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…

Read more on Blockworks

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…

Read more on BitcoinMagazine

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…

Read more on BitcoinMagazine

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.

Source

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…

Read more on Blockworks

StarkWare launches new consumer-grade hardware ZK prover

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

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…

Read more on Blockworks

The Bitcoin Mempool: Private Mempools

In the last Mempool article, I went through the dynamics of transaction propagation when different nodes on the network are running different mempool relay policies. In this piece I’ll be looking at the dynamics of private mempools, and the implications that has for the utility of the public mempool, mining incentives, and the health of the Bitcoin network overall. 

At the heart of the purpose of the mempool is facilitating the aligned incentives of two different parties, miners and transacting users. Users want to transact, and are willing to pay miners’ transaction fees in order to do so. Miners want to make money, and transaction fees are an additional source of revenue in…

Read more on BitcoinMagazine

Asigna Raises $3M Funding And Launches Bitcoin Multisig V2 Upgrade

Asigna, a smart multisig vault operator for Bitcoin, has raised $3 million in a funding round led by Hivemind and Tykhe Block Ventures, with participation from Sats Ventures, Trust Machines, and others, according to an exclusive press release sent to Bitcoin Magazine. The raise follows a pre-seed round led by Portal Ventures.

“With Asigna, we are establishing foundational infrastructure for institutions and large holders to securely and confidently participate in the evolving Bitcoin ecosystem,” said the Co-Founder of Asigna Viven. “There’s a critical need for robust, transparent, and programmable non-custodial solutions, and the multisig infrastructure is at the heart of this…

Read more on BitcoinMagazine

Bitlux Announced Private Jet Cards Accepting Bitcoin And Crypto Payments

Bitlux, a global private aviation company with charter solutions based on blockchain technology, just announced the industry’s first cryptocurrency-enabled Private Jet Card Program at the 2025 Bitcoin Conference.

“Bitcoin 2025 convenes innovators who are defining the future of money, mobility, and freedom,” stated Patel. “Our Jet Card is a natural continuation of that dialogue. We’re not just keeping up – we’re setting the new benchmark for what’s possible in luxury flight.”

The Bitlux Jet Card allows clients to fund their accounts using Bitcoin, and other cryptocurrencies. By integrating Bitcoin payments with private aviation, Bitlux aims to deliver…

Read more on BitcoinMagazine