Liquid staking is live on IOTA, boosting its liquidity and DeFi ecosystem.

Swirl brings liquid staking to IOTA, boosting liquidity for its DeFi

Binance published its updated monthly proof of reserves report for May 2025, 
showing the exchange&#8217;s backed assets remain over 100% for major tokens such as 
Bitcoin, USDT and Ethereum. On May 8, the leading crypto exchange released the 
latest update…

Binance’s latest proof of reserves report reveals over 100% backed assets for major tokens

David Bailey, the CEO of crypto media company BTC Inc. and a close adviser to 
US President Donald Trump on digital assets, has reportedly raised $300 
million to launch a new Bitcoin investment firm.
The venture, named Nakamoto after the pseudonymous creator of Bitcoin, aims to 
become a publicly traded company focused on acquiring and holding the 
cryptocurrency, CNBC reported, citing people familiar with the matter. The 
Information was first to cover the story.
The funding round, which has been quietly in motion since January, includes 
$200 million in equity and $100 million in convertible debt, a source familiar 
with the matter told CNBC.
While the firm has not officially announced the raise, an official reveal and 
merger with a Nasdaq-listed company is expected as early as next week. The 
combined entity is set to go public this summer, per the report.
&#8220;No comment,&#8221; Bailey wrote in a May 7 post on X, apparently in response to the 
news around his new Bitcoin (BTC) investment firm.
_Source: David Bailey_
 _**Related:**__**Texas House committee passes Bitcoin reserve bill for full 
floor vote**_
## New Bitcoin firms are launching
Nakamoto&#8217;s strategy is modeled on that of companies like Strategy, which 
transformed itself into a Bitcoin-holding powerhouse under Michael Saylor.
The firm will invest in and acquire businesses globally, in countries such as 
Brazil, Thailand and South Africa, while deploying Bitcoin as part of its 
capital structure.
The venture is reportedly backed by high-profile investors and includes an 
advisory board featuring several prominent figures from the financial and 
crypto sectors.
Bailey&#8217;s move comes amid renewed enthusiasm for institutional Bitcoin 
investment, following a series of major fundraising announcements from firms 
like Twenty One and Strive Asset Management.
_**Related: **__**Trump-linked Strive files for &#8216;Bitcoin Bond&#8217; ETF**_
On April 24, Twenty One Capital, led by Strike founder Jack Mallers with the 
support of Tether, SoftBank and Cantor Fitzgerald, said it is looking to 
supplant Saylor&#8217;s Strategy to become the &#8220;superior vehicle for investors 
seeking capital-efficient Bitcoin exposure.&#8221;
On May 7, Strive Asset Management, founded by entrepreneur and former 
presidential candidate Vivek Ramaswamy, also revealed plans to transition into 
a Bitcoin treasury company.
_Source: David Bailey_
The firm is going public through a reverse merger and plans to use the 
combined company&#8217;s stock to accumulate Bitcoin. Once the deal closes, Strive 
plans to issue approximately $1 billion in equity and debt and use the 
proceeds to accumulate BTC.
&#8220;The pace of these new BTC companies launching is accelerating,&#8221; crypto 
influencer TylerD said in a post on X.
_**Magazine: **__**Bitcoin &#8216;s $100K push wakes taxman, Vitalik visits real 
Moo Deng: Asia Express**_

Trump crypto adviser David Bailey raises $300M for Bitcoin investment firm

Bitcoin climbed to $98,933 on May 8, rising 2.6% in 24 hours, as markets 
reacted to President Donald Trump’s announcement of a coming trade agreement. 
The surge follows a May 8 announcement on Truth Social by U.S. President 
Donald Trump,…

Bitcoin approaches $100K as Trump teases major trade deal with “big” country

POPCAT price has soared over 15% today, driven by heavy smart money 
accumulation, as momentum builds toward the next key price target of $0.70. 
Popcat (POPCAT) is up over 15% in the past 24 hours, currently trading at 
$0.45. The…

POPCAT price surges 15% as smart money buys fuel rally toward $0.70 target

Bitcoin is currently trading just under the $100,000 psychological threshold, 
maintaining a sideways trajectory in recent weeks. At the time of writing, the 
asset trades at $97,005, reflecting a modest 2.6% gain over the past seven 
days and a 3.3% increase in the last 24 hours. While volatility remains 
subdued, recent on-chain data highlights a steady rise in investor activity 
that could hint at future price movement. Related Reading: Bitcoin In The 
Middle Of A Decision Point, Analyst Says—Here’s Why Bitcoin Investor 
Confidence Reflected in On-Chain Metrics CryptoQuant contributor Carmelo 
Alemán has outlined an ongoing trend that points to sustained investor 
interest. In a recent QuickTake post, Alemán noted that Bitcoin’s Realized 
Cap, representing the aggregate value of coins based on their last movement, 
has reached an all-time high for the third consecutive week. The metric, 
calculated by multiplying each unspent transaction output (UTXO) by its 
purchase price, rose to $890.7 billion, indicating growing capital inflow into 
the asset. According to Alemán, the consistent climb in Bitcoin’s Realized Cap 
demonstrates a continuation of accumulation by both long-term and short-term 
holders. The increased capital invested in BTC over the past few weeks 
suggests that market participants are positioning themselves for a potential 
price breakout. This pattern of capital inflow may be laying the groundwork 
for a stronger bullish phase if sustained investment continues. Long-Term 
Holders (LTHs) and Short-Term Holders (STHs) appear to be increasing their 
stakes during this consolidation period. Alemán emphasized that the rising 
Realized Cap does more than reflect price, as it also captures market 
conviction. The metric signals a growing belief in Bitcoin’s longer-term value 
proposition when paired with steady accumulation trends. If historical 
patterns repeat, the market may be in the early stages of forming a new 
uptrend. Coinbase Premium Gap Signals Localized Pressure Despite the on-chain 
optimism, other indicators suggest reasons for caution. Another CryptoQuant 
analyst, Abramchart, recently highlighted the Coinbase Premium Gap as a sign 
of regional bearish sentiment. The gap, which was at -5.07 at the time of 
reporting, means Bitcoin is trading lower on Coinbase, an exchange largely 
dominated by US investors, compared to global platforms. This negative gap is 
often interpreted as an indicator of selling pressure from American 
participants. Abramchart noted that although the premium had previously 
recovered, the recent decline aligns with Bitcoin’s failure to push beyond the 
$97,000 level. Persistent negative values in the premium gap typically signal 
weak demand in the US market, which could act as a headwind to upward 
momentum. If the gap continues to trend downward, it may reinforce current 
price stagnation despite broader accumulation trends. Featured image created 
with DALL-E, Chart from TradingView