Stablecoin startups surpass 2021 venture capital peak as institutional money pours in https://t.co/BPSWiOpEky ...

blackrock bought another 22,550 ETH yesterday. whales grabbed almost 1M ETH in a single day, biggest buy since 2018. ETFs crossed $4B total.ethereum processes more stablecoin volume than every other chain combined and generates $7.3B in annual feesand we're getting 6 second blocks in... 2026developers debating timeline tradeoffs for an upgrade that gets us to where solana was 4 years ago. bit digital raising $150M to go all in on ETH staking. new treasury companies planning $2B deployments.network hitting y ...

Core Viewpoint - ARK Innovation ETF (ARKK) has experienced significant gains in June, rising approximately 23% and becoming the best-performing ETF of the month [1] Group 1: Performance Drivers - The rally in ARKK is primarily driven by substantial increases in key stock holdings, notably Circle (CRCL), which surged nearly 750% following the U.S. Senate's passage of the GENIUS Act, accounting for 5.2% of the ARKK portfolio [2] - Coinbase (COIN) saw a nearly 30% increase after announcing plans for its own stablecoin, representing 9.6% of ARKK's assets [3] - Tesla (TSLA), ARKK's largest holding at 9.9%, benefited from excitement around autonomous driving and launched its driverless robotaxi service, leading to a share price increase of up to 10% [4] - Palantir Technologies (PLTR) shares rose 8.4% this month, driven by enthusiasm for generative artificial intelligence, with PLTR holding a 4.4% share in ARKK [5] Group 2: Strategic Reallocations - Cathie Wood, CEO of Ark Investment Management, remains optimistic about emerging technologies, emphasizing a shift towards innovation platforms such as AI, robotics, and blockchain [6] - ARKK acquired over 128,000 shares of NVIDIA (NVDA) valued at approximately $18.5 million, reflecting a commitment to next-generation computing amid geopolitical uncertainties [6] - The fund also purchased more than $30 million in BWX Technologies (BWXT), indicating a strong bet on nuclear energy, coinciding with favorable legislative conditions in the U.S. [7] - ARKK expanded its stake in Advanced Micro Devices (AMD) by acquiring 247,753 shares worth about $31.4 million, highlighting ongoing confidence in AI and semiconductor sectors [8] Group 3: Fund Overview - ARK Innovation ETF is actively managed, focusing on companies benefiting from technological advancements in areas such as DNA technologies, automation, and AI, holding a total of 40 securities [10] - The fund has an asset base of $6.4 billion and charges an annual fee of 75 basis points, with an average daily trading volume of 12 million shares [11] Group 4: Market Position - ARKK has rebounded significantly after a decline of 82% from its 2021 peak, currently up 23.8% year-to-date, outperforming the broader market fund (SPY) which gained 4.1% [12] - The recent rotations in the fund reflect a refined focus on scalable disruption, positioning ARKK as a key player in the evolving tech-driven investment landscape [12]

institutional investors are paying attention to the growth of the @ethereum economy https://t.co/lom9vtXXV1Token Terminal 📊 (@tokenterminal):🌐⛓️ ETHEREUM GDPCompanies & DAOs on @ethereum generated ~$7.3 billion in fees in the past 365 days.Top 5 market sectors: stablecoin issuers, liquid staking, lending, DEXs, and RWA issuers.Top 10 companies & DAOs: @Tether_to @circle @LidoFinance @Uniswap @aave @flashbots_x https://t.co/E5aNzPB9II ...

Core Viewpoint - The stablecoin market is thriving, but investing in Circle may not be the most advantageous choice compared to Coinbase, which generates more revenue from the USDC token [1] Group 1: Company Comparison - Coinbase is identified as a more profitable option in the stablecoin sector due to its higher earnings from the USDC token compared to Circle [1] - Circle's performance in the stablecoin market is questioned, suggesting that it may not be the best investment opportunity [1] Group 2: Market Insights - The stablecoin business is described as "hot," indicating significant interest and potential growth in this segment of the cryptocurrency market [1]

Today, Bitcoin climbs as investors focus on when we might see rate cuts from the Fed. Senator Cynthia Lumis joined CNBC Squawkbox to explain a new bill aimed at providing rules of the road for crypto. And Juval Ruse, the CEO of crypto firm Digital Asset, explains how the firm plans to use capital raised from big Wall Street names.[Music] Welcome to CNBC's Crypto World. I'm Talia Kaplan. Bitcoin on the rise again this morning as investors move past tensions in the Middle East and turn their attention back to ...

Core Insights - Retail access to cryptocurrencies is improving as platforms enhance onboarding and user experiences while aligning with regulatory standards [1] - The importance of stablecoins is growing in bridging traditional finance and the crypto space, with major banks exploring their own initiatives [2] - The investment attractiveness of Coinbase Global Inc. (COIN) and PayPal Holdings, Inc. (PYPL) is being evaluated based on their fundamentals [3] Factors to Consider for Coinbase (COIN) - Coinbase is the largest registered crypto exchange in the U.S. and is well-positioned to benefit from market volatility and rising digital asset prices [4] - The company more than doubled its total revenues in 2024, driven by increased transaction revenues and market share growth [5] - Coinbase closed 2024 with $9.3 billion in USD resources, a $3.8 billion increase year-over-year, and has improved its debt management [6] - Rising transaction and operating expenses are pressuring profit margins, and the company is highly exposed to cryptocurrency price volatility [7] Factors to Consider for PayPal (PYPL) - PayPal is a leading online payment provider with a strong product portfolio, facilitating secure transactions for customers and merchants [8] - The company allows users to buy, sell, and hold cryptocurrencies, establishing itself as a user-friendly entry point into digital assets [9] - PayPal is actively promoting its stablecoin, PayPal USD (PYUSD), and has integrated it with Solana for low-cost transfers [10] - A partnership with Coinbase enables fee-free PYUSD purchases and enhances distribution, positioning PayPal uniquely in the market [11][12] Estimates for COIN and PYPL - The Zacks Consensus Estimate for COIN's 2025 revenues implies a 5.9% year-over-year increase, while EPS estimates indicate a 61.1% decline [13] - PYPL's 2025 revenue and EPS estimates imply a year-over-year increase of 3.2% and 9.3% respectively [14][15] Valuation Comparison - Coinbase is trading at a forward earnings multiple of 59.67, while PayPal's forward earnings multiple is at 13.75, indicating a significant valuation difference [16] Conclusion - Both Coinbase and PayPal are key players in promoting stablecoin adoption and crypto payments, with distinct strategies that may lead to competitive dynamics in the market [17] - Year-to-date, COIN shares have gained 38.9%, while PayPal shares have decreased by 13.8%, suggesting COIN may be a safer investment option [18]

Fed Chair Jerome Powell testifies before the The Senate Banking, Housing, and Urban Affairs Committee on “The Semiannual Monetary Policy Report to the Congress.” ...

Group 1: Company Overview - Circle Internet Group has seen significant stock performance, with a 290% increase since its IPO on June 5, where it priced shares at $31 and opened at $69, reaching $270 [1] - The company is known for its stablecoin USDC, which is the second-largest stablecoin by market value, and also issues EURC, both backed by fiat-denominated reserve assets [3][4] Group 2: Financial Performance - Circle's revenue increased by 59% to $579 million in the first quarter, driven by a rise in circulating USDC, despite a decrease in reserve return rates [6] - Adjusted EBITDA rose 60% to $122 million in the same period [6] Group 3: Regulatory Environment - Stablecoins are gaining traction with regulators, with the EU's MiCA framework establishing obligations for stablecoin issuers, and Circle's USDC being the only top-10 stablecoin compliant with these regulations [7][8] - The U.S. Senate approved the GENIUS Act, which aims to protect consumers and impose rules on stablecoin issuers, including full reserve backing and monthly disclosures [9] Group 4: Market Potential - The stablecoin market is projected to grow significantly, potentially reaching $2 trillion, with estimates suggesting a rise from $260 billion to $500 billion by the end of 2026 [10] - Long-term annual revenue growth for Circle is estimated at 25% to 30%, bolstered by the launch of the Circle Payments Network [11] Group 5: Valuation - Circle's revenue over the trailing 12 months totaled $1.9 billion, with a market capitalization of $57 billion, resulting in a price-to-sales multiple of 30, which is considered expensive [12] - Analyst Jeff Cantwell has set a target price of $235 per share, indicating a potential downside from the current price of $270 [13]

Core Viewpoint - Guotai Junan International has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, allowing clients to trade cryptocurrencies and stablecoins directly on its platform [1][5]. Company Summary - Guotai Junan International is now the first Chinese broker in Hong Kong to offer comprehensive virtual asset trading services, including trading, advisory, and issuance of related products [5]. - Following the announcement, Guotai Junan International's stock surged over 60%, with an intraday increase exceeding 100% [1][5]. Industry Summary - The approval for virtual asset trading is expected to significantly enhance the valuation of financial companies involved in stablecoins, as seen with Everbright Holdings, which saw a stock price increase of over 50% due to rumors of its stake in Circle [4][5]. - Stablecoins are anticipated to transform the role of brokerages from mere transaction facilitators to asset securitization engines and cross-border clearing hubs, which could positively impact their valuations [4][6]. - The current stablecoin market is valued at approximately $220 billion, with projections suggesting it could grow eightfold to $2 trillion in the next three years, potentially influencing the short-term treasury market significantly [8].