Category: ICO

Goldman Sachs (GS) Joins Morgan Stanley (MS) in Holding Bitcoin ETF as Institutional Interest Grows: 13F Wrap

Another holder of interest at the end of the first quarter was the Wisconsin Pension Fund, which in the last quarter doubled down on its IBIT position as it purchased an additional 447,651 shares of the fund. It also got rid of all of its shares of Grayscale’s Bitcoin Trust (GBTC) which were worth $63.7 million at the end of March. The state now owns 2,898,051 shares or $98.9 million as of the end of June. Source

Schumer Sets Stage for New Era of U.S. Crypto Politics

“We succeeded in spotlighting our big tent and showing that crypto is not just the loudest MAGA crypto bros you see online,” G Clay Miller, one of the organizers, told CoinDesk in an interview. (Miller, a former Senate staffer, has a job in the crypto industry working for a leading digital assets advisory firm, but says his political work is separate.) Miller said 15,000 people registered ahead of the town hall and that 1,000 were in attendance at any one time. The organizers’ main goal was to show the outside…

Crypto Emerges as Reliable Liquidity Source

Contrary to popular belief, the inherent volatility of crypto markets is not a bug but a feature. With no circuit breakers in place, the always-on, globally accessible nature of crypto markets often makes them the first source of liquidity for investors. In fact, during times of panic, crypto might be the only asset investors can sell, as was evident on Sunday evening in the Western Hemisphere. By the time the U.S. stock market opened on Monday morning, crypto markets had stabilized, with both bitcoin and ether recovering approximately 10% from…

Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them

Properly regulated and backed by quality reserves, stablecoins — with their instant and simultaneous settlement on blockchains — reduce counterparty risk because obligations are satisfied immediately. From payments to collateral to foreign exchange markets, this undoubtedly improves the safety and soundness of the global financial system. Clearly, today’s foreign-exchange settlement system is in dire need of a technology overhaul, and regulations should incentivize the adoption of technologies, like stablecoins, that mitigate risk. Source

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

The funding round attracted a mix of familiar faces and new backers, with participants including F-Prime Capital, Slow Ventures and Spartan Capital, alongside larger investors like Lightspeed Venture Partners, Galaxy Ventures and PayPal Ventures. Chaos Labs was also backed by angel investors such as Solana’s Anatoly Yakovenko and Phantom’s Francesco Agosti. Source

Wall Street Agrees Crypto Is 'Clearly' A Huge Election Issue, But Still Divided on Who Is Best for Industry

The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November’s U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Oval Office for the next four years, one thing Wall Street firms agree on is that either nominee will bring crypto regulation forward. Source