Author: John Smith

Ripple joined a $6M funding round for cross-chain infrastructure platform Squid. Summary North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating. Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch. The new funding brings Squid’s total raised to $13.5 million and will fund consumer-facing product expansion. Cross-chain platform Squid raised $6 million in strategic funding to build new consumer-facing products that simplify how users move assets across blockchains. North Island Ventures led the round, with Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital…

A Bitcoin reserve bill to codify Trump’s executive order gained a Nashville champion. Summary Rep. Matt Van Epps framed the American Reserve Modernization Act as an extension of Nashville’s growing Bitcoin ecosystem. ARMA would lock federally held Bitcoin for a minimum of 20 years and authorize Treasury to acquire up to 1 million BTC over five years. Van Epps cited the $39 trillion national debt as the central argument for the legislation. Rep. Matt Van Epps told Bitcoin Magazine that the American Reserve Modernization Act of 2026 is a direct reflection of what he sees happening in his own district.…

Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. Summary A Ninth Circuit panel denied emergency motions from both platforms to halt state-level gambling enforcement actions. The judges ruled that federal derivatives oversight does not automatically shield prediction markets from state gaming laws. The decision deepens a growing legal split over whether sports event contracts are federally regulated swaps or gambling products. A three-judge Ninth Circuit panel denied emergency motions from both Kalshi and Polymarket to block lower court rulings, sending gambling enforcement cases in Nevada and Washington back to state courts. The orders came down…

Jeremy Sturdivant, the 19 year old who received 10,000 Bitcoin for two pizzas in May 2010, spent almost all of it long before BTC crossed even $1, let alone today’s five figure levels. Summary In 2010, 10,000 BTC was worth about $40 to $41 and bought two Papa Johns pizzas for Laszlo Hanyecz in Jacksonville. Sturdivant later said he spent the coins on travel and goods as Bitcoin’s price climbed from fractions of a cent to under $1. At Bitcoin’s November 2021 peak near $69,000, that same 10,000 BTC would have been worth around $690 million. Jeremy Sturdivant, known as…

Federal Reserve Governor Christopher Waller warned that stubborn inflation and surging energy costs now outweigh labor market risks, signaling that rate hikes are “back on the table” and jolting expectations that had been primed for cuts a few months ago. Summary Waller said US CPI hit 3.8% in April with energy prices up 17.9% as oil climbed above $100 per barrel Core PCE inflation rose to 3.3%, its highest level in more than two years, while unemployment held at 4.3% and GDP grew 2% He urged dropping the Fed’s “easing bias” and said rate increases cannot be ruled out if…

MARA security spending reached $4.3 million in 2025, including $430,000 to armor CEO Fred Thiel’s vehicle. Summary MARA’s 2026 proxy filing revealed $4.3 million in total CEO security spending in 2025, including $430,000 to armor Fred Thiel’s personal vehicle. Physical attacks on crypto holders rose 75% in 2025 to 72 confirmed incidents totalling $41 million in known losses, according to CertiK data. Coinbase spent $7.6 million protecting Brian Armstrong in 2025, while Gemini committed $400,000 per month to secure the Winklevoss twins. MARA Holdings’ 2026 proxy filing disclosed $4.3 million in total personal security spending for CEO Fred Thiel in…

Tetra Digital Group’s CADD, Canada’s first regulated Canadian dollar stablecoin issued by a financial institution, can now be custodied by Anchorage Digital for institutional clients. Summary Anchorage Digital will provide regulated custody for CADD to institutional investors CADD is backed 1:1 by Canadian dollars held at a licensed Canadian trust company The stablecoin is approved by Alberta regulators and designed for on chain CAD settlement As of May 22, institutions can now hold CADD through Anchorage Digital, a federally chartered crypto bank and qualified custodian that offers regulated digital asset infrastructure to banks, fintechs and asset managers. How does CADD’s…

NEAR Protocol has rallied more than 44% from its weekly low as AI-driven momentum, protocol upgrade optimism, and aggressive short liquidations pushed the token toward a major technical breakout. Summary NEAR price surged more than 44% from its weekly low as AI narrative momentum, protocol upgrade optimism, and short liquidations fueled a breakout above key resistance levels. A potential golden cross between the 50-day and 200-day moving averages has strengthened bullish sentiment, with traders now watching the $3 psychological level. CoinGlass data showed dense liquidation clusters above $2.30, while open interest jumped over 51% amid rising leveraged positioning in NEAR…

Hyperliquid and Zcash are leading the altcoin market, but analysts warn that crowded sentiment and stretched indicators may raise pullback risk. Summary Hyperliquid trades near $59 after hitting a $62.18 all-time high on May 21. Zcash is up over 100% in 30 days, but traders now watch the $700 resistance zone. Analysts warn crowded sentiment and overbought signals may raise pullback risk for both assets. Hyperliquid traded near $59.11 on May 22 after gaining 29.68% over seven days and 45.77% over the past month. The token reached an all-time high of $62.18 on May 21, while 24-hour volume stood at…

The Verus Ethereum bridge exploiter has returned 4,052 ETH to the project team after a settlement offer, while keeping 1,350 ETH as a bounty. Summary PeckShield says the Verus bridge exploiter returned 4,052 ETH, equal to 75% of stolen funds. The exploiter kept 1,350 ETH as a bounty after Verus proposed settlement terms publicly. Earlier reports linked the Verus bridge exploit to missing validation checks in cross-chain transfer logic. PeckShield said the Verus bridge exploiter returned 4,052.4 ETH, worth about $8.5 million, to a Verus team address. The firm said the returned assets represented 75% of the stolen total. Etherscan…