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Billionaire

Scaramucci Reacts to Another Billionaire Backs Bitcoin

by admin June 15, 2025

Three types of clients
$500,000 per Bitcoin?

Anthony Scaramucci, founder of SkyBridge Capital and an ardent Bitcoin supporter, has taken to social media to react to billionaire Philippe Laffont adopting Bitcoin, stating that the founder of Coatue Management now understands that the flagship cryptocurrency is the greatest investment in a generation.

The founder of the highly respected $15 billion tech-focused hedge fund recently revealed that he had warmed up to Bitcoin while speaking at Coinbase’s State of Crypto Summit in New York City.

In the past, Laffont would remain on the sidelines of the Bitcoin mania due to persistent concerns about the cryptocurrency’s excessive volatility that traditional investors typically do not want to tolerate.

The influential billionaire now believes that Bitcoin’s volatility is low enough for it to be viewed as a legitimate part of investor portfolios.

Like many other prominent financiers, Laffont also views Bitcoin as a hedge against inflation.

A modest allocation recommendation

Notably, Laffont also expressed regret for not investing in the cryptocurrency earlier.

The hedge fund titan believes that investors should allocate from 3 percent to 4 percent of their portfolios to the leading cryptocurrency.

He added that investors are better off with a small position that does not cause too much anxiety.

Three types of clients

The villain: those who trust him to make the investment decisions, those who wonder why he missed out on Bitcoin , and those who are still afraid of touching crypto altogether. The last group, Laffont said, is a “dying population.”

$500,000 per Bitcoin?

In late May, SkyBridge Capital founder Anthony Scaramucci predicted that the leading cryptocurrency could potentially surge to $500,000 due to excessive government spending.

Last November, as reported by U.Today, Scaramucci opined that even new investors were still “early” to Bitcoin .

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June 15, 2025 0 comments

GameFi Guides

Billionaire Investor Calls No-Interest Stablecoins ‘Outrageous’ as Key US Bill Advances

by admin June 13, 2025

Billionaire investor Philippe Laffont on Thursday called the idea of a non-yielding stablecoin “outrageous,” as U.S. lawmakers advanced a bill that would bar issuers from offering interest-bearing dollar-pegged tokens.

“How in the world is a stablecoin not bearing interest?” Laffont said at Coinbase’s State of Crypto event in New York. “That is outrageous, and that needs to be solved.”

Laffont, founder of hedge fund Coatue Management, which oversees about $60 billion in assets, argued that stablecoins should deliver passive income through “simple contracts” paying users the spot rate.

The approval of yield-bearing stablecoins has become a flashpoint between crypto lobbyists, banks, and regulators in recent months. Draft legislation, including the GENIUS Act, is being heavily lobbied by the industry to allow such tokens.

Coinbase CEO Brian Armstrong publicly appealed to U.S. lawmakers in March to include yield-bearing provisions.

“Why is it that when you put money in the stablecoin, you get rewards? Just make it a simple contract,” Laffont said Thursday, adding that stablecoins offer “so many use cases,” including flexible yield products.

Crypto firms have pushed for months to win approval for interest-generating stablecoins.

But financial regulators argue they could encourage consumers to pull funds from tightly regulated institutions and place them with riskier crypto platforms.

The debate escalated this spring as lawmakers advanced the GENIUS Act, which aims to establish a stablecoin regulatory framework.

By late spring, a clause banning yield-bearing tokens had gained momentum, casting uncertainty over the industry’s efforts.

Stablecoin adoption has surged over the past year. Market capitalization now stands at $251 billion, up 55% year-on-year, according to DefiLlama.

South Korea-based CryptoQuant attributes the rise to growing trading activity, increased usage for payments and transfers, and clearer U.S. policy signals, particularly since the start of the Trump administration.

Amid rising demand, several firms, including BitGo and BitGet, have launched dollar-pegged tokens.

Circle, the largest U.S. stablecoin issuer, has seen its stock price rise nearly 250% since its IPO earlier this month.

Edited by Sebastian Sinclair and James Rubin

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June 13, 2025 0 comments

Crypto Trends

Billionaire Winklevoss Twins-Backed Crypto Exchange Gemini Files With SEC For Planned IPO

by admin June 6, 2025

Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company.

The firm announced Friday that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC), signaling its intent to pursue an initial public offering (IPO) of its Class A common stock.

While specific details around the size and valuation of the offering remain undisclosed, the move positions Gemini among a growing list of crypto-native firms seeking a foothold in traditional capital markets.

The crypto exchange has been taking major steps to go public in the U.S., including hiring Goldman Sachs and Citigroup as its financial advisors for the IPO. Gemini had also settled a $5 million lawsuit by the Commodity Futures Trading Commission, while the SEC ended its investigation into the exchange earlier this year.

The timing aligns with renewed interest in digital asset IPOs after stablecoin issuer Circle (CRCL) started trading on the New York Stock Exchange (NYSE) this week. Shares of Circle surged in its first day of trading Thursday, closing at $83 after going public at $31. The stock is currently trading around $113, almost 264% higher than its IPO price.

Gemini’s offering, if completed, would mark a major milestone not just for Gemini but for the crypto industry’s ongoing quest for mainstream financial legitimacy.

The company noted that the IPO will proceed after SEC review and pending market conditions, per standard disclosure protocols.

Read more: Circle Shares Surge on NYSE Debut, Signalling Strong Appetite for Stablecoin Issuers

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June 6, 2025 0 comments

Game Updates

Dead Finger Dice: A Billionaire Killing Game is about beating demon elites at finger-severing poker on a mega yacht

by admin June 4, 2025

A game that sees you forcibly kidnapped, smuggled aboard a mega yacht dubbed The Avarice, and made to play demon billionaires at lethal dice poker just got a new trailer, and it looks as funky as you’d expect. Dead Finger Dice: A Billionaire Killing Game is its uber-snappy name, and it’s coming to Steam this summer.

Psychroma and Raptor Boyfriend developers Rocket Adrift Games released a trailer for this roguelike dice builder as part of yesterday’s The Mix showcase, and as soon as I clapped my eyes on it, I was intrigued.

Watch on YouTube

The big boat of these bad money creatures is rendered in a “grungy 1-bit aesthetic”. Aboard, you’ll be treated to an experience that looks quite Balatro-ish except with dice instead of cards, and a lot more severing of fingers. Yep, you bet one of your digits each round, and if your five dice don’t boast the highest poker hand after three re-rolls, the demon billionaire you’re playing against gets to chuckle as you lose an appendage.

The first of you to be separated from all of your feelers loses the game and suffers a lethal punishment. In your case, being lobbed overboard in what’s a rather wet end to that particular run. Every failed run adds to the game’s “body count”, and you play as a new character every time, though with an option to pass useful items between runs via the “hidden compartment of your cell”.

You’ll need to craft custom dice with “demonically sealed special abilities” using your poker winnings as you strive to beat the game’s five bosses, as well as making use of charms and curses you unlock.

Also, Dead Finger Dice’s Steam page notes that it features “class consciousness”, a “revolutionary body count”, and is “completely human-made” via its developers’ own fingers. Cool, the Che Guevara of deck builders that use dice. It’s got me convinced, even if I’ve spent about 6 million less hours with Balatro than most other people seem to have.

Hey, I’ve had fun with what I have played of it, don’t come for me joker mafia. Dead Finger Dice is set to drop on on Steam in Summer 2025.

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June 4, 2025 0 comments