ETH Demand Shock

Bitwise CIO Matt Hougan thinks ETHs price is headed higher… a lot higher. Hougan believes that ETH is for the first time facing a “demand shock” similar to the one that BTC faced. 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. His takeaway? “Investors are still underweight Ethereum vs. Bitcoin.” Read more →

Meme stock mania is back… and maybe stronger than ever. On Tuesday, four companies, Dunkin, OpenDoor, Rocket, Krispy Kreme, lovingly monikered “DORK” in reference to the first letters of their tickers – briefly doubled in value. Like in years prior, there is no real reason for the price increases – just call options, social media, and grifters. Be careful out there. Read more →

On the heels of the passing of the GENIUS Act, traditional banks are already turning finance into a more digital and efficient future. Yesterday, Goldman Sachs and BNY Mellon announced they are joining forces to transform the $7.1 trillion money market industry with digital tokens. The new tokenization efforts would allow big players – like hedge funds and pensions – to buy tokenized money market funds on Goldman’s blockchain. The gist is faster trades, 24/7 access, and the ability to use these safer, yield-paying assets as collateral without cashing out first. Read more →