Author: 行政

Pakman says crypto token values remain too disconnected from the underlying economic performance of the networks they represent. He believes paying contributors in stablecoins could attract talent that prefers predictable compensation over speculative token exposure. He argues clearer regulation could eventually help strengthen the relationship between governance tokens and network value. CoinFund Managing Partner David Pakman believes one of the cryptocurrency sector’s biggest unresolved issues is designing token economies that genuinely reflect the long-term performance of the networks behind them. Pakman argued that the value of many native crypto tokens remains driven by narratives and social media activity rather than…

Democratic senators are demanding ethics safeguards tied to President Trump’s crypto interests before supporting the CLARITY Act. Trump’s reported US$1.4 billion (AU$2.03 billion) in crypto earnings has intensified debate as bipartisan negotiations continue. The bill would establish a federal regulatory framework for digital assets but still faces significant political hurdles in the Senate. Democratic opposition to the Digital Asset Market CLARITY Act is intensifying as the US Senate moves closer to considering the cryptocurrency market structure bill, with ethics rules emerging as the central point of dispute. Senators Chris Murphy, Chris Van Hollen and Jeff Merkley have urged colleagues to…

JPMorgan analysts led by Kenneth Worthington cut the bank’s Coinbase price target to US$196 (AU$282.24) from US$283 (AU$407.52) on July 14, keeping an Overweight rating, and lowered earnings estimates for both Coinbase and Circle. Under the revised agreement, Coinbase classifies USDC held on Hyperliquid as on-platform, collects the reserve income and pays 90% of it to Hyperliquid; the two companies previously split that revenue almost evenly. JPMorgan estimates Hyperliquid holds about US$6 billion (AU$8.64 billion) of USDC, roughly 8% of a circulating supply that has slipped to about US$73 billion (AU$105.12 billion) from US$80 billion (AU$115.2 billion) in March. JPMorgan…

US consumer prices fell 0.4% in June, the largest one-month decrease since April 2020, taking annual inflation to 3.5% from 4.2%, the Bureau of Labor Statistics reported on July 14. Bitcoin traded near US$64,700 (AU$93,218), up about 3.5% in 24 hours, while Ether outperformed at about US$1,875 (AU$2,700), up roughly 5.2%, according to CoinGecko data. Markets price roughly 80% odds the Federal Reserve holds rates at 3.50%–3.75% on July 28–29, and 21Shares strategist Matt Mena flagged a possible US$100,000 (AU$144,000) push by quarter-end. Bitcoin climbed above US$64,000 (AU$92,160) on Tuesday after US consumer prices fell 0.4% in June, the largest…

Public companies’ Bitcoin treasury reserves become something very different once pledged to lenders. They become collateral, measured against loan ratios that can force a company to post more Bitcoin, repay debt, or risk lender sale rights within hours.That risk is no longer theoretical. Fold received a formal collateral-maintenance notice in February and posted 50 BTC. Empery Digital’s continuing loan crossed its collateral-call level and the company posted 576 BTC. Nakamoto separately posted 688 BTC to satisfy maintenance requirements.Fold disclosed a formal lender notice. Empery and Nakamoto reported topping up collateral after hitting loan thresholds. However, there was no indication that…

Bitcoin approached $65,000 on July 14 as a sharper-than-expected slowdown in US inflation weakened the case for another near-term Federal Reserve interest rate increase.Data from CryptoSlate showed that BTC rose as high as $64,832 once the report landed, gaining about 4% from its intraday low and coming within $200 of a threshold it has struggled to hold over the past month.This price performance followed the consumer price index falling 0.4% in June, its largest monthly decline since April 2020, the Labor Department said. Prices were 3.5% higher than a year earlier, down from 4.2% in May and below economists’ forecast…

Airbnb co-founder and CEO Brian Chesky took to X (formerly Twitter) to argue that real-world asset tokenization should be judged by how much ownership friction it removes and whether holders can trust whoever holds the underlying asset.[Editor’s note: He announced no Airbnb tokenization product.]Applied to Airbnb, his thesis points to a counterintuitive opportunity. The company could use its marketplace reach and identity, along with booking and payment signals, to support regulated financing for hosts, while separate lenders, issuers, special-purpose vehicles, custodians, and title systems define the legal claims and keep the homes off Airbnb’s balance sheet.Chesky cited fractional access, faster settlement…

Crypto and tokenized assets appear to be finding their way into all aspects of finance at the moment.However, when South Korea’s KOSPI fell as much as 8.22%, triggering a 20-minute halt on July 13, trading volume on Korean crypto exchange Upbit rose modestly, leaving little evidence that traders made a durable shift from legacy stock trading platforms to crypto exchanges.KBS World reported the intraday equity decline and circuit breaker. The sell-off came as renewed tensions in the Middle East pushed oil prices higher, while steep losses in Samsung Electronics and SK Hynix amplified the decline across Korea’s chip-heavy benchmark.Upbit volume rose…

Glassnode reported that XRP holders who bought between 6 and 12 months ago have an average cost basis near $2.22, roughly 52% above the token’s price of $1.08 on July 14, and far above the $ 1.09-$1.11 realized price for coins bought in the past month.XRP perpetual funding spanned a 2.6-basis-point range as of July 12, running from -0.016% on Kraken, through -0.003% on Coinbase, -0.002% on Bybit and Crypto.com, and roughly 0% on Binance, up to +0.005% on Gate, +0.006% on Hyperliquid, and +0.010% on Bitget and Huobi.How far underwater each cohort sitsGlassnode calculates realized price as the average…

Bolivia’s government is evaluating whether to include USDT in its regulated payment system alongside the boliviano and the US dollar, according to local media.Cryptoassets are authorized in the country with no legal-tender status attached.The country’s finance minister described the current state as a prohibition lifted without a clear regulatory framework, with the technical review still underway, La Razon reported.A dollar shortage or currency instability pushes citizens toward dollar-stablecoins first, with merchants and businesses accepting them next, banks eventually providing access, and governments formalizing the arrangement only once it has become too widely used to unwind.Virtual asset operations in Bolivia rose…