491.27K
1.05M
2025-01-15 15:00:00 ~ 2025-01-22 09:30:00
2025-01-22 11:00:00 ~ 2025-01-22 23:00:00
Total supply1.00B
Resources
Introduction
Jambo is building a global on-chain mobile network, powered by the JamboPhone — a crypto-native mobile device starting at just $99. Jambo has onboarded millions on-chain, particularly in emerging markets, through earn opportunities, its dApp store, a multi-chain wallet, and more. Jambo’s hardware network, with 700,000+ mobile nodes across 120+ countries, enables the platform to launch new products that achieve instant decentralization and network effects. With this distributed hardware infrastructure, the next phase of Jambo encompasses next-generation DePIN use cases, including satellite connectivity, P2P networking, and more. At the heart of the Jambo economy is the Jambo Token ($J), a utility token that powers rewards, discounts, and payouts.
Key points: Bitcoin futures buy volume indicates that traders are becoming increasingly long-term bullish on BTC this month. The $110,000 “gap” in CME Group’s Bitcoin futures remains unfilled. Bitcoin ETF options experience a spike in popularity as IBIT open interest nears $40 billion. Bitcoin ( BTC ) derivatives traders are flipping “aggressively long” as price squeezes closer to all-time highs. In a new analysis released on X Friday, J. A. Maartunn, a contributor to the onchain analytics platform CryptoQuant, revealed a significant shift in Bitcoin futures in October. Bitcoin futures buy volume surges in October Bitcoin futures markets are undergoing a transformation in sentiment as October gets underway. As Maartunn showed, net buy volume has surged, and is now outpacing net sell volume by $1.8 billion. “Futures buyers are stepping up,” he commented alongside a CryptoQuant chart of net taker volumes on the largest crypto exchange, Binance. Bitcoin net taker volume (Binance). Source: Maartunn/X The post was a response to observations by CryptoQuant CEO Ki Young Ju, who noted that Bitcoin’s latest local highs came on the back of sustained buy momentum among derivative-market whales. “A clear sign of aggressive long positioning,” Maartunn added. Just days ago, futures markets were hitting the headlines for the opposite reason. A weekend “gap” left in CME Group’s Bitcoin futures had become a new short-term BTC price correction target for traders, lying just above $110,000, per data from Cointelegraph Markets Pro and TradingView . CME Group Bitcoin futures one-hour chart with gap highlighted. Source: Cointelegraph/TradingView Despite gaps being filled within weeks or days in recent months, sellers failed to initiate a deep enough retracement this week. As Cointelegraph reported , plans are afoot at CME to make Bitcoin futures trade around the clock, removing the “gap” phenomenon. Bloomberg analyst: Bitcoin ETFs are “no joke” The US spot Bitcoin exchange-traded funds (ETFs), meanwhile, took in more than $600 million during Thursday’s Wall Street trading session. Related: Bitcoin’s next stop could be $125K: Here’s why US spot Bitcoin ETF netflows (screenshot). Source: Farside Investors With the week’s total at $2.25 billion at the time of writing, ETF data continued to surprise. In an X post Friday, James Check, creator of onchain data resource Checkonchain, flagged surging growth in options on the largest spot ETF, BlackRock’s iShares Bitcoin Trust (IBIT). “The growth of IBIT options is the least discussed, but most significant markets structure shift for Bitcoin since the ETFs themselves,” he argued. “Not only did IBIT surpass Deribit, but Options are now larger then futures by open interest.” Bitcoin options open interest dominance. Source: James Check/X Eric Balchunas, a dedicated ETF analyst for Bloomberg, initially reported on IBIT surpassing Coinbase’s Deribit, with the former’s open interest now at $38 billion. “I told y’all ETFs are no joke.. Fat crypto margins in trouble,” he concluded. IBIT vs Deribit Bitcoin options open interest. Source: Eric Balchunas/X
It’s safe to say the rush to tokenize trillions of dollars in real-world assets is on. BlackRock, the world’s largest asset manager, pushes further into tokenized funds after its BUIDL fund surpassed $2 billion. Nasdaq has filed with the SEC to begin trading tokenized securities. Meanwhile, companies like Stripe and Robinhood are building their own blockchain solutions. Summary The debate is no longer if capital markets move on-chain, but how — and flawed infrastructure could derail tokenization’s promise. With 50+ L2s and reliance on fragile bridges, liquidity is scattered, hacks are rising, and users face a fractured market experience. Private blockchains cut off liquidity and rebuild silos, echoing centralized risks like the Robinhood/GameStop saga. A horizontally scaled, natively interoperable system can unify liquidity, enable regulatory oversight, and provide the trust, efficiency, and transparency global markets need. The question is no longer if capital markets will move on-chain, but how. And the answer will determine whether tokenization revolutionizes global finance — or collapses into a broken, inefficient system. This “infrastructure debate” is not a technical footnote. It’s the central challenge that will define the future of on-chain finance. If we get it wrong, the promise of tokenization could collapse under its own weight. You might also like: Building the future of tokenized finance: What will it take? | Opinion The coming split in on-chain finance Although promising, new dominant approaches to building financial plumbing are dangerously unstable and flawed. Sure, Ethereum’s (ETH) Layer-2 and Layer-3 roadmaps are innovative. But they’re examples of getting in step with technological progress, while simultaneously, they leave behind a patchwork of disconnected systems. With over 50 L2s already out there, liquidity is becoming scattered across isolated ecosystems. The problem is that hackers love environments where movements between ecosystems rely on fragile bridges: over $700 million was lost to bridge exploits last year alone. This leaves each L2 responsible for building its own services, eroding the promise of smooth interoperability and giving users a fractured experience. On the other hand, enterprise-built “walled-garden” blockchains introduce a different but equally serious problem. These private networks may offer privacy, but they cut enterprises off from the wider crypto economy. Liquidity and users are driven elsewhere, and the silos that tokenization was meant to dismantle get rebuilt. History has shown the dangers of centralized control. The GameStop saga, where Robinhood froze trading, demonstrated how a single entity can cut off access to markets. It all points to tokenized assets framed in closed systems, which can undermine the whole purpose of open markets. That’s the problem that enterprise chains risk reviving. A multichain foundation for global markets So, is multichain infrastructure built on horizontal scaling and native interoperability a better path? First and foremost, instead of piling on layers or erecting walls, this method connects parallel blockchains so they can share security and finality without the need for brittle bridges. Adding more chains is similar to adding more lanes to a highway and basically translates to boosting capacity in order to handle the speed and scale institutions require. Most importantly, the need for centralized mediums can be eliminated through native interoperability, and data and assets would be enabled to move effortlessly across chains. That way, liquidity is shared, not trapped, creating a modular environment for markets to explore. This means enterprises can launch sovereign, high-performance blockchains and still keep access to the broader ecosystem. For markets, on the other hand, it provides a neutral, trusted, and scalable bedrock. New architectures are already proving this in action. They’re creating a unified liquidity pool while enabling specialized applications. The stakes: Trust, liquidity, and regulation Complex tokenized markets simply cannot function with silos-trapped liquidity. Put simply, the core value of turning an asset into a token is to make it more liquid and accessible, but a disjointed ecosystem contradicts that purpose. Hypothetically, an investor holds a tokenized security on one L2. Now, if they can’t “communicate” and trade with a buyer on another, the market simply falls short on efficiency. Fragmented ecosystems of L2s and enterprise silos can’t withstand large trades that ask for deep, unified liquidity pools. They can’t avoid slippage. Moreover, trust is also on the line. A transparent and connected base layer gives regulators what they need, and that’s clear audits with full tracking of provenance across the ecosystem. In last year’s survey from the World Economic Forum, 79% of participants highlighted clear regulations as the top requirement for adopting on-chain cash. Let’s be honest, it’s not realistic to expect regulators to monitor multiple isolated networks. Therefore, a multichain foundation offers a clearer view of market activity, and risks become easier to detect and reduce. It all comes to this: connectivity is essential for trust, adoption, and scale. Connectivity, not control Global finance is at a crossroads as real-world assets move on-chain. Trillions of dollars in value could be made more efficient, liquid, and transparent. However, here comes the “if.” If we keep building the bunkers of yesterday under the cozy blanket of innovation, what will the future look like? Of course, short-term fixes might be offered through splintered L2s and closed-off enterprise chains. But they will most likely fracture markets, stall adoption, and undermine the promise of tokenization. Tokenization won’t succeed if it’s built on silos. The future of global markets depends on connectivity, not control. Read more: 2025 will make tokenized real-world assets mainstream | Opinion C.J Freeman C.J Freeman is a developer, published author, and active KoL on Crypto X. He is well-known in the Web3 space not just for his Solidity expertise, but for championing crypto assets in the information age. Before joining Kadena, C.J has co-led startups, worked within LSTs, DAOS, and Oracle networks. Throughout, he has contributed to projects at both the technical and strategic levels. Now, at Kadena as Developer Relations, C.J focuses on growing and supporting a vibrant developer community through tooling, content, and events. He has established himself as a crucial link between developers and internal teams, turning feedback into real product improvements.
TOKEN2049 Singapore officially concluded on October 2. As a Platinum Sponsor, Ju.com showcased its rebrand and product rhythm across the exhibition floor, side events, and media activities. In her keynote speech, CEO and Co-Founder Sammi Li outlined the platform’s ecosystem expansion, the RWA liquidity framework of xBrokers, the JuPay financial ecosystem, and the core belief that “asset ownership is a digital human right.” On-site Engagement and Community Interaction The Ju.com booth attracted a constant stream of visitors, remaining one of the busiest spots at the venue. Visitors participated in the interactive “LOOK! Point. Click. Trade.” game and collected exclusive merchandise, including JU IP T-shirts and the Singapore-inspired “Merlion JU Bag.” The booth design adopted Ju.com’s upgraded orange-and-black color scheme with the distinctive “J” symbol at its core. During the conference, Ju.com collaborated with multiple ecosystem partners for joint promotions and hosted pre-event campaigns and prize draws. The official afterparty, “JuVibe: I’Mpossible Night,” brought together Web3 builders, investors, and community members from around the world. CEO Sammi’s Keynote Highlights Ju.com CEO Sammi Li opened her keynote with the visual logic behind the brand upgrade. On the screen, the word “Impossible” instantly shifted to “I’m Possible” as the orange “J” slid into place, creating a clear and immediate transformation. She explained that first-time users should no longer be discouraged by the hurdles of seed phrases, cross-chain transfers, or transaction fees. The essence of Ju.com’s brand upgrade is to make every interaction signal “this can be done.” The platform’s product philosophy is distilled into three simple steps: Point to the target asset, Click to initiate without an external wallet or seed phrase, and Trade with routing and settlement completed seamlessly in the background. A live demo showed how fiat deposits could flow frictionlessly into crypto and return to the trading screen within seconds. As of September 2025, Ju.com has grown to more than 50 million users worldwide, spanning over 100 countries, with daily trading volume around $5 billion. Its ecosystem now includes JuChain (L1 blockchain infrastructure), xBrokers (RWA liquidity network), JuCard (seamless payment solution), JuPay (PayFi infrastructure), and Ju.com Labs (venture & incubation). The JU token, launched earlier this year at $0.10, has risen above $7. The JuPay Ecosystem: A Complete Loop from Trading to Dailyf Life In her speech, Sammi devoted considerable time to explaining JuPay’s core position as Ju.com’s infrastructure foundation. She described JuPay as “the bridge connecting Web3 assets to Web2 life,” built through several key modules. JuCard: Global Spending with Lowest Fees JuCard covers 200+ countries and regions through the Visa/MasterCard network, charging only 0.6% in fees, far below traditional cross-border payment costs of 3-5%. Users can generate a digital card in one minute through an efficient KYC process, ready to use immediately. The built-in real-time exchange rate engine automatically handles instant conversion between crypto and fiat. When users pay with crypto like USDT, BTC, and JU, the system converts it to the merchant’s accepted fiat currency at real-time rates, with the entire process handled in the background. JuChain ensures settlement security and asset custody transparency, with all payment records verifiable on-chain. Fiat On-Ramp & Global Remittance: Bridging the Last Mile of Fund Flow JuPay’s fiat on-ramp module enables unrestricted global access. Sammi emphasized, “Through deep partnerships with third-party payment platforms like Simplex and Moonpay, users can quickly deposit using major fiat currencies like USD and EUR, completing the entire journey from wanting to trade to executing the first trade within minutes.” JuPay’s global remittance function redefines cross-border transfers. Settled on blockchain, funds arrive in real-time with fees far below traditional wire transfers that take 3-5 business days and involve multiple intermediary fees. Recipients can choose to receive cryptocurrency or convert directly to local fiat, meeting different scenario needs. QR Code Payment & Merchant System: Seamless Bridge from Web3 to Web2 JuPay’s QR code payment brings crypto assets into everyday life. Users scan a QR code through the mobile app, enter the amount and confirm. The flow is identical to Alipay or WeChat Pay, but cryptocurrency settles in the background. Merchants receive fiat settlement, users pay in USDT or BTC, and all complex conversions are absorbed by JuPay’s infrastructure. The merchant side provides a complete point-of-sale and backend solution with one-click onboarding, no complex technical integration required. The merchant backend supports order management, transaction statistics, refund processing, and API integration, meeting different commercial scenario needs. Sammi stated, “Whether you’re a street corner shop or a chain brand, you can complete deployment within hours and start accepting cryptocurrency payments.” JuLife: Integrating Crypto Assets into Daily Living The final piece of the JuPay ecosystem is JuLife, deeply integrating crypto assets with daily life services. Coverage includes mobile top-ups, hotel and flight bookings, retail shopping, online shopping, and gaming consumption. Sammi said, “JuLife’s logic is simple: if your assets are all on-chain, why constantly convert to fiat just to spend? We bring the spending scenarios directly to you.” Strategic Significance of JuPay: The World’s First Borderless Financial Lifestyle Loop Sammi concluded, “Many payment solutions only handle one segment, maybe cards, maybe remittance, maybe QR codes, but users need the complete experience: deposit, trade, spend, transfer, book services. JuPay is the world’s first to connect all these segments, achieving the lowest fees, fastest speeds, and widest coverage at every stage.” She continued, “More importantly, JuPay doesn’t exist in isolation. It’s deeply integrated with Ju.com’s trading platform, JuChain’s high-performance public chain, and xBrokers’ RWA liquidity network. Within this ecosystem, users can trade, invest, pay, and live, seamlessly switching between functions. This is the complete fusion of digital assets with daily life.” Sammi also highlighted xBrokers and its “Triple Flywheel Model.” Within a strict KYC/AML framework, retail investors can now participate in Hong Kong private placements once reserved only for institutions. Subscribed shares are automatically staked to ease immediate sell pressure, with rules transparent on-chain. Licensed brokers hold custody of the real equities, which are traded directly on Ju.com with both fiat and stablecoin ramps integrated. In addition, staked shares generate $X rewards and coupon incentives on a scheduled basis, with every activity verifiable on-chain. She emphasized that this model brings three important changes. For investors, potential returns combine subscription discounts, dividends, staking yields, and share performance, with outcomes depending on market conditions and holding periods. For companies, financing and secondary market support form a loop, turning placements from one-off events into a mechanism for sustained liquidity. For regulators, every participant passes KYC/AML, custody and settlement are handled through licensed institutions, and all fund and incentive flows remain transparent and auditable. “Static holdings are transformed into active contributors,” Sammi concluded. “Liquidity begins to function as a system.” On compliance, Ju.com holds multiple licenses, including a U.S. MSB registration, a Thailand exchange license, and a stablecoin permit, and is advancing license applications with Dubai’s VARA and the EU’s MiCA framework. The team numbers more than 500 professionals across 30+ countries, combining global standards with local adaptation. As friction falls, user journeys accelerate, from first attempts, to success, to deeper exploration. Looking ahead, Sammi said blockchain should fade into the background like electricity: users should see only clean interfaces and predictable outcomes. The U.S. and Hong Kong Stock Zones, together with the Early Bird Subscription Zone, are positioned as gateways to mainstream adoption, with complexity absorbed by the system and decisions executed through familiar steps. In closing, Sammi underscored Ju.com’s core value: “Asset ownership is a digital human right. We are building the Sovereign Asset Exchange on two pillars: Dynamic Custody, enabling assets to move freely between self-custody and the exchange, and Modular Access, which unifies product capabilities under a single entry point. Sovereignty is the foundation of market trust, and this framework is designed to become the constitutional standard for digital trading.” JuVibe: I’Mpossible Night On the evening of October 2, Zouk Singapore transformed into an orange-and-black immersive space. The JuVibe: I’Mpossible Night afterparty drew thousands of Web3 professionals, investors, and community members, making it one of the most talked-about side events of TOKEN2049. The event featured a 360° LED wall and dynamic stage design built around the “J” symbol and the theme of “Rewrite Impossible.” Co-hosted by four title sponsors: JuChain, xBrokers, Alibaba Cloud, and Butterfly, the party combined brand showcases, live DJ performances, prize draws, and immersive visuals. Each sponsor presented updates: JuChain on its secure L1 architecture, xBrokers on the rollout of the Early Bird Subscription Zone, and Alibaba Cloud and Butterfly on infrastructure and ecosystem collaboration. From Expo to Emotion Across the exhibition, the keynote, and the afterparty, Ju.com’s rebrand landed on every level: visual, product, and emotional. Visitors experienced “Point. Click. Trade.” in interactive games, understood the RWA liquidity framework through Sammi’s keynote, and carried the story into collective memory at JuVibe. As attendees left, some discussed the mechanics of xBrokers and JuPay, others explored JuChain’s architecture, while many shared photos of exclusive JU merchandise. The message was clear: when complexity disappears, participation rises, trust deepens, and adoption expands. Sammi closed her keynote with a simple promise: “On Ju.com, users don’t see complexity. They see clarity, speed, and control. Point. Click. Trade. brings the impossible into everyday reach. With Ju.com, every trade is just one click away
J.P. Morgan Wealth Management’s head of investment strategy thinks the stock market has more room to grow. Elyse Ausenbaugh says in a new interview with CNBC that AI investment is a powerful tailwind. The investment strategist predicts the Federal Reserve’s easing and corporate profits will both play a role in equity prices going forward. “We can’t discount the value of the Fed rate-cutting cycle. We’ve been implementing our so-called Fed rate-cutting playbook, and we expect that to play out, absent a recession, going forward. When you look at things like corporate profit margins still around the highest levels that they’ve been throughout this cycle, when you think about all of the investment that’s being funneled into infrastructure supporting artificial intelligence and the way that that’s filtering through sectors, and when you look through and kind of think about all of the uncertainty that’s finally starting to dissipate as it relates to things like tariff policy, we think that there is a path ahead to keep valuations supported but also continue to fuel earnings growth.” Ausenbaugh says her firm is watching the jobs outlook closely, though she notes they are characterizing the labor market as “bending but not breaking.” She acknowledges the substantial slowdown in hiring but predicts there won’t be “a meaningful rise” in layoffs. “To seed that, usually throughout history it would require a meaningful deterioration of corporate profit margins, and with this momentum that we have going, we think that they can stay fairly well supported.” Generated Image: Midjourney
Once upon a time, the Commodity Futures Trading Commission and the Securities and Exchange Commission fought like cats in a sack over who owned which crypto patch. Fast forward to today, and CFTC’s acting boss, Caroline Pham, drops the mic: “The turf war is over.” That’s right, guys, the regulatory showdown that’s held crypto hostage for years is apparently kaput. Regulatory clarity The battle lines were clear. CFTC said most of the crypto market fits their commodities clubhouse, per former Chair Rostin Behnam. Meanwhile, ex-SEC Chair Gary Gensler insisted those cryptos were securities, fiercely waving their own regulatory flag. This standoff left traders and projects caught in a bureaucratic limbo, desperately trying to figure out which regulator to kiss up to. Have you heard about the regulatory clarity, and the lack of it? This was that. Enter the latest roundtable, hosted by the CFTC and SEC themselves, like bringing frenemies to therapy. Pham admitted the lanes they’re supposed to patrol can get unclear or unintuitive, causing unnecessary friction and giving market players more headaches than a hangover. Translation, the regulators spent too much time squabbling, and not enough time working together. Harmonization In the hallowed halls of Washington, lawmakers are cooking up the Clarity Act, a bill that could slap broader authority on the CFTC to oversee crypto assets across the board. This could finally settle the “who’s boss” debate once and for all, setting clearer boundaries in the crypto industry. Don’t expect a full regulatory marriage, though. SEC Chair Paul Atkins crushed the juicy gossip about an SEC-CFTC merge, calling it fanciful talk that risks distracting from the monumental opportunity ready to be seized. Harmonization, not a government shake-up, is the mantra of the day. Clear the fog The joint roundtable brought the heavy hitters to the table. Executives from Kraken, Robinhood, J.P. Morgan, Kalshi, and even Bank of America chimed in, showing this isn’t just a D.C. soap opera, it’s a high-stakes game shaping the future of crypto regulation and innovation. So here’s the moral of the story, the regulators are done playing territorial games for now, focusing instead on a shaky but deliberate truce to keep the crypto engine humming. With trillions in crypto assets on the line and lawmakers drafting legislation to clear the fog, the peace treaty might just ignite a new era of crypto clarity, or at least keep the headaches from multiplying. Written by András Mészáros Cryptocurrency and Web3 expert, founder of Kriptoworld LinkedIn | X (Twitter) | More articles With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
Original Title: The Race To Rewire Wall Street: Is Ethereum The Safest Bet? Original Author: Jón Helgi Egilsson, Forbes Translated by: TechFlow Ethereum co-founder Vitalik Buterin, together with his foundation, Electric Capital, and Paradigm, is backing Etherealize with a $40 million launch—this startup has a single mission: to reinvent Wall Street on top of Ethereum. Every day, Wall Street’s financial system processes trillions of dollars in capital flows—many of which still run on systems built decades ago. Mortgage and bond trades can take days to settle. Intermediaries add layers of cost, tie up capital, and amplify risk. For the world’s largest banks and asset managers, choosing the wrong technology infrastructure could lock in a new generation of inefficiency. Blockchain technology could change this. But the question is, which blockchain is the best choice? Critics argue that Ethereum is slow and expensive, while competitors claim higher throughput. Additionally, fintech giants are even building their own blockchains. However, Etherealize co-founder and president, and core architect of Ethereum’s evolution, Danny Ryan, who led the historic Proof-of-Stake “Merge” project, insists that Ethereum’s security, neutrality, and cryptographic privacy make it uniquely suited to bear the weight of global finance. Yes, Wall Street needs to be reinvented—Ryan believes Ethereum is the only blockchain that can do it. Ryan has worked at the Ethereum Foundation for nearly a decade, closely collaborating with Vitalik Buterin and shaping the protocol at its most critical turning points. Now, with Etherealize having secured $40 million in investment from Paradigm, Electric Capital, and the Ethereum Foundation, as well as initial funding from the Ethereum Foundation, he is convinced that Ethereum is ready for the Wall Street market. Ryan’s answers—frank, precise, and somewhat surprising—go far beyond crypto hype, but he also details why Ethereum may be the safest choice for reinventing the financial system. Etherealize co-founder and president Danny Ryan believes Ethereum is the only blockchain with the security and neutrality to reinvent Wall Street. Security Is a Scarce Resource I started with an obvious question: Given Ethereum’s congestion and high fees, why would Wall Street trust it? Ryan didn’t hesitate: “Crypto-economic security is a scarce resource.” In Proof-of-Stake systems, validators must lock up capital, making attacks prohibitively expensive. Today, Ethereum has over one million validators and nearly $100 billion in staked value. “You can’t achieve that overnight,” he added. In contrast, newer blockchains can create faster networks but often rely on a handful of institutional backers. “That looks more like a consortium model,” Ryan explained. “You trust the companies, contracts, and legal recourse involved. That’s a different kind of security guarantee. It’s not the same as maintaining a neutral global network involving tens of billions of dollars.” The data backs him up. According to Etherealize’s latest research, Ethereum secures over 70% of stablecoin value and 85% of tokenized real-world assets. If security at scale is critical, Ethereum clearly has the edge. The Ethereum network has over one million validators and over $120 billion in staked value, making it the most secure blockchain—a “scarce resource” for institutions managing counterparty risk. (getty) Privacy: Promises and Mathematics Privacy is another key issue. No bank would put client transactions on a fully public ledger. Is this why projects like Canton, backed by major financial institutions, are getting attention? Ryan’s answer is sharp. “Canton relies on an honesty assumption—trusting that counterparties will delete sensitive data. That’s a sleight-of-hand approach to privacy. With cryptography, you can fundamentally solve the privacy problem.” He’s referring to zero-knowledge proofs (ZKP), a field of cryptography developed long before blockchains but now deployed at scale on Ethereum. ZKPs have become the backbone of “rollups,” a technology that compresses thousands of transactions and settles them on Ethereum. The same technology is expanding into privacy: enabling selective disclosure, allowing regulators to verify compliance without exposing all transaction details to the market. “You solve privacy with mathematics,” Ryan added—a phrase that feels like a guiding principle for how Ethereum meets institutional requirements. Institutional finance requires confidentiality. Ethereum’s zero-knowledge tools are designed to guarantee privacy through cryptography, not intermediaries. (getty) Modularity: Institutions Control Their Own Infrastructure I pressed him on Ethereum’s architecture. Compared to Stripe and Circle now trying to build streamlined blockchains from scratch, does Ethereum’s architecture seem overly complex? Ryan countered that the seemingly complex architecture is actually an advantage. “Institutions like the L2 model,” he explained. “It allows them to customize infrastructure while inheriting Ethereum’s security, neutrality, and liquidity. They can control their own infrastructure while still tapping into global network effects.” He pointed out that Coinbase’s Base network is a proof of concept. Built on Ethereum’s L2, Base generated nearly $100 million in sequencer revenue in its first year, demonstrating both economic viability and institutional scale. For Ryan, modularity isn’t a technical detail—it’s a blueprint for how institutions can build their own blockchain infrastructure without losing the benefits of a shared network. Ethereum’s scaling strategy combines rollups with data availability sampling—a path aiming for over 100,000 TPS without sacrificing security. (getty) Neutrality and Throughput What about speed? Solana and other competitors claim to process thousands of transactions per second. Isn’t that more practical for global finance than Ethereum’s relatively limited throughput? Ryan reframed the question. “When financial institutions consider blockchains, they’re not just asking ‘How fast is it?’ They’re also asking: Can this system execute correctly and stay online, and who do I have to trust? On Ethereum, the answer is: you don’t have to trust anyone.” This is what he calls “credible neutrality”—the guarantee that the underlying protocol doesn’t favor insiders. Ethereum hasn’t had a single day of downtime since 2015—a record that the financial system should recognize. As for scalability, Ryan referenced the roadmap laid out by Ethereum co-founder and chief architect Vitalik Buterin. He emphasized that the key is capacity coming from the aggregation of many L2s running on Ethereum, not a single chain. Today, this already means the entire system can process tens of thousands of transactions per second—and with upcoming upgrades like data availability sampling, Ryan says total throughput could break 100,000 TPS within just a few years. “Scalability is here—and without sacrificing trust,” he said. As Wall Street’s financial rails are modernized, the real question is which blockchain can meet institutions’ needs for scale, security, and privacy. (SOPA Images/LightRocket via Getty Images) The Bigger Picture Ryan doesn’t claim Ethereum is perfect. His point is that only Ethereum combines the security, privacy, modularity, and neutrality that institutions truly care about. Stripe, Circle, and others may try their own blockchains. But Ryan insists they’ll ultimately face a harsh reality: “Most companies will need to reconnect to Ethereum. Because security isn’t free—it’s a scarce resource.” For Wall Street, this may be a decision point: build on the island of proprietary systems, or connect to a neutral global network that has proven its resilience for a decade? Ethereum’s underlying architecture may not be the fastest blockchain yet, but for Wall Street, it may be the safest choice—a rapidly scaling architecture that guarantees privacy through mathematics, not promises that institutions might break.
Original Title: The Race To Rewire Wall Street: Is Ethereum The Safest Bet? Original Author: Jón Helgi Egilsson, Forbes Original Translation: TechFlow Ethereum co-founder Vitalik Buterin, together with his foundation, Electric Capital, and Paradigm, is backing Etherealize’s $40 million launch—a startup with a single mission: to reinvent Wall Street on top of Ethereum. (© 2024 Bloomberg Finance LP) Every day, Wall Street’s financial system processes trillions of dollars in capital flows—many of which still run on systems built decades ago. Mortgage and bond trades can take days to settle. Intermediaries add layers of cost, tie up capital, and amplify risk. For the world’s largest banks and asset managers, choosing the wrong technology infrastructure could lock in a new generation of inefficiency. Blockchain technology could change all of this. But the question is, which blockchain is the best choice? Critics argue that Ethereum is slow and expensive, while competitors claim higher throughput. Meanwhile, fintech giants are even building their own blockchains. However, Danny Ryan, co-founder and president of Etherealize and a core architect of Ethereum’s evolution, led the historic “proof-of-stake Merge” project. He insists that Ethereum’s security, neutrality, and cryptographic privacy make it uniquely suited to carry the weight of global finance. Indeed, Wall Street needs to be reinvented—and Ryan believes Ethereum is the only blockchain that can do it. Ryan has worked at the Ethereum Foundation for nearly a decade, closely collaborating with Vitalik Buterin and shaping the protocol at its most critical turning points. Now, with $40 million in investment from Paradigm, Electric Capital, and the Ethereum Foundation, and initial funding from the Ethereum Foundation, he is convinced Ethereum is ready for the Wall Street market. Ryan’s answer—frank, precise, and somewhat surprising—goes far beyond crypto hype, but he also details why Ethereum may be the safest choice for reinventing the financial system. Danny Ryan, co-founder and president of Etherealize, believes Ethereum is the only blockchain with the security and neutrality to reinvent Wall Street. Security Is a Scarce Resource I started with an obvious question: Given Ethereum’s congestion and high fees, why would Wall Street trust it? Ryan didn’t hesitate: “Crypto-economic security is a scarce resource.” In proof-of-stake systems, validators must lock up capital to make attacks prohibitively expensive. Today, Ethereum has over a million validators and nearly $100 billion in total value staked. “You can’t achieve that overnight,” he added. By contrast, newer blockchains can create faster networks but often rely on a handful of institutional backers. “That looks more like a consortium model,” Ryan explained. “You trust the companies, contracts, and legal recourse involved. That’s a different kind of security guarantee. It’s not the same as maintaining a neutral global network securing tens of billions of dollars.” The data backs him up. According to Etherealize’s latest research, Ethereum secures over 70% of stablecoin value and 85% of tokenized real-world assets. If security at scale is critical, Ethereum undoubtedly has the edge. The Ethereum network has over a million validators and more than $120 billion in staked value, making it the most secure blockchain—a “scarce resource” for institutions managing counterparty risk. (getty) Privacy: Promises and Mathematics Privacy is another key issue. No bank would put client transactions on a fully public ledger. Is this also why projects like Canton, backed by large financial institutions, are getting attention? Ryan’s answer is sharp. “Canton relies on an honor system—trusting counterparties to delete sensitive data. That’s a sleight-of-hand approach to privacy. With cryptography, you can solve privacy at its root.” He’s referring to zero-knowledge proofs (ZKP), a field of cryptography developed before blockchains but now widely used on Ethereum. ZKPs have become the backbone of “rollups,” technology that can compress thousands of transactions and settle them on Ethereum. The same technology is expanding into privacy: enabling selective disclosure so regulators can verify compliance without exposing all transaction details to the market. “You solve privacy with mathematics,” Ryan added—a phrase that feels like a guiding principle for how Ethereum meets institutional requirements. Institutional finance requires confidentiality. Ethereum’s zero-knowledge tools aim to guarantee privacy through cryptography, not intermediaries. (getty) Modularity: Institutions Control Their Own Infrastructure I pressed him on Ethereum’s architecture. Compared to Stripe and Circle now trying to build streamlined blockchains from scratch, does Ethereum’s architecture seem too complex? Ryan countered that the seemingly complex architecture is actually an advantage. “Institutions like the L2 model,” he explained. “It allows them to customize infrastructure while inheriting Ethereum’s security, neutrality, and liquidity. They can control their own infrastructure while still tapping into global network effects.” He pointed out that Coinbase’s Base network is a proof of concept. Built on Ethereum’s L2, Base generated nearly $100 million in sequencer revenue in its first year, demonstrating both economic viability and institutional-scale capability. For Ryan, modularity isn’t a technical detail—it’s a blueprint for how institutions can build their own blockchain infrastructure without losing the advantages of a shared network. Ethereum’s scaling strategy combines rollups with data availability sampling—a path aiming for over 100,000 TPS without sacrificing security. (getty) Neutrality and Throughput What about speed? Solana and other competitors claim to process thousands of transactions per second. Isn’t that more practical for global finance than Ethereum’s relatively limited throughput? Ryan reframed the question. “When financial institutions consider blockchains, they don’t just ask, ‘How fast is it?’ They also ask: Can this system execute correctly and stay online, and who do I have to trust? On Ethereum, the answer is: you don’t have to trust anyone.” This is what he calls “credible neutrality”—a guarantee that the underlying protocol doesn’t favor insiders. Ethereum hasn’t had a single day of downtime since 2015—a record worthy of recognition in financial systems. As for scalability, Ryan referenced the roadmap set by Ethereum co-founder and think tank architect Vitalik Buterin. He emphasized that the key is capacity comes from the aggregation of many L2s running on Ethereum, not a single chain. Today, this already means the whole system can process tens of thousands of transactions per second—and with upcoming upgrades like data availability sampling, Ryan says total throughput could break 100,000 TPS in just a few years. “Scalability is here—and without sacrificing trust,” he said. As Wall Street’s financial rails modernize, the real question is which blockchain can meet institutions’ needs for scale, security, and privacy. (SOPA Images/LightRocket via Getty Images) The Bigger Picture Ryan doesn’t claim Ethereum is perfect. His point is that only Ethereum combines the advantages institutions truly care about: security, privacy, modularity, and neutrality. Stripe, Circle, and others may try their own blockchains. But Ryan insists they’ll ultimately face a harsh reality: “Most companies will need to reconnect to Ethereum. Because security isn’t free—it’s a scarce resource.” For Wall Street, this may be a decision point: build on the islands of proprietary systems, or tap into a neutral global network that has proven its resilience for a decade? Ethereum’s underlying architecture may not be the fastest blockchain yet, but for Wall Street, it may be the safest choice—a rapidly scaling architecture that guarantees privacy through mathematics, not promises that institutions could break.
Original Article Title: The Race To Rewire Wall Street: Is Ethereum The Safest Bet? Original Article Author: Jón Helgi Egilsson, Forbes Original Article Translation: TechFlow of Deep Tide Ethereum co-founder Vitalik Buterin, with his foundation backing Etherealize alongside Electric Capital and Paradigm in a $40 million launch—a startup with a single mission: to reshape Wall Street on Ethereum's foundation. (© 2024 Bloomberg Finance LP) Each day, Wall Street's financial system processes trillions of dollars in fund flows—many of which still operate on systems built decades ago. Mortgage and bond transactions may take days to settle. Intermediaries add cost layers, tie up capital, and amplify risk. For the world's largest banks and asset management firms, choosing the wrong tech infrastructure could result in a new generation of inefficiency being locked in. Blockchain technology has the potential to change this status quo. But the question remains, which blockchain is the best choice? Critics argue that Ethereum is slow and costly, while competitors claim to have higher throughput. Furthermore, fintech giants have even started building their own blockchains. However, Etherealize's co-founder and president, core architect of Ethereum's evolution Danny Ryan, previously led the coordination of the historic Proof of Stake Merge project. He argues that Ethereum's security, neutrality, and cryptographic privacy make it well-suited to bear the burden of global finance. Indeed, Wall Street needs a reshape—Ryan believes Ethereum is the only blockchain capable of achieving this. Having worked at the Ethereum Foundation for nearly a decade, closely collaborating with Vitalik Buterin and shaping it at the protocol's most critical inflection points, Ryan is now backed by $40 million in investments from Paradigm, Electric Capital, and the Ethereum Foundation, with initial funding from the Ethereum Foundation, and he is confident that Ethereum is ready to enter the Wall Street market. Ryan's response—blunt, precise, and somewhat surprising—goes far beyond the realm of crypto hype, but he also details why Ethereum may be the safest choice to overhaul the financial system. Etherealize Co-founder and President Danny Ryan believes that Ethereum is the only blockchain with security and neutrality that can reshape Wall Street. Security is a Scarce Resource Let's start with an obvious question: Given Ethereum's congestion and high fees, why would Wall Street trust it? Ryan was quick to respond: Cryptoeconomic security is a scarce resource. In a proof-of-stake system, validators must lock up capital to make the cost of an attack prohibitively expensive. Today, Ethereum has over a million validators with a total staked value nearing $100 billion. "You can't achieve this overnight," he added. In contrast, newer blockchains may create faster networks but often rely on a few institutional validators. "It looks more like a consortium model," Ryan explained. "You trust the companies, contracts, and legal recourse involved. It's a different type of security guarantee. It's not the same as maintaining a neutral global network involving hundreds of billions of dollars." His statement is backed by data. According to Etherealize's latest research, Ethereum secures over 70% of stablecoin value and 85% of tokenized real-world asset security. If security at scale is paramount, then Ethereum undoubtedly holds this advantage. The Ethereum network boasts over a million validators and over $120 billion in staked value, making it the most secure blockchain – a "scarce resource" for institutions managing counterparty risk. (getty) Privacy: Commitment and Mathematics Privacy is another crucial issue. No bank would expose customer transactions on a fully public ledger. Is this also why projects backed by major financial institutions like Canton are getting attention? Ryan's response was sharp. "Canton relies on a trust assumption – trusting counterparties to delete sensitive data. It's a sleight-of-hand privacy protection. Whereas through cryptography, privacy can be fundamentally addressed." He referred to zero-knowledge proofs (ZKPs), a cryptographic concept developed long before blockchain but now widely applied on Ethereum. ZKPs have become a cornerstone of rollups, a technology that can aggregate thousands of transactions and settle on Ethereum. The same technology is extending into privacy: enabling selective disclosure where regulators can verify compliance without publicly revealing all transaction details to the market. “You use math to solve privacy,” Ryan added—this statement feels like Ethereum's guiding principle on meeting institutional requirements. Institutional finance requires confidentiality. Ethereum's zero-knowledge tools aim to safeguard privacy through encryption technology rather than intermediary institutions. (getty) Modularity: Institutions Controlling Their Own Infrastructure I asked him about Ethereum's architecture. In comparison to Stripe and Circle now attempting to build streamlined blockchains from scratch, does Ethereum's architecture appear overly complex? Ryan argued that the seemingly complex architecture is actually an advantage. “Institutions like the L2 model,” he explained. “It allows them to customize infrastructure while inheriting Ethereum's security, neutrality, and liquidity. They can control their infrastructure while still accessing the global network effect.” He pointed out that Coinbase's Base network is a proof of concept. Base is built on top of Ethereum's L2 and generated nearly $100 million in revenue in its first year, demonstrating its economic viability and institutional scale. For Ryan, modularity is not a technical detail but a blueprint for how institutions can build their own blockchain infrastructure without losing the benefits of a shared network. Ethereum's scaling strategy combines rollups with data availability sampling—this approach aims to achieve over 100,000 TPS without sacrificing security. (getty) Neutrality and Throughput What about speed then? Solana and other competitors claim to process thousands of transactions per second. Isn't this more practical for global finance compared to Ethereum's relatively limited throughput? Ryan reframed this question. “When financial institutions consider blockchain, they don't just ask, 'How fast is it?' They also ask: Can this system execute correctly and stay online, and whom do I need to trust? On Ethereum, the answer is: Trust no one.” This is what he calls “trustful neutrality,” where the underlying protocol's rule guarantees do not favor insiders. Since 2015, Ethereum has never experienced a day of downtime—a track record that the financial system finds commendable. As for scalability, Ryan referenced the roadmap laid out by Ethereum co-founder and architect of the Ethereum Foundation, Vitalik Buterin. He emphasized that the key lies in the capacity coming from the aggregation of numerous L2s running on Ethereum, rather than a single chain. Today, this has already meant a throughput of tens of thousands of transactions per second for the entire system — with upcoming upgrades such as data availability sampling, Ryan said the total throughput is set to exceed 100,000 TPS in just a few years. "Scalability is right here — and without sacrificing trust," he said. As Wall Street's financial channels modernize, the real question is which blockchain can meet institutional demands for scale, security, and privacy. (SOPA Images/LightRocket via Getty Images) The Bigger Picture Ryan did not claim Ethereum to be perfect. His view is that only Ethereum has the comprehensive advantages that institutions truly care about, such as security, privacy, modularity, and neutrality. Companies like Stripe, Circle, and others may try their own blockchains. But Ryan insists that they will ultimately face a harsh reality: "Most companies will need to reconnect to Ethereum. Because security is not free — it is a scarce resource." For Wall Street, this may be a decision point: whether to build atop proprietary silos or tap into a neutral global network that has already proven a decade of resilience. Ethereum's underlying architecture may not be the fastest blockchain yet, but for Wall Street, it could be the safest choice — a rapidly expanding architecture that secures privacy through mathematics rather than promises that institutions could break.
The "turf war is over" between the Commodity Futures Trading Commission and the Securities and Exchange Commission, said CFTC Acting Chair Caroline Pham. "It's a new day and the turf war is over," Pham said during a joint roundtable on Monday hosted by the CFTC and SEC. The CFTC and the SEC have arguably engaged in a turf war over crypto market regulation for years. For digital assets, former CFTC Chair Rostin Behnam has said the majority of the market meets the definition of commodities under his agency's supervision, while former SEC Chair Gary Gensler said that most cryptocurrencies were actually securities. In Washington, D.C., lawmakers are working on a bill to regulate the crypto industry at large — called the Clarity Act, outlining market structure legislation — that could give the CFTC broader authority over digital assets. So, how the CFTC and its sister agency, the SEC, move forward could be significant. "There's no question that because we both oversee related parts of the financial markets, the regulatory lanes for our two agencies aren't always clear or intuitive," Pham said. "At times, this has led to unnecessary friction between the two agencies and avoidable headaches for the market participants who depend on us." Although there has been talk that the SEC and CFTC could be merged, SEC Chair Paul Atkins once again refuted it. "Let me be clear: our focus is on harmonization, not on a merger of the SEC and CFTC, which would be up to Congress and the President," Atkins said on Monday at the roundtable. "Fanciful talk of reorganizing the government risks distracting us from the monumental opportunity we have in front of us." The roundtable is continuing into Monday with panels including executives from Kalshi, Kraken, Polymarket, Robinhood Markets, Bank of America, and J.P. Morgan.
JPMorgan research analysts think two main scenarios could play out amid the Federal Reserve’s rate cuts. The first is a recessionary environment, which Fabio Bassi, head of cross-asset strategy at J.P. Morgan Securities, says could benefit U.S. Treasuries and gold at the expense of risky assets. “Not only does gold act as a natural hedge in a risk-off scenario, but it also benefits from the lower opportunity cost of holding the non-yielding asset as interest rates decrease. In contrast, riskier asset classes such as U.S. high-yield corporate bonds and the S&P 500 typically experience mainly negative returns during such periods.” The second possible scenario is a non-recessionary easing cycle, which Bassi also thinks could benefit gold, in addition to equities. “Gold could continue to provide diversification and see positive returns, but less so than in a recessionary environment.” JPMorgan research analysts note that in the latter stage of a non-recessionary easing cycle, when the Fed would begin rate cuts again after a pause, gold and US high-yield bonds would likely lead most asset classes in terms of positive returns. Most asset classes would be profitable in this scenario, they add. Bassi thinks the second option is more likely. “Looking ahead, the insurance rate cut and our baseline call for no recession lead us to anticipate a typical mid-cycle, non-recessionary easing scenario.” Generated Image: Midjourney
Event Review 📉 Recently, the ETH market experienced a dramatic fluctuation. At the opening, the ETH price was stable at around $4,000, but soon underwent a sharp decline. Data shows that within just 1 hour and 45 minutes, the price dropped from about $4,001 to $3,822, a decrease of approximately 4.47%. Another set of data indicates that within 111 minutes, the price quickly fell from $4,005 to $3,838 (a drop of about 4.16%). Subsequently, some buyers took advantage of the dip to accumulate, and by 02:15, the latest observed market price had risen to $3,887.01. Overall, the market was not only impacted by macro news but also saw intensified selling pressure due to technical chain liquidations. Timeline ⏱ 00:00: The market opened with ETH price hovering around $4,000. At this time, expectations of a Federal Reserve rate cut and news of US political uncertainty began to ferment, leading investors to adopt a more cautious sentiment. 00:00–01:45: The market faced strong selling pressure, with ETH price plunging from about $4,001 to $3,822, severely damaging key support levels. Large sell orders and frequent chain liquidations occurred, capital flowed out rapidly, and market panic intensified. 02:15: Latest data showed ETH price rebounded to about $3,887.01, indicating that some funds started accumulating at lower levels, but the overall market remained volatile and highly turbulent. Reason Analysis 🔍 This sharp fluctuation in ETH was mainly caused by two major factors: Macroeconomic and Policy Uncertainty Recently, expectations of a Federal Reserve rate cut, the failure of a temporary spending bill to pass smoothly, and ongoing policy disputes have raised concerns about liquidity and risk outlook in the market. Risk appetite has declined, and investors have shifted to more stable asset allocations, resulting in selling pressure in the crypto asset market. Technical Chain Liquidation Effect On the technical side, after ETH price broke below the key support level (around $4,000), a large number of long positions were liquidated and forced to close. Data shows that within the past hour, the total amount of liquidated contracts across the network reached $40 million, with long positions accounting for as much as 87%. This chain liquidation effect intensified market panic and pushed prices further down. Technical Analysis 📊 Based on Binance USDT perpetual contract ETH/USDT 45-minute candlestick data, we can observe: Bollinger Bands Analysis: The price is close to the lower Bollinger Band. Although there was a brief rebound, if it continues to move along the lower band, it indicates a weak market, and short-term buying requires more confirmation signals. KDJ and RSI Indicators: The J value in the KDJ indicator shows obvious oversold signals, and RSI has also entered the oversold zone, suggesting a short-term rebound may be triggered after some selling, but this requires macro risks to ease before it can take effect. Moving Average System: The price is currently below the MA5, MA10, MA20, MA50, as well as EMA5, EMA10, EMA20, EMA50, and EMA120 moving averages. All moving averages are arranged in a bearish pattern, indicating that the overall short- to medium-term downtrend continues. At the same time, EMA24 and EMA52 also show a steep downward slope. Volume Observation: Trading volume has increased significantly compared to the recent 10-day average (up about 68.24%), accompanied by large sell orders and a net outflow of $100 million from major players, indicating unusually active market activity and significant capital outflow pressure. Market Outlook 🚀 Although some funds have been observed accumulating at lower levels and the price rebounded to $3,887 at 02:15, overall market sentiment remains sluggish and risk appetite is still lacking. The future trend may depend on the following aspects: Macroeconomic Policy Changes: If the Federal Reserve or other key economic data turn positive, it may improve market liquidity, ease panic, and provide price support; conversely, continued uncertainty will keep ETH under pressure. Technical Support Significance: Changes in technical indicators such as RSI, Bollinger Bands, and moving average systems will be key reversal signals in the short term. Investors should watch for the formation of buy signals and clear signs of a bottoming out and stabilization. Risk Control: Amid current sharp volatility, it is recommended to remain cautious, manage positions reasonably, and closely monitor market liquidation data and large transaction dynamics to ensure capital defense and risk allocation. In summary, this sharp fluctuation in ETH reflects the impact of global macroeconomic uncertainty on market sentiment and exposes the accelerated decline caused by technical chain liquidations. Whether the market can rebound in the future will depend on positive macro news and stabilization signals from technical indicators. Meanwhile, investors should remain cautious and closely monitor market trends to accurately seize opportunities amid volatility.
Nine major European lenders, including ING, UniCredit, CaixaBank, KBC, Danske Bank, DekaBank, Banca Sella, SEB, and Raiffeisen Bank International, have announced a consortium to issue a euro-denominated stablecoin. The initiative will operate under the EU’s Markets in Crypto-Assets Regulation (MiCAR). Banks Form Dutch Consortium for Euro Stablecoin The group has formed a Dutch-based company that will apply for an e-money license supervised by the Dutch Central Bank. The stablecoin is expected to be issued in the second half of 2026. Subject to regulatory approval, a CEO will be appointed. The token is designed to provide instant, low-cost transactions, 24/7 cross-border payments, programmable settlement, and applications in digital assets and supply chain management. Banks may also offer wallets and custody services. Strategic Context, Market Share, and Expert Views The consortium seeks to create a European alternative to US dollar stablecoins, which dominate over 99% of the global market. The European Central Bank has warned that MiCA may be too lenient, while the European Commission is preparing to loosen rules, raising tension with regulators. EU officials have also warned that unchecked US tokens could undermine euro stability. Competition is rising. Société Générale’s Forge has already launched a euro stablecoin on Stellar and recently listed its dollar-pegged USDCV on Bullish Europe. Source: CoinGecko According to CoinGecko data, the euro stablecoin market remains fragmented: EURC controls 47%, STASIS EURO 26%, and CoinVertible 9%. The combined capitalization is still below €350 million, highlighting its small scale relative to dollar-based tokens. “MiCA is promising, but the framework remains incomplete, especially on cross-border issuance,” an expert told BeInCrypto in February. Another BeInCrypto analysis found that despite new projects, euro-denominated stablecoins remain marginal. In an ECB blog, senior adviser Jürgen Schaaf wrote that “European monetary sovereignty and financial stability could erode” without a strategic response. He added that the disruption also offers “an opportunity for the euro to emerge stronger.” ECB President Christine Lagarde has called for stricter oversight of non-EU issuers, tying the debate to Europe’s digital euro push as the US advances its GENIUS Act legislation. “Digital payments are key for euro-denominated financial infrastructure,” ING’s Floris Lugt said, emphasizing the need for industry-wide standards.
SEC and CFTC will meet with crypto firms to discuss clear digital asset oversight. Lawmakers weigh the CLARITY Act as regulators push for unified crypto rules. Market leaders like Kraken and Nasdaq will join the regulators in these discussions. The Securities and Exchange Commission (SEC) announced it will host a joint roundtable with the Commodity Futures Trading Commission (CFTC) on Monday. The event aims to coordinate the regulation of digital assets while Congress considers the CLARITY Act. According to the SEC’s notice, representatives from Kraken, Crypto.com, Kalshi, and Polymarket will join panels on regulatory harmonization. The session will run at a time when lawmakers and market players are urging clear, workable rules. The discussions come amid significant leadership gaps at the CFTC. This year, all commissioners except Acting Chair Caroline Pham have resigned or departed. To ensure guidance during the event, former CFTC Chair J. Christopher Giancarlo and former commissioner Jill Sommers will moderate panel discussions. Their presence adds experienced voices to a meeting expected to shape future coordination between the two agencies. The panelists include Jeff Sprecher, CEO of Intercontinental Exchange, Terry Duffy, CEO of CME Group, and Adena Friedman, CEO of Nasdaq. Their participation reflects the blend of traditional finance and crypto platforms now at the centre of the regulatory debate. Market Pressure and Legislative Debate The roundtable builds on a September 2 joint statement from the agencies. That statement clarified that registered exchanges can facilitate trading of certain spot commodity products. The clarification signalled momentum toward regulatory clarity for markets bridging traditional and digital assets. Industry executives have consistently called for unified rules. Kraken, Crypto.com, and other firms at the table represent exchanges handling billions in daily trading volumes. Prediction markets, Kalshi, and Polymarket add another dimension, as their products often sit in grey areas between securities and derivatives regulation. At the same time, Congress continues to debate the CLARITY Act. The U.S. House of Representatives passed its version in July, but the Senate has yet to vote. The legislation would establish distinct roles for the SEC and CFTC over digital assets. The timing of Monday’s meeting, just days before further Senate deliberations, increases its significance. The urgency raises one pivotal question: can two rival regulators build a coherent framework quickly enough to keep innovation onshore? Related: SEC Chair Proposes Plan to Ease Crypto Regulations by December Policy Shifts Under New Leadership Recent regulatory moves show a shift in posture under the Trump administration. Since January, SEC Chair Paul Atkins and CFTC Acting Chair Caroline Pham have taken steps that benefit the cryptocurrency industry. Both described the joint roundtable as a “long-awaited journey” to strengthen market clarity and competitiveness. At the SEC, long-standing enforcement actions have been dropped. Investigations into firms like Coinbase, Ripple Labs, and Kraken—some of which had dragged for years—have been closed. In addition, the SEC approved generic listing standards for exchange-traded funds, allowing faster approvals for cryptocurrency ETFs. The CFTC has taken similar steps. Despite the departure of four of five commissioners this year, the agency appointed crypto company executives to its Global Markets Advisory Committee in September. It has also explored allowing stablecoins and tokenized assets as collateral in derivatives markets. These moves suggest openness to integrating crypto within regulated financial structures. The SEC and CFTC also issued a joint staff opinion in early September. It stated that existing law does not prevent SEC- or CFTC-registered platforms from facilitating certain spot crypto transactions. This opinion indicated readiness to bring more crypto activity into U.S. regulatory markets. Still, aligning two distinct legal frameworks remains difficult. Securities law governs investor protections, while commodities law regulates derivatives. Balancing rulemaking authority, enforcement powers, and appeals will require precision. Any final architecture must withstand litigation, political shifts, and rapid technological change. The post SEC and CFTC Roundtable Seeks Clear Crypto Oversight Rules appeared first on Cryptotale.
The following is a guest post and opinion from Jill Ford, Founder of Bitford Digital. The DOJ’s seizure of roughly $1 million tied to BlackSuit ransomware is more than just a win against cybercrime. It’s a sign that crypto is maturing under regulatory scrutiny. Contrary to the myth of anonymity, most on-chain activity leaves a traceable ledger, and investigators are getting better at following it. This new reality reshapes the conversation around digital assets. Instead of debating whether crypto is inherently good or bad, the question becomes: how do we build legitimate systems, particularly at the mining level, that reinforce transparency, compliance, and trust? Crypto’s Dual Reality: A Challenge and an Opportunity The DOJ’s $1 million seizure from BlackSuit reminds us of crypto’s paradox. Digital assets can fuel crime, but they can also empower regulators to crack down on it. The blockchain is both the battleground and the evidence log. For miners, this paradox should be seen not as a threat but as an opportunity. By rooting platforms in verifiable transparency, mining companies can help tilt the balance in crypto’s favor. They can become the first line of defense in ensuring that digital assets are seen as transparent, enforceable, and ultimately trustworthy. Mining is the lifeblood of most blockchain ecosystems. Without miners, there is no security, no transaction verification, no network integrity. Yet the mining industry often flies under the radar in conversations about regulation, overshadowed by the headlines around exchanges, wallets, and token volatility. But mining is where legitimacy begins, and recent regulatory moves underscore this point. In March 2025, the SEC’s Division of Corporation Finance confirmed that Proof-of-Work mining does not constitute a security under U.S. law, recognizing miners as network operators rather than speculative investors. This official recognition frames mining as a legitimate, compliant activity at the heart of blockchain’s credibility. Transparent, compliant mining operations serve as the foundation for everything built on top of them. If the mining process is opaque, susceptible to manipulation, or tied to questionable practices, the entire ecosystem suffers from a credibility deficit. Conversely, if mining platforms are rooted in auditable operations, they provide the trust necessary for digital assets to be embraced by regulators, institutions, and the mainstream public. And if criminals are exploiting weak links in the crypto infrastructure, it is incumbent on the mining community to ensure that their operations are not among those weak links. Building Mining Platforms for Trust Legitimacy in mining starts with transparency and regulatory alignment. Whether it’s about energy sources, infrastructure, or cost, platforms that are open about their operations signal credibility and build trust with both regulators and partners. Just as important, miners that proactively engage with regulators rather than resist oversight are setting themselves up for long-term sustainability. In an environment where skepticism runs high, compliance becomes a key differentiator. The risks of opacity are also clear. A July 2025 analysis on cloud-mining schemes highlighted that a lack of transparency around ownership, registration, and KYC/AML compliance remains the biggest red flag for fraud. In contrast, mining platforms that openly share their practices not only protect investors and regulators from abuse but also elevate the reputation of the entire ecosystem. Equally critical are sustainability and security. Energy consumption remains one of the most contentious issues in crypto, and mining platforms that demonstrate renewable practices or efficiency gains will be far better positioned to weather scrutiny and attract institutional investment. At the same time, miners must safeguard their networks against abuse. Investing in monitoring systems and security safeguards is no longer optional; it is essential to ensuring that mining supports, rather than undermines, the compliance readiness of the broader digital asset ecosystem. What Good Looks Like Here’s what mining legitimacy, operationalized, should look like: Transparency: Publish energy mix, facility locations (region-level), pool affiliations, and real-time hashrate; audit with a third party annually. Compliance: KYC/AML on hosting clients; beneficial-ownership attestations; sanctions screening; clear policies on transaction filtering vs. neutrality (and why). Security: Continuous monitoring, incident-response runbooks, wallet hygiene for treasury, and segregation of duties. Sustainability: Disclose energy sources, efficiency metrics (J/TH), curtailment participation, and third-party verification. Put simply, regulatory clarity combined with transparent, secure practices positions mining as one of the first lines of defense in crypto’s legitimacy. When miners demonstrate compliance and responsibility, they don’t just protect their operations—they also help set the standard for the entire digital asset sector. By embracing these principles, miners do more than protect their own operations. They contribute to the overall health of the ecosystem, ensuring that headlines about ransomware seizures are balanced by stories of responsible innovation and growth. The evolution of digital assets will continue to be shaped by this dual role of crime on one side, regulation on the other. But miners have the chance to set the tone for what comes next. The DOJ’s takedown of BlackSuit should be a wake-up call: radical transparency is not optional—it is existential. If the mining sector leans into transparency, compliance, and sustainable practices, it will not only safeguard itself against regulatory backlash but also help unlock the full potential of digital assets. Crypto’s future won’t be written by criminals or regulators. It will be built by miners who measure, publish, and prove their integrity. The post Mining can be crypto’s first line of defense—if it embraces radical transparency appeared first on CryptoSlate.
The following article is a guest post and opinion of Mike Romanenko, CVO & Co-founder of Kyrrex. H2 2025 is crypto’s credibility check. With MiCA now shaping how exchanges operate across the EU, the advantage shifts from growth at any cost to licensed, auditable, and bank-connected rails. The winners will make compliance invisible, settlement programmable, and trust measurable. According to Mike Romanenko, CVO & Co-Founder at Kyrrex, we are moving from a market that was often speculative and nascent to a mature, regulated financial ecosystem. The focus is shifting from pure innovation to reliable infrastructure, regulatory compliance, and building institutional trust. Get licensed, prove reserves, publish audits As MiCA takes hold, the market is rapidly consolidating. Where over 500 active exchanges existed globally in 2022, the future belongs to licensed entities. Securing a license as a Crypto-Asset Service Provider (CASP) under the Markets in Crypto-Assets (MiCA) framework or an equivalent, such as Malta’s Class 4 Virtual Financial Assets (VFA), is no longer a differentiator but a baseline for survival. This transition is not just about avoiding fines; it’s about building the bottom-layer trust required by institutional capital. To reinforce this trust, platforms must commit to a regular cadence of publishing proof-of-reserves and submitting to independent, third-party audits. In a market evolving from opacity to transparency, auditable proof of solvency and security is emerging as crypto’s most reliable layer. Automate compliance at the exchange layer With licensing as the foundation, the next priority is baking compliance directly into platform infrastructure. This means moving beyond manual checks to a fully orchestrated system for Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. By integrating reporting APIs and utilizing real-time transaction monitoring, MiCA-compliant exchanges can offer frictionless onboarding for users and token projects alike. Exchanges licensed under Malta’s Class 4 VFA framework, such as Kyrrex, are no longer limited to executing trades. They increasingly operate as part of the regulatory trust infrastructure, where compliance functions as an integrated element of the system. For token projects and users, this means frictionless onboarding, streamlined KYC, and automated AML—all in one place. As MiCA enforcement gathers strength throughout the EU, licensed platforms aren’t just keeping pace—they’re taking the lead. In a market quickly evolving from opacity to transparency, the regulated exchange is emerging as crypto’s strongest and most reliable layer. Although this exchange-based model is a haven for token projects and traders, it is most powerful when this regulated framework is hooked up to the broader financial world. The emergence of robust, enterprise-grade payment systems shows how this is already happening. Plug into bank-grade payment rails The most powerful model connects this regulated framework to the broader financial world. Enterprise B2B payment rails are quietly reaching a tipping point. A recent Regulated Settlement Network (RSN) pilot—led by financial giants like Citi, J.P. Morgan, and Visa—proved that tokenized cash and securities can settle 24/7 on a unified ledger, all within regulatory bounds. For exchanges, access to networks like the RSN means programmable, 24/7 liquidity and minimized counterparty risk. One prominent example is J.P. Morgan’s Kinexys Digital Payments platform, which already handles over $2 billion daily by allowing business clients to execute cross-border payments through smart contracts. These systems demonstrate that the foundation is set for crypto to shed its experimental reputation and become a fully integrated part of mainstream finance. The stakes are real. For corporates, this means receivables settling in minutes, not days, across asset classes and jurisdictions—freeing up capital and minimizing currency risk. For exchanges, access to networks like RSN means programmable liquidity: tokenized treasuries can be reusable collateral, margin execution is automated, and counterparty risk is minimized to code. These powerful B2B solutions are not isolated tests. They are tangible proof of a paradigm shift happening across the market. They show that the foundation is set, and crypto is shedding its test-like atmosphere to become a part of mainstream finance in its entirety. Operationalize tokenized treasuries & liquidity The final step is to leverage this new infrastructure to unlock capital efficiency. With bank-grade rails, programmability is no longer an abstract idea. Tokenized treasuries can be used as reusable, real-time collateral, making margin execution fully automated and radically reducing risk. For corporates and institutional players, this allows for sophisticated treasury management strategies, such as automated sweeps that move assets to generate yield without sacrificing liquidity. This operationalizes the core promise of digital assets: creating a more efficient, responsive, and secure financial ecosystem where capital is always productive. Those that proactively align with evolving standards are becoming anchors of trust in the new crypto economy. With MiCA-approved custody (crypto assets held securely under EU regulation), real-time settlement (instant transaction completion), and on-demand transparency (regulators and users can access data anytime), regulated platforms no longer compete on volume—they’re competing on credibility. While institutional market participants seek compliant gateways, it’s the exchanges that can offer regulatory clarity and programmable finance capabilities that will determine the next cycle. This new age is founded on the reputation gained through auditability, security, and seamless integration with fiat and tokenized rails. Gaining trust through infrastructure and regulation At this point in 2025, the reset isn’t about chasing headlines—it’s about building the architecture that earns long-term trust. The second half of the year is where infrastructure and regulation converge, and the real players lean in. Exchanges that utilize banking APIs (interfaces that allow direct interaction with banks), company registries (official databases of registered businesses), and programmable rails (automated systems for moving money or assets) aren’t just modern; they’re removing friction at scale. MiCA compliance has become a baseline, not a differentiator. And trust is no longer vague—it’s measured in on-chain reserves, auditable flows, and automated AML. The call to action is clear: Exchanges: Secure licensing, publish audits, and embed reporting APIs. Projects: Choose CASP-licensed venues with native AML and custody solutions. Investors: Back teams that ship compliance telemetry—not just slogans. By the time the next cycle comes around, trust won’t be something you build; it’ll be something you already have. The post Mid-year reset: what crypto should prioritize in H2 2025 appeared first on CryptoSlate.
EU ministers agreed on a framework for digital euro holding limits, but no fixed caps yet. ECB will lead assessments on digital euro caps with national banks and Eurogroup input. Holding limits aim to safeguard banks, ensure stability, and strengthen EU monetary control. European Union finance ministers have agreed on procedures to set holding limits for the digital euro, marking a key step toward the eventual launch of a central bank digital currency (CBDC). The agreement, reached during a Eurogroup meeting in Copenhagen, establishes a governance process for setting caps but does not define exact numerical limits. Agreement on Holding Limit Procedures At the press conference following the Economic and Financial Affairs Council meeting, ministers confirmed they had endorsed a framework to determine the ceiling for individual holdings of the digital euro. The decision focuses on methodology and oversight rather than setting fixed caps immediately. The ministers agreed on a process that incorporates the European Central Bank (ECB) ‘s evaluation, consultation with the country central banks, and Eurogroup recommendations. Member states will then be under an obligation to adopt operational and legal measures to enforce the agreed caps. This systematic strategy seeks to achieve a balance between financial stability and the planned implementation of the digital euro. Role of the European Central Bank The ECB will become the first to assess the possible effects of holding limits based on data-driven analysis to determine the risks to the financial system. The national central banks will provide input through consultations, and the local market conditions will be taken into consideration. The Eurogroup will then refine the methodology before issuing recommendations. According to the ECB’s 2024 progress report, holding limits have been the primary focus of the CBDC debate. The report also pointed out disagreements between the ECB and the national authorities, especially on how to curb bank deposit risks without compromising the effectiveness of monetary policy. This agreement offers a guideline to such decisions without concluding on the quantities that individuals can hold. Purpose of Holding Limits The ministers suggested a holding limit, which would help safeguard commercial banks and prevent large-scale deposit transfers into the CBDC. These actions aim to protect the banking sector’s credit-provisioning capacity and financial system stability. Furthermore, policymakers stressed that limits would help ensure smooth monetary transmission. Without restrictions, rapid migration from traditional deposits to digital euro holdings could disrupt the financial sector’s balance. This governance framework provides flexibility while protecting stability during the early stages of implementation. Related: 21Shares Launches AFET and ARAY Crypto ETPs in Europe Broader Context and Global Implications The shift is amid increased global interest in central bank digital currencies. The proposals in the United Kingdom to place strict limits on stablecoin holdings have drawn criticism from industry bodies, which highlights regulators’ struggle to balance innovation and stability. The EU also exhibits a conservative approach, emphasizing governance prior to adopting final figures. Meanwhile, the ECB officials have been advocating the digital euro as a strategic measure to eliminate the increasing influence of dollar-based stablecoins. In July, ECB adviser Jürgen Schaaf suggested that deploying the digital euro would strengthen Europe’s monetary sovereignty. Former ECB board member Fabio Panetta also argued that the currency could mitigate risks associated with cryptocurrency adoption. Next Steps in the Digital Euro Project The European Parliament and the European Council must still pass legislation to authorize the digital euro. The European Council has signaled its aim to finalize the legal framework before the end of the year. Once legislation is in place, the ECB estimates that the full rollout across all 27 member states could take between two and a half and three years. The project’s design also includes commitments to privacy and offline functionality. ECB board member Piero Cipollone stated that the system would allow Europeans to make payments even during major disruptions and would preserve the anonymity of transactions, similar to cash. The post EU Sets Governance Path for Digital Euro Holding Restrictions appeared first on Cryptotale.
On September 19, the Bank of Japan announced, by a vote of 7 to 2, to keep the benchmark interest rate unchanged at 0.5%, marking the fifth consecutive meeting with no change, in line with market expectations. In addition, the bank also decided to begin selling its holdings of ETFs. Bank of Japan Policy Board members Hajime Takata and Naoki Tamura proposed raising the short-term interest rate target from 0.50% to 0.75%. Both believe that as the risk of rising prices tilts more to the upside, the central bank should move the policy rate slightly closer to the neutral rate. Full Policy Statement At today's monetary policy meeting, the Bank of Japan Policy Board decided by a majority vote of 7 to 2 to adopt the following guidelines for money market operations until the next meeting: The Bank of Japan will guide the uncollateralized overnight call rate to remain around 0.5%. Regarding the Bank of Japan's holdings of Exchange-Traded Funds (ETFs) and Japanese Real Estate Investment Trusts (J-REITs), the committee unanimously decided to sell these assets to the market in accordance with its basic principles for disposal, which include avoiding destabilizing effects on financial markets. The scale of sales will, in principle, be roughly equivalent to the scale of "stock purchases from financial institutions". The Japanese economy is recovering moderately overall, but some sectors remain somewhat weak. Overseas economies are also growing moderately overall, but some areas are showing weakness due to the impact of trade and other policies in various economies. Exports and industrial production have remained generally stable, but due to the U.S. imposing tariffs, there was a surge in shipments ahead of time followed by a subsequent decline in reaction. Corporate profits remain generally high, but the manufacturing sector has been negatively affected by tariffs. Corporate capital investment continues to rise moderately. Supported by improvements in employment and income conditions, private consumption has remained resilient, despite factors such as rising prices dampening consumer confidence. Residential investment is relatively weak, and public investment is generally flat. The financial environment remains accommodative. In terms of prices, as wage increases continue to be passed on to sales prices, and with the impact of rising prices for foods such as rice, the year-on-year increase in the Consumer Price Index (CPI, excluding fresh food) has recently remained in the 2.5% to 3.0% range. Inflation expectations are rising moderately. Looking ahead, Japan's economic growth may slow due to the deceleration of overseas economies caused by trade and other policies in various economies, as well as factors such as declining corporate profits dragging down the domestic economy. However, accommodative financial conditions and other factors are expected to provide support. Subsequently, as overseas economies return to a moderate growth trajectory, Japan's economic growth may also recover. Regarding the CPI (excluding fresh food), the impact of recent food price increases (such as rice prices) is expected to gradually fade, but due to the drag from economic slowdown, core CPI inflation may remain sluggish. However, as economic growth picks up, labor shortages are expected to intensify, and medium- to long-term inflation expectations will also rise, leading to a gradual increase in core CPI inflation. In the latter half of the forecast period for the July 2025 "Outlook for Economic Activity and Prices," the level of core CPI inflation is expected to roughly meet the price stability target. The outlook faces multiple risks, especially the direction of trade and other policies in various economies, as well as the highly uncertain responses of overseas economic activity and prices. Therefore, it is necessary to closely monitor the impact of these developments on financial and foreign exchange markets, as well as on Japan's economic activity and prices.
Key Notes A 12-foot golden Trump holding Bitcoin statue was unveiled near the US Capitol. Crypto PACs and industry leaders continue to back Trump’s pro-crypto agenda. Organizers linked the piece to Trump’s role in mainstreaming Bitcoin adoption. A massive 12-foot golden statue of United States President Donald Trump holding a Bitcoin was unveiled on Sept. 17 just outside the US Capitol, drawing crowds, social media buzz, and political debate. The installation was funded and organized by a group of crypto enthusiasts and memecoiners, carried out as part of a Pump.fun livestream stunt aimed at honoring the president’s pro-crypto outlook. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 A Symbolic Tribute on the National Mall The statue was positioned near Union Square on the National Mall, facing Capitol Hill and roughly a mile from the White House. A website tied to the stunt described the piece as a tribute to Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Hichem Zaghdoudi, one of the organizers, told local reporters the statue was “designed to ignite conversation about the future of government-issued currency and is a symbol of the intersection between modern politics and financial innovation.” Images posted online show the giant golden Trump, crafted from lightweight, hardened foam, being carried into place by several people. Organizers said they hoped Trump himself might see it, though the president was in the UK at the time. Trump’s visit to the UK included high-profile meetings on tariffs, AI, and trade. Crypto leaders are lobbying for him to push Britain toward clearer digital asset rules, arguing that the country risks falling behind the EU, Singapore, and Dubai. Related article: Bitcoin Holds $115K Support as Fed Cuts Rates by 25 Basis Points According to a Bloomberg report , industry giants from Coinbase to Ripple are pressing UK officials to speed up regulatory frameworks, while Trump positions the US as a leader in digital asset adoption US: The World’s Crypto Capital? Trump’s presidency has been closely tied to cryptocurrency. His campaign received massive financial backing from the crypto industry, and his family has deepened its own exposure through World Liberty Financial Inc. Notably, World Liberty Financial partnered with the Digital Freedom Fund PAC, spearheaded by the well-known Winklevoss twins. Their goal is to cement the US as the world’s cryptocurrency capital. 🤝 look forward to working with @worldlibertyfi on the @FreedomFundPAC to help realize President Trump’s vision of making America the crypto capital of the world. 🇺🇸🚀 — Tyler Winklevoss (@tyler) September 17, 2025 While critics raise concerns over conflicts of interest with Trump rolling back regulatory oversight of the sector, crypto fans couldn’t be happier as investors wait for the next crypto to explode under the Trump administration.
Key Takeaways Bitdeer has introduced the SEALMINER A3 series, next-generation Bitcoin miners. The series features four models: A3 Pro Air, A3 Pro Hydro, A3 Air, and A3 Hydro. Share this article Bitdeer launched its next-generation Bitcoin miners today with the SEALMINER A3 series, featuring four models designed for improved power efficiency. The new lineup includes the A3 Pro Air, A3 Pro Hydro, A3 Air and A3 Hydro models. The A3 Pro Air and A3 Pro Hydro models deliver power efficiency of 12.5 J/TH, while the A3 Hydro operates at 13.5 J/TH and the A3 Air at 14.0 J/TH. The series offers both air-cooled and liquid-cooled options across the different performance tiers for Bitcoin mining operations. Share this article
In a stunt fit for the vibe, memecoin enthusiasts plopped a towering 12-foot golden statue of none other than President Donald Trump clutching a Bitcoin , right across from the hallowed halls of the US Capitol. This bizarre tribute to the president’s crypto affinity was broadcast live on Pump.fun, because where else do you premiere a statue these days? Pushing Bitcoin forward Nestled on the National Mall near Union Square, roughly a stone’s throw from the White House, the gleaming Trump statue is a loud, brash salute to what the organizers call Trump’s unwavering commitment to pushing Bitcoin and decentralized finance forward. X Yes, love him or loathe him, Trump’s name is now forever linked to a giant bitcoin-bearing foam effigy dancing in the shadows of American democracy. The timing couldn’t be spikier. The Federal Reserve just slashed interest rates by 25 basis points, a move almost always cheered by traders and crypto fanatics alike. Lower borrowing costs often give risky assets like Bitcoin a bullish boost, and the statue’s message rides that wave. Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀 Crypto president? Trump’s fondness for crypto isn’t new. He famously supported it during his presidential runs, with the industry backing his campaigns heavily. His family’s crypto ties deepened during his White House years, sparking eyebrows over conflicts of interest as he peeled back regulatory fences around the sector. “This statue isn’t just about art or meme-making,” says Hichem Zaghdoudi, one of the anonymous masterminds behind the sculpture. “It sparks a bigger conversation about the future of money and how politics is entangled with financial innovation.” He wants everyone to know, without Trump, the mass adoption of Bitcoin and the flood of institutional buyers might never have happened. It’s their thank-you note in foam and gold paint. Symbol of an era The statue itself? Lightweight foam, carved with precision by a team captured live on social media, then carried into place with all the ceremony of a rock band’s stage setup. Despite hopes it might catch Trump’s eye, the former president’s currently touring the UK, presumably blissfully unaware of his new golden double. But whether you see it as a hilarious meme or a serious political statement, it’s undeniably a symbol of this era’s financial theater, complete with colossal props, livestreams, and the unshakable belief that Bitcoin is here to stay. Written by András Mészáros Cryptocurrency and Web3 expert, founder of Kriptoworld LinkedIn | X (Twitter) | More articles With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
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