DeepNewz
People
Silk Road Founder Ross Ulbricht Receives 300 Bitcoin Donation Worth $31.4 Million to Donation Wallet
Ross Ulbricht, the founder of the Silk Road dark web marketplace, received a donation of 300 bitcoins valued at approximately $31
Regulation & Politics
Meta Shareholders Reject Bitcoin Treasury Proposal With Fewer Than 0.1% in Favor, $72 Billion Cash Unchanged
Meta Platforms shareholders have overwhelmingly rejected a proposal to add Bitcoin to the company's treasury
People
JPMorgan CEO Jamie Dimon Urges US to Stockpile Guns, Bullets, Tanks, Planes, Rare Earths Instead of Bitcoin Amid US Bitcoin Reserve Strategy
JPMorgan CEO Jamie Dimon stated that the United States should not be stockpiling Bitcoin
DeFi
Ethena Labs Launches USDe on TON Blockchain With Ston.fi, Offering Up to 18% APY to 1 Billion Telegram Users
Ethena Labs has launched USDe, a synthetic dollar, on the TON blockchain, integrated with the TON ecosystem and accessible through major TON wallets including TON Space, Tonkeeper, MyTonWallet, and TonHub
Regulation & Politics
Texas Legislature Passes Strategic Bitcoin Reserve Bill SB 21 With 110-25 Vote, Awaiting Governor Abbott's Signature
The Texas legislature has passed the Strategic Bitcoin Reserve bill (SB 21), with the House approving it in a 110-25 vote and the Senate completing its final revision
CeFi
FTX Phase 2: $5 Billion Stablecoin Repayment to Creditors Begins via BitGo, Kraken After Three-Year Wait
FTX has initiated Phase 2 of creditor repayments, distributing over $5 billion in stablecoins to eligible creditors starting May 30, 2025
Markets
Bitcoin Exchange Reserves Hit Seven-Year Low at 14% Amid Growing Long-Term Holder Accumulation
Bitcoin exchange reserves have reached a new all-time low, with the amount of Bitcoin held on exchanges dropping to historic lows
Blockchains
Trump Media Closes Roughly $2.4 Billion Financing to Establish Corporate Bitcoin Treasury
Donald Trump’s Trump Media & Technology Group has completed a private placement of roughly $2.4 billion.
TradFi & Fintech
Jack Mallers Says Strike's Bitcoin-Backed Loans Will Offer Single-Digit Rates
Jack Mallers, CEO of Strike, announced the launch of Bitcoin-backed loans with single-digit interest rates
Markets
Bitcoin Options Open Interest Hits $46.2 Billion All-Time High with $25.8 Billion Increase, Futures Also at Record Levels
Bitcoin's options open interest has reached a new all-time high of $46.2 billion
