takeover – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 18 Aug 2025 11:13:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.11 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 takeover – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Dogecoin’s $2.3M daily mining profits lure Qubic after Monero network takeover https://earlybirdsinvest.com/dogecoins-2-3m-daily-mining-profits-lure-qubic-after-monero-network-takeover/ https://earlybirdsinvest.com/dogecoins-2-3m-daily-mining-profits-lure-qubic-after-monero-network-takeover/#respond Mon, 18 Aug 2025 11:13:58 +0000 https://earlybirdsinvest.com/dogecoins-2-3m-daily-mining-profits-lure-qubic-after-monero-network-takeover/

The controversial AI-focused crypto project Qubic has suggested it may mine Dogecoin (DOGE), the largest memecoin, after completing its current operations on Monero (XMR), the privacy-focused blockchain network.

On Aug. 17, Qubic Network founder Sergey Ivancheglo shared a Discord screenshot showing that the community voted to target Dogecoin for the upcoming mining season.

This decision followed a proposal from Ivancheglo inviting the community to select which ASIC-enabled proof-of-work (PoW) blockchain the network should prioritize next.

The options included Dogecoin, Kaspa, Zcash, and other ASIC-mined coins. Dogecoin emerged as the clear winner, securing around 301 votes, more than all other options combined.

If Qubic begins mining DOGE, it could gain more notoriety than during its Monero operations. Last week, Qubic claimed control of most of Monero’s hashrate, which led Kraken to temporarily suspend XMR deposits amid reports of a 51% network attack.

Dogecoin mining

Dogecoin, launched in 2013 as a joke, has evolved into a major player in the crypto market.

The coin gained widespread attention after Elon Musk highlighted it several times on X (formerly Twitter), helping DOGE grow into a top-10 crypto asset with a market capitalization exceeding $33 billion.

However, mining DOGE would be far from straightforward. Competition in the space has intensified over the years, with major Bitcoin miners such as BIT Mining generating significant revenue from Dogecoin mining.

According to CoinWarz data, Dogecoin’s network hash rate currently stands at 2.93 PH/s, offering miners potential profits of roughly $21 per day per unit of mining power.

Due to this, Ivancheglo emphasized that preparations for mining DOGE will take months, with the Qubic pool continuing to mine Monero during this period.

Dogecoin mining profitability

While precise network-wide figures aren’t published, a back-of-the-envelope estimate suggests Dogecoin miners collectively earned in the ballpark of $0.84–$1.02 billion over the last 12 months.

Using Dogecoin’s issuance math (≈1,440 blocks/day × 10,000 DOGE) and an average price assumption of ~$0.16 implies roughly $2.304 million/day (≈$841 million/year).

Cross-checking with a revenue-per-hash snapshot of ~$1.08 per GH/s against an aggregate network hashrate near ~2.6 PH/s (≈2,600,000 GH/s) yields about $2.808 million/day (≈$1.025 billion/year).

These are gross figures (fees are small, electricity and opex excluded) and will vary with DOGE price and hashrate swings, but they frame the scale of potential revenue Qubic is eyeing.

Qubic’s goal

Ivancheglo explained that his AI project targets these PoW blockchains to redirect energy-intensive proof-of-work computations toward artificial intelligence applications.

According to him:

“A lot of electricity is burned for useless PoW, we need that electricity for AI. These words may be hard to get and I cannot reveal more now, in the future they will eventually click.”

Notably, Qubic has developed a “useful proof-of-work” system that turns crypto mining energy into productive computation. Instead of solving meaningless puzzles like traditional PoW, the network spreads tasks across miners to advance artificial intelligence research.

According to the project, this method directs energy toward real-world outcomes and helps train AI models, which supports its long-term goal of creating Artificial General Intelligence (AGI).

Mentioned in this article
]]> https://earlybirdsinvest.com/dogecoins-2-3m-daily-mining-profits-lure-qubic-after-monero-network-takeover/feed/ 0 53806 The paternalistic roots of Trump’s federal takeover of DC https://earlybirdsinvest.com/the-paternalistic-roots-of-trumps-federal-takeover-of-dc/ https://earlybirdsinvest.com/the-paternalistic-roots-of-trumps-federal-takeover-of-dc/#respond Fri, 15 Aug 2025 12:35:55 +0000 https://earlybirdsinvest.com/the-paternalistic-roots-of-trumps-federal-takeover-of-dc/

Just a few years ago, the movement for Washington, DC, statehood was gaining steam. In 2020 and 2021, Democrats in the House passed bills to make DC the 51st state, re-energizing the fight to grant residents of the nation’s capital representation in Congress.

Those bills were ultimately doomed because of strong Republican opposition. But now, statehood for Washington, DC, seems even more far-fetched. Earlier this week, President Donald Trump took the extraordinary step of ordering a federal takeover of DC’s local police department. He also mobilized the DC National Guard, deploying troops in the city to allegedly fight crime.

This didn’t necessarily come as a surprise. For some time, Trump has fantasized about taking over DC altogether, saying that the federal government would do a much better job running the city than its current mayor, Muriel Bowser.

So, how did DC go from building a growing movement for statehood to a hostile federal takeover in just a few short years?

The simple answer is that Republicans are now in power, and they’d like to make an example out of DC. But even without Republican control of the White House or Congress, statehood and full self-governance have always been an uphill battle, because there’s also a deeper history of the federal government’s paternalistic relationship with the nation’s capital.

DC’s self-governance has always been controversial

Washington, DC, was specifically established to serve as the nation’s capital. The US Constitution gave Congress the power to create a small federal district that doesn’t exceed 10 square miles to serve as the seat of the federal government. In 1790, Congress passed the Residence Act, which paved the way to build a new capital along the Potomac River. And so, DC was established by carving out land from Maryland and Virginia (which later took its portion back) and was under Congress’s jurisdiction. That meant there would be no democratically elected mayor or local government.

But DC grew into a full city, with residents living there on a permanent basis — not just to serve the federal government. And, for most of the city’s history, those residents were entirely disenfranchised — unable to get representation in Congress or even vote for president. That changed during the civil rights era, when DC’s voting rights (or lack thereof) garnered more attention, in no small part because of the city’s large Black population, which, by 1960, had become the majority. As a result, the constitution was officially amended in 1961 to grant DC residents the right to vote for president, but the amendment stopped short of granting them representation in Congress.

Even then, DC didn’t have a democratically elected local government. So, in 1974, Congress passed the DC Home Rule Act, which allowed residents to elect their own mayor and council. That finally gave the nation’s capital some form of self-governance, but Congress ultimately retained its power to overrule local laws and budgets if it so pleased.

The federal government’s resistance to giving DC autonomy is ultimately rooted in racism. Known as Chocolate City, DC was the epicenter of Black arts, culture, and politics. And since it gained the right to vote for local officials, DC has only ever elected Black mayors. As a result, opposition to DC statehood has often leaned on the paternalistic and racist notion that Black people can’t be trusted to govern themselves — that the city’s residents simply don’t know what’s best for them. That’s why conservative lawmakers have pointed to issues like crime or corruption as evidence that DC can’t be trusted to be a state.

In 2021, for example, Steve Scalise, the Republican House majority leader, wrote, “Why should the District of Columbia be granted statehood when it can’t even perform basic governmental duties like protecting its residents from criminals?” Scalise also said that the city was simply too corrupt to be a state. These kinds of arguments have been repeated by people on the right for decades, despite the fact that states, including Scalise’s own Louisiana, are well-known for their corruption and crime. So even if those issues were a legitimate concern (they shouldn’t be), then why should the residents of DC be treated any differently than other Americans?

Part of the reason in recent years has less to do with explicit racism and more to do with partisan politics. If DC were to get full representation in Congress, it would undoubtedly benefit Democrats, since the city is overwhelmingly Democratic. (Trump, for example, only got 6.5 percent of the vote in DC in 2024.) That explains why Democrats are on board with DC statehood while Republicans are fiercely opposed.

But this is the natural extension of the overt racism that has long defined opposition for DC self-governance. Before the Home Rule Act, President Lyndon B. Johnson reorganized how the district was governed and appointed Walter Washington to serve as the mayor-commissioner of DC. When Washington, who was Black, submitted his first budget to Congress, the response was astonishingly racist; John McMillan, a Democrat from South Carolina who chaired the House Committee on the District of Columbia, sent Washington a truckload of watermelons.

Now, Republicans might not play the same tactics, but the degree to which they ignore Black Washingtonians and their rights is unmistakable. “Yes, Wyoming is smaller than Washington by population, but it has three times as many workers in mining, logging, and construction, and ten times as many workers in manufacturing,” Tom Cotton, the Republican senator from Arkansas, said in 2021 in a speech opposing DC statehood. “In other words, Wyoming is a well-rounded working-class state.”

But, as I noted then, roughly 140,000 people in DC’s labor force were considered working class in 2016, according to the Center for American Progress, while about 220,000 workers in Wyoming were considered working class. The most notable difference in those two populations is that the vast majority of DC’s working class was made up of people of color, while 84 percent of Wyoming’s working class was white.

The consequences of federal control

Federal intervention in DC’s affairs has often poorly served residents, and not just because they have, through the years, been denied voting rights, self-governance, and representation in Congress. Congress’s meddling in local laws has ultimately served the interests of lawmakers from other states and not the interests of the people living in the city.

One of the most notable examples of this was during the AIDS epidemic. In the 1990s, DC spent money on needle exchange programs, which research has shown is critical in preventing the spread of infectious diseases, including HIV/AIDS. But, Congress banned the city from using its own funds on needle exchange programs — a ban that lasted nine years. During that time, the city saw a surge in infections and had the highest rate of HIV per capita in the country, even exceeding rates in developing countries. And, because DC was a majority Black city, the policy disproportionately affected Black people.

Trump’s plan to federalize the local police force follows those exact footsteps — placing his own interests above those of DC residents and their elected officials. The move is a blatantly political one. Trump is using DC as a warning to other cities: If you pass progressive criminal justice laws, then he will try his best to intervene.

It’s a paternalistic instinct, one that is anti-democratic at its core, taking local control away from the hands of voters. And what’s unfortunate for DC is that Trump’s move is not entirely unprecedented. It falls in line with how the federal government has long viewed DC’s self-governance: at best an inconvenience, and at worst, a threat.

]]> https://earlybirdsinvest.com/the-paternalistic-roots-of-trumps-federal-takeover-of-dc/feed/ 0 53318 Donald Trump’s takeover of DC police is legal, but there’s a catch https://earlybirdsinvest.com/donald-trumps-takeover-of-dc-police-is-legal-but-theres-a-catch/ https://earlybirdsinvest.com/donald-trumps-takeover-of-dc-police-is-legal-but-theres-a-catch/#respond Tue, 12 Aug 2025 20:15:50 +0000 https://earlybirdsinvest.com/donald-trumps-takeover-of-dc-police-is-legal-but-theres-a-catch/

On Monday, President Donald Trump released an executive order invoking a rarely used federal law that allows him to temporarily seize control over Washington, DC’s police force. Later the same day, DC’s Democratic Mayor Muriel Bowser seemed to concede that there’s nothing she can do about it.

“What I would point you to is the Home Rule Charter that gives the president the ability to determine the conditions of an emergency,” Bowser said Monday afternoon. “We could contest that, but the authority is pretty broad.”

Bowser is almost certainly correct that Trump can seize control of her city’s police force, at least for a little while.

The District of Columbia is not a state, and does not enjoy the same control over its internal affairs that, say, nearby Virginia or Maryland does. The Constitution gives Congress the power to “exercise exclusive Legislation in all Cases whatsoever” over the nation’s capital. If Congress wanted to, it could turn DC into a federal protectorate tomorrow.

In 1974, however, Congress enacted the District of Columbia Home Rule Act, which generally gives DC residents the power to elect the city’s leaders. But that law contains an exception that allows the president to briefly take command of DC’s police.

“Whenever the President of the United States determines that special conditions of an emergency nature exist which require the use of the Metropolitan Police force for federal purposes,” the law provides, the president may require the city’s mayor to provide him “such services of the Metropolitan Police force as the President may deem necessary and appropriate.”

The same law, however, also provides that presidential control over DC police must terminate after 30 days, unless Congress takes some action to extend it. So, assuming that the courts actually apply this 30-day limit to Trump, Trump’s control over DC’s local police will only last a month at most.

Indeed, Trump’s own executive order seems to acknowledge that his powers are time-limited. The order requires Mayor Bowser to “provide the services of the Metropolitan Police force for Federal purposes for the maximum period permitted under section 740 of the Home Rule Act.”

The Home Rule Act, moreover, is fairly adamant that this 30-day limit is real. It provides that, absent congressional action, “no such services made available pursuant to the direction of the President … shall extend for any period in excess of 30 days.” So, if Trump does try to extend the time limit without Congress’s consent, the courts should not permit him to do so.

Trump often uses “emergency” powers to address ordinary things

Trump loves to declare emergencies. In his first 100 days in office, he declared eight of them, more than any other president — including himself in his first term. His DC police order is just the latest of these emergency declarations. Trump claims that “crime is out of control in the District of Columbia,” and this supposed situation justifies invoking emergency powers to take control of DC’s police.

The idea that DC faces a genuine emergency is a farce. As pretty much everyone who has written about Monday’s executive order has noted, violent crime rates in the city are at a 30-year low. So, even if you concede that crime is such a problem in DC that it justifies a federal response, that problem has existed for three decades. A persistent problem is the opposite of an emergency.

That said, Bowser is correct that the Home Rule Act’s text permits the president, and the president alone, to determine whether an emergency exists that justifies taking control of DC’s police. The relevant language of the statute provides that Trump may invoke this power “whenever the President of the United States determines that special conditions of an emergency nature exist.”

Broadly speaking, it makes sense to give the president unreviewable authority to decide when to invoke certain emergency powers. The very nature of an emergency is that it is a sudden event that requires immediate action, without which matters could deteriorate rapidly. Think of a heart attack, a major natural disaster, or an insurrection.

Suppose, for example, that a violent mob attacks the US Capitol during an important national event, such as the congressional certification of a presidential election. When Congress enacted the Home Rule Act, it quite sensibly could have thought that the president should be able to draw upon all nearby law enforcement officers to quell such an attack on the United States — without having to first seek permission from local elected officials, or a judge.

Congress, of course, did not anticipate that the president might be complicit in such an attack. But that doesn’t change the fact that the statute says what it says. A nation as large and diverse as the United States cannot function unless its chief executive has the power to take some unilateral actions. If a president abuses that authority, the proper remedy is often supposed to be the next election.

It’s worth noting that not every emergency statute is worded as permissively as the Home Rule Act’s provision governing local police. In May, for example, a federal court struck down many of the ever-shifting tariffs that Trump imposed during his time back in office. One of the plaintiffs’ primary arguments in that case, known as V.O.S. Selections v. Trump, is that Trump illegally tried to use an emergency statute to address an ordinary situation.

Trump primarily relied on a statute known as the International Emergency Economic Powers Act of 1977 (IEEPA) to justify his tariffs. That law gives him fairly broad authority to “regulate” international transactions, but this power “may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared.”

Thus, the text of IEEPA is quite different from the text of the Home Rule Act. While the Home Rule Act permits the president to act whenever he determines that an emergency exists, IEEPA imposes two conditions on the president. One is that there must be an emergency declaration, but the other is that the president must invoke IEEPA to deal with an actual “unusual and extraordinary threat.”

Trump claims that many of his tariffs are justified because of trade deficits — the United States buys more goods from many nations than it sells — but the US has had trade deficits for at least two decades. So trade deficits are hardly an “unusual and extraordinary threat.”

Some of Trump’s invocations of emergency power, in other words, are vulnerable to a legal challenge. But the question of whether any particular invocation may plausibly be challenged in court will turn on the specific wording of individual statutes.

Will the courts actually enforce the 30-day limit?

All of this said, the Home Rule Act does contain one very significant limit on presidential power: the 30-day limit. And the statute is quite clear that this limit should not be evaded. Again, it states that “no” services made available to the president “shall extend for any period in excess of 30 days, unless the Senate and the House of Representatives enact into law a joint resolution authorizing such an extension.” (The law also permits Congress to extend this 30-day limit by adjourning “sine die,” meaning that Congress adjourns without formally setting a date for its return, something it typically only does for a brief period every year.)

So what happens if, a month from now, Trump declares a new emergency and tries to seize control of DC’s police for another 30 days? If the courts conclude that he can do that, they would make a mockery of the Home Rule Act’s text. Presidents should not be allowed to wave away an explicit statutory limit on their authority by photocopying an old executive order and changing the dates.

That said, the Supreme Court is dominated by Republicans who recently held that Trump may use the powers of the presidency to commit crimes. So, while the Home Rule Act is very clear about the 30-day limit on Trump’s power, there is no guarantee that this Supreme Court will rule that the law applies to him.

]]> https://earlybirdsinvest.com/donald-trumps-takeover-of-dc-police-is-legal-but-theres-a-catch/feed/ 0 52868 Ken Griffin’s Citadel and Other Hedge Fund Giants Win Big on $53,000,000,000 Takeover of US Energy Company: Report https://earlybirdsinvest.com/ken-griffins-citadel-and-other-hedge-fund-giants-win-big-on-53000000000-takeover-of-us-energy-company-report/ https://earlybirdsinvest.com/ken-griffins-citadel-and-other-hedge-fund-giants-win-big-on-53000000000-takeover-of-us-energy-company-report/#respond Sun, 20 Jul 2025 19:51:16 +0000 https://earlybirdsinvest.com/ken-griffins-citadel-and-other-hedge-fund-giants-win-big-on-53000000000-takeover-of-us-energy-company-report/

Several hedge funds are profiting big after their bet that gas giant Chevron would successfully acquire competitor Hess Corporation in a $53 billion deal.

Firms that specialize in merger arbitrage are looking at billions of dollars in windfall after a 20-month court arbitration finally concluded on Friday, Bloomberg reports.

Merger arbitrage is a trading strategy that involves betting on the outcome of a merger or acquisition, typically by taking long and/or short positions in the stocks of the companies involved.

According to a Morgan Stanley calculation, shares of Hess were the most widely held position for merger arbitrages in the US, collectively amounting to $10 billion worth of positions.

Notably among those betting on the acquisition were Ken Griffin’s Citadel Advisors, Adage Capital and HBK Investments.

Roy Behren, co-chief investment officer at Westchester Capital, says the firm held roughly $350 million in Hess shares in anticipation of the acquisition

“I’ve been waiting forever for this to happen. It took a year and a half, but I think the right outcome was achieved… The Hess stake was the largest position we have had in the past 15 years. The arbitration panel ruled the way our consultants and analysts expected.”

Citadel and HBK each had the equivalent of $1 billion in shares, according to the firms’ latest filings, says Bloomberg.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

]]> https://earlybirdsinvest.com/ken-griffins-citadel-and-other-hedge-fund-giants-win-big-on-53000000000-takeover-of-us-energy-company-report/feed/ 0 48753 Kraken Lear Wing Takeover Contest Announcement: Memecoin Awowdown https://earlybirdsinvest.com/kraken-lear-wing-takeover-contest-announcement-memecoin-awowdown/ https://earlybirdsinvest.com/kraken-lear-wing-takeover-contest-announcement-memecoin-awowdown/#respond Tue, 08 Jul 2025 16:17:23 +0000 https://earlybirdsinvest.com/kraken-lear-wing-takeover-contest-announcement-memecoin-awowdown/

🏁 Start the engine and start your favorite memokine! Kraken has you in the driver’s seat of the legendary Crypto competition!

In July this year, Meme Coin will be wheel-to-wheel with high octane, holdbar red Trading race where There is only one token Cross the finish line… straight Atlassian Williams Racing FW47 car rear wing Singapore Grand Prix. This is more than making memes. This is to make Memocoin history.

What is the contract?

from July 8th – August 8th, 2025Tracking the trading volume of The most painful, Dunkest, most meme coins With the Kraken app. Who has the best US dollar trading volume on the Kraken app and MemeCoin won a literal spot on the F1 grid In Rear wing of Williams Racing Carscreams at Singapore’s night race, like a penger running on rocket fuel, next to the Kraken logo.

running running memes

We have manually selected some of the most community-equipped tokens in the crypto-sphere. Here are our Rear Wing Glory competitors: Click on the token name or image to go directly to the trading screen in the Kraken app.

It’s a memocoin brawl. Blockchain Battle Royale. A token slowdown that is suitable for the main stage.

💸How can I participate?

easy. Simply trade your favorite Memecoin in the Kraken app. that’s it. No sign up, forms, no KYC hurdles (beyond standard ones). The coin with the most trading volume wins. You won’t win a prize directly, but if your coins take the crown, the right to brag is valuable.

❗ Some important notes:

  • c is required Crack Account.
  • Open globally except for chere UK, Singapore, Austria, Türkiye, New Zealandyet other restricted jurisdictions.
  • Trade only on 📈 Crack app count. Tracking the volume USD.
  • 🧠 There’s no bots, wash trading or shady business. When it comes to smelling the operation, we are dogs.

What is the award?

There is only one award, and it’s a big award. Get the token logo Scatters across the Atlassian Williams Racing FW47 car rear wing Between Singapore Grand Prix. It’s a major real estate. Think exposure, screenshots, fame!

Here, individuals win or are products, and there is nothing so trivial. This is about something very big: Glory of the Memecoin community.

📅Timeline

start: July 8, 2025 12:00am UTC
Finish: August 8, 2025 11:59pm UTC
The winner reveals: Early August, via Kraken Socials & Blog

So are you ready to send your favorite Memecoin to the grid?

Start a trade, spread the memes and see who’s registering it on the podium. Because in July, one coin will take the wings. One wing to rule them all!
 🚗💨💨

Get started with Memecoin Aheaddown! If you already have the Kraken app, click on the assets you want to trade: $toshi, $pengu, $dog, $bonk, $lofi or $ponke. Do you have the Kraken app?

Full terms and conditions here.

Kraken is not responsible for any changes or inability to use the Internet or for any interference in your ability to access or otherwise participate in promotions. Without limiting any other provisions of these rules, Kraken and the Kraken-related parties are not liable or liable for damages or losses, including God’s actions, failure to equipment, terrorist actions, earthquakes, war, floods, epidemics, explosions, unusually harsh weather, explosions, explosions, labor disputes, transportation, any type of disability, local government offices, etc., or other damages or losses, including equipment, war, floods, epidemics, explosions, government transport, etc., or any other damages or losses, including equipment, war, floods, epidemics, explosions, government transport, etc. Specifically, the above.

]]> https://earlybirdsinvest.com/kraken-lear-wing-takeover-contest-announcement-memecoin-awowdown/feed/ 0 46494 Takeover successfully hosts the second Bitgara celebrating Bitcoin in Las Vegas https://earlybirdsinvest.com/takeover-successfully-hosts-the-second-bitgara-celebrating-bitcoin-in-las-vegas/ https://earlybirdsinvest.com/takeover-successfully-hosts-the-second-bitgara-celebrating-bitcoin-in-las-vegas/#respond Sun, 08 Jun 2025 04:40:27 +0000 https://earlybirdsinvest.com/takeover-successfully-hosts-the-second-bitgara-celebrating-bitcoin-in-las-vegas/

Las Vegas, Nevada, May 26, 2025 – Takeover, Magic Eden, Spark, and Stacks hosted their second annual Bitgala on May 26th at Wynn, Las Vegas. The celebration brought together over 200 Bitcoin industry leaders and community members for an evening dedicated to celebrating Bitcoin.

Bitgara was designed as a collection of curation focused on continuous development, education and adoption, reflecting on Bitcoin’s journey towards an open, decentralized money future. The event brought together key leaders to create meaningful opportunities for collaboration and strategic partnerships within the Bitcoin sector.

“Bitgala celebrates its partnership with Spark and markets major leap for Bitcoin,” said Elizabeth Olson, head of marketing for Bitcoin at Magic Eden. “As a #1 Bitcoin app, Magic Eden has been pushing Bitcoin L1 to limits over the past few years. It’s always aimed at making Bitcoin easier to use, faster and more fun, without being at the core. We believe it has the potential to unleash a new era of building Bitcoin.

“Bitgara was a stunning celebration of Bitcoin culture, where luxury meets Cypherpunk Spirit. It proves that Bitcoin is not just a protocol, but a move that connects freedom-conscious people like art, fashion, finance and more. – Stack’s COO Lenasher.

The evening against the backdrop of territory brought together innovators, investors and community leaders for an evening dedicated to celebrating the growth of Bitcoin and those driving its future.

The program began with a welcome reception followed by gourmet hors d’oeuvres and lively conversations. The Keynotes and Honor segment recognized people making meaningful advances in the adoption and development of Bitcoin. Guests were then invited to explore the premium tequila tasting experience curated at Reach and indulge in an interactive gourmet chef station.

“Our team has been lucky enough to be part of the Bitcoin community since 2016, so we are excited to see all the progress on display at Bitcoin 2025 almost 10 years later. The energy in the Bitgara room was electricity. Melrose PR, and founder and CEO Kelley Weaver, founder and CEO, Bitwire, pointed out.

This unforgettable gathering, which became homework in collaboration with major organizations such as Magic Eden, Spark and Stacks, was more than a celebration. It was a call to continue to advance innovation, education and adoption.

Bitcoin ecosystem. Bitgala has been made possible through the generous support of key sponsors and partners who share Takeover’s commitment to promoting connectivity in Web3 spaces.

“We focus on making Bitcoin more useful to everyone, and events like this remind us that we are not alone on its mission. It was inspiring to connect with others who share a vision for a more open and decentralized financial future with Bitcoin.” – Spark Team

Sponsor presentation:

  • Magic Eden – the largest NFT marketplace and Runes platform.
  • Spark – The fastest, cheapest, cheapest and most UX-friendly way to build financial apps and launch assets with Bitcoin.
  • Stack – Enables smart contracts and apps with Bitcoin with Bitcoin L2 as a secure base layer.

Support Partner:

  • Reach Ventures – A gaming-focused VC company that actively invests in both early stages and demo-enabled game studios.
  • Arch Network – Bitcoin native platform for building smart contracts with decentralized apps directly on Bitcoin.
  • Melrose PR – An on-chain telecom company that has focused solely on the Crypto industry for nearly a decade.
  • Bitwire – Modern newswire has been rethinked for today’s communications experts.

Collaborative support from these organizations helped to provide memorable events for all participants.

Actor and comedian TJ Miller was also a speaker at the event. “Bitcoin Conference 2025 was unbelievable for so many reasons. It was a very enjoyable journey to be with many like-minded people who share the same values. Fiat, it’s a big shoe to meet.

About Takeover

Takeover is an experiential institution at the forefront of culture and innovation in the Crypto space, known for curating powerful moments that educate, connect and inspire. The global Bitcoin Dinner Series and annual flagship event, Bitgara became the foundation for Web3’s community building. Last year they made headlines with a dramatic acquisition of the Parthenon in Nashville.

About Magic Eden

Magic Eden is the easiest platform to trade all your digital assets on-chain. As #1 Bitcoin app and the largest NFT marketplace, we offer a seamless trading experience for everyone. Magic Eden’s acquisition of Slingshot has expanded its ability to provide frictionless transactions of over 5,000,000 tokens across all major chains. Magic Eden’s expanded product suite includes cross-chain wallets, powerful trading tools, and the ability to seamlessly trade NFTs and tokens.

Disclaimer:This is a sponsored press release. Readers are encouraged to carry out their own due diligence before acting on the information presented in this article.

]]> https://earlybirdsinvest.com/takeover-successfully-hosts-the-second-bitgara-celebrating-bitcoin-in-las-vegas/feed/ 0 40783 The hostile takeover of America Incorporated https://earlybirdsinvest.com/the-hostile-takeover-of-america-incorporated/ https://earlybirdsinvest.com/the-hostile-takeover-of-america-incorporated/#respond Sun, 13 Apr 2025 18:40:58 +0000 https://earlybirdsinvest.com/the-hostile-takeover-of-america-incorporated/

The following is a guest post and opinion of Adrian Brink, Founder of Namada.

The United States is no longer a nation, it is the world’s wealthiest conglomerate, and it is in the midst of a leveraged buyout. Donald Trump’s second term agenda is reading like a private equity playbook, treating the public sector like a balance sheet to strip, flip, and relist. Trump knows the importance of narratives in politics, and this is his gambit to see his party stays in control, with a potentially very bullish mid- to long-term outcome for the American economy and the crypto industry.

Trump has acquired the company by winning the election. Now, he is focused on delivering on his most vocal campaign promises as it relates to American culture and society in the short term, while economically resetting for the midterms. With the idea in mind of making America’s balance sheet look as attractive as possible, he is doing all that he can to gut it, making a big gamble on what these economic policies could mean for American citizens and the nation’s allies. 

The Private Equity Playbook: Purging Leadership and Slashing Costs

His first act of business was to purge senior leadership, from the Justice Department to the Pentagon, mirroring PE firms emptying C-suite executives and replacing them with loyalists. With the help of one of the world’s most prolific billionaire’s, Elon Musk, DOGE is working on cutting costs, starting with the elimination of over 60,000 federal jobs. 

This isn’t just for austerity; its operational streamlining for a leaner, more financially attractive America Inc.

Tariffs are Trump’s preferred – and unsurprisingly controversial – revenue tool to try and bring wealth into the conglomerate. They are easy to implement without the time-consuming process of Congressional approval and, more importantly, they are low-cost since they don’t require an expansion of the IRS. Crucially, tariffs are not distortive of the real economy like other forms of taxes are. Politically, he can frame them as an America First policy that will bring money into the country from the nations that he frames as unfair business partners rather than geopolitical allies. 

It is a great move from an optic perspective, as long as those viewing the move accept the risks for international relations and the consumer burden of expensive imports. It is shaping up so that in the next year, we will continue to see aggressive cost rationalization by the current administration. 

This will include the continued shuttering of “unprofitable” and inefficient business departments: climate programs, education grants, diversity initiatives, and other social spending programs. Ultimately all these efforts are an attempt to maintain revenue while reducing cost, to clean up the conglomerate for the real show, Trump’s relisting of America to the market. 

The IPO of America Inc.

The IPO phase is where we are going to see the real results of the administration’s efforts, whether they will be successful or wildly off target, only time will tell. In order to re-list America by the midterms in 2026, the administration desperately needs better metrics. Right now, this may seem impossible given the tremendous market slide that has taken place in the wake of the election. 

But, the leaders of this hostile takeover may have some tricks up their sleeves for inflating top-line revenue numbers by turning the money printer back on. The potential for deficit-funded tax cuts and helicopter money in the form of a direct stimulus check is already being floated around. Plus, if the administration is successful in forcing the hand of the Federal Reserve, a nicely timed rate cut, despite still rising inflation, would fuel an incredibly bullish rally across everything from stocks and real estate to crypto and perhaps even NFTs and memecoins.

Engineering a Market Rally to Sell America’s Comeback

Midterm voters will be offered a prospectus of prosperity. Their bank accounts will be surging, along with property values and political sentiment. GDP growth will be inflated by deficit spending and unemployment figures will be suppressed by the influx of work in the gig economy that we see during times of high spending and the potential reclassification of employment statistics. 

I expect Trump will turn on the money printer around Q3/Q4, and as inflation goes up, he’ll deploy helicopter money to offset its effects and redistribute the cash. Ultimately this is just a different, and easier, way to administer taxes. Rather than redistributing the proceeds through government spending, you just redistribute it through direct handouts. Another major benefit of this strategy is that the inflation will reduce the nominal debt burden substantially.  

The private equity strategy in short: gut spending now for the next nine months, then turn on the money printer, tolerate high inflation for 12 months while asset prices soar and you massively shrink the nominal debt burden. It’s a risky one, especially in terms of political fallout and international relations in the short term, but long term it could pay dividends massively for the American economy.

It will be interesting to see how this all plays out, particularly for the crypto industry, given the push to make America the center of crypto innovation and the focus on stablecoins as the key to ongoing US dollar dominance. Despite the risk and potential second order effects of this hostile takeover of America Inc, it may very well be the catalyst for crypto adoption the industry has been hoping for.

Mentioned in this article
]]> https://earlybirdsinvest.com/the-hostile-takeover-of-america-incorporated/feed/ 0 30606 Reclaiming tokenisation, or how to avoid a TradFi takeover https://earlybirdsinvest.com/reclaiming-tokenisation-or-how-to-avoid-a-tradfi-takeover/ https://earlybirdsinvest.com/reclaiming-tokenisation-or-how-to-avoid-a-tradfi-takeover/#respond Thu, 20 Mar 2025 09:10:20 +0000 https://earlybirdsinvest.com/reclaiming-tokenisation-or-how-to-avoid-a-tradfi-takeover/

The following is a guest post from Jesse Knutson, Head of Operations at Bitfinex Securities.

Tokenization is at a tipping point. Outside of the crypto world, awareness is growing that tokenizing assets really could be a ticket to doing finance differently. 

Traditional banking giants are busy working on projects to understand how best they can tap into this potential. Governments in major financial centers from the UK to Singapore have launched sandboxes to see how regulation could support capital markets infrastructure underpinned by blockchain technology.

The blockchain and finance press have been littered with headlines of successful pilots, including Siemens’ $330 million digital bond, issued last year as part of the European Central Bank’s trial to settle central bank money on blockchains.

These news stories have undoubtedly highlighted tokenization positively. But there’s a problem. Many of the reported ‘success stories’ are so far removed from what tokenization could—and should—be that they are essentially TradFi transactions in disguise. 

Take the Siemens example. It was undoubtedly a success insofar as it proved that digital bonds could be settled much more quickly than is currently possible via traditional means. However, the bond was issued on a private blockchain, which needed Deutsche Bank to facilitate settlement, and it seemed to offer no mechanism for self-custody. 

I believe this is not what a tokenized bond should look like. Tokenization’s core is disintermediation, which empowers users by streamlining the technologically obsolete parts of the capital markets ecosystem.

Tokenization replaces the work of transfer agents, central depositories and clearing systems, custodians, and compliance reporting with cheaper, faster, and more transparent on-chain solutions. At the same time, it offers investors more flexibility, including by offering much lower entry points compared to traditional markets.

I fear that the TradFi behemoths could commandeer tokenization further, looking for ways to create new, innovative products for their client bases. Larry Fink’s recent call for the U.S.’s SEC to “rapidly approve the tokenization of bonds and stocks” could mean we’re edging closer to the point of no return. 

Despite President Donald Trump’s apparent embrace of the crypto community, the concrete announcements we have seen on the U.S.’s position on crypto—notably the strategic bitcoin reserve—have been viewed by some as underwhelming. This could prove pivotal for the incumbent banking sector. 

While the major crypto players are still grappling with where the industry is heading, this potentially allows the banking lobby to capitalize on a crypto-positive U.S. administration.

It will be a missed opportunity for tokenization if we end up with a regulatory environment that means traditional finance players leverage blockchain technology for their own ends, improving their bottom lines while developing new products for their narrow client bases while maintaining the status quo of our current capital markets.

The investors likely to benefit from tokenized products from large banks are minuscule compared to the general population. Millions of people worldwide would relish the opportunity to invest in stocks or corporate bonds, but they can only dream of reaching accredited investors or equivalent thresholds.

Tokenization also offers investors an opportunity to regain control over their assets. Technology like Blockstream’s Liquid Network leverages whitelists to allow peer-to-peer trading, move assets across trading platforms, and even self-custody assets.

In the future, we look forward to more granular voting and dividend payments. Integration with USDt and BTC is also important to allow a low friction flow of funds between conventional, RWA, and crypto markets. 

Our current capital markets are only made for the few. Tokenization allows us to untangle that. We now have the technology to enable any small business to raise the capital it needs to grow without having to engage banks and all within regulatory and compliance guardrails.

For prospective investors, anyone with as little as $1 to invest can start to grow their wealth via tokenized U.S. treasuries. We’re already seeing this in El Salvador with NexBridge’s USTBL product. 

If we’re to avoid a TradFi takeover of tokenization, we need regulators to understand the bigger-picture promise of tokenization. While tokenized versions of sophisticated investment products must be appropriately regulated, we also need all major jurisdictions to provide clarity on how tokenized products can be opened up to any retail investor, regardless of how much they have to invest. 

Tokenization represents a once-in-a-generation opportunity to democratize access to capital. We owe it to the millions of underbanked people and businesses worldwide to not lose sight of this.

Mentioned in this article
XRP Turbo
]]> https://earlybirdsinvest.com/reclaiming-tokenisation-or-how-to-avoid-a-tradfi-takeover/feed/ 0 26184