Market

Bitcoin Market Cap Officially Surpasses Amazon.

In an unforgettable event, the entire market value of Bitcoin crossed over the value of Amazon (NASDAQ: AMZN), a world leader in technology and e-commerce. A milestone full of symbolism that consolidates the beautiful metamorphosis of Bitcoin from an eccentric digital asset to one of the main financial powers of the planet.

"What we are observing is a revolution, not less," referred a market analyst. "Really, a company that has radically changed the world of commerce has just been surpassed in value by a decentralized digital asset that was created barely 12 years ago."

The implications of Bitcoin surpassing Amazon are so enormous that they are not even limited to the figures:

In the first place, it constitutes an unexampled worldwide endorsement of the asset. Market capitalization reflects collective investor trust and the value they place on assets globally. The lesson given by Bitcoin to one of the most innovative and successful companies in history by valuing it less than itself demonstrates that it has reached its long-term potential with universal confidence.

Second, this moment turns Bitcoin into a macro asset on the other side of the coin that cannot be ignored and that automatically places it as a peer with gold, blue-chip stocks, and government bonds. Fund managers and major investment institutions can no longer dismiss an asset with greater market value than Amazon.

At last, it is a signal of the changing of the guard that is quite a shift coming from the history of centralized economies (represented by corporations such as Amazon) toward the aftermath of decentralized, open, and borderless financial systems (Bitcoin, in fact,)

The achievement is a celebration for the camp of Bitcoin supporters as well as an indication that the traditional financial system should take notice. It is a clear signal that a resource that is not owned by any country or company can be on par with the giants of the global business world. What we have never seen before is the fight for becoming the top asset of the planet, the most valuable one, being so exciting.

MicroStrategy's Bitcoin Holdings Now Worth $77.4 Billion

Michael Saylor, Executive Chairman of MicroStrategy, has loudly proclaimed a resourceful financial point of success: the net asset value (NAV) of the company's Bitcoin holdings reached a new peak of $77.4 billion.

Not only is the new record figure a "first" for MicroStrategy, but it is also a very loud confirmation of the Bitcoin "all-in" theory, which has been the basis of Saylor's strategy and his unshakeable conviction since 2020. As a result of the company's numerous capital raises and the use of different financial instruments for buying, a transformation of the company from a traditional enterprise software firm into one of the world's largest institutional Bitcoin asset managers has occurred.

"It is really something new that we see here in the management of corporate treasury," a financial analyst remarked. "The magnitude of this Bitcoin purchase and the subsequent increase in value have redefined the realm of possibilities for publicly traded companies that are on a lookout for a hedge against inflation."

The 77.4 billion-dollar NAV milestone point has several important meanings:

First of all, it is a confirmation of the amazing success of a daring and courageous investment strategy that made Bitcoin a company's primary reserve asset for treasury management. The incomes derived from Bitcoin holdings have gone beyond the revenues of the company's core software business.

Moreover, when a statement such as this one, made by the CEO of one of the largest institutional market "whale" positions, is released saying that record profits have been made, it creates an environment of strong positive market reaction in the entire crypto space. This not only underlines Bitcoin's holding status as a high-growth asset but also as an excellent hedge against an inflation scenario.

Eventually, the rising net asset value notably deepens the company value, which in turn allows the shareholders to gain from the shareholders who believed in Saylor's vision. For a long time, it has been possible to consider MSTR (MicroStrategy's stock) as a way to invest indirectly in Bitcoin via the traditional financial market.

The disclosure by Saylor is now a vivid signal of the dependence of MicroStrategy's luck on Bitcoin's changes in value, firmly placing him among the key players facilitating institutional Bitcoin adoption.

Tether Makes Huge Bitcoin Purchase, Spending $1.05 Billion to Acquire Nearly 8,900 BTC

Tether, the biggest stablecoin issuer in the world, has once more confirmed its commitment to Bitcoin by making another big purchase. Reliable on-chain data sources report that the firm has made a deal to buy 8,888 Bitcoin (BTC), which is approximately worth $1.05 billion.

The number—8,888 BTC—seems to have been carefully picked as it is a number that is known for being lucky in East Asian cultures. With this move, Tether is one of the biggest buyers of Bitcoin in New York in recent months, and the company continues to execute its plan of diversifying its reserves by way of using part of its earnings to buy BTC for the long term.

"This major acquisition is one more sign of our confidence in the long-term potential of Bitcoin," said a Tether spokesperson. "We see our reserves growing with what we think is the best single digital store of value today—the coming market."

As one of the main players in the cryptocurrency ecosystem, Tether's billion-dollar Bitcoin bets send a very strong bullish message to the wider market for several reasons:

First, it is a sign of Tether's management's view on Bitcoin as being the best reserve asset and Bitcoin's price going up in the future. This implies that the leadership of Tether is totally confident in Bitcoin's future price increase and sees it as a better alternative to simply holding cash or government bonds.

Another point is that if a big player like Tether's colleagues were to carry out such an operation and then make an exit, the market supply of Bitcoin would be much lower, and thus, in a situation of steady or increasing demand, the price trend would be upwards.

At the end of the day, these kinds of high-profile actions are able to make a ripple effect, which means that they might influence other firms and organizations to copy the same actions and thus speed up the use of Bitcoin as a treasury reserve asset for companies.

By securing this new asset, Tether is reaffirming its stance not only as a stablecoin issuer but also as one of the most powerful Bitcoin "whales" with a considerable influence on the market.

SEC Confirms 2Z Token Is Not an Equity Security

The DoubleZero project has been given the green light by the U.S. Securities and Exchange Commission (SEC) with a "No-Action Letter." In other words, this important legal document states that the SEC will not take any enforcement measures against the said project, based on what has been disclosed.

The letter comprises two main points regarding the regulations:

First, the SEC explicitly states that DoubleZero's 2Z token is not an equity security. Given the token's design and usage as explained by the project team, the SEC decided no registration of the token under securities laws was necessary. The project thus achieves a substantial legal victory, through which—in turn—they gain the right to sidestep the numerous and exorbitant regulatory obligations normally accompanying securities offerings.

Next, an agency has unveiled that the token's programmatic transaction flows will not be considered securities transactions. Such a distinction is even more relevant for projects having automated and decentralized operational mechanisms.

"This ruling is very helpful and gives real clarity in a domain where the unknown nature of regulations has been quite a problem for the innovators," said an industry legal expert upon court filing. "The SEC is showing a readiness to collaborate with projects that are prudent in their approach in terms of compliance."

Going to the SEC for a No-Action Letter is akin to hitting the regulatory jackpot, which many U.S.-based crypto projects dream of. It is a certain legal horizon that projects can then function freely without worrying about the imposition of any big regulatory actions.

The new development is generally regarded as an excellent example that returns a different way for numerous other projects to sketch token models and manage structures that match the laws of the U.S. Such a gesture shows that the SEC can be open to cooperating and giving unambiguous instructions to the projects prepared legally and being open in their compliance method.

After a series of failed projects, Shark Binh claims he is also a victim

After Nguyen Hoa Binh, the leading entrepreneur, most recognized as "Shark Binh," publicly declared himself a "victim" of failed investment deals, a dispute was stirred by his statement. The statement is made when, over his put projects, he is in a very difficult situation either to promote or to redeem, such as AntEx and Teky, which are very problematic and have caused a lot of losses to investors.

Being a prominent character in the ecosystem of before-creations, Shark Binh had the power to take off for many startups thanks to his wards. The effect of his being or not being a project was the immediate creation of trust from the money people. Absolute faith in such a venture was typical to come just as the capital inflow would shoot. The failure of these enterprises or the complete collapse of them has brought about the question of extracting responsibility and the process of doing it right.

"In the event that he is not mistaken, such a man of standing calling himself a victim of badly thought-out projects will be like a big red flag for some accountability," commented an investment analyst with a lot of experience. "There is something very inconsistent with the notion of being a knowledgeable investor who reaps benefits through the promotion of enterprises and at the same time becomes a victim when things go south."

Binh faded into the background and told people that he was also a victim of "fire mines" (a slang term for fake or poor-quality projects), thus arousing opinions on both sides of the argument. In this critique, the emphasis is on his need to be responsible for the proper vetting of the projects before agreeing to them publicly. The people who trust his abandonment of them see his claim of victimhood as a mere negation of the accountability he owes to the masses of ordinary investors who put their faith in him.

On the other hand, some people believe that risk is part of the venture capital investing nature and that even the veterans sometimes take the wrong decision.

Such an event puts a very important question in the spotlight: If a seasoned "shark" investor suffers and therefore calls himself a victim, then how can we characterize ordinary investors who relied on his support? This issue acts as a vivid warning of the roles that influencers and celebrities have in the promotion of investments and reiterates the necessity of doing one's own research instead of merely trusting in celebrity endorsements.

$44 Million Bitcoin Wallet Activated After 12 Years of Sleep

The cryptocurrency world is full of excited talk about the fact that a Bitcoin wallet that has been inactive for 12 years and contains exactly 400 BTC has just shown signs of activity. The wallet has been untouched since 2013, one of the earliest days of Bitcoin.

One of the most important aspects of the event is that it can be considered a very vivid example of the increase of the value of Bitcoin over time. When the wallet was put "to sleep" in 2013, it contained 400 BTC that were worth around $226,000. After more than a decade, that stock has gone from there to over $44 million—showing a stunning 20,000% increase in value.

It goes without saying that the community heat rises to the highest point when one of these early "whale wallets" wakes up:

"That is the major question everyone is thinking about—who is the one that has the keys of the wallet?" said one blockchain analyst. "Is it one of the first pioneers, a developer, or just an investor that has 'forgotten' about his assets until now?"

The motive for the activation is also just as confusing. Is it an owner getting ready to sell, moving the assets to a safer spot, or just having a look at their cash?

The owner's next move is a mystery; however, this incident is a strong message of Bitcoin's potential as a store of value in the long run. lt also acts as a very clear milestone of the "HODL" (holding long-term) that was supported by the early market participants and which is currently being reaffirmed by on-chain analysts who are keeping a very close eye on this wallet address for any sudden coin movement that may affect market sentiment.

$2 Million to Crypto Lobbying Groups

Top-notch U.S. cryptocurrency exchange Kraken has enthusiastically made a move to greatly enhance the digital asset industry's political power by pledging $2 million to two pro-crypto lobbying organizations, namely Freedom Fund PAC and America First Digital.

This donation of such an amount is a snippet of a larger pattern where leading crypto companies decide to intervene in the political arena to set up a regulatory environment that is favorable to the industry. Two top Political Action Committees (PACs) are Freedom Fund PAC and America First Digital; they are running the gamut of electoral support and advocating policy advancements in the crypto innovation space.

"The industry needs to be heard in Washington; hence, being proactive is the path we have chosen along with our partners," noted a Kraken spokesperson. "Our goal is to make a difference, and it is with this resolve that we invest in those voices that plead for reasonable regulations to the comfort of both consumers and technological breakthroughs."

It is no secret that the very generous amount of money signals to the public that Kraken earmarks one of its priorities for the maintenance and development of favorable cryptocurrency-related policies in Washington D.C. As regulatory bodies like the SEC become more influential in their oversight role, achieving congressional support is a safer way for crypto companies in the U.S. to continue with their work without being hindered.

This step, on the one hand, is a showcase of Kraken's personal commitment, and on the other hand, it is a beacon that marks a milestone in the maturity of the industry, as opposed to the firms that still do not get that investing in policy advocacy is the only way to a shining and fair digital asset future.

Stablecoin Market Cap Hits New All-Time High of $291 Billion

For the first time ever, the entire market capitalization of stablecoins exceeded $291 billion, marking an all-time high. This record high number is not only a record on the surface; it is also a leading indicator of the flow of funds and the overall mood of the digital asset ecosystem.

Steady growth of stablecoin capitalization over time brings to light two major issues. Firstly, the need for stable digital assets that are tied to such fiat currencies as USD keeps on growing. Investors and users are relying more and more on stablecoins as a kind of "safe haven" from the volatility of cryptocurrencies for a short period of time or, additionally, as an easy way to make payments and carry out transactions on various digital platforms.

On the other hand, the large stablecoin market cap is seen by many as an indication of "potential buying power," which is waiting to be used. This bank of capital—normally called "dry powder" in the world of stocks—is always at hand to be invested in Bitcoin, Ethereum, and different altcoins at the time when either market conditions are turning interesting or a new uptrend is beginning.

"The fact that during periods of sideways conditions the stablecoin reserves keep on growing is quite a revelation," said one market analyst. "The signal that both institutional and retail investors' confidence in the crypto ecosystem at large is not affected even by short-term price volatility is really there."

New records in stablecoin capitalization even during phases of market consolidation show that the crypto space is still receiving new funds. This underlying signal is painting a very positive portrait, showing that the ecosystem, on the one hand via faith and, on the other hand via investment, is in fact growing strongly and so propelling the market to its next expansionary cycle.

Negative Bitcoin Forecasts Rise, Creating Opportunities for Investors

Bitcoin market sentiment has shifted significantly over the past few days toward the negative side, as the Bitcoin market analytics data shows. The "Fear, Uncertainty, and Doubt" (FUD) index indicates that bearish predictions now outnumber bullish forecasts, which is a sign of growing anxiety among investors, the analytics data reveals.

In detail, predictions that Bitcoin will retreat in the range of $70,000-$100,000 are becoming more common than optimistic scenarios that foresee the rise of Bitcoin to the levels of $130,000-$160,000. The rising pessimism usually results in the creation of a usually uncomfortable surrounding of anxiety in which retail investors and market newcomers become inclined to panic sell their holdings.

On the other hand, the shift in sentiment is viewed by contrarian investors as a potentially very important sign. The rule "Be greedy when others are fearful" is the reason why the most substantial negative sentiment is commonly seen as a market bottom approach indication. It is also at such a time when fear reaches its zenith and weak hands have already left the market that selling pressure usually declines, thus enabling the recovery to start.

"These times of market anxiety are often the best times to enter," said a seasoned crypto analyst. "The emotional changing of the crypto market is rather severe, that is why it opens for the players behaving against the prevailing sentiment an opportunity to win."

Therefore, if one may consider perspective, the uptrend in FUD and bearish forecasts counts would not necessarily be a negative sign; instead, it could indicate a "buying opportunity" for those who believe in Bitcoin's future positive path. The experienced investors could be engaged in the quiet accumulation of positions during this period, speculating on the turn back to market optimism.

CFTC Seeks Public Comments on Using Tokenized Assets in Derivatives Trading.

One of the main American financial regulators, the U.S. Commodity Futures Trading Commission (CFTC), took a giant step in a new direction that might have a huge impact on the derivatives market. The agency is actively looking at the possibility of using tokenized assets, stablecoins included, as a form of collateral in derivatives trades.

In order to have the broadest possible range of viewpoints, the CFTC has submitted an inquiry which is available to the public until the 20th of October. The aim of the consultation is to collect views and opinions from industry experts, financial institutions, and the public at large about the potential benefits, risks, and the frameworks needed to integrate tokenized assets safely into the traditional financial system.

"This proposal is a big step in the process of bringing the markets up to date," noted a CFTC spokesperson. "We are looking at how these new types of assets can help the markets become more efficient while at the same time ensuring that the necessary security measures are in place."

If approved, organizations could use stablecoins and other tokenized assets as collateral, which would be beneficial in several ways, for example, quick settlement at lower transaction costs and a wider market accessibility. Rather than simply cash or traditional assets, traders could use digital assets as collateral and hence, the process will be faster and more flexible.

This step is a clear signal that the U.S. authorities are not only aware of the blockchain and other digital asset-related innovations but they are also embracing them. The outcome of this consultation will have a significant role in the shaping of the future regulations and could be the beginning of the era of the convergence of TradFi and DeFi.

This progress is seen by the market players as having a big impact on the professional use of digital assets. It could allow such typical financial institutions to open new access routes for them to interact with decentralized finance products.