Timmy Shen

1 week ago | theblock.co | Timmy Shen

Funds • May 30, 2025, 2:00AM EDT U.S. spot Bitcoin exchange-traded funds saw $358.6 million in net outflows on Thursday, ending a 10-day streak of positive flows that had brought in a total of $4.26 billion. BlackRock's IBIT was the only spot Bitcoin ETF to report net inflows, with $125 million flowing into the product, according to SoSoValue data. Fidelity's FBTC led the outflows with $166.32 million, followed by Grayscale's GBTC, which saw $107.53 million exit the fund.

1 week ago | theblock.co | Timmy Shen

People • May 30, 2025, 12:03AM EDT Michael Saylor, co-founder and executive chairman of Strategy, urged investors to remain committed to Bitcoin, and noted the importance of market compliance for companies seeking to capitalize on the world's largest cryptocurrency. In a speech titled "21 ways to wealth" at Bitcoin 2025 conference in Las Vegas on Thursday, Saylor claimed that Bitcoin represents the ultimate form of capital.

1 week ago | theblock.co | Timmy Shen

Companies • May 29, 2025, 3:59AM EDT Norway-based crypto firm K33 has launched its Bitcoin treasury strategy, raising  60 million Swedish kronor ($6.2 million) in financing to purchase Bitcoin — as it seeks to unlock new product opportunities. K33, listed on Nasdaq First North Growth Market, announced on Wednesday that it has secured financing through a combination of newly issued shares and warrants totaling SEK 15 million, along with convertible loans amounting to SEK 45 million.

1 week ago | theblock.co | Timmy Shen

Companies • May 29, 2025, 1:14AM EDT Solana-focused crypto treasury firm DeFi Development Corp. said that it has adopted liquid staking token (LST) technology to enhance its treasury management and validator operations. In a statement released Wednesday, DeFi Development said it plans to allocate a portion of its SOL holdings into dfdvSOL, an LST built on staking infrastructure developed by liquid staking provider Sanctum.

1 week ago | theblock.co | Timmy Shen

Legal • May 28, 2025, 12:23AM EDT Another suspect has surrendered to New York City police in connection with the alleged abduction and torture of an Italian tourist, who was targeted for access to his cryptocurrency account. William Duplessie, a 32-year-old Miami resident, turned himself in Tuesday and faces charges of kidnapping, assault, unlawful imprisonment, and criminal possession of a weapon, AP reported, citing police authorities.