Bitcoin yesterday suffered from a swift, orderly dump that just about erased all the gains we saw Friday after Jerome Powell’s Jackson Hole speech.
Powell’s Jackson Hole speech opened the door to a September cut, stating “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”
“Taking a conservative approach, we project bitcoin will be the best-performing major asset in the world over the next 10 years, with a compound annual growth rate of 28.3% and steadily declining (albeit still high) volatility.”
With the company’s mNAV currently sitting at 1.56, some investors (such as Jim Chanos) are calling out the company.
After submitting a confidential filing in June, Gemini has officially filed for an IPO on the NASDAQ under the symbol GEMI.
With Bitcoin dominance slipping to ~59% and Fed cuts poised to unlock sidelined cash, Coinbase sees a rotation into alts setting up.
July PPI printed 3.3% YoY (vs. 2.5% expected), adding some macro heat. Meanwhile, Bessent said on Fox News the federal government won’t purchase additional Bitcoin to add to existing holdings.
Supposedly the IPO is 20x oversubscribed. If true, we expect the stock to have a Circle/Figma moment.
According to a recent job posting from crypto lobby group Blockchain Association, Stripe is developing a new blockchain in stealth dubbed ‘Tempo'.
Bitcoin prices hit $122k in the wee hours this morning, flirting with the previous high of $123k.
Bitcoin prices lifted this morning after Bloomberg reported that President Trump was today signing an Executive Order that would open up 401(k)s to alternative assets. The order has been rumored for weeks and now it’s finally official.
Last week SEC Chair Paul Atkins unveiled Project Crypto in a speech that was so empathetically pro-blockchain and bullish that it stunned many. If this new vision of a digital finance future holds, here's where the winners will be.
The company added 208K ETH to its treasury. This catapults BitMine as not only the largest ETH holder on record (833,137 ETH in total valued at $2.95 billion), but also the 3rd largest crypto treasury stock, with only MSTR & MARA holding more.
USDe’s market cap is up more than 75% over the last month and 24% over just the last week to a new all-time high of $9.3 billion.
Stripping out unrealized gains from crypto held on the balance sheet and strategic investments in things like Circle (CIRC), the company fell short of expectations on trading volumes and revenue.
Robinhood (HOOD) reported Q2 revenue of $989 million, up 45% YoY and above the $921.5 million estimate.
Coinbase is partnering with JPMorgan Chase to make it easier for the bank’s 80 million customers to access crypto.
Little-known companies and SPACs are now targeting altcoins for their treasury as they seek to differentiate themselves from the rest.
PayPal will soon allow merchants to accept more than 100 cryptocurrencies from during checkout.
Remember that story from two weeks ago about the dormant 2011 wallet with 80K BTC (worth ~$9.3 billion) that randomly woke up? Well it’s on the move...
Since May, ETF and corporate treasuries have bought ~2.83 million ETH (worth around $10 billion) – 32x more than the network minted over the same period.
Tokenized assets that mimic traditional securities should not escape the same regulatory oversight.
Two years ago, federal agents raided the home of Jesse Powell, the outspoken founder of crypto exchange Kraken, amid a Justice Department crackdown on the industry. The twist? It wasn’t about Kraken.
Another week, another slew of crypto treasury companies launching or announcing new acquisitions.
The total market cap for all cryptoassets surged past $4 Trillion for the first time ever last night, driven by a rally after the House of Representatives passed a series of pro crypto legislation.
