Strike CEO Jack Mallers argued that if Wall Street “kills” Bitcoin, then the asset was never going to succeed in the first place. Bitcoin payments application Strike CEO Jack Mallers said that Wall Street’s growing involvement in Bitcoin poses no threat or conflict to the asset itself. “My one-word answer to that is no,” Mallers told Danny Knowles on the What Bitcoin Did podcast published to YouTube on Thursday, in response to whether institutional involvement threatens Bitcoin’s core principles. “If Wall Street getting into Bitcoin kills it, it was never going to be successful in the first place,” Mallers said.
Institutional capital is returning to crypto as Bitcoin ETFs surge, prediction markets mature and banks accelerate tokenized finance adoption. Institutional capital is flowing back into digital assets, but this cycle looks very different from the last one. Prediction markets are beginning to attract serious attention from Wall Street, Bitcoin exchange-traded funds (ETFs) are once again seeing large inflows and venture giant a16z is loading up another multibillion-dollar crypto war chest. Meanwhile, traditional banks are quietly accelerating their push into tokenized finance infrastructure. Taken together, this week’s Crypto Biz points to a broader shift underway across the industry. Crypto companies are no longer just chasing retail traders — they’re increasingly building products for asse…
S&P Dow Jones Indices puts its iBoxx US Treasuries Index on the Canton Network, allowing institutions to access bond benchmark data through tokens rather than feeds. S&P Dow Jones Indices has tokenized its iBoxx US Treasuries Index on the Canton Network, making a major fixed-income benchmark available as a digital asset and signaling a shift toward onchain data infrastructure in traditional finance. In a Tuesday announcement, S&P said the index was brought onchain together with Kaiko, a provider of digital asset market data and infrastructure that supports the tokenization and onchain delivery of the index. The iBoxx US Treasuries Index is a widely used benchmark that tracks the performance of US government bonds across different maturities, serving as a reference point for institutional i…
Wall Street won’t tame DeFi. Regulation creates compliant tiers atop permissionless liquidity, forcing TradFi to adopt DeFi’s superior speed and composability. Opinion by: Mitchell Amador, founder and CEO of Immunefi There’s an argument that regulation will split decentralized finance (DeFi) into two separate silos: one regulated and compliant and the other completely open and accessible by anyone, including anonymous participants. This argument is outdated.
The USDC issuer's stock is soaring despite a market selloff as stablecoins expand into traditional finance. Meanwhile, Canaan boosts BTC reserves and Wells Fargo eyes crypto services. A selloff in both Wall Street and crypto markets hasn’t slowed Circle’s relentless rise. The stablecoin issuer’s stock has more than doubled since early February, with Bernstein analysts expecting further gains as stablecoins continue expanding beyond crypto’s more speculative use cases. The technology is already moving deeper into traditional finance. UK insurance giant Aon recently piloted stablecoin payments for insurance premiums with Coinbase and Paxos, a move that could make cross-border premium payments faster and more efficient. Elsewhere, Bitcoin (BTC) miner Canaan is taking a contrarian approach to…
Strategy has become the most-shorted large-cap US stock as hedge funds ramp up bearish bets, according to data from Goldman Sachs. Crypto bank Anchorage Digital said it holds Strategy’s perpetual preferred security STRC on its balance sheet, adding an institutional backer to Michael Saylor’s Bitcoin treasury company at a time when Wall Street traders are increasingly betting against it. In a Wednesday post on X, Anchorage co-founder and CEO Nathan McCauley said the purchase shows alignment between two companies built around Bitcoin (BTC) infrastructure and corporate treasury adoption. “Conviction compounds. Institutions don’t just talk about Bitcoin, they structure around it,” McCauley wrote. “When the company that operationalizes Bitcoin infrastructure puts capital alongside the company t…
Crypto illiquidity is pressuring DeFi lending companies, but Wall Street giants continue to increase their exposure to the world’s largest Ethereum treasury company. Large institutional investors continued to add exposure to crypto treasury companies over the past week, even as bear-market illiquidity forced another round of shakeouts across decentralized finance (DeFi). The biggest corporate shareholders of Bitmine Immersion Technologies, including Morgan Stanley and Bank of America, increased exposure to the Ether (ETH) treasury company during Q4 2025 despite a broader market sell-off. Still, ongoing bear-market illiquidity is forcing some protocols to wind down operations, with DeFi lender ZeroLend shutting down. Crypto analytics platform Parsec has also shuttered, citing crypto market…
Big banks aren’t debating crypto anymore — they’re building it. From tokenized cash to ETFs, Wall Street is quietly going onchain. For years, major banks treated cryptocurrency primarily as a risk to be contained. That posture is now giving way to a more deliberate form of engagement. Rather than debating crypto’s legitimacy, banks are increasingly deciding how and where to integrate it, from regulated investment products to blockchain-based payment rails. This shift is on full display in this week’s Crypto Biz. JPMorgan is extending its US dollar deposit token onto new blockchain infrastructure, signaling that tokenized cash is moving closer to production use within global banking. Morgan Stanley, meanwhile, is positioning itself to offer exposure to Bitcoin (BTC) and Solana (SOL) throug…
Federal Reserve policy and crypto-friendly regulation could be setting the market up for a bullish 2026, but there are still a handful of hurdles investors should be aware of. 2025 was a blockbuster year for Bitcoin (BTC) and the wider crypto market as crypto-friendly legislators platformed growth-focused regulation and Wall Street finally accepted Bitcoin, Ether (ETH), and numerous altcoins as a valid asset class worthy of inclusion in an investment portfolio. The global bid on Bitcoin, Ether and Solana’s SOL (SOL) token was near immeasurable, with total net flows into the spot Bitcoin ETFs reaching $57 billion and the total net assets across the ETFs reaching $114.8 billion. Going into 2026, the real question is, will the pace of institutional, corporate and government-level adoption,…
Ripple’s post-SEC rebound is drawing Wall Street backing, including a $40 billion valuation deal with downside protection— and some investors betting on XRP. It has been a long and arduous journey for Ripple. After emerging from a multiyear battle with the US Securities and Exchange Commission, the blockchain-based payments and infrastructure company is pressing ahead with broad ambitions to unify custody, treasury and prime-brokerage services, each underpinned by blockchain technology and stablecoins. Despite the bruising legal fight and the reputational damage that came with it, Ripple has still managed to win over some of Wall Street’s biggest players. This week’s Crypto Biz looks at how Ripple secured a striking $40 billion valuation, and why some of its backers are quietly placing bet…
Ripple’s $500 million raise shows its post-SEC shift is working, as Wall Street piles in under a deal reportedly offering rare protections and guaranteed returns. Ripple’s $500 million raise in November marked a striking turn for a company once defined by its bruising, multiyear battle with the US Securities and Exchange Commission. As its legal challenges ease and Ripple pushes beyond cross-border payments toward a more ambitious crypto-native settlement stack, the company is repositioning itself in ways that are increasingly attracting major Wall Street investors. The round, which Cointelegraph reported valued Ripple at $40 billion, one of the highest valuations for a private company, drew an unusually heavy institutional roster. Investors included Citadel Securities, Fortress Investment…
Bitcoin might be moving sideways, but Jordi Visser says there is still faith in the underlying asset, as shown through ETF approvals and the Bitcoin network hashrate hitting new highs. Bitcoin is in an initial product offering (IPO) phase as OG holders rotate out and fresh blood scoops up the tokens, distributing the supply across a broader number of people, macro analyst and Wall Street old hand Jordi Visser says. In a Saturday episode of entrepreneur Anthony Pompliano’s podcast and a post on Substack, Visser said old coins that have been dormant for years are on the move, “Not all at once. Not in panic. But steadily,” and new investors are stepping in, “accumulating on dips.” “In the traditional world, this moment is called an IPO. It’s the moment when early believers cash out, when fo…
BitMine’s Tom Lee says that Ethereum will eventually flip Bitcoin’s market cap, despite being almost five times smaller currently. Ethereum could eventually surpass Bitcoin’s market share in a similar manner to how US equities overtook gold 54 years ago, when the US abandoned the gold standard, according to BitMine chair Tom Lee. “Ethereum could flip Bitcoin similar to how Wall Street and equities flipped gold post 71,” Lee said in an interview with ARK Invest CEO Cathie Wood on Thursday. Bitcoin’s (BTC) market capitalization is about 4.6 times larger than Ethereum’s, standing at roughly $2.17 trillion compared to $476.33 billion, according to CoinMarketCap.
Grayscale’s spot crypto ETFs bring regulated staking yields to mainstream investors, merging crypto rewards with traditional Wall Street exposure. Grayscale has bridged traditional finance and decentralized crypto by launching the first publicly traded staking investment vehicle. Its staking-enabled ETPs allow investors to earn blockchain rewards without running validator nodes or managing complex technical and custody risks. Grayscale’s Ether and Solana ETPs are the first in the US to combine spot crypto exposure with staking rewards, paying yields through the fund’s NAV or direct payouts.
Bitwise’s Matt Hougan said Solana’s speed and finality make it Wall Street’s top choice for stablecoins and tokenization despite Ethereum’s dominance. Chief investment officer of crypto asset management firm Bitwise, Matt Hougan, thinks Solana will be the Wall Street network of choice for stablecoins and real-world asset tokenization. “I think Solana is the new Wall Street,” said Hougan, speaking with Solana Foundation’s Akshay BD on Oct. 2. He added that the Wall Street audiences consider Bitcoin (BTC) “very ephemeral” and “hard to get their heads around.” They can see what is happening in the stablecoin and tokenization space, and they know that it is going to be “enormously significant,” he said before adding, “Really important people are saying that stablecoins will reinvent payments a…
Wall Street capital is flowing into late-stage, IPO-ready crypto firms, signaling new dynamics at play for the incoming altcoin season. Wall Street’s growing interest in late-stage cryptocurrency firms could disrupt the traditional boom-and-bust cycle of digital assets, according to new research. Crypto financial services firm Matrixport said Friday that more than $200 billion worth of crypto companies are preparing initial public offerings (IPOs), which may raise between $30 billion and $45 billion in new capital. Matrixport said investor focus is rotating away from early-stage bets toward scalable, IPO-ready companies positioned for public markets.
Wall Street leans into crypto: E*Trade to add BTC, ETH and SOL, JPMorgan cools on stablecoin risks, and CFTC tests tokenized collateral. Crypto’s integration with traditional finance is accelerating. Major banks are rolling out crypto trading services, expanding stablecoin initiatives and preparing for regulatory shifts that could let tokenized assets serve as collateral in derivatives markets. This week’s Crypto Biz dives into Morgan Stanley’s plan to launch crypto trading via E*Trade, JPMorgan CEO Jamie Dimon’s cautious acknowledgment of stablecoins and the Commodity Futures Trading Commission’s (CFTC) exploration of tokenized collateral. Plus, Strategy’s Michael Saylor dismisses talk of a fading bull market, predicting institutional demand will push Bitcoin higher in Q4. Morgan Stanley’…
Seven spot XRP ETF rulings and Ripple’s bank charter decision hit in October 2025. Discover why funds see XRP as Wall Street’s dark horse. When financial firms roll out exchange-traded funds (ETFs) for crypto, it often signals that an asset is crossing from niche into the mainstream. Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) are already trading in the US, attracting billions from institutions and retail investors who want exposure without holding tokens directly.
Wall Street veteran Jordi Visser says Bitcoin allocations in traditional finance portfolios "will go higher" next year. Wall Street veteran and macro analyst Jordi Visser is forecasting that US financial institutions are set to ramp up their Bitcoin allocations before the year is out. “Between now and the end of the year, the allocations for Bitcoin for the next year from the traditional finance world are going to be increased,” Visser told Anthony Pompliano during an interview published to YouTube on Saturday. “I think Bitcoin’s allocation number will go higher across portfolios,” Visser said. “That is going to happen,” he emphasized.
Tariffs slam US Bitcoin miners with nine-figure bills, Polkadot courts Wall Street, SharpLink loads up on ETH and Beijing hints at a yuan-backed stablecoin pivot. The Bitcoin mining industry is squarely in the crosshairs of the US-led trade war, with publicly traded miners receiving hefty invoices from US Customs and Border Protection (CBP). Yet, in a twist, a mining venture backed by US President Donald Trump’s family secured more than 16,000 rigs from China’s Bitmain without incurring additional duties. Beyond mining headwinds, the broader blockchain sector is intensifying efforts to court Wall Street as institutional adoption accelerates across exchange-traded funds, corporate treasuries and tokenized real-world assets. Ether (ETH) treasury firms are also ramping up accumulation, while…
