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DigitalX Weekly Crypto Update: Market Trends and Analysis
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DigitalX Weekly Crypto Update: Market Trends and Analysis
Market Commentary
Despite significant selloffs earlier in the week, Bitcoin has successfully reclaimed the US$100,000 mark, as November’s US inflation data met expectations. Market participants are now anticipating a 25 basis point rate cut from the Federal Reserve. The recent surge in Bitcoin’s price has led U.S. spot Bitcoin ETFs to exceed the 1.1 million Bitcoin estimated to be held by Satoshi Nakamoto. Furthermore, Arkham Data indicates that BlackRock and Fidelity ETFs have acquired US$500 million worth of ETH over the past two days, marking all-time high inflows for Ethereum ETFs.
After Microsoft, shareholders activists with the National Center for Public Policy Research continue to advocate for Amazon to consider a minimum 5% treasury allocation to Bitcoin, aiming to enhance diversification and capitalize on BTC’s potential for higher returns. The proposal argue that Amazon has a fiduciary duty to explore assets like Bitcoin, which could outperform a portion of its current portfolio mix of cash, cash equivalents, and bonds. Drawing comparisons to MicroStrategy’s remarkable success—whose shares have surged over 500% year-to-date compared to Amazon’s 49% rise—advocates point to Bitcoin as a hedge against inflation and a pathway to greater shareholder value. Although Microsoft shareholders turned down the proposal to add Bitcoin to the firm’s treasury holdings earlier this week, these calls to action underscore the growing interest in Bitcoin as a strategic treasury asset at corporate firm levels.
Circle and Binance entered into a strategic partnership to boost global adoption of USDC. Meanwhile, Ripple’s RLUSD stablecoin has secured final approval from the New York State Department of Financial Services.
CRYPTO TOP 20 7 DAY PRICE CHANGE
*All figures throughout are in USD unless otherwise specified
Market Updates
The Next Wave
Tinkering with Tokenisation
Macro and Regulatory Environment
About DigitalX
DigitalX Ltd (ASX:DCC) is a leading ASX-Listed Bitcoin and digital asset funds management business. The Company has a 9 year track record mining Bitcoin, blockchain and smart contract development. DigitalX Asset Management is the investment manager of digital asset investment products that provide qualified investors with highly secure and streamlined access to digital asset exposure. To learn more contact the team at [email protected] or visit our website https://digitalx.fund/.
Disclaimer:
The information in this document is prepared by DigitalX Asset Management Pty Ltd (ACN 629 653 121) (DigitalX).
DigitalX is a corporate authorised representative (CAR) (CAR No. 1270748) of Boutique Capital Pty Ltd (AFSL 508011) and True Oak Investments Ltd (AFSL 238184). Boutique Capital is the Trustee of the DigitalX Fund and the DigitalX Bitcoin Fund. True Oak Investments is the Trustee of the DigitalX Real World Asset Tokenisation Fund (RWAx). All three funds are open to wholesale investors only.
DigitalX is also a corporate authorised representative (CAR) of K2 Asset Management Ltd (ABN 95 085 445 094 AFSL 244 393) (K2), a wholly owned subsidiary of K2 Asset Management Holdings Ltd (ABN 59 124 636 782). K2 is the Responsible Entity and Issuer of the DigitalX Bitcoin ETF (ASX: BTXX) (ARSN 650 945 216) which is open to retail investors. Offers to invest in the DigitalX Bitcoin ETF (BTXX) will only be made in the product disclosure statement (PDS) and this material is not intended to substitute the PDS which outlines the risks involved and other relevant information. You should also consider the Target Market Determination (TMD) issued when ascertaining if the product is appropriate for your needs. A PDS & TMD for BTXX can be obtained at https://www.digitalx.com/funds/bitcoin-etf/. You should consider the PDS & TMD before making a decision to acquire an interest in BTXX.
The information herein is presented in summary form and is therefore subject to qualification and further explanation. The information in this document is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this document are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information. Past performance is not indicative of future performance.
