The chief investment officer of the crypto asset manager Bitwise says he believes one decentralized finance (DeFi) project on the Ethereum ( ETH ) blockchain is currently undervalued. Matt Hougan says the market cap of Uniswap ( UNI ), which is approximately $6 billion, currently “feels too small.” “[Uniswap] would be the 400th largest financial services business in the world – roughly the same size as Storebrand, a savings and insurance business in Norway.” According to Hougan, regulatory uncertainty could be driving Uniswap’s current undervaluation, but that could change amid the U.S. Securities and Exchange Commission’s (SEC) recent initiatives to provide regulatory clarity for crypto assets. Per a Grayscale Research report released in late June, Uniswap is among the top-10 decentralized exchanges. Over six months ending on May 31st, Uniswap ranked third in terms of volumes. Uniswap generated $487 million in fees behind Solana-based decentralized exchanges Raydium, Meteora and Jupiter over that period. UNI is trading at $9.89 at time of writing, up by 36% over the past month and down by around 78% from the all-time high reached in May of 2021. Turning to Ethereum, Hougan notes that spot exchange-traded funds (ETF) of the second-largest crypto asset by market cap recorded $5.4 billion in net inflows in July, the highest monthly net inflows ever. “When you consider Ethereum is 20% the size of Bitcoin, the scale of those flows really hits home. Imagine if Bitcoin ETFs did $27 billion in a month…” According to crypto ETFs tracker SoSoValue, the highest net inflows figure for spot Bitcoin ETFs was the $6.49 billion reached in November of 2024. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Philipp Tur/Vladimir Sazonov The post One DeFi Crypto Project Should Be Much Bigger in Valuation, According to Bitwise CIO Matt Hougan appeared first on The Daily Hodl .
Bitcoin’s instability continued in the past 24 hours as the asset dipped below $113,000 after getting rejected at $116,000. The altcoins are back in the red, with substantial price declines from the likes of XRP, SOL, HYPE, XLM, LTC, TON, and others. BTC’s Insecurity Continues The primary cryptocurrency’s troubles began last Wednesday when the US Federal Reserve refused to lower the key interest rates for the fifth consecutive time. BTC retraced by a few grand but bounced to $119,000 on Thursday. However, macro uncertainty, such as new tariffs and nuclear submarine movements, resulted in another, more painful nosedive. In just a few days, the cryptocurrency plunged by several grand and bottomed during the weekend at $112,000. The bulls finally stepped up at this point and started to push the asset north. The gradual ascent culminated yesterday when BTC briefly neared $116,000 but was stopped ahead of that resistance. In the following hours, bitcoin dropped to under $113,000 once again. It has recovered some ground and now trades around $114,000, with a market cap of just under $2.270 trillion. Its dominance over the altcoins stands close to 60% on CG. BTCUSD. Source: TradingView Alts in Retrace Mode Again Ethereum was also stopped ahead of a big resistance at $3,700 and now sits closer to $3,600. BNB, TRX, and BCH are with minor losses, while XRP, SOL, DOGE , HYPE, XLM, and TON have dropped by more substantial percentages of up to 4%. Pi Network’s native token has dropped by 4% as well, and sits close to its all-time low once again, which was recorded at the end of the previous business week. BONK and PENGU have dropped the most from the largest 100 alts, losing 6-7% each. Litecoin’s LTC is down by 5% after yesterday’s impressive surge . MNT continues to be among the few altcoins in the green, adding another 2-3% since yesterday’s pump. The cumulative market cap of all cryptocurrency assets has slipped by another $30 billion and is well below $3.8 trillion on CG now. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Pi Network’s Price Dumps Again as Bitcoin Returns to $114K: Market Watch appeared first on CryptoPotato .
SBI Holdings applies for two innovative cryptocurrency ETFs in Japan. The Crypto-Assets ETF offers streamlined access to XRP and Bitcoin. Continue Reading: Discover New Investment Opportunities with SBI Holdings’ Innovative Crypto ETFs The post Discover New Investment Opportunities with SBI Holdings’ Innovative Crypto ETFs appeared first on COINTURK NEWS .
The FED has been pausing the interest rate cuts it started in September 2024 since January 2025. Fed Chairman Jerome Powell and the majority of members are keeping interest rates steady, citing ongoing uncertainty from tariffs. As interest rate cut hopes continue to intensify in September, Bank of America CEO Brian Moynihan released his forecast. Speaking to CNBC, the BofA CEO talked about interest rate cuts and the economic situation in the US. The famous CEO stated that it is unlikely that the FED will cut interest rates this year. Moynihan stated that the decline in inflation was slower than expected and predicted that interest rate cuts would only begin next year. “Our economists predict that it will take longer for inflation to decline, and therefore I do not expect the US Federal Reserve to cut interest rates this year. At this point, it seems likely that the Fed will only begin cutting interest rates next year.” Finally, Moynihan added that he does not expect the US to enter a recession. FedWatch data shows a 90% chance the Fed will cut interest rates in September. Investors are pricing in an 87.5% chance that the Fed will cut interest rates by 25 basis points at the September FOMC meeting, according to CME FedWatch. *This is not investment advice. Continue Reading: Bank of America (BofA) CEO Reveals Fed Rate Cut Predictions
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CZ argued that a Delaware court has no authority over him in a case tied to 2021 crypto transfers from Sam Bankman-Fried.
SUI gains momentum after Swiss bank support and surging user growth fuel bullish price structure.
A bold forecast has stirred debate in crypto circles. Based on reports, a long-time investor known as Pumpius argues that XRP could one day trade at a whopping $1 million per coin! Related Reading: Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone That’s a huge jump from its current price near $2. The prediction rests on the idea that XRP will become the main bridge asset in a tokenized global economy worth up to $1 quadrillion. Tokenization Efforts Gain Ground According to Pumpius, Ripple is quietly moving real-world assets onto its blockchain. A government-backed real estate token pilot in Colombia is already under way. Reports have disclosed that Ripple has rolled out massive network upgrades. Then, there’s also a $100 million commitment to tokenizing carbon markets, and partnerships with regulated companies. XRP’s Role As Bridge Asset Based on data from Boston Consulting Group and Citi, $16 trillion in real-world assets could be tokenized by 2030. But Pumpius believes that figure could swell when you add $300 trillion in global real estate, $100 trillion in stocks, and over $100 trillion in bonds, plus currencies and commodities. Tokenize the World: Why 1 XRP Could Be Worth $1,000,000 Sounds insane, right? Now read that again. What if every asset you’ve ever known — stocks, homes, currencies, oil, bonds, even carbon — was tokenized onto one blockchain? And what if XRP became the bridge for it all? This… pic.twitter.com/h6BbIcKKhw — Pumpius (@pumpius) May 16, 2025 In his view, that push could create a token economy worth $1 quadrillion. He sees XRP, with its three to five second settlement times and built-in decentralized exchange, as the obvious choice to move value between those tokens. A Network Built For Speed And Scale Reports have disclosed that XRP Ledger already supports an automated market maker and native multi-asset transfers. Pumpius said these features are more suited for high-volume transfers than Bitcoin’s design. He notes that with a total supply of 100 billion XRP—and much of it locked or burned—scarcity could boost prices if demand surges. Big Hurdles Ahead Despite the promise, challenges remain. Regulatory clarity is still a work in progress in many countries. Competing blockchains are chasing tokenization too. Legacy financial firms may hesitate before shifting trillions of dollars on-chain. And even if XRP becomes a dominant bridge, it would only need to handle settlement flows—likely a small slice of total tokenized value. Related Reading: Against The Grain: Analyst Targets $300K Bitcoin Price—When Will It Happen? Market Skepticism Persists Yet Pumpius insists the math holds. If XRP captures a fraction of daily flows in a $1 quadrillion token economy, a million-dollar price per coin follows. History shows radical price targets aren’t always impossible. Reports have pointed to early Internet skeptics who missed the web’s true potential. Whether XRP will hit seven figures or breach $3 is anyone’s guess. Featured image from Meta, chart from TradingView
Regulators in the Philippines have issued a sharp warning to anyone trading digital assets without proper local approval. Based on reports from the Securities and Exchange Commission, 10 major crypto exchanges are operating in the country without the required registration under the new rules that took effect July 5, 2025. Investors who use these platforms face the risk of losing all their funds if something goes wrong, with no legal backup to turn to. SEC Lists Unregistered Exchanges According to the SEC, Bybit and OKX top the list of unlicensed operators , maintaining full access and active marketing here. Kraken, MEXC, KuCoin, Bitget, Phemex, CoinEx, Bitmart and Poloniex round out the group of 10. All of them offer buying, selling or derivatives trading even though they never filed for a local license under Memorandum Circulars No. 4 and No. 5, Series of 2025. Those circulars mandate crypto-asset service providers to register and comply with disclosure, security and anti-money-laundering standards. Local Access Fuels Worry Even with global compliance efforts surging, the SEC found that most of these platforms run promotional campaigns aimed squarely at Filipino users. Some have mobile apps tailored to local phones, others pay influencers to push discounted trading fees. Website blocking by Binance last month showed the SEC can force global operators to geo-block Philippine IP addresses. Now it plans similar measures against any exchange that stays unlicensed. Trading on unregistered exchanges exposes people to market manipulation and outright scams. Reports have disclosed that identity theft spikes on platforms lacking proper know-your-customer checks. Money Laundering And Reputational Damage Investors who store funds on these services have no recourse if hacks or fraud occur. The commission points out that unlicensed operators aren’t bound to keep user records safe or report suspicious transactions. Regulators also flag the risk of money laundering and terrorist financing. Under the Philippine Anti-Money Laundering Act, service providers must perform customer due diligence and report large or suspicious flows. Without local oversight, these exchanges become blind spots. The Financial Action Task Force regularly highlights such gaps, warning that countries allowing unregulated trading can end up on a gray list and suffer reputational hits abroad. Enforcement Actions Coming Philippine SEC officials have threatened to file criminal complaints under the Securities Regulation Code (SRC) and the Financial Cybercrime Prevention Act (FCPA) for any platform that continues without a license. They’ll seek court orders to block offending websites and apps. Google, Apple, Meta and TikTok may also be asked to pull ads and marketing content tied to these exchanges. Cease and Desist orders can arrive within days of a formal complaint. Featured image from Inquirer, chart from TradingView