LATEST: Morgan Creek’s Founder Mark Yusko Keeps Bullish Crypto Outlook

Mark Yusko, the founder of Morgan Creek Capital Management, highlighted the strategic importance of including digital assets in investment portfolios during his recent appearance on CNBC’s Fast Money. Yusko emphasized their unique value as uncorrelated diversifiers that don’t depend on traditional financial asset metrics.

He also shared an optimistic outlook for cryptocurrencies, particularly Bitcoin. The introduction of Bitcoin exchange-traded funds (ETFs) is expected to reduce volatility and potentially drive prices significantly higher. Yusko predicts the assets under management (AUM) for Bitcoin ETFs could escalate to $300 billion, attributing the growth to the ease of investing in cryptocurrencies through ETFs, bypassing the complexities of dealing with software or hardware.

Further bolstering his case, Yusko referred to the historical performance of Bitcoin, which has consistently shown robust gains. His bold prediction aligns with top traders like Peter Brandt, who foresee Bitcoin reaching as high as $150,000 by 2025. This optimism in digital assets comes amidst a backdrop where traditional commodities, despite hitting new highs, remain undervalued compared to paper assets, according to Yusko.

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D8X protocol brings novel futures exchange to Arbitrum

The perpetual futures exchange landscape is undeniably crowded at this stage, with literally hundreds of offerings available.

Many offer similar user experiences and features, and only the top 20 or so have attracted a meaningful amount of trader capital or volume. Fewer still can compete with centralized exchanges in terms of order execution and liquidity.

Newcomer D8X, which is now available on Arbitrum, has several features that its founders hope will let it stand out from the crowd.

It’s a full-fledged on-chain perp DEX protocol using an automated market-making (AMM) approach with no centralized order book.

The protocol is designed to be a white label product, with an open-source…

Read more on Blockworks

Bitcoin Startup All-In On New Layer 2 Scaling Protocol

A year following its proposal, a new project revealed today is committed to bringing the Ark concept into reality. Ark Labs has announced it is developing the Bitcoin layer-two network and hopes to capitalize on the growing demand for scalable, low-cost Bitcoin payment solutions.

Speaking with Bitcoin Magazine, Marco Argentieri, CEO of Ark Labs, shared his perspective on the evolution of the protocol since its initial release. “After months of prototyping and putting together proofs-of-concept, we believe Ark is ready to enter the next stage of its development and we are excited to share this opportunity with the industry”.

… Read more on BitcoinMagazine

Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Quack (QUACK): 242%
  2. Efforce (WOZX): 66%
  3. ritestream (RITE): 48%
  4. Engines of Fury (FURY): 22%
  5. IntentX (INTX): 16%

$10M – $100M MarketCap:

  1. pSTAKE Finance (PSTAKE): 62%
  2. Linear (LINA): 41%
  3. OmniCat (OMNI): 37%
  4. Chickencoin (CHKN): 25%
  5. mfercoin (MFER): 21%

$100M – $1B MarketCap:

  1. DOG•GO•TO•THE•MOON (DOG): 27%
  2. PUPS (PUPS): 27%
  3. Vulcan Forged (PYR): 16%
  4. Beercoin (BEER): 15%
  5. Songbird (SGB): 14%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Peter Brandt’s Bullish Bitcoin Forecast

Renowned market analyst Peter Brandt has shared a series of predictions that have set the Bitcoin world abuzz.

Known for his accurate forecasts, including bitcoin’s parabolic bull run in 2017, Brandt has recently made headlines with his latest outlook for bitcoin.

He suggests that the digital asset could reach new heights, potentially hitting between $130,000 and $150,000 by late August or early September 2025.

Brandt’s analysis centers around Bitcoin’s halving events, which occur approximately every four years and reduce the rewards for mining new blocks by half.

Historically, these events have been pivotal in bitcoin’s price trajectory, often marking the start…

Read more on bitcoinnews