A Q2 survey by Bitcoin analysis firm Perception analyzed 1,116 Bitcoin stories from 18 mainstream outlets, revealing a 31% positive, 41% neutral, and 28% negative sentiment split. Legacy publications like The Wall Street Journal and Financial Times provided minimal coverage, creating an ‘editorial blind-spot risk’ for institutional investors relying on them. High-volume finance channels like Forbes and CNBC drove constructive coverage, focusing on ETFs and adoption, while general interest outlets leaned skeptical. The report warns that this information asymmetry could impact portfolio decisions, as Bitcoin’s liquidity now rivals some G-10 currencies. Investors are advised to diversify media sources to capture real-time market developments.
read moreCNBC
1 in Finance and 2 in Crypto last week
Inside Look at Ethereum Conference in Cannes
The Ethereum Community Conference in Cannes is a pivotal gathering for crypto enthusiasts and developers, as highlighted by CNBC’s MacKenzie Sigalos. The event serves as a platform for discussing Ethereum’s advancements, challenges, and future roadmap. With industry leaders and innovators in attendance, the conference underscores Ethereum’s growing influence in the blockchain ecosystem. Sigalos’ coverage provides insights into the latest trends and developments shaping the crypto world.
read moreS&P 500 & Nasdaq Hit Records on US-Vietnam Trade Deal
The S&P 500 and Nasdaq Composite surged to record closing highs on Wednesday after former President Trump announced a trade agreement between the U.S. and Vietnam. The news boosted investor sentiment, reflecting optimism over reduced trade tensions. Market participants are now awaiting further insights from CNBC’s Thursday coverage to gauge the deal’s long-term impact on equities and global trade dynamics.
read moreFigma Files for IPO with $70M in Bitcoin Holdings
Figma, a San Francisco-based design platform, has filed for an IPO under the ticker ‘FIG’ and disclosed $70M in Bitcoin ETF holdings alongside $30M in USDC for future crypto purchases. Founded in 2012, Figma has grown rapidly, securing $749M in revenue by 2024 and raising over $332M in funding. The company’s valuation soared to $10B before a high-profile but ultimately blocked $20B acquisition attempt by Adobe in 2022 due to regulatory concerns. Figma now joins a growing list of corporations holding Bitcoin, with public and private companies collectively owning 5.7% of the circulating supply. The IPO is highly anticipated, marking a new chapter for the design tool favored by major firms like Netflix and Airbnb.
read moreSEC Chair Atkins Champions Tokenization as Market Innovation
SEC Chair Paul Atkins has publicly advocated for tokenization as a transformative innovation in financial markets, marking a departure from the previous regulatory stance under Gary Gensler. In a CNBC interview, Atkins criticized past SEC policies for stifling innovation through unclear regulations and enforcement actions. He pledged to create a more supportive environment for businesses leveraging tokenization, signaling a potential easing of crypto-related regulatory pressures. This shift could encourage broader adoption of blockchain-based financial solutions.
read moreS&P 500 to Hit Record Highs by 2025, Says Fundstrat’s Tom Lee
Tom Lee, head of research at Fundstrat, forecasts the S&P 500 will surge to new all-time highs by 2025, potentially reaching 6,600 points. He attributes this optimism to the market’s resilience after enduring five major shocks—Covid, supply-chain disruptions, inflation, aggressive Fed rate hikes, and tariffs—while earnings continued to grow. Lee notes that many investors exited during early-year declines, missing the subsequent rally. Improved economic conditions, including muted inflation and less severe tariff impacts, further bolster his bullish outlook. The S&P 500 recently hit a record high of 6,215 points, nearing Lee’s projected target.
read moreCorporate Treasuries Outpace ETFs in Bitcoin Acquisitions
Corporate treasuries are outpacing Bitcoin ETFs in BTC acquisitions, with public companies acquiring 131,000 BTC in Q2 2024—an 18% increase—compared to ETFs’ 111,000 BTC (8% growth). Analysts note that while ETFs remain the largest holders (1.4M BTC), companies like Strategy (597K BTC) and Mara Holdings (50K BTC) are prioritizing long-term accumulation over short-term price movements. Regulatory shifts under the Trump administration have encouraged corporate adoption, with firms like GameStop and KindlyMD entering the market. Experts predict that as Bitcoin normalizes, direct exposure constraints may ease, though individual corporate impacts could diminish over time.
read moreArk Invest CEO Cathie Wood Predicts US Recession & Recovery
In a CNBC interview, Ark Invest CEO Cathie Wood argues the US economy is in a ‘rolling recession,’ citing weak housing and manufacturing sectors. However, she predicts a smooth transition to recovery as interest rates decline and deregulation boosts market confidence. Wood notes the current bull market’s durability despite geopolitical tensions and Fed controversies, emphasizing that broadening equity participation and potential tax cuts could spur growth. She also points to lagging housing inflation data as an overlooked factor in economic assessments.
read moreWhy Bitcoin Stalls Despite ETF Demand: Key Factors
According to a former Goldman Sachs executive now at Neoclassic Capital, Bitcoin’s stagnant price action stems from two key factors: investors shifting from BTC to crypto-related equities like Coinbase and Circle, and miners selling holdings to sustain operations amid tight margins. While spot Bitcoin ETFs and corporate balance sheet demand provide strong support, these offsetting pressures prevent a breakout. Bitcoin miners, facing profitability challenges, are increasingly financing operations through BTC sales or capital raises, adding consistent selling pressure. Currently trading around $107,744, BTC has gained just 4% in a month amid this tug-of-war between institutional demand and structural sell-offs.
read moreFinancial Advisor Urges 40% Crypto Allocation in Portfolios
Ric Edelman, author of ‘The Truth about Crypto’ and founder of the Digital Assets Council of Financial Professionals, has significantly revised his crypto investment recommendations from 1% to 10-40% of portfolios. In a CNBC interview, Edelman cited resolved industry uncertainties and Bitcoin’s mainstream acceptance as key reasons for this change. He argues that traditional 60/40 stock/bond allocations are outdated given longer lifespans, and highlights crypto’s potential for higher returns and low correlation with other assets. Edelman positions Bitcoin as an essential diversifier that outperforms stocks, bonds, and commodities while moving independently of traditional markets.
read more