around altcoins is still running high. For more, let's bring in Cosmo Jang. He is a general partner at Penta Capital.Cosmo, great to see you. >> Hey, Melissa. >> So, obviously, you're still believers.One stat really stood out to me in terms of the notes that I I received, and that is that that uh there's more money flowing into Bitcoin ETFs at this point than into the NASDAQ, which is just staggering. No, it's been pretty incredible to see ever since the launch of the Bitcoin ETFs just a little over a year ...

Market Overview - Bitcoin has experienced significant volatility, with a recent drop from 122,000 to 104,000, struggling to maintain the 110,000 level [3][4] - The year started with Bitcoin priced just under 100,000, and it is currently up 17% year-to-date, while the broader market is slightly below that [5] Investment Sentiment - Traders are becoming aware that Bitcoin's market structure is not as robust as previously thought, leading to concerns about its volatility compared to traditional equities [2] - There is a psychological significance to the 100,000 level for Bitcoin, which traders are closely monitoring [4][5] Company Insights - Inversion is a private equity fund focused on acquiring businesses that can leverage blockchain technology to enhance operations, similar to how the internet was adopted over the past 25 years [7] - The company emphasizes the practical applications of blockchain, such as using stablecoins to reduce payment processing fees and improve cash conversion cycles for businesses like restaurants [9][10]

Company Overview - Figure Technology, a stable coin issuer, made its public debut on NASDAQ, increasing its IPO offering to over 31 million shares priced at $25 each, above the expected rate [1] - The company has originated over $16 billion in loans and conducted over $55 billion in on-chain transactions since its inception in 2018 [6] Business Model and Technology - Figure utilizes blockchain technology to streamline capital markets by reducing the number of intermediaries involved in transactions, which can represent trillions of dollars in market capitalization [4] - The company started with home equity lines and credit, providing faster and cheaper loan processes through blockchain efficiencies [7] Financial Performance - In the previous year, Figure reported $340 million in revenue and over $100 million in EBITDA, with a growth rate exceeding 66% in the first two quarters of the current year [8] Market Position and Future Plans - The blockchain and crypto space is viewed as massively subscale, presenting opportunities for consolidation and rollup, which Figure aims to leverage as a public company [11] - Future plans include expanding into credit and potentially launching a blockchain-native public equity that trades on decentralized exchanges, enhancing transactional efficiency and liquidity [13][14] Industry Context - The stable coin market is expected to see significant capital movement, with estimates suggesting that trillions of dollars could transition from bank liabilities to stable coins, fundamentally altering banking models [16][18] - A substantial outflow of deposits from banks has been noted, with a potential $2 trillion to $6 trillion leaving, creating a void in private credit financing that blockchain technology could fill [19]

It led the percentage gains with a 243% revenue surge, jumping from 9 million to 32.4% million in a 30-day time frame. So, that's pretty great. First of all, what the heck is Athena.Athena is a stable coin. And it is based on, you guessed it, Ethereum. Now, smartly, it is multi-chain, but I can guarantee a lot of the Well, I can't guarantee anything.I would say a lot of transactions probably on uh Ethereum, maybe on Salana, maybe Hyperlquid, but again, it's a multi-chain and uh for stable coins, I'm surpris ...

Today, Bitcoin rebounds to the $112,000 level after shrugging off the week's pullback. Shares of Hut 8 also in the green a day after the crypto miner revealed a major US expansion. And Lind Dy, co-founder of Spree Finance, breaks down a new partnership with Anamoka Brands, which capitalizes on the stable coin boom.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Digital currencies are bouncing back this morning from the disappointing start to the week.By noon Eastern, Bitcoin jumped back above $112,000 aft ...