Although the market shrinks this week, some analysts expect to include digital assets in the US 401 retirement plans (K) may open billions of dollars in new flows by autumn, which is likely to lead Bitcoin to record high levels.
This development may push Bitcoin (BTCAndré Dragosh, European Research Head of Crypto ASSEET MANAAGER, told Cointelegraph, which is more than $ 200,000 before the end of the year, indicating a new capital of $ 122 billion while allocating a 1 % modest portfolio.
The seizures of the Ministry of Treasury in Bitcoin continue to attract new entrants, such as the healthcare service provider listed on the Nasdak Stock Exchange and the Bitcoin Treasury, which was made first Bitcoin 679 million dollars Tuesday.
Other big investors of Bitcoin turns into a bet on the ether (EthAppreciation of the price. Thursday, a Bitcoin whale A $ 189 million from BTC was sent to excessive liquid decentralization, most of which turned into a permanent future of $ 295 million and then 240 million dollars spot ETH position.
Checks in the United States 401 (K) may pay retirement plans to $ 200,000 in 2025
Including an encrypted currency in US retirement plans may sign a sign of Bitcoin’s adoption and open billions of dollars in the new capital, which may push the original over $ 200,000 by the end of 2025, according to Andre Dragosh, head of European research research at Crypto Asset Bitwise.
President Donald Trump paved the way for Insert the encoded currency in US 401 (K) Retirement plans By signing an executive order on August 7, and gave Americans access to digital assets through their retirement plans.
Inclusion of encryption plans in 401 (K) may be more important for Bitcoin (BTCThe price is to agree to the US spot Bitcoin trading boxes (ETFS) in January 2024, said Dragosh.
This “upscale” development may be “greater than ETF’s approval in the United States in Bitcoin itself,” which indicates a new capital of $ 122 billion with a 1 % modest portfolio customization.
“The official prediction remains $ 200,000 by the end of the year.”
“If you look at 401 (K) and the retirement plans specified in the United States, it is huge,” Dragosh said, adding that 1 % was a “relatively conservative” estimate of the allocation of the industry of $ 12.2 trillion.
The inclusion of digital assets in retirement plans will enable the managers of 401 governors (K) to invest in Bitcoin etfsWhich may push the price of Bitcoin to its highest new levels ever, and another optimistic signal to target the Bitcoin price of $ 200,000 at the end of 2025.
Kanye West Yzy Sniper’s wallet associated with the scale extraction scheme of $ 21 million: analysts
Unchasin’s investigation by the Dethective wallet has cut a distinctive symbol titled Kanye West with another group of governor behind the scale icon, indicating that the same operator extracted tens of millions of dollars using internal knowledge.
In a series of x Pillars On Thursday, dethective revealed that the Yzy Sniper portfolio managed to purchase $ 250,000 codes at a price of only $ 0.20, much less than the price that most traders paid. Within a few minutes, the wallet got more than a million dollars of profits, which was later transferred to the Treasury Department.
The Treasury portfolio itself also received large sums from the wallets linked to it The launch of the scale six months ago. Two governorates of “Mizan sniper” extracted $ 21 million. In total, approximately $ 23 million was withdrawn by launching Yzy and Libra, with money transferred later to Kamino or Binance.
“We can make sure that this is a person with clear internal information,” Deethective Books. They added: “The evidence is that he did not deceive any currency alongside $ Yzy and $ Libra and was ready for a large size.”
Bitcoin Bull and Billionaire files for $ 250 million to target Defi, artificial intelligence
The early Bitcoin investor and billionaire provides the “American Investment COSTISTITION CORP A”, which targets decentralized financing, AI, energy and defense sectors.
Special Capital Capital Service will lead Stephen Trio as CEO and Palihapitiya as president, According to To the registration statement submitted to the US Securities and Stock Exchange Committee on Monday.
An increase in $ 250 million seeks to provide 25 million shares at a price of $ 10 each under the AEXA index on the New York Stock Exchange.
Paihapitiya and Trieu are betting on decentralized financing, not Bitcoin, to lead the next wave of financial innovation, focusing on solutions that block traditional markets with Blockchain technology:
“While Mr. Pitcoin has long been as a hygiene and an alternative to Fiat currencies, we believe that the next stage of development is an increase in integration between traditional financing and decentralized financing.”
The former white house encryption manager Bo Heins takes a consultative role in Tether
Stablecoin Giant Tether has rented the former CEO of the White House encryption council as a new strategic consultant for American digital assets and strategy, indicating the expansion of the world’s largest economy.
Tether, Usdt source (USDT(Stablecoin, appointed HINES to involve and coordinate the American company’s strategy and expand it directly as part of its primary concentration with an immediate effect, according to Tuesday’s announcement that was shared with Cointelegraph.
Heinz previously worked in the administration of President Donald Trump, where he worked on initiatives to enhance the innovation of digital assets, put the handrails for Stablecoin and develop cooperation between the government and the Blockchain industry.
In its new role, Hines will work with the Tether leadership team to implement the entry of the American market and develop “constructive relations” with policy makers and stakeholders in the industry.
Paulo Erdino, CEO of Tether, said, adding: “The deep understanding of the legislative process, as well as his passion for Blockchain practical, makes him one of the invaluable assets as Tether enters the largest market in the world.”
“Bo appoints our commitment to building a strong existence on the United States that extends across multiple sectors, from digital assets and expanding new opportunities, including the deep focus on potential additional investment in local infrastructure.”
Tether Investments re -invests nearly $ 5 billion in the US economy. The advertisement said that the addition of Henz aims to “strengthen” this commitment and alignment with the American market.
Etheina crosses $ 500 million of cumulative revenue with the acquisition of artificial stablecoins
Etheina Labz said on Thursday that Ethina’s protocol had made more than $ 500 million of cumulative revenue. Growth in both the revenues and display traded from the synthetic stablecoin, ethena usde (USDE), since July where Stablecoins has acquired the share in the market.
Ethena Labs shared the news via a post on X, saying that last week, the protocol revenue amounted to $ 13.4 million, and the USD supply reached the highest level ever at 11.7 billion dollars.
“Ethaina’s revenues were driven by strong flows in the favorable market conditions, which were inflated from the neutral hedge reserves model for the Delta,” Etheina Labes spokesman told Cointelegraph. “The growing protocol momentum reflects the demand and confidence in USDe as a valuable store.”
According to To the Defillalama Decentralization Analysis platform, Ethena Usde got the third largest basic assets for all Stablecoins at the time of writing this report. It also had the highest market value among artificial stablecoins. Last month, the market value of ESDE increased by 86.6 %.
Along with ESDE, other artificial stablecoins acquire momentum and market share. Sky Dollar (USDS), which operates the ecosystems of the sky which is an upgrade version of Dai (Dai), I witnessed a 14 % increase in the maximum market. Falcon Usd (USDF), an artificial dollar created by Falcon Finance, saw the market 89.4 % jump.
Synthetic stablecoins have benefits as well as risks. Since it is not guaranteed by material assets, they may have lower transactions costs. There is also a risk of instability and deepening, which may lead to great losses to investors.
Defi market overview
According to data from Cointelegraph Markets Pro And TradingView, most of the 100 most encrypted currencies ended according to the week’s market value in red.
Memecoin launch platform pump.fun’s (Pump) The distinctive symbol decreased by more than 22 % on the occasion of the largest decrease per week, followed by SPX6900 (SPXThe distinctive symbol, a decrease of more than 18 % during the past week.
Thanks for reading our summary of the most influential Defi developments this week. Join us next Friday for more stories, visions and education regarding this dynamically advanced space.
