Institutions across the globe are adopting cryptocurrency, offering new services and buying into blockchain tech, despite slumping Bitcoin price. Markets are in a slump, with Bitcoin’s (BTC) price sinking below the $100,000 threshold. Despite a downward correction in markets, institutions continue to adopt digital assets in their operations. In the US, a major digital trading platform and chartered bank has opened crypto trading to institutional clients. The derivatives arm of the Singapore Exchange is getting into digital assets as well, opening up perpetual futures trading in crypto. Policy changes have allowed some firms to offer crypto exchange-traded products (ETPs), expanding the availability of crypto-related institutional financial products. Read more
Institutions must stake ETH on decentralized networks using Distributed Validator Technology to secure Ethereum and maximize returns. Opinion by: Alon Muroch, founder of SSV Labs A green light for institutional staking alone will not signal a long-term future for Ethereum. As institutions enter the Web3 ecosystem, they need to recognize that ETH isn’t an asset that can be fit into existing TradFi molds; it’s the World Computer. Unless institutions can embrace Ethereum’s philosophy of decentralization, as well as its token, their core infrastructure and inherent proposition are doomed to fail. The dot-com bubble offers a cautionary tale for Ethereum adopters. It burst partly because institutions dove headfirst into the consumer internet’s lucrative market potential without sufficiently understanding the infrastructure beneath it. The gap between capital and comprehension bred dysfunction. Read more