ChainCatcher news, according to Decrypt, Jennifer Thornton has transitioned from the world's largest asset management company BlackRock to the crypto asset management firm Bitwise, where she is now responsible for managing a portfolio that includes Bitcoin and Pudgy Penguins NFTs.

ChainCatcher news, according to Jinshi Data, Credit Suisse analyst Ipek Ozkardeskaya stated that given the high concentration of global portfolios in U.S. companies, investors may need to increase their hedging against the risk of a weakening dollar. This could further depress the dollar's valuation in the medium term. In the past, investors were not eager to hedge against the risk of dollar depreciation because, during periods of increased market volatility, the dollar typically strengthened due to safe-haven inflows. However, the recent situation is different: despite rising market volatility, the dollar has continued to weaken. This increase in volatility itself has raised hedging costs, leading to an unusual negative correlation between the dollar and volatility. This situation is causing significant distress for investors.

ChainCatcher news, according to The Block, the latest 13F filing disclosed by the Wisconsin Investment Board shows that the agency has completely liquidated its $321 million position in the BlackRock spot Bitcoin ETF (IBIT).The filing indicates that as of the end of March, the board no longer holds any IBIT shares. The investment board has not fully exited crypto-related investments, as the filing shows it still holds approximately $19 million in Coinbase stock. Previously, the agency had completely liquidated its position in the Grayscale Bitcoin Trust (GBTC). Notably, the BlackRock IBIT fund recently set a record for 20 consecutive days of net inflows, with inflows exceeding $5 billion.

ChainCatcher news, according to CryptoSlate, Bitwise Chief Investment Officer Matt Hougan stated that the financial advisory sector is undergoing a significant shift in cryptocurrency investment. He anticipates that by the end of 2025, most major institutions will open access to cryptocurrency exchange-traded products (ETPs).Hougan pointed out that the allocation of institutional investments in cryptocurrency is changing, with a 5% allocation of cryptocurrency in portfolios becoming the new normal.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated, "If I had to choose one company currently valued under $100 billion that is most likely to exceed a $1 trillion market cap in the future, I would choose Coinbase, which has a current market cap of $61 billion."

ChainCatcher news, according to Ledger Insights, the Swiss banking industry is actively exploring the field of stablecoins to enhance global competitiveness and drive financial innovation.A recent report from the Swiss Bankers Association (SBA) pointed out that despite Switzerland facing strict anti-money laundering (AML) and know your customer (KYC) regulatory requirements in the development of stablecoins, stablecoins are still seen as an important opportunity for modernizing the financial system.However, current Swiss regulations require stablecoin issuers to identify all holders at all times, a provision criticized by industry insiders as "Swiss-style overregulation," which limits the widespread adoption of stablecoins. To address these challenges, the SBA is studying a stablecoin model backed by central bank funds as reserves and is calling for a clearer regulatory framework to promote the development of stablecoins in Switzerland.

ChainCatcher news, according to a post by the wealth management company Swissblock, although the price of Bitcoin has risen back above $100,000, the market is not in a hurry to sell, and the selling pressure is very low. The market is waiting for better exit opportunities. This indicates that there is still more room for growth in the future.

ChainCatcher news, according to Cointelegraph, digital asset management company Bitwise has submitted a listing application for a spot NEAR ETF to the U.S. Securities and Exchange Commission, adding a new contender to the growing list of alternative coins vying for regulatory approval.Bitwise's registration statement on May 6 indicates that the ETF will track the price movements of the NEAR token through traditional brokers, net of fees. Bitwise has designated Coinbase Custody as the custodian for the Bitwise NEAR ETF. The management fee, ticker symbol, and listing exchange for the Bitwise NEAR ETF have yet to be determined.

ChainCatcher news, according to CoinDesk, global banking giant Citi has partnered with the digital asset division of Switzerland's major securities trading platform, SIX Digital Exchange (SDX), to tokenize privately held shares, aiming to simplify the $750 billion market that currently relies on PDF files and paper documents.Citi will act as the custodian and issuance agent, providing tokenized versions of late-stage, privately held company equity on SDX's regulated blockchain platform—the Central Securities Depository (CSD) platform.

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that four major financial institutions—Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS Group (managing over $10 trillion in client assets)—are expected to fully support Bitcoin ETF products by the end of this year.Although the inflow of funds into Bitcoin ETFs has not been as strong this year compared to the same period in 2024 (attracting only about $4 billion so far, compared to $11.8 billion last year), Hougan still predicts that 2025 will set a new record for net fund inflows.He pointed out that institutional participation is on the rise—nine out of the top ten hedge funds globally already hold Bitcoin, including institutional investors like Emory University and the Texas Teacher Retirement System, as well as large asset management companies like BlackRock entering the market. These factors will drive more investors into the Bitcoin market.

ChainCatcher news, the SEC has postponed its decision on Bitwise's spot DOGE ETF application until June 15, 2025.

ChainCatcher news, according to Decrypt, Swiss supermarket chain Spar plans to fully launch Bitcoin payments in Switzerland after a successful pilot program.The Spar store located in Zug began accepting Bitcoin payments via the Lightning Network in early April, using DFX Swiss's OpenCryptoPay platform, which is an open peer-to-peer standard designed specifically for face-to-face crypto transactions.

ChainCatcher news, Bitwise CEO Hunter Horsley posted on the X platform that the price of Bitcoin has reached $94,000, yet------the search volume for "Bitcoin" on Google is close to long-term lows. This is not driven by retail investors. Institutions, investment advisors, corporations, and national entities have all entered the market. The types of investors buying Bitcoin are becoming increasingly diverse.

ChainCatcher news, according to a report by Jinshi, citing CCTV, on the 25th local time, U.S. President Trump stated to reporters on "Air Force One" that he would not cancel the tariffs imposed on China unless China makes substantial concessions. Over the past week, the U.S. side has been sending chaotic and even contradictory signals regarding the tariff issue with China.A spokesperson for the Chinese Embassy in the United States emphasized on the evening of the 25th that there have been no consultations or negotiations between China and the U.S. on the tariff issue, let alone reaching an agreement. If the U.S. side truly wants to resolve the issue through dialogue and negotiation, it should correct its mistakes, stop threats and coercion, and completely cancel all unilateral tariff measures against China. It is not the right way to deal with China to say one wants to reach an agreement while continuously applying extreme pressure, and it will not work.

ChainCatcher news, according to Coindesk, the Swiss National Bank has refused to hold Bitcoin reserves, citing concerns over the liquidity and volatility of the cryptocurrency market. Swiss National Bank President Martin Schlegel stated at the central bank conference on Friday: "For cryptocurrencies, market liquidity may sometimes seem decent, but it is naturally called into question during times of crisis. Cryptocurrencies are also known for their high volatility, which poses a risk to long-term value preservation. In short, it can be said that cryptocurrencies currently do not meet our high requirements for monetary reserves."

ChainCatcher news, according to Formula News, Bitwise NEAR ETF has been registered in Delaware.

ChainCatcher news, according to Jinshi reports, the Swiss central bank president stated that cryptocurrencies have very high volatility, and the market liquidity in crisis situations is questionable.

ChainCatcher news, according to the regulatory documents released on April 24, the U.S. Securities and Exchange Commission (SEC) has postponed the decision deadline for Grayscale's application to convert the Polkadot Trust into a spot ETF and Canary Capital's submitted HBAR spot ETF listing plan to June 11. In addition, the approval for Bitwise's Bitcoin and Ethereum ETF has also been extended to June 10. The SEC stated that it needs more time to evaluate the proposals and public opinions.

ChainCatcher news, according to Cryptoslate, based on regulatory documents released on April 24, the U.S. Securities and Exchange Commission (SEC) has postponed the decision deadline for the HBAR spot ETF listing plan submitted by Canary Capital to June 11.In addition, the approval for the Bitcoin and Ethereum ETF proposed by Bitwise has also been extended to June 10. The SEC stated that it needs more time to evaluate the proposals and public opinions.