LATEST: Adam Back Compares Selling Bitcoin to Playing a Bad House-rate Casino Game

Selling Bitcoin is like playing a losing game at a rigged casino says Adam Back CEO of Blockstream and one of the first people to support Bitcoin. Speaking in a recent interview he warned that trying to time the market is risky and often ends in losses. Back explained that despite Bitcoin’s sharp price swings its long term trend has always been upward.

He highlighted how Bitcoin has returned over 39,000% in the last decade rewarding those who held through the highs and lows. Back believes the extreme volatility is a normal part of fast growing assets and expects it to stabilize as adoption increases. The idea of diminishing returns may not apply this cycle due to new market dynamics.

Support for Bitcoin is growing among big players including corporations and even governments. Abu Dhabi invested over $400 million in a Bitcoin ETF while US states like Texas and New Hampshire have moved to create Bitcoin reserves. Even President Trump has backed a national Bitcoin strategy.

Interview

LATEST: Metaplanet Issues $50 Million in Bonds to Boost Bitcoin Holdings

Tokyo-listed Metaplanet has announced a new $50 million bond issuance to strengthen its Bitcoin acquisition strategy. The company continues to aggressively expand its digital asset holdings using zero-interest bonds exclusively subscribed by Cayman Islands-based EVO FUND. This latest 16th series brings total bond proceeds to nearly $100 million.

Each bond is valued at $1.25 million and will be fully redeemed at par. Funds raised from the issuance will be used solely to purchase Bitcoin as part of Metaplanet’s treasury diversification plan. The company stated the move will have limited short-term financial impact but future updates will be provided if major changes occur.

Despite rising short interest and questions over its valuation Metaplanet is pressing ahead with expansion. A Florida-based subsidiary was recently launched to enhance institutional access to Bitcoin in the US. CEO Simon Gerovich confirmed plans for up to $250 million in capital to further scale operations and deepen its crypto strategy.

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“We’re Going To The Moon”

In an interview at the Bitcoin 2025 Conference today, Rumble Founder and CEO Chris Pavlovski sat down with Don Trump Jr. to talk free speech, Bitcoin, and a seismic shift in the financial system—fueled by the current administration’s pro-crypto stance. 

“I wasn’t an early adopter like so many people in the room who were here in 2012,” Trump Jr. admitted. “We were real estate guys. Finance was always easy for us.”

Trump Jr. revealed that TMTG and Truth Social are forming a Bitcoin treasury to the tune of $2.5 billion—a move he called “a pretty big deal.” The announcement comes alongside new partnerships, including one with mining giant Hut 8, and the launch of a…

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US Senator Cynthia Lummis Discusses Bitcoin Reserve, Stablecoin Legislation, And Market Structure Bill At Bitcoin 2025 Conference

At the 2025 Bitcoin Conference in Las Vegas, U.S Senator Cynthia Lummis and CLO of Coinbase Paul Grewal discussed the market structure bill, stablecoin bill, future taxing system, bitcoin strategy reserve and bitcoin mining. 

Cynthia Lummis started by commenting about the market structure bill and stablecoin bill.

“The market structure bills is probably more important to a lot of the people in this conference than the stablecoin bill because there are a lot of businesses, yours among them,” said Lummis. “There are businesses for people who either buy and hold, so they want a custodial service or there are companies that lend Bitcoin, there is a futures market for Bitcoin, there…

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Cowbolt Announces Their Mission To Make Bitcoin Familiar To Everybody

Today at the Bitcoin Conference in Las Vegas, Cowbolt, an app that lets you split expense payments and settle in bitcoin, will launch their mission: turn peer-to-peer payments into a Bitcoin onramp, starting with family and friends.

Cowbolt will let their clients split costs and settle instantly using Bitcoin and USDT, with no middlemen, no bank friction and with self-custody. They will try to convert everyday transactions into Bitcoin adoption. 

“We believe the most powerful onramp to Bitcoin isn’t an exchange — it’s people,” said the co-founder of Cowbolt Daniel Ekström. “That’s why we built Cowbolt. For friends, not hedge funds.”

What Cowbolt will bring to the…

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The spirit of ’68: How capital markets made America wealthy

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

“The chief business of the American people is business.”

— Calvin Coolidge

When Ross Perot’s “computer facilities management” startup Electronic Data Systems was listed on the stock exchange in 1968, the shares were offered at 118x earnings.

It was an eye-popping valuation at the time — especially given the risks. 

EDS “is in a precarious position,” Fortune noted shortly after its IPO. “It has only a few customers, and three of them accounted for a total of 64% of revenues during fiscal 1968.”

But those were the kinds of risks that investors were keen to…

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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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