The chief executive of top US-based crypto exchange platform Coinbase says that traditional finance (TradFi) institutions are about to ramp up their crypto investments. In a new thread on the social media platform X, Coinbase CEO Brian Armstrong – who just met with numerous world and business leaders at the World Economic Forum conference in […]
The post ‘Floodgates Are Opening’ – Coinbase CEO Brian Armstrong Says TradFi Firms Accelerating Crypto Investments appeared first on The Daily Hodl.
Robinhood CEO Vlad Tenev is predicting that stocks and other traditional finance (TradFi) assets will eventually move on-chain like cryptocurrencies. In a new interview with investor Anthony Pompliano, Tenev says that the efficiencies gained by using blockchain technology make its adoption by traditional finance inevitable. He also predicts that US President-elect Donald Trump and his […]
The post Robinhood CEO Vlad Tenev Predicts Stock Market Will Move On-Chain in Merging of Crypto and Equities appeared first on The Daily Hodl.
Real Vision’s crypto analyst Jamie Coutts is outlining the major trends that the cryptocurrency industry is likely to witness in 2025. Coutts says on the social media platform X that the decentralized finance (DeFi) sector could go up by between 4x and 5x as a result of the traditional finance (TradFi) sector entering the space. […]
The post This Crypto Sector Could Rally by up to 5x in 2025 and Outperform Bitcoin, Ethereum and Solana, Says Analyst appeared first on The Daily Hodl.
According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.
Deribit, one of the world’s largest cryptocurrency derivatives exchanges, plans to integrate Ethena’s synthetic dollar USDe (USDe) as rewarding margin collateral.
As part of the integration, Deribit will enable users to earn rewards for holding USDe and use it as derivatives margin collateral in a cross-collateral pool, the firm announced on Nov. 22.
According to Deribit, the exchange targets including USDe in its cross-collateral pool as of early January, pending regulatory approval.
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity. Howard […]
Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out.
The value of tokenized real-world assets (RWA) will exceed that of cryptocurrencies on Web3 in the next few years, Chainlink co-founder Sergey Nazarov said in his keynote presentation at TOKEN2049 in Singapore on Sept. 18. That surge of value flowing from traditional finance (TradFi) will drastically alter the nature of the blockchain industry.
“This is the role I think we should all be preparing for. […] TradFi will be the largest customer of DeFi [decentralized finance],” Nazarov said. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) may have a crucial role to play in an emerging Internet of Contracts that will link central bank digital currency, asset chains, consortium chains and public blockchains, he added.
The Chainlink oracle network “already powers the majority of DeFi,” having enabled $15.49 trillion in transaction value since 2022, Nazarov said. For TradFi to use blockchain technology, it needs access to a variety of types of data, including live data, “to make TradFi smart contracts function properly.”
CryptoQuant chief executive Ki Young Ju thinks “something is happening behind the scenes” as permanent holder addresses gobble up Bitcoin (BTC). Young Ju tells his 360,800 followers on the social media platform X that 404,448 Bitcoin have moved to permanent holder addresses over the past 30 days, a clear sign of accumulation. “Within a year, […]
The post TradFi Institutions To Announce They’ve Acquired Bitcoin, Predicts CryptoQuant CEO appeared first on The Daily Hodl.
According to Josh Neuroth, the Vice President of Product at Quicknode, Layer-2 (L2) scaling solutions known as zero-knowledge (ZK) rollups can potentially solve the most pressing issues in blockchain technology. Hence, the buzz around them is “well-founded.” He added that unlike the speculation-driven non-fungible token (NFT) frenzy, interest in ZK rollups is grounded in their […]
The president of payments firm Ripple says the company is aiming to be the number one digital aset infrastructure provider for financial services. In a new company blog post, Ripple president Monica Long says the firm is looking at more opportunities to move the traditional finance (TradFi) world over to more modern financial tools. Long […]
The post Ripple Working To Bridge Gap Between TradFi and Web3, According to President Monica Long appeared first on The Daily Hodl.
Traditional finance (TradFi) is starting to take the lead on tokenizing real-world assets (RWA), says blockchain data tracker Kaiko Analytics. According to a new Kaiko Research post, TradFi giants like Fidelity, JPMorgan, and BlackRock are leading the new wave of RWA tokenization using crypto. “Last week, Fidelity International announced its participation in JPMorgan’s tokenized network, […]
The post TradFi ‘Dominating’ Tokenization of Real World Assets Trend, According to Kaiko Analytics appeared first on The Daily Hodl.
