Latest news with #institutionalAdoption
Yahoo
3 days ago
- Business
- Yahoo
NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches
AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise's NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise's NEAR Staking ETP marks a significant milestone for institutional adoption of the protocol, allowing regulated investors to gain exposure to NEAR's staking rewards through a traditional investment vehicle. Technical analysis NEAR has experienced a substantial decline of $0.124 (5.42%) over the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $2.294 to $2.170. The asset established a clear resistance zone around $2.290-$2.298 with multiple rejections, while breaking below key support at $2.220 on heavy volume (2.7M) during the 04:00 hour. The bearish momentum intensified with a volume spike to 2.83M at 07:00 when price reached its lowest point at $2.172, forming a potential double bottom with the 13:00 candle's $2.167 low, suggesting possible stabilization despite the overall negative trend. During the last 60 minutes from 4 July 13:06 to 14:05, NEAR experienced significant volatility with a net decline of $0.018 (0.82%), dropping from $2.192 to $2.170. The asset established a clear resistance at $2.177 with multiple rejections, while showing notable selling pressure at 13:37-13:39 when price plummeted from $2.174 to $2.169 on heavy volume (119K). A brief recovery attempt occurred at 13:53 with a spike to $2.175 on substantial volume (77K), but momentum failed to sustain, with price ultimately settling into a consolidation pattern between $2.169-$2.171 in the final minutes of the period. CD20 Index Plunges 2% as Bearish Momentum Accelerates The CD20 index experienced significant downward pressure in the last 24 hours from 3 July 17:00 to 4 July 16:00, dropping from $1,788.41 to $1,756.06, representing a decline of $32.35 or 1.81%. The overall trading range during this period was $45.74 (2.56%), with the peak of $1,801.60 occurring on 3 July 21:00 followed by consistent selling pressure that intensified after 13:00 on 4 July, when prices fell sharply by nearly $15 within a single hour. 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
Forbes
30-06-2025
- Business
- Forbes
GameStop And Trump's Bitcoin Buys: What It Means For Future Crypto Adoption In 2025
A clear legal framework is needed to support regulatory consistency and provide the stability ... More required for broader institutional participation in bitcoin. Institutional adoption of bitcoin is gaining new momentum in 2025, driven by high-profile developments in both the private and public sectors. GameStop's purchase of 4,710 bitcoin and a $2.5 billion bitcoin initiative from Trump Media highlight how digital assets are entering mainstream financial strategy. This article explores the cascading effects of GameStop and Trump Media publicly adding bitcoin to their balance sheets, indicating a growing institutional interest in digital assets. It also examines how President Trump's executive actions are reshaping the federal approach to digital assets and what these combined developments could mean for the future of institutional crypto adoption in the United States. GameStop's Strategic Bitcoin Acquisition In May 2025, GameStop announced it had purchased 4,710 bitcoin, confirming the acquisition in a press release on May 28. The purchase reflects a growing trend among public companies using bitcoin as a treasury asset and positions GameStop alongside other firms integrating digital assets into their balance sheets as a potential hedge against economic uncertainty. CEO Ryan Cohen addressed the decision in a recorded interview at the 2025 Bitcoin Conference in Las Vegas. He described bitcoin and gold as 'hedges against global currency devaluation and systemic financial risk.' When asked whether GameStop planned to increase its holdings, Cohen said the company's future strategy remains undecided and emphasized that it will continue making decisions based on what aligns best for the company as a whole. Trump's Administration and Crypto Initiatives Since taking office for his second term in 2025, U.S. President Donald Trump has aggressively advanced crypto-friendly policies to position the U.S. as 'the crypto capital of the world.' On January 23, 2025, the President signed Executive Order 14178, 'Strengthening American Leadership in Digital Financial Technology,' revoking prior guidance on a central bank digital currency and creating a working group to develop a federal regulatory framework for digital assets. On March 6, President Trump issued Executive Order 14233 establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile funded with cryptocurrencies seized through forfeiture proceedings. These initiatives reflect a clear shift in policy, treating digital assets as reserve holdings alongside more traditional stores of value. In addition to executive action, the Trump administration has shifted its approach to regulatory enforcement. Leadership changes at key agencies included the appointment of Paul Atkins, a proponent of digital assets, as Chair of the Securities and Exchange Commission and the disbanding of the Justice Department's crypto enforcement unit. Legal proceedings involving major platforms such as Coinbase and Binance have been paused or dismissed under updated guidance from the administration's crypto task force. Separately, Trump Media and Technology Group launched a $2.5 billion initiative to build a bitcoin treasury, with custody provided by Anchorage Digital and These developments reflect a broader strategy to integrate digital assets into government policy and private-sector activity. The Impact On Institutional Crypto Adoption GameStop's bitcoin purchase marks a notable example of a public company allocating digital assets as part of its treasury strategy. The company's decision to acquire 4,710 bitcoin and publicly disclose the move highlights a growing corporate interest in alternative value stores. While not unprecedented, GameStop's actions add to the visibility of bitcoin as a financial asset and may prompt further examination of similar strategies among other publicly traded firms. In parallel, the Trump administration introduced a series of executive actions that frame digital assets as legitimate components of the U.S. financial system. Establishing a Strategic Bitcoin Reserve, prohibiting a central bank digital currency and creating a federal working group on digital asset markets represent a coordinated policy shift. These developments have altered the regulatory environment, potentially shaping how institutions approach compliance, custody and long-term planning for digital asset involvement. Regulatory Landscape The regulatory environment for digital assets is changing, accompanied by increased engagement from businesses and individual investors. President Trump's executive actions related to digital assets have shifted the federal approach, introducing a new perspective on how executive agencies treat digital assets. These developments have taken place amid broader interest in digital assets across the private sector, as companies and financial service providers explore potential uses within existing economic and technological systems. Despite these developments, Congress has not passed any federal legislation to formalize the new direction. The current framework is based solely on executive orders, which future administrations can revise or reverse. As a result, the long-term regulatory outlook remains uncertain. A comprehensive legal framework is needed to establish lasting economic stability and support sustained institutional adoption of digital assets. Legislative clarity also helps standardize compliance, reduce risk and encourage broader market participation. The Outlook Of Institutional Crypto Adoption In the short term, institutional interest in digital assets is gaining traction. High-profile moves by companies like GameStop and President Trump's actions have contributed to a more open environment for exploring bitcoin as part of financial strategies. Custodial partnerships, treasury allocations, and public disclosures are becoming more common as institutions test limited exposure to digital assets within existing risk frameworks. Over the long term, the outlook for institutional adoption will likely depend on establishing a clear and consistent regulatory foundation. While executive orders and market signals have shaped current policy, the absence of formal legislation leaves room for uncertainty. The passage of comprehensive federal laws could provide the stability and legal clarity needed to support broader integration of digital assets across the financial system. Bottom Line Momentum is growing in digital asset adoption, including GameStop's bitcoin purchase and new executive actions, which show a deepening alignment between digital assets and institutional finance. These signals suggest that bitcoin is becoming more accepted in both corporate strategy and federal policy, with increasing visibility in treasury management and government planning. However, these shifts rely on executive authority rather than formal legislation. Long-term adoption remains uncertain without a federal law to anchor the current direction. A clear legal framework is needed to support regulatory consistency and provide the stability required for broader institutional participation. In the meantime, companies and investors are navigating a landscape shaped by executive orders and market momentum, while watching closely for legislative efforts that could define the future of digital asset integration.
News.com.au
12-06-2025
- Business
- News.com.au
Mooners and Shakers: After Bitcoin's all-time high in May, June catalysts emerge
Stockhead's monthly crypto wrap, Mooners and Shakers, is brought to you by May was an important turnaround month for crypto, with Bitcoin reaching an all-time high A fair chunk into June and sentiment is strong as specific catalysts for the market materialise Macroeconomics (we're looking at you, Fed) will likely have the major say on market direction Annnd… we're back. Did you walk away from all things crypto in May? That might not have been the best call, but now is definitely the time to be paying attention if you've ever had interest in this hectic corner of the financial market. It was a landmark month for cryptocurrency, specifically Bitcoin (BTC), which hit a personal best all-time high of $111,814 on May 22, driven by increased institutional adoption and optimism. (Note: BTC is now changing hands for about US$107k at the time of writing.) Macroeconomic conditions have still been more volatile than Elon Musk in a White House spat hepped up on Diet Coke and an ego the size of a Tesla stock bubble. But with chatter surrounding increasingly likely Fed rate cuts, crypto hopium has been rising. The total crypto market capitalisation grew by 10.3% in May, reflecting increasing bullish sentiment across the sector. After the doldrums of March and April, Ethereum (ETH) finally got off its butt and did something notably positive, rallying into areas around $2,583 by mid-May, signalling renewed investor interest in the important layer 1 crypto. XRP, another mega-cap (US$132 billion) crypto stalwart, meanwhile gained more than 12% year-to-date in May, outperforming many other top 50 altcoins. And when ETH and XRP move, the words "altcoin season" usually aren't far behind. That said, we're not making that call (yet), only the fact we're seeing it pop up willy nilly by hopium peddlers the crypto world over. We won't post anything specific, but if you go to X and type "altcoin season" or "crypto supercycle", you'll see what we mean. Here's how BTC fared in May in visually pleasing chart form… Bitcoin's May monthly return Significant investments from firms like Strategy, headed by Bitcoin Bull in Chief Michael Saylor, underscored the growing institutional confidence in crypto and helped give BTC its double-digit monthly lift. Strategy increased its Bitcoin holdings to 580,250 BTC, valued at roughly US$64 billion. And, if you needed any confirmation that bullish sentiment has resumed for Bitcoin and indeed the crypto market broadly, then the market's go-to sentiment gauge has it… May according to Binance Binance Australia's latest monthly report meanwhile pinned Bitcoin's May surge to fresh ETF-driven momentum and growing institutional conviction. According to the report… As BTC hit almost US$112k, US spot ETFs pulled in US$5.25bn – the biggest inflows since Nov 2024. 'Seeing Bitcoin hit an all-time high off the back of these inflows shows just how much mainstream capital is now shaping the market,' said Binance Australia and NZ director of community engagement James Quinn-Kumar. "It also underscores just how strong a link there is between ETF investment and the price movement. ETF flow data is increasingly becoming a key barometer for gauging market sentiment and its likely trajectory. 'More businesses see Bitcoin as a strategic asset… and Aussie traders are starting to explore altcoins with real utility.' The top crypto exchange's research shows that while Bitcoin remains the top choice for institutional investors, a handful of firms are cautiously diversifying into other tokens including Ethereum, Solana and XRP in niche cases. "Analysts project this trend to continue, with some forecasts suggesting corporate BTC treasuries could exceed 1 million BTC by 2026," noted the research. Meanwhile, local Aussie traders stuck to familiar ground according to Binance data. The five most-traded cryptocurrencies on Binance Australia remained unchanged in May, led by Bitcoin, followed by Ethereum, Solana, XRP and BNB, showing continued preference for established assets. What's been happening in June? This month is also shaping up as a positive one Bitcoin and pals, although things have calmed down a tad since May's peak. Here's a summary of key happenings so far and potential catalysts. • As of mid-June, the crypto market is in a spot of consolidation with Bitcoin trading around $107,000, while Ethereum hovers near $2,720. A "healthy" market correction? Let's hope so. • The US Securities and Exchange Commission (SEC) is expected to make a decision on Franklin Templeton's proposed Spot XRP ETF by June 17. Needless to say, this could be a major catalyst for the XRP token. • According to the US Bureau of Labor Statistics' latest data, the US Consumer Price Index (CPI) rose 0.1% in May, below the forecasted 0.2%. Core CPI, which strips out food and energy, increased by 0.1%, against expectations of 0.3%. Year-over-year, CPI hit 2.4%, versus 2.5% expected, and core CPI hit 2.8%, versus 2.9% expected. This soft data contributed to sending Bitcoin back up over US$110k earlier in the week. • Also earlier in the week, two committees in the US House of Representatives advanced the Digital Asset Market Clarity Act of 2025, with strong vote counts for the positive. The Clarity Act defines crypto regulatory roles for the SEC and CFTC, and provides general oversight and consumer protections for the crypto market in the US. A lack of regulatory clarity has been a crypto industry bugbear in the US (and Australia for that matter) ever since crypto was a thing. • Then there's the so-called Genius Act, which looks to have bipartisan support. This week the US Senate made some final revisions to this, a bill that would bring stablecoins into the US traditional finance fold and general legal framework. Would it be bullish for crypto? In short, yes – especially as the US government has indicated it needs stablecoin issuersto keep buying US treasuries. • The next Federal Reserve FOMC meeting is happening on June 18. This should provide some clarity on the Fed's interest rate policies. Volatility? Likely incoming. Binance Australia sponsored this article. Nothing in this article should be construed as financial advice. At the time of writing, the author held Bitcoin and a handful of other cryptocurrencies.
Crypto Insight
11-05-2025
- Business
- Crypto Insight
Bitcoin now deflationary due to Strategy's BTC purchases — Analyst
Strategy, a Bitcoin treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju. 'Their 555,000 BTC is illiquid with no plans to sell,' the analyst wrote in a May 10 X post. 'Strategy's holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders,' Ju continued. Michael Saylor, the co-founder of Strategy, is an outspoken Bitcoin advocate who evangelizes the scarce digital currency to potential investors and has inspired many other companies to adopt a Bitcoin treasury plan. Additionally, Strategy acts as a bridge between Bitcoin and traditional financial (TradFi) markets by funneling funds from TradFi investors into Bitcoin through selling corporate debt and equity, which the company uses to finance more BTC purchases. According to Michael Saylor, over 13,000 institutions hold Strategy stock directly in their portfolios. Bitcoin investors continue to watch the company and its effect on Bitcoin market dynamics. Strategy leads the charge toward institutional adoption of Bitcoin, further restricting the supply of available coins and raising BTC prices, while dampening volatility. Strategy and corporate institutions change the Bitcoin market dynamic Adam Livingston, author of 'The Bitcoin Age and The Great Harvest.' recently said that Strategy is synthetically halving Bitcoin by outpacing miner supply through high demand. According to the author, the current collective daily miner output is approximately 450 BTC, while Strategy accumulates an average of 2,087 BTC per day — over 4 times the daily miner production. Other institutions including hedge funds, pension funds, asset managers, and tech companies continue buying BTC as a portfolio diversifier or a treasury asset to hedge against fiat currency inflation. ETF inflows have also helped to stabilize Bitcoin's price by injecting fresh capital from traditional financial markets, smoothing out the volatility of Bitcoin and making downturns less severe. However, the most august institutional players — sovereign wealth funds — will not ramp up Bitcoin purchases until clear cryptocurrency regulations are established in the United States, according to SkyBridge founder Anthony Scaramucci. Once a comprehensive regulatory framework emerges in the US, it will trigger large blocks of Bitcoin purchases by sovereign wealth funds, increasing Bitcoin's price, Scaramucci added. Source:
