Bitcoin is hitting a new record this morning. It could be the start of a longer bull run. CNBC's Tana Mackil is looking into that and joins us now.Hi Tana. Hi Contessa. Yeah, just flying through those records.Investors did expect this in the second half given the institutional demand and regulatory tailwinds we've seen in my conversations. It's hard for many to identify downside risk. And historically July and the fourth quarter are very strong periods for Bitcoin.So this started after the Fed minutes Wedne ...

Market & Policy Landscape - Markets favor certainty, and with the budget resolved and some tariff issues addressed, the environment is becoming clearer [3][4] - The venture market is showing signs of renewed liquidity after four years of stagnation, driven by a more friendly FTC, encouraging IPOs and M&A [5] - Tech regulation primarily occurs at the state level, often overlooked in favor of federal politics [9] Crypto & Digital Assets - The market momentum of crypto makes it difficult to assess using traditional logic [11] - The acceptance of crypto by the federal government, including banks' involvement in stablecoins, raises questions about future growth potential [12] - Proactive positive movements by the SEC and the White House on crypto suggest further bullish potential [13] Regulatory Environment & Industry-Specific Issues - Deregulation by the Trump administration could resolve regulatory issues, contrasting with the hands-off approach of the Biden administration [8] - The Genius Act, a stable coin act, has passed the Senate but awaits House approval, with the market potentially pricing it in [6] - Autonomous trucking faces regulatory hurdles, with the US DOT yet to issue sensible interstate regulations [8]

Well, look, I think as the crypto industry has emerged from kind of the last administration where the industry was being attacked, working with the most trusted, the most, you know, well- reggulated and even the best capitalized partners is a way to continue to build trust in this system. And stable coins at their core by their nature, it's, you know, a dollar backed with a dollar in deposits. uh BNY Melon has you know for a very long time been amongst the most trusted partners out there for uh as a custody ...

If you're buying Bitcoin today, it's still early. But Ethereum is really important, too. Something strange is going on in crypto today.Bitcoin seeing a sharp sell-off with many people saying that this is as unnatural as it gets. Very confusing what's going on today in crypto until you see who's really behind this. They say Satoshi is moving his coins, but they're just saying that.They don't really know what we know. Make sure you subscribe to Altcoin Daily for daily crypto videos just like this. We've disco ...

Today, Ether climbs after it was revealed US payrolls increased more than expected last month. As the crypto elite flocked to Khan for ETHC, we explore how Ethereum is quietly becoming Wall Street's backend. And Michael Anderson of Framework Ventures breaks down how VCs are thinking about the stable coin space.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Crypto prices and stocks on the rise as of midday after job growth proved better than expected last month, boosted by government hiring.The labor mark ...

This is the year and the time is now for crypto to move beyond Bitcoin and memecoins and introduce fundamental utility. And that's why we're most excited about tokenization of real world assets. Real world assets with utility being live on blockchains and taking getting the benefit from everything that crypto technology has to offer.Um that's that's one. two, uh we think in the future crypto and traditional financial services will fully merge and crypto will become the infrastructure layer behind all kinds ...

Circle shares have surged nearly 500% above their recent Blockbuster IPO price on June 5th, fueled by the Senate's passage of the Genius Act, regulatory framework for stable coins. Financial services company is in focus today after a slew of analysts initiated coverage on Circle. And join me now is Owen Laauo, Oppenheimer D executive director and senior analyst who has a market perform rating on Circle and says to expect total stable coin market cap to grow to 1.6% 6 trillion in 2025.Owen, it's good to see ...

Tana, uh, Coinbase, bring us up to date. Yeah, Mike, up more than 40% in June for its best month since November. Third monthly gain in a row and first three-month rally since 2023.Not just the best performing S&P stock this month, it's also the only S&P stock to double quarter to date. Some clear themes driving the gains, including the Senate's passage of the Genius Act and Circle's successful IPO. Also, of course, it's very inclusion in the S&P 500 in late May.So, quite the debut here. Uh, this is also hap ...

Market Trends & Investment Opportunities - Financial services and crypto are converging, with Ethereum playing a crucial role [1][5] - A treasury vehicle is being created to accumulate Ethereum, aiming to secure and influence the network [1][6] - Stable coins, currently at $250 billion, could potentially reach $2 trillion, significantly impacting Ethereum network fees and dollar dominance [10][11] - The initiative is positioned as an early-stage investment opportunity, akin to getting in on Bitcoin early [1][10] - Robinhood is launching Ethereum and Solana staking for US users, aiming to surpass Coinbase in the crypto space [2] Company Strategy & Financial Details - Bitmine is undertaking a $250 million private placement, with all proceeds allocated to purchasing Ether [11] - The company's strategy revolves around the amount of Ethereum held per share, currently valued at $4 [13][14] - The company aims to increase its Ethereum holdings through yield generation, financing transactions, and appreciation in Ethereum's value [14] Ethereum's Role & Validation - Ethereum is considered the backbone of the stable coin industry [6] - Staking Ethereum is seen as a way to secure the fidelity of stable coins, particularly for entities like Goldman Sachs and JP Morgan [7][8] - Ethereum is a high-quality blockchain network, handling over 51% of stable coins and generating 30% of all fees on the Ethereum network from stable coin revenue [8]

Why don't we talk a little bit about where the markets stand overall right now. Because we're looking at both the S&P 500, the NASDAQ, and the NASDAQ 100, all closing at new highs again on Friday. It's the best quarter uh for technology since the second quarter of 2020.What's happening, and how do you see this playing out. Well, this is still the most hated V-shaped rally. And it of course has a lot to do with when stock stocks fell in a waterfall decline into April.Nobody likes to be sitting on stock. So a ...