BitcoinWorld Remixpoint Bitcoin Acquisition: Japanese Firm Boosts BTC Holdings Significantly In a move highlighting the continued interest from publicly traded companies in digital assets, Japanese electric services firm Remixpoint has announced another significant Bitcoin Acquisition . This latest purchase adds 50 BTC to their reserves, bringing their total holdings to approximately 925 BTC. This action underscores a growing trend of Corporate BTC Holdings among diverse businesses, even in regulated markets like Japan. Why are Japanese Companies Turning to Bitcoin? The decision by a Japanese Company Bitcoin strategy like Remixpoint’s isn’t happening in a vacuum. While the initial news from Bitcoin Magazine on X was brief, it points to a broader shift. Several factors could be influencing companies in Japan and globally to add Bitcoin to their balance sheets: Inflation Hedge: Bitcoin is often seen as a potential hedge against inflation and currency devaluation, especially in uncertain economic times. Store of Value: Like gold, Bitcoin is viewed by some as a digital store of value that can preserve capital over the long term. Potential Appreciation: Companies may see Bitcoin as an asset with significant growth potential, offering better returns than traditional low-yield investments. Diversification: Holding Bitcoin provides diversification away from traditional financial assets. Industry Trend: Following the lead of major players like MicroStrategy or Tesla can signal forward-thinking and adaptability to new financial paradigms. For Japan Bitcoin adoption within the corporate sector, regulatory clarity, while strict, might also play a role. Companies operating within well-defined legal frameworks might feel more comfortable holding volatile assets like Bitcoin compared to regions with ambiguous rules. Breaking Down the Remixpoint Bitcoin Strategy Remixpoint, primarily known for its energy and electric services, also operates in other sectors, including financial services through its subsidiary, BITPoint Japan, a licensed cryptocurrency exchange. This gives Remixpoint a unique perspective and potential synergy when it comes to digital assets. Their increasing Corporate BTC Holdings suggest a deliberate strategy, possibly linked to their involvement in the crypto space. Their recent Bitcoin Acquisition of 50 BTC builds upon their existing significant reserves. Holding 925 BTC places them among companies with substantial crypto treasuries. This isn’t a small speculative bet; it represents a meaningful allocation of company capital into the digital asset space. What Does This Mean for Corporate BTC Holdings Globally? Remixpoint’s move adds another data point to the global trend of companies exploring or actively accumulating Bitcoin. While the trend saw significant momentum in 2020-2021, acquisitions have continued, albeit perhaps at a slower pace or by different types of companies. A Japanese Company Bitcoin purchase of this size from a listed firm reinforces that the interest isn’t limited to tech giants or dedicated crypto firms. This continued adoption by entities like Remixpoint could signal: Increased institutional confidence in Bitcoin’s long-term viability. A growing acceptance of Bitcoin as a legitimate treasury reserve asset. Potential inspiration for other companies in Japan and Asia to consider similar strategies. While the benefits are clear – potential for high returns and asset diversification – challenges exist. The volatility of Bitcoin’s price is a primary concern, potentially impacting a company’s balance sheet and earnings reports. Regulatory changes and accounting standards for digital assets also present complexities. Actionable Insight: Observing Corporate Moves For investors, tracking Corporate BTC Holdings provides insight into institutional sentiment. When companies like Remixpoint make a substantial Bitcoin Acquisition , it can be interpreted as a bullish signal, indicating belief in Bitcoin’s future value proposition. It also highlights that demand for Bitcoin is coming from various sectors, not just retail investors. While a single purchase by a Japanese Company Bitcoin holder like Remixpoint might not drastically move the market, the cumulative effect of many companies adopting this strategy can contribute to increased demand and potentially influence price over time. It’s a trend worth monitoring for anyone interested in the institutionalization of Bitcoin. Conclusion: Remixpoint’s Growing Commitment to Bitcoin Remixpoint’s decision to acquire another 50 BTC, boosting their total to 925 BTC, is a clear statement of their commitment to holding the digital asset. This action aligns with the broader global trend of companies exploring and increasing their Corporate BTC Holdings . As a prominent Japanese Company Bitcoin holder, Remixpoint’s strategy reflects confidence in Bitcoin’s role as a potential store of value and growth asset. Their repeated Bitcoin Acquisition demonstrates a long-term view on the cryptocurrency, positioning them among firms integrating digital assets into their financial planning. This development is a notable event for the Japan Bitcoin landscape and the wider corporate adoption narrative. To learn more about the latest corporate Bitcoin adoption trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Remixpoint Bitcoin Acquisition: Japanese Firm Boosts BTC Holdings Significantly first appeared on BitcoinWorld and is written by Editorial Team
The XRP Ledger (XRPL) moved from theory to production-grade finance today as Ondo Finance switched on its tokenized US Treasury fund, Ondo Short-Term US Government Treasuries (OUSG), directly on the network. The launch lets Qualified Purchasers mint or redeem OUSG around the clock by settling with Ripple’s enterprise-grade stablecoin RLUSD, effectively marrying BlackRock-custodied Treasury bills to a 24/7 public chain and its native decentralized exchange. OUSG is no boutique proof-of-concept. The fund already commands more than $670 million in total value locked and sits alongside BlackRock’s own BUIDL and Franklin Templeton’s FOBXX at the top of the rapidly expanding tokenized-Treasury league table. Ondo’s broader real-world-asset (RWA) platform manages roughly $1.3 billion, but this is its first deployment on a non-EVM chain—an endorsement of XRPL’s purpose-built tokenization rails. How It Works On XRP Ledger Institutional investors create or redeem OUSG in a single transaction by delivering or receiving RLUSD , Ripple’s dollar-pegged stablecoin that settles natively on XRPL. Because RLUSD itself moves in finality within three to five seconds, OUSG subscriptions bypass legacy cutoff times and traditional bank wires. Ripple and Ondo have committed liquidity to market-make both legs—RLUSD USD off-chain and RLUSD OUSG on-chain—so investors can scale in or out without slipping on spreads. The entire flow remains permissioned at the edges and permissionless in the core. Qualified Purchasers authenticate through Ondo’s compliance portal (leveraging Decentralized Identifiers and verifiable credentials), receive an allow-list flag on-chain, and then interact with the built-in DEX like any other asset pair. Settlement remains atomic: OUSG units burn or mint the moment RLUSD transfers, eliminating the daylight-risk gap that plagues traditional T-plus settlement cycles. XRPL’s deterministic order book, low fees, and native token-issuance primitives spare issuers the need to bolt on smart-contract wrappers for basic custody logic. Forthcoming Multi-Purpose Tokens (MPTs) will allow OUSG to embed cash-flow rights and compliance fences at the protocol level, while the planned lending protocol will let desks rehypothecate OUSG as repo collateral without bridging to another chain. Permissioned Domains will give asset managers namespace-level control over who trades within walled gardens—a prerequisite for regulated liquidity pools. For treasury teams juggling intraday cash buffers, tokenized bills on XRPL unlock immediate redeployment of idle dollars. A fund manager who redeems OUSG at 21:00 ET on a Friday receives RLUSD within seconds and can cycle into overnight reverse-repo, stablecoin liquidity farming, or FX settlement in Asia before traditional markets even open. Conversely, corporates that sweep surplus RLUSD into OUSG every evening now capture US Treasury yield without operational drag. Markus Infanger, SVP of RippleX, framed the launch as a watershed: “Ondo’s OUSG going live on the XRPL demonstrates that tokenized finance is no longer theoretical—it’s maturing in real markets. Institutions can now access high-quality assets like US Treasuries on public blockchains, with the compliance and efficiency they need. This represents progress in bringing trusted financial assets into a 24/7 market—enabling greater liquidity, operational efficiency, and faster access to capital.” What Comes Next Ripple and Boston Consulting Group’s joint report projects that tokenization will convert $19 trillion of real-world assets into programmable instruments by 2033. Treasuries have emerged as the beachhead: they are low-risk, deeply liquid, and already digitized in the Federal Reserve’s master ledger, making them ideal for the first wave of on-chain replication. Total tokenized-Treasury value has surged past $7 billion this year, more than doubling since January, and is on track to eclipse the entire stablecoin float of 2017 by year-end. OUSG’s migration to XRPL could accelerate that trend. BlackRock’s BUIDL fund—the underlying asset pool into which OUSG deposits—distributes interest daily and permits same-day stablecoin redemptions, giving on-chain holders a money-market-fund experience without bank-hour limitations. By anchoring that mechanism in XRPL’s always-on settlement layer, Ripple and Ondo have effectively created a composable Treasury bill that “plugs and plays” with any XRPL-native application. The immediate roadmap is functional rather than speculative: open a secondary RLUSD-OUSG order book on XRPL’s DEX, integrate OUSG as collateral in XRPL-based lending markets once live, and extend mint-and-burn access to additional Qualified Purchaser jurisdictions as regulators sign off on the identity stack. Longer term, Ripple plans to use RLUSD as the hub currency for other RWAs—starting with commercial paper and municipal notes—turning XRPL into a full-spectrum capital-markets substrate. At press time, XRP traded at $2.32.
BitcoinWorld Shockwave: Entertainment Giants Sue Midjourney Over AI Copyright In the rapidly evolving digital landscape, where innovation often outpaces regulation, a significant legal battle is unfolding that has caught the attention of tech enthusiasts and traditional industries alike. This lawsuit, involving major entertainment powerhouses and a leading generative AI platform, highlights critical questions about digital rights and the future of creativity. For those in the cryptocurrency space, who understand the complexities of decentralized technology and evolving legal frameworks, this case underscores the broader challenges of intellectual property in the digital age. What is the Core of the Midjourney Lawsuit ? At the heart of the matter is a lawsuit filed by Disney and Universal against the generative artificial intelligence platform, Midjourney. The core allegation is that Midjourney used copyrighted content belonging to these studios without permission to train its AI models. These models are capable of generating and editing images, and the studios claim this training involved unauthorized access and use of their extensive libraries of characters and creative works. The lawsuit, filed in the U.S. District Court for the Central District of California, isn’t just about the training data itself. It also points to the output generated by Midjourney. The studios assert that users of the platform can generate images that clearly depict their copyrighted characters, such as the iconic Homer Simpson or the formidable Darth Vader. Dozens of such examples were reportedly included in the court filing to support their claim of infringement. The filing indicates that Disney and Universal had previously contacted Midjourney regarding their concerns and requested that the alleged intellectual property violations cease. The lawsuit was filed after these earlier requests were reportedly ignored. Why is AI Copyright Such a Contentious Issue? The lawsuit brings the complex issue of AI copyright directly into the spotlight. One of the major challenges for developers of large AI models, particularly those trained on vast datasets scraped from the internet, is navigating existing copyright law. Tech companies, including those developing generative AI , have often argued for legal interpretations that would allow them to train on publicly available works, even if copyrighted, without needing explicit permission from every creator or compensating them individually. Their argument often centers on the idea that this training is akin to a human learning process or falls under fair use doctrines. However, content creators and copyright holders, like Disney and Universal, argue that using their protected works to build commercial products (the AI models and the services they power) constitutes unauthorized use and diminishes the value of their original creations. They contend that the output generated by these AI models can directly compete with or substitute for works created by human artists, writers, and other professionals, thereby harming the creative industries. Key points in the AI copyright debate include: Training Data: Is using copyrighted material for training AI models a fair use or infringement? Output: Is the output generated by AI, particularly if it resembles existing copyrighted works, a derivative work that infringes on the original? Attribution and Compensation: Should AI companies be required to attribute the original works used in training or compensate the creators? Authorship: Can an AI be considered an author, or is the human user the author, or is it the AI developer? These questions are currently being debated in courts and legislatures globally, making the outcome of cases like the Disney/Universal vs. Midjourney lawsuit potentially precedent-setting. What Does This Mean for the Entertainment Industry ? The entertainment industry , while being a plaintiff in this case, also has a complex relationship with generative AI . While studios are protective of their existing intellectual property , some have also begun experimenting with AI technologies themselves, albeit often in limited or controlled ways. This includes using AI for tasks like visual effects, animation assistance, script analysis, or even generating concept art. The lawsuit highlights the industry’s primary concern: protecting its vast library of valuable characters, stories, and visual assets. These assets are the foundation of their business models, driving everything from films and TV shows to theme parks and merchandise. Allowing AI platforms to freely use and potentially replicate these assets without control or compensation poses an existential threat to their traditional revenue streams and creative control. Conversely, the industry is also looking for ways to leverage AI to reduce costs and increase efficiency. This creates a tension between wanting to harness the power of AI and needing to protect the very content that makes their business valuable. The outcome of this lawsuit could significantly influence how the entertainment industry approaches the adoption and regulation of AI technologies in the future. Seeking Remedies for Intellectual Property Violations In their lawsuit, Disney and Universal are not merely seeking a declaration that Midjourney infringed their rights. They are pursuing concrete remedies to address the alleged harm caused by the unauthorized use of their intellectual property . The key demands outlined in their filing include: Monetary Damages: The studios are seeking financial compensation for the damages they claim to have suffered as a result of Midjourney’s alleged infringement. This could include actual damages based on lost profits or statutory damages for each instance of infringement. Jury Trial: The plaintiffs have requested a jury trial, allowing a panel of citizens to hear the evidence and decide on the facts of the case and the extent of liability. Injunction: A crucial demand is an order from the court (an injunction) that would bar Midjourney from continuing to engage in the alleged copyright infringement. This could potentially require Midjourney to alter its training data, modify its models, or implement filters to prevent the generation of infringing content. These demands reflect the studios’ intent to not only be compensated for past alleged harms but also to prevent future violations of their rights by Midjourney. The request for an injunction, in particular, could have significant technical and operational implications for Midjourney’s platform. What’s Next in the Legal Battle? As of the initial report, Midjourney had not immediately responded to requests for comment regarding the lawsuit. The legal process will involve Midjourney filing a response to the complaint, potentially arguing defenses such as fair use, lack of substantial similarity in output, or issues with the studios’ claims regarding the training data. The case will then likely proceed through discovery, where both sides exchange evidence, followed by potential motions, settlement discussions, and ultimately, if no settlement is reached, a trial. The outcome of this case is being closely watched by the entire tech and creative ecosystem. It will likely help shape the legal precedents regarding the use of copyrighted material in AI training and the responsibility of AI platforms for the output they generate. For anyone interested in the future of digital rights, the intersection of technology and law, and the protection of creative works in the age of AI, this lawsuit represents a pivotal moment. This legal challenge underscores the ongoing tension between rapid technological advancement and established legal frameworks designed to protect creators. How courts interpret existing laws in the context of sophisticated generative AI will have lasting consequences for innovation, creativity, and the future of various industries, including entertainment and potentially other sectors dealing with valuable digital assets. To learn more about the latest AI copyright trends, explore our article on key developments shaping AI features. This post Shockwave: Entertainment Giants Sue Midjourney Over AI Copyright first appeared on BitcoinWorld and is written by Editorial Team
Paypal CEO Alex Chriss announced today that PayPal plans to bring PYUSD, PayPal’s Stablecoin, into the Stellar network to provide fast and affordable cross-border payments and reach a large group of developers. According to the company press briefing, they are awaiting approval from the NYDFS. Paypal plans to upgrade its Stablecoin for real-world payments, commerce, and micro-financing by leveraging the Stellar network speed, low transactional costs, and ease of integration. Stellar has been designed for speed, low-cost payments, and real-world utility. Chris believes the blockchain technology firm will unlock an additional option to the already existing expansion in Ethereum and Solana. Paypal plans to introduce payment financing (PayFi) for small businesses Paypal users will benefit from Stellar’s network infrastructure, which spans 170 countries and has multiple on and off ramps, digital wallets, and integration with local fiat currencies and banking systems. According to the company’s press release , this is ideal for PayPal’s goal of reaching a broader group of developers and opening more opportunities. The target audience is the emerging markets where traditional financial systems can be slow, expensive, or inaccessible. PYUSD is coming to @StellarOrg , reaching a broader group of developers and unlocking new opportunities for the stablecoin. More blockchains, greater access – and we’re not stopping now. pic.twitter.com/DDfpb9JBzM — Alex Chriss (@acce) June 11, 2025 The partnership will also introduce the Payment Financing model ( PayFi ), enabling small and medium-sized businesses (SMBs) that face delayed receivables or prefunding requirements to access real-time working capital in loans directly in PYUSD to their Stellar wallets. Companies can use these funds to settle suppliers, manage inventory, and cover other expenses with the added advantage of instant settlement and transparency. Liquidity providers have been allowed to participate in the financing options and earn returns from real-world activities in addition to speculative trading. May Zabaneh, Vice President of PayPal’s Blockchain, Cryptocurrency, and Digital Currency Group, said stablecoins have long been viewed as crypto killer apps because they combine the power of blockchain with the stability of fiat currencies. He believes that working with Stellar will advance the use of this technology and provide benefits for all users in the key area of cross-border payments. NYDFS delay risks giving PYUSD a bad head start Danelle Dixon, CEO of Stellar Development Foundation, reiterated that Stellar is the network for fast, low-cost, and trusted global payments at scale. He added that bringing PYUSD to over 170 countries would transform stablecoins into practical financial tools that millions of everyday users and merchants can use. He affirmed that the partnership aims to bring stable digital currency to small businesses and individuals in emerging markets all over the globe. Paypal has recently partnered with Gebuana Lhuillier (Philippines) and Yellow Card (Africa) to bypass banking systems, which have access to 3,500 and 25,000 touchpoints, respectively. Analysts believe these partnerships could push PayPal into a remittance choice by cutting fees up to 80% compared to competitors like Western Union and MoneyGram. PYUSD , however, faces challenges such as a crypto reputation for Scams, hacks, and market crashes, which may deter investor confidence. The NYDFS approval may delay the process, citing money laundering and consumer protection concerns. Stellar’s decentralized nature lacks the centralized control that banks and regulators prefer. Also, PYUSD holders on the exchange may face price volatility if redemption partners fail to buy back their tokens. PYUSD faces competition from Circle’s USDC, backed by Goldman Sachs, which already dominates stablecoin markets with $50 billion in circulation. Analysts say that with the pending approval from NYDFS, PYUSD may face a hard head start in competing with giants like USDC and USDT, which already have a competitive edge in the market. Jim Cramer, host of Mad Money on CNBC, said this is a high-risk, high-reward bet. If the NYFDS approves and SMEs flock to PayFi, PayPal stock could soar, but if it stumbles on regulation or adoption, it would render PYUSD a costly disaster. KEY Difference Wire helps crypto brands break through and dominate headlines fast
BitcoinWorld Stablecoins: Unlocking Massive Potential as Crypto’s Second Killer App, Says Bitwise CIO Have you been following the incredible growth in the world of digital assets ? While Bitcoin often grabs the headlines, a quiet revolution has been happening in the background, led by stablecoins . According to Matt Hougan, the Chief Investment Officer at Bitwise , these seemingly simple tokens are much more than just a bridge between traditional finance and the volatile crypto market. He argues they are, in fact, crypto’s “second killer app,” right after Bitcoin itself. This is a powerful statement, coming from a leader at a major asset management firm focused on cryptocurrency investment . It signals a growing recognition of stablecoins’ fundamental importance and their potential to drive significant value within the crypto ecosystem. Why Does Bitwise See Stablecoins as a ‘Killer App’? Matt Hougan’s perspective, as reported by The Block, is grounded in two key observations about stablecoins : Explosive Growth in Assets Under Management (AUM): The total value of stablecoins in circulation has soared into the tens of billions, and at times, hundreds of billions of dollars. This isn’t just theoretical value; it represents real capital being held and moved using these tokens. This massive adoption is a clear indicator of their utility and demand. Robust Revenue Model: Many major stablecoin issuers hold reserves, often including short-term U.S. Treasuries. As interest rates have risen, the yield generated from these reserves has become a significant source of revenue for the issuers. This creates a sustainable business model, adding another layer of financial legitimacy and value to the stablecoin infrastructure. Hougan’s view emphasizes that value in the crypto space isn’t limited to just protocol-level innovations like Bitcoin’s blockchain. Value also accrues at the application layer, where stablecoins provide a crucial function: a stable medium of exchange and store of value within a volatile environment. He believes capturing the long-term potential of digital assets requires exposure to both these infrastructure and application layers. What Exactly Are Stablecoins and How Do They Work? Before diving deeper into their impact and investment implications, let’s quickly recap what stablecoins are. In essence, they are a type of cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the U.S. dollar, but sometimes to other assets like gold or even algorithms. The most common types of stablecoins include: Fiat-Collateralized: Backed 1:1 by reserves of traditional currency (like USD), cash equivalents, or short-term debt (like U.S. Treasuries). Examples: Tether (USDT), USD Coin (USDC). This is the model Bitwise highlights regarding the revenue generation from reserves. Crypto-Collateralized: Backed by other cryptocurrencies, often in an overcollateralized manner to absorb price volatility. Example: Dai (DAI). Algorithmic: Do not use direct asset collateral but rely on algorithms and smart contracts to manage supply and maintain the peg. (Note: This model has faced significant challenges and failures in the past). Their core function is to provide stability, allowing users to transact, save, or participate in DeFi (Decentralized Finance) without being constantly exposed to the wild price swings characteristic of assets like Bitcoin or Ethereum. The Growing Use Cases: Beyond Just Trading While initially popular among traders looking to quickly move in and out of volatile positions without converting back to fiat, the use cases for stablecoins have expanded dramatically: Global Payments and Remittances: Sending value across borders quickly and cheaply, bypassing traditional banking rails. Decentralized Finance (DeFi): Providing liquidity, lending, borrowing, and yield farming within decentralized protocols. Stablecoins are the lifeblood of many DeFi applications. Earn Yield: Users can earn interest on stablecoin holdings through various platforms, sometimes offering rates higher than traditional savings accounts, driven partly by the reserve yields mentioned by Bitwise . E-commerce and Commerce: Enabling businesses and consumers to transact using digital currencies while avoiding volatility risk. Bridge to Digital Assets: Serving as the primary on-ramp for many users entering the crypto space from traditional finance. This expanding utility is a key reason why firms like Bitwise are paying close attention. Stablecoins aren’t just a niche trading tool; they are becoming foundational infrastructure for a new digital economy. Challenges and Regulatory Landscape for Stablecoins Despite their growth and utility, stablecoins face significant challenges, particularly regarding regulation. Regulators globally are scrutinizing stablecoins due to concerns about: Financial Stability: The potential impact of a large stablecoin failure on the broader financial system. Consumer Protection: Ensuring stablecoin reserves are truly held and transparently managed. Illicit Finance: Preventing stablecoins from being used for money laundering or terrorist financing. Different jurisdictions are proposing or implementing various regulatory frameworks, ranging from treating issuers like banks to requiring strict reserve requirements and audits. The regulatory future remains uncertain, which poses a challenge for widespread adoption and innovation. Furthermore, challenges include maintaining the ‘peg’ during times of market stress and addressing centralization concerns for issuer-controlled stablecoins. What Does This Mean for Cryptocurrency Investment? If stablecoins are indeed the ‘second killer app’ as suggested by the Bitwise CIO, how might this influence cryptocurrency investment strategies? Hougan’s point about value accruing at both infrastructure and application layers suggests that investors shouldn’t solely focus on volatile protocol tokens like Bitcoin or Ethereum. Exposure to the stablecoin ecosystem could become increasingly important. This doesn’t necessarily mean just holding stablecoins (though earning yield on them is an option), but also potentially investing in: Companies Issuing Stablecoins: Publicly traded companies or investment opportunities related to the major stablecoin issuers (where available and appropriate). Protocols and Platforms Utilizing Stablecoins: Investing in DeFi protocols, lending platforms, or payment networks that heavily rely on stablecoins for their operations and growth. Infrastructure Providers: Companies building the technology and services that support the stablecoin ecosystem (e.g., custodians, auditors, compliance tools). Funds or Products Offering Stablecoin Exposure: Exploring investment products from firms like Bitwise or others that might offer structured exposure to stablecoin-related revenues or growth. The recognition by institutional figures like Matt Hougan underscores the maturing nature of the digital assets market. It highlights that innovation and opportunity exist beyond the speculative price movements of headline cryptocurrencies. Is This a Turning Point for Digital Assets? The growing acceptance and utility of stablecoins are arguably helping to bridge the gap between the traditional financial world and the burgeoning digital economy. By providing stability, they make digital assets more accessible and practical for everyday transactions and institutional use cases that require predictable value. As the regulatory landscape becomes clearer (though this may take time), and as technology improves, the infrastructure provided by stablecoins is likely to become even more integrated into global finance and commerce. This evolution supports the view that crypto is not just a speculative asset class but a technological shift with profound implications for how we transfer and store value. Conclusion: Stablecoins’ Pivotal Role in the Crypto Future Matt Hougan’s assertion that stablecoins are crypto’s ‘second killer app’ is a powerful validation of their critical role. Their impressive growth in AUM and their emerging, robust revenue models driven by traditional finance instruments like U.S. Treasuries highlight their increasing significance. They provide the essential stability needed for the wider adoption of digital assets , powering everything from global payments to the complex world of DeFi. While challenges, particularly regulatory ones, remain, the fundamental utility and expanding use cases of stablecoins position them as a foundational element of the future crypto and cryptocurrency investment landscape. As Bitwise points out, understanding and potentially gaining exposure to this layer of the ecosystem is crucial for anyone looking to navigate the long-term potential of this transformative technology. To learn more about the latest crypto market trends, explore our articles on key developments shaping digital assets . This post Stablecoins: Unlocking Massive Potential as Crypto’s Second Killer App, Says Bitwise CIO first appeared on BitcoinWorld and is written by Editorial Team
Singaporean regulators have intensified their regulatory stance on cryptocurrency trading platforms, mandating that those operating without a valid local license must exit the market immediately, as reported by Bloomberg on
Bitcoin price started a fresh increase above the $107,500 zone. BTC is now struggling to clear $110,500 and might correct some gains. Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $107,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $109,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $110,000 resistance zone. Bitcoin Price Corrects Gains Bitcoin price started a fresh increase after it settled above the $105,500 support zone. BTC was able to surpass the $106,500 and $108,000 resistance levels. The bulls even pumped the price above the $109,200 resistance. A high was formed near $110,375 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $105,477 swing low to the $110,373 high. Besides, there was a break below a bullish trend line with support at $109,450 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $107,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $109,250 level. The first key resistance is near the $110,000 level. The next key resistance could be $110,500. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $115,000 level. More Losses In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,000 level and the 50% Fib retracement level of the upward move from the $105,477 swing low to the $110,373 high. The first major support is near the $107,350 level. The next support is now near the $106,550 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,000, followed by $107,350. Major Resistance Levels – $110,000 and $110,500.
BitcoinWorld Consensys-Linked Wallet Makes Strategic $49.6M ETH Acquisition via Galaxy Digital In a move highlighting significant activity within the Ethereum ecosystem, a crypto wallet reportedly associated with blockchain technology firm Consensys has completed a substantial acquisition. This wallet purchased a considerable amount of ETH , specifically 17,864 Ether tokens, valued at approximately $49.6 million at the time of the transactions. The acquisition occurred within a 24-hour period and was facilitated through Galaxy Digital ‘s over-the-counter (OTC) desk, according to on-chain data shared by analytics firm The Data Nerd on X. Understanding the Consensys Connection and Wallet Activity While the report links the wallet to Consensys , it is important to note that large organizations often manage multiple wallets for various purposes, including operational needs, investments, and treasury management. Consensys is a leading force in the Ethereum space, known for developing essential infrastructure and applications like MetaMask, Infura, and development tools for developers building on Ethereum . A significant ETH acquisition by a wallet tied to such a prominent player naturally attracts attention from the crypto community, suggesting strategic positioning or investment. The Role of Galaxy Digital in OTC Trading This large transaction wasn’t executed on a public cryptocurrency exchange but through Galaxy Digital ‘s OTC trading desk. OTC trading involves direct, private transactions between two parties, bypassing the public order books of exchanges. This method is particularly favored by institutional investors and large-volume traders for several key reasons: Minimal Price Impact: Executing a trade of nearly $50 million on a public exchange could significantly move the market price. OTC trading allows the buyer and seller to agree on a price without causing volatility on open markets. Privacy: The details of the trade, including the parties involved and the exact timing, are not immediately visible to the wider market, unlike transactions on public exchanges. Customization: OTC desks can facilitate complex or very large trades that might be difficult to execute efficiently on standard exchanges. Liquidity: For large blocks of assets like ETH , OTC desks can source liquidity that might not be readily available on a single exchange at the desired price. Galaxy Digital is a well-established financial services firm in the digital asset space, providing services that include trading, asset management, and investment banking specifically tailored for cryptocurrencies and blockchain technology. Their OTC trading desk is a key part of their offering for institutional and high-net-worth clients looking to execute large trades discreetly and efficiently. Details of the ETH Acquisition and Wallet Holdings The reported acquisition of 17,864 ETH marks a significant inflow into the wallet. Following this purchase, the wallet’s reported holdings, according to The Data Nerd’s analysis, include a substantial amount of liquid staked ETH (lsETH) and native ETH . lsETH Holdings: The wallet reportedly holds 71,671 lsETH, currently valued at approximately $215.9 million. lsETH is a liquid staking token, commonly representing staked ETH , allowing holders to earn staking rewards while keeping their assets liquid and usable in decentralized finance (DeFi) protocols. Lido Staked ETH (stETH) is a prominent example of such a token, often referred to generally as lsETH. Native ETH Holdings: In addition to lsETH, the wallet also holds 6,786 native ETH tokens, valued at about $18.9 million. The combination of a large recent ETH purchase and existing significant lsETH holdings suggests a strategy focused on both accumulating Ethereum and participating in staking to earn yield, while maintaining flexibility through liquid staking derivatives. What Does This Signal for Ethereum and the Market? A large acquisition of ETH by an entity potentially linked to Consensys via an institutional player like Galaxy Digital sends several potential signals to the market: Confidence in Ethereum: It suggests continued strong conviction in the long-term value and potential of the Ethereum network and its native asset, ETH , from major ecosystem participants. Institutional Activity: The use of Galaxy Digital ‘s OTC trading desk underscores the increasing role of institutional infrastructure and services in facilitating large cryptocurrency trades. Staking as a Strategy: The significant lsETH holdings, alongside the native ETH purchase, highlight that staking and utilizing liquid staking tokens are integral parts of asset management strategies for large holders. Potential Future Activity: Such large inflows could precede further strategic moves within the Ethereum ecosystem, whether related to staking, DeFi participation, or other initiatives. While one transaction doesn’t define the entire market trend, large, discreet moves by significant players like those potentially linked to Consensys and facilitated by firms like Galaxy Digital through OTC trading are closely watched indicators of underlying sentiment and strategy within the crypto space. Conclusion: A Strategic Move in the Ethereum Landscape The reported acquisition of nearly $50 million in ETH by a wallet associated with Consensys via Galaxy Digital ‘s OTC trading desk is a notable event. It signifies continued strong interest and investment in Ethereum from key industry players. The strategic choice of the OTC trading route emphasizes the importance of discretion and efficiency for large-volume transactions. Furthermore, the wallet’s existing substantial holdings in liquid staked ETH highlight the growing adoption of staking as a core component of asset management strategies in the Ethereum ecosystem. This transaction serves as a compelling example of how major entities are navigating the digital asset market, utilizing specialized services like those offered by Galaxy Digital to execute significant, strategic positions in assets like ETH . To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum institutional adoption. This post Consensys-Linked Wallet Makes Strategic $49.6M ETH Acquisition via Galaxy Digital first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG revealed on June 12 that former President Trump announced via TruthSocial the launch of an immigration initiative termed the “Gold Card.” This program, priced at $5 million, aims to
Tariffs didn’t bring jobs back, but they did break Temu