Bitcoin Price Will Surge to $200,000 in 2025: Bernstein.
Global asset management giant Bernstein, which oversees $800 billion in assets under management, has once again reiterated its $200,000 target for Bitcoin price, calling it both “high-conviction and conservative.”
Bitcoin’s upward progress makes investors more optimistic, as companies use it more and more to secure their money against inflation.
Beyond Bitcoin’s “store of value” use case, their most recent “Digital Assets Memo” demonstrates a growing public interest in financial innovation made possible by blockchain technology.
Nasdaq Files for 21Shares SUI ETF with US SEC Amid Ecosystem Recovery.
Nasdaq filed a 19b-4 form with the US Securities and Exchange Commission (SEC) to list the 21Shares SUI ETF, launching formal SEC review despite recent Sui network challenges.
Sui’s TVL rebounded to $1.94 billion and stablecoin volume hit $110 billion in May, reinforcing institutional confidence post-Cetus hack.
Sui’s architecture supports scalable DeFi, gaming, and RWAs, positioning it strongly in a budding altcoin ETF market.
‘CLARITY Act’ Crypto Bill Gets Approval from US Lawmakers.
The U.S. House Agriculture Committee has voted 47–6 to advance the “Digital Asset Market CLARITY Act,” a bill that is designed to create clear rules for crypto space. The hearing took place at the Rayburn House Office Building and featured discussion from lawmakers across different party lines.
The CLARITY Act is meant to answer the question of who should be in charge of watching over the digital space. It draws the line between what counts as a digital commodity and what counts as a security.
Nasdaq-Listed Crypto Asset Manager MetalphaPro Snaps Up $48mn in Ethereum.
MetalphaPro, a digital asset manager listed on Nasdaq, accumulated 18,000 ETH worth about $48.45 million from Binance. After the transfer, Metalpha began lending staked Ethereum (stETH), which is a version of ETH that allows traders to earn interest through staking.
MetalphaPro is currently leading over 48,000 stETH worth more than $133 million across multiple decentralized finances (DeFi) platforms including Aave, Spark, and Treehouse Finance. Each one of these platforms allows users to lend or borrow crypto by locking assets into smart contracts.
PancakeSwap Launches One-click Crosschain Swaps To Simplify DeFi UX.
Decentralized exchange (DEX) PancakeSwap has launched one-click crosschain swaps using Across Protocol, aiming to address one of the most pressing user experience (UX) issues in decentralized finance (DeFi).
The integration allows users to swap assets without using complex blockchain bridges or other external third-party infrastructure that complicate the user experience and incur additional fees.
Across’s intent-based transfers allow users to simply define their desired outcome, such as swapping USDC on Base for Wrapped Ether (WETH) on Arbitrum, and a network of relayers competes to fulfill the transaction.
One-click crosschain swaps enable token swaps directly through PancakeSwap’s interface among BNB Chain, Arbitrum and Base, simplifying token transfers across siloed blockchain networks.
Crypto Asset Reserve Bill Lands In Ukraine’s Parliament.
Ukrainian lawmakers have introduced a draft bill that would allow the National Bank of Ukraine (NBU) to include cryptocurrencies like Bitcoin in the country’s reserves.
Submitted to Ukraine’s parliament, the Verkhovna Rada, on Tuesday, bill number 13356 proposes amendments to the law “On the National Bank of Ukraine” regarding the inclusion of crypto assets alongside gold and foreign currencies.
While authorizing the central bank to acquire cryptocurrencies like Bitcoin as part of state reserves, the bill would not require the authority to do so, according to Yaroslav Zhelezniak, a member of parliament who confirmed the introduction of the bill on his Telegram channel.
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