Jason Shubnell

Detroit

US News Editor at The Block

US News Editor @TheBlock__ Meet me in the land of hopes and dreams

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Articles

Trump Media closes private offering, will use $2.32 billion net proceeds to buy bitcoin

1 week ago | theblock.co | Jason Shubnell

Trump Media and Technology Group has closed its previously announced private placement offering to create its corporate bitcoin treasury.
Trump Media establishes corporate bitcoin treasury with $2.5 billion offering

1 week ago | theblock.co | Jason Shubnell

UPDATED: May 27, 2025, 9:45AM EDT Trump Media and Technology Group announced on Tuesday that it has entered into subscription agreements with approximately 50 institutional investors for a private placement offering totaling nearly $2.5 billion. The company will utilize the proceeds to establish a corporate Bitcoin treasury. The $2.5 billion offering includes $1.5 billion in Trump Media common stock and $1 billion in convertible notes at a conversion price equal to a 35% premium.
Semler Scientific's Bitcoin holdings surpass 4,000 BTC with latest purchase

2 weeks ago | theblock.co | Jason Shubnell

Nasdaq-listed Semler Scientific crossed a somewhat notable milestone on Friday with its latest Bitcoin purchase. Between May 13 and May 22, 2025, the healthcare tech firm acquired 455 BTC for $50 million, with an average purchase price of $109,801 per coin, according to a new 8-K filing. Semler's latest purchase was made with proceeds from its $500 million at-the-market offering program.
CFTC's Summer Mersinger says crypto perpetual futures trading could come to US: Bloomberg

2 weeks ago | theblock.co | Jason Shubnell

Markets • May 22, 2025, 1:11PM EDT Quick TakeMersinger is stepping down from the CFTC on May 30 to become CEO of the Blockchain Association. Commodity Futures Trading Commissioner Summer Mersinger said Thursday that crypto perpetual futures could begin trading in the United States, Bloomberg reports. Also known as perpetual swaps, crypto perpetual futures are derivative contracts that allow traders to speculate on the price of a cryptocurrency without an expiration date.
Bitcoin miner MARA to allocate 500 BTC to Two Prime in expanded yield strategy

2 weeks ago | theblock.co | Jason Shubnell

Latest Crypto News May 22, 2025, 5:53AM EDT • Security See More Latest Crypto News UPDATED: May 21, 2025, 9:50PM EDT Quick TakeThe collaboration highlights a broader effort to set institutional standards in capital efficiency and digital asset management, as MARA leverages part of its 48,137 BTC treasury amid plans to raise $2 billion to further grow its holdings.
Bitcoin hits new all-time high as risk assets rebound from April lows

2 weeks ago | theblock.co | Jason Shubnell |Naga Avan-Nomayo

Latest Crypto News May 21, 2025, 11:24AM EDT • Layer 1s May 21, 2025, 9:22AM EDT • Companies May 21, 2025, 9:01AM EDT • The Block May 21, 2025, 9:01AM EDT • Sponsored See More Latest Crypto News By Jason Shubnell and Naga Avan-NomayoLayer 1s • May 21, 2025, 11:24AM EDT Quick TakeThe previous all-time high for Bitcoin was $109,358, set back in January as President Donald Trump assumed office.
XRP futures generate $19 million in first-day trading on CME Group, outperforming Solana's launch

2 weeks ago | theblock.co | Jason Shubnell

Latest Crypto News May 20, 2025, 3:03PM EDT • People May 20, 2025, 2:56PM EDT • Exchanges May 20, 2025, 1:31PM EDT • Policy See More Latest Crypto News Exchanges • May 20, 2025, 2:56PM EDT Quick TakeCME Group launched XRP futures trading earlier this week, generating more than $19 million in notional trading volume. Solana futures hit the exchange in March and generated a little over $12 million in first-day trading volume.
DOJ launches investigation into Coinbase cyberattack: Bloomberg

2 weeks ago | theblock.co | Jason Shubnell

Exchanges • May 19, 2025, 4:47PM EDT UPDATED: May 19, 2025, 4:48PM EDT The cyberattack and subsequent ransom request on Coinbase are being investigated by the U.S. Department of Justice, including those in the department’s criminal division in Washington, Bloomberg reported Monday, citing a source familiar with the matter. Last Thursday, Coinbase disclosed an attack in which a group of cyber criminals tried to extort $20 million from Coinbase to keep stolen customer data off the internet.
Jamie Dimon says JPMorgan will allow clients to buy Bitcoin but firm will not custody it

2 weeks ago | theblock.co | Jason Shubnell

Longtime Bitcoin critic Jamie Dimon, chief executive of JPMorgan Chase, said the world's largest bank will allow clients to buy the world's largest cryptocurrency — but it will not keep custody. Over the years, Dimon has said that Bitcoin has no value, and he even referred to it as a Ponzi scheme this past January. He reiterated Monday at a JPMorgan Chase investor day event that he is still not a fan of Bitcoin, according to multiple reports.
Cobie joins crypto investment firm Paradigm as advisor

3 weeks ago | theblock.co | Jason Shubnell

People • May 16, 2025, 1:54PM EDT Jordan Fish, the popular crypto trader better known as Cobie, has joined crypto investment firm Paradigm as an advisor. "He’s always been one of my favorite people in crypto to chat with, so excited to make it official," Paradigm cofounder Matt Huang said Friday in a post on X.