Author: James Wilson

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.…

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…

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…

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…

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…

Cardano governance is in crisis as an 81% stake majority opposes a 32.9 million ADA research funding proposal. Summary An 81% active stake majority is opposing a 32.9 million ADA proposal to fund Input Output Global’s research lab for another year through Cardano’s treasury. Founder Charles Hoskinson called the vote existential for Cardano’s identity as a science-based blockchain, warning scientists could leave if the proposal fails. The vote runs through June 8, with several dReps demanding competitive open RFP bids rather than an automatic IOG budget renewal. A Cardano governance crisis has emerged on-chain as an 81% active stake majority…

Mario Nawfal’s viral interview casts Patrick Gruhn as one of the few FTX insiders who not only survived but materially profited from the wreckage. Summary Gruhn sold his firm to FTX for about $400 million and later repurchased FTX Europe’s assets for roughly $32.7 million after bankruptcy His new platform UpsideOnly executes trades with company funds and shares profits with users but absorbs all losses itself The AI engine behind UpsideOnly is trained on more than 22 billion retail trades and aims to fix structural traps that wipe out 95 percent of traders Patrick Gruhn, the former CEO of FTX…

US one year inflation expectations have climbed to 4.8% for May, a reminder that the inflation story is not over and a fresh stress test for the idea that Bitcoin and crypto function as hedges against persistent price pressure. Summary May one year US inflation expectation at 4.8%, up from a 4.5% preliminary reading and 4.7% previously Market research from Bitwise and others shows Bitcoin has become more correlated with inflation expectations since 2020, but not in a simple hedge like way Studies and market analysis suggest Bitcoin behaves more like a high beta risk asset than a reliable inflation…

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…