Summary BTCI offers high monthly 'income' by writing call options on Bitcoin futures but carries significant risk due to Bitcoin's volatility. The strong performance of Bitcoin and its high 30%+ distribution yield has attracted relatively strong investor interest, with AUM rising quickly. While BTCI has outperformed traditional assets by a wide margin, its options strategy can cap upside and lead to underperformance versus pure Bitcoin ETFs in strong rallies. BTCI is best suited for income-focused investors comfortable with volatility but is not appropriate for the risk-averse given the potential for rapid declines. Written by Nick Ackerman, co-produced by Stanford Chemist NEOS is an ETF sponsor that has been bringing some unique ETFs to the market. One of those is the NEOS Bitcoin High Income ETF ( BTCI ), launched toward the end of 2024. This is a relatively newer fund, but the idea is rather simple: the fund holds cash equivalents and Bitcoin USD ( BTC-USD ) exposure through an ETF and long call options while it also writes call options against Bitcoin futures. The fund is actively managed with a "data-driven call option strategy." By writing call options, this provides the fund with option premiums, which can be distributed to investors. I believe this fund is rather risky overall and definitely not for those risk-averse investors. However, someone who is interested in investing in Bitcoin and wants high distribution could find it an interesting idea. BTCI Basics Dividend Frequency: Monthly. Dividend Yield: 2.10% SEC yield, 30.25% Distribution Yield. Expense Ratio: 0.98%. Leverage: N/A. Managed Assets: $345.1 million. Structure: Active ETF. BTCI's investment objective is to "generate high monthly income with the potential for appreciation based on exposure to exchange-traded products ("ETP") that have direct exposure to Bitcoin. They continue with seeking "to distribute monthly income generated from writing call options on Bitcoin Futures ETFs." The fund is actively managed and "seeks to offer upside potential via efficient exposure to Bitcoin ETPs." Despite a relatively short history of coming to market only on October 17, 2024, the fund has garnered much interest, and AUM has risen rapidly. Generally, a high distribution rate can cause a lot of attention. The popularity of Bitcoin also appears to be growing, thanks to its very strong returns as well. Of course, we know that is history, and past performance is no guarantee of future results. So, make of that what you will. BTCI's Portfolio BTCI's portfolio is quite simple, as it tends to be for this single-asset ETF offering. They hold VanEck Bitcoin ETF ( HODL ) as their more straightforward exposure to Bitcoin; however, it can get a bit more complicated with the options positioning. This is because they go long and short Bitcoin call options as well as short puts. Overall, the fund holds the highest allocation to U.S. Treasury Bills. Date Account Stock Ticker CUSIP Security Name Shares Price Market Value Weightings 6/25/2025 BTCI 912797PQ4 912797PQ4 United States Treasury Bill 08/28/2025 230,718,000 $99.24 $228,968,193.16 67.23% 6/25/2025 BTCI HODL 92189K105 VanEck Bitcoin ETF/US 2,806,874 $29.91 $83,953,601.34 24.65% 6/25/2025 BTCI MBTX 250718C00225000 MBTX 250718C00225000 MBTX US 07/18/25 C225 10,474 $28.05 $29,379,570.00 8.63% 6/25/2025 BTCI MBTX 250718C00270000 MBTX 250718C00270000 MBTX US 07/18/25 C270 -3,491 $3.35 ($1,169,485.00) -0.34% 6/25/2025 BTCI MBTX 250718C00285000 MBTX 250718C00285000 MBTX US 07/18/25 C285 -3,491 $1.55 ($541,105.02) -0.16% 6/25/2025 BTCI MBTX 250718P00225000 MBTX 250718P00225000 MBTX US 07/18/25 P225 -10,474 $2.30 ($2,409,020.00) -0.71% 6/25/2025 BTCI Cash & Other Cash & Other Cash & Other 2,377,906 $1.00 $2,377,906.24 0.70% By going long call options and short puts, the fund is creating a synthetic options strategy, which they further outline in the prospectus : The Fund primarily derives its exposure to the Bitcoin Futures ETF by trading options that use the Bitcoin Futures ETF as the reference asset; however, the Fund may hold some shares of the Bitcoin Futures ETF directly. Because the Fund’s exposure to the Bitcoin Futures ETF is obtained via options instead of owning the reference asset, the Fund’s exposure is considered to be “synthetic.” The synthetic exposure is created through the combination of purchasing call options and selling put options generally at the same strike price with the same expiration. This combination synthetically creates the upside and downside participation in the price returns of the Bitcoin Futures ETF. The Fund will primarily gain exposure to increases in value experienced by the Bitcoin Futures ETF through the purchase of call options. As a buyer of these options, the Fund pays a premium to the seller of the options. The Fund will primarily gain exposure to decreases in value experienced by the Bitcoin Futures ETF through the sale of put options. As the seller of these options, the Fund receives a premium from the buyer of the options. In combination, the purchased call and sold put options generally provide exposure to price returns of the Bitcoin Futures ETF both on the upside and downside. Performance And Distribution The fund offers an extremely high distribution rate of ~30% so far. As long as Bitcoin can continue to have a strong run, this fund could actually achieve that type of return. As we can see, the fund has delivered market-beating returns against both equities and fixed income—this is by a huge margin too. The market price was $50 at launch and is now closer to $60, indicating that there has been some appreciation on top of the high distribution rate. YCharts However, I believe there is considerable risk in investing in Bitcoin as it can be quite a volatile asset. In fact, that's generally why the distribution rate can be so high, as the volatility increases, the option premiums are brought in. For example, the fund utilizes writing options (and goes long) with the CBOE Mini Bitcoin U.S. ETF Index, which has an implied volatility of around 35% on the $250 call. CBOE Mini Bitcoin U.S. ETF Index (Fidelity) For some context, the implied volatility for the SPDR® S&P 500® ETF ( SPY ) for the first call strike below the current trading price is at ~17%. By writing those calls, the fund generates the cash flow provided by collecting the premiums and distributing them through a monthly distribution. Given the high allocation to U.S. Treasury Bills, that's also generating some interest payments within the fund. BTCI Distribution History (Seeking Alpha) Basically, that is where the 30-day SEC Yield of 2.10% is coming in while the fund's distribution rate is listed at 30.25% currently on the fund's website. BTCI Distribution and Expenses (NEOS) However, there is some downside to the fund utilizing options writing to generate the cash for the distribution. It comes with the risk that all call writing funds have to contend with, and that is the upside cap when an underlying investment is running sharply higher. This cap can get hit, and it can mean that the fund can limit its upside. In fact, the fund's latest semi-annual report for an abbreviated period showed that the fund saw realized losses from the written option contracts. BTCI Semi-Annual Report (NEOS) That's where you can see that BTCI has actually underperformed its ETF holding, HODL, by quite a meaningful margin. YCharts However, there can be some potential downside protection with a call writing strategy. It isn't much, but the premiums received offset declines in the underlying instruments that BTCI is long as well. In a flat market, BTCI would also be considered outperforming, as even if the underlying is moving sideways, those premiums can still be collected for some gains. One fund I hold that is in the Bitcoin space, while also paying a monthly distribution, is ProShares Bitcoin ETF ( BITO ). The fund has outperformed BTCI during this period since the ETF's inception. YCharts However, the fund invests in futures and swaps for its Bitcoin exposure. It also doesn't utilize an options writing strategy, but the distributions come from the gains (and interest payments from the underlying Treasury holdings) produced on those derivatives. If those gains stopped, the distribution would fall dramatically—closer to the yield on Treasury Bills minus the 0.95% expense ratio. That's why you'll see the distribution history looks like this: BITO Distribution History (Seeking Alpha) As a more income-focused investor, I definitely prefer BITO and BTCI compared to holding a Bitcoin ETF or holding Bitcoin itself. I'm aware of not participating as much in the overall total returns. However, I find peace of mind, and that it is beneficial to have these gains/income distributed out monthly. If there is a collapse in Bitcoin, then I know some gains will be locked in or losses limited. Conclusion BTCI is a risky strategy as Bitcoin is considered quite volatile. At the same time, it has performed extremely well, and that has meant a lot of investor interest is being driven in that direction. BTCI provides exposure to Bitcoin either through ETFs or synthetically with options; it then applies an options writing strategy over the portfolio, which provides a significant monthly distribution to investors. High distributions tend to gain a lot of investor interest, so it might not be too surprising to see how fast this ETF is seeing inflows. However, I would reiterate that it does not appear to be appropriate for more risk-averse investors. The fund has experienced significant appreciation thanks to strong gains from Bitcoin, but such strong gains will not be guaranteed going forward. April of this year provided a good example of how far Bitcoin and this ETF can fall quite rapidly.
The crypto market remains rangebound despite renewed tariff negotiations initiated by President Trump with key U.S. trading partners, signaling cautious optimism among investors. Bitcoin, Ethereum, XRP, and Solana have shown
A new study by Crisil Coalition Greenwich finds that leading banks around the globe, including several of America’s largest, are set to lift revenue from trading activities by about 10% in the April-to-June quarter, as markets reacted to changes in U.S. tariff policy. The firm’s data, reported by Reuters , shows that trading income for the same 12 banks rose by 15% from January to March, and the projections continue that trend. In late June, top executives at Bank of America and Citigroup told investors they expect market revenue to grow by the mid-to-high single digits this quarter, building on a strong start to the year. When these U.S. banking giants report their Q2 results next week, analysts and senior bankers say they could even surpass those forecasts. The uptick comes after President Donald Trump’s announcements on new trade duties in early April triggered wide swings in equity prices and drove turnover in U.S. Treasuries to record highs, according to trading platform Tradeweb Markets. “Anybody that’s in the market-making business, providing people with instantaneous liquidity, is going to benefit,” said a veteran Wall Street executive, who spoke on condition of anonymity about client flows. He added that with stocks tumbling, bond yields rising, and currencies sliding, many investors sought to reduce risk across their portfolios. 12 global banks to lead the surge Crisil’s figures cover 12 institutions, from JPMorgan Chase, Goldman Sachs, and Morgan Stanley to Wells Fargo and their European peers. Mollie Devine, who leads markets analytics at Coalition, noted that sudden price moves often boost trading profits. She called some of the tariff news a “positive catalyst” for desks looking to capitalise on volatility. Even so, Devine pointed out that equity trading outpaced both bond and currency business, despite stock markets being smaller than fixed-income or foreign-exchange venues. She estimates that revenues from equities jumped about 18% in Q2 compared with the same three months last year, while bond trading climbed roughly 5%. Wells Fargo analyst Mike Mayo said banks are enjoying sustained elevated deal volumes due to ongoing uncertainty around trade policy , interest-rate shifts, and geopolitical tensions. “The higher trading in the last few years is not an aberration, but more a path back to normal after 15 years of zero percent interest rates,” he explained. Tradeweb’s data supports this view. In April, its average daily trading volume hit $2.7 trillion, up nearly 39% from April 2024, and in March, it set an all-time record of $2.71 trillion per day. On its platform, U.S. government bond trades in April surged to the highest monthly total ever, with the biggest weekly gain since 2001 following those first tariff alerts. 2025 trading revenue could hit a 16-year high Looking ahead, Coalition Greenwich predicts that total market revenue for its index banks will rise about 7% in 2025 index, compared with a 13% increase seen in the first half. At $246.2 billion, that would be the strongest annual result since 2009, the year after the financial crisis erupted. Meanwhile, Mayo forecasts that major U.S. lenders will see trading revenue climb around 8% in the first half of 2025, slow to about 5% in the back half of the year, and settle into low single-digit growth in 2026. “The immediate effect of the tariffs was to exaggerate the extent of trading,” but as that news fades, so will the spike in trading, he said. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
In the dynamic world of cryptocurrencies and digital assets, few topics spark as much debate as the potential for a central bank digital currency (CBDC) to reshape the global financial landscape. Specifically, the emergence of China’s digital yuan, or e-CNY , has fueled speculation about whether it could truly challenge the long-standing supremacy of the US Dollar. However, recent analysis from prominent economists like Ed Yardeni offers a sobering perspective: the notion of the e-CNY dethroning dollar dominance is, for now, largely unfounded. Yardeni’s Crucial Insight: The Unwavering Strength of Dollar Dominance Edward Yardeni, president of Yardeni Research, has consistently articulated a compelling argument regarding the resilience of the US Dollar’s position in global finance . His perspective cuts through the hype surrounding new digital currencies, emphasizing fundamental economic and geopolitical factors that underpin currency strength. Yardeni posits that the dollar’s role as the world’s primary reserve currency and medium of exchange is deeply entrenched, built on pillars that the e-CNY currently lacks and is unlikely to acquire in the foreseeable future. What makes the US Dollar so resilient? It’s a combination of: Deep and Liquid Capital Markets: The US boasts the world’s largest, most liquid, and transparent financial markets, making it easy for investors globally to buy and sell dollar-denominated assets. This unparalleled liquidity ensures that the dollar remains the preferred currency for large-scale international transactions. Rule of Law and Governance: A robust legal framework, strong property rights, and independent institutions foster trust and predictability, crucial for international transactions and investments. This institutional stability provides a bedrock for dollar dominance . Open Capital Account: The ability to freely move capital in and out of the US is a cornerstone of the dollar’s appeal, a stark contrast to China’s managed capital account. This openness is vital for its role in global finance . Global Trust and Network Effects: Decades of consistent policy, economic stability, and widespread acceptance have created a powerful network effect, where everyone uses the dollar because everyone else uses the dollar. This self-reinforcing cycle makes it incredibly difficult for any challenger, including the e-CNY , to gain significant ground. Understanding the e-CNY : China’s Ambitious Digital Currency Initiative Before diving deeper into why the e-CNY might fall short of challenging the dollar, it’s essential to understand what China’s digital currency is. The e-CNY is the digital version of China’s fiat currency, issued and controlled by the People’s Bank of China (PBOC). It is designed to replace some of the physical cash in circulation and facilitate domestic payments, enhance financial inclusion, and potentially improve monetary policy transmission. Its development is a significant step in China’s digital transformation, aiming to modernize its payment infrastructure. Key characteristics of the e-CNY include: Centralized Control: Unlike decentralized cryptocurrencies like Bitcoin, the PBOC has complete control over the issuance, flow, and traceability of the e-CNY . This centralized nature allows for strict oversight and policy implementation. Legal Tender Status: It holds the same legal status as physical yuan, meaning merchants must accept it within China. This ensures its widespread domestic adoption. Account-based and Token-based Features: While primarily account-based, it can also facilitate offline payments, offering some token-like characteristics. This hybrid design aims for versatility. Domestic Focus: Its primary rollout and usage have been focused internally within China, with limited, experimental cross-border applications. This internal emphasis is key to understanding its current limitations for global finance . While the e-CNY represents a significant technological leap for China’s domestic payment infrastructure, its design and underlying economic philosophy present substantial hurdles to its global acceptance as a reserve currency, particularly when considering the robust foundation of dollar dominance . Why the Digital Yuan Faces an Uphill Battle for Global Adoption? Despite China’s economic might and its pioneering efforts in launching a large-scale CBDC , the path for the Digital Yuan to achieve widespread international adoption and threaten dollar dominance is fraught with challenges. These challenges stem from fundamental differences in economic systems, governance, and trust, which are deeply ingrained in China’s approach to financial control. Capital Controls and Convertibility Concerns One of the most significant impediments for the Digital Yuan is China’s persistent capital controls. For a currency to become a global reserve, it must be freely convertible and allow for the unrestricted flow of capital across borders. China maintains strict controls on capital inflows and outflows to manage its exchange rate and prevent financial instability. This policy fundamentally contradicts the requirements for a global reserve currency, which demands open access and liquidity for international users. Without full convertibility, the e-CNY cannot compete with the dollar’s universal accessibility. Lack of Trust and Transparency The centralized and opaque nature of China’s political and legal system is another major hurdle. International investors and sovereign entities prefer currencies backed by strong rule of law, transparent governance, and independent judicial systems. Concerns about data privacy, state surveillance, and the potential for political interference in financial transactions deter widespread adoption of the e-CNY outside of China’s direct influence. This trust deficit is a critical factor undermining its potential to challenge dollar dominance . Limited Deep and Liquid Financial Markets While China’s economy is vast, its financial markets, though growing, still lack the depth, liquidity, and diversity of US markets. The ability to invest freely and securely in a wide range of assets is crucial for a reserve currency. Restrictions on foreign investment, coupled with less developed bond and equity markets compared to the US, limit the appeal of holding significant reserves in the Digital Yuan . The dollar’s advantage here lies in the vast array of accessible, low-risk, and highly liquid investment options available in US markets, a cornerstone of global finance . The Enduring Strengths of the US Dollar: A Pillar of Global Finance The US Dollar’s reign as the king of global finance is not merely a matter of habit; it’s a testament to a unique confluence of factors that have made it indispensable for international trade, investment, and central bank reserves. Yardeni’s analysis underscores these foundational strengths, which are far more significant than the technological advancements of any new CBDC , including the e-CNY . Unmatched Liquidity and Depth The sheer volume of dollar-denominated transactions, from commodities trading to international loans, provides unparalleled liquidity. This means that large sums of dollars can be bought or sold without significantly impacting their price, a critical feature for central banks and large corporations managing vast reserves and cross-border payments. This deep liquidity ensures that the dollar remains the most efficient medium for international transactions, solidifying its dollar dominance . Safety and Stability Despite political debates, the US Treasury market is considered one of the safest and most reliable havens for capital globally. The perceived stability of the US economy, its democratic institutions, and its commitment to honoring financial obligations provide a bedrock of trust that is hard for any other nation to replicate quickly. This perception of safety is a powerful magnet for global capital, reinforcing the dollar’s position. Network Effects and Path Dependence The dollar’s dominance is reinforced by powerful network effects. Because so many transactions, contracts, and financial instruments are already denominated in dollars, there’s a strong incentive for others to continue using it. This “path dependence” makes it incredibly difficult for a new currency, even a technologically advanced CBDC like the e-CNY , to displace it. The established infrastructure and widespread familiarity create a formidable barrier to entry for challengers. Is the CBDC Landscape Evolving Globally? Broader Implications While the focus here is on the e-CNY and dollar dominance , it’s important to acknowledge that central banks worldwide are actively exploring or developing their own CBDC s. From the European Central Bank’s digital euro project to ongoing research in the UK and Canada, the global financial system is indeed undergoing a digital transformation. However, the motivations behind these initiatives often differ from China’s, highlighting varying national priorities and values. Most Western CBDC explorations prioritize: Payment Efficiency: Improving the speed and cost of domestic payments, aiming for frictionless transactions. Financial Inclusion: Providing access to digital payments for unbanked populations, ensuring broader participation in the digital economy. Monetary Policy Tools: Potentially offering new levers for central banks to manage economic conditions, though this remains a debated area. Resilience: Ensuring a robust payment system in the face of disruptions, enhancing the overall stability of the financial infrastructure. Crucially, many of these Western initiatives emphasize privacy protection, interoperability with existing financial systems, and alignment with democratic values – factors that differentiate them significantly from the e-CNY ‘s design and operational philosophy, especially concerning international adoption and trust in global finance . Challenges and Limitations for the e-CNY ‘s Global Ambitions Let’s consolidate the specific limitations that Yardeni and other analysts point to when assessing the e-CNY ‘s international prospects and its capacity to genuinely threaten dollar dominance : Feature US Dollar (USD) e-CNY (Digital Yuan) Capital Account Fully Open, Unrestricted Flow Managed/Controlled, Restrictions on Flow Rule of Law Strong, Independent Judiciary, Predictable State-controlled, Less Transparent, Politically Influenced Data Privacy Strong Protections (comparatively), Legal Recourse Government Surveillance Potential, Data Centralization Financial Market Depth Deepest & Most Liquid Globally, Diverse Assets Developing, Restricted Access, Limited Diversity Global Trust High, Decades of Stability & Reliability Building, Concerns over Geopolitics & Control These fundamental structural differences mean that while the e-CNY may facilitate trade with countries within China’s immediate sphere of influence, it is unlikely to displace the dollar as the go-to currency for global invoicing, foreign exchange transactions, or central bank reserves. The inherent lack of trust in a system that can be arbitrarily influenced by state policy, coupled with a non-convertible currency, severely limits its appeal beyond specific geopolitical alignments. The Digital Yuan ‘s design, optimized for domestic control, inadvertently hampers its international appeal. Geopolitical and Economic Implications: A Long Game The competition between currencies is not just economic; it’s deeply geopolitical. China’s push for the e-CNY can be seen as part of a broader strategy to reduce reliance on the dollar system, particularly in the face of potential sanctions or economic pressure from the US. It’s also an effort to enhance its financial infrastructure and exert greater influence in global finance , especially along its Belt and Road Initiative routes. This strategic ambition is clear, but its execution faces significant systemic hurdles. However, analysts like Yardeni suggest that these geopolitical motivations, while real, do not automatically translate into a successful challenge to dollar dominance . The global financial system is incredibly complex and resilient, and changes in reserve currency status occur over decades, if not centuries, driven by profound shifts in economic power, institutional trust, and geopolitical stability. The dollar’s strength is not just about US economic output; it’s about the entire ecosystem of legal frameworks, financial infrastructure, and global conventions built around it. Any significant shift away from the dollar would require a complete re-architecture of global finance , a monumental undertaking. Future Outlook: A Multipolar Currency World, but Slowly While Yardeni remains skeptical about the e-CNY threatening the dollar, the future of global finance might still trend towards a more multipolar currency system over the very long term. This doesn’t necessarily mean one currency replaces another entirely, but rather that several major currencies could play significant, albeit specialized, roles. The euro, yen, and even potentially a basket of currencies could gain traction, but none appear poised for a rapid ascent to challenge the dollar’s comprehensive role. For the e-CNY , its most likely future role is as a highly efficient domestic payment system and a tool for facilitating trade within China’s immediate economic orbit, especially with countries less concerned about privacy or capital controls. It will be a significant technological achievement for China, but one that operates within the existing framework of dollar dominance , rather than overthrowing it. The journey for the Digital Yuan to become a truly global reserve currency is a long and arduous one, marked by fundamental economic and trust barriers. Conclusion: The Enduring Fortress of the Dollar In summary, the expert analysis from Yardeni Research provides a compelling counter-narrative to the sensational headlines about the e-CNY ‘s potential to unseat the US Dollar. While China’s digital currency is an impressive technological innovation with significant implications for domestic payments and potentially regional trade, it faces insurmountable hurdles in challenging the fundamental pillars of dollar dominance . The dollar’s strength lies not just in its economic backing but in the deep trust, liquidity, rule of law, and open capital markets that define the US financial system – attributes that the Digital Yuan , by its very design, cannot replicate. The global financial system is evolving, but the king of currencies remains firmly on its throne, for the foreseeable future. To learn more about the latest Forex market trends, explore our article on key developments shaping the US Dollar and global liquidity.
The world’s richest man is on a mission to revolutionize American politics with the launch of a new political party. Interestingly, Bitcoin and Jeffrey Epstein will be two of its top priorities. Elon Musk’s New Political Party Backs Bitcoin, Vows to Expose Epstein Secrets Convicted sex trafficker Jeffrey Epstein who once said bitcoin “can serve
If you’ve been waiting for the breakout opportunity of 2025, this is it. As crypto whales quietly reposition their portfolios, Mutuum Finance (MUTM) , a low-priced DeFi gem, is suddenly catching fire alongside Dogecoin (DOGE). 5th round of Mutuum Finance presale has already sold out over 60%. The amount raised so far is over the $11.9 million barrier with over 12,900 owners. While Dogecoin (DOGE) and other established tokens are seeing steady whale interest, Mutuum Finance is generating real FOMO and could be the top token of the summer. DOGECOIN: Whales Stick With the Classics, But Eyes Are Wandering While newer tokens are stealing the spotlight, crypto whales haven’t completely turned their backs on the old favorites. Dogecoin (DOGE) is still seeing consistent accumulation, with recent whale wallet activity pointing to strategic holds rather than major exits. As of now, DOGE is trading at around $0.163, holding firm above its multi-week support near $0.16 despite broader market turbulence. The price action suggests that while DOGE isn’t the center of hype this summer, it remains a steady part of large portfolios, possibly as a hedge or familiar play. Still, compared to the buzz around newer picks like Mutuum Finance (MUTM), it’s clear that attention is starting to shift. Mutuum Finance Presale Reaches $11,900,000 Milestone More than $11.9 million has been raised and over 12,900 investors have invested early in Mutuum Finance (MUTM). This shows investor confidence in the project during its early stages is increasing. MUTM is $0.03, minimum price before a 17% spike in phase 6. Certik and $50,000 Bug Bounty Mutuum Finance (MUTM) will launch a stablecoin that is pegged to the US dollar (USD) on the Ethereum network. Besides, the project is audited by CertiK blockchain security company. This type of audit provides evidence of the readiness of the platform to become reliable and be institutional-graded transparent. Mutuum Finance has launched a $50,000 USDT Bug Bounty. The bounty will be rewarded on the basis of four levels of severity: critical, major, minor and low. Dual-Lending Formula Mutuum Finance (MUTM) is a double-sided lending platform that will serve active as well as passive users of DeFi. Users will receive passive income from lending their USDT through stable passive income-generating smart contract pools providing stable passive income in the project’s Peer-to-Contract (P2C) lending system. Additionally, the Peer-to-Peer (P2P) model permits lenders and borrowers to be as active as they like when it comes to swapping a term of an exchange and does not require a third party for the same. The trend is more prevalent among customers of less secure assets. $100,000 Giveaway Mutuum Finance values its new investors and has launched a $100,000 giveaway that will give 10 lucky winners $10,000 MUTM as a gesture of gratitude for the investors’ initial trust in the project. As crypto whales quietly recalibrate their portfolios for 2025, one name keeps surfacing: Mutuum Finance (MUTM). With over $11.9 million raised and more than 12,900 investors already on board, this DeFi project is gaining massive traction. Now in Phase 5 of its presale, 60% sold out, Mutuum Finance is priced at just $0.03, with a 17% increase looming in Phase 6. Featuring dual lending models, Peer-to-Contract and Peer-to-Peer, a $50K CertiK-backed Bug Bounty, and a $100,000 giveaway currently live, Mutuum Finance is becoming a top pick not just for whales, but for early investors across the board. Join the presale now before the next price jump locks you out. For more information about Mutuum Finance (MUTM) visit the links below Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
Ethereum targets $2,700, spurred by renewed investor interest. Swissblock predicts a unique Ethereum rally compared to past surges. Continue Reading: The Rise of Ethereum Captivates the Cryptocurrency World The post The Rise of Ethereum Captivates the Cryptocurrency World appeared first on COINTURK NEWS .
The US stock market just blew past every record in history, as the capitalization-to-GDP ratio hit 208% this week, jumping nearly 43 percentage points since April. That crushes the previous high of 206% from February and more than doubles the ratio from nine years ago. The last time things were this overheated was during the Dot-Com Bubble in 2000, and even then, the ratio only hit 142%. For reference, the average over decades sits around 85%. The S&P 500 rose 0.6% on Wednesday, and the Nasdaq Composite gained around 0.4%, while the Dow Jones added 84 points, that’s about 0.2%. The entire push came from the same sector that’s been running the show: tech. And at the center of it all was Nvidia, which has surged 4% and became the first company ever to cross a $4 trillion valuation. Big names like Meta Platforms, Microsoft, and Alphabet also gained, fueled by what traders called renewed “AI optimism.” Investors didn’t care about tariffs or rate chatter. They were chasing what was going up. Trump demands historic rate cut as inflation threat looms At the same time, President Donald Trump has demanded that the Fed should cut interest rates by more than 300 basis points, calling it “the only way to save the taxpayer from this absurd debt load.” If Jerome Powell actually delivers, this would be three times larger than the 100 bps cut from March 2020, which was already the biggest in US history. Trump pointed to the $1.2 trillion in annual interest payments on the national debt, saying, “We’re burning $3.3 billion a day just on interest. That’s robbery.” He argued that a 3% rate cut would save $360 billion per point per year, or $1.08 trillion annually. His numbers come from applying 1% to the full $36 trillion in US debt. But economists were quick to correct that only $29 trillion of that is publicly held, which is what actually matters. The average interest rate on that debt is about 3.3%. So even if rates on all of it dropped by 3%, the total savings would come to $870 billion per year. But there’s no way to refinance that overnight. Most experts say only 20% of it could be rolled over in the first year, bringing savings to around $174 billion in that timeframe. Assuming a similar 20% rollout over five years, total cumulative savings could touch $2.5 trillion. But the economic fallout would be massive. No single rate cut has ever exceeded 100 bps, not even in 2008. The largest one-time slash was in March 2020. Trump’s plan triples that, and he’s proposing it while the economy is growing 3.8% year over year, not shrinking. Markets could explode, but so will inflation and housing If the Fed actually cuts rates like Trump wants, the short-term impact would be clear. Asset prices would go vertical. Analysts say the S&P 500 could race past 7,000, gold would cross $5,000 per ounce, and oil would spike to $80 a barrel. Crypto would likely follow the same pattern, as it did in 2020 when stimulus and low rates fueled explosive gains. Real estate would also feel it hard. Mortgage rates could drop from 7% to 4%, but prices, already 50% higher since 2020, would surge another 25% or more. Any boost to affordability would get wiped out by rising home values. Renters and first-time buyers would be locked out of the market even faster than they already are. The US dollar would take a beating too. Analysts say a 10%+ decline is likely. That would stack on top of the -10.8% drop already seen in Q1 and Q2 2025, the worst six-month start for the dollar since 1973. A weaker dollar could help US exports a little, but it would make imports, fuel, and everything priced globally more expensive. Gold prices, already up 40% in the past year and 80% over the last five years, would accelerate even further. Inflation would spike. Economists say CPI would exceed 5%, erasing wage growth and hitting low-income families hardest. It would also kill any chance of the Fed keeping control over long-term inflation targets. And it all leads back to one thing. Even if rate cuts give the economy a sugar high, they don’t fix the core issue. As of May, the US Treasury recorded a $316 billion budget deficit, the third-highest on record. Trump’s critics inside the Beltway argue that “we have a spending problem, not a rates problem.” Lowering interest won’t fix the fact that the US keeps borrowing more than it can pay back. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The crypto market remains rangebound as President Trump again revisits tariff negotiations with U.S. trading partners.