Latest news with #10THoldings
CNBC
a day ago
- Business
- CNBC
This crypto treasury firm is vying to be the MicroStrategy of ether–but with a focus on generating yield
The latest crypto treasury company is set to hit the public market with an ambitious plan to build the largest public vehicle for institutional exposure to ether. The Ether Machine will begin trading on the Nasdaq Monday under the ticker ETHM, once a merger with blank check company Dynamix Corporation is complete. Andrew Keys, the co-founder and chairman of the new company, has committed about $645 million in an anchor investment. The entity is backed by crypto investors 10T Holdings, Electric Capital, Pantera Capital and more. The company is the latest in an emerging cohort of new entities vying to become the MicroStrategy of Ethereum by replicating the bitcoin proxy's successful accumulation strategy, but around ether, the second largest cryptocurrency by market cap, rather than bitcoin. Keys' company plans to differentiate with a focus on yield generation through "staking" rather than simply buying and holding the ether. Staking is a mechanism for generating yield by contributing to network operations around security and transaction processing. By purchasing ether from a crypto exchange or buying shares of an ether ETF, investors would get exposure to the coin's price, "but without access to the dividend," Keys explained. "Ether produces yield if it's properly managed," he told CNBC's "Squawk Box" Monday. "The ETFs right now don't generate yield because they don't enable staking … we're able to enable staking and we're able to do other additional risk management on top of that." On Thursday, BlackRock filed with the SEC to include staking to its popular ETHA ether ETF, which just logged a record week of inflows. The ability to stake makes ether a "more productive" asset than bitcoin, according to Keys. The Bitcoin network "has one asset on it, bitcoin, that can be moved from peer to peer, but Ethereum can tokenize any asset," Keys said. It's "able to embed any type of digital asset – a bar of gold, a barrel of oil, a stock, a bond, a derivative – into digital legal agreements, and in doing so, you're able to expedite the velocity of money. You can have employment contracts that get paid by the minute, as an example." Shares of Dynamix jumped 30% in premarket trading. The Ether Machine follows Bitmine Immersion Technologies – the company newly chaired by Fundstrat's Tom Lee and more recently backed by Peter Thiel – in its ether treasury ambitions. Pantera was also a backer of Bitmine. Also this year, SharpLink Gaming, whose board is chaired by Ethereum co-founder Joe Lubin, also initiated an ETH treasury strategy; and Bit Digital recently exited bitcoin mining to focus on its ETH treasury and staking plans. Ether has taken the spotlight in crypto from bitcoin in recent months as investors anticipated the stablecoin bill known as the GENIUS Act would be signed into the first major U.S. crypto law, which President Trump did Friday. The regulatory clarity should benefit institutions and brands becoming more interested in tokenization, which includes stablecoins, most of which are issued on the Ethereum network. Ether has doubled in the last three months and last week, ether ETFs posted a record $2.18 billion in weekly inflows.
Bloomberg
06-05-2025
- Business
- Bloomberg
Navigating Crypto Volatility: All Options Considered
In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Dan Tapiero, Founder & CEO of 10T Holdings & 1RoundTable Partners, to discuss how to navigate the volatility of digital assets. All Options Considered is part of the FICC Focus podcast. Listen to FICC Focus on Apple Podcasts and Spotify. Apple: Spotify:
Yahoo
30-04-2025
- Business
- Yahoo
Will the XRP ETF Explode Like Bitcoin's?
10T Holdings founder Dan Tapiero joins CoinDesk to discuss the launch of ProShares' XRP ETF and compare their potential success to the bitcoin products. Plus, Dan shares his early experiences trading bitcoin and XRP, and weighs in on the criticisms of XRP's centralization. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. Sign in to access your portfolio
Gulf News
21-04-2025
- Business
- Gulf News
Bitcoin surges afresh to $87,200 as analysts expect US Treasury liquidity injections
Bitcoin price rose on Monday (April 21) as it spiked to $87,216.59 (at 2:52 AM UTC), as analysts suggest a cautiously optimistic outlook for the remainder of 2025. Its price jumped 3.77% in the last 5 days (an addition of $3,165.57) as it continues to be influenced by a complex interplay of factors. After reaching an all-time high of approximately $109,000 in January, the cryptocurrency has experienced fluctuations, recently trading around $84,000 as of April 17. This price movement reflects a combination of market sentiment, macroeconomic factors, and technical indicators. Expert insights on Bitcoin's recent price movements Analysts have offered varied predictions for Bitcoin's trajectory in 2025. Titan of Crypto, a well-known technical analyst, suggests that Bitcoin could reach $137,000 by mid-2025. This forecast is based on the formation of a bullish pennant pattern and anticipated liquidity injections from the US Treasury. Dan Tapiero, CEO of 10T Holdings, points to a rare spike in the CBOE Volatility Index (VIX) as a potential indicator of a rebound for risk assets like Bitcoin within the next 6 to 12 months, as per Cointelegraph. Rally predicted Benjamin Cowen, a crypto analyst, predicts that Bitcoin could rally to between $120,000 and $150,000 later in the year, provided it maintains support above $72,000, according to Coinpedia Fintech News. Robert Kiyosaki, author of Rich Dad Poor Dad, envisions a long-term surge, forecasting Bitcoin to reach $1 million by 2035. He attributes this potential growth to ongoing economic challenges and increasing US debt. Despite these optimistic projections, some market participants remain cautious. Polymarket indicates a 61% probability that Bitcoin will surpass $110,000 in 2025. However, they assign lower probabilities to more ambitious targets, with only a 29% chance of reaching $150,000 and a 14% chance of hitting $200,000, as per Business Insider. Trump effect On April 10, Bitcoin surged and most smaller cryptocurrencies gained even more after President Donald Trump surprised markets by saying he would pause so-called reciprocal tariffs on dozens of non-retaliating countries. The largest digital asset jumped as much as 7.4% to $82,715, while XRP and Solana each increased more than 11%. Ether, the second-biggest token, also turned higher after Trump noted the change on his social media platform. Cryptocurrencies had been among few asset classes to hold steady, as investors kept dumping stocks and bonds and seeking havens to the turmoil. Bitcoin's relative outperformance buttresses the argument that it should be included in portfolios to hedge against risks, said Joel Kruger, market strategist at LMAX Group.
Yahoo
04-04-2025
- Business
- Yahoo
Veteran investor says DeFi is ‘boring' — and that's exactly why it's thriving
Decentralized finance (Defi) used to be crypto's wild child — especially during the infamous 'Defi Summer' — but now, according to Dan Tapiero, it's quietly matured into something even more powerful: boring and reliable. 'You said Defi has been boring. I mean, the revenues coming out of Defi dwarf what they were during Defi summer — more than 10x,' said Tapiero, Founder and CEO of 10T Holdings and 1RoundTable Partners, during a Roundtable discussion with Scott Melker on institutional crypto adoption. 'It just kind of ticks along and it works and nobody talks about it anymore.' Tapiero is a long-time macro investor, entrepreneur, and digital asset advocate who co-founded Gold Bullion International and has held senior positions with legendary investors like Stan Druckenmiller and Julian Robertson. But if Defi is quietly winning, what's holding big institutions back from jumping in? 'Some of the businesses out there, the more forward — I call them Web 2.5 — businesses already are using stablecoin and crypto rails,' he explained, citing Stripe as an example. 'Over the weekend, they do settlement on Stablecoin rails.' That said, traditional finance still has a long way to go. 'There are still plenty of people in institutions out there that have no idea about even Bitcoin,' he added. 'They've heard about the ETF… but they don't really get it.' So will major banks go full-on Defi anytime soon? Probably not. 'Do I think a bank in the Midwest is going to all of a sudden be active in Defi? Probably not. But it's all early signs.' For institutions that do get involved, risk management is the name of the game. 'Survival really here is a lot about risk management,' Tapiero said. 'Even this sleeve in our new fund… it's only going to be 15% of the fund and it's only going to be in four or five of these protocols — very controlled.' With altcoins still down as much as 90% from their highs, the message is clear: this isn't a game for gamblers anymore. 'You really have to know how to manage risk,' he said. 'Everything goes down 50 to 80% every three or four years.'
