Arthur Cheong, founder of DeFiance Capital, believes there’s a significant opportunity for long-term holders in the DeFi sector.
Cheong highlighted that DeFi is currently undervalued and is innovating rapidly, outpacing traditional finance.
Cheong expressed his excitement about the risk-reward potential in DeFi, noting this is the most promising period since the pre-DeFi boom of 2020. He emphasized opportunities in both established and emerging DeFi projects, which are growing faster than many fintech startups.
He also noted the significance of the recent launch of Ethereum (ETH) spot market ETFs, stating that this development signifies a permanent shift in the financial landscape.
Cheong expects traditional financial managers to continue introducing new crypto products to meet growing demand, predicting the launch of actively managed crypto ETFs in the near future.
Earlier, Cheong suggested that the focus of crypto should not be on mass adoption but on disrupting specific financial sectors.
He believes that digital assets are best suited for high-impact uses such as global state-free money, cross-border payments, and decentralized finance, rather than trying to achieve broad mainstream adoption.
Fidelity is making a bold move into the crypto space by offering new retirement accounts that let Americans invest in digital assets with minimal fees.
Robinhood CEO Vlad Tenev believes that the tokenization of traditional assets could play a key role in strengthening the position of the US equities market globally.
A stablecoin lost its peg to the US dollar on Wednesday morning, following allegations that the company behind it, based in Hong Kong, was facing bankruptcy.
Sony Singapore has made a move towards embracing cryptocurrency by introducing USDC payments on its official online store, utilizing Crypto.com’s payment service.