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Bitcoin Dips Below $109,000

Bitcoin briefly fell below $109,000, currently trading at $108,906, a 24-hour decrease of 0.006%.

Bitcoin 2025 Conference Kicks Off in Last Vegas

The Bitcoin 2025 conference is taking place this week in Las Vegas.

This year's event features speakers include Vice President JD Vance and Silk Road founder Ross Ulbricht.

President Trump headlined last year's event in Nashville, where he shared some of his crypto ambitions.

Trump Media to Raise $2.5 Billion to Invest in Bitcoin

Trump Media & Technology will raise about $2.5 billion to invest in bitcoin, U.S. President Donald Trump's social media company said on Tuesday, as it looks to diversify its revenue.

The company is raising the funds by selling $1.5 billion in stock at its last closing price and $1 billion in convertible notes priced at a 35% premium, it said in a statement.

The bitcoin will be held on Trump Media's balance sheet alongside existing cash and short-term investments totaling $759 million as of the end of the first quarter. Crypto platforms Anchorage Digital and Crypto.com will provide custody for the bitcoin holdings.

Jack Dorsey’s Block Plans Bitcoin Payments on Square Terminals

Block Inc. is launching a feature to allow businesses that use the company’s Square point-of-sale terminals to accept payment in Bitcoin, according to a statement from the company.

The Bitcoin payments feature is expected to start rolling out in the second half of 2025 and reach all eligible sellers in 2026, subject to regulatory approvals, according to the statement. When a customer wants to pay with Bitcoin, they will need to scan a QR code at checkout to initiate the payment, which will be facilitated via the Lightning Network.

The fresh offering will add to the payments firm’s suite of Bitcoin-linked products. Block’s Square terminals are known for helping small businesses across the country accept payments.

Trump’s CFTC Pick Discloses $3.4 Million in Assets, Crypto Ties

Brian Quintenz, the crypto lobbyist President Donald Trump nominated to serve as chair of the US Commodity Futures Trading Commission, disclosed assets worth at least $3.4 million and positions in key industry groups.

Quintenz, who served as a CFTC commissioner from 2017 to 2021, revealed his financial and professional holdings in paperwork released this week by the Office of Government Ethics. Nominees disclose the value of their holdings in broad ranges.

If confirmed, Quintenz would be heading an agency with two major policy initiatives that are intertwined with his financial and professional interests: digital assets and event contracts. A Senate confirmation hearing for his nomination hasn’t yet been scheduled.

Stablecoin Issuer Circle, Holders Seek $624 Million in IPO

Circle Internet Group Inc. and some of its backers are seeking to raise as much as $624 million in a long-awaited initial public offering, as crypto companies increasingly tap the public markets to raise funds.

The New York-based company behind the second-largest stablecoin and some of its shareholders are offering 24 million shares for $24 to $26 each, according to a filing with the US Securities and Exchange Commission on Tuesday.

Circle, led by Jeremy Allaire, has been chasing a public listing since at least 2021 when it announced a blank-check company merger that was later scrapped.

Cantor’s $2 Billion Bitcoin-Backed Lending Arm Makes First Deals

Cantor Fitzgerald LP kicked off a $2 billion Bitcoin-backed lending initiative by providing financing to crypto firms FalconX Ltd. and Maple Finance, according to the three companies.

Digital-asset prime broker FalconX said it had closed a Bitcoin-backed financing facility that’s part of a “broader credit framework” with Cantor, through which it plans to draw more than $100 million. Maple also said it closed the first tranche of a facility with Cantor, according to a separate statement viewed by Bloomberg.

The financing program is the latest in a string of crypto-focused ventures launched by Cantor, whose former Chief Executive Officer Howard Lutnick stepped down in February to become US Commerce Secretary. An affiliate of the investment bank in April teamed up with with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Bitcoin accumulator Twenty One Capital Inc.

Third Arrest Made in Manhattan Bitcoin Kidnapping, Torture Case

William Duplessie, suspected of aiding in the kidnapping and torture of an Italian cryptocurrency investor, surrendered to New York City police.

The suspect is accused of participating in a plot to extract access to a bitcoin wallet from Michael Valentino Teofrasto Carturan through physical and psychological abuse.

Carturan, a former fund partner of one of the attackers, was allegedly held captive for nearly three weeks, assaulted, and tortured in a Manhattan townhouse.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday was $384.85 million. The total net asset value of Bitcoin spot ETFs is $132.89 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.1%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on May 27 was iShares Bitcoin Trust ETF (IBIT), with a net inflow of $409.26 million. Following that was Grayscale Bitcoin Mini Trust ETF (BTC), with a net inflow of 36.03 million, according to SoSoValue.

Source: SoSoValue