Theory of Stupidity [pdf]
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Month: May 2025
Real-world assets could revitalize dying NFT lending market: DappRadar
Real-world assets linking up with non-fungible tokens (NFTs) is one of a few key catalysts that could reignite the waning NFT lending sector, which is suffering from a collapse in volumes and user activity, says blockchain analytics platform DappRadar. Volumes in the NFT lending market, which allows NFT holders to take out a loan against … Read more
Asia Morning Briefing: Bitcoin Becomes ‘Generational Asset’ as Speculators Ditch Rolexes
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Ethereum surged past $2,600 in early Asia hours, up 3.7%, breaking … Read more
Donald Trump Jr. Says Getting ‘Debanked, De-Insured, De-Everything’ Orange-Pilled Him
LAS VEGAS, Nevada — Donald Trump Jr., the eldest son of U.S. President Donald Trump, said he and his younger brother Eric Trump “orange-pilled” their father after the family and its organization experienced pervasive de-banking in the wake of Trump’s first presidential term. Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Don Jr. said he … Read more
Nasdaq files for 21Shares Sui ETF, kicking off SEC review
Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission’s review process. The stock market’s May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares’ April 30 submission of its S-1 registration statement to … Read more
SpaceX’s ninth test flight of Starship launches into space, ends in a spin
SpaceX’s Starship successfully separated from its Super Heavy rocket booster and reached orbit Tuesday evening, but later began spinning and made an uncontrolled re-entry into the Indian Ocean. SpaceX had cleared the surrounding airspace where Starship was coming down, according to the company. The ninth test flight provided a mix of successes and failures for … Read more
Trump’s Win Boosted Bitcoin Adoption by ‘Decades,’ Says Blockstream’s Adam Back
Blockstream CEO Adam Back believes America’s first “crypto president” is a net positive for the space, even despite recent controversies.
Third Arrest Made in High-Profile Kidnapping of Bitcoin Investor in New York
Another man was arrested in New York to face charges related to an abduction case that left a Bitcoin investor tortured and held for weeks.
Sen. Lummis on Push for Stablecoin Bill: ‘I Had No Idea How Hard This Was Going to Be’
LAS VEGAS, Nevada — The U.S. Senate seems to be getting close to passing its landmark stablecoin bill, the GENIUS Act — a battle its champion Cynthia Lummis (R-Wyo.) said has been incredibly hard-fought. “It has been extremely difficult,” Lummis said during a fireside chat with Coinbase’s Chief Legal Officer Paul Grewal at Bitcoin 2025 in Las … Read more
Robinhood CEO Predicts AI-Driven Companies, Likens Them to Bitcoin and Satoshi
Robinhood CEO Vlad Tenev said at Bitcoin 2025 that AI could lead to “single-person companies”—just like how Satoshi Nakamoto created BTC.
Ethereum price target shifts to $3K after SharpLink adopts ETH ‘treasury strategy’
Key takeaways: SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH. Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart. Nasdaq-listed SharpLink Gaming (SBET) announced a $425 million private investment in … Read more
Third individual arrested in NYC crypto torture and kidnapping case
A third individual, suspected of being connected to the recent kidnapping, torture and attempted extortion of an Italian tourist in New York City, surrendered to law enforcement on May 27. 33-year-old William Duplessie was taken into custody by the New York Police Department (NYPD) and will be charged with “kidnapping and false imprisonment of an … Read more
Solana Price to Lag Ethereum’s While Network Addresses Scaling Issues: Standard Chartered
The bank’s Head of Digital Assets thinks Solana needs to find use cases in “high-throughput financial apps.”
Growing BTC reserve requires Congressional legislation — VanEck exec
Building a permanent US strategic Bitcoin reserve would likely require targeted legislation rather than executive action, according to VanEck’s head of digital assets, Matthew Sigel. Speaking at Bitcoin 2025 in Las Vegas, Sigel said the most viable path forward may involve inserting Bitcoin mining incentives into the congressional budget reconciliation process. According to Sigel, the … Read more
Mustard Watches (1990)
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Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down
Luxury fashion brand 9dcc, which launched physical fashion connected to on-chain tokens, is closing up shop amid economic challenges.
Trump supports bill to buy 1 million BTC — Senator Lummis
US President Donald Trump supports the BITCOIN Act and has a team of experts in the White House working to roll out landmark digital asset legislation in the coming weeks, according to Wyoming Senator Cynthia Lummis. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Lummis said she is bringing the BITCOIN ACT to … Read more
IMF Says ‘Efforts Will Continue’ to Ensure El Salvador Doesn’t Accumulate More BTC
The International Monetary Fund (IMF) stated on Tuesday that “efforts will continue” to make sure that the total amount of bitcoin BTC held by El Salvador’s government does not change. Back in March, El Salvador reached an agreement with the IMF to receive a $3.5 billion loan package. Some of the conditions of that deal … Read more
The Solana Network Is Now Live on MetaMask
Users of Solana may now access the network through a MetaMask wallet. MetaMask announced on Tuesday that its Solana integration was live, meaning that users can now transact on the second largest smart-contract platform and interact with Solana-based applications through the wallet. “Let’s be honest. Managing wallets across MetaMask and Solana used to be a … Read more
Harvard’s ‘FaceAge’ AI Links Cancer Survival to How Old You Look in a Photo
FaceAge aims to predict biological age using AI, and links facial appearance with survival rates in cancer patients.
Selling Bitcoin is like playing in a 'bad house-rate casino' — Adam Back
Selling Bitcoin is like “playing in a really bad house-rate casino,” according to Adam Back, CEO of Blockstream and one of Bitcoin’s earliest adopters. In a recent interview with Bitcoin financial services firm Unchained, Back said the odds are stacked against traders trying to time the market. Back came to this conclusion in the early … Read more
Austrian Economics and Cryptocurrencies: Against Fiat and Centralization
Numerous economists in history have believed that money works best when it arises naturally through trade—not when it’s forced on people by governments. Also, fiat money (paper money) would be something to be suspicious of, according to them. Does it sound a bit cryptocurrency-like? You wouldn’t be wrong about that. Many of those economists belong … Read more