Markets recover on jobs surprise amid political feud tensions

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I was watching CNBC yesterday afternoon (and the French Open, don’t tell my boss) hoping to catch a glimpse of the NYSE exchange floor when Circle started trading, but a bigger story quickly dominated the news cycle. 

Fortunately for Circle shareholders, the political drama had seemingly no impact on shares of the newly-public stablecoin company. Trading under the ticker CRCL, the stock debuted more than 120% above IPO price. Demand was alive and well today, too, with more than 20 million shares traded before 11 a.m. ET. 

Back to that other big story, though. The biggest bromance…

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LATEST: Agricultural Commodity Firm Davis Commodities Buys $4.5M Bitcoin as Digital Gold

Davis Commodities has secured approval for a $30 million fundraising initiative with a strong focus on Bitcoin integration. The company will allocate $4.5 million of the funds in the first phase to build Bitcoin reserves aiming to boost asset diversification and enhance financial resilience. Management sees Bitcoin as a strategic hedge against inflation and a valuable store of wealth.

Bitcoin’s fixed supply and rising global acceptance have made it a key player in the financial world. Davis Commodities plans to adopt a phased approach using a mix of Bitcoin spot ETFs and secure cold wallet storage. This move reflects the growing shift toward non-sovereign digital assets for long-term stability and liquidity.

The company believes Bitcoin could play a bigger role in global trade as more countries recognize cryptocurrency. By incorporating digital assets and advanced risk management Davis Commodities aims to stay ahead in innovation support operational flexibility and ensure sustained growth in a changing economic landscape.

Source

Umbrella reshapes Aave staking – Blockworks

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

Aave’s new Umbrella staking system went live yesterday, replacing the protocol’s once-theoretical insurance model with an onchain, automated safety net tied directly to individual assets. 

The USDC and USDT vaults currently have yields greater than 10% on offer. But for GHO — Aave’s bespoke stablecoin — a mismatched reward structure is creating an odd dynamic for GHO holders in search of yield.

Since 2020, Aave’s Safety Module (SM) has served as a kind of backstop — stkAAVE and AAVE-ETH LPs (stkABPT) could be slashed in theory, but governance votes and political incentives…

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Dogecoin Down 10% On The Week: Is The Musk-Trump Spat Bearish For DOGE?

Dogecoin DOGE/USD continues to slide, down over 10% on the week, coinciding with escalating tensions between https://www.benzinga.com/markets/market-summary/25/06/45809203/investors-pay-the-price-as-musk-trump-war-of-words-escalates-once-allies-now-foes-their-linked-stocks-crypto-and-funds-wipe-out-155-billion-in-a-single-day.

What Happened: Prominent crypto analyst Kevin noted in an update in his exclusive Patreon group that Dogecoin has now retraced to the 0.382 Fibonacci level after breaking below the critical 0.5 support, a move that aligns with oversold daily indicators.

While DOGE and other altcoins show early signs of attempting to reverse bearish momentum on the 4-hour and daily…

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‘MicroStrategy Of Asia’ Metaplanet Aims To Acquire Over 210,000 BTC By The End Of 2027

Metaplanet Inc. widely recognized as Japan’s leading Bitcoin treasury company, has announced a major update to its Bitcoin accumulation strategy, unveiling the “555 Million Plan” aimed at acquiring over 210,000 BTC by the end of 2027, which is equivalent to 1% of Bitcoin’s total supply.

This new target marks a dramatic increase from the company’s earlier “21 Million Plan,” which aimed for just 21,000 BTC by 2026. Progress far outpaced expectations, with 8,888 BTC already secured as of June 2, prompting the strategic shift.

To fund this growth, Metaplanet has launched Asia’s largest Bitcoin-focused equity raise, aiming to secure ¥770.9 billion…

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Know Labs, Inc. Announces Adopting A Bitcoin Treasury Strategy, Starting With 1,000 Bitcoin

Know Labs, Inc. (NYSE American: KNW) announced entering into an agreement with Goldeneye 1995 LLC and the Ripple Chief Risk Officer Greg Kidd to acquire a controlling interest in the Company. Following the completion of the transaction, Mr. Kidd will become Chief Executive Officer and Chairman of the Board of Directors of the Company and Founder Ron Erickson will become Vice Chairman of the Board.

Under the agreement, the Buyer will acquire shares of Know Labs’ common stock by dividing the total value of 1,000 Bitcoin and a cash amount, designated to pay down existing debt, redeem outstanding preferred equity, and provide additional working capital. For every share purchased…

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WisdomTree: Blockchain Adoption Mirrors Amazon’s Rise

WisdomTree‘s head of product Jason Guthrie says the blockchain industry is in its “selling books” phase similar to Amazon’s early days, with massive expansion ahead as financial services adopt on-chain infrastructure to reduce costs and improve efficiency.

“Right now as an industry we’re selling books but we’re going to go into all of these new spaces,” Guthrie told Benzinga at Consensus 2025, drawing parallels between crypto’s current state and Amazon’s evolution from bookseller to cloud computing giant.

“Anyone that saw Amazon in the ’90s would never have pictured AWS.”

WisdomTree, a traditional asset management firm with $115 billion in assets under management,…

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LATEST: Investor Greg Kidd Buys Know Inc to Purchase 1,000 Bitcoin Worth $100M

Know Labs has announced a major leadership shift as fintech investor and former Ripple Chief Risk Officer Greg Kidd steps in as CEO and Chairman. His firm Goldeneye 1995 LLC is acquiring a controlling stake in the health-tech company through a deal involving 1,000 Bitcoin and cash to retire debt and boost operations.

This move marks a bold step into crypto with Know Labs adopting a Bitcoin-focused treasury strategy. The Bitcoin holdings will become a key asset on the company’s balance sheet representing 82% of market capitalization. The firm will also use a new valuation metric based on net asset value to better reflect its crypto holdings and attract forward-thinking investors.

Founder Ron Erickson will take on the role of Vice Chairman and lead a new division focused on non-invasive health diagnostics. The deal is seen as a transformative moment aligning the company with digital finance and long-term growth through crypto integration. The transaction is expected to close in Q3 2025.

Source

Bitcoin Layer 2: Ark

Ark is a novel off-chain transaction batching mechanism originally proposed by Burak, a young Turkish developer. There are currently two implementations being built, one by Ark Labs, and the other by Second, neither of which Burak is involved with. 

The original proposal for Ark was much more complicated, and involved some design goals more focused around privacy than the implementations currently being built. It was also originally envisioned to require CHECKTEMPLATEVERIFY (CTV) in order to be built. 

The protocol depends on a central coordinating server in order to function properly, but despite that is able to provide the same functionality and security guarantees that the…

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Mapping Bitcoin’s Bull Cycle Potential

Bitcoin’s Market Value to Realized Value, or MVRV ratio, remains one of the most reliable on-chain indicators for identifying local and macro tops and bottoms across every BTC cycle. By isolating data across different investor cohorts and adapting historical benchmarks to modern market conditions, we can generate more accurate insights into where Bitcoin may be headed next.

The Bitcoin MVRV Ratio

The MVRV Ratio compares Bitcoin’s market price to its realized price, essentially the average cost basis for all coins in the network. As of writing, BTC trades around $105,000 while the realized price floats near $47,000, putting the raw MVRV at 2.26. The Z-Score version of MVRV…

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