NYDIG is calling time on what it says is one of crypto’s most persistent myths: that stablecoins are pegged to the U.S. dollar. In a post-mortem on last week’s $500 billion crypto market sell-off, the bitcoin-focused financial services firm’s Global Head of Research Greg Cipolaro pointed to the instability of supposedly stable assets like USDC, USDT and Ethena’s USDe, which dropped as low as $0.65 on Binance. The price swings revealed that these tokens don’t operate on fixed pegs, but rather that they fl ...

Core Insights - Bitcoin has a market capitalization exceeding $2.1 trillion, indicating its significance as a leading asset among investors [1] Group 1 - Bitcoin's market capitalization was higher just a few weeks ago, suggesting recent fluctuations in its value [1]

HM Revenue & Customs (HMRC) has intensified its scrutiny of the crypto sector, sending 65,000 “nudge letters” to investors suspected of underreporting or evading taxes on digital assets, more than double last year’s figure, according to The Financial Times. The data, obtained through a Freedom of Information Act request by accounting firm UHY Hacker Young, shows a 134% increase in warning notices. These letters are typically sent before formal investigations begin, urging recipients to review their filin ...

Key Points Solana and BNB both outperformed Bitcoin over the past five years. Solana is faster, but its ecosystem is smaller and its supply is rising. BNB is reducing its supply, and it’s supported by a bigger ecosystem. 10 stocks we like better than Solana › Solana (CRYPTO: SOL) and Binance Coin (CRYPTO: BNB) are both volatile cryptocurrencies, but they generated big gains for their patient investors. Over the past five years, Solana's price has surged more than 8,600% as BNB's price soared over ...

Core Insights - Several billionaire-led hedge funds have invested in the iShares Bitcoin Trust, indicating confidence in Bitcoin's future performance [1][2] - Wall Street experts predict significant upside potential for Bitcoin, with forecasts suggesting prices could reach between $710,000 and $3 million by 2030 and beyond [7] Investment Activity - Israel Englander of Millennium Management purchased 3.8 million shares, making the iShares Bitcoin Trust one of his top 15 holdings [6] - Philippe Laffont of Coatue Management acquired 56,500 shares, marking a new position in the ETF [6] - Steven Schonfeld of Schonfeld Strategic Advisors bought 247,500 shares, now his third-largest holding [6] - Tom Steyer of Farallon Capital Management added 1.2 million shares, placing it among his top 20 holdings [6] Market Performance - Bitcoin has increased by 59% over the past year, outperforming gold by 2 percentage points and the S&P 500 by 42 percentage points as of October 18 [3] - Bitcoin's current trading price is $107,000, with experts forecasting substantial future gains [3][7] Demand Drivers - Bitcoin's supply is capped at 21 million coins, making demand a critical factor for price increases [5] - The favorable regulatory environment under the Trump administration is expected to boost Bitcoin adoption, with efforts to position the U.S. as a "crypto capital" [8][9] - Spot Bitcoin ETFs, like the iShares Bitcoin Trust, have simplified investment in Bitcoin, leading to increased institutional adoption [13] Institutional Adoption - The number of large asset managers investing in the iShares Bitcoin Trust more than doubled in the second quarter, with investments increasing fivefold [13] - Institutional investors are adopting spot Bitcoin ETFs at an unprecedented rate, indicating a shift in market dynamics [13]

ok this is crazynow @humidifi_, the leading prop AMM on SOL, has started market making ZECand the execution quality is actually better than Binanceunstoppable private money meets the greatest internet capital market on earthsolana https://t.co/xgdUlrJQnimert | helius.dev (@0xMert_):this is so awesomeI can now get a better price for ZEC on Solana than on Binance (left binance, right dflow)obviously small size for testing, but very impressive for not even 24h since launchthis is why the work we do in crypto i ...

Core Insights - YouTube personality MrBeast has filed a trademark application for a cryptocurrency exchange and payment service, indicating a significant expansion into the digital finance sector [1][4] - The trademark, named MrBeast Financial, aims to provide a downloadable app for cryptocurrency exchange and payment processing services [1][2] - The application also encompasses a range of financial services, including investment banking, insurance, financial wellness education, microfinance lending, and decentralized cryptocurrency exchanges [2] Regulatory Considerations - To operate a cryptocurrency exchange or payment platform, MrBeast must register as a Money Services Business with FinCEN and obtain necessary approvals from the SEC or CFTC [2][4] - The regulatory landscape presents complexities and challenges for MrBeast's entry into the crypto industry [4] Market Influence - With a substantial following of 446 million subscribers on YouTube, MrBeast's venture into cryptocurrency could significantly impact the mainstream adoption of digital currencies [3][4] - The recent trademark application was submitted by Beast Holdings, MrBeast's parent company, and is currently awaiting assignment to an examiner [3]

Core Insights - Retail investors have collectively lost approximately $17 billion due to their investments in Bitcoin treasury companies, reflecting a decline in enthusiasm for Digital Asset Treasury Companies (DATCOs) [1][2][3] - The strategy of investing in DATCOs, which typically issue shares at a premium to their Bitcoin holdings, has backfired as market sentiment cooled and Bitcoin's price momentum faded [3][6] Company Performance - MicroStrategy's stock has decreased by over 20% since August, while Metaplanet has lost more than 60% of its value during the same period [5] - The market-to-net-asset-value (mNAV) ratios of these companies have deteriorated, with MicroStrategy trading around 1.4 times its Bitcoin holdings and Metaplanet slipping below 1.0 for the first time since adopting its Bitcoin treasury model in 2024 [6][7] Market Context - Despite a significant inflow of over $86 billion raised by global companies in 2025 for cryptocurrency purchases, Bitcoin-linked equities have underperformed compared to the broader market [4] - Nearly one-fifth of all listed Bitcoin treasury firms are trading below their net asset value, indicating a stark contrast to Bitcoin's recent peak above $126,000 [8]

Top 15 stablecoin issuers on @ethereum 👇1. @Tether_to2. @circle3. @ethena_labs4. @SkyEcosystem5. @PayPal6. @Paxos7. @Ripple8. @FirstDigitalHQ9. @usualmoney10. @worldlibertyfi11. @aave12. @tusdio13. @global_dollar14. @fraxfinance15. @capmoney_ https://t.co/fKEJyGPR0f ...

Core Insights - Digital asset ETPs reached a record $218 billion in assets under management (AUM) last month, marking the third consecutive month above $200 billion, driven by the approval of spot Bitcoin ETFs in the US and the overall strength of the crypto market since early 2024 [1][2][3] Growth Factors - The growth in digital asset ETPs is attributed to two main factors: the robust performance of the crypto market over the past couple of years, which has increased demand from both retail and institutional investors, and the recent approval of spot Bitcoin ETFs in the US, which has broadened investor exposure [3][5] - Bitcoin ETPs experienced renewed inflows in September after a brief dip, indicating strong and organic demand despite minor outflows [4][5] Performance Metrics - In September, Bitcoin's price increased by over 5%, while AUM rose by more than 6%, reflecting a 16% premium and continued institutional demand since the beginning of 2024 [5] - Ethereum ETPs maintained stability even as Ethereum's price declined, suggesting that institutional investors are diversifying their exposure beyond Bitcoin due to the credibility established by Bitcoin financial products [6][7] Altcoin Trends - Altcoin ETPs surged nearly 37% in September, driven by increased interest in Ethereum, which has historically led altcoin demand [8] - Solana and Binance Coin (BNB) are identified as the leading assets in altcoin ETP growth, with Solana having the most issuers and AUM, while BNB has shown the strongest performance [8] Future Outlook - The momentum in digital asset ETPs is expected to continue through the fourth quarter, with historical data indicating a consistent demand trend despite market volatility [9][10] - Even during significant market downturns, such as a 30% drop in Bitcoin at the start of the year, there were no substantial outflows, suggesting that these products attract long-term investors who are less sensitive to price fluctuations [10]