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Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.
The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system.
According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.
"What the data shows is that people aren't buying to transact, they're buying as a store of value, he reportedly said. “And we need to understand why this is happening. I think it's changing a bit, but we need to understand it."
He also noted that the challenge for banks is finding a way to accept deposits in tokenized forms and use these assets to issue credit for clients.
Founded in São Paulo in 2013, Nubank is a Brazilian digital bank serving more than 100 million customers across Brazil, Mexico and Colombia. The bank first entered the digital asset space in 2022 by allocating 1% of its net assets to Bitcoin and rolling out crypto trading for its customers.
In March 2025, Nubank broadened its crypto lineup with the addition of four altcoins, giving customers access to Cardano (ADA), Cosmos (ATOM), Near Protocol (NEAR), and Algorand (ALGO).
Stablecoin adoption surges in Latin America
Stablecoin adoption has been surging in Brazil. In February, the president of the Central Bank of Brazil told attendees at a Bank for International Settlements event that 90% of crypto activity in the country was linked to stablecoins.
Dollar-pegged digital assets have also gained traction in Argentina, where inflation has exceeded 100% in recent years.
According to a March 2025 report from Bitso, USDt (USDT) and USDC (USDC) accounted for 50% and 22% of all cryptocurrency purchases in the country in 2024, respectively. The same report found that stablecoins made up 39% of all purchases on its platform across the region in 2024.
Stablecoin adoption has also been growing in other Latin American countries.
In July 2025, the Central Bank of Bolivia signed an agreement with El Salvador to promote crypto as a “viable and reliable alternative” to fiat. Since lifting its crypto ban in June 2024, Bolivia has allowed banks to process Bitcoin and stablecoin transactions.
In Venezuela, where inflation hit 229% in May, stablecoins like USDt have started to replace the bolívar in daily commerce, from groceries to salaries. Chainalysis data shows they made up 47% of all crypto transactions under $10,000 in 2024.
Magazine: Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
XRP named Thailands top asset for nine straight months
XRP delivered the strongest returns among all major asset classes in Thailand, soaring 390% year-on-year in August, according to the Thai Securities and Exchange Commissions latest digital asset market report.
The XRP token has now topped the SECs performance rankings for nine consecutive months, outpacing gold, equities and other benchmarks listed in the regulators database. Solana was the last asset other than XRP to top Thailands chart. Bitcoin and Ethereum rounded out the top three performers in August.
Thailands cryptocurrency market continues to expand. Monthly trading volume rose 2.05% to 299.4 billion baht (about US$8.2 billion), while the number of active accounts increased 8.44% to 230,000. Retail investors made up the largest share of trading at 42%, followed by institutional investors (21%), juristic persons (18%) and foreign investors (16%).
Despite growing adoption, crypto remains barred as a means of payment in Thailand, with exceptions such as a pilot program for tourist transactions. On social media, some users noted that crypto could provide an alternative for over 3 million locals recently cut off from bank access in a nationwide crackdown on mule accounts once-legitimate bank accounts rented or sold to illicit actors.
Locals will have to ramp up on their crypto wallet literacy if they want alternative methods to hold their assets. The crackdown also includes cryptocurrency exchanges.
AnchorXs Chinese yuan-pegged stablecoin
A Kazakhstan-based stablecoin issuer has launched a digital token pegged to the offshore Chinese yuan.
AnchorX said in February that it received an in-principle approval from Kazakhstan’s financial authority to issue its offshore yuan-pegged stablecoin AxCNH on Conflux, a public blockchain that has received policy support in China. AxCNH will target settlement and payments for overseas Chinese firms and partners of the Belt and Road Initiative, Beijings ambitious global trade strategy.
Chinas trade with BRI partner nations reached 22.1 trillion yuan (about $3.1 trillion) in 2024, with over half of its imports coming from BRI partner countries.
The launch of a yuan-pegged stablecoin does not necessarily signal a shift in Chinas crypto stance or suggest that Beijing is preparing to greenlight stablecoins, despite recent rumors. The issue has long been contentious among global crypto users, as investors in the worlds second-largest economy remain barred from core activities such as trading and mining.
Chinas currency, the renminbi, operates in two distinct markets. The onshore yuan (CNY) circulates within the mainland under strict capital controls and cannot freely flow across borders. Its counterpart, the offshore yuan (CNH), is used internationally for trade and payments.
Following the introduction of Hong Kongs stablecoin regulations, major Chinese firms reportedly lobbied the central bank for permission to issue yuan-pegged stablecoins in the city, which serves as the largest market for CNH. However, more recent reports indicate that some Chinese companies may be pulling back from Hong Kongs stablecoin race.
Read also Art Week Defying Obsolescence: How Blockchain Tech Could Redefine Artistic Expression Features The Metaverse is awful today… but we can make it great: Yat Siu, Big IdeasShanghai court sells Filecoin in Hong Kong
A Shanghai district court has carried out the citys first sale of cryptocurrency seized in a criminal enforcement case, under guidance from the Shanghai Higher Peoples Court.
The Baoshan District Peoples Court disposed of more than 90,000 Filecoin, following procedures that mirror a framework unveiled by Beijing police in June for handling seized digital assets.
Under the system, courts entrust tokens to a licensed institution, which delegates trading to a qualified agent. Transactions are executed on a Hong Konglicensed cryptocurrency exchange at no less than the 20-day average price. Proceeds are then transferred to the courts account, where they can either be confiscated into the state treasury or returned to the victims.
The Shanghai High Court said the move marked their first successful disposal of digital assets, closing a gap where previous cases lacked a legal path for liquidation.
Read also Features How to stop your crypto community from imploding Features Satoshi Nakamoto saves the world in an NFT-enabled comic book seriesCrypto industry to escape annual grilling from South Korean lawmakers
Stablecoins are set to dominate cryptocurrency-related discussions in South Koreas upcoming annual parliamentary audit.
In previous years, crypto audits often featured lawmakers grilling financial regulators and exchange executives over market failures and manipulation. Last year, the Financial Services Commission was accused of favoring the monopolies of major exchanges.
But throughout 2025, the local industry has not seen the high-profile scandals or major cases of market manipulation that typically trigger such confrontations. As a result, major exchange executives are unlikely to be summoned this year. Instead, attention is shifting to stablecoins, a policy priority for President Lee Jae-myung, whose administration took office in June on a crypto-friendly stance.
According to local media citing unnamed sources, legislators are expected to request data from exchanges on inflows and outflows of US dollar-pegged stablecoins.
The National Assemblys audit is scheduled to begin around Oct. 13, immediately after Chuseok, a holiday often described as Koreas Thanksgiving. Lawmakers on the National Policy Committee, which oversees financial and crypto-related issues, have already begun drafting witness lists.
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By Weston Blasi
'It's in the cloud,' Durant joked - and he's not the only one with a lost bitcoin wallet
Kevin Durant says he has been locked out of his crypto wallet for years.
NBA megastar and Coinbase investor Kevin Durant has been sitting on his bitcoin investment for a decade. Too bad he can't actually access it.
While speaking at CNBC's "GamePlan25" panel this week, Durant and his business manager Rich Kleiman told the story of how they first got into bitcoin (BTCUSD) around the time when Durant signed with the Golden State Warriors nearly a decade ago.
Ben Horowitz, the co-founder of venture-capital firm Andreessen Horowitz and a big Warriors fan, hosted a birthday dinner for Durant at the time. The whole Warriors team came, and the digital currency was apparently a hot topic. "And at the end of that night I was like 'Kevin, I just heard the word bitcoin 25 times this evening,' and the next day we started investing in bitcoin," Kleiman said, while sitting with Durant on the panel.
Problem is, their investment is currently untouchable. "We've yet to be able to track down his Coinbase account information, so we've never sold anything, and his bitcoin is through the roof," Kleiman said. "We can't get the password. It's just insane."
"It's in the cloud," Durant joked about his Coinbase (COIN) password. Kleiman said they'll get it eventually.
"There's just a process that we haven't been able to figure out," he added. "But bitcoin keeps going up, so what's the problem? It's only benefited us" to hold onto it.
Indeed, not being able to make any crypto transactions has only helped their holdings grow in value. The two said they first bought bitcoin around 2015, but did not give further details on their investment amount. But consider this: The price of bitcoin was just $320.43 on Jan. 1, 2015. And it's gone up over 36,000% since that time, and now sits just above $117,000 as of Thursday.
So how can somebody lose their bitcoin - let alone a famous athlete who's a Coinbase investor? While the nature of Durant's bitcoin investment through his Coinbase account is not known (like if his holdings were stored on the exchange or in a Coinbase wallet), this is more common than you might think. There have been several other high-profile cases of people being locked out of accessing their crypto because they lost their wallet and don't recall their passwords.
One now-famous lost crypto wallet belongs to James Howells, a U.K. resident who claims he accidentally threw away a hard drive containing around $800 million worth of bitcoin in 2013 when he was cleaning his house. Howells said at the beginning of this year in a post on X that he's even considering buying the landfill that his hard drive is buried within, in hopes of digging it up again.
While the exact figures are not known, David Siemer, chief executive of Wave Digital Assets, a digital-asset management firm based in California, told MarketWatch he estimates that roughly 25% of all bitcoins that have ever been mined have been lost. It's mainly due to the losses of physical hard drives, computers and physical storage drives in the early days of bitcoin. "There are a couple of huge [lost] wallets out there," he said.
And his thoughts on Durant's locked bitcoin? "His business manager is a bit lazy," he said. "They probably just haven't tried very hard. If they were truly worried about it, you could probably solve this in a week."
"I think they are having a bit of fun with it," he added.
Siemer admitted it is a time-consuming and annoying process to retrieve your lost password on crypto exchanges. "It will take you hours and weeks to get it back," he said. "It's a centralized company, this happens. [But] as long as they go through all these logical steps of verification, they will get the account back."
See: 'I am highly alarmed by the proposed changes to retirement accounts': I don't want bitcoin or private equity in my 401(k). What can I do?
"While we don't comment about specifics of customer accounts, we can confirm we are in touch with this customer," Coinbase told MarketWatch when asked about Durant. "If a customer has lost their password they can reset it using our self-services tools within the app, and our support team is available 24/7 to guide users through this process."
Durant's manager Kleiman wrote to MarketWatch over email that, "We've already been working directly with the Coinbase team on Kevin's account recovery, which is why it was easy for me to make a joke about it on stage. It was a user error on our end and the process has been clear from the jump. Our partnership spans nearly a decade and Coinbase has been a valuable resource in growing our business."
Durant, who was acquired by the Houston Rockets this offseason, has been touted as a savvy investor. Among his investments are Coinbase, Postmates and the women's soccer team Gotham FC.
Read on: NFL star Odell Beckham Jr. cheers bitcoin's all-time high after taking his 2021 salary in the crypto. Here's what it's worth now.
-Weston Blasi
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
DeFi Technologies’ subsidiary Valour has introduced a Bitcoin staking exchange-traded product (ETP) on the London Stock Exchange, providing investors with crypto yield opportunities as the UK moves toward easing restrictions on digital assets.
According to a Thursday announcement, the Bitcoin staking ETP has a 1.4% annual yield and is backed by Bitcoin (BTC) held in cold storage, with security coming from multiparty computation (MCP) technology.
For the moment, the new Bitcoin staking ETP is available to institutions and professional investors. The United Kingdom will allow retail investors to buy crypto exchange-traded notes (ETNs) again on Oct. 8, removing a ban in place since 2021.
The announcement didn’t specify how the yield would be generated. However, Valour has another Bitcoin ETP listed on a French exchange that relies on coins delegation on the Core Chain to generate Bitcoin yield. Core Chain is an EVM-compatible layer-1 blockchain backed by Bitcoin’s proof-of-work consensus mechanism.
Shares of DeFi Technologies traded on Nasdaq closed up by 5% on the news, according to data from Google Finance.
While Bitcoin itself doesn’t generate staking yield, holders can earn returns through alternative avenues such as centralized lending platforms, Bitcoin layer-2 networks like Stacks and Babylon, or by wrapping BTC into tokens like Wrapped Bitcoin (WBTC) to participate in DeFi lending protocols.
Cryptocurrency exchange Coinbase unveiled a Bitcoin yield fund in May, targeting non-US institutional investors. According to Solv Protocol’s co-founder Ryan Chow, the demand for yield-bearing Bitcoin strategies is rising as firms seek liquidity without selling their BTC.
Bitcoin and Ether (ETH) ETPs debuted on the London Stock Exchange in May 2024.
Related: US, UK to collaborate on AI, quantum computing, nuclear energy development
United Kingdom crypto changes abound
Recent developments suggest that the United Kingdom's approach to cryptocurrencies may be shifting.
On Tuesday, the Financial Times reported that the UK is looking to increase cooperation with the United States on digital assets, with Britain looking to boost innovation in the sector.
Trade groups have even pushed the government to add blockchain technology to the UK’s tech collaboration with the US.
NEW YORK, Sept. 18, 2025 /PRNewswire/ — ProCap BTC, LLC ("ProCap BTC" or the "Company"), a bitcoin-native financial services firm, today announced key milestones in its proposed business combination (the "Business Combination") with Columbus Circle Capital Corp I ("BRR") , which includes ProCap Financial, Inc.'s ("ProCap Financial") public filing of a Registration Statement on Form S-4 ("Form S-4") with the U.S. Securities and Exchange Commission ("SEC") on September 18, 2025.
In connection with the Business Combination announced in June 2025, the Company purchased approximately 4,950 Bitcoin at a time-weighted average price of $104,333.56 (the "Signing Price"). Since then, the price of Bitcoin has increased to approximately $117,619.71 as of September 17, 2025, representing a more than $60 million in unrealized gains, highlighting the Company's strategic decision to purchase Bitcoin prior to the close of the Business Combination.
BRR shareholders who hold their shares through the close of the Business Combination will be eligible to receive additional shares of ProCap Financial if the price of Bitcoin at the close of the Business Combination exceeds the Signing Price, as determined under the transaction documents.
"This filing represents a significant milestone in advancing the Business Combination," said Anthony Pompliano, CEO of ProCap BTC. "Our goal is to build the leading bitcoin-native financial services firm. We're especially excited that BRR shareholders who remain invested through the close of the transaction will have the opportunity to participate in Bitcoin's upside through additional equity in ProCap Financial."
"The continued appreciation in Bitcoin value as well as the further development of the ProCap BTC team alongside Anthony Pompliano's leadership demonstrates the benefits of the Business Combination," said Gary Quin, CEO of BRR. "The filing of the Form S-4 takes us one step closer to closing."
New Executive Team Members
To support ProCap BTC's growth and corporate governance needs, Megan Pacchia has joined as Chief Operating Officer and Kyle Wood has joined as Chief Legal and Compliance Officer. Ms. Pacchia and Mr. Wood will join the company's Executive Team alongside Jeff Park, who joined the company in August 2025 as Chief Investment Officer.
"Megan and Kyle bring essential leadership, governance, and digital asset expertise to ProCap BTC at a pivotal moment in our growth," said Mr. Pompliano. "As we expand and strengthen our operations, having the right leadership team is essential. With the addition of Megan and Kyle to the Executive Team, we believe our leadership is well-positioned to meet the evolving needs of our clients and drive long-term value for our shareholders."
EXECUTIVE TEAM BIOGRAPHIES
Megan Pacchia has joined ProCap BTC as Chief Operating Officer, responsible for leading the company's operations, executing strategic initiatives, and driving organizational growth.
Prior to joining ProCap BTC, Ms. Pacchia spent 14 years at McKinsey & Company, where she was a Partner in the Consumer Practice. During her tenure, she advised Fortune 500 companies on enterprise transformation, organizational optimization, market-leading growth strategies, and operational excellence. Prior to McKinsey, Ms. Pacchia held roles at Morgan Stanley in both its Chief Investment Office and its Equity Capital Markets group. She earned her MBA from Harvard Business School and holds a bachelor's degree from Wesleyan University.
Ms. Pacchia is also a co-founder of PubKey, a globally recognized hub for Bitcoin enthusiasts, innovators, and thought leaders.
Jeff Park is the Chief Investment Officer at ProCap BTC, responsible for leading its investment and capital markets strategy, portfolio construction and risk management.
Before joining ProCap BTC, Mr. Park was the Head of Alpha Strategies and Portfolio Manager at Bitwise Asset Management, one of the world's largest crypto-specialist asset managers. Prior to Bitwise, he was a Partner at Corbin Capital Partners, a multi-billion alternative asset management firm that specializes in multi-strategy hedge fund and opportunistic credit investing, where he led the firm's digital asset investing efforts.
He is a graduate of Stanford University with a B.A. in Economics and International Relations.
Kyle Wood has joined ProCap BTC as Chief Legal and Compliance Officer, where he is responsible for overseeing the company's legal strategy and compliance efforts. With more than twenty years of experience advising high-growth technology companies, venture-backed startups, and institutional investors, Mr. Wood brings deep expertise in fintech, digital assets, and alternative finance.
Prior to joining ProCap BTC, Mr. Wood was a Partner at Perkins Coie, LLP and held senior legal roles as General Counsel for both public and private firms, where he built and led legal teams, managed complex transactions, and advised on emerging technologies, including digital assets and AI. His expertise bridges traditional financial services with the evolving regulatory landscape of digital assets, helping founders and investors align legal strategy with long-term business growth.
About ProCap BTC and ProCap Financial
ProCap BTC is a Bitcoin-native financial services firm founded by Anthony Pompliano. Mr. Pompliano has invested in more than 300 private companies and is one of the leading voices on Bitcoin globally. ProCap Financial, the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.
About Columbus Circle Capital Corp I
Columbus Circle Capital Corp I is a Cayman Islands--incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.
IMPORTANT LEGAL INFORMATION
In connection with the Proposed Transactions (as defined herein) by and among ProCap BTC, LLC, a Delaware limited liability company ("ProCap BTC"), ProCap Financial, Inc., a Delaware corporation ("ProCap Financial") and Columbus Circle Capital Corp I, a Cayman Islands exempt company ("CCCM"), ProCap Financial has filed with the U.S. Securities and Exchange Commission (the "SEC") a Registration Statement on Form S-4 (as may be amended, the "Registration Statement"), which includes a preliminary proxy statement of CCCM and a prospectus (the "Proxy Statement/Prospectus") in connection with (i) the proposed Business Combination, to be effected subject to and in accordance with the terms of the Business Combination Agreement dated as of June 23, 2025 (as amended on July 28, 2025, and as may be further modified, amended or supplemented from time to time, the "Business Combination Agreement"), by and among ProCap BTC, ProCap Financial, CCCM, Crius SPAC Merger Sub, Inc., a Delaware corporation, Crius Merger Sub, LLC, a Delaware limited liability company and Inflection Points Inc, d/b/a Professional Capital Management, a Delaware corporation (collectively with all of the related actions and transactions contemplated by such agreement, the "Business Combination"), (ii) a private placement of non-voting preferred units ("ProCap BTC Preferred Units") of ProCap BTC to certain "qualified institutional buyers" as defined in Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), or institutional "accredited investors" (as defined in Rule 506 of Regulation D)(such investors, "qualifying institutional investors")(the "Preferred Equity Investment") pursuant to preferred equity subscription agreements, and (iii) commitments by qualifying institutional investors to purchase convertible notes ("Convertible Notes") issuable in connection with the closing of the Proposed Transactions by ProCap Financial (the "Convertible Note Offering" and, together with the Preferred Equity Investment and the Business Combination, the "Proposed Transactions") pursuant to convertible notes subscription agreements. The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. CCCM and/or ProCap Financial will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND, WHEN AVAILABLE, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM'S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS.
Investors and security holders will also be able to obtain copies of the Registration Statement, the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC's website at www.sec.gov, or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor, New York, NY 10019; e-mail: IR@ColumbusCircleCap.com, or upon written request to ProCap Financial Inc. at 600 Lexington Ave., Floor 2, New York, NY 10022, respectively.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED TRANSACTIONS OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
The offer and sale of the Convertible Notes to be issued by ProCap Financial pursuant to the Convertible Note Offering and the offer and sale of the ProCap BTC Preferred Units in the Preferred Equity Investment, in connection with the Proposed Transactions, has not been registered under the Securities Act and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
Participants in Solicitation
CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM's shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM's securities are, or will be, contained in CCCM's filings with the SEC, including the final prospectus for CCCM's initial public offering filed with the SEC on May 19, 2025 (the "IPO Prospectus"). Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM's shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC's and ProCap Financial's respective directors or managers and executive officers is contained in the Registration Statement and the Proxy Statement/Prospectus. Investors and security holders may obtain free copies of these documents as described above.
No Offer or Solicitation
This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM, ProCap BTC or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.
Forward-Looking Statements
This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans , prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets that may be held by ProCap BTC and ProCap Financial and the value thereof, the price and volatility of bitcoin, bitcoin's growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial's listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial's ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM's public shareholders, and ProCap Financial's expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate, " "estimate," "intend," "strategy," "future," "opportunity," "potential, " "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM's securities; the risk that the Proposed Transactions may not be completed by CCCM's business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM's shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM's public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock, par value $0.001 per share, of ProCap Financial ("Pubco Common Stock") to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after the closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial's ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial's anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial's stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial's ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks related to the ability of ProCap BTC and ProCap Financial to execute their business plans; the risks that launching and growing ProCap Financial's bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial's business plan, due to operational challenges, significant competition and regulation; risks associated with the possibility of ProCap Financial being considered to be a "shell company" by any stock exchange on which ProCap Financial's common stock will be listed or by the SEC, which may impact ProCap Financial's ability to list Pubco Common Stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities, which could impact materially the time, cost and ability of ProCap Financial to raise capital after the closing of the Proposed Transactions; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others in connection with or following the announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC, including as set forth in the Registration Statement filed with the SEC in connection with the Proposed Transactions.
The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the IPO Prospectus, CCCM's Quarterly Reports on Form 10-Q and CCCM's Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that has been filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.
View original content:https://www.prnewswire.com/news-releases/procap-btc-announces-executive-team-and-appreciation-of-its-bitcoin-holdings-by-more-than-60-million-in-less-than-90-days-302561089.html
SOURCE ProCap BTC LLC
Dogecoin (DOGE) has surged 13% this week, climbing to $0.282, despite heavy selling pressure from investors. Over $1.63 billion worth of DOGE, nearly 5.81 billion tokens, have been moved to exchanges in September, signaling profit-taking and caution among traders.
Long-term holders, who had previously offered stability, are also shifting assets according to the coin days destroyed (CDD) metric, often a sign of potential downside risk.
However, the bullish rally remains strong, mainly driven by optimism about a possible spot Dogecoin ETF launch. This regulatory milestone, along with increasing corporate treasury use and payment integrations, has kept DOGE on the minds of institutional investors.
Technical Setup Points to Potential DOGE Breakout
Despite mixed short-term signals, technical analysts remain bullish. The Ichimoku Cloud setup shows all four major indicators aligned in favor of buyers, giving DOGE a “perfect +4” bullish score. Support levels sit near $0.255, with resistance forming at $0.287. A decisive break above could push DOGE toward $0.300 and beyond.
Trader Tardigrade highlighted that Dogecoin’s consolidation pattern is steadily building momentum. Each resistance test has been met with higher lows, suggesting waning selling pressure. “Eventually, DOGE will break this resistance and reach new all-time highs,” he noted.
Meanwhile, analyst Javon Marks set a breakout target of $0.6533, implying a 111% upside from current levels. CoinCodex forecasts also predict DOGE will trade at $0.32 by mid-October, reflecting continued bullish sentiment.
The U.S. SEC’s recent approval of listing standards for spot Dogecoin ETFs has further strengthened the bullish case.
The launch of DOJE, backed by REX Shares and Osprey Funds, marks a milestone for meme coin adoption in regulated markets. Corporate participation, such as CleanCore Solutions’ Dogecoin treasury initiative, adds additional credibility and institutional demand.
However, risks remain. If DOGE fails to hold above the critical $0.273 support level, analysts warn of a possible correction toward $0.241. Momentum indicators also show overbought conditions, hinting at potential short-term consolidation before any major breakout.
With ETF optimism, corporate adoption, and bullish technicals aligning, analysts see a strong case for Dogecoin’s rally lasting into late 2025, with the potential for a breakout that could more than double its price.
Cover image from ChatGPT, DOGEUSD chart from Tradingview
DORA will be listed on LBank with a DORA/USDT pair starting September 19, 2025. New exchange listings can create strong price changes, since more people can buy and sell the token. If the project brings in a new community and tells a good story, interest could be high and the price might go up. But sometimes, prices fall after listings if early holders sell. The LBank platform has many users, which could help DORA's volume and price in the short term. Watch trading action closely after the launch. source
LBank.com@LBank_ExchangeSep 18, 2025New #listing
$DORA (DORA) will be listed on LBank! @Dora_USD1
DORA is a narrative-driven token built on BNB Chain, combining female empowerment, community consensus, and decentralized finance.
️ Details: https://t.co/uZDAZp4L9r pic.twitter.com/XdQLjENEr4
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