Andy2024

10,000 HYPE and a dream.

JUST IN: MASTERCARD TO BUY BVNK FOR UP TO $1.8B.
This includes $300m in contingent payments.
Mastercard was behind in digital assets and has since made a strong push with their crypto partner program announced last week, and now their purchase of stablecoin startup BVNK.
Huge exit for them.

This doesn't really make sense to me.
Major exchanges like the NYSE are pushing into 24/7 trading, but institutions are pushing back.
The sources cited claim resistance to instant settlement due to "prefunding requirements and increased operational costs" associated with enabling 24/7 trading.
Retail will likely be the major adopters first, with institutions to follow.
Why would you prefer T+1/2 settlement times???

Es gibt einen neuen Nummer eins in der Stadt für tokenisierte Treasuries.
Circles $USYC hat Securitize's $BUIDL onchain übernommen, nachdem es in den letzten 30 Tagen zu einem enormen $643M an Zuflüssen gekommen ist.
Ondo kommt derzeit als naher dritter Platz herein.

Tom Lee is buying in size again.
The Ethereum Foundation just completed a 5,000 ETH OTC sale to BitMine at a price of $2,042.96 per ETH. EF says its a "part of their ongoing treasury strategy" and operations.
This comes just one day after the new EF mandate doubling down on the cypherpunk philosophy.

The "crypto" complex itself is pretty dead right now.
The "exports" of our industry are as alive as ever.
Stablecoins, tokenized assets, perps, vaults, payments and more are absolutely exploding in adoption metrics. Prices aren't following yet and sentiment is in the gutter in the "crypto" complex.
Not in the institutional world. Druck knows.
This too, shall pass.