In today’s "Crypto for Advisors" newsletter, Joshua De Vos, research team lead at CoinDesk, breaks down crypto trends and adoption from the CoinDesk Quarterly Digital Asset Report. Then, Kim Klemballa answers what advisors need to know about crypto "Ask an Expert."Thank you to our sponsor of this week's newsletter, Grayscale. For financial advisors near Denver, Grayscale is hosting an exclusive event, Crypto Connect, on Thursday, October 23. Learn more. – Sarah Morton Unknown block type "divider", specif ...

Bitcoin (BTC) jumped to its highest in over two months as the U.S. government shut down operations, likely setting the stage for a positive fiat liquidity impulse. The leading cryptocurrency has risen nearly 4% in the past 24 hours, with prices briefly rising to $119,455 for the first time since mid-August, CoinDesk data show. Other major tokens such as ether (ETH), XRP (XRP), solana (SOL) and dogecoin (DOGE) have risen 4% to 7%. The CoinDesk 20 Index (CD20) has jumped 5% to 4,217 points. The rally fol ...

The bounce in crypto markets mostly stalled on Tuesday with the U.S. government on track to shut down at midnight Eastern time. Bitcoin (BTC) — after earlier having slid about 2% from overnight highs near $115,000 - managed a late afternoon rally to $114,300, up marginally from 24 hours ago. Ether (ETH) traded just above $4,100, sliding 1.3% during the same period. Most tokens in the broad-market benchmark CoinDesk 20 Index posted declines, with Avalanche (AVAX), Uniswap (UNI) and Near (NEAR) leading los ...

Bit Digital (BTBT) shares slid 8% at the U.S. market open, dropping to $2.92 after the company announced an upsized $135 million convertible note offering. Bit Digital increased the size of the 4.00% convertible senior notes offering from $100 million. Underwriters hold a 30-day option to purchase up to an additional $15 million. The notes will mature on Oct. 1, 2030, unless earlier converted, redeemed or repurchased. The initial conversion price is set at $4.16 per share, representing a 30% premium over ...

Market Overview - The CoinDesk 20 Index has dropped by 5%, with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) falling nearly 2% [1] - Significant losses were observed in major altcoins such as XRP, BNB, and SOL, while ASTR, the native token of Aster DEX, fell by 4% [2] - A few coins, including MNT, CRO, KAS, OKB, and XMR, managed to gain around 1% [2] Market Dynamics - The downturn in the crypto market coincides with a stronger U.S. dollar, influenced by recent GDP and jobless claims data [2] - Bitcoin ETFs experienced outflows of $258 million, while Ethereum ETFs saw $251 million in outflows, marking four consecutive days of outflows for ETH funds [3] - Whales have offloaded 147,000 BTC since August 21, the highest sell-off since the beginning of the bull cycle in early 2023 [3] Regulatory and Economic Factors - President Trump's recent tariff announcements have increased market uncertainty, with sentiments fluctuating between rising inflation and slowing growth [4] - The core personal consumption expenditure (PCE) report is expected to show a 2.9% year-over-year rise for August, which could impact the dollar's strength and the crypto market [5] - Regulatory concerns are growing regarding unusual trading volumes and stock price volatility in over 200 companies linked to crypto treasury strategies, which could lead to market sell-offs [6] Geopolitical Developments - Geopolitical tensions are rising, particularly with reports of Russia's aerial incursions in Europe, contributing to market volatility [7]

When considering crypto assets, it’s easy to overlook the infrastructure needed to scale institutional adoption. I’m very vocal about my “picks and shovels” strategy. If you’re in the crypto market, you should own its supporting infrastructure and tap into the returns associated with crypto without caring much about coin price.The U.S. Senate’s digital asset market structure bill and the U.S. House’s clarity act are two upcoming pieces of regulation to watch; both create crypto regulation frameworks. Many i ...

Bitwise Asset Management says ether (ETH) is rapidly cementing its place as a treasury asset. Digital asset treasuries (DATs), once largely bitcoin-centric, are now allocating to ether at scale, creating structural demand that exceeds net new supply, the firm said in a Monday report. "ETH treasuries are no longer a side story. They are becoming a structural pillar in crypto's capital markets," analyst Max Shannon wrote. According to Bitwise, that demand is reinforced by real yield from transaction fees ...

Wall Street bank Morgan Stanley (MS) is moving deeper into digital assets, announcing a partnership with crypto infrastructure provider Zerohash to allow E*Trade clients to trade bitcoin (BTC), ether (ETH) and solana (SOL) starting in the first half of 2026, Bloomberg reported on Tuesday. Jed Finn, Morgan Stanley’s head of wealth management, told Bloomberg that the initiative is the first phase of a broader crypto strategy that will eventually include a full wallet solution. “The underlying technology ha ...

Summary of Key Points Core Viewpoint ETHZilla Corporation has announced a $350 million convertible debenture investment to enhance its capital reserves and support its strategy of deploying Ether (ETH) into cash-flowing assets, particularly through Layer 2 protocols and tokenization of real-world assets. The company emphasizes its commitment to transparency and scalability in its business model, which is expected to drive growth with institutional support. Group 1: Convertible Debenture Investment Details - ETHZilla has partnered with an existing investor to amend terms of previous convertible debentures and raise an additional $350 million through new convertible debentures [1][2] - The previously issued $156.5 million convertible debentures will maintain a 0% interest rate until February 6, 2026, and will then have a 2% annual interest rate, reduced from the original 4% [2] - The new debentures will also bear a 2% annual interest rate, with a conversion price set at $3.05 per share, which is 1.05 times the Market Net Asset Value (mNAV) [2] Group 2: Business Update and Cash Flow Sources - The company generates cash flows from ETH deployed to Layer 2 protocols, investments in U.S. Treasuries, and commercial paper, while exploring tokenization of real-world assets [4] - As of September 19, 2025, ETHZilla's market cap is approximately $405 million, with total cash and cash equivalents of about $559 million and an ETH NAV of approximately $462 million [5][7] - The company has repurchased approximately 0.5 million shares at an average price of $2.41, reducing shares outstanding by 0.3% during the week ending September 20, 2025 [5] Group 3: ETH Deployment and Accumulation - As of September 19, 2025, ETHZilla holds a total of 102,264 ETH and ETH equivalents valued at approximately $462 million [7][8] - The company continues to actively deploy capital across the Ethereum ecosystem, supporting various protocols that drive innovation and yield [8] - The total ETH position includes 33,836 ETH with a total value of $153 million, and additional holdings across multiple protocols [6][8]

Payments firm PayPal (PYPL) said it is expanding its peer-to-peer service by adding cryptocurrency transfers to its payment flow, the company announced on Monday. Users in the U.S. will soon be able to send bitcoin (BTC), ether (ETH), PayPal's dollar stablecoin PYUSD and other digital assets across PayPal, Venmo and an increasing number of crypto-compatible wallets worldwide, the firm said in a Monday press release. The integration arrives alongside "PayPal links," a new tool that lets users generate a o ...