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- Pomp's $1B, Norway's PoW Ban, and OKX IPO
Pomp's $1B, Norway's PoW Ban, and OKX IPO
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Fractal Bitcoin
Happy Monday!
It’s HOT out here in Brooklyn, as a big heat wave moves through the Northeast US.
That’s not stopping us from enjoying the Bitcoin content around Permissionless this week, including an event we’re joining at PUBKEY on Thursday! If you’re in the area, join us for a few hours of Bitcoin tech talk.
Link at the bottom of the newsletter :)
Market Opens
BTC $101K 1.6% GOLD $3,405 0% MSTR $367 1% COIN $304 1% | MARA $13.92 2.8% CLSK $8.70 3.28% RIOT $9.13 4.4% CORZ $11.15 6% |
Capital Flows
Bitcoin led the way with $1.1B in new flows, extending a 10-week streak and bringing YTD inflows to $15.1B, per CoinShares — link

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Pompliano takes ProCap public in $1B bitcoin treasury merger
The bitcoin-native financial firm raised $751M+ across equity and debt to form ProCap Financial, which plans to hold up to $1B in BTC on its balance sheet — link
Cardone Capital adds 1,000 BTC to balance sheet
The real estate firm led by Grant Cardone now holds $100M in bitcoin and plans to grow that to 3,000 BTC by year-end — link
Bitcoin ETF volume nears $1T milestone
U.S. spot bitcoin ETFs have traded $995B since launch, with BlackRock’s IBIT holding a 79% market share — link
Texas becomes third state with bitcoin reserve law
Governor Abbott signed SB 21 to establish a strategic bitcoin fund managed outside the state treasury — link
OKX considers U.S. IPO following $500M settlement
After re-entering the U.S. market in April, the crypto exchange is exploring a public listing and expanding its American footprint — link
Norway to temporarily ban new proof-of-work mining centers
Officials say the energy-intensive crypto mining model provides limited local benefit and plan to block new PoW sites this fall — link
Luxor x MicroBT: Reliable ASIC Supply, No Surprises
Discover how Luxor protected miners from supply shocks and tariff risk by locking in a strategic deal with MicroBT — securing U.S.-assembled WhatsMiners with pricing certainty and delivery flexibility.
Blockspace Podcasts
Bitcoin Research Day - Permissionless NYC
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