Bitwise Asset Management says ETH$4,194.56 is rapidly cementing its place as a treasury asset. Digital asset treasuries (DATs), once largely bitcoin-centric, are now allocating to ether at scale, creating structural demand that exceeds net new supply, the firm said in a Monday report. “ETH treasuries are no longer a side story. They are becoming a … Read more
Opinion by: Margaret Rosenfeld, chief legal officer of Everstake For years, the approval of crypto exchange-traded funds (ETFs) has been one of the most contested battles in financial regulation. The first applications for a Bitcoin (BTC) ETF date back more than a decade. Only in early 2024, after repeated denials and a court battle that … Read more
Stablecoins are fast becoming a mainstream payment vehicle and not just for legitimate transactions. Criminals, like everyone else, would rather avoid currency risk as they move large sums of money around. That can make stablecoins like Tether’s USDT and the USDC issued by Circle Internet (CRCL), whose values are pegged 1:1 to the U.S. currency, … Read more
Google Cloud, in recent times, has been taking multiple steps to establish itself as a pro-Web3 entity. Now, Solana Labs has joined forces with Google Cloud. Through this partnership, the team behind the eco-friendly green blockchain will use the capabilities of Google Cloud to offer its own blockchain-based game development suit to developers. With this, … Read more
The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such … Read more