The Bitwise Salana staking ETF started trading on the New York Stock Exchange exactly one week ago. And according to Faxet, the ETF saw inflows of $417 million over the past week, and Bitwise is reporting $67 million of inflows yesterday alone. Now that it has been exactly one week since its launch, how would you say this new ETF is performing so far.>> I think it's been a fantastic launch. Investors were clearly hungry for Salana exposure in a simple staking spot ETF and they've been buying BOL in droves. ...

So, um, let's talk about some of the recent action first of all, because we've had that a lot of volatility. We had the so-called crash in Bitcoin, a mini crash in Bitcoin, but more so in a lot of the other crypto coins a couple of weeks ago. What does that tell us about kind of where we are in the crypto cycle.>> Yes. Well, of course, uh, you know, 2025, uh, had been and still has been a a fairly positive year to date. Um but that uh episode uh on the 10th, Friday the 10th last week um shone a light I thin ...

Market Trends & Cryptocurrency Performance - Bitcoin fell to the $18,000 level, Ether traded just above $3,900, and Ripple's XRP fell by 2.36% [2] - Paxos accidentally minted $300 trillion worth of PYUSD due to a technical error but burned the excess tokens immediately [3][4] - BlackRock reconfigured its Select Treasury-based liquidity fund to comply with the Genius Act, potentially serving as a reserve asset for stablecoin issuers [5][6] Acquisitions & Expansion - Ripple acquired GT Treasury for $1 billion to bring blockchain infrastructure to corporate finance [2] - Kraken acquired a derivatives exchange (a CFTC licensed designated contract market) from IG Group for $100 million, expanding its global trading infrastructure [7][8] - Kindly MD merged with Nakamoto Holdings, a Bitcoin investment company [8][11] Regulatory & Political Landscape - The Genius Act became law in July, marking a major piece of crypto legislation [5][31] - A market structure bill and a Bitcoin-specific bill are on the horizon, addressing taxes and mining in the United States [35][36] Digital Asset Treasury (DAT) Strategies - The digital asset treasury space is relatively young, with the market scrutinizing these plays and seeking differentiation in strategies [11][12][13] - Companies are exploring unique approaches, such as targeting international markets, focusing on specific asset categories, or rolling up operating businesses [14][15] - The industry anticipates significant growth in institutional investment in Bitcoin over the next decade [29]

Stablecoin & Cryptocurrency Market Dynamics - The stablecoin Tether's market capitalization could potentially surpass Bitcoin's [1] - Tether is described as a tokenized dollar, suggesting its potential to become a dominant digital currency [1] - The growth of Tether could occur at the expense of Euro dollar deposits and traditional banking systems outside the US [2] - The US administration may have the goal of promoting the use of Tether [3] Potential Value Capture - An increase in Tether's circulating supply from 200 billion to 2 trillion (an incremental 1800 billion) would result in enormous value capture for Tether [4] - Crypto equities might perform better than expected due to blockchain utilization [4]

$TRWAThe stable coin narrative growing stronger, connections with the UAE government, royal family and ties to BlackrockI think this is going to be a top performer next few months https://t.co/u04Z4eMbZ4 ...

Stablecoin Narrative - $TRWA is positioning itself significantly as the stablecoin narrative expands [1] - The company is establishing connections with the UAE government [1]

Sure is. I mean, there's a presumption that you just have unlimited amount of cash to do anything. Uh, I would then, by the way, what they say behind the scenes is unlimited amount of cash to go pay Jensen Wong and Nvidia.Uh, because that's the big piece of it. I think that we've seen some studies, some trade journals this week told you about the leap that the new Nvidia chips have given and how much money you make if you get them. Paul, I am not concerned.This is not 2000. corning which was deep in the 200 ...

Partnerships & Alliances - OpenVPP is partnering with Circle, the second largest stablecoin issuer globally [1] - OpenVPP joined the Circle Alliance Program [1] Industry Focus & Market Opportunity - OpenVPP operates in a $10 trillion industry, positioning it as a potentially significant player [1] - The company aims to bring energy markets on-chain to support AI, BTC mining, and EVs [1] - The company is focusing on the convergence of the Internet of Money and the Internet of Energy [2] Growth Potential - The company is considered a bullish altcoin with the potential to reach multi-billion dollar valuation [1]

Market Trends & Cryptocurrency Performance - Bitcoin price decreased nearly 2% to $112,186, after falling to $110,000 level over the weekend [2] - Ether price fell under 4% to $4,600, after rising to a fresh record yesterday of $4,95481% [2] - Bitcoin and Ether erased gains from Friday after Jay Powell hinted at upcoming rate cuts [1][3] - Ether has been leading the crypto market for several weeks due to regulatory tailwinds and a boom in interest in tokenization [4] New Products & Services - Gemini launches an XRP credit card, allowing customers to earn up to 4% back in XRP on fuel, EV charging, and ride share purchases [1][5] - Gemini is expanding access to Ripple's stable coin, RLUSD, as a base currency for all spot trading pairs for US users [6] - Gayscale is moving forward with plans to convert its Avalanche Trust into a spot ETF [7] - Wyoming is launching its own US dollar-backed stable coin called the Frontier Stable token [14] Wyoming as a Crypto Hub - Wyoming has enacted more than 50 crypto-specific laws [9] - Approximately 5,000 companies have domiciled in Wyoming to take advantage of its digital asset laws [13] - Crypto exchange Kraken has moved its headquarters to Cheyenne [16] - Wyoming saw a more than 65% drop in inflation-adjusted tech wages over the last decade [20]

Today, Bitcoin climbs after Fed Chair Jay Powell indicated that conditions may warrant rate cuts. Crypto exchange Gemini secures a license to operate in the EU. And speaking at the Wyoming blockchain symposium, Kraken's Jonathan Yahim explains how regulatory advancements for digital assets in the US are impacting the crypto exchange.[Music] Welcome to CNBC's Crypto World. I'm Mackenzie Sagalos. Crypto prices and stocks are jumping to end the week after Fed Chair Jay Powell suggested a possibility of rate cu ...