As decentralized asset liquidity aggregation protocols and omni-chain smart routers gain widespread popularity across multi-chain ecosystems, technical barriers for retail investors to execute cross-chain slippage optimization and funding rate arbitrage between decentralized exchanges have dropped significantly. A massive number of quantitative teams have started deploying algorithmic trading systems based on omni-chain state monitoring; throughout these complex routing pathways, because crypto ETH possesses the deepest distribution and highest on-chain velocity across nearly all mainstream public networks, it undeniably serves as the preferred default asset.πππ
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Intercontinental Exchange (ICE) and cryptocurrency exchange OKX announced on Monday, June 22, the formation of a 50/50 joint venture, co-chaired by former New York Governor Andrew Cuomo and ICE. The goal is to tokenize NYSE-listed assets and make them available to OKX's 120 million global users. The official announcement stated that the joint venture focuses on "the infrastructure for next-generation tokenization and native digital financial products," while exploring regulatory-compliant blockchain market opportunities. CoinDesk reported that the joint venture plans to apply for U.S. broker-dealer and futures commission merchant licenses.πππ
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Saylor has been consistently buying Bitcoin through Strategy in recent years, transforming the company into a highly leveraged Bitcoin capital market platform using equity, debt, and novel financial instruments. Structured tools like STRC are considered key designs for Strategy's ability to expand capital mobilization.
However, Ki Young Ju believes the problem with this narrative is that it's no longer as simple and compelling as the past Bitcoin claims.
He stated that he misses the era when the message was very direct: "Bitcoin is free money, money for those willing to fight for freedom."
In contrast, terms like "digital credit" and "Bitcoin bank" are closer to institutional financial engineering and might attract financial institutions, but they are unlikely to reignite public sentiment and faith in Bitcoin.πππ
However, Ki Young Ju believes the problem with this narrative is that it's no longer as simple and compelling as the past Bitcoin claims.
He stated that he misses the era when the message was very direct: "Bitcoin is free money, money for those willing to fight for freedom."
In contrast, terms like "digital credit" and "Bitcoin bank" are closer to institutional financial engineering and might attract financial institutions, but they are unlikely to reignite public sentiment and faith in Bitcoin.πππ
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Who were the initial investors in CEP?
The US-based Bitcoin company Twenty One went public through a merger with Cantor Equity Partners (ticker symbol CEP), a special purpose acquisition company (SPAC) under Cantor Fitzgerald. Strike founder Jack Mallers serves as CEO, and the shareholder lineup includes Tether, Japan's Softbank Group, the exchange Bitfinex, and Cantor Fitzgerald.
Tether and Bitfinex directly transferred 31,500 bitcoins in exchange for equity in the new company. Softbank Group purchased bitcoins through Tether with cash, becoming its second-largest shareholder.
After the transaction, Tether held a 51.7% voting power, giving it absolute control.β€οΈβ€οΈβ€οΈ
The US-based Bitcoin company Twenty One went public through a merger with Cantor Equity Partners (ticker symbol CEP), a special purpose acquisition company (SPAC) under Cantor Fitzgerald. Strike founder Jack Mallers serves as CEO, and the shareholder lineup includes Tether, Japan's Softbank Group, the exchange Bitfinex, and Cantor Fitzgerald.
Tether and Bitfinex directly transferred 31,500 bitcoins in exchange for equity in the new company. Softbank Group purchased bitcoins through Tether with cash, becoming its second-largest shareholder.
After the transaction, Tether held a 51.7% voting power, giving it absolute control.β€οΈβ€οΈβ€οΈ
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Broad crypto markets fell into risk-off mode after hawkish central bank remarks, pulling BTC and XRP lower alongside most digital assets. Bitcoin dipped 3.2% to $61,600 amid ETF outflows, while XRP lost 5.1% as traders rotated capital to cash equivalents. On-chain data showed retail investors converting portions of BTC and XRP into fiat to avoid further drawdowns, pushing the Crypto Fear & Greed Index to extreme fear territory.
Institutional desks held long-term BTC positions but trimmed XRP exposure over short-term regulatory uncertainty. Analysts noted XRPβs tighter correlation to altcoin sentiment amplified its losses versus BTC during sell-offs. Most large investors stayed on the sidelines, waiting for clearer policy signals before rebuilding holdings of both core crypto assets BTC and XRP.πππ
Institutional desks held long-term BTC positions but trimmed XRP exposure over short-term regulatory uncertainty. Analysts noted XRPβs tighter correlation to altcoin sentiment amplified its losses versus BTC during sell-offs. Most large investors stayed on the sidelines, waiting for clearer policy signals before rebuilding holdings of both core crypto assets BTC and XRP.πππ
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The supply-demand imbalance in Bitcoin will cause BTC prices to rise.
As demand grows and institutional whales' wallets become increasingly large, there aren't enough sellers to cap prices, especially for OG Bitcoin holders who are unwilling to sell. A significant percentage of Bitcoin will never be sold due to forgotten passwords or lost hard drives containing Bitcoin wallet keys. Satoshi Nakamoto, in particular, is believed to have held 1.1 million Bitcoins in his wallet, and it's widely speculated that he's deceased, meaning these tokens are permanently frozen.
Furthermore, the total supply of Bitcoin is fixed (21 million), gradually released through the mining process. The mining reward halves approximately every four years until all Bitcoins are mined. Due to the constantly decreasing supply of new Bitcoins, only about 164,250 new Bitcoins are added annually today, which is only about half the amount of Bitcoin held by MicroStrategy.π±π±π±
As demand grows and institutional whales' wallets become increasingly large, there aren't enough sellers to cap prices, especially for OG Bitcoin holders who are unwilling to sell. A significant percentage of Bitcoin will never be sold due to forgotten passwords or lost hard drives containing Bitcoin wallet keys. Satoshi Nakamoto, in particular, is believed to have held 1.1 million Bitcoins in his wallet, and it's widely speculated that he's deceased, meaning these tokens are permanently frozen.
Furthermore, the total supply of Bitcoin is fixed (21 million), gradually released through the mining process. The mining reward halves approximately every four years until all Bitcoins are mined. Due to the constantly decreasing supply of new Bitcoins, only about 164,250 new Bitcoins are added annually today, which is only about half the amount of Bitcoin held by MicroStrategy.π±π±π±
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