I think with the crypto markets like especially like Bitcoin and Ethereum and the altcoins like sentiment changes can show up more dramatically just because there aren't as many like institutional players involved and you know that that kind of shows up as dramatic swings and then that bleeds over into equities that are linked to the crypto markets. You know, um I started out covering Bitcoin as kind not a joke, but as kind of um an a cultural exercise like 12 or 13 years ago by only using bitcoins instead ...

Should we worry about stable coins in the following way which is that hopefully if the stable coins are backed by something meaningful like treasuries that effectively takes treasuries out of the game to be lent in a different way. Yeah, I actually worry quite significantly about stable coins from operators that are not banks. Where are the reserves sitting.Is there duration risk for those reserves. Is there credit risk for those reserves. Are those reserves bankruptcy remote.SoFi, the answer to that is zer ...

Market Overview - Major cryptocurrencies, including Bitcoin and Ether, experienced gains following the release of private payroll data indicating a significant decline in jobs, with Bitcoin rising nearly 4% to around $17,000 and Ether increasing by 5% [2][3] - The ADP report revealed a seasonally adjusted loss of 32,000 jobs last month, with previous figures for August revised down from an increase of 54,000 to a loss of 3,000, leading to heightened expectations for potential rate cuts by the Federal Reserve [3][4] Industry Developments - Vision CISAI announced plans to establish a $2 billion Solana-based treasury, resulting in a sharp decline in its NASDAQ shares [5] - A note from JP Morgan indicated that 12 out of 14 tracked mining companies outperformed Bitcoin by approximately 6% in September, particularly those diversifying into AI, with the aggregate market cap of these miners growing faster than Bitcoin for the sixth consecutive month [6] - The SEC is moving towards allowing state trusts to act as crypto custodians, with assurances provided to law firms regarding non-enforcement actions for registered advisers [7][8] Legal and Regulatory Updates - Tornado Cash co-founder Roman Storm is seeking acquittal from conspiracy charges related to operating a crypto mixer, arguing a lack of evidence linking him to illicit activities [9][10] - The Blockchain Association has sent a letter to lawmakers defending the Genius Act, emphasizing its importance for legal clarity and innovation in the digital assets industry, and opposing efforts to amend the legislation [10][11][12] - The letter highlights concerns that reopening the Genius Act could undermine U.S. leadership in the crypto space and hinder innovation, as it provides essential legal clarity for stablecoin issuance [19][20] Future Outlook - There is optimism regarding bipartisan efforts in Congress to establish comprehensive market structure legislation for the crypto industry, with discussions ongoing between the House and Senate [21][22][23] - Recent regulatory harmonization efforts between the SEC and CFTC are seen as a positive development for the industry, potentially fostering innovation and reducing regulatory confusion [24][26][27]

Today, Bitcoin and Ether fall as a potential US government shutdown looms. The SEC and CFTC hold a joint roundt focused on regulatory harmonization between the two agencies. And Paul Greywall, chief legal officer at Coinbase, explains a new marketing campaign aimed at stopping the banking industry's efforts to undo provisions of the Genius Act.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Digital currencies in the red this morning after it was revealed that consumer confidence edged lower in September a ...

Depending on who Trump picks as the next Fed governor, it could kick off a whole freaking mega cycle. The Bitcoin price is struggling right now, waiting on a new Fed chair, waiting on fresh rate cuts, and crypto's going a lot higher. Yet, most people aren't seeing what I'm seeing. They don't know what I know about crypto.They're going to happen over blockchains. And we think Salana is going to be one of the blockchains that gets the lion share of of the financial markets. Watch today's whole video so you un ...

Market Opportunity & Projections - Stable coin market is projected to grow from $290 billion to multi-trillion in the next few years [1] - The current stable coin market size of $250 billion is expected to grow to $2 trillion in the next few years [1] - Industry experts anticipate the stable coin market to significantly increase, potentially exceeding $2 trillion [1] - The market could potentially reach $2 trillion, $3 trillion, and eventually $10 trillion over the next 10 years [9] Plasma's Value Proposition - Plasma is a purpose-built layer 1 blockchain designed specifically for stable coins, offering infrastructure for the digital dollar economy [1] - Plasma aims to provide a more efficient way to move money globally [1] - Plasma offers EVM compatibility, allowing seamless deployment of Ethereum-based contracts without code modifications [1] - Plasma boasts fast transaction speeds of 1,000+ transactions per second and less than 1 second block times [1] - Plasma offers zero USDT transfer fees, potentially attracting significant capital [1] Plasma's Performance & Adoption - Plasma launched with over $1 billion in stable coin TVL, achieving the fastest growth in blockchain history [7] - Plasma's TVL reached $27 billion, ranking it in the top eight and surpassing Hyperlid [7] - Plasma supports over 15 stable coins and has over 50 partnerships [8] Competitive Landscape - Ethereum currently dominates the stable coin market, but its dominance is expected to decrease over the next five years [1, 10] - While Ethereum will continue to grow, its growth rate may slow as other chains offer more specialized solutions [9, 10] - Plasma aims to outperform general-purpose chains like Ethereum and Solana in the stable coin use case [1] Security & Spam Prevention - Plasma implements a split block architecture with a portion reserved for USDT transfers [4] - To prevent spam, Plasma enforces a minimum balance and implements whitelisting [5, 6]

A battle between the banks and crypto is heating up over a wide-ranging bill on how to regulate crypto. Now, the tensions brought senior executives from both industries to DC this week, including Coinbase CEO Brian Armstrong. Payments and stable coins, new types of investments and asset classes, capital formation, credit, like all these things can get reinvented, made more efficient in the crypto world.That's ultimately what we're trying to do. We're trying to create more economic freedom in the world and u ...

Market Overview & Growth Potential - Crypto market cap reached almost $2 trillion on the 13th, indicating a significant bounce in the market [2] - Crypto market cap was at $798 billion on January 1st, 2023, and ran to $4.2 trillion, suggesting substantial growth [3] - Industry anticipates crypto hitting $10+ trillion, potentially reaching $100+ trillion in assets moving on-chain, targeting large markets like the DTCC which moves $3+ quadrillion per year [3][4] - Crypto adoption is outpacing internet adoption, with potential to reach 4 billion users by 2030, driven by regulations and use cases like stable coin adoption and payments [20][22] XRP Analysis - XRP has shown significant growth, up 440+% in the last year, with potential to reach $10 by the end of the year [5][6] - XRP and other altcoins are expected to trade significantly higher, potentially decoupling from Bitcoin's growth [6][25] - XRP ledger moved $50 million with cents in fees, highlighting the cost-effectiveness compared to traditional systems [39] Regulatory Landscape & Adoption - Senate Banking Committee's draft aims to provide legal clarity, exclude assets that are clearly securities, and address staking and airdrops [16] - SEC and CFTC are working together on a joint advisory committee to provide clarity for the digital asset space [17][18] - Regulations are seen as the next catalyst for crypto growth, potentially leading to a surge in the crypto space [22] Security & Custody - Highlights the risk of wallet scams and the importance of secure custody solutions [8][9] - iTrust Capital is recommended for its premium custody account, offering a closed-loop system and high security [10][11] - Storing crypto with a US-based company like iTrust Capital is considered a secure option, providing 24/7 access and low fees [12][13] Banking System & Crypto's Role - The banking system is described as broken, with stable coin adoption surging due to the benefits of crypto transactions [35][36] - Crypto has the power to replace Swift and change the way the banking system works, offering faster and cheaper transactions [35][36] - Traditional payment apps like PayPal are seen as a fancy UI built on a broken financial system, while crypto offers immediate benefits [38]

Cryptocurrency Market - Bitcoin and stablecoins are poised for significant adoption due to limitations of traditional payment systems like Visa [1] - Decentralized ledgers such as Bitcoin, Ethereum, Tron, Solana, and Binance Smart Chain are key components of this shift [1]

So, you're an Ethereum guy. Do you own Bitcoin. I'm not. I I do not own Bitcoin.None. I'd rather have an iPhone than a landline. Something really interesting is happening with Ethereum.Number one, Ethereum ETF inflows are going parabolic with 80% flowing into Black Rockck. I see value in having an Ethereum ETF, meaning the most powerful man in finance, Larry Frink, is accumulating and mass. As I said, these are just start stepping stones towards tokenization.What does Larry Frink know. Watch today's whole v ...