Good afternoon. Real quick – CoinSnacks is looking for new, long term, partners to fulfill advertisements on this letter and our website… and we’re offering super friendly CPMs to make it easy for you to reach our engaged audience. If you’ve got a brand or message that resonates, we’d love to hear from you. Just hit reply, intro yourself, and we’ll get things rolling.
Pump Fun plans $1B token sale at $4B valuation
Infamous memecoin platform is planning to raise $1 billion through a token sale at a $4 billion valuation, according to Blockworks. The company has already generated over $700 million in cumulative revenue since launching and is one of the fastest growing startups of all time. Read more →
Big Beautiful Deficit
Fresh off leaving his role as a special government employee, Elon Musk reposted Coinbase CEO Brian Armstrong’s warning that if DC doesn’t tame its runaway deficits, bitcoin will end up as the world’s reserve currency. Musk, who just blasted Congress’s “big, beautiful” tax bill that adds trillions to the deficit, has clearly made shrinking US debt his new crusade and we’re all here for it. But to coin analyst Lyn Alden, the dark truth to this matter is that nothing really stops this train. Bill or no bill, she makes the case that deficits are already locked on autopilot. Read more →
If the electorate doesn't hold congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency.
I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control.
— #Brian Armstrong (#@brian_armstrong)
12:44 AM • Jun 4, 2025
Ethereum Co-Founder in Talks With 'Major Sovereign Wealth Funds'
On a Rug Radio podcast, Ethereum co-founder and Consensys CEO Joe Lubin said his team is in “active talks” with big-name banks and sovereign-wealth funds from a “very large” country about building infrastructure within the Ethereum ecosystem, involving both Layer 1 and Layer 2. While governments have flirted with Bitcoin treasuries for years, fresh institutional interest in actually building on Ethereum signals a broader revival of ETH’s appeal. Read More →
Chinese firm Webus to raise up to $300 million for XRP treasury Link»
Ripple contradicts reporting saying they never made a bid to acquire Circle Link»
More Return With Less Risk? Link»
He’s Already IPO’d Once – This Time’s Different Link»**
Texas Stock Exchange is on track to debut trading in Q1 2026 Link»
Kraken launches full-service prime brokerage tailored for institutional crypto clients Link»
Canadian Company SolarBank Adopts Bitcoin Treasury Strategy Link»