Crypto Industry News & Market Trends

Fed study finds crypto investors driven by beliefs, easily swayed by returns

A new Federal Reserve Bank of Cleveland working paper offers a provocative explanation for why cryptocurrency behaves so differently from traditional financial assets: Americans who buy crypto don‘t simply have different demographics or risk appetites, they have radically different beliefs about digital assets’ future returns.　　The finding could help explain both cryptos persistent volatility and the way rallies can attract new buyers, potentially creating a feedback loop in which rising prices reinforce bullish expectations and pull more investors into the market.　　Using repeated surveys of as many as 25,000 US households per wave, researchers Michael Weber, Bernardo Candia, Olivier Coibion and Yuriy Gorodnichenko found that expectations about crypto returns explain more of the variation in who owns cryptocurrency than a broad range of demographic characteristics.　　The paper, titled “Do You Even Crypto, Bro？ Cryptocurrencies in Household Finance,” also uses a randomized information experiment to show that simply giving people information about Bitcoins (BTC) recent performance can increase both their desired crypto allocation and their subsequent purchases.　　Perceived risk of crypto by ownership. Source: Federal Reserve Bank of Cleveland　　The researchers say the results point to a potential mechanism behind speculative bubbles: past gains can attract new investors, whose purchases push prices higher and potentially attract

08-24Industry

Ethereum Rotation Takes Shape, Tom Lee Claims

Fundstarts Tom Lee is confident that rotation into ETH has already started.　　The setup for this rotation has been nearly a decade in the making, according to Lee.　　Is ETH going to $10K？　　According to Tom Lee, ETH could easily reach $10,000 within the next one or two years.　　The extremely bullish take is based on this assumption that ETH will be able to become the settlement layer of the future.　　At the same time, he is confident that a proper DAT will be able to outperform the underlying asset.　　Lee has argued that Ethereum remains significantly undervalued relative to Bitcoin. His thesis is based in part on Ethereum regaining the historical valuation relationship it has maintained with Bitcoin.　　Bitcoin trading guide　　In June, Lee said Ethereum could eventually reach $250,000. He believes that the network could become increasingly important for decentralized finance, tokenized assets and artificial intelligence.　　His role at BitMine has also given the forecast greater significance. BitMine has pursued an aggressive Ethereum treasury strategy. Lee serves as the companys chairman. Reuters reported in July 2025 that BitMine had launched the strategy with a $250 million private placement and had accumulated more than 163,000 ETH by July 14.　　Ethereums recent recovery　　The price of Ethereum has gained more than

08-24Industry

RWA deposits triple to $7.4B as DeFi activity falls

RWA deposits across decentralized lending and trading platforms reached $7.4 billion during the second quarter of 2026, more than tripling from $2.3 billion one year earlier, according to an Aug. 6 CoinShares report produced with Token Terminal.　　SummaryRWA deposits more than tripled from $2.3 billion to $7.4 billion within one year period.Tokenized asset spot volume increased 220% while broader decentralized exchange activity declined approximately 70% yearly.Almost 70% of deployed RWA collateral remained within Ethereum based lending markets during the period.TradeXYZ recorded approximately twentyfold volume growth as demand expanded for tokenized perpetual futures markets worldwide.Tokenized equities reached approximately $2.2 billion, leaving adoption tiny beside global stock markets overall.　　The increase occurred as total DeFi deposits declined approximately 15% between the second quarters of 2025 and 2026. Spot trading in tokenized real world assets also rose about 220%, while aggregate decentralized exchange volume fell roughly 70%.　　CoinShares said the divergence supports its view that tokenization is becoming “structural, not cyclical.” The figures show stronger use of tokenized assets during a weaker period for crypto markets. However, they do not establish that demand has become independent of market cycles.　　You might also like:　　XRP Ledger privacy vote targets $530M RWA market　　The report covers distributed tokenized funds, stocks and

08-24Industry

Markets wait for Nvidia and Jackson Hole – Dollar still under pressure

Important News this week　　Wed, 26th, 03:30 CET AU Consumer Price Index.　　Discover more　　NEWS　　Selecting An Online Payment Gateway　　Investing In Digital Currencies And Crypto　　Wed, 26th, 14:30 CET US Core PCE Price Index.　　Thu, 27th US Jackson Hole Symposium Begins.　　Fri, 28th, 14:30 CET CA Gross Domestic Product.　　Markets wait for Nvidia and Jackson Hole – Dollar still under pressure　　The US Dollar remains weak, while markets are moving mostly sideways without a clear directional signal. Equities are consolidating after their recent gains, with traders increasingly focused on Nvidia earnings on Wednesday, which could provide a major catalyst for the Nasdaq and broader risk sentiment.　　Crypto remains notably strong. Bitcoin and Ethereum are both trading above their 50-MA on the weekly chart, an important technical improvement. After the strong bullish week recently, continued price action above these levels could support another leg higher. The DXY remains near the lower end of its longer-term range. Further Dollar weakness is possible, although the broader support zone remains clearly visible and could attract buyers.　　Market talk　　The second half of the week could bring significantly more volatility. Jackson Hole starts Thursday, putting the Federal Reserve and its policy outlook back in focus. Any shift in expectations around rates could move the Dollar, equities and

08-24Industry

South Korea speeds up Digital Asset Framework Act for fall passage

South Korea has moved to accelerate work on its Digital Asset Framework Act, with Financial Services Commission Chairman Kim Byoung-hwan saying the government will step up consultations as lawmakers press for the legislation to be completed this fall.　　News1 reported on Aug. 24 that Kim made the comments during a plenary meeting of the National Assemblys Political Affairs Committee in Yeouido, Seoul, after Democratic Party lawmaker Lee Kang-il questioned when the government would submit its own version of the bill.　　Kim said officials were preparing the proposal and would move into more intensive consultations, although he did not provide a firm submission date. When Lee asked whether the government could complete its work in time for legislation during the fall session rather than letting the process move into next year, Kim said he would do his best to speed up discussions.　　The proposed law forms the second phase of South Koreas virtual-asset regulatory framework and is expected to set rules covering stablecoin issuance, virtual asset service providers, disclosures, internal controls and other parts of the domestic crypto market.　　Digital Asset Framework Act faces pressure for a fall timetable　　Lee pressed the FSC to move faster, arguing that South Korea risks falling behind other major financial

08-24Industry

Wintermute is short on all big assets except for BTC

The recent market volatility brought a new wave of scrutiny on the positions of Wintermute. The leading market maker has been closely watched for spot and derivative positions, with the potential to sway the price of BTC and other assets. 　　Wintermute holds large-scale short positions on most of the crypto market, based on Hyperliquid on-chain data. The market makers positions have been identified by Arkham Intelligence, listing 129 derivative positions on Hyperliquid.　　Wintermute switched short on most assets, with the exception of BTC. The market maker is up over $204M on its positions, which may be used for hedging spot trades. | Source: Arkham Intelligence　　As Cryptopolitan reported, Wintermute increased its influence by carrying an even larger share of institutional trades and positions. Wintermute also registered with the US SEC as a broker-dealer, becoming an even more important player in crypto trading.　　In the past week, Wintermutes activities were closely tracked as a source of signals for BTC and other assets. In the past week, on-chain explorers showed Wintermute sent 3,834.3 BTC to Binance, with around 590 BTC in the past day. The latest inflows of Wintermute funds to exchanges are seen as the strongest signal for a shift in price direction.　　While Wintermute

08-24Industry

CFTC chair says agency will move forward on crypto regulation if CLARITY fails

Michael Selig, who chairs the US Commodity Futures Trading Commission (CFTC), signaled that the agency would not be idle while Congress continued to debate provisions in a cryptocurrency market structure bill.　　In prepared remarks for the inaugural meeting of the CFTCs Innovation Advisory Committee on Thursday, Selig said that the commission would move forward on crypto regulations even in the absence of the Digital Asset Market Clarity (CLARITY) Act being passed by lawmakers, adding it would “help [Donald Trump] deliver if Congress will not.” According to the chair, he had already directed staff to allow registered and non-registered entities to offer “crypto asset trading on a leveraged or margined basis” and explore developer protections.　　“We‘re going to give CLARITY its breathing room for a vote, but if the Democrats cannot support a bipartisan work product, which reflects compromises from both sides of the aisle, and ultimately send a fair version of the bill to the President’s desk, then rest assured, I will direct CFTC staff to move swiftly to propose these new rules for the industry,” said Selig.　　The market structure bill is effectively paused until the US Senate returns to session in September, when Majority Leader John Thune is expected to hold

08-22Industry

Bitcoin rally sends crypto stocks soaring as miners, treasury companies jump

Shares of Bitcoin miners and digital asset treasury companies surged toward the end of the week, tracking a broader rally across crypto markets after the US Treasury announced it would double certain long-dated bond buybacks — a move aimed at supporting liquidity in the Treasury market that also helped bolster risk appetite.　　Bitcoin (BTC) miner Canaan led crypto-related stocks on Friday, rising more than 25%. MARA Holdings edged higher after gaining nearly 16% during Thursdays session.　　Strive, which holds more than 20,000 Bitcoin (BTC) on its balance sheet, jumped more than 16% on Friday. Japan-listed Metaplanet, which recently expanded its Bitcoin treasury strategy by acquiring Nasdaq-listed Super League Enterprise, also gained more than 16%.　　Shares of crypto exchange Coinbase and brokerage platform Robinhood posted double-digit percentage gains, underscoring how BTCs recovery spilled over into publicly traded companies with direct exposure to digital assets.　　Crypto-related stocks were rallying as Bitcoin extended its weekly gain to more than 23% on Friday, briefly topping $79,000, according to CoinMarketCap data. Ether (ETH) gained nearly 30% over the same period, climbing above $2,400.　　Related: Crypto Biz: Treasury‘s ’Not-QE playbook sends Bitcoin higher　　Trump adds regulatory tailwinds to crypto rally　　Digital asset markets also drew support from comments by US President Donald Trump

08-22Industry

Ray Dalio says to buy ‘a bit’ of Bitcoin amid potential debt crisis

The founder of the Bridgewater Associates hedge fund, Ray Dalio, called on investors to put money into gold and “a bit of Bitcoin” in response to a looming debt crisis.　　In a Friday LinkedIn post, Dalio said having between 10% to 15% of ones portfolio in gold could help reduce risk. He advocated for gold and Bitcoin (BTC) as assets to be overweight compared to debt assets like bonds, citing risks from “internal political and external geopolitical conflicts.”　　“My guess, which I suppose will be a bad one, is that [a US debt crisis] will come in three years, give or take two, if the course were on is not changed,” said Dalio.　　The Bridgewater Associates founder, with an estimated net worth of more than $15 billion, has previously argued that Bitcoin could not replace gold as a store of value and warned about privacy concerns and threats from quantum computing. His Friday comments echoed those from July 2025, when he said he held some, “but not much” Bitcoin, and recommended holding up to 15% in the cryptocurrency and gold.　　In 2022, months before a significant crypto market downturn, Dalio said that holding between 1% to 2% of BTC in ones portfolio was “reasonable.”　　Related:

08-22Industry

Galaxy says Reg Crypto could end token legal ambiguity

Galaxy Research has said the SECs proposed Reg Crypto framework could give hundreds of existing tokens a formal route out of investment contract status.　　SummaryThe SEC expects about 475 issuers each year to use the proposed safe harbor.Galaxy said the exit process could matter more initially than the two fundraising exemptions.Reg Crypto would permit qualifying offerings of up to $5 million or $75 million.Public comments on the proposed rules are due by Oct. 20.　　Galaxy Research, in an Aug. 21 analysis, said the proposal could replace years of uncertainty over when an investment contract tied to a token ends with a filing and a recorded date.　　Alex Thorn, Galaxys head of firmwide research, said the first visible effect could be the resolution of securities-law questions surrounding tokens already in circulation, rather than a fresh wave of public token sales.　　The SEC estimated that about 475 issuers would file transition reports under the investment contract safe harbor each year. By comparison, the agency expects approximately 130 annual offerings across the proposals two new fundraising exemptions.　　According to Galaxy, the difference suggests that existing projects may have more immediate use for the exit process than new issuers have for the fundraising routes.　　“Reg Crypto could provide meaningful regulatory

08-22Industry

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