Today, Bitcoin climbs to kick off the week after hitting a new all-time high above $125,000. Galaxy Digital unveils a Robin Hoodlike trading platform. And ETO's global market analyst, La Akoner, weighs in on what's behind Bitcoin's jump to a new record.Welcome to CNBC's Crypto World. I'm Brandon Gomez. Major cryptocurrencies in the green to kick off the week with Bitcoin trading close to its new all-time high.As of noon Eastern, Bitcoin traded at $125,000 after reaching a new record around $125,700 just thi ...

Market Overview & Flows - The bull case for crypto, particularly Bitcoin and Ethereum, is primarily driven by significant inflows observed in the past year, expected to continue [1][2] - ETF flows are identified as the primary catalyst for price movements in both Bitcoin and Ether [2][3] - Digital asset treasuries also contribute to inflows, although their consistency depends on the premium at which their stock is trading above their NAV [2] Correlation & Macroeconomic Factors - Bitcoin's correlation with gold has increased, aligning with its perception as "digital gold" due to its limited supply [3][4] - Equity markets and overall risk appetite remain the primary determinants on the macro side for both Bitcoin and Ethereum [4] Risks & Sentiment - The biggest risk to the bullish forecast for Bitcoin and Ether is a change in sentiment driven by the macroeconomy, particularly a downside in equity risk [5][6] - A downturn in equity markets could reduce inflows and negatively impact prices due to the sentiment-driven nature of Bitcoin and Ethereum [6] Price Targets - The 12-month forecast for Bitcoin is $181,000 and for Ether is $5,400 [5]

Digital Asset Treasuries - Panel discussion at @token2049 focused on the rise of digital asset treasuries [1] Key Participants - @ethereumJoseph joined @fundstrat, @SamirTabar, and @cosmo_jiang on the panel [1]

Group 1: Bitcoin Market Insights - Bitcoin is described as the "canary in the coal mine" due to its sensitivity to liquidity among global macro assets [2] - Bitcoin reached an all-time high of $124,457.12 on August 14 but has recently experienced a downturn [2] - The market is in a critical phase, with potential recovery if investors return within the next three weeks, with a possible price range of $140,000-$160,000 [3] Group 2: Long-term Predictions - Previous predictions suggested Bitcoin could reach $250,000 to $300,000 by the end of the cycle, with potential to stretch to $300,000-$400,000 based on institutional inflows [4] Group 3: Altcoin Market Dynamics - Altcoins are facing competition from public equities and Bitcoin-related wrappers, leading to a lack of an altcoin season [6][7] - There has been some momentum towards Ethereum and Solana recently, but it is not comparable to past cycles [7]

M&A Opportunities - The digital asset treasury market is expected to consolidate, with potential for M&A activity due to an unsustainable number of treasuries (30-40) [1] Capital Markets Arbitrage - Digital asset treasuries are exploring opportunities to obtain bank loans at approximately 5%-6% interest rates [1] - These funds could then be deployed in Solana DeFi to potentially earn returns close to 15% [1]

Market Trends & Industry Dynamics - Standard Chartered warns digital asset treasuries (DATs) face a valuation crunch as mNAVs collapse [1] - Many smaller firms risk a "death spiral" in the digital asset treasuries sector [1] Investment Opportunities & Potential Risks - Major players like Strategy (MSTR) and Bitmine (BMNR) may gain from consolidation in the digital asset treasuries sector [1]

Investment Focus - Dragonfly is focused on digital asset treasuries [1] - Dragonfly is focused on ongoing prediction market meta [1] Industry Insights - The discussion covers Rob Hadick's views on digital asset treasuries [1] - The discussion covers ongoing prediction market meta [1] Target Audience - The information is helpful for investors and VCs [1]

Company Strategy - CryptoCom CEO Kris 在 AMA 中讨论了 Trump Media Group 的 CRO（首席风险官）策略的独特性 [1] - 报告重点关注 Trump Media Group 在数字资产管理方面的策略 [1]