Company Overview & Strategy - Bakkt, a crypto trading platform, went public on the NYSE [1][2] - The company focuses on servicing institutional investors through its exchange and data business, including CoinDesk [4][5] - Bakkt allocated 6 million shares, over 20%, of its IPO to retail investors, recognizing their sophistication and potential as marginal price setters [16][17] Market Opportunity & Growth - The institutional wave in crypto has begun, driven by regulatory clarity like the GENIUS Act and Clarity Act [5][6] - The opportunity is described as "gigantic," potentially involving the tokenization of traditional assets like stocks, bonds, and real estate [8][12] - Foreign governments, like those in Europe and Hong Kong, are also bullish on the crypto space, with regulations like MiCA [15] Regulatory Landscape - Congress is pushing for regulatory clarity, urging the SEC, OCC, and CFTC to establish rules for crypto [14] - There's a belief that regulators are actively looking to promote blockchain technology due to its transparency, efficiency, and security [13] Potential Risks & Exuberance - The market's enthusiasm for crypto may be a moment of special exuberance, similar to Coinbase's IPO [10][11] - Despite the potential, the shift to tokenization of traditional assets is expected to happen slowly [12]

Regulatory Landscape - DeFi Education Fund 和 a16z 敦促 SEC 为区块链应用创建监管安全港 [1] Industry Advocacy - 行业呼吁明确的监管框架，以促进区块链技术创新 [1]

⚡️JUST IN: Paradigm co-founder Matt Huang will lead Stripe's blockchain "Tempo" as CEO while remaining at the crypto VC firm, per Fortune. https://t.co/bxACycXgCh ...

RT InvestAnswers (@invest_answers)This is all true!By FAR the most undervalued blockchain... across any metric! $SOL - thanks, @0xMert_ ...

RT growthepie 🥧📏 (@growthepie_eth)After 10 years, Ethereum's vision is clearer than ever. 👓It's not about being the world's fastest computer. It's about becoming the world's most trusted and reliable ledger.Our new, 45-page research report, in collab with @OnchainHQ, explores how we got here and where we are headed.👇🏼Link to download further down.We cover:🔸What shaped Ethereum: Key milestones that built the foundation🔹A strong Layer 1: What makes Ethereum Mainnet special and why it's the most trusted ledger ...

Overview of Arc Blockchain - Arc is a new open L1 blockchain designed for stablecoin finance, aiming to supercharge stablecoin utility [5] - The public testnet for Arc is scheduled to launch in the fall [8] Key Features and Benefits - Arc is built for USDC and other USD and non-USD stablecoins [7] - Arc is EVM-compatible, offering fast sub-second finality and low predictable fees [7] - Arc is designed for opt-in privacy and includes an FX-engine for built-in liquidity [7] - Arc aims to facilitate fast, global payments, onchain FX and 24/7 settlement, and institutional trading settlement without intermediaries [5] Vision and Motivation - The development of Arc is driven by the belief in crypto as an alternative to insufficient financial infrastructure, particularly for preserving value and enabling financial freedom [2][3] - Circle envisions Arc as a stablecoin home, connecting crypto's ideals with the financial system [6] - The goal is to create a StableFi ecosystem optimized for trust, usability, and scale, making money accessible to anyone, anywhere [5]

RT Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire)gm @arcThe open blockchain designed for stablecoin financehttps://t.co/dSOzO3FkGY ...

Blockchain & Cryptocurrency - Circle 将推出 Layer 1 区块链 Arc [1] - Arc 将使用 USDC 稳定币作为原生 gas 代币 [1]

#TRON is practicing sliding from the blockchain straight into space~TRON DAO Russian (@TronDao_RU):🌞 С добрым вторником!🛹 Сегодня #TRON тренируется скользить из блокчейна прямо в космос~ https://t.co/xL5uWb7c53 ...

Bitcoin as Digital Gold - Bitcoin benefits from instability, including market, government, and geopolitical instability, serving as a safe haven asset [1] - Diversification is key, with Bitcoin being uncorrelated to assets like NASDAQ, making it a hedge against instability [1] - If capital allocators view Bitcoin as a safe haven and instability increases, allocations could reach a few percent [7] - The industry suggests assessing the percentage of major asset managers, sovereign wealth funds, and potentially central banks with Bitcoin allocations [4] Tokenization and the Future of the Industry - Tokenization of off-chain assets (equities, commodities, funds) will lead to significant on-chain value [11][12] - Even if only 5-10% of off-chain assets are tokenized, it represents a massive success for the industry [12] - The industry anticipates that the value of tokenized off-chain assets will surpass that of Bitcoin [14][15] - Tokenization will redefine the industry, shifting focus from cryptocurrency to tokenized assets [18][19] Bitcoin's Potential Growth - The industry believes Bitcoin adoption will positively impact the broader industry [8] - If Bitcoin becomes a significant portion (e g, 50%) of sovereign wealth funds and pension funds, its value could reach tens of millions per coin [17]