Core Viewpoint - Citizens has initiated coverage of SharpLink Gaming (SBET) with a market outperform rating and a $50 price target, indicating potential upside of over 200% from its current trading price of approximately $15.45 [1] Group 1: Company Strategy and Positioning - SharpLink has emerged as a significant ether (ETH) treasury operator, actively managing its ETH assets through staking and yield-bearing strategies to enhance value over time [2] - The company aims to actively manage its ETH balance sheet, issuing equity at a premium to net asset value (NAV) or repurchasing shares when trading below NAV, while leveraging its ETH reserves for on-chain yield opportunities [3] - SharpLink's strategy is designed to position it as a market leader as ether evolves into a global financial asset, combining operational leverage on-chain with financial discipline off-chain [5] Group 2: Leadership and Valuation - Citizens assigned a premium valuation to SharpLink, highlighting the leadership of Joseph Lubin, co-founder of Ethereum, and Joseph Chalom, a former BlackRock executive, as key to scaling the treasury model [4] - The company's recent direct stock offering raised $76.5 million, priced above market, reflecting investor confidence in its growth strategy [5]

The Bank of England will impose “temporary” limits on stablecoin holdings to protect credit availability, but has not specified when the caps will be lifted, Deputy Governor Sarah Breeden confirmed on Tuesday. The central bank plans limits of £10,000-£20,000 for individuals and £10 million for businesses on systemic stablecoins used for payments. Breeden stated, “we would expect to remove the limits once we see that the transition no longer threatens the provision of finance to the real economy.” Howeve ...

SEC Chair Paul Atkins has acknowledged that the U.S. is ’10 Years Behind’ in crypto regulation and pledges to fast-track crypto progress. According to him, “The crypto aspect is our job one,” marking it as a priority for the regulatory body. During the DC Fintech Week event at Amazon HQ on Wednesday, Atkins stated that the SEC intends to build a robust framework to bring back industry participants who may have left the country, enabling innovation to flourish. Atkins Vows to Fast-Track U.S. Crypto Progr ...

Core Insights - The stablecoin market has reached an all-time high capitalization of over $314 billion, driven by Tether's USDT and Circle's USDC [1] - The GENIUS Act allows compliant stablecoins like USDC to be treated as cash by the U.S. government, enhancing confidence in the sector [1][2] - Analysts believe stablecoins are positioned to become the "money layer" of the internet, providing essential payment infrastructure and facilitating international money transfers [2] Market Dynamics - The stablecoin market remains underpenetrated compared to the U.S. M2 money supply, indicating significant growth potential through 2026 as new entrants and use cases emerge [3] - Tether, holding nearly 70% market share, plans to launch a U.S.-regulated dollar stablecoin called USAT by the end of 2025, seeking to raise $15 billion to $20 billion for expansion [4] - Major financial institutions, including Citigroup and Visa, are exploring their own stablecoin initiatives, intensifying competition in the market [5] Broader Implications - The adoption of stablecoins is expected to catalyze the broader cryptocurrency economy, enhancing investment in digital wallets, custody solutions, and decentralized finance (DeFi) applications [6] - As stablecoins integrate into the financial system, they will strengthen the infrastructure supporting the wider crypto industry [7]

以下文章来源于科创日报 ，作者史正丞 科创日报 . 科创圈都在关注的主流媒体，上海报业集团主管主办，《科创板日报》出品。 一笔凭空出现、又在短时间内消失的300万亿美元稳定币，又一次展现加密产业的荒蛮暗面。 据以太坊区块链观察工具Etherscan的记录显示， 北京时间周四凌晨3时许，知名交易平台PayPal的加密产业合作伙伴Paxos在以太坊区块 链上铸造了300万亿个PayPal稳定币PYUSD ，纸面价值对应300万亿美元。 （来源：Etherscan） 这起错误交易的金额也令其他"乌龙指"事件相形见绌。要知道 美国国债规模只有37万亿美元 ，全球所有国家的GDP之和，也不到300万亿 美元的一半。CoinMarketCap数据显示，作为全球第六大稳定币，PYUSD的市值规模只有26亿美元。 Paxos随后发布公告称， 这起事件是公司在进行内部转账时错误铸造了超额的PYUSD 。事发后，公司在第一时间发现错误，并销毁了超额 部分。Paxos强调，此次事件属于内部技术故障，不存在安全漏洞，客户资金也安全无虞。 该事件短暂地扰乱了去中心化金融市场，PYUSD价格短暂脱锚1美元基准，后续随着超发稳定币被销毁迅 ...

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Core Insights - Corporate balance sheets now hold approximately 1.04 million BTC, valued at around $117 billion, marking a new record for corporate Bitcoin holdings [2] - The number of public companies holding Bitcoin has increased by 40% from the previous quarter, reaching 172 firms, which collectively added about 193,000 BTC quarter-over-quarter [2] - MicroStrategy leads corporate Bitcoin holdings with approximately 640,031 BTC, followed by Marathon Digital Holdings with 53,250 BTC and XXI with 43,514 BTC [2] Corporate Trends - New entrants such as Bullish and Trump Media are joining the ranks of corporate Bitcoin holders, with holdings of 24,300 BTC and 15,000 BTC respectively [3] - Companies are increasingly viewing Bitcoin not just as a hedge but as a long-term investment in digital assets as a core treasury reserve [3] - The trend of public and private companies increasing their Bitcoin holdings is expected to continue as long as there is demand for their security issuance in the public market [3] Market Implications - The accumulation of Bitcoin by public companies is seen as a factor that could stabilize Bitcoin's price, potentially leading to less volatility in the future [5][6] - As more major players invest in Bitcoin, it may encourage additional companies to follow suit, creating a more permanent demand for the asset [5] - The relationship between Bitcoin and equity-market financing is expected to strengthen, making it easier for CFOs to justify Bitcoin ownership [6]

TEL AVIV, Israel, Oct. 16, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) today announced that it has completed an additional purchase of 88.888 Bitcoin at an average price of $112,500 per Bitcoin, for a total consideration of $10 million. Following this acquisition, the Company’s total Bitcoin treasury now amounts to approximately 942 Bitcoin. This step marks another milestone in strengthening ZOOZ’s position as one of the first companies globally to execute a long-term institutional Bitc ...

Core Insights - House of Doge Inc. has appointed Matt Swann as Chief Digital Officer to lead digital transformation and expansion initiatives following its merger with Brag House Holdings, Inc. [1][3] - The merger aims to transition Dogecoin into an institutional-grade ecosystem that supports payment processing, tokenization, and yield-driven products [3][6] - Swann's extensive experience in fintech, e-commerce, and blockchain innovation positions him to drive the development of digital capabilities and fan ownership models [2][4] Company Overview - House of Doge is the official corporate arm of the Dogecoin Foundation, focused on advancing Dogecoin as a decentralized global currency [6] - The company is committed to building secure and scalable systems for real-world use, integrating Dogecoin into everyday commerce [6] Leadership and Strategy - Matt Swann's leadership will focus on extending Dogecoin's reach across global financial and consumer networks, emphasizing community utility and tokenization [4] - The strategy includes establishing advanced payment infrastructure, enhancing fan engagement, and transforming real-world assets into tradable digital markets [5] Market Positioning - The merger with Brag House is expected to create a next-generation fan economy across entertainment, gaming, and real-world assets, enhancing fan ownership and engagement [4][7] - House of Doge aims to unlock new models for fan ownership and engagement, positioning itself at the intersection of technology and finance [4][5]

Core Insights - The Financial Stability Board (FSB) warns that fragmented global regulations in the $4 trillion digital asset market are being exploited by crypto firms, posing threats to financial stability [1][2] Regulatory Gaps - A review by the FSB across nearly 40 jurisdictions identified significant gaps and inconsistencies in crypto regulations that could jeopardize financial stability and hinder the development of a resilient digital asset ecosystem [2] - Regulatory arbitrage is prevalent, with crypto providers and stablecoin issuers seeking out jurisdictions with the most lenient regulations to establish operations before expanding globally [3] Cross-Border Oversight - The report highlights that cross-border oversight remains fragmented and insufficient, with existing enforcement tools rarely extending to broader supervisory objectives or financial stability monitoring [3] - The European Banking Authority also noted that crypto firms are engaging in "forum shopping" to enter the EU market with weaker anti-money laundering controls [3] Risks of Fragmented Regulations - John Schindler, the FSB's secretary-general, expressed concerns that differing regulations could exacerbate financial shocks, as linkages between crypto-assets and the traditional financial system are increasing [4] - Major global banks are significantly increasing their exposure to crypto-assets, raising concerns about potential market disruptions during periods of stress [4] Market Dynamics - The FSB report indicates that stablecoin issuers now hold reserves comparable to those of foreign governments or large money-market funds, which could lead to market disruption if rapid liquidations occur [5] - Kevin Lee from Gate emphasized that patchy regulations could lead to leverage and liquidity migrating to venues with minimal oversight, turning local shocks into cross-border risks [5] Financial Institutions' Exposure - More financial institutions are integrating stablecoins into their payment and settlement services, increasing their exposure to the crypto ecosystem despite widening regulatory divides between the U.S. and Europe [6]