KindlyMD, Inc. (NASDAQ: KDLY), a Utah-based healthcare services provider, has entered into a merger agreement with Nakamoto Holdings Inc., a Bitcoin-native holding company. The transaction, announced on May 12, 2025, includes $710 million in financing through a combination of private placement and convertible notes.

The merger will create a publicly traded company focused on establishing a Bitcoin treasury strategy, with $510 million raised through private placement in public equity (PIPE) at $1.12 per share and $200 million in senior secured convertible notes maturing in 2028.

David Bailey, founder of BTC Inc. and Nakamoto Holdings, will serve as CEO of the combined entity. Tim…

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Uniswap has officially surpassed $3 trillion in all-time trading volume making it the first decentralized exchange to reach this historic mark. The achievement was highlighted by founder Hayden Adams in a post on X on May 12 along with a live countdown from Dune Analytics showcasing the milestone.

The exchange is currently handling $3.3 billion in daily trading volume according to Dune. Data from DeFiLlama places Uniswap at the top of the decentralized exchange market with a 23% share. PancakeSwap follows closely with $2.7 billion in volume and a 21 market share showing strong competition among leading DEX platforms.

Uniswap’s total value locked sits just under $5 billion which is around half of its 2021 peak. The overall DeFi market also reflects this trend with total value locked hovering at $124 billion per DeFiLlama and $132 billion per DappRadar. Ethereum remains the dominant force in the DeFi ecosystem securing more than half of the market’s total value.

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Japanese investment firm Metaplanet has made a significant move by purchasing an additional $126.7 million worth of bitcoin. This latest acquisition brings the company’s total holdings to 6,796 BTC surpassing the bitcoin reserves of El Salvador. Metaplanet’s recent purchase of 1,241 BTC at an average price of $102,119 per bitcoin shows its commitment to expanding its crypto strategy.

CEO Simon Gerovich shared the news via X stating that the firm now holds $706.7 million worth of bitcoin based on current market prices. The firm aims to reach 10,000 BTC by the end of 2025. Metaplanet’s rise to surpass El Salvador highlights the growing influence of corporate bitcoin adoption in the global market.

Metaplanet began its bitcoin journey in April 2024 and has since financed its acquisitions through bond issuances. The company remains Asia’s largest publicly listed corporate bitcoin holder ranking 11th worldwide. The firm continues to challenge traditional financial systems with its strategic crypto investments.

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Bitcoin and other cryptocurrencies are seeing a surge in use during economic turmoil according to a new report by the Bank for International Settlements. The study shows crypto is gaining traction in countries facing high inflation costly money transfers or strict rules on moving money across borders. People are turning to Bitcoin and stablecoins like USDT and USDC as safer faster and cheaper alternatives when traditional financial systems fail.

The report highlights a sharp rise in cross-border crypto payments. Data shows these flows jumped from under $7 billion in early 2017 to over $800 billion by late 2021 before dipping during the crypto downturn. As of mid-2024 volumes have rebounded to around $600 billion. While Bitcoin once dominated 80 percent of these transactions its share now sits below 25% as users shift toward stablecoins for practical reasons.

Crypto use often spikes when governments impose capital controls or global financial stress increases. The report confirms that Bitcoin is no longer just an investment it is a critical tool in times of financial uncertainty.

BIS Report

Bitcoin is showing signs of deflation as the total supply excluding holdings by institutional players like Strategy₿ continues to decrease. According to Ki Young Ju, CEO and Co-founder of CryptoQuant, Bitcoin’s deflationary trend is becoming more prominent due to Strategy₿’s significant holding of over 555,000 BTC which is being kept off the market with no intention of selling.

The current buying pace of BTC by institutional investors such as MSTR outpaces the rate at which new Bitcoin is mined. This has led to an annual deflation rate of approximately -2.23%. In addition, other major institutional holders are likely contributing to this growing deflationary pressure.

With a shrinking supply of Bitcoin and increasing demand from institutional investors, this deflationary trend could have a significant impact on the cryptocurrency market. These developments are seen as bullish for Bitcoin in the long run.

Cathie Wood CEO of ARK Invest has confidently stated that Bitcoin is on track to reach a price target of $700,000 or more in the next few years. Speaking on CNBC’s Squawk Box, Wood emphasized ARK’s prediction that Bitcoin could rise by 580% from its current value by 2030. She mentioned that the base case for Bitcoin stands between $700,000 and $750,000 with the bullish case pushing it as high as $1.5 million.

Wood pointed to three key factors driving this price surge. These include Bitcoin’s growing market share as a store of value in competition with gold the increasing institutional interest and emerging market use cases. She noted that institutions are just beginning to explore Bitcoin and that millions more coins will be minted.

Wood also discussed the end of the US recession highlighting productivity gains spurred by artificial intelligence. She believes the economy will see a period of growth following the uncertainties around tariffs and rising inflation will remain under control.

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