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.

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Blockspace Podcasts

Bitcoin Research Day - Permissionless NYC

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