Tag: Market

Peter Thiel-Backed Bullish Targets $4.82B Valuation Amid Crypto Market Optimism

Key Notes The digital asset platform targets institutional clients and secured $200M in commitments from BlackRock and ARK Investment. Bullish’s public debut follows Trump’s GENIUS Act passage, creating federal stablecoin frameworks that encourage crypto IPO activity. This represents a 52% discount from their abandoned 2022 SPAC attempt, reflecting more realistic market pricing today. Bullish, a digital asset exchange backed by Peter Thiel, has officially increased its initial public offering size, aiming for a $4.82 billion valuation, up from $4.2 billion last week, on the New York Stock Exchange under the…

GENIUS Act Stablecoin Ban May Fuel Tokenization Market Growth

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The landmark US GENIUS Act could serve as a major catalyst for stablecoin adoption both domestically and abroad. But rather than simply boosting demand for dollar-backed digital currencies, it may unintentionally push capital into the tokenization market as investors seek yield on their holdings. That was one of the key takeaways from a recent interview with Will Beeson, a former Standard Chartered executive and now founder and CEO of Uniform Labs, a developer of institutional liquidity solutions for tokenized financial markets. A central provision of the GENIUS Act is its…

Message From Top Democrat Signals Fight Over Crypto Market Structure

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With Congress not scheduled to return from recess for a few weeks, some US lawmakers are already signaling how they plan to address crypto-related legislation passed by the House of Representatives in July. In a Sunday MSNBC Interview, Massachusetts Senator Elizabeth Warren, one of the more outspoken voices associating digital assets with illicit activities, said she supported regulation of the crypto industry. However, she suggested opposition to crypto market structure through the Digital Asset Market Structure Clarity (CLARITY) Act, introduced by Republicans and passed with bipartisan support in the House. …

Total Cryptocurrency Market Cap Reaches New High, Ethereum Value Surpasses Mastercard – SuperCryptoNews

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The total market capitalization of cryptocurrencies has reached a new all-time high of $4.14 trillion, driven by significant gains in Bitcoin and Ethereum. This new peak surpasses the previous record set on July 23, with the crypto market gaining 22% since the beginning of the year. This inflow of approximately $750 billion is comparable to the entire market cap during the bear market crash in November 2022. Despite the growth, the total crypto market is still valued less than tech giant Nvidia, which has a market capitalization of $4.45 trillion.…

GSR, DigiFT Bring Live OTC Trading to $13.4B Tokenized Real-World Asset Market

Crypto market maker GSR has partnered with regulated tokenized asset exchange DigiFT to launch secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs). The move comes as the real-world asset sector has been grown to over $13.4 billion worth of assets, according to data from DeFiLlama. The bulk of that comes in the form of tokenized treasury funds and gold-backed cryptocurrencies. The service, available during Asian market hours seven days a week to eligible institutional investors, enables accredited institutions to trade tokenized units of funds including Invesco’s US Senior Loan…

Arthur Hayes Goes on Buying Spree as Market Turns Greedy

Key Notes The co-founder of BitMEX exchange has been accumulating altcoins worth millions. Ethereum broke the $4,300 mark as Bitcoin reached $122,000. The crypto market cap reached a new all-time high with greedy momentum. Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom fund, has been accumulating multiple altcoins amid positive market sentiment.  Hayes, who is known for his strong bullish market predictions, sent out roughly $16.5 million in USDC over the past 24 hours to Binance, Kraken, Wintermute, and an unknown address that seems to be an over-the-counter desk,…

Huajian Medical Launches Ethereum Treasury Strategy, Aiming for Largest ETH Balance in Hong Kong Market

Huajian Medical (Hong Kong: 1931), a Chinese medical diagnostics provider, has reportedly launched its “Global Enhanced Ethereum Treasury with Downward Protection Mechanism” strategy, aiming to position ETH as its core reserve asset. This initiative seeks to establish the company as a leader in the Hong Kong stock market and on a global scale in terms […] Source CryptoX Portal

Bitcoin Pioneer Predicts Ethereum Rotation Despite Market Cycles

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Bitcoin pioneer Samson Mow predicts Ethereum investors will switch back to Bitcoin once ETH prices get high enough, potentially reversing a five-week surge in Ether.  However, historical market cycle patterns could indicate otherwise.  “Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s),” said the CEO of Bitcoin adoption firm JAN3 on Sunday.  He added that once Ether (ETH) is high enough, “they’ll dump their ETH, creating new generational bagholders, and then rotate the…

Goldman Strategist Favors Gold, Silver, and Bitcoin as ‘Stores-of-Value’ Amid Market Swings

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Goldman Sachs’ Tony Pasquariello maintains a core portfolio strategy favoring U.S. tech stocks, traditional and digital “stores-of-value” like bitcoin, a modest dollar short, and global curve steepeners despite recent market volatility. Goldman Hedge Fund Chief Sees 3 ‘Stores-of-Value’ Holding Key Role in Portfolio Mix According to Pasquariello’s insights shared by Zerohedge, the global head of […] Original