businesses.

Privy launched in 2021 helps companies integrate crypto wallets directly into their platforms making onboarding smoother for users. Clients include NFT giant OpenSea loyalty app Blackbird and HR firm Toku. Privy removes the need for third-party wallet setups which often disrupt user experience. The startup was last valued at $230 million in March 2025.

Stripe confirmed Privy will continue to operate independently like Bridge. This move enhances Stripe’s goal to provide end-to-end crypto infrastructure. It also supports Stripe’s growing stablecoin projects such as merchant accounts funded by USDC and USDB. The acquisition is expected to finalize in the coming weeks.

Bloomberg

Stripe Acquires Startup Privy To Expand Bitcoin Strategy

Today, Stripe Inc. announced that it has acquired Bitcoin and crypto wallet infrastructure provider Privy, marking its second major digital asset focused acquisition following its $1.1 billion purchase of stablecoin firm Bridge earlier this year.

1/ Today, we’re proud to announce that Stripe is acquiring Privy.

We couldn’t be more excited.

Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users. pic.twitter.com/8CHJqhqYy7

— Privy (@privy_io) June 11, 2025

Privy specializes in helping companies embed Bitcoin and crypto wallets directly into their apps and websites. For example,…

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Everything in Bitcoin is decentralized — except the blocks

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

Eleven years ago to the day, the Bitcoin space was grappling with the ballooning hash rate of one massively popular mining pool: Ghash.io.

Ghash, which was owned by CEX.io (an exchange still operating today) was widely considered the best mining pool in 2014. It had automatic payouts and ultra-low fees, and it even shared transaction fees with the entire pool, whereas others tended to keep those for themselves.

There was also clear and responsive tooling for tracking hash rates and incomes, and it supported more merge-mined coins than any other pool. Users could even trade hash rate and…

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Evertz Pharma Becomes First German Company With Strategic Bitcoin Reserve, Adds 100 BTC To Treasury

Evertz Pharma GmbH, a company focusing on premium natural cosmetics, has become Germany’s first company to adopt a strategic Bitcoin reserve model by purchasing an additional 100 BTC in May 2025—valued at approximately €10 million (~$10.8 million USD), according to a press release. 

The adoption marks a continued expansion of the company’s BTC treasury, which began in December 2020 with an initial €2 million Bitcoin purchase. Since then, Evertz Pharma has regularly allocated corporate profits toward Bitcoin, building a digital reserve aimed at long term stability. 

“Our mission is to promote natural beauty on a scientific foundation,” said Dominik Evertz,…

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LATEST: Public Firm Mercurity Fintech Raising $800 Million to Acquire Bitcoin Holdings

Mercurity Fintech Holding Inc. has announced plans to raise $800 million to build a long-term Bitcoin treasury reserve. The move signals a bold step toward integrating blockchain into its financial infrastructure. The company aims to acquire and manage Bitcoin through blockchain-native custody and tokenized treasury tools to create a yield-generating reserve.

The strategy involves shifting part of Mercurity’s treasury into Bitcoin with the goal of strengthening its balance sheet and aligning with the future of digital finance. CEO Shi Qiu said the initiative reflects strong belief in Bitcoin’s role as a core financial asset. The company is also working to implement staking and liquidity protocols to increase capital efficiency.

Mercurity is also set to be included in the Russell 3,000 and Russell 2,000 Indexes as part of the FTSE Russell 2025 annual update. This upgrade from the Microcap Index may expand exposure to institutional investors and reflects growing confidence in Mercurity’s blockchain-based strategy.

Source

Cantor Fitzgerald, Wall Street Companies Will Lower Crypto Lending Costs, SALT CEO Says

The influx of traditional finance giants like Cantor Fitzgerald and banks into crypto lending is a net positive that will lower capital costs, but crypto-native lenders must leverage their expertise and community trust to remain competitive, said Shawn Owen, CEO of SALT Lending.

Speaking with Benzinga, Owen emphasized that these institutions will likely partner with firms like SALT to navigate the complexities of digital asset lending.

“The entrance of players like Cantor Fitzgerald and traditional banks into crypto lending is a net positive, it will likely drive down the cost of capital as more institutions look to earn yield through Bitcoin BTC/USD and digital asset exposure,” Owen said….

Read more on Benzinga

LATEST: Japanese Firm Remixpoint Purchases 50 Bitcoin Worth ¥793.9 Million

Japanese public company Remixpoint Inc has made a bold move by purchasing an additional 50.0466 Bitcoin for nearly ¥793.9 million. This latest acquisition reflects the company’s strong confidence in digital assets and aligns with its ongoing crypto investment strategy. The purchase price averaged ¥15.86 million per Bitcoin based on June 10 spot rates.

Following this buy Remixpoint now holds over 925 Bitcoin with a total crypto portfolio fair value exceeding ¥15.7 billion. The company’s overall unrealized gain stands at a remarkable ¥2.34 billion. Holdings also include Ethereum Solana Ripple and Dogecoin showing a well-diversified crypto position.

Remixpoint plans to continue revaluing its crypto assets quarterly and will reflect any gains or losses in its financial results for the fiscal year ending March 2026. With crypto markets remaining active the firm’s proactive investment approach signals long-term bullish sentiment and may drive further growth if current trends continue.

Source