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Charles Hoskinson used his latest AMA to unleash his most forceful critique yet of the Cardano Foundation (CF), defending the decision to exclude the CF from claiming Midnight’s NIGHT tokens while outlining aggressive multi-chain partnerships, airdrop mechanics he says could be among the largest ever, and a near-term push around Token2049 and an Asia tour.

At the center was the Midnight redemption controversy. Asked “to address the decision to limit the CF from claiming NIGHT tokens,” Hoskinson framed the move as a necessary risk control rooted in the airdrop’s terms. “We built it. It’s my money. We can do whatever the hell we want to do,” he said, adding that the distribution included a disclaimer about “undue burden and harm to the network.”

Hoskinson Torches Cardano Foundation

He asserted ownership of the CF’s ADA is “not clear,” claiming “the Swiss government stole the ADA,” and warned that letting the CF redeem would introduce an adversarial governance bloc: “They’d come in and instantly be adversarial […] and assert that they have some sort of governance control. Let somebody else have that NIGHT who’s going to do something more with it.”

He escalated further later in the stream: “At what point does the community tell the CF to f*** off […] the free [stuff] they already squandered?” and, when pressed on why to blacklist the Foundation’s addresses, replied, “Why invite a bad actor […] into an ecosystem?”

He added to his rant: “I’m out there alone and it’s expensive, guys. Some of these deals with the big guys, they’ve become eight figure deals. […] It’s frustrating because all of our competitors have foundations that in some cases have endowments that are in the billions to tens of billions of dollars and they’re hungry and aggressive, and they’re doing stuff and they’re investing in stuff and they’re really pushing things forward.”

Hoskinson also insisted that the Midnight rollout materially benefits Cardano rather than siphoning attention from it, pointing to custody and exchange integrations set up to list both Midnight and Cardano-native assets. “We just announced today the Copper partnership[…] any exchange that uses Copper as a custodian […] can now support that asset. And […] they didn’t just agree to support Midnight. They agreed to support Cardano and Cardano native tokens,” he said, grouping Copper with relationships involving Bitcoin.com, Blockchain.com and Brave.

Hoskinson also said IOHK is working with Chainlink on a first-ever UTXO deployment: “We sat down with Sergey [Nazarov] […] They’re skeptical about the engineering cost […] [but] ‘I think we can figure it out.’”

The CF critique broadened into a sweeping governance and resourcing indictment. Hoskinson alleged the Foundation “is just not deploying capital in meaningful ways,” noting its absence from recent conferences: “When I was at Salt […] who wasn’t there? The CF. When we were at Rare Evo […] there was no CF booth.”

The Midnight Foundation Is Different

By contrast, he cast the Midnight Foundation as aggressively commercial—110 deals in the pipeline and “hungry” account management across ecosystems—and pointed to Intersect, Cardano’s members-based body, as the organ that now embodies his original foundation vision: “You already got a members-based organization […] It took two years to build it […] Now just add like $600 million […] and give them four extra years.”

He drew a direct line from CF governance to reputational damage: “Members of the organization are low-key soft accusing us of stealing money […] Were there any apologies? Was there any attempt for reconciliation?”

The animus with the CF bled into an evidentiary promise. Hoskinson said the audit report is in the final stages—“we’re so close to the release”—intended to “close out a 10-year history lesson from 2015 to 2025,” including “the original contracts with IO […] how much funds were raised […] the sale […] ADA vouching,” and audits tied to the Cardano Foundation.

Hoskinson framed it as “complete exoneration on our part,” and “very damning” for the CF’s “recusal […] of their responsibilities,” arguing that the Foundation’s decision to distance itself from Cardano’s origin story “created a lot of problems.” The purpose, he said, is “sunlight”: “You push it all out there […] and I think those conclusions will be very positive and favorable to Input Output.”

At press time, ADA traded at $0.8795.

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France is moving on to a new phase in the introduction of cryptocurrency as the party of the extreme right-wing Lacembrement National (RN) is preparing a bill that will allow unused nuclear energy to be used for bitcoin mining. According to French newspaper Le Monde, the party leader and three-time President Marine Le Penn promoted the plan during a visit to the Freminil NPP on March 11, saying it was a reasonable way to turn lost electricity into “reliable and highly profitable” digital assets.

France Plan: A fine bitcoin with nuclear energy

The Rassemblyment National proposal has become one of France’s most debated cryptomen. The party argues that surplus should not be wasted because France often produces more electricity than it consumes. Lawmakers from RN Ornelien Lopes Ligoori have prepared a bill regarding the placement of equipment to mine Bitcoin at the nuclear facility of the state energy company Electricité de France (EDF). The idea is to direct unused nuclear energy (up to 1 gigabat excess) directly to mining farms. With over 70% of France’s electricity produced at nuclear power plants, excess electricity is sold in losses or sent to neighboring countries at the expense of France. Instead of selling excess energy to loss, France uses it for a more profitable business – Bitcoin mining and profit savings. The bill, introduced in the French Parliament on July 11, 2025, provides for a five-year pilot program that will allow energy companies to directly create mining companies in nuclear power plants. According to internal estimates, this could result in revenues of between $100 million and $150 million a year.

Political Turn: From Skeptics to Cryptocurrency Supporters

Support for Bitcoin mining by Rassemblement National shows a sharp shift towards the party towards cryptocurrency. In 2016, Marine Le Pen was adamantly opposed cryptocurrency, believing that it would advocate for citizens to take control of the finances, increase the power of global banks, and ban them from use in France entirely. But by 2022, Le Pen had eased her position and began supporting the regulated use of cryptocurrencies in the financial sector. And by 2025, she had openly advocated Bitcoin mining as part of her national strategy. This reflects significant changes both within the party and in public political discourse on the topic of code. After such a proposal failed in June 2025, Deputy Lopezalori revised the bill, focusing on national infrastructure and economic recovery, claiming that the plan would help France become more economically independent and solve long-standing problems of excess energy. In the case of adoption, France will connect Bitcoin mining for the first time in Europe, supporting the state with nuclear energy, and set an example for other countries looking to acquire excess renewable or nuclear energy.

The Bulls tend to have support at $114,000. Source: BTCUSD on tradingView.com

Token Maxi Doge (Maxi) raises $400,000 in advance sales as traders are showing interest

Maxi Doge (Maxi) is a new, bold meme coin built around a “only” culture that determines the encrypted market.

Tokens give the community the opportunity to “get out of the suffocating room,” escape restrictions and access potential X1000 transactions through the Maxi fund. 25% of the total problem aims to search for the most explosive tokens of the cycle using one rule without stop loss and without fear. Such investments are risky and confident for those who want to teach the greatest profits or leave the market empty. Maxi Doge is created for Real Crypto -Ethnic Extremes! Advance sales are still relevant. The non-assembled lots were collected as much as $400,000. To purchase $Maxi tokens now, go to Maxi Doge’s official website and connect Crypto-Coolant (for example, the best wallet). You can exchange USDT or ETH for tokens, or use your bank card to invest in your projects.

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Hassan Shittu

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Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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August 1, 2025

Bitcoin plunged below $115,000 on Friday as renewed political pressure from former President Donald Trump unsettled markets.

The top cryptocurrency dropped to $113,164, its lowest in weeks, triggering over $200 million in liquidations from leveraged long positions and raising fresh concerns over investor confidence. The drop comes amid escalating geopolitical tension.

Trump Orders Submarine Move Amid Russia Tensions, Bitcoin Reacts to Risk Fears

Trump announced the repositioning of two U.S. nuclear submarines in response to comments by former Russian President Dmitry Medvedev, now deputy chairman of Russia’s Security Council. Medvedev had criticized Trump’s ultimatum that Russia end its conflict with Ukraine within ten days, calling it “a step towards war.”

“Based on the highly provocative statements of the former president of Russia, Dmitry Medvedev, […] I have ordered two nuclear submarines to be positioned in the appropriate regions,” Trump wrote on Truth Social.

He added that “Words are very important and can often lead to unintended consequences. I hope this will not be one of those instances.”

Bitcoin’s price decline followed these remarks from Trump, reflecting broader investor anxiety as tensions between nuclear powers rise.

Friday’s market reaction also follows Trump’s public attacks on U.S. economic institutions. The former president accused Erika McEntarfer, Commissioner of Labor Statistics, of manipulating jobs data ahead of the 2024 election to help Kamala Harris.

He called for her immediate removal and claimed the Bureau had “faked the jobs numbers” by overstating employment growth.

“We need accurate Jobs Numbers,” Trump wrote. “She will be replaced with someone much more competent and qualified.”

He also turned his attention to the Federal Reserve, sharply criticizing its chair, Jerome Powell. Trump claimed the Fed’s pre-election rate cuts were politically motivated and called Powell “a stubborn MORON.”

“Jerome ‘Too Late’ Powell must substantially lower interest rates NOW,” he wrote. “IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!”

While presidents traditionally avoid interfering with central bank decisions, Trump urged Fed officials to overrule Powell and slash rates to support what he described as a booming economy under his leadership.

The Fed has held rates steady for five consecutive meetings, citing inflation concerns. But Trump, in a flurry of posts, accused Powell of damaging the economy and failing to act on the consequences of new tariffs.

Fed Governor Adriana Kugler Resigns, Opening Key Seat for Trump

Amid the political pressure, Federal Reserve Governor Adriana Kugler announced her resignation on Friday, creating a key vacancy at the central bank. Kugler, a Biden appointee, joined the Fed’s Board of Governors in 2023 and was a permanent voting member on the Federal Open Market Committee.

She did not give a reason for her early departure but stated she would return to Georgetown University in the fall.

“It has been an honor of a lifetime to serve,” Kugler wrote in a letter addressed to Trump. Her exit, nearly 18 months before her term was set to expire, clears a path for Trump to nominate a replacement.

Kugler had recently voiced support for keeping rates steady, pending a clearer picture of how tariffs are affecting inflation. She was absent during this week’s policy vote, where two Trump-appointed members dissented, favoring a rate cut.

Fed Chair Jerome Powell thanked Kugler for her service, noting her contributions brought “impressive experience and academic insights” to the Board.

Bitcoin Slides as Political Tensions and Market Jitters Weigh on Sentiment

Bitcoin slipped further on Friday as rising geopolitical tensions and cautious investor sentiment added pressure to already fragile markets. The cryptocurrency is now trading just 7% below its all-time high of $123,182 set in mid-July, though momentum in derivatives markets is showing signs of cooling.

Notably, the monthly futures premium for Bitcoin has narrowed to 6%, down from earlier highs this month. Analysts say the drop reflects reduced appetite for leveraged long positions, suggesting traders are becoming more risk-averse despite ongoing institutional interest.

Bitcoin’s recent price behavior has also contributed to uncertainty. Rather than acting as a hedge, the asset has moved in step with tech stocks, exposing it to broader macro and political shocks. With tensions between the U.S. and Russia flaring again this week, risk appetite appears to be shifting.

The political back-and-forth added to a market already grappling with trade friction and weak economic data. While gold has remained stable around $3,350, it has offered little relief for those hoping Bitcoin would act as a safe-haven alternative. Traders appear to be rotating into cash and short-term government bonds as volatility increases.

Despite the decline, Bitcoin remains well above its January levels. However, with global uncertainty rising, traders may remain cautious in the short term.

Amid the broader pullback, some investors are reassessing Bitcoin’s long-term role. Bridgewater Associates founder Ray Dalio, previously skeptical, has updated his outlook. Speaking on a recent podcast, Dalio recommended allocating up to 15% of a portfolio to gold or Bitcoin as a hedge against U.S. debt and inflation.

“The U.S. is entering a debt doom loop,” he said, referencing Treasury forecasts of $12 trillion in new debt within the next year.

Dalio noted that while Bitcoin remains volatile and faces regulatory questions, its role as a store of value is becoming harder to ignore.

If you’ve ever fancied the idea of getting into the uranium mining business, it’s unlikely you’ll find an easier route than the new browser-based clicker game from our friends over at Uranium.io. 

The tokenized yellowcake startup wants to entice more people to invest in the nuclear power industry with its new game. It’s called GetUranium.io, and it sees players take on the role of a uranium miner in a mad scramble to gather as much of the valuable energy resource as they can possibly collect in a short space of time. 

The game is much more than just an aimless clicker, though. Unlike other games in this genre, which are little more than mindless time-killers, GetUranium gives you the opportunity to amass real-world uranium ore that you can sell later at a profit. 

Tokenized Ore

If you’re wondering how that’s even possible, it’s all down to this idea of “tokenization”, in which physical uranium ore is collected, verified and then registered on the Tezos blockchain, where it’s represented as digital tokens. The idea behind tokenizing uranium is that it becomes much easier to invest in and trade this once-exclusive resource, expanding access to the uranium trading market. 

It’s the brainchild of an innovative startup known as Uranium.io, which has created an online marketplace on Tezos where anyone can buy and sell the U308 material that’s used to fuel nuclear power plants. For many people, it’s likely to be the only viable route to start investing in the substance known as “yellowcake”, which is heavily restricted by most governments. 

U308 is a rather precious material, and although yellowcake itself isn’t dangerously radioactive, there is a risk that it could be transformed into a much more deadly variant known as U-235, which is the name for the weapons-grade variety of uranium. That’s why it has only previously been possible to buy and sell U308 in volume via third-parties. For most people, the traditional way of investing in yellowcake wasn’t really viable, as the minimum lot size of 50,000 lbs costs around $4 million at the current market rate. 

With Uranium.io’s tokenized platform, everyone has a chance to buy and sell yellowcake in much smaller quantities. Investors can buy or sell tokens that represent U308 with as little as a few dollars. The tokens can be thought of as receipts for physical uranium that’s safely deposited at the secure facilities of the Canadian uranium mining outfit Cameco.

Earn Free Uranium

With the launch of its new game, GetUranium, the startup is now giving everyone the opportunity to experience the delights of uranium trading without investing so much as a cent. There’s no need to connect a crypto wallet to start playing, although you’ll definitely want to do so if you want to collect your uranium rewards later. 

The gameplay is ridiculously simple. It takes place in a uranium mining facility and all the player has to do is keep a watchful eye over the conveyor belt, which delivers a seemingly endless stream of uranium shards. Like all good clicker games, all you have to do is click on the uranium lumps in order to collect them. The more you click, the more you get, but be warned that the conveyor belt will rapidly pick up speed, with shards appearing ever-more frequently to increase the difficulty factor, as well as the rewards. 

As you collect more yellowcake fragments, you’ll be able to refine those and claim a proportion of the free xU308 tokens that Uranium.io is planning to giveaway via an airdrop at the end of Season One. Refining starts once you collect 100,000 shards, and after waiting eight hours, that will entitle you to receive one xU308 token via the end-of-season airdrop. 

To start playing the game, you can login via Google, Discord or X and then literally just get clicking. As you progress, you’ll find that you can obtain temporary boosters that can increase your earnings, including shard value multipliers and conveyor belt speedups, enabling you to increase the amount of uranium you can harvest. There are also permanent upgrades that boost the capacity and performance of your refinery, so you can transform more of those shards into tokens faster.  

Source: XU308

All in all, GetUranium looks to be a fun way to introduce more people to the idea of tokenization, mining, collecting and trading uranium online, as an alternative investment to the usual stocks and shares. The game itself is mentally taxing yet fun, and it’s one where your physical endeavors will result in tangible rewards at the end of the day. 

Season one has been up and running for a few weeks already, but there’s still around 20 days to go before it finishes, so you haven’t been left behind. The sooner you get started, the better placed you’ll be for when season two comes around. 

Main Image Source: Depositphotos

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According to a recent conference call, Méliuz Chairman Israel Salmen likened Bitcoin to a “nuclear reactor” after the company’s stock saw a sudden surge.

The fintech firm won shareholder approval to become Brazil’s first Bitcoin treasury company. Shareholders backed the shift by a large margin.

Salmen said the move marks a new path for Méliuz, one that ties the firm’s health directly to the performance of Bitcoin per share. It was a bold turn that has already caught the eye of investors at home and abroad.

Image: Shutterstock

Méliuz Builds Bitcoin Treasury

Based on reports, Méliuz paid about $28.4 million last week to acquire 274.52 BTC. Those coins join an existing stash of 45.78 BTC, bringing the total to 320 BTC.

Salmen noted that the firm plans to add more coins in an “accretive way,” using different financial tools. It’s not a hedge against market swings, he said.

Bitcoin now sits at the heart of the company’s balance sheet. Every new purchase should add real value to each share.

“Bitcoin is like a nuclear reactor that has been installed in our balance sheet.” – Meliuz (CASH3BZ, mkt cap $160M), Brazil’s first Bitcoin treasury company, Chairman Israel Salmen on the conference call pic.twitter.com/vpRw8z6Nbj

— matthew sigel, recovering CFA (@matthew_sigel) May 19, 2025

Stock Rally Fuels Interest

According to data shared by VanEck’s Matthew Sigel, Méliuz stock jumped from R$3.00 in mid‑February 2025 to R$10.70 by mid‑May.

Trading volume spiked in April, giving the rally fresh muscle. That kind of price move turns heads. Some traders say it’s a sign that linking the stock to Bitcoin could pay off.

Others warn that a pullback in Bitcoin would hit Méliuz hard. Still, the stock run has put the firm on the map.

Peers See Similar Gains

Based on market reports, Semler Scientific’s stock climbed 40% over a month, rising $12.53 to close at $42.36 on May 19.

The US‑listed firm said it posted a 22% BTC yield year‑to‑date as of May 12, adding 510 BTC and $52 million in dollar gains. And in a broader move, Strategy saw its share price rise 26% from $317 to $400 as of May 19.

Image: CPO Magazine

Strategy remains the largest corporate Bitcoin holder, controlling 576,230 BTC valued at roughly $59.57 billion. The company reported a gain of 73,120 BTC year‑to‑date, a 12% increase, and 140,538 BTC gains in 2024, equal to 24% of its holdings or about $13 billion in paper profit.

El Salvador’s Crypto Windfall

According to social media updates from President Nayib Bukele, El Salvador’s national Bitcoin fund now holds 6,181 BTC. The coins cost $287.1 million when bought, and their value today tops $640 million.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Solana-based NFT project Meatbags is launching a $1.4 million crowdfunding campaign to purchase a Cold War-era nuclear bunker in Rutland, England. The doomsday-themed digital collectible project, led by the pseudonymous team Dead Bruv, plans to sell 100,000 NFTs at $14 each to fund acquisition and renovation of the historic military installation through a decentralized governance model.

Key details:

• Meatbags will sell 100,000 NFTs at $14 each, with 10,000 reserved for existing holders via a 1:1 airdrop.

• The bunker auction is scheduled for April 24 with a guide price of £650,000 (~$862,257).

• NFT holders will join the “Billionaire Bunker Club” DAO to vote on future uses of the property.

• The 1.4-acre site features a 1960s British Royal Observer Corps bunker.

• If the auction bid fails, payment options include Solana Pay and credit cards, with a refund policy.

The #buythebunker Campaign Details

The Meatbags project has set an ambitious goal of raising $1.4 million through their NFT sale running from April 21 to April 24. Each “land deed” NFT costs $14, creating a pool of funds to cover the bunker’s purchase price, renovation costs, and ongoing operational expenses.

Existing Meatbags holders will receive special treatment, with 10,000 NFTs reserved for a 1:1 airdrop. At the same time, the remaining 90,000 tokens will be available to the public. The sale timing aligns with the bunker’s auction date of April 24.

The project includes flexible payment options through Solana Pay or credit cards. he team has committed to providing refunds within six months if their auction bid fails. Any excess funds raised beyond the purchase price will be allocated through DAO votes to fund future development.

Source: SDL Property Auctions

From Military Installation to NFT-Owned Property

The target property is no ordinary real estate acquisition. This Cold War relic is a 1.4-acre site featuring a 1960s British Royal Observer Corps bunker and a decommissioned reservoir. Built in 1960 and decommissioned in 1968, it was one of 1,500 nuclear monitoring posts across the UK designed to detect nuclear bursts and radiation during the Cold War.

A key selling point is that planning permission has already been approved for converting the facility into a luxury residence with cathedral-style ceilings and panoramic views. The structure’s 30-inch-thick concrete walls provide both historical significance and practical durability.

The property is currently listed by SDL Property Auctions with a guide price of £650,000. The auction is scheduled for April 24 – creating urgency for the crowdfunding campaign to reach its goals.

The Billionaire Bunker Club: DAO Governance Structure

Purchasers of the NFTs won’t just be funding the acquisition – they’ll have a say in what happens next. NFT holders will automatically gain membership to the “Billionaire Bunker Club,” a decentralized autonomous organization (DAO) with voting rights on the bunker’s future purpose.

The community has already begun floating creative ideas for the space, including:

• A “Doomsday DJ” nightclub

• An apocalyptic-themed Airbnb rental

• A premium survivalist retreat

• A members-only resort for NFT holders

If it all comes together, this could be one of the most interesting examples of how blockchain tech can be used to own something real.

Crypto Crowdfunding Evolution

The Meatbags project follows in the footsteps of previous crypto-driven crowdfunding initiatives but with key differences.

In 2021, ConstitutionDAO raised an impressive $47 million in an unsuccessful bid to purchase a copy of the U.S. Constitution. More successfully, LinksDAO acquired a Scottish golf club in 2023.

What sets the Meatbags campaign apart is its focus on a physical infrastructure asset with pre-approved redevelopment plans, creating clearer utility for NFT holders.

A doomsday-themed Solana NFT project is looking to sell 100,000 non-fungible tokens (NFTs) to buy a Cold War-era nuclear bunker in Rutland, England.

Dead Bruv, the creators of the narrative-driven NFT project Meatbags, plan to mint 100,000 NFTs, with Meatbags holders being airdropped 10,000. The the rest will be sold off starting April 21, starting at $14 a pop, according to a post on the Meatbags X account. 

Holders will gain entry into a decentralized autonomous organization (DAO), called the Billionaire Bunker Club, a “fully decentralized, community-governed real-world asset onchain,” which will vote on what happens with the bunker if the effort to buy it is successful. 

A few ideas floated by the NFT project include a “members-only survival resort with Doomsday DJ,” a location to hold end-of-the-world festivals, or “an Airbnb with caviar tastings and canned bean room service.” 

UK online auctioneer SDL Property Auctions has the bunker Dead Bruv is hoping to buy listed for a guide price of 650,000 British pounds ($862,257), and an auction date scheduled for April 24. 

The real estate listing says the bunker is located on 1.4 acres near a former reservoir and has permission to convert into a house. 

The bunker was built in 1960 to act as a monitoring post during the Cold War and was decommissioned in 1968. It was one of 1,500 tasked with reporting any nuclear bursts and monitoring any radioactive fallout, according to SDL Property Auctions.

Cointelegraph contacted SDL Property Auctions for comment. 

Nuclear bunker buy began as a joke

Robert, the pseudonymous co-founder of Dead Bruv, said in an April 18 statement to X that the initiative was about trying to “make NFTs fun again” and was sparked by a joke that turned into a “lightbulb moment.” 

“There’s not much to compare this to, but these are the kinds of things that made me fall in love with NFTs in the first place. Taking risks. Getting creative. Pushing the boundaries of what this tech can do to create something completely new, absurd, and incredible,” he said. 

“When something comes from a place of, this is completely insane, we gotta do it, that’s when I know we’re onto something,” Robert added. 

This isn’t the first time a DOA has turned to crowdfunding to buy an expensive item. ConstitutionDAO managed to raise about $47 million in Ether (ETH) in 2021 to purchase an original copy of the United States Constitution, which was going under the hammer at auctioneer Sotheby’s. 

Related: NFT sales plunge 63% in Q1, but Pudgy Penguins, Doodles buck trend

Ultimately, they were unsuccessful. The winning bid was $43.2 million, and the DAO was limited to a bid of $43 million by Sotheby’s to factor in taxes and the costs required to protect, insure and move the Constitution. 

Meanwhile, LinksDAO secured the winning bid to purchase Scotland-based Spey Bay Golf Club in May 2023. The DAO claims it added the US-based Hillcrest Country Club to its holdings in February. 

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

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