Listen and subscribe to Opening Bid Unfiltered on Apple Podcasts, Amazon Music, Spotify, YouTube, or wherever you find your favorite podcasts. Longtime stablecoin proponent Jeremy Allaire sees a future where Circle's (CRCL) technology is embedded in the very fabric of the internet and the broader financial ecosystem. "I hope that we're part of operating a major new infrastructure layer of the internet — that we're building something that is running a substantial portion of this new economy," Allaire said ...

Company Overview - Grayscale Investments Inc 已提交 IPO 申请 [1] - Grayscale 提供超过 40 种产品，涵盖超过 45 种数字代币 [1] Assets Under Management (AUM) - 截至 2025 年 9 月 30 日，Grayscale 管理的资产约为 350 亿美元 [1] Market Opportunity - Grayscale 估计潜在市场总额为 3650 亿美元 [1]

Market Trends - South Korea's stock exchange challenger is leveraging new offerings to expand its appeal [1] - Digital tokens linked to K-pop song licenses are among the fresh offerings [1] Business Development - The challenger aims to build on its strong start with these new initiatives [1]

“Stablecoins may dazzle as the latest financial fad. But they risk destabilising finance while enriching a few.” In a guest essay, an economics professor outlines the drawbacks of these digital tokens https://t.co/xDkRR4fYqT ...

“Stablecoins will bring more risks than benefits—and alternatives exist.” In a guest essay, an economics professor and Nobel laureate explains why these digital tokens may have been misnamed https://t.co/uGEqZwdO9g ...

Crypto Regulation & Innovation - Project Crypto aims to modernize regulation for decentralized finance innovations [1][4] - The industry seeks clarity on classifying tokens as securities [1][9] - The SEC is working with the CFTC on crypto regulation, including the CFTC's "Crypto Sprint" [4] - The SEC aims to provide commission-level guidance on what constitutes a security in the crypto space, based on the Howey test [9][10] - The SEC is focused on disclosure and ensuring companies truthfully market crypto products, rather than endorsing specific investments [7] Enforcement & Oversight - The SEC has ongoing crypto-related investigations and actions [14] - The SEC receives nearly 45,000 tips, complaints, and referrals annually, with a portion related to crypto [16] - The SEC has shifted its cyber and crypto unit to a more broadly focused tech unit [15] Market Participants & Assets - Companies are exploring adding crypto to their treasury or creating new ETFs [5][8] - The industry is interested in whether tokens like Solana, XRP, or Dogecoin can be included in ETFs [8] Disclosure Requirements - Investors holding over 5% of a company's stock may require additional disclosures if they are actively directing the company [20][22]

Market Trends & Industry Dynamics - Goldman Sachs and Bank of New York Mellon are collaborating on a tokenized money product aimed at transforming the $7 trillion money market industry [1] - Stable coins are gaining traction, with Citigroup, Bank of America, and JP Morgan considering issuing their own [2] - The innovation aims to bring the $7.1 trillion money market industry to the blockchain, enhancing transferability [3] Investment Opportunities & Potential Risks - The tokenized money product seeks to offer a yield, attracting institutional players like hedge funds, pensions, and corporate treasurers [3] - Corporate treasurers may prefer tokenized money for its potential to earn a yield close to 3% to 4%, compared to holding cash at 0% [6] Product Features & Benefits - The tokenized money product aims to streamline cash management by enabling the exchange of tokens, potentially cutting steps in the process [7] - The underlying asset is well-trusted and has gained approximately $2 trillion in the last two to three years [6]

Robinhood Markets will allow European customers to trade more than 200 U.S. stocks and ETFs as digital tokens and is developing its own blockchain https://t.co/BIGJCgEFfA ...