Immutable teases ‘multibillion dollar’ collab that could be its game with Ubisoft

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Immutable co-founder Robbie Ferguson wrote on Tuesday morning: “Tomorrow we announce the outcome of a multibillion dollar partnership that’s been in the works for 2+ years.” 

While we didn’t hear anything from Immutable by publication time, it could be about their game with Ubisoft.

Immutable’s partnership with Ubisoft’s Strategic Innovation Lab was first announced in November 2023.

During an on-record interview at the Game Developers Conference in March, Immutable Chief Studio Officer Justin Hulog told Blockworks that he has been “working on co-developing a game with Ubisoft…

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Yield Basis wants to be DeFi’s ‘Bitcoin black hole’

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Michael Egorov is no stranger to token incentive mechanisms. As the founder of Curve, he pioneered vote-escrow (ve) tokenomics to juice the growth of the stablecoin AMM. But his new protocol, Yield Basis, is built for a different kind of user: “people who want to earn something on mostly Bitcoin,” as Egorov told Blockworks.

At its core, Yield Basis is an attempt to eliminate LP impermanent loss by leveraging liquidity. Egorov explains: “If you leverage liquidity by a factor of two and keep this leverage, then the pricing of liquidity which gives you impermanent loss actually…

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A year after the Bitcoin halving, how much does 1 BTC cost to mine?

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

We all know halvings double the cost of production, a fact the media tends to dress up as an existential threat to Bitcoin every four years.

Miners seeking profit must also contend with fluctuating difficulty and energy costs. But if the price goes up, at least they’d get more money for every coin they mine.

At $88,500, bitcoin is ahead by 36% since the halving. More importantly, it’s up 130% on the average price during the last phase of the prior halving cycle (more than double!)

As it goes, high prices attract more miners, which have driven bitcoin’s total hash rate to all-time…

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CitizenX Acquires Plan B Passport

April 22, 2025 — CitizenX, the Swiss-based technology firm, announced today the acquisition of Plan B Passport, a trailblazing firm specialized in helping HNWIs and families navigate the investment migration space.

Katie “The Russian” Ananina, Plan B’s founder, is set to join CitizenX as CMO, bringing along her over 50,000 followers on X and experienced team renowned for bold, client-centric solutions.

Plan B Passport’s core ethos—“Limit your dependency on any one particular state by obtaining a second passport”—resonates seamlessly with CitizenX’s commitment to helping clients diversify their passport portfolios with privacy-focused technologies and…

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CitizenX Acquires Plan B Passport To Accelerate Sovereign Individual Movement

Katie “The Russian” Ananina’s Citizenship by Investment company, Plan B Passport, announces a merger with CitizenX, unlocking a new suite of passport diversification options for Bitcoiners.

Digital-first and ‘crypto’—as in cryptography—native, the merger combines Plan B Passport’s deep connections in the Bitcoin industry with the Swiss CitizenX platform’s privacy technology and expertise.

“The whole Plan B Passport team is joining CitizenX to work together now,” Katie told Bitcoin Magazine, “and I’m joining the company as Chief Marketing Officer.”

CitizenX, the Swiss Citizenship by Investment company and high-tech platform, boasts end-to-end encryption and…

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LATEST: Bitcoin ETFs Experience $381 Million Inflows Highest Since January

Bitcoin exchange-traded funds in the US recorded their biggest single-day net inflows since January signaling renewed investor confidence in the crypto market. On April 21 the 11 Bitcoin-tracking ETFs pulled in a combined $381.3 million according to data from CoinGlass.

Leading the charge was the ARK 21Shares Bitcoin ETF which attracted $116.1 million in fresh investments. Fidelity’s Wise Origin Bitcoin Fund followed with $87.6 million while Grayscale’s GBTC and Mini Trust ETF brought in $69.1 million together. BlackRock’s iShares Bitcoin Trust also saw strong support with $41.6 million in inflows.

This surge comes after a challenging few weeks for crypto ETFs due to market uncertainty and global tariff tensions. Bitcoin prices had dipped to a low of $74773 earlier in April but are now showing signs of recovery. The latest inflows mark a bullish shift as investors rally behind crypto’s long-term growth potential.

 CoinGlass Data

$5,000 Calling: Will Pectra Lift Ethereum To Its Next All-time High?

After losing more than half its value for the year-to-date, sagging Ethereum (ETH) could be readying for a resurgence. 

On May 7th the number two blockchain’s long-awaited Prague-Electra (Pectra) upgrade will leave the testnet and move to go-live. It promises to improve user experience, enhance network efficiency, lower gas fees and make life easier for institutions looking to bring assets and services into the DeFi ecosystem.

Removing barriers to entry for TradFi is crucial. Pectra accommodates bigger staking positions by reducing the need for multiple network nodes. With a less onerous process, Ethereum caretakers hope to create stronger liquidity lockups and an environment…

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The Gold Bug Caught Holding ‘Digital Gold’

Peter Schiff has built a career on deriding Bitcoin. The outspoken gold evangelist and fund manager famously scoffed in 2019, “Keep dreaming. Bitcoin is never going to hit $100,000!”1. To Schiff, the world’s largest cryptocurrency has long been nothing but “digital fool’s gold” – a speculative bubble destined to pop, or as he put it in 2023, “still going to zero…just traveling a long road”2. Yet in a twist laced with irony, recent disclosures reveal that Schiff’s own asset management arm quietly gained exposure to a bitcoin-backed bond late last year. In other words, the man who equated bitcoin with tulip mania now finds his firm unwittingly invested in a bond…

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Bitcoin Is Decoupling—and It Doesn’t Care About Tariffs Or Earnings Reports

Bitcoin’s decoupling from traditional markets is becoming more visible as global capital stress intensifies. A resurgence of tariffs, elevated interest rates, and softening corporate earnings have introduced renewed volatility across equities and credit markets. Many large-cap companies are underperforming, weighed down not by fundamentals alone, but by geopolitics, trade policy, and policy uncertainty.

And yet—Bitcoin price is gaining ground.

Its movement is not erratic. It is not detached from reality. It is increasingly independent—not just in terms of asset performance, but in the forces that drive it. Bitcoin is beginning to behave less like a high-beta equity instrument and…

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