Market Trends & IPOs - Bullish is targeting a valuation of over $4 billion in its US IPO, aiming to raise around $630 million by listing 20 million shares at up to $31 each [4][5] - Bernstein suggests the SEC's Project Crypto could bring innovation back to the US and foster the development of super apps [6][7] - Digital assets and crypto-focused stocks started August in the red due to President Trump's tariffs and weak jobs data [8] Cryptocurrency Performance & Institutional Adoption - Bitcoin increased less than 05%, trading at around $114,000, while Ether rose more than 4% [3] - Bitwise CIO Matt Hogan notes that institutional adoption is a key theme driving crypto, and any pullback should be viewed as an opportunity [9][11] - Ether saw significant ETF inflows and accumulation by ETH treasury companies, contributing to its nearly 50% jump in July [12][13] Stablecoins & Tokenized Assets - The US government projects stablecoins could grow from $250 billion to $3 trillion by 2030, representing a potential 12x increase in the market [21] - Stablecoins are expected to fundamentally change payments, making money frictionless, global, and instant [23][24] - SEC's Project Crypto aims to modernize securities regulations for crypto-based trading, potentially onshoring innovation [27][28] SEC & Regulatory Environment - SEC's Project Crypto is viewed as a generational opportunity to upgrade America's financial infrastructure [19] - SEC Chair Paul Atkins aims to update antiquated agency rules to unleash the potential of on-chain software systems [6]
Bitcoin and ether rebound as investors grapple with U.S. economic uncertainty: CNBC Crypto World
CNBC Television·2025-08-04 19:49