Latest news with #Crypto
Yahoo
6 hours ago
- Business
- Yahoo
Bitwise CEO Says Lots Of Bitcoin Demand Is Coming In Q3. Here's Why:
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise CEO Hunter Horsley has hinted at sustained bullish momentum for Bitcoin in the coming months. Horsley said last week on X that 'a lot of demand' is coming for Bitcoin in Q3. He cited yet-to-be-completed merger and financing deals by impending Bitcoin treasury firms have been the major drivers of Bitcoin buying pressure and price action this year. 'There's a lot of Bitcoin Treasury Companies that have announced— but haven't yet closed, and thus bought the bitcoin,' he said. 'There's a lot of demand coming in Q3.' Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Among companies that have revealed Bitcoin treasury plans but have not closed deals are Twenty One Capital and Strive Asset Management. In April, Twenty One was announced as a new Bitcoin treasury company to be formed through Cantor Fitzgerald's Cantor Equity Partners (NASDAQ:CEP), a special purpose acquisition company. The new venture is to be partly owned by cryptocurrency exchange Bitfinex, its subsidiary Tether and Japanese investment bank SoftBank. Twenty One said it planned to launch with 42,000 BTC at the completion of its deal. So far, it has received only 37,000 BTC worth $4 billion from Tether. Strive in May also announced plans to become a publicly traded Bitcoin treasury company by merging with Asset Entities (NASDAQ:ASST). While the company has yet to close this merger, it later said that it raised $750 million to fund its first round of Bitcoin purchases. Beyond Twenty One Capital and Strive, Trump Media & Technology Group (NASDAQ:DJT) recently received the Securities and Exchange Commission's greenlight to kick off its Bitcoin treasury strategy, unlocking $2.3 billion in capital it had raised from 50 institutional investors to buy Bitcoin. Trending: New to crypto? on Coinbase. While new Bitcoin treasury companies work towards making purchases, incumbents are not slowing down. MicroStrategy (NASDAQ:MSTR) on Monday announced the purchase of 10,100 BTC for over $1 billion. Metaplanet also announced the purchase of 1,112 BTC for approximately $117 million, bringing its total stash to 10,000 BTC. Bitwise in December predicted that Bitcoin would trade as high as $200,000 in 2025. Last week, Horsley said once Bitcoin trades within the $130,000 to $150,000 price range, no one will sell the asset again. He said borrowing against asset holdings will become the order of the day. 'From there on, when people need liquidity, they are going to borrow from an ever growing set of lenders,' he said. 'All of which will further propel price. There's simply not going to be enough Bitcoin.' At last look, the asset is trading near $107,400, holding steady despite rising tensions between Iran and Israel in the past few days. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article Bitwise CEO Says Lots Of Bitcoin Demand Is Coming In Q3. Here's Why: originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Tron to Go Public Through Deal With SRM Entertainment (SRM)
Crypto platform Tron has struck a deal with SRM Entertainment (SRM, Financials), a Nasdaq-listed company, under which it will purchase tokens, change SRM's name to Tron Inc, and bring Tron founder Justin Sun on board as an adviser, SRM said Monday. Warning! GuruFocus has detected 3 Warning Signs with SRM. The statement did not clarify whether Tron itself is the unnamed private investor funding a $100 million equity deal a figure that could rise to $210 million with warrants. The Financial Times reported that Tron is behind the investment and that the company plans to go public in the U.S. through a reverse merger with SRM. The deal was organized by Dominari Securities, a New York-based investment bank. Two of President Donald Trump's sons Don Jr. and Eric Trump joined the board of Dominari Holdings, which owns the bank, earlier this year. Tron and SRM did not comment on the funding source or management structure going forward. Justin Sun, who founded the Tron blockchain, was sued by the U.S. Securities and Exchange Commission in 2023; that civil fraud case is currently on hold. Sun has invested $75 million into Trump's World Liberty Financial crypto venture, whose stablecoin USD1 is already listed on Tron's blockchain. SRM, which also sells licensed toys and souvenirs, saw its shares rise more than 300% Monday, jumping from $1.45 to a peak of $6.70. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The South African
3 days ago
- Business
- The South African
Crypto As Collateral: How To Trade Global Markets Using Cryptocurrencies With PrimeXBT
PrimeXBT, an industry-leading multi-asset broker, has expanded its Financial Sector Conduct Authority (FSCA) licence in South Africa, enabling it to offer Crypto asset services. Local traders now have access to Crypto and fiat-denominated accounts on the broker's platforms, including PXTrader and MetaTrader 5 (MT5). Deposits and withdrawals can be made in Crypto or fiat, and both can be used as collateral to open trades across 150+ markets. This is a major step towards wider, more secure Crypto adoption in South Africa and across the wider region, setting the standards for future licensing frameworks. This article will cover how South African traders can use PrimeXBT's platforms and tools to easily diversify their portfolios across markets, using Crypto as collateral for their trades. With the expansion of its offering, PrimeXBT enables local traders to buy, hold, sell, and exchange popular Cryptocurrencies, including BTC, ETH, USDT, and USDC. To deposit Crypto, clients simply choose which token to deposit and to which wallet or account. They then send the Crypto to the address provided. All transactions are fast and secure, with deposited tokens appearing in clients' wallets instantly. The broker uses top-tier security measures, including multi-signature cold storage technology to protect clients' digital assets. Rapid Crypto withdrawals are also supported. In addition, PrimeXBT offers various payment options for fiat currencies. These include support for ZAR deposits and withdrawals, local bank transfers, and regional third-party payment providers like Capitec Pay. When South African clients deposit ZAR, it's automatically converted to USD. From there, they can exchange into stablecoins (USDT or USDC) and use those to purchase crypto such as BTC or ETH. The same steps apply when converting crypto back to fiat. All fees are included in the exchange rate, and the process is quick and transparent. PrimeXBT's powerful built-in exchange functionality enables seamless Crypto-to-Crypto conversions. The process is simple, with no complex order books. Clients just enter the amount they want to convert and between which currencies. PrimeXBT empowers South African traders to do more with their Crypto by allowing it to be used as collateral to trade over a hundred global markets. These include Crypto Futures, Forex, and CFDs on Crypto, Stocks, Indices, and Commodities. Clients can open trading accounts in USD or USDT on PXTrader and MT5, providing added flexibility. With the broker's exchange functionality, other tokens can be easily converted to USDT, allowing traders to start opening positions immediately. The broker's platforms also offer a range of tools like TradingView integration, technical indicators, drawing tools, and algorithmic trading, to help clients analyse the markets and identify new opportunities. Local traders benefit from industry-leading trading conditions, including fees as low as 0% on non-Crypto CFDs. For Crypto CFDs, trading fees start at 0.05%, while for Crypto Futures, they are as low as 0.01%. Leverage of up to 1000x is available; however, traders should be aware that leveraged trading significantly increases both potential gains and potential losses. It may not be suitable for all investors and should be approached with proper risk management. Spreads start from as low as 0.1 pips, and with PrimeXBT's VIP Tiers, clients can receive substantial fee discounts based on trading volume. The broker works with multiple top-tier liquidity providers to ensure fast and reliable execution on its platforms, leading to 99.9% uptime even in volatile market conditions. By expanding its FSCA-regulated offering with the inclusion of Crypto, PrimeXBT is one of the first brokers in the region to truly bridge the gap between traditional and digital markets. South African traders can now take their portfolio diversification to another level, while moving capital seamlessly between asset classes. This opens up a world of new opportunities for traders to explore, backed by strong oversight and a commitment to security that comes from trading with a trusted and regulated broker. Start trading with PrimeXBT South Africa. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website. PrimeXBT (PTY) LTD is an authorised financial services provider in South Africa with licence number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker which is the counterparty to the products purchased through PrimeXBT.
Time of India
4 days ago
- Business
- Time of India
Digital Rupee vs Crypto: What the debate misses about the future of money
India is in the midst of a silent revolution in money. On one hand, we have the Digital Rupee , the Reserve Bank of India 's Central Bank Digital Currency (CBDC), and on the other, the rapidly growing world of crypto-assets and stablecoins operating on public blockchains. Both are vying to redefine how value is transferred in the digital age. And yet, the ongoing debate—often framed as CBDC vs Crypto—misses the point entirely. Because the real question is not about which technology wins, but who benefits from it. When the debate gets wrong Public discourse often pits the Digital Rupee and crypto against each other—as if they are fundamentally incompatible. The truth is, both are programmable forms of digital money, designed for different purposes, but potentially coexisting in the same future financial system. Crypto Tracker TOP COIN SETS BTC 50 :: ETH 50 -3.77% Buy Smart Contract Tracker -5.49% Buy DeFi Tracker -10.48% Buy Web3 Tracker -10.95% Buy NFT & Metaverse Tracker -12.38% Buy TOP COINS (₹) XRP 193 ( 2.6% ) Buy BNB 56,658 ( 0.59% ) Buy Bitcoin 9,215,509 ( 0.39% ) Buy Ethereum 222,362 ( -1.14% ) Buy Solana 13,227 ( -1.93% ) Buy The Digital Rupee is a sovereign, state-backed currency that retains all the regulatory control of fiat, with some of the benefits of digital settlement—speed, transparency, and auditabilit. Crypto, especially stablecoins and DeFi protocols, represents open, global finance—designed to reduce reliance on intermediaries, enable 24/7 global settlement, and allow innovation at the edges. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » But focusing only on the instruments is missing the forest for the trees. What matters most is the end user's experience. Live Events For the user, convenience is king Whether it's a CBDC or a stablecoin, the average Indian citizen wants: Instant settlement Low transaction fees Universal acceptance Interoperability across borders Clear privacy and control over their funds If the Digital Rupee delivers this, it wins. If crypto and stablecoins can do it better, they will continue gaining ground—especially among tech-savvy users, freelancers, SMEs, and NRIs. So far, Digital Rupee usage is modest—with just 19 banks live and around 100,000 daily transactions reported in mid-2024. By comparison, UPI clocks 350 million+ transactions a day, and stablecoins globally settled over $7 trillion in 2023. The bigger problem: Not who builds it, but who controls it Let's zoom out. India built UPI—arguably the most successful public payments infrastructure in the world. But despite being a product of NPCI (a quasi-government entity), UPI adoption is now dominated by three major apps: Google Pay PhonePe (majority owned by Walmart) Paytm (with large foreign ownership) Together, these three control over 94% of UPI transaction volume. So while UPI is Indian in origin, the monetization, data leverage, and platform control rests in the hands of foreign-backed companies. Indian startups in the payments space face high entry barriers, and the market has become increasingly difficult to penetrate due to high compliance, capital, and branding costs. If India repeats the same model with the Digital Rupee—where state infrastructure is handed over to foreign-led platforms for distribution—we will be building Indian rails for global profits, again. India needs a strategic payments agenda To avoid this, India must learn from UPI's journey: Create favorable policies and early access for Indian startups to build on top of the Digital Rupee. Ensure neutral interoperability layers so no single app dominates wallet access or merchant onboarding. Offer incentives and sandboxes for fintechs and Web3 startups to create novel CBDC use cases in sectors like trade, MSME finance, insurance, and mobility. Consider public-private models where infrastructure remains open but innovation is encouraged locally. After all, payments aren't just a technical tool—they are an instrument of economic sovereignty . And whoever controls the interface to money, controls much more than just transactions. It's not Crypto vs CBDC. It's about empowering Indians At the end of the day, the user doesn't care whether their money comes from a central bank node or a smart contract. They care about speed, cost, and usability. A Digital Rupee that settles instantly, works offline, and integrates with UPI? Excellent. A crypto wallet that lets an Indian freelancer receive USD-stablecoins from a US client and cash out into INR at low cost? Also excellent. The key is not to fixate on the rails, but to ensure that the value stays in India, and Indian entrepreneurs are not locked out of building the future. Because if we don't, we risk creating another UPI story—built by India, but controlled by others. And that's a mistake we can't afford to make twice. (The author, Aishwary Gupta is the Global Head of Payments & Real World Assets at Polygon Labs) ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
4 days ago
- Business
- Yahoo
MicroStrategy's Bitcoin Accumulation Threatens Its Reserve Asset Status, Sygnum Says
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin accumulation by public corporations continues to attract scrutiny as more firms burst on the scene. In the latest instance, digital asset bank Sygnum has warned that MicroStrategy's (NASDAQ:MSTR) aggressive Bitcoin accumulation could undermine the asset's potential as a reserve asset for central banks and other institutions. In the past five years, MicroStrategy has accumulated 582,000 BTC, representing nearly 3% of the total Bitcoin supply. The firm is not showing any signs of slowing down, with new purchases announced almost every week. In the most recent instance, MicroStrategy announced the purchase of 1,045 BTC for approximately $110.2 million. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'Large concentrated holdings are a risk for any asset and at this point [Micro] Strategy's holdings are approaching a point where they become problematic, with the company holding close to 3% of the total bitcoin ever issued, but a much higher share of the actual liquid supply,' Sygnum said on Tuesday. The digital asset bank said that the hit to liquid supply could reverse positive Bitcoin trends, such as declining volatility and increasing liquidity. These are factors often considered when selecting a reserve asset. 'Their [MicroStrategy's] goal of acquiring 5% of the total issued bitcoin raises concerns, not least because these vehicles amassing too much of the supply undermines bitcoin's safe haven properties,' Sygnum said. 'A private corporation controlling a large portion of the existing supply would make bitcoin inappropriate for central banks to hold as a reserve asset.' Beyond hampering the dream of Bitcoin becoming a global reserve asset, Sygnum said MicroStrategy's model posed 'certain risks for the crypto market as a whole,' echoing recent sentiments from Standard Chartered. Trending: New to crypto? on Coinbase. For one, the bank said that the leveraged strategies popularized by MicroStrategy are unsustainable, arguing that share premiums to BTC are likely to disappear as more firms copy the model and investor interest dissipates. The bank added that a prolonged market downturn or difficulties raising new funds could force the Bitcoin treasury firms to sell their holdings. 'These vehicles have catalyzed demand for bitcoin that cannot, or cannot yet, access the crypto market. In this regard, they have made a contribution similar to the impact of the Bitcoin ETFs,' Sygnum said. 'However, as demand levels off and is saturated by increased supply, the valuation of these shares relative to their bitcoin holdings is at risk. Additionally, these strategies also create certain risks for the crypto market as a whole.' Bitwise investment chief Matt Hougan said in November that 'the biggest missing piece' in Bitcoin's path to the $500,000 price point was central banks accumulating the asset. Hougan cited $500,000 as his benchmark for the asset's maturity. He pointed out that at that price, Bitcoin would boast the same market capitalization as gold. 'Today, governments hold roughly 20% of the world's gold reserves, compared to less than 2% of the world's bitcoin,' Hougan said at the time. 'For bitcoin to approach the half-million-dollar level, we would need to see that gap narrow.' At last look, only the El Salvadorian central bank holds Bitcoin as part of its foreign reserves. In March, President Donald Trump established a strategic Bitcoin reserve from seized assets through an executive order, but the Federal Reserve is not holding these assets. Other countries showing interest are the Czech Republic and Pakistan. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article MicroStrategy's Bitcoin Accumulation Threatens Its Reserve Asset Status, Sygnum Says originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
