Market Dynamics - ETF 的便捷性，特别是 staking ETF 的出现，降低了 DAT 的吸引力 [1] - 机构投资者对这些加密货币的供应增加，相对于需求而言，DAT 需要承担更高的风险才能保持竞争力 [1] - SEC 批准 ETF 的通用上市标准，为数字资产上市铺平道路 [1] Competitive Strategies - 更多资本将流入 DeFi 领域 [1] - 时间线压缩，规模较大的 DAT 公司更有可能吞并规模较小的 DAT 公司 [1] - DAT 公司可能加速收购小型、能产生收入的初创公司 [2] - 部分 DAT 公司可能采取激进策略以保持竞争力 [2] Risk Assessment - mNAV 压缩可能加速 [2]

trillionszoomer (@zoomerfied):[ ZOOMER ]SEC APPROVES GENERIC LISTING STANDARDS FOR ETFS, PAVING WAY FOR DIGITAL ASSET LISTINGS WITHOUT EXPLICIT APPROVAL: FILING ...

🚨 BIG: The SEC has approved generic ETF standards, a move that could pave the way for digital asset ETFs. ...

JUST IN: 🇺🇸 SEC approves generic ETF listing standards, clearing path for digital asset listings without individual approval. ...

Core Viewpoint - Bullish, a digital asset exchange operator backed by billionaire Peter Thiel, has received approval for spot trading and custody services in New York, marking a significant step in its global compliance strategy [1] Group 1: Regulatory Approval - Bullish US Operations has been granted a Virtual Currency Business Activity License by the New York State Department of Financial Services [1] - The approval includes a BitLicense and a Money Transmission License, enhancing Bullish's regulatory framework [1] Group 2: Financial Performance - Bullish went public on the New York Stock Exchange last month, becoming one of the most anticipated IPOs of the year [1] - The company has arranged to receive $1.15 billion in issuance proceeds in the form of stablecoins [1] - Analysts project that Bullish will report revenue of $55.75 million in Q2 2025, with an expected loss of $0.05 per share [1]

Core Insights - Safety Shot, Inc. has appointed three new directors with expertise in venture capital, financial due diligence, and Bitcoin mining to support its growth strategy [1][2][3] - The new board composition will consist of seven members, with a majority aligned with the company's subsidiary, BONK Holdings LLC [2] - The company aims to bridge traditional public markets with the digital asset ecosystem and is focusing on acquiring revenue-generating assets in the DeFi space [3] New Board Members - Connor Klein, an investment partner at New Form Capital, has a background in financial infrastructure, real-world assets, and DeFi, previously working at Morgan Stanley and a crypto payments startup [4] - Stacey Duffy is a financial due diligence expert with experience in complex transactions for corporate and private equity clients, having worked at Alvarez & Marsal and KPMG [4] - Jamie McAvity, co-founder and CEO of Bitcoin mining company Cormint, has scaled operations to 130MW and has been recognized for efficiency in Bitcoin mining [4] Strategic Direction - The appointments are intended to enhance the company's capabilities in digital assets and high-growth operations, particularly in relation to BONK Holdings [2][3] - The CEO of Safety Shot emphasized the importance of the new directors' expertise in executing the company's vision and unlocking the value of its beverage division [3]

Core Insights - Bullish has received a BitLicense and Money Transmission License from the New York State Department of Financial Services for its U.S. digital asset trading and custody business [1] Company Summary - Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services [1]

Core Viewpoint - Voyager Digital Ltd., once a prominent crypto lender, is back in the news following a $750,000 fine imposed on co-founder Stephen Ehrlich by the CFTC for misleading customers and operating a fraudulent trading platform [1][2][3]. Group 1: Company Background - Voyager filed for Chapter 11 bankruptcy in July 2022 after a liquidity crisis triggered by the collapse of crypto hedge fund Three Arrows Capital [2]. - The CFTC's lawsuit against Ehrlich and Voyager was initiated on October 12, 2023, alleging fraudulent operations [2]. Group 2: Regulatory Actions - The CFTC fined Ehrlich $750,000 and barred him from participating in commodity trading for three years [1]. - Regulators stated that Voyager misrepresented itself as a "safe haven" for digital assets, offering assurances similar to traditional financial institutions while actually lending out billions in customer funds to high-risk third parties [3]. Group 3: Legal Settlements - Ehrlich did not admit or deny the CFTC's allegations but expressed relief at the resolution of the matter [4]. - In addition to the CFTC settlement, Ehrlich previously settled with the Federal Trade Commission, agreeing to pay $2.8 million over claims that he falsely assured customers that Voyager deposits were insured by the FDIC [4]. Group 4: Ongoing Legal Issues - A separate lawsuit against billionaire Mark Cuban and the Dallas Mavericks is still ongoing, related to their promotion of Voyager as a safe investment option for cryptocurrency [6].

🚨JUST IN: STANDARD CHARTERED WARNS DIGITAL ASSET TREASURIES FACE A VALUATION CRUNCH AS MARKET NET ASSET VALUES (MNAVS) COLLAPSE ...

A glowing onigiri emblem anchors a neon bridge of blockchain rails linking San Francisco’s skyline to Tokyo Tower and a torii-framed bay, as coins flow into a rising venture pool Credit Saison, Japan’s third-largest credit card company, said Monday it is creating a new venture fund to back early-stage blockchain firms working in the real-world asset sector, according to local media reports. The vehicle, known as Onigiri Capital, has raised $35 million so far from Credit Saison and other backers and, acco ...