According to a recent EY-Parthenon survey, a significant 70% of crypto investors now integrate digital assets into their wealth management plans.
This shift indicates a move away from viewing cryptocurrencies merely as speculative investments.
Prashant Kher from EY highlighted that beyond trading, cryptocurrencies are increasingly being used for payments, with a 6% rise in this usage among retail investors over the past two years. Accredited investors have shown an even stronger preference for using crypto in transactions.
The survey also reveals that 64% of retail investors have already invested in digital assets, with 69% intending to increase their investments soon. This interest is fueled by the recent introduction of spot Bitcoin ETFs in the US and similar developments globally.
Furthermore, 63% of accredited investors are keen on investing in tokenized real-world assets (RWAs) by 2027. This growing interest reflects a broader desire for innovative investment opportunities.
The rise in DeFi activities, including a 16% increase in staking and an 11% boost in DeFi platform usage, underscores the expanding role of cryptocurrencies in various financial activities.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.