Cryptocurrency Industry - Pi Network's first ever $PI coin ETP launch may signal institutional adoption [1]

Cryptocurrency Industry - Pi Network's first ever $PI coin ETP launch may signal institutional adoption [1]

RT BSCN (@BSCNews)🤯 PI NETWORK'S FIRST EVER ETP - Is the launch of @PiCoreTeam's very first $PI coin ETP a signal of institutional adoption...? ⬇️ https://t.co/FVvquATnGn ...

Core Insights - Ethereum is experiencing a bullish momentum driven by improving fundamentals, a spike in demand, and a declining supply, as reported by digital asset bank Sygnum [1] - The price of Ethereum has surged approximately 140% since the Pectra upgrade, outperforming Bitcoin and Solana, attributed to the successful execution of the upgrade [2] - The launch of spot Ethereum ETFs in July 2024 led to significant demand influx after the SEC clarified that staking services are not securities offerings [3] Demand and Supply Dynamics - Ethereum ETFs have accumulated $27.73 billion, representing about 5.31% of Ethereum's market capitalization, while digital asset treasuries (DATs) have gathered $16.02 billion [4] - Staking services have removed nearly 30% of Ethereum's supply from circulation, contributing to the supply shortage [4] - Additional demand sources include DeFi, real-world assets, and rollups, indicating a broader interest in Ethereum beyond ETFs and DATs [5] Future Outlook - Analysts suggest that Ethereum is poised for further growth unless hindered by economic or regulatory challenges, with upcoming upgrades and rising institutional adoption reinforcing its position [6] - Market sentiment is cautiously optimistic, with around two-thirds of users on the prediction market Myriad expecting Ethereum to exceed $5,000 this year [6]

Offchain revenue 🤝 Chainlink Reserve 🤝 Onchain revenueInstitutional adoption → Offchain deal revenue → Chainlink Reserve https://t.co/K8uSlVBYvD ...

Institutional Adoption - Institutional adoption is "catching fire" [1] Market Analysis - Investment Strategist @Vetta_Fi Cinthia Murphy breaks down institutional adoption [1]

Someone call CNBCPublic companies are quietly turning Solana into a treasury asset, & earning yield while they do it.* ~1% of SOL supply* 8 entities tracked so far with >1000 SOL in their treasury* Multi-sector from mining to pharmaFollow @ReserveSolana for updates 👇Solana Reserve (@ReserveSolana):🚨 BREAKING: The first institutional SOL holdings tracker is LIVE!Strategic SOL Reserve (SSR) is the Bloomberg Terminal for Solana institutional adoption 📈🧵 What makes SSR revolutionary ⬇ https://t.co/Tz9ylYPCFj ...

Group 1: Market Performance - Both Bitcoin and XRP are nearing all-time highs, with significant price rallies over the summer and analysts increasing future price targets [1] - Historically, August has been a poor month for Bitcoin, with average returns slightly negative at -0.23% and a median return of -8% [2][3] - The correlation between Bitcoin and XRP is high at 0.88, indicating that they typically move in tandem [5] Group 2: Investment Outlook - If Bitcoin declines in August, XRP is likely to follow unless it can decouple from Bitcoin [6] - Long-term investment strategies should consider a horizon of three to ten years, where Bitcoin shows strong institutional adoption [7][8] - Bitcoin is favored over XRP due to its stable demand and strategic positioning in investment portfolios, while XRP is viewed as more speculative [9][10] Group 3: Recommendations - Given the long-term outlook, Bitcoin is considered the better investment choice in August, despite potential short-term price declines [11]

Harvard's endowment now owns $100+ million of bitcoin.Just another data point that shows bitcoin is coming to every endowment, hospital system, pension fund, and charitable foundation.Institutional adoption has barely begun.Bitcoin is the best idea of our generation. ...

Market Trend & Investment Opportunities - The crypto market is expected to rally strongly in August, despite it historically being the worst month for crypto [1] - Dips in Bitcoin price are expected, but investors are well-placed to take advantage of pullbacks due to institutional adoption [2] - Any sign of weakness should be seen as an opportunity, with a potential for a strong September, October, and November in crypto [3] - Bitcoin is seen as immune to currency debasement and inflation due to its finite supply, while global M2 money supply continues to hit new highs [5][6] - Ethereum usually performs well in August after a Bitcoin halving, potentially reaching $5,000 [6][7] Ethereum Analysis - There is insane ETH buying happening, with almost $3 billion worth of ETH accumulated [1][8] - Publicly traded companies are actively trying to accumulate ETH at the lowest cost basis [8] - Tom Le's Bit now holds over $3 billion of ETH, aiming to accumulate 5% of the supply [9] - Ethereum's fundamentals are strong, but it has not surpassed all-time highs yet, remaining under $4,000 [10] - Ethereum treasury companies may push ETH to new highs, but there's a risk of pulling forward demand, potentially leading to a bearish narrative later [15][16] Cardano News - The Cardano community approved a $71 million treasury spend for network upgrades, focusing on scalability, developer experience, and interoperability [27][28]