Latest news with #TradFi
Cision Canada
5 days ago
- Business
- Cision Canada
BTC Hit ATH as Options Skew Favors Calls by 7%: Bybit x Block Scholes Report
DUBAI, UAE, May 26, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, released a new weekly crypto derivatives analytics report in collaboration with Block Scholes on May 22, as the markets hit all-time highs (ATH) all around from BTC spot price to perpetual swaps open interest, while ETH's pace of growth moderated. Key Highlights: Risk-On Sentiment Dominated: Perpetual open interest across the board on Bybit has been on a steady rise and reached a new monthly high at over $11B, with trading volume also recording its May best at $26B. The market-wide trajectory was supported by BTC's $111k ATH, did not outperform ETH's meteoric rise the week before. ETH Growth Rebalanced: ETH's two-week outperformance streak has ended, now trailing BTC's renewed rally. Despite strong 69% monthly returns, ETH's weekly gains have slowed. Short-term volatility still trades at a premium, but options sentiment has become less bullish, with the gap between call and put activity narrowing to just $30M. For detailed insights, readers may download the full report. #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Yahoo
23-05-2025
- Business
- Yahoo
Robert Breedlove says 'Bitcoin is the fix' to central banking scam
Robert Breedlove, host of the What is Money? podcast, believes Bitcoin is far more than a portfolio asset—it's the antidote to a broken financial system. Speaking with Scott Melker on TheStreet Roundtable, he argued that most people misunderstand Bitcoin's potential because they see it as 'just another investment,' instead of 'money that no one can counterfeit.' 'What is money obviously being the main question we probably want to answer today for our audience,' said Melker. Speaking to a largely TradFi viewership, he expressed concern that most newcomers only see Bitcoin as 'just another investment,' rather than a transformative monetary force. Breedlove agreed, emphasizing the philosophical and structural issues underlying modern money. 'One big obvious answer is that Bitcoin is money. But then problems arise when you try to ask yourself, what is money?' he said. 'It seems to be one of these technologies that touches almost every domain of life, kind of like spoken language.' He offered a simple definition, 'Money is that thing through which we acquire goods and services.' Noting that 'all goods and services require energy to produce,' he argued that money itself should also require energy—something fiat currencies lack. 'That is basically what the central banking scam is in a nutshell,' Breedlove stated. 'They can produce money at zero cost effectively… and use the newly issued money to acquire goods and services.' In contrast, 'Bitcoin is the fix to that scam… it requires work and energy to produce. And so therefore it functions really well as a store of value across time.' When asked whether Bitcoin will ever truly function as everyday money, Breedlove didn't hesitate: 'I am of the strong belief that Bitcoin eats all the monetary premium in the world.' He sees fiat currencies heading toward inevitable hyperinflation, driving capital into Bitcoin, 'The monetary premium associated with all those other assets will also collapse into Bitcoin and then we'll have much more of a value investing free market economy with accurate price discovery on a Bitcoin standard.' Robert Breedlove is a philosopher, entrepreneur, and host of the What is Money? podcast, where he explores the intersection of economics, Bitcoin, and philosophy. A prominent voice in the Bitcoin space, he's known for his deep dives into monetary history and theory. Breedlove has been featured in numerous crypto thought leadership circles and is considered one of the most articulate proponents of Bitcoin as sound money. Robert Breedlove says 'Bitcoin is the fix' to central banking scam first appeared on TheStreet on May 23, 2025
Yahoo
23-05-2025
- Business
- Yahoo
'Clear momentum': OKX plots full-scale US comeback
Crypto exchange giant OKX is making a return to U.S. soil with its full brand behind the push, this time under the leadership of Roshan Robert, a seasoned TradFi and crypto executive who joined in September 2024 to spearhead the U.S. expansion. 'I joined OKX in September of 2024 with the mandate to build out the franchise here in the [U.S.],' Robert said in an interview with Scott Melker, host of TheStreet Roundtable and The Wolf of All Streets podcast. 'Amongst the roles straddling both TradFi and crypto, I'd like to highlight two... I was at Barclays at a time when the Dodd-Frank regulations were being implemented... [and] was part of the founding team [at Hidden Road] and took on the dual responsibilities of Groups COO and Groups ECO.' Now, he's bringing that dual-background discipline to OKX's U.S. strategy. 'Robust risk management, strong compliance, focus on client money controls and cybersecurity,' he said. Melker noted the significance of this relaunch. 'OKX's previous presence was with OKCoin... It seems like this is a bit different... Is that an accurate assessment?' 'Absolutely,' Robert confirmed. 'It is one single brand and we are coming to the US with a better product.' That 'better product' includes a centralized spot exchange and a Web3 wallet built specifically for U.S. users. 'Right now what we're doing is we're bringing on a centralized exchange for spot markets,' Robert said. 'We're not looking at perps right now because we don't have a DCM... As of now, we plan to really expand our spot market, launch the centralized exchange, have the full wallet tailored for US users.' Robert remains optimistic. 'There is a clear momentum as far as regulatory infrastructure is concerned... Over time we will definitely look to expand the market and expand across multiple areas and multiple products.' On April 16, OKX officially announced its expansion into the United States, marking a significant milestone for the company as it brings its full-scale platform to U.S. users. The exchange launched trading operations across 46 states and Washington, D.C., and simultaneously named Roshan Robert as the new CEO of OKX U.S. Robert, a veteran of Barclays and PricewaterhouseCoopers, will lead the charge from the company's newly established headquarters in San Jose, California. As part of this relaunch, OKX introduced a new self-custody wallet supporting over 130 blockchains and offering features such as token swaps, cross-chain transfers, NFT access, and Web3 dApp integration. 'Clear momentum': OKX plots full-scale US comeback first appeared on TheStreet on May 23, 2025
Yahoo
23-05-2025
- Business
- Yahoo
Major TradFi Institutions to Pursue Tokenization Efforts on Solana
A number of large banks and other traditional financial (TradFi) institutions are set to use the Solana blockchain for their tokenization efforts. R3, a U.K. developer of blockchain technology for financial institutions, is teaming up with the Solana Foundation to bring the former's clients and their tokenized real-world assets to Solana. Through its blockchain platform, Corda, R3 holds over $10 billion in assets and counts the likes of HSBC, Bank of America, Bank of Italy and the Monetary Authority of Singapore among its participants. Tokenization, the term for minting real-world assets such as stocks and bonds as digital tokens that can be traded on decentralized networks, is one of the principal use cases of blockchain technology attracting the attention and investment of the TradFi world. A recent report by Boston Consulting Group and crypto payments company Ripple said the tokenization market could reach $18.9 trillion by 2033. R3's aim is to supercharge the scale and liquidity of the tokenized asset ecosystem by making the assets available on a public blockchain like Solana. The total value of assets held on Solana may be dwarfed by Ethereum, but it processes more transactions and has more active addresses. "As the world's most used public blockchain, Solana ... [is] the ideal foundation for the next generation of regulated digital finance," R3 said in an announcement on Thursday.
Business Upturn
22-05-2025
- Business
- Business Upturn
YourOwn Partners with Hoseki to Verify Bitcoin Ownership, Redefining Financial Identity
SAN FRANCISCO, May 22, 2025 (GLOBE NEWSWIRE) — YourOwn has partnered with Hoseki to launch integrated Bitcoin verification within its financial identity wallet, enabling users to prove and utilize crypto holdings alongside traditional assets. This innovation bridges traditional finance (TradFi) and decentralized finance (DeFi), establishing a unified, verifiable, and secure financial identity. By embedding Hoseki's proof-of-ownership service, YourOwn empowers individuals and institutions to manage traditional and digital assets on a single, trusted platform. Bitcoin is no longer siloed—it's treated as a core financial primitive, ready for lending, planning, and tax workflows. 'This is a turning point for financial identity,' said Sam Abbassi, CEO of Hoseki. 'Together with YourOwn, we're delivering infrastructure that makes digital assets verifiable, usable, and powerful within traditional finance.' Pioneering Financial Identity YourOwn lets users consolidate bank accounts, brokerage portfolios, tax records, and now verified crypto holdings in one encrypted wallet—ready to share with lenders, advisors, or institutions in seconds. This integration responds to a shift in expectations: investors increasingly demand that digital assets be as usable as any other part of their balance sheet. With over 10,000 downloads and a growing marketplace—including Coinbase, Gemini, H&R Block, Trust & Will, and Consumers Credit Union—YourOwn is becoming essential infrastructure for the financial ecosystem. Key Capabilities Unified View Across Assets Aggregate banking, investment, tax, and crypto data in real time with secure APIs and user-controlled sharing. Bitcoin-Backed Lending Verified crypto holdings become trusted collateral for faster, better-priced loans. Holistic Financial Planning Advisors gain a full portfolio view, enabling tax-smart strategies and wealth plans. Institutional-Grade Security Built on zero-trust architecture and BIP standards to meet open finance requirements. Why It Matters As trusted institutions offer crypto services, verifiable ownership is becoming table stakes. Hoseki's verification service—now live inside YourOwn—delivers cryptographic attestations with no screenshots or spreadsheets. About YourOwn YourOwn is a next-generation financial identity platform that lets users control and share verified data with banks, lenders, and advisors—securely and seamlessly. We offer subscription and embedded solutions for financial institutions and wallet providers. YourOwn is a U.S. veteran-owned business. About Hoseki Hoseki is building a more connected financial world where Bitcoin is the global monetary standard and proving reserves is secure and seamless. As the industry leader in crypto asset verification, Hoseki provides white-label APIs for real-time proof-of-ownership to institutions and consumers across regulated workflows. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
