Move to Fully Custodied, Bitcoin-Only Loan Model

George Town, Grand Cayman — Ledn, one of the longest-standing digital asset lenders, today announced a sweeping update to its platform to discontinue any lending of client assets to generate interest, meaning that client assets will never be exposed to third party lending credit risk.

Going forward, Ledn will only offer its Custodied Bitcoin loan structure, under which client bitcoin collateral will remain fully in custody either with Ledn or its trusted funding partners.

As part of this strategic shift, Ledn will also remove support for ETH, doubling down on Bitcoin as its sole digital asset focus. These changes were unveiled by the company at Bitcoin 2025 in Las… Read more on bitcoinnews

The Citadel (v. Nardo): From Meme To Monument

My latest painting, The Citadel (v. Nardo), did not begin simply on canvas. It began as a whisper – an image passed digitally between anonymous hands, reposted, remixed, archived, and mythologized across the internet. Like many of my works, this piece builds from historical fragments and symbols, grounded in the belief that memes are not fleeting – they are foundational. They don’t just reflect culture, rather, they write it.

Last year in 2024, I presented a solo show in Abu Dhabi centered around the fact that Subway – the sandwich chain – was one of the first fast food restaurants to accept Bitcoin. That small historical detail became the seed of a larger conceptual…

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Bitcoin Rally Has Room To Run, Says Morgan Creek’s Mark Yusko

Mark Yusko, the founder and CIO of Morgan Creek Capital, believes the ongoing Bitcoin BTC/USD rally is far from over.

What Happened: Speaking as Bitcoin surpassed a new all-time high near $111,000, Yusko said the asset’s upward trajectory is backed by deep structural forces and a fundamental shift in how the global economy treats money.

“This idea that we should be surprised that we keep making all-time highs? Of course we’re going to make new all-time highs,” Yusko said, pointing to the rapid devaluation of fiat currencies. “We printed 80% of all the dollars that ever existed in the last five years.”

Unlike traditional assets like stocks and bonds, Yusko emphasized that Bitcoin’s…

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LATEST: Michigan Lawmakers Propose Four New Crypto Bills

Michigan is taking major steps toward embracing cryptocurrency with four new bills introduced by lawmakers aimed at supporting digital assets and blockchain innovation. Representative Bill Schuette filed House Bill 4510 allowing the state to invest in crypto assets like Bitcoin and Ether through regulated exchange-traded products. This move opens the door for crypto to become part of Michigan’s public retirement portfolio.

Another bill HB 4511 led by Representative Bryan Posthumus would ban state authorities from restricting crypto use or supporting a central bank digital currency. It ensures residents can use digital assets freely without needing special licenses and blocks state-level CBDC endorsement.

Lawmakers are also targeting crypto mining. HB 4512 would launch a Bitcoin mining program at abandoned oil and gas sites requiring clear legal and financial documentation from interested miners. A related bill HB 4513 updates state tax law to include income earned from these mining efforts. This four-bill package signals Michigan’s strong support for crypto growth and innovation.

House Bill 4510

House Bill 4511

House Bill 4512

House Bill 4513

LATEST: Australian Firm Monochrome Bitcoin ETF Reaches 550 BTC in Holdings

Australian digital asset investment firm Monochrome Bitcoin ETF (IBTC) has hit a new record with $94.67 million AUD in assets under management as of May 22 2025. The fund now holds 550 bitcoin becoming a strong indicator of growing demand for regulated bitcoin exposure through traditional investment channels.

As the first ETF in Australia to directly hold bitcoin IBTC offers investors a trusted secure way to invest in bitcoin without handling the digital asset themselves. From just over $54 million in early May to nearly $95 million the fund’s growth has been rapid and consistent showing powerful momentum in crypto-based investment products.

Strong investor interest in IBTC shows bitcoin is becoming a serious part of mainstream portfolios in Australia. With this success Monochrome is leading a new era of regulated crypto investments giving Australians safer access to the potential of digital assets.

LATEST: Bitcoin Open Interest Hits Over $80 Billion as Price Drops Under $111K

Bitcoin futures open interest has soared to an all-time high signaling growing confidence in a major price rally. On May 23 open interest crossed $80 billion on crypto derivatives platforms marking a 30% rise since the start of the month. Traders are heavily betting on Bitcoin reaching new peaks with large positions placed using borrowed funds.

Analysts believe the surge reflects strong market optimism fueled by spot Bitcoin ETF inflows which added over $2.5 billion this week. This could help stabilize the market against the risk of mass liquidations from high leverage positions. Bitcoin options markets show similar excitement with over $1.5 billion in bets at $110,000 and $120,000 strike prices on Deribit and over $1 billion more at higher levels.

About $2.76 billion in contracts are set to expire on May 23 with a put to call ratio of 1.2% suggesting more short bets than long. The max pain point is at $103,000 where most losses will be concentrated.

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15 Years Since 10,000 BTC Bought Two Pizzas And Changed Everything

On May 22, 2010, Bitcoin became more than just an idea—it became real money. Laszlo Hanyecz, a developer and early contributor to Bitcoin’s codebase, posted a casual offer: “I’ll pay 10,000 bitcoins for a couple of pizzas.” Five days later, someone took him up on it. Two Papa John’s pizzas were delivered. A screenshot was posted. Bitcoin had entered the real world. 

That 10,000 Bitcoin, worth about $41 at the time, is now valued at over $1.1 billion. And with Bitcoin hitting a new all-time high of $111,999 on the 15th anniversary of the transaction, the story of the “Bitcoin Pizza” carries more weight than ever.

It wasn’t just about the pizza. This was the moment…

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The Freedom Issue: Letter From The Editor

Bitcoin is freedom money, a censorship-resistant form of digital cash allowing anyone with an internet connection to send money to anyone else, regardless of nationality, borders, or other arbitrary restrictions.

I personally first heard about Bitcoin in early 2013, through friends who were buying… stuff from Silk Road, the darknet marketplace helmed by the mysterious Dread Pirate Roberts. Although Silk Road was controversial (the “stuff” most people bought and sold was, of course, illegal drugs), it represented a radical example of the form of freedom that Bitcoin provides.

Later in 2013, Silk Road was shut down by the FBI, and Ross Ulbricht was revealed as the…

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H100 Group Became The First Publicly Listed Bitcoin Treasury Company In Sweden

H100 Group AB has announced it has become Sweden’s first publicly listed health technology company to adopt Bitcoin as a treasury reserve asset, announcing the purchase of 4.39 BTC for 5 million NOK (approximately $475,000) as part of its long-term Bitcoin Treasury Strategy.

The Stockholm-based company, which provides AI-powered automation and digital solutions for healthcare providers, joins a growing roster of public companies adding Bitcoin to their balance sheets in 2025. The purchase was executed at an average price of 1,138,737 NOK per Bitcoin (roughly $108,200).

“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented…

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