A cohort of Princeton graduates is reshaping corporate treasury strategy by steering reserves into Bitcoin and Ethereum. This “Princeton Mafia” applies Wall Street methods to accumulate crypto, affecting how companies and large funds hold reserves and influencing balance sheets, fund managers, and regulators.
Author: ethan
ethan
Ethan focuses on altcoins and emerging blockchain ecosystems, covering new projects, sector expansion, and shifting narratives across the crypto landscape. His work looks at how ecosystems grow and interact, beyond short-term price movements. He regularly contributes context on Layer 1 developments and Web3 or DeFi trends connected to broader ecosystem growth.
VerifiedX now connects the SwitchBlade wallet to Crypto.com’s payment rails, letting users buy VFX or stablecoins straight with fiat. The move trims steps that delay first-time entry into Web3 and touches consumers, DApp builders, and stores. It centers on making crypto payments more accessible while keeping user control intact.
The user keeps the money, the data and the final say through DeFi. It moves financial control to the individual and marks a clear change in how custody plus asset exchange work. The debate counts because it touches every user, every liquidity provider and every platform that issues a vote bearing token, and the 2016 DAO hack shows that opportunity and risk sit side by side when code guards the vault.
Global cryptocurrency Exchange-Traded Products (ETPs) experienced an abrupt halt in their inflow streak last week. Massive net outflows totaling $812 million were recorded during the period. This capital movement, disclosed in the weekly CoinShares report, brings an end to two consecutive weeks of positive growth. James Butterfill, Head of Research at CoinShares, attributes the outflows to diminishing confidence regarding upcoming US interest rate cuts.
A monumental move in the Asian financial landscape has put digital assets front and center: the South Korean National Pension Service (NPS), the world’s third-largest pension fund with over $930 billion in assets under management, has been formally urged to include Bitcoin investment and other crypto assets in its portfolio. The recommendation was presented by Kab Lae Kim, a senior research fellow at the prestigious Korea Capital Market Institute (KCMI), during a recent local conference, signaling that the time has come for the state giant to break the barrier of caution.
Riot Platforms drew two Wall Street upgrades after signaling a shift toward artificial intelligence and high-performance computing. JPMorgan lifted the stock to Overweight with a $19 target, while Citigroup raised it to Buy with a $24 target. Both banks expect Riot to rent out its data centers to customers who bring their own servers, a model known as colocation.
OpenAI and recent reports show no large-scale layoffs from AI so far, even as workplaces shift quickly. Estimates point to about 26% of roles set for major change under generative AI, while broader automation exposure climbs toward 2030 and 2045. Firms and training boards are urged to track these numbers closely.
The prominent cryptocurrency exchange Kraken has successfully closed a new funding round for $500 million, thereby raising its total valuation to $15 billion. The scoop, which rocked the market this Friday, September 26th, was originally reported by Fortune magazine, confirming robust investor confidence in one of the most established players in the digital asset ecosystem.
The cryptocurrency market is experiencing noticeable caution this Friday, with major digital assets like Bitcoin (BTC) and Ethereum (ETH) showing slight declines. The main cause is a growing risk-off sentiment among investors, who are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) price index. This report, to be released by the Bureau of Economic Analysis, is a key inflation indicator for the Federal Reserve.
The two largest crypto assets, Bitcoin and Ether, are seeing intensified selling and buying ahead of the monthly settlement. Several billion dollars of contracts closing on the same day, and past records show such clusters often widen the daily price range. Risk officers and institutional desks must roll or flatten positions before the cut off.