Arthur Hayes: The USDe Visionary and Fiat Skeptic
Ethena (USDe) has been one of Arthur Hayes’ family office’s most prolific investments. It’s also a great synthesis of Hayes’ fiat-skeptic views.
June 2025
Luca Netz: Powering Pudgy Penguins
Pudgy Penguins, the second most successful NFT collection of the last cycle, is pumping again. This time, it has a token to go with the cute plush toys.
BlackRock’s Larry Fink: Crypto’s TradFi Savior
The CEO of BlackRock helped pull the cryptocurrency industry out of its near-fatal post-FTX-collapse bear market and brought prices back to new highs.
Keone Hon: Bridging DeFi and TradFi
The ex-Jump Trading quant raised $225 million in 2024 to build Monad, a high-performance blockchain trying to bring Wall Street’s trading efficiency to crypto.
Justin Sun: Tron’s Founder Was at the Center of It All
From TRX and tether-on-Tron to wBTC and one expensive banana, Sun was never far from the headlines this year.
Bitcoin Miners Cipher, CleanSpark and MARA’s Upgraded at JPMorgan
The bank updated estimates for a number of mining stocks in its coverage following third quarter results and recent gains in bitcoin and the hashrate.
Floki Releases No-Fee Crypto Debit Card, Boosting Token Fundamentals
A physical card costs $33, while a virtual card costs just over $10. A 2% top-up fee applies when transferring tokens to the spending account associated with the card.
Bitcoin Buy and Sell App Relai Raises $12M for Europe Expansion
The Series A round was led by Ego Death Capital, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group.
Hailey Welch Goes AWOL After Failed Hawk Tuah Token Launch
The HAWK token has lost more than 95% of its value after going live last week.
BlackRock’s Bitcoin ETF Drops Most in 4 Months Amid Quantum Computing FUD
IBIT fell 5.3% Monday, its biggest drop since early August.