Author: James Wilson
Michael Saylor says a Strategy Bitcoin sale before year-end is ‘not unlikely’ in a Coin Stories podcast interview. Summary Saylor told Natalie Brunell it was “not unlikely” Strategy would sell some Bitcoin before year-end, softening his long-held never-sell position. He said any model relying solely on equity, credit, or Bitcoin sales underperforms, and that Strategy uses a mixed capital management approach. Strategy holds 818,334 BTC worth approximately $65 billion and aims to maximise Bitcoin per share over a seven-year horizon to 2033. Strategy executive chairman Michael Saylor told the Coin Stories podcast it was “not unlikely” the company would sell…
Kalshi is backing a new advocacy group to fight the gaming lobby over prediction market regulation. Summary Americans for Fair Markets launched with Kalshi support to counter sportsbook and casino opposition to prediction markets. The group tapped former Deputy White House Chief of Staff Taylor Budowich as its strategic advisor. Prediction markets have grown into a roughly $500 billion asset class with millions of monthly U.S. users. The new organization, Americans for Fair Markets, launched on May 22 to shape federal policy on prediction markets and federally regulated exchanges. It will run paid and earned campaigns to counter what it…
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…
Kevin Warsh was sworn in as Fed chair on Friday as Bitcoin trades near $77,400. Summary Warsh took the oath from Supreme Court Justice Clarence Thomas at a White House ceremony, succeeding Jerome Powell. The Senate confirmed Warsh 54-45, with only Democrat John Fetterman crossing party lines to support the nomination. Bitcoin held near $77,400 as traders had largely priced in the leadership transition ahead of Warsh’s first FOMC meeting in June. Kevin Warsh was sworn in as the 17th Federal Reserve chair at a White House ceremony on Friday, becoming the first Fed leader to take the oath at…
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…
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…
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…
Gold fell below $4,500 per ounce on Friday as both spot prices and New York futures dropped about 0.94 percent, extending a sharp pullback from this year’s record highs. Summary Spot and New York gold futures fell roughly 0.94 percent, breaking below $4,500 Contracts traded in a rough $4,497 to $4,536 range as the US dollar hit a six week high Rising oil above $97 per barrel revived bets on another Federal Reserve rate hike this year Early on May 22, gold slipped below $4,500 as spot and New York futures fell 0.94 percent, after the metal broke a key…
Clarity Act concerns from law enforcement are overblown, House Majority Whip Tom Emmer said. Summary Emmer called law enforcement objections to crypto developer protections a “red herring” aimed at slowing the bill. He defended shielding noncustodial developers from money transmitter rules under the Blockchain Regulatory Certainty Act. The Senate Banking Committee advanced the Clarity Act 15-9, with bipartisan support beyond Republicans. House Majority Whip Tom Emmer said law enforcement groups are overstating their concerns about crypto developer protections embedded in the legislation. He called the objections a “red herring” designed to slow the broader bill’s progress through Congress. Emmer forcefully…