Author: Kryptonews

BitMEX founder Arthur Hayes warns that an incoming wave of new stablecoin companies will try to follow Circle’s successful public offering, but are more likely doomed to fail. In a post on Monday, Hayes cautioned that while Circle’s IPO marks the beginning of “stablecoin mania,” most new public stablecoin companies will be overvalued and fail.“The listing marks the beginning, not the end of this cycle’s stablecoin mania,” he said, adding that the bubble will pop after the public launch of a stablecoin issuer “that separates fools from tens of billions of capital by using a combination of financial engineering, leverage, and…

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…

Bitcoin, the pioneering cryptocurrency, continues to fascinate and perplex investors and analysts alike. After a period of significant volatility and external pressures, the question on everyone’s mind is: what’s next for Bitcoin? We’ve gathered insights from various experts to explore its uncertain path.## Regulatory Landscape & Institutional AdoptionThe regulatory environment consistently casts a shadow over Bitcoin’s future. Increased scrutiny from global regulatory bodies like the SEC in the United States and similar organizations in Europe is becoming the new normal. How these regulations ultimately shape up will significantly impact Bitcoin’s trajectory. Will they foster innovation and growth, or will they…

Investors who added 10% in Bitcoin (BTC) to their “60/40 portfolio” strategies got a 90% risk-adjusted return in the past 12 months, outperforming gold’s 51% return in the same period.On a June 16 post via X, the profile Ecoinometrics highlighted BTC’s performance through June 13 and charted the result against total return. A 60/40 portfolio is a strategy in which investors allocate 60% of the portfolio’s assets to equities and 40% to fixed-income instruments.A pure equities index fund earned about 12% with a risk-adjusted ratio of 0.55. Adding bonds dropped the return to roughly 8% and left the risk metric…

JPMorgan Chase has filed a new trademark application in the US for “JPMD” — signaling a potential expansion of its blockchain and crypto services and amplifying speculation of a stablecoin offering.JPMorgan’s application to the US Patent and Trademark Office on Sunday outlines a wide range of crypto-related services, including digital asset trading, exchange, transfer, clearing and payment processing.The broad list of services could suggest that JPMorgan is exploring carrying out more of its financial services on blockchain rails, including a stablecoin offering.JPMorgan could have a stablecoin in the pipelineWhile the term “stablecoin” wasn’t mentioned, a May 22 report from The…

NFT project Jirasan is moving to reset its operations according to Founder and CEO Shan.In a post published on Twitter/X, Shan acknowledged the project’s growing pains and outlined a clearer, more focused roadmap after what he described as an “overly ambitious” attempt to scale with limited resources.The founder has committed to restructuring the team, reassessing leadership roles—including his own—and narrowing the project’s focus to deliver real revenue-backed growth. Source: JirasanWhat is Jirasan?Jirasan is a collection of 10,000 NFTs that serve as membership passes to the PG Group and the broader Redacted ecosystem.NFT holders receive various ecosystem benefits, most notably future…

Tron is publicly listing its shares in the US as a reverse merger with SRM Entertainment. Eric Trump will assume leadership in the new firm, Tron Inc., which is connected to Trump crypto initiatives. TRX jumped to more than 27 cents as investors responded to the listing and the intention to issue 210 million dollars worth of tokens in Tron Inc. Tron has also entered into a reverse merger with SRM Entertainment, listed on Nasdaq, to go public in the United States. The transfer is said to have been worth 210 million in token holdings and is only a few…

We’re here with our last hurrah before we head into 2021 – read on for the latest news on a few grantees! Gitcoin for CLR matching Gitcoin’s CLR grants were one of the first real-world uses of quadratic funding, with the number of unique contributors to a grant carrying greater weight than the dollar total in determining the match amount. CLR grants have come a very long way since the first round in early 2018! With 16 organizations and almost as many individuals pledging matching funds as of Round 8, it has grown into a truly community-driven support system for…

The green light finally given to Bitcoin ETFs by the Securities and Exchange Commission (SEC) marks a watershed moment for the cryptocurrency market, signaling a significant shift towards mainstream acceptance and integration with traditional finance. After years of anticipation and numerous rejected applications, these investment vehicles are poised to open the floodgates to a new wave of investors seeking exposure to Bitcoin without the complexities of direct ownership.## Democratizing Bitcoin InvestmentOne of the most compelling aspects of Bitcoin ETFs is their accessibility. They allow investors to gain exposure to Bitcoin through existing brokerage accounts, familiar investment platforms, and established regulatory…

Venture capital firm Paradigm has filed an amicus brief in support of Tornado Cash co-founder Roman Storm, arguing the jury needs to be properly briefed on the law’s definition of what operating a money-transmitting business involves.Jury needs the full context of the lawIn its amicus brief, filed in a New York District court on June 13, Paradigm argues that the court must ensure the jury understands that for Storm to be found guilty, the prosecution must prove he was knowingly operating a money-transmitting business.This includes charging fees, knowingly transmitting funds on behalf of the public, knowingly handling the specific proceeds…