Over the next ten years, trillions of dollars will move from baby boomers to younger heirs, who are more inclined toward digital assets, the report said.
Glassnode's data shows fragile positioning after Bitcoin’s retreat from record highs, while Enflux points to institutional capital and regulatory alignment quietly reshaping the market.
Crypto and related stocks are sliding as traders brace for the July FOMC meeting minutes and Powell’s Jackson Hole speech, fearing a hawkish Fed stance.
The Fed vice chair who leads banking oversight, Michelle Bowman, comes across as a crypto evangelist as she echoes industry views on its regulatory needs.
The Senate only has a discussion draft out on market structure legislation so far, but Scott previously said he expects the bill to be done by the end of September.
The token broke through key support levels in volatile trading after hotter-than-expected U.S. inflation data spurred $460 million in crypto liquidations.
Most of the net proceeds are earmarked for the firm's data center expansion, with $85 million set aside for capped call transactions to mitigate share dilution.