Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital. May was a quieter month for crypto venture capital, but notable raises by tokenization platforms and a Hyperliquid wallet indicate that dealmaking remains active. Perhaps the biggest development was the ongoing momentum for Twenty One Capital, the Bitcoin (BTC) treasury company backed by stablecoin issuer Tether, crypto exchange Bitfinex and Wall Street firm Cantor Fitzgerald. The company’s total funding reached $685 million after its backers exercised the option to purchase additional convertible bonds last month. The backers of Twenty One Capital have exercised the option to purchase an additional $100 million of convertible senior secured notes, bringing the Bitcoin treasury company’s total funding to $685 million. Read more
Bitcoin may be decentralized, but its price isn’t immune to the influence of whales, protocol upgrades, ETF approvals and global regulations. If anyone comes close to “moving the market,” it’s the whales. These are the investors holding thousands of BTC, often institutions, funds or OG holders from the early days. And in 2025, they’re more active than ever. The number of wallets holding over 1,000 Bitcoin (BTC) has climbed to 1,455 as of May 2025, marking a renewed wave of accumulation. Some of this growth is driven by institutional players: Strategy alone now holds over 580,000 BTC (around 2.76% of total supply), while BlackRock has added Bitcoin allocations to its iShares Bitcoin Trust ETF and related portfolios. Read more
As millions of Muslim pilgrims gather in Saudi Arabia to perform Haj every year, thousands of volunteers help the pilgrims navigate their journey with ease and comfort. According to the Saudi Ministry of Haj and Umrah, over 7,000 volunteers work across Makkah and other holy places to facilitate the pilgrims. They are the “unseen anchors” whose efforts, often behind the scenes, ensure that the pilgrims do not face hardships. “You may not know their names. You may not remember their faces. But if you have ever performed Haj, you have felt their kindness — a bottle of cold water pressed into your hand, a voice gently guiding you when you felt lost,” the ministry said. Haj, one of the fundamental pillars of Islam, is performed each year by millions of Muslims worldwide. Pakistan receives one of the highest Haj quotas from Saudi Arabia. The statement said that the volunteers sacrifice their own Eid celebrations, sleep and comfort so that they can help out the pilgrims in many ways, narrating the stories of multipl...