Crypto Flash Retirement Plan $ 200k Bitcoin Signal Despite the fall: Finance re -identified
Despite the collapse of the market this week, some analysts predict that the integration of digital assets in the US 401 (K) retiring plans can open billions -billion dollars to new autumn streams, which potentially drive Bitcoin to recording highs.
This “bullish” development can push Bitcoin (Btc) More than $ 200,000 before the end of the year, signing another $ 122 billion worth of new capital while assuming a moderate 1% portfolio allocation, André Draamotch, head of European research to Crypto asset manager, told Cointelegraph.
Corporate Bitcoin Treasury Acquisitions are constantly attracting new enterprises, such as NASDAQ listed NASDAQ health services and Bitcoin Treasury Firm KindlyMD, who made its first Bitcoin investment of $ 679 million on Tuesday.
Other large investors turn from Bitcoin to to bet on Ether (Eth) Price appreciation. On Thursday, a Bitcoin Whale Sent $ 189 million worth of BTC to Hyperliquid decentralized exchanges and have converted most of them to a $ 295 million continuous long position and a subsequent $ 240 million places Position of eth.
Crypto in US 401 (K) Retirement Plans can drive Bitcoin to $ 200,000 in 2025
Cryptocurrency integration with US retirement plans can mark a milestone for the adoption of Bitcoin and unlock billions of dollars to new capital, which potentially push the owner of more than $ 200,000 at the end of 2025, according to André Draggch, head of European research in Crypto Assset Manager.
President Donald Trump has prepared the way Integration of cryptocurrency with US 401 (k) retirement plans By signing an executive order on August 7, which provides access to Americans on digital assets through their retiring plans.
Crypto integration with 401 (k) plans can be more significant for Bitcoin (Btc) price than approved US area Funds exchanged by Bitcoin Exchange (ETF) In January 2024, Drogosch said.
This “bullish” development may be “greater than approved by the US Bitcoin ETF itself,” which signed another $ 122 billion worth of new capital while assuming a moderate 1% portfolio allocation, Drogosch said to cointelegraph during the reaction of the day -day chain -day showing the space Proposal:
“The official prediction remains $ 200,000 by the end of the year.”
“If you look at 401 (K) and specified retirement retirement plans in the US, they are huge,” Dragosch said, adding that 1% is a “relatively conservative” estimate of allocation for the $ 12.2 trillion industry.
Includes digital assets in retirement plans will provide —aan to 401 (k) portfolio managers to invest Bitcoin etf.
Kanye West Yzy Sniper Wallet linked to $ 21 million Libra Extraction Scheme: Analysts
An onchain investigation by pseudonymous analyst Dethective connects a purse that snips Kanye West-themed token Yzy to another set of purses behind the Libra token, suggesting that the same operator took tens of million dollars using the insult.
In a series of x Posts On Thursday, Dethective announced that a Yzy Sniper Wallet managed to buy $ 250,000 worth of tokens at just $ 0.20, which is less than the price paid by most businessmen. Within minutes, the purse gained more than $ 1 million income, which was eventually made in a treasury wallet.
Both treasury wallet also received a large sum from the wallets tied to Libra’s launch six months ago. Two “Libra Sniper” wallets earned a joint $ 21 million. In total, about $ 23 million were pulled throughout Yzy and Libra launching, with funds that eventually moved to Kamino or Binance.
“We can be sure that this is someone with clear information inside,” Dethective wrote. “The proof is that he has not sneezed any coin besides $ yzy and $ Libra and he is ready to have a large size,” they added.
The Bitcoin Bull and Billionaire Files for the $ 250 million spac targeting Defi, AI
Early Bitcoin and billionaire investors Chamath Palatiya filed to raise $ 250 million in the blank company “American Exceptionalism Acquisition Corp A,” which targets decentralized finances, AI, energy and defense sector.
The Special Purpose Acquisition Company (SPAC) will be led by Capital Governance Steven Trieu as CEO and Palaitiya as Chairman, According to In a statement of registration filed with the US Securities and Exchange Commission on Monday.
The $ 250 million increase aims to offer 25 million shares to $ 10 each under Ticker Aexa in the New York Stock Exchange.
Palihapitiya and Trieu estimate decentralized finances, not Bitcoin, to rule the next wave of modern financial, focusing on solutions that bridge traditional markets with blockchain technology:
“While Mr. Palaitiya has long been a proponent of Bitcoin as an inflation hedge and alternative to fiat currencies, we believe that the next stage of development is the increasing integration between traditional finances and decentralized finance.”
Ex-white house crypto director Bo Hines takes tether advisory role
The giant Stablecoin Tether has hired former Director of the White House Crypto Council Executive Bo Hines as the new strategic counselor for digital assets and approach to the US, which has signed a push to expand the world’s largest economy.
Tether, the one who gave usdt (USDT.
Hines had previously served in the administration of President Donald Trump, where he worked at initiatives to protect the digital asset innovation, set guards for those who provided Stablecoin and developed a partnership between the government and the blockchain government.
In his new role, Hines will cooperate with Tether’s leadership team to carry out the entry into the US market and cultivate “constructive relationships” with policy manufacturers and industry stakeholders.
The “in -depth understanding of the legislative process, combined with his desire for the practical adoption of the blockchain, makes it a very important owner as Tether enters the world’s largest market,” said Paolo Ardoino, Tether’s CEO, addition:
“Bo’s appointment shows our commitment to developing a strong US-based presence that covers many sectors, beginning with digital properties and expanding new opportunities, including an in-depth focus on potential further investment in domestic infrastructure.”
Tether Investments again provided nearly $ 5 billion in the US economy. The addition of Hines is aimed at “strengthening” the commitment and alignment in the US market, the announcement said.
Ethena crosses $ 500 million in combined -with -income while synthetic stablecoins gets land
Etherna Labs said on Thursday that its Etherna Protocol has generated more than $ 500 million in combined -income. Growth in both income and the migrating supply of synthetic stablecoin, Etherna USDE (USDE), has been accelerated since July as the synthetic stablecoins gain share market.
Ethena Labs shared the news through an X post, stating that last week, the protocol revenue hit $ 13.4 million and the USDE supply hit a full time of $ 11.7 billion.
“Etherna’s income was driven by strong flow to the USDE and favorable market conditions that strengthened the return from the Delta-Neutral Hedging Reserve model,” said an Etherna Labs spokesman for Cointelegraph. “Protocol momentum reflects the growing demand for and trust in USDE as a store of value.”
According to To decentralized the financial analytics platform Defillama, the Etherna Usde had the third-most largest capitalization of the market of all stablecoins at the time of writing. It also had the leading market capitalization of the synthetic stablecoins. Last month, the Etherna Usde market cap rose 86.6%.
In conjunction with Etherna Usde, other synthetic stablecoins are gaining momentum and shares in the market. Sky Dollar (USDS), which gives strength to the ecosystem of the sky and a upgrade version of DAI (Dai), found a 14% increase in market cap. Falcon USD (USDF), a synthetic dollar created by Falcon Finance, saw a market cap of the market 89.4%.
Synthetic stablecoins have benefits as well as risks. Because they are not collateralized by physical possession, they may have lower transaction costs. There is also a risk of instability and removal, which can result in significant investors.
Overall -Defi Market
According to the data from Cointelegraph Markets Pro And tradingview, most of the 100 largest cryptocurrencies by market capitalization ended the week in red.
Memecoin launch platform Pump.Fun’s (Pump) The token fell to 22% marking the greatest fall of the week, followed by SPX6900 (SPX) token, down by more than 18% last week.
Thanks for reading our summary of the most affecting defi development of this week. Join us next Friday for more stories, perspectives and education about the dynamic advancement of this space.
