Bitcoin Magazine Bill Miller IV Reveals Firm’s Investment in GME, Touts Bitcoin Treasury Strategy In a recent interview , Bill Miller IV outlined his firm’s investment approach in a rapidly shifting macro environment, spotlighting GameStop as a new position and reiterating strong conviction in Strategy (formerly MicroStrategy) as the blueprint for Bitcoin treasury strategy. For Miller, corporate Bitcoin strategy is more than a hedge—it’s a signal of innovation, adaptability, and capital efficiency. Strategy: Solving Corporate Finance Problems with Bitcoin Miller praised Strategy’s transformation from software company to capital allocator focused on Bitcoin. He emphasized that the company isn’t just investing in Bitcoin—it’s solving traditional corporate finance challenges through Bitcoin-backed innovation. Strategy continues to create access to Bitcoin across the capital stack, offering various instruments with different risk profiles—from equity to convertible notes. While some view the firm’s market premium as excessive, Miller sees it as deserved. He framed Strategy’s persistent accumulation of Bitcoin through share issuance as an intelligent response to monetary debasement and a model that others have yet to replicate effectively. He also noted that the rebrand from MicroStrategy to Strategy marked a shift not just in name, but in purpose—cementing the company’s identity as a Bitcoin development company. Not Every Company Can Be Strategy—But Many Can Start According to Miller, there’s a growing list of public companies adding Bitcoin to their balance sheets—more than 70 by his count—but his firm only invests in a select few. He emphasized that his team evaluates each one on its own merits, with a value-oriented lens and a clear focus on the core business. While not every company can become a Bitcoin development company like Strategy, Miller believes many can and should adopt Bitcoin as a long-term store of value. He described Bitcoin as a way for companies to preserve the purchasing power of their excess capital, especially in light of monetary policies designed to erode fiat value over time. He emphasized that companies facing secular challenges—such as declining core businesses or structural industry shifts—may find in Bitcoin a meaningful way to preserve relevance and shareholder value. New Position: GameStop Signals Memetic and Strategic Potential Miller confirmed a new starter position in GameStop, explaining that the decision was driven by the company’s recent capital raise and signs that it may be exploring a Bitcoin strategy. Though the position is small, it reflects his firm’s broader interest in companies that show signs of innovation and unorthodox capital allocation. He highlighted Ryan Cohen’s role at GameStop as a potentially powerful catalyst, pointing to Cohen’s cultural influence and willingness to think outside traditional finance norms. The ability to shape narratives, Miller suggested, is increasingly important in a world where memetics and capital markets are intertwined. He sees potential for GameStop to follow a path similar to Metaplanet or Strategy—retail businesses that have embraced Bitcoin in response to broader existential challenges. Bitcoin as the Rational Response to Monetary Debasement Miller made the case for Bitcoin adoption as a response to ongoing monetary debasement. He explained that if policymakers openly target 2% annual inflation—or more—then it is rational for companies and individuals to move an equivalent portion of their fiat-denominated capital into Bitcoin. He stressed that this isn’t a speculative move but a fundamental capital preservation strategy. The key, he noted, is holding Bitcoin over the long term and recognizing it as a way to transfer value into the future with a lower risk of purchasing power erosion. Miller also noted that more companies are waking up to this logic, especially as regulatory clarity improves. He expects adoption to continue accelerating and sees the current period as a pivotal moment for CFOs and corporate treasurers to take action. A Call to Forward-Thinking Financial Leaders For Miller, Bitcoin isn’t a temporary trade—it’s a long-term solution to structural problems in fiat finance. He believes corporate leaders who ignore this trend risk falling behind. The momentum, he says, is clear: more public companies are entering the space, and early adopters are beginning to outperform. Strategy remains the benchmark. GameStop, Metaplanet, and others may follow. But the broader takeaway is this: in a competitive, inflationary world, companies that fail to evolve risk irrelevance. Bitcoin offers a path forward—one rooted in long-term thinking and strategic capital deployment. Disclaimer: This content was written on behalf of Bitcoin For Corporations . This article is intended solely for informational purposes and should not be interpreted as an invitation or solicitation to acquire, purchase, or subscribe for securities. This post Bill Miller IV Reveals Firm’s Investment in GME, Touts Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Nick Ward .
According to the latest development, cryptocurrency exchange Coinbase is listing Definitive (EDGE) with its experimental tag. *This is not investment advice. Continue Reading: BREAKING: Coinbase Announces to List a New Altcoin with Experimental Label
VanEck, a prominent American investment management firm, is set to launch the first Binance Coin (BNB) exchange-traded fund (ETF) in the United States. On March 31st, the firm filed to establish a trust entity in Delaware under filing number 10148820, as confirmed by public records on the state’s official website . This development serves as a preliminary measure before a formal application is submitted to the US Securities and Exchange Commission (SEC). If approved, the VanEck BNB ETF would become the first US-based ETF to track the price of Binance Coin, the fifth-largest cryptocurrency by market capitalization. While BNB-related products, such as the 21Shares Binance BNB ETP, are available in international markets, no similar ETF exists in the US. VanEck previously introduced spot Bitcoin and Ether ETFs in January and July 2024, respectively, after obtaining SEC approval. It also registered standalone ETFs for Solana and Avalanche in Delaware. Meanwhile, the latest filing did not immediately impact BNB’s market performance. In fact, the cryptocurrency is trading at approximately $605, with a 1.36% decline in the past 24 hours and a 4.3% drop over the past week. BNB witnessed modest gains after President Donald Trump’s financial venture, World Liberty Financial (WLFI), announced the launch of USD1, a USD-backed stablecoin built on the BNB Chain, last week. It briefly surged to about $620 on March 25th, followed by another uptrend above $640 three days later before declining again. In related news, Binance founder Changpeng ‘CZ’ Zhao announced that he is donating 500 BNB to aid victims of the Myanmar and Thailand earthquake. The former chief executive also sought suggestions on the most effective way to distribute the BNB for relief efforts. The post VanEck Seeks SEC Approval for US’s First BNB ETF in Delaware Filing appeared first on CryptoPotato .
Exciting news is breaking in the crypto world! Sei Network, known for its lightning-fast blockchain, has just announced a significant step to propel the industry forward. They’ve launched the Sei Development Foundation, a brand-new U.S.-based nonprofit, right in the heart of Manhattan. This isn’t just another announcement; it’s a powerful signal about the future direction of crypto, particularly concerning crypto development and sensible crypto policy . What is the Sei Development Foundation and Why Does It Matter? The Sei Development Foundation is not just another organization; it’s a dedicated entity focused on accelerating the growth and maturity of the cryptocurrency ecosystem. Based in Manhattan, a global hub for finance and innovation, its strategic location underscores the foundation’s ambitions. But what exactly will it do, and why should you care? Supporting Crypto Builders: At its core, the foundation is designed to empower those building the future of crypto. This means providing resources, grants, and support to developers and projects pushing the boundaries of decentralized technology and crypto development . Driving Institutional Adoption: A major focus is on bridging the gap between traditional finance and the crypto world. The foundation will actively work to foster institutional adoption of cryptocurrency by educating institutions, addressing their concerns, and demonstrating the real-world value of blockchain technology. Engaging with Policymakers: Recognizing the crucial role of regulation, the foundation will proactively engage with U.S. policymakers. This is about advocating for a pro-innovation environment that allows crypto development to flourish while ensuring responsible growth. They aim to shape sensible crypto policy that benefits both innovation and user protection. Advancing Decentralized Technology: Ultimately, the foundation is committed to the long-term vision of decentralized technology. They believe in the power of blockchain to create a more open, transparent, and efficient world, and will work to advance this vision through their various initiatives. Fueling the Future of Crypto Development One of the primary pillars of the Sei Development Foundation is its commitment to fostering crypto development . But how will they actually achieve this? It’s not just about talk; it’s about tangible actions and support. Here’s a glimpse into their approach: Initiative Description Impact on Crypto Development Grant Programs Providing financial grants to promising projects and developers working on innovative crypto solutions. Directly funds and accelerates the development of new technologies and applications within the crypto space. Incubation and Acceleration Programs Offering mentorship, resources, and networking opportunities to early-stage crypto projects. Helps nurture promising projects, increasing their chances of success and contributing to a vibrant ecosystem. Educational Resources and Workshops Creating and distributing educational materials, and conducting workshops to enhance the skills of crypto developers. Expands the talent pool in crypto development , ensuring a continuous flow of skilled professionals. Community Building Initiatives Fostering collaboration and knowledge sharing within the crypto developer community through events and online platforms. Creates a supportive and collaborative environment, accelerating the pace of innovation in crypto development . Through these multifaceted initiatives, the Sei Development Foundation aims to create a fertile ground for crypto development , ensuring that the industry continues to innovate and evolve. Shaping Pro-Innovation Crypto Policy Beyond supporting builders, the Sei Development Foundation recognizes the critical need for a conducive regulatory environment. Crypto policy in the U.S. is a constantly evolving landscape, and the foundation intends to play a proactive role in shaping it. Why is this so important? Clarity and Certainty: Ambiguous regulations can stifle innovation and investment. The foundation will advocate for clear and well-defined crypto policy that provides certainty for businesses and individuals operating in the space. Pro-Innovation Approach: The goal is to promote crypto policy that encourages innovation and technological advancement, rather than hindering it. This involves educating policymakers about the potential benefits of crypto and decentralized technologies. Balanced Regulation: While advocating for innovation, the foundation also understands the need for responsible regulation to protect consumers and prevent illicit activities. They aim to find a balance that fosters growth while mitigating risks. Engaging with Stakeholders: Effective crypto policy requires dialogue and collaboration. The foundation will engage with policymakers, industry leaders, and the broader crypto community to ensure that diverse perspectives are considered in policy discussions. By actively participating in policy discussions and advocating for sensible regulations, the Sei Development Foundation hopes to contribute to a U.S. regulatory framework that supports the long-term growth and success of the crypto industry. This proactive approach to crypto policy is essential for unlocking the full potential of decentralized technologies. Unlocking Institutional Adoption of Crypto Institutional adoption is often seen as the next major catalyst for the widespread growth of the crypto market. The Sei Development Foundation understands this and has made it a key priority. But what exactly does institutional adoption mean, and how will the foundation facilitate it? What is Institutional Adoption? Institutional adoption refers to the integration of cryptocurrencies and blockchain technology into the operations and investment strategies of large financial institutions, corporations, and other organizations. This includes: Investment in Crypto Assets: Institutions allocating capital to cryptocurrencies like Bitcoin and Ethereum, either directly or through investment products. Integration of Blockchain Technology: Corporations utilizing blockchain for various applications, such as supply chain management, payments, and data security. Offering Crypto Services: Financial institutions providing crypto-related services to their clients, such as custody, trading, and lending. How the Foundation Will Drive Institutional Adoption: Education and Awareness Programs: Creating educational resources and conducting workshops to inform institutions about the benefits and opportunities of crypto. Addressing misconceptions and building confidence in the technology. Facilitating Dialogue and Collaboration: Bringing together institutions, crypto companies, and regulators to foster dialogue and collaboration. Creating platforms for knowledge sharing and partnership development. Showcasing Real-World Use Cases: Highlighting successful examples of institutional adoption and demonstrating the practical applications of blockchain technology in various industries. Addressing Regulatory Concerns: Working to clarify regulatory uncertainties and advocate for sensible regulations that encourage institutional adoption while ensuring compliance and risk management. By actively working on these fronts, the Sei Development Foundation aims to pave the way for greater institutional adoption , unlocking new levels of growth and maturity for the crypto market. Why a Nonprofit Structure for Crypto? The decision to establish the Sei Development Foundation as a nonprofit organization is a strategic one, reflecting a commitment to the broader crypto ecosystem and its long-term sustainability. But what are the advantages of a nonprofit structure in this context? Mission-Driven Focus: A nonprofit structure prioritizes mission over profit. The foundation’s primary focus is on supporting crypto development , advancing crypto policy , and driving institutional adoption , rather than generating profits for shareholders. This aligns with the ethos of the decentralized crypto movement. Attracting Donations and Funding: Nonprofit status can make it easier to attract donations and funding from individuals, corporations, and other foundations who share the mission. This can provide a more sustainable and diverse funding base for the foundation’s initiatives. Enhanced Credibility and Trust: Operating as a nonprofit can enhance the foundation’s credibility and trustworthiness, particularly when engaging with policymakers and institutions. It signals a commitment to public benefit and long-term impact. Tax Advantages: Nonprofit organizations often benefit from certain tax exemptions, which can allow them to allocate more resources directly to their mission-related activities. By choosing the nonprofit route, the Sei Development Foundation signals its long-term commitment to the crypto space and its dedication to serving the broader community. This structure allows it to operate with a clear mission focus, attract diverse funding, and build trust and credibility – all crucial factors for achieving its ambitious goals. A Bold Step Forward for Crypto The launch of the Sei Development Foundation is more than just another industry development; it’s a significant step forward for the entire crypto ecosystem. By focusing on crypto development , proactive crypto policy engagement, and driving institutional adoption , the foundation is poised to play a pivotal role in shaping the future of decentralized technology. Based in Manhattan, and with a clear mission-driven approach as a nonprofit , the Sei Development Foundation is strategically positioned to make a real impact. Keep an eye on this space – it’s going to be an exciting journey! To learn more about the latest crypto policy trends, explore our article on key developments shaping crypto institutional adoption.
The DoubleZero Protocol, a blockchain infrastructure network aiming to multiply speeds and efficiency for distributed networks, announced a validator funding round to sell token-purchase agreements for its native token to prospective validators. Applications for the funding round will be accepted April 2-10 through the CoinList platform, marking its first public token sale in the United States since 2019. The round is only available to accredited investors. According to the protocol, only validators currently serving the high-throughput Solana, Celestia, Sui, Aptos, and Avalanche networks are eligible to apply. Interested parties are invited to submit bids declaring a per-unit token price and maximum budgets, which will be aggregated to determine the final sale price offered to the participating validators. A diagram of the DoubleZero validator funding round process. Source: CoinList In a statement to Cointelegraph, Austin Federa, co-founder of the Double Zero protocol and former Strategy lead at the Solana Foundation, said: "The DoubleZero CoinList sale is a first-of-its-kind opportunity for the validators who are already securing the most performant and distributed blockchains. It opens access to infrastructure that will power the next generation of distributed systems." "This industry has seen huge investment and innovation at the top of the stack — it is time to revolutionize the physical infrastructure layer powering high-performance distributed systems,” Federa said in the statement. The funding round comes amid a recent uptick in capital fundraising from crypto firms and crypto venture capitalists — suggesting that the market has room to grow in 2025. Related: Crypto VC giant targets $1B for new funds, expects oversubscription — Report DoubleZero protocol targets mainnet launch in the second half of 2025 The DoubleZero Protocol is aiming to launch its mainnet during the second half of 2025 following a successful $28 million fundraising round completed in March. Crypto venture capital firms Multicoin Capital and Dragonfly Capital led the previous fundraising round. First page of the DoubleZero Protocol white paper. Source: DoubleZero DoubleZero aims to increase the speed and communication of blockchain networks by using a dedicated network of fiber optics to provide the physical infrastructure for high-speed, low-latency blockchain connectivity. The focus on a dedicated fiber optic network for higher speeds is similar to the shift from dial-up internet that used 56K modems operating through 20th-century telecommunication infrastructure to broadband systems in the early 2000s. Magazine: Is measuring blockchain transactions per second (TPS) stupid in 2024? Big Questions
Fidelity Investments has made a significant move in the cryptocurrency space, enabling clients to invest in Bitcoin, Ethereum, and Litecoin through individual retirement accounts (IRAs). The launch of crypto IRAs
Clients will also be able to include Litecoin in individual retirement accounts.
Juan Leon, Senior Investment Strategist at Bitwise, has boldly stated the trajectory of spot Bitcoin Exchange Traded Funds (ETFs). Leon pointed out that institutional investors and financial advisors invested heavily in Bitcoin ETFs in the first quarter of 2025. Even though Bitcoin price was struggling, falling by 13%, the investment funds raked in over $1 billion in inflows. However, retail traders lost interest due to volatility and broader market challenges. Big investors remained confident, focusing on long-term momentum, especially with the President Trump administration supporting Bitcoin . Leon believes Bitcoin ETFs could see over $3 billion in inflows in the second quarter of 2025. The Role of Arbitrage in ETF Inflows The large inflows into Bitcoin ETFs were not just from investors looking to buy Bitcoin at a low price. A big portion of it came from a trading strategy called arbitrage strategies . In this strategy, institutions buy Bitcoin ETFs while still betting against Bitcoin’s futures prices on the Chicago Mercantile Exchange (CME). This allows investors to earn returns without worrying about Bitcoin’s price swings. This trading strategy was very profitable in late 2024, and even in early 2025, it remained better than the risk-free investment. However, the return has now dropped to around 5%, which could reduce the amount of money flowing into ETFs through arbitrage. Still, many experts think Bitcoin ETF adoption is just getting started. Nate Geraci, president of the ETF Store, believes that as more big investors get comfortable with Bitcoin, Bitcoin ETFs may see more inflows throughout the year. Experts Believe Institutional Adoption Will Grow While institutions have started investing in Bitcoin ETFs, their current allocations are still small compared to their overall ETF investments. BlackRock CEO Larry Fink recently noted that most Bitcoin ETF investments still come from retail investors. However, Fink believes that may change soon as the U.S. government and regulators take a more favorable stance on Bitcoin. At a recent ETF conference in Las Vegas, a survey found that 57% of financial advisors plan to increase their allocations to crypto ETFs this year. Bitcoin as a Safe Haven in an Uncertain Economy Another factor that could drive Bitcoin ETF inflows in Q2 2025 is economic uncertainty. When fears about a possible recession increase, Bitcoin could become more attractive as “digital gold.” David Siemer, CEO of Wave Digital Assets, believes big investors will keep putting money into Bitcoin this year. He said some short-term traders might sell if prices stay low, but long-term investors will continue buying. He also pointed out that institutions’ interests are growing, which could increase demand for Bitcoin ETFs in the coming months. The post Bitcoin ETFs To See Strong Inflows in Q2 2025 Despite Price Struggles appeared first on TheCoinrise.com .
L2 chains have drawn significant liquidity and users from Ethereum, but they barely contribute to the L1 chain in terms of burn rate. Even the biggest L2 chains are not burning any ETH, adding to the network’s inflation. L2 chains are still running on Ether (ETH) virtually for free. The extremely low gas price conditions and no demand for block fees means the daily burn of ETH has slowed down even more. The outflow of revenues for Ethereum is just one of the factors affecting the network. DeFi is also shifting toward L2 and other chains, as Ethereum now carries just 51.3% of all value locked, down from over 53% in the past week. Ethereum carried over 60% of TVL in 2024, starting a trend of outflows from DeFi and DEX activity. A handful of L2 have indeed managed to take some of the traffic off Ethereum, but have left the L1 in a weakened state, with all metrics going down in the first quarter of 2024. Ethereum gains even smaller rent payments from L2 During peak times in 2024, L2 chains led to the burn of 261 ETH per day, adding to the extremely low network inflation. In 2025, a total of around 602 ETH gets burned every day, but the blob fee contract is not among the leading gas burners. Blob fees now burn 17.91 ETH in a whole week, as L2s does their best to avoid paying blob fees. Even on busy days, L2 protocols pay only a few thousand dollars to the Ethereum L1, with fees often going down to zero. L2 paid near zero fees to Ethereum in the past few weeks. | Source: GrowThePie Currently, the busiest network is still Base, with the biggest number of on-chain users and activity. The chain still pays $6.41K on a busy day, with near-zero payments in the past week. Base has more than $109K in daily revenues, most of it retained for the chain’s own validators and app producers. Even Arbitrum paid less than $400 per day for all of its activity, despite being one of the top L2s with the biggest DeFi sector. The low rent from L2 coincides with an ongoing period of low gas fees for Ethereum. Currently, fees are back down at $0.02 for basic transactions, though rising to $0.48 for swaps. Ethereum is still widely used for stablecoins, which have flowed out of Arbitrum. Ethereum is still used to transfer USDT directly, to avoid additional bridging fees. Are L2 cannibalizing Ethereum? The initial launch of L2 chains led to significant token burns, with up to 10K ETH destroyed per day. The early stage of L2 also led to airdrop point farming, which boosted volumes temporarily. L2 did manage to achieve cheap transactions, taking some of the volume off Ethereum. However, the chains continued to extract value from end users while paying back as little as possible to Ethereum. Additionally, years after introducing L2 scaling, most chains are still relatively centralized. Only Arbitrum and Optimism have a Stage 1 status with partially decentralized transaction approval. All other chains rely on a centralized transaction sequencer, which poses risks for attacks or censorship. L2 chains are also rarely cross-compatible and require a complex and risky ecosystem of bridging. Most L2 claim they are Ethereum maximalists, but only tap the available liquidity while running as an independent business chain. Most L2 also have varying use cases, with some specializing in specific forms of DeFi. For now, L2 chains are extremely fragmented and often create cultures and communities widely diverging from the ideas of Ethereum. Most of the activity is still concentrated within the top 5 L2 chains, while there is a total of 152 new networks that have the option to post on the Ethereum chain. The different types of L2 include optimistic rollups, ZK rollups, Validium, Optimum chains and legacy chains with no proofs such as Polygon. Legacy chains such as ImmutableX and Polygon are key to the Web3 ecosystem, while newer chains have negligible activity and in some cases, only carry assets worth less than $1,000. The launch of new L2 was often tied to fundraising and token sales, but the past few years showed that demand for those types of chains is still extremely limited. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More