Ethereum financial strategies are emerging, with companies focusing on generating yields through staking rather than just holding as an asset. Bernstein's report outlines the complexities and risks involved, emphasizing strong structural demand for ETH.
Japan Post is expanding its NFT utilization project in the Iwami Ginzan area and will collaborate with the Ministry of Land, Infrastructure, Transport and Tourism to implement the "Digital Stamp Rally 2nd Edition." The aim is to build sustainable relationships by cooperating with local tourism and businesses.
G.U.Group announced a new NFT project on the Japan Open Chain to support children's welfare. The NFTs, inspired by Japanese yokai, are priced at ¥50,000 each, with sales starting on July 26, aiming to fund the foundation's activities.
The stock price of hyperscale data has risen by 12% following the official recognition of XRP acquisition as part of a digital asset strategy worth 10 million Dollars (approximately 1.48 billion yen, based on 148 yen to the Dollar). The company plans to release a weekly update on the status of XRP holdings starting from August 12. The company is considering a 36-month lock-up on its XRP holdings and may increase the investment limit depending on market conditions. The stock price of Hyperscale Data has been announced previously that the company will allocate up to 10 million Dollars (approximately 1.48 billion Yen) to XRP as part of its broader digital asset strategy.
CoinShares has launched a new ETP providing exposure to SEI, offering a 2% staking yield with zero management fees, aiming to simplify access for institutional investors in Europe, where crypto ETPs lag behind U.S. Bitcoin ETFs.
The CBOE VIX index is expected to rise in August, suggesting increased volatility in Bitcoin due to its correlation with the U.S. financial market. Historical patterns indicate that this month often sees significant price swings in both stocks and Bitcoin.
JP Morgan raised the stock rating of Mara Holdings to "Overweight" and downgraded the ratings of Irlen and Riot to "Neutral." The rise in Bitcoin prices and the improvement in Mining profit margins had an impact.
In June, Bitcoin mining profitability rose over 5% despite a decrease in production by North American miners. Factors included rising Bitcoin prices and energy costs. Marathon led production, while overall North American output fell.
MetaMask has partnered with Aave to enable over 100 million users to earn yields on stablecoins directly through their wallets. The "Stablecoin Earn" feature allows users to generate passive income without navigating complex DeFi platforms.
A Gallup survey reveals that only 14% of American adults own cryptocurrency, despite an increase from 2% in 2018. Many view it as a high-risk investment, with 64% labeling it "very risky." Interest remains low among demographics like women and the elderly.
Traders face a dilemma regarding Bitcoin entry points amidst its price fluctuations. Markus Thielen suggests that a decline to the support level around $111,673 could offer a balanced risk-reward opportunity, while exceeding $120,000 would confirm a breakout as an ideal entry.
PayPay's app has introduced an "Ethereum Course" for point investment, allowing users to experience asset management linked to Ethereum's price alongside the existing Bitcoin course. This development responds to demand for more cryptocurrency-related options amid Ethereum's price fluctuations.
Zircuit has launched its AI trading engine, "Hyperliquid for AI Trading," enabling real-time signal detection and one-click automated trading on EVM chains and Solana, enhancing its on-chain financial toolkit.