Latest news with #DRW
Arabian Post
04-07-2025
- Business
- Arabian Post
Stock market information for Bitcoin
Bitcoin is a crypto in the CRYPTO market. The price is 107761.0 USD currently with a change of -1627.00 USD from the previous close. The intraday high is 110000.0 USD and the intraday low is 107741.0 USD. Whale Exodus, Institutional Surge Define Bitcoin Landscape A profound shift in Bitcoin ownership is underway as early large holders—or 'whales'—have offloaded more than 500,000 BTC over the past year, while institutions such as spot ETFs, corporate treasuries and asset managers have collectively swooped up nearly 900,000 BTC. That haul now places institutional ownership at roughly 4.8 million BTC, equivalent to 25% of the total ~20 million supply. ADVERTISEMENT This reshaping of ownership has already led to a marked decrease in price volatility. Deribit's 30-day BTC Volatility Index sits at its lowest point in around two years, a trend noted by industry figures such as DRW's Rob Strebel and Arca's Jeff Dorman, who have characterised Bitcoin's market as transitioning from a speculative instrument to 'slow‑burn' portfolio allocation. As a result, analysts are revising expectations downward, now forecasting restrained annual returns in the region of 10–20%, rather than expecting sharp bull‑run surges. The price has stabilised around US $110,000, reflecting the dampening effect of institutional inflows against whale outflows. However, experts caution that this equilibrium may be fragile: if whales continue to sell and institutional inflows cool, Bitcoin could become vulnerable to abrupt corrections, echoing past events when relatively modest outflows of 2% in 2018 and 9% in 2022 triggered collapses of 74% and 64% respectively. The implications of this structural change extend beyond price mechanics. When whales use institutional venues as an exit route—via ETF conversions or corporate treasuries—they secure liquidity that can facilitate large-scale unwinds without triggering immediate volatility. Critics like Hilary Allen argue this may leave smaller stakeholders exposed in the event of a broader downturn. Regulatory evolution has played a pivotal role. The introduction of U. S. spot BTC ETFs in January 2024 and subsequent inflows have legitimised institutional participation, with major asset managers—BlackRock, Fidelity and MicroStrategy among them—establishing significant positions, enhancing market depth and resilience. Interlinked macroeconomic conditions have further shaped trends. A weaker U. S. dollar, increased money supply, rising equity markets and higher mining costs—due to energy pricing—have slowed new issuance, tilting supply‑demand dynamics in Bitcoin's favour and reinforcing institutional demand. Nonetheless, the transformation is not without nuance. The repricing of Bitcoin—as volatility subsides—could dampen the appeal among short‑term traders and retail participants who previously thrived on speculative swings. Meanwhile, institutional models of 'faster money' mean that large‑scale monthly or quarterly rebalancing could trigger intermittent volatility spikes. Market observers are now closely monitoring whale behavioural patterns and ETF flow data to gauge whether institutional appetite will sustain. Markus Thielen from 10x Research suggests this transition could define Bitcoin's identity for years, positioning it for steady, long‑term growth at 10–20% annually—but warns that the absence of new inflows may precipitate sharp market corrections.
Yahoo
03-07-2025
- Business
- Yahoo
YZi Labs Invests with DRW, Tradeweb, Goldman Sachs, DTCC, Citadel in Digital Asset's Latest Round
Main takeaways YZi Labs joins leading financial institutions like DRW, Tradeweb, Goldman Sachs, Citadel Securities, DTCC in Digital Asset's $135M Series E round, signaling its support of institutional adoption around compliant blockchain infrastructure. The investment will fuel the growth of the Canton Network, the only public L1 with configurable privacy, enabling regulated institutions to securely bring trillions in real-world assets on-chain. ABU DHABI, United Arab Emirates, July 3, 2025 /PRNewswire/ -- YZi Labs today announced its investment in Digital Asset, a platform for enterprise-grade tools to build compliant solutions for regulated markets. This investment builds on Digital Asset's $135M Series E fundraising round announced on June 24, which included participation from major financial institutions such as DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs. By joining this round, YZi Labs reinforces its commitment to advancing institutional adoption through infrastructure that meets the regulatory and operational needs of mature markets like the U.S. Digital Asset is the creator of the Canton Network, the only public L1 network built from the ground up with configurable on-chain privacy. As of June 2025, Canton has supported tokenized real-world assets with a total value locked (TVL) of trillions of dollars, including over $1.5 trillion in monthly tokenized U.S. Treasury repo activity. The network has seen notable growth over the past year with nearly 400 participants across its ecosystem, including global leaders in both traditional and decentralized finance. The blockchain space has long lacked a solution that allows regulated financial institutions to operate on-chain without compromising privacy, control, or compliance. Traditional public blockchains are too transparent for sensitive financial data, while private chains lack interoperability and scalability. By allowing institutions to tailor privacy settings to their specific needs, Canton overcomes the primary barrier to blockchain adoption: the conflict between transparency and financial confidentiality. This funding will allow Digital Asset to expand the Canton Network's infrastructure, onboard new institutions more quickly, and support the composability and interoperability required to bring billions of dollars of real-world assets on-chain. Over the next 12 to 18 months, there will be additional live deployments from major financial players, interoperability between applications across nodes, and a meaningful expansion into new global markets. "Through this investment, YZi Labs is proud to support the mission of bringing tokenized real-world assets into the financial mainstream, and to contribute to the broader goal of advancing global institutional adoption." said Ella Zhang, Head of YZi Labs. "This investment from YZi Labs reinforces the growing demand for blockchain infrastructure that meets the rigorous standards of global financial markets," said Yuval Rooz, Co-Founder and CEO of Digital Asset. "Their deep conviction in foundational Web3 infrastructure, global track record in scaling emerging technologies, and expertise in accelerating blockchain adoption make them an ideal partner as we expand Canton's reach. With this new backing, we're advancing our mission to bring trillions of dollars more in real-world assets on-chain, creating a more connected and efficient financial ecosystem." About YZi LabsYZi Labs manages over $10 billion in assets globally. Our investment philosophy emphasizes impact first—we believe that meaningful returns will naturally follow. We invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech. YZi Labs' portfolio covers over 300 projects from over 25 countries across six continents. More than 65 of YZi Labs' portfolio companies have gone through our incubation programs. For more information, follow YZi Labs on X. About Digital Asset HoldingsDigital Asset is a leading innovator in blockchain technology, transforming traditional and digital financial markets with privacy-enabled solutions that improve capital flow and create a more efficient, fair, and resilient global system. As the creator of the Canton Network, the only public layer one blockchain with privacy, and a founding member of its Global Synchronizer Foundation, Digital Asset has been a pioneer of this open, secure, and interoperable infrastructure. Founded in 2014, Digital Asset is committed to reshaping the future of finance by enabling real-time efficiencies, 24/7 global transactions, and unlocking the full potential of cryptocurrencies, digital assets, and the continued convergence of decentralized and traditional finance. About the Canton NetworkThe Canton Network is the first public, permissionless blockchain purpose-built for institutional finance—uniquely combining privacy, compliance, and scalability. Governed by the Global Synchronizer Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. Initially developed by Digital Asset and now open-sourced, Canton supports decentralized governance and collaborative app development. By overcoming the limitations of existing blockchains, it unlocks new efficiencies for regulated institutions and facilitates the convergence between traditional finance and institutional crypto. Disclaimer:The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions. Media Contacts:Yuna Labs yuna.y@ Paul PatellaDigital Asset (US) View original content to download multimedia: SOURCE Digital Asset (US) Corp.
Business Post
13-06-2025
- Business
- Business Post
Breaking: US tycoon pours €86 million into Trump crypto project after probe cancelled
An American financier i nvested €86 million ($100 million) in the Trump family's flagship bitcoin project just two months after a probe into his crypto business was dropped by the Trump administration. Chicago-based DRW Investments, the trading firm founded and controlled by Don Wilson, acquired nearly four million shares in Trump Media & Technology Group last month, according to public filings cited by the Financial Times. The purchase formed part of a funding round linked to a planned acquisition of more than $2 billion worth of cryptocurrency. The investment in TMTG, which is behind the Truth Social app and controlled by the US president's family, makes DRW among the biggest financiers of the group's crypto bet. DRW said: 'We are a major institutional player in cryptoassets and have been for over a decade. We engage in a variety of strategies in the crypto ecosystem, and we see the benefit of holding bitcoin on corporate balance sheets. This transaction was viewed purely through that lens.' TMTG did not respond to an FT request for comment, the report states Over the past four decades Wilson has built DRW into one of the world's largest trading firms by headcount. Its rival Jane Street was the largest investor funding TMTG's crypto bet, buying about $375mn in the equity fundraising, according to a regulatory filing.
Chicago Tribune
15-03-2025
- Business
- Chicago Tribune
CEO and founder of diversified trading firm DRW Holdings sold Michigan home for $7M
Since July 2023, the CEO and founder of Chicago-based diversified trading firm DRW Holdings has tried to sell a prominent, five-bedroom Wicker Park mansion, which is currently listed for $5.995 million. But that vintage mansion isn't the only residential real estate Donald R. Wilson Jr. has tried to sell of late. Last year, Wilson sold an eight-bedroom, 10,750-square-foot mansion on Lake Michigan in Union Pier, Michigan, for $7 million. Co-listing agent Toni Philander Morris of @properties Christie's International Real Estate declined to comment on the seller or the home, but confirmed that that $7 million sale was a record sale for the multiple listing service in southwest Michigan's Harbor Country, an area popular with many Chicago-area residents. At least one Harbor Country home, in nearby New Buffalo, reportedly sold for more when it changed hands in an off-market deal in 2023 for more than $8.5 million. But in recent months, no Harbor Country home has sold for more than even $5 million, and only one has traded for more than $4 million. Wilson currently owns and lives in a Lincoln Park mansion. He also has shown an affinity for commercial real estate, overseeing the renovations of other vintage Chicago properties, including the Three Arts Club on the Gold Coast, the Robey Hotel in Bucktown and the old Noel State Bank building in Bucktown. He has undertaken these commercial projects through DRW's real estate arm. The Union Pier mansion, however, is far from vintage. Built in 2007, the mansion has some 99 feet of Lake Michigan frontage, along with 6-1/2 bathrooms, one fireplace, a lower level with a wine cellar, a 12-person theater and a gym. It also has a kitchen with new Wolf appliances and a Sub-Zero refrigerator, along with a primary bedroom suite that has a walk-in closet, office space and a sitting tub. Outside on the 0.65-acre property are a pool and a deck facing the lake. Through a Delaware limited liability company based at DRW's offices, Wilson paid $4.05 million in 2020 to buy the mansion from a Michigan LLC owned by Jonathan Graham, according to public records. Wilson then listed it in 2023 for $9.2 million before cutting his asking price to $8.5 million later that year. He sold the Union Pier mansion last year for $7 million to another Delaware limited liability company whose manager has homes in Palm Beach, Fla. and Oak Park, according to public records. Meanwhile, through an opaque land trust, Wilson paid $4.8 million in 2021 in an off-market deal for the 8,250-square-foot red brick imitation castle-style Wicker Park mansion and its 0.25-acre property, and weeks later, he paid $1.475 million to a separate seller for the adjoining coach house and its 0.09-acre property, immediately to the east. Wilson then announced and ultimately completed renovations to the mansion and linked the mansion to the coach house, listing agent Tim Salm of Jameson Sotheby's told Elite Street. Then, in 2023, Wilson put the expanded and renovated Wicker Park mansion on the market for $6.95 million. He cut his asking price to $6.5 million later that year and then in July 2024 to $5.995 million, which is its current price.
