AltSignals Blog

Crypto investors, known as bond vigilantes, influence the markets by selling bonds during significant policy changes, thereby pushing yields high. This strategy, alongside the recovery of US stock indices like Dow Jones and Nasdaq, mirrors the ongoing crypto price rally. Other factors such as President Trump’s tariff policies and the potential for Federal Reserve cuts also impact the crypto market, resulting in a possible continued increase in prices.

ARK Invest revises its decade-end price target for bitcoin to $2.4 million, up 60% from its January 2024 estimate. This forecast depends on various factors such as institutional investment, bitcoin’s role as digital gold, usage in emerging markets, and adoption for treasury holdings. The bullish projection mirrors the current trend of declining exchange balances, indicating long-term holding behavior, and reinforces positive sentiment around the cryptocurrency’s future.

Ondo Finance surpasses $3 billion market cap following a strong rally and high-profile meeting with the U.S. Securities and Exchange Commission on tokenizing U.S. financial assets. The surge in trading volume points to rising investor interest in ONDO, with the currency trading at around $1.01 at the time of writing. The article investigates the impact of this development on the crypto market and the potential future movements of ONDO.

The Federal Reserve aligns with other US banking regulators in removing previous crypto guidelines, allowing banks greater autonomy in cryptocurrency activities. This significant policy shift, which awaits further clarification from Congress, aids in supporting banking innovation within evolving risks, while the Fed monitors banks’ crypto dealings through routine supervision.

The Swiss National Bank’s Chairman, Martin Schlegel, rejects calls to add Bitcoin to the bank’s reserves amidst increasing macroeconomic turmoil. This decision comes in response to the local crypto industry’s pressure, with crypto brokers arguing that holding Bitcoin makes more sense as global dynamics shift. Despite the ongoing campaign to constitutionally mandate the bank to hold Bitcoin, Schlegel cites concerns such as lack of stability, liquidity issues, and security risks as reasons for not adopting the cryptocurrency.

Bitcoin trading hits recent high, currently near $95,000. An upbeat week for stocks has raised investors’ risk appetite. ARK Invest expects Bitcoin to rise to around $300,000 to $1.5 million by 2030. Crypto stocks are also on the rise, with MSTR and COIN leading gains. The week also saw eased regulatory burdens for banks with crypto offerings.

MagicBlock, a tech firm developing real-time applications on Solana, recently raised $7.5 million in a seed funding round. This follows a $3 million pre-seed round, taking their total to $10.5 million. The firm plans to use the capital to expand its engineering team and infrastructure. MagicBlock’s Ephemeral Rollups technology offers apps fast speeds and flexibility without leaving Solana. The startup works with various projects to enable real-time trading, gaming, and communication directly on Solana.

Japanese investment giant SoftBank announces its support for a new bitcoin investment venture, Twenty One Capital, alongside well-known crypto stakeholders Tether, Bitfinex, and Cantor Fitzgerald. The investment represents SoftBank’s renewed interest in the crypto sector and is seen as a positive sign of increased institutional crypto adoption. However, the past experiences of SoftBank’s founder, Masayoshi Son, who incurred substantial losses in a previous bitcoin investment, raise questions about the potential success of this new venture.

Polygon Labs CEO, Marc Boiron, calls for a shift in decentralized finance (DeFi) practices, suggesting sustainable treasury management, owned liquidity and transparent models as solutions to the ongoing liquidity crisis. He urges protocols to prioritize economic sustainability over quick returns, predicting a more stable DeFi environment with institutional involvement by 2023. Find out more about Polygon’s approach to sustainable DeFi and its potential impact on the ecosystem.