Animoca Brands founder Yat Siu has made a bold prediction that altcoins will collectively outperform Bitcoin in the long run, challenging the notion of a single dominant cryptocurrency. In an exclusive interview with Cointelegraph, Siu revealed his company’s plans to go public through a reverse merger next year, positioning Animoca as a strategic vehicle for investors seeking diversified exposure to the broader crypto market. Drawing parallels between Bitcoin and gold, Siu envisions a future where multiple crypto projects thrive simultaneously, avoiding the ‘winner takes all’ dynamics that characterized the early internet era.
about Animoca's Yat Siu: Altcoins Will Outperform BitcoinYat Siu
0 posts last weekBitwise CEO: Bitcoin Bear Market Nearing End, New Cycle Ahead
Bitwise CEO Hunter Horsley suggests Bitcoin’s six-month bear market may be concluding as new market dynamics emerge. With Bitcoin ETFs and institutional adoption reshaping the landscape, traditional four-year cycles may no longer apply. Industry leaders point to stronger fundamentals despite recent price declines toward $94,500 and correlated drops in crypto-linked stocks.
about Bitwise CEO: Bitcoin Bear Market Nearing End, New Cycle AheadAnimoca Brands Plans Nasdaq Listing via $6B Merger
Hong Kong-based blockchain investment firm Animoca Brands has announced plans to go public on the Nasdaq through a reverse merger with fintech company Currenc Group. The deal, expected to close in 2026, would create what the company calls the world’s first publicly-listed digital assets conglomerate. Animoca was valued at $6 billion in its last funding round.
about Animoca Brands Plans Nasdaq Listing via $6B MergerAnimoca Brands Plans Nasdaq Listing Via Reverse Merger
In a landmark move for cryptocurrency’s integration with traditional finance, Animoca Brands, one of the industry’s most prominent venture capital investors, is set to go public on the Nasdaq through a strategic reverse merger with AI-focused fintech Currenc Group. The proposed deal would see Animoca shareholders command a dominant 95% stake in the newly merged entity, marking a significant step in bringing major crypto investment power to public markets and potentially setting a new precedent for how blockchain-focused firms access traditional equity capital.
about Animoca Brands Plans Nasdaq Listing Via Reverse MergerAnimoca’s TOWER Token Surges 214%, Outpaces Ethereum
Animoca Brands’ TOWER token, a utility cryptocurrency for its gaming ecosystem, has surged 214% in July, growing eight times faster than Ethereum. The rally was fueled by social media promotion from Animoca chairman Yat Siu and excitement around the reboot of Wreck League, a play-to-earn fighting game. On-chain data from Nansen shows TOWER was the fifth-most popular token among smart investors on the Base network. The token is used across multiple Animoca titles, including Crazy Kings and Crazy Defense Heroes, highlighting the growing intersection of gaming and crypto.
about Animoca's TOWER Token Surges 214%, Outpaces EthereumArthur Hayes Predicts $10K Ethereum & CryptoPunks Boom
Arthur Hayes, the ex-CEO of BitMEX and current CIO at Maelstrom, has made a bold prediction that Ethereum (ETH) could surge to $10,000 by the end of 2024, citing growing institutional interest and corporate treasury adoption. He compares ETH’s current sentiment to Solana’s post-FTX collapse recovery, suggesting a similar breakout is imminent. Hayes also argues that CryptoPunks NFTs may outperform ETH in dollar terms as wealth-flaunting mechanisms, drawing parallels to luxury goods like Rolex watches. The NFT collection has already seen a 20% weekly price surge to 48 ETH ($177K), signaling renewed demand. His analysis blends crypto fundamentals with behavioral economics, framing NFTs as digital status symbols in an increasingly internet-native economy.
about Arthur Hayes Predicts $10K Ethereum & CryptoPunks BoomDigitalX Boosts Bitcoin Holdings to $91M, Aligns with Corporate Trend
DigitalX has increased its Bitcoin treasury to 499.8 BTC (valued at ~$91.3M) with a recent $8.8M purchase, reinforcing its strategy to hold Bitcoin as a core reserve asset. The firm follows the path of companies like MicroStrategy and Japan’s Metaplanet, which have adopted Bitcoin-heavy treasuries. DigitalX raised $13.5M this month, allocating most funds to Bitcoin accumulation, and plans further purchases while excluding other cryptocurrencies. The trend isn’t limited to crypto firms—companies like Hong Kong’s DDC Enterprise and Canada’s Solar Bank are also joining, despite some criticism over Bitcoin’s energy footprint.
about DigitalX Boosts Bitcoin Holdings to $91M, Aligns with Corporate TrendNFT Revival Could Push Ethereum to New All-Time Highs
Yat Siu, co-founder of Animoca Brands, believes that a renewed NFT boom could propel Ethereum beyond its 2021 peak of $4,800. He points to the historical correlation between Ethereum’s price and NFT market activity, noting recent gains in collections like CryptoPunks and a total NFT market cap nearing $15.6 billion. Siu argues that NFTs hold cultural and social value, akin to luxury brands, and that Ethereum’s role as a spending token—unlike Bitcoin’s ‘HODL’ culture—positions it for growth. Despite fragmentation in NFT trading across blockchains, he sees Ethereum’s cultural influence as a long-term advantage and urges Vitalik Buterin to embrace NFTs as pillars of Ethereum’s economy.
about NFT Revival Could Push Ethereum to New All-Time HighsNFT Market Surges 20% as CryptoPunks Lead Revival
The NFT market is experiencing a significant rebound, with its market capitalization jumping from $5.1 billion to $6.3 billion in just 24 hours, marking a 20% surge. Daily trading volume skyrocketed by 287% to $37.4 million, according to CoinGecko. Leading the charge are top collections like CryptoPunks, which saw a 16% increase in floor price to 47.5 ETH ($179,000), and Pudgy Penguins, with a 15% rise. Ethereum’s recent 55% price surge over the past month is also contributing to the NFT revival, as experts draw parallels to the 2021 ‘NFT season.’ Animoca Brands’ Yat Siu suggests that a resurgence in NFTs could push Ethereum to new all-time highs, emphasizing their cultural and financial significance.
about NFT Market Surges 20% as CryptoPunks Lead RevivalAnimoca Brands Allocates $100M in Bitcoin Treasury Strategy
Animoca Brands has signed a non-binding MOU with DayDayCook (DDC) Enterprise, a meal-prep company that recently adopted a Bitcoin treasury strategy, to manage Animoca’s BTC holdings and generate yield. The deal involves allocating up to $100 million in BTC, as announced jointly. Animoca’s co-founder Yat Siu highlighted DDC’s CEO Norma Chu for her ability to engage a non-crypto audience, potentially broadening Bitcoin’s appeal. This move reflects a growing trend among companies to hold Bitcoin as part of their treasury strategies.
about Animoca Brands Allocates $100M in Bitcoin Treasury StrategyDigitalX Raises $13.5M to Expand Bitcoin Treasury
DigitalX (DCC), Australia’s sole ASX-listed crypto fund manager, has raised A$20.7 million (US$13.5 million) from prominent investors including Animoca Brands, UTXO Management, and ParaFi Capital. The funds will primarily be used to expand its Bitcoin treasury, with $12.8 million allocated for Bitcoin purchases and the remainder for operational costs. The company also established a new advisory board featuring Animoca’s Yat Siu and Web3 advisor Hervé Larren. Siu emphasized Bitcoin’s role as a gateway to the broader digital asset ecosystem and highlighted DigitalX’s unique position as the only ASX-listed firm accumulating Bitcoin. The raise reflects a growing trend of companies adding Bitcoin to their balance sheets, though Siu cautioned that long-term commitment matters more than short-term attention.
about DigitalX Raises $13.5M to Expand Bitcoin TreasuryOnchain Student Loans Could Quadruple DeFi TVL: Animoca
Yat Siu, chairman of Animoca Brands, proposed at Consensus 2025 that onboarding student loans to blockchain could more than quadruple DeFi’s total value locked (TVL). With the global student loan market valued at $3 trillion, even a 10% shift onchain would dramatically accelerate DeFi growth. Siu emphasized this as proof the industry is still nascent, with massive untapped potential in real-world asset tokenization.
about Onchain Student Loans Could Quadruple DeFi TVL: Animoca