๐ Tokenization of real-world assets (RWA) is heating up ๐
Bitwise says stocks, bonds, and real estate are rapidly moving on-chain โ with Ethereum leading the pack at 55%.
Even if just 1โ5% of the $257T global market gets tokenized, weโre talking trillions flowing into crypto. ๐ค
Basically, Wall Street is about to learn what โnumber go upโ really means. ๐
Bitwise says stocks, bonds, and real estate are rapidly moving on-chain โ with Ethereum leading the pack at 55%.
Even if just 1โ5% of the $257T global market gets tokenized, weโre talking trillions flowing into crypto. ๐ค
Basically, Wall Street is about to learn what โnumber go upโ really means. ๐
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๐คฏ Crypto Alert: $9B in Stablecoins Moved to Exchanges
Over the past 1.5 days, $9,000,000,000 in stablecoins flowed to exchanges โ likely prepping for the Fedโs interest rate decision tonight.
Markets are expecting a 25bps cut, but the real question is whether this new rate is already priced in. ๐ค
Stay tuned โ volatility could spike. ๐ข
Over the past 1.5 days, $9,000,000,000 in stablecoins flowed to exchanges โ likely prepping for the Fedโs interest rate decision tonight.
Markets are expecting a 25bps cut, but the real question is whether this new rate is already priced in. ๐ค
Stay tuned โ volatility could spike. ๐ข
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๐ฐ 1 in 4 Bitcoin-Holding Companies Trades Below Its Reserves ๐
๐ K33 analysts report that about 25% of public Bitcoin companies are trading at a discount to their crypto reserves, limiting capital raises via stock issuance.
Highlights:
โช๏ธNAKA (KindlyMD + Nakamoto) down 96% since peak, mNAV 0.7
โช๏ธTwenty One (backed by Tether) mNAV <1
โช๏ธMicroStrategy mNAV 1.26 (lowest since Mar 2024)
Average mNAV across all public BTC companies fell 3.76 โ 2.8. Smaller firms often trade below reserve value, while giants still carry a premium. ๐ง
๐ Daily BTC purchases by public companies are at 1428 BTC/day, the lowest since May. Total corporate reserves exceed 1M BTC.
๐ต๏ธโโ๏ธ Analysts say retail investors and BTC ETFs are now increasingly driving demand.
๐ K33 analysts report that about 25% of public Bitcoin companies are trading at a discount to their crypto reserves, limiting capital raises via stock issuance.
Highlights:
โช๏ธNAKA (KindlyMD + Nakamoto) down 96% since peak, mNAV 0.7
โช๏ธTwenty One (backed by Tether) mNAV <1
โช๏ธMicroStrategy mNAV 1.26 (lowest since Mar 2024)
Average mNAV across all public BTC companies fell 3.76 โ 2.8. Smaller firms often trade below reserve value, while giants still carry a premium. ๐ง
๐ Daily BTC purchases by public companies are at 1428 BTC/day, the lowest since May. Total corporate reserves exceed 1M BTC.
๐ต๏ธโโ๏ธ Analysts say retail investors and BTC ETFs are now increasingly driving demand.
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๐ค FOMC Decision in 2 Hours
๐ CryptoQuant notes 9 straight days of BTC outflows from Binance โ a clear sign that whales are positioning ahead of the Fedโs rate decision.
Markets largely expect a rate cut, and Bitcoin seems to have priced it in already: the price jumped from $108K โ $115K on growing expectations. ๐ ๐๐
๐ CryptoQuant notes 9 straight days of BTC outflows from Binance โ a clear sign that whales are positioning ahead of the Fedโs rate decision.
Markets largely expect a rate cut, and Bitcoin seems to have priced it in already: the price jumped from $108K โ $115K on growing expectations. ๐ ๐๐
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๐ SEC Greenlights Faster Crypto ETF Approvals
The SEC has approved generic listing standards that streamline the process for spot crypto ETFs, cutting approval times from months to weeks.
Exchanges like Nasdaq, NYSE Arca, and Cboe BZX can now list products without each application being reviewed individually.
โ Chair Paul Atkins: move reduces barriers & boosts investor choice
๐ Bloombergโs James Seyffart calls it โthe crypto ETP framework weโve been waiting forโ
๐ฐ Upcoming ETFs could include SOL, XRP, LTC, DOGE, AVAX, LINK, DOT, BNB
โ ๏ธ Commissioner Crenshaw warned of investor risks, saying this could flood the market with under-vetted products.
The SEC has approved generic listing standards that streamline the process for spot crypto ETFs, cutting approval times from months to weeks.
Exchanges like Nasdaq, NYSE Arca, and Cboe BZX can now list products without each application being reviewed individually.
โ Chair Paul Atkins: move reduces barriers & boosts investor choice
๐ Bloombergโs James Seyffart calls it โthe crypto ETP framework weโve been waiting forโ
๐ฐ Upcoming ETFs could include SOL, XRP, LTC, DOGE, AVAX, LINK, DOT, BNB
โ ๏ธ Commissioner Crenshaw warned of investor risks, saying this could flood the market with under-vetted products.
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๐ Hereโs how the price reacts to Jerome Powellโs signature โGood Afternoonโ
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๐ฐ Lost $6M Just Like That
Another phishing victim: a user signed a malicious transaction and instantly lost $6,000,000. ๐ฃ
One careless click โ and the wallet was drained. ๐คท
A brutal reminder: always double-check approvals and links before signing anything on-chain.
Another phishing victim: a user signed a malicious transaction and instantly lost $6,000,000. ๐ฃ
One careless click โ and the wallet was drained. ๐คท
A brutal reminder: always double-check approvals and links before signing anything on-chain.
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๐ NBA star Forgot His Bitcoin Password!
NBA star Kevin Durant canโt access his old Coinbase account, where he started stacking BTC back in 2016. ๐คท
His agent Rich Kleiman isnโt worried though:
๐ โWe never sold anything, and Bitcoin just kept mooning โ it only benefited us.โ
Durant bought BTC when it was $360โ$1,000. Now itโs at ~$116K โ over +11,000% since then. ๐
Coinbase says theyโre working on recovery, but for now KDโs forgotten password is turning into the best โHODL strategyโ of all time.
NBA star Kevin Durant canโt access his old Coinbase account, where he started stacking BTC back in 2016. ๐คท
His agent Rich Kleiman isnโt worried though:
๐ โWe never sold anything, and Bitcoin just kept mooning โ it only benefited us.โ
Durant bought BTC when it was $360โ$1,000. Now itโs at ~$116K โ over +11,000% since then. ๐
Coinbase says theyโre working on recovery, but for now KDโs forgotten password is turning into the best โHODL strategyโ of all time.
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๐ Coinbase Reserves Hit 4-Year High
๐ CryptoQuant reports Coinbaseโs BTC, ETH, and stablecoin reserves just reached $112B โ the largest in 4 years.
Historically, rising exchange reserves have often preceded liquidity surges and bullish market trends. Could be a green light for bulls ๐๐
๐ CryptoQuant reports Coinbaseโs BTC, ETH, and stablecoin reserves just reached $112B โ the largest in 4 years.
Historically, rising exchange reserves have often preceded liquidity surges and bullish market trends. Could be a green light for bulls ๐๐
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Crypto soothsayer
๐ NBA star Forgot His Bitcoin Password! NBA star Kevin Durant canโt access his old Coinbase account, where he started stacking BTC back in 2016. ๐คท His agent Rich Kleiman isnโt worried though: ๐ โWe never sold anything, and Bitcoin just kept mooning โ itโฆ
๐ฆ Kevin Durant Gets His Bitcoin Back
After years of being locked out, NBA star Kevin Durant has finally regained access to his Coinbase account, CEO Brian Armstrong confirmed.
Durant bought BTC back in 2016 at just $360โ$1,000 โ meaning his long โHODL by accidentโ might be one of the best plays of his career ๐๐
After years of being locked out, NBA star Kevin Durant has finally regained access to his Coinbase account, CEO Brian Armstrong confirmed.
Durant bought BTC back in 2016 at just $360โ$1,000 โ meaning his long โHODL by accidentโ might be one of the best plays of his career ๐๐
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๐ Weekend washout for longs
Bitcoin and Ethereum set fresh local lows, triggering a bloody liquidation wave for overleveraged traders.
โช๏ธBTC briefly dipped to $112,500
โช๏ธETH slid to $4,144 ๐ฌ
Bitcoin and Ethereum set fresh local lows, triggering a bloody liquidation wave for overleveraged traders.
โช๏ธBTC briefly dipped to $112,500
โช๏ธETH slid to $4,144 ๐ฌ
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