You Should Own 40% Crypto in Your Portfolio: $300B Finance Advisory Firm Founder Says
“The traditional 60/40 stock-bond allocation model is dead,” declared Edelman in a new paper released on June 30. He added that owning crypto is no longer a speculative position, but “failing to do so is.” The founder of the $300 billion investment advisory firm, Edelman Financial Engines, made the...
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Ethereum The Next Big Thing In Banking? Tom Lee Thinks So And Wants This Small-Cap Company He Chairs To Front-Run The Likes Of Goldman Sachs, JPMorgan
Financial analyst and strategist Tom Lee stated Monday that Ethereum (CRYPTO: ETH) will play a crucial role in the banking sector’s future, highlighting the rationale for buying and holding the second-largest cryptocurrency in reserves. What Happened: During a CNBC interview, Lee was confident that financial behemoths such as Goldman...
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Coinbase Legal Head Vows To ‘Continue The Fight’ After Supreme Court Rejects Appeal To Block IRS From Accessing User Data
The Supreme Court rejected Monday an appeal to block the Internal Revenue Service from accessing Coinbase Global Inc.’s (NASDAQ:COIN) user data. What happened: The apex court denied a request from James Harper, a Coinbase account holder, who argued that the summons by the IRS demanding users’ transaction data violated...
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Senator Lummis pushes for crypto-friendly amendments in Trump’s Big Beautiful Bill
U.S. Senator Cynthia Lummis wants to add a crypto tax amendment to President Donald Trump’s Big Beautiful Bill to exclude small transactions from capital gains and resolve double taxation for miners and stakers. On June 30, Lummis announced her push…...
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Arkham: Satoshi Nakamoto address receives $20k from mystery wallet
Arkham’s on-chain monitoring detected a suspected transfer of $20,000 in BTC to Satoshi Nakamoto’s address. This is the latest transfer made to Satoshi in the past four months. According to on-chain data from Arkham Intelligence, an unknown address sent 0.185…...
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Robinhood, Kraken-Backed Global Dollar (USDG) Comes to Europe
Global Dollar (USDG), a stablecoin issued by regulated fintech Paxos, and backed by a consortium of heavy hitters that includes Robinhood, Kraken and Mastercard, is being made available to consumers across the European Union, according to a press release on Tuesday. USDG is regulated by Europe’s Markets in Crypto-Assets...
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Crypto Survey Reveals 7 in 10 South Koreans Want to Increase Holdings
South Korean interest in digital assets is on the rise, with a significant number of retail investors planning to increase their crypto exposure over the coming year. A recent survey conducted by the Hana Financial Research Institute polled 1,000 individuals aged 20 to 59, revealing that while 27% already...
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The US is About to Get its First Solana Staking ETF This Week
The REX-Osprey Solana Staking ETF will be launched on July 2 under the ticker SSK as the first US ETF allowing investors to earn rewards by staking Solana tokens to validate blockchain transactions. The new yield-chasing crypto fund tracking Solana has been cleared for debut, according to Bloomberg, citing...
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Lido DAO approves proposal to introduce dual governance model
Dual Governance, a major update that will give stETH holders more control over important protocol decisions, has been formally approved by Lido DAO. The decision was confirmed on June 30 post on X by Lido, following a successful vote by…...
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