The funds were raised via convertible notes and will be used to purchase and subsequently stake solana tokens with the goal of generating yield. Half- Billion Dollar Bet: SOL Strategies Gets Cash to Bulk up Solana Stash Canadian crypto company SOL Strategies has secured a $500 million convertible note facility from New York-based investment firm ATW […]

SOL Strategies Secures $500M to Increase Solana Holdings

Ondo Finance has reclaimed a $3 billion market capitalization following a 
strong rally partly fueled by a recent meeting with the U.S. Securities and 
Exchange Commission. According to crypto.news price tracker, the protocol’s 
market capitalization has reached $3.16 billion, marking…

Ondo Finance reclaims $3B market cap as SEC opens tokenization talks

Analysts warn that investors may shift to stock replacement strategies as 
Bitcoin approaches the upper end of its $73,000 to $94,000 range. Bitcoin&#8217;s 
(BTC) recent rally has put it at the upper end of its trading range, and 
analysts are…

Investors can turn to stocks as Bitcoin nears range top, analysts warn

A recent report by Bitget estimates the rapid growth of blockchain adoption 
has the potential to create 1.5 million jobs by 2030, rivalling that of AI&#8217;s 
hiring boom. In Bitget&#8217;s latest report, the crypto exchange highlights the 
untapped potential behind…

Bitget: Blockchain sector could unlock over 1 million new jobs by 2030

The U.S. Securities and Exchange Commission has pushed back decisions on 
Bitwise’s Bitcoin and Ethereum ETFs as well as Canary Capital’s Hedera ETF, 
citing the need for more time as it navigates a surge in ETF filings. 
According to filings…

SEC delays multiple crypto ETF decisions amid growing application backlog

Central banks, particularly China, may start to shift away from US Treasurys, 
exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, 
BlackRock&#8217;s head of thematics and active ETFs.
In a recent interview with CNBC, Jacobs said that geopolitical tensions and 
rising global uncertainty are accelerating diversification strategies among 
central banks.
He pointed to a long-term trend where countries have been reducing their 
reliance on dollar-based reserves in favor of assets like gold and, 
increasingly, Bitcoin (BTC).
&#8220;This whole diversification away from traditional assets and into things like 
gold and also crypto [&#8230;] probably began three, four years ago,&#8221; Jacobs 
explained.
He said that recent geopolitical fragmentation has intensified the push toward 
alternative stores of value.
Jacobs referenced growing concerns following the freezing of $300 billion in 
Russian central bank assets following its invasion of Ukraine, suggesting that 
such events have prompted countries like China to rethink their reserve 
strategies.
_BlackRock executive Jay Jacobs on CNBC. Source: YouTube_ 
 _**Related:**__**Crypto, stocks enter &#8216;new phase of trade war&#8217; as US-China 
tensions rise**_
## Geopolitical fragmentation to shape global markets
During the interview, Jacobs said BlackRock, the world&#8217;s largest asset 
manager, has identified geopolitical fragmentation as a defining force for 
global markets over the coming decades:
&gt; &#8220;We really identified geopolitical fragmentation as a mega force that is 
&gt; driving the world forward over the next several decades.&#8221;
He noted that this environment is fueling demand for uncorrelated assets, with 
Bitcoin increasingly viewed alongside gold as a safe-haven asset.
&#8220;We&#8217;ve seen significant inflows into gold ETFs. We&#8217;ve seen significant inflows 
into Bitcoin. And this is all because people are looking for those assets that 
will behave differently,&#8221; Jacobs said.
_**Related:**__**Bitcoin &#8216;decouples,&#8217; stocks lose $3.5T amid Trump tariff war 
and Fed warning of &#8216;higher inflation&#8217;**_
## Investors highlight Bitcoin decoupling
Notably, Jacobs is not alone in stressing Bitcoin&#8217;s historically low 
correlation with US equities. Several analysts have also observed that Bitcoin 
is beginning to decouple from the US stock market.
On April 22, Alex Svanevik, co-founder and CEO of the Nansen crypto 
intelligence platform, said Bitcoin&#8217;s price is showcasing its growing maturity 
as a global asset, becoming &#8220;less Nasdaq &#8212; more gold.&#8221;
He added that Bitcoin was &#8220;surprisingly resilient&#8221; amid the trade war compared 
to altcoins and indexes like the S&amp;P 500, but remains vulnerable to economic 
recession concerns.
_Source:__Alex Svanevik_
Echoing this sentiment, QCP Capital said in an April 21 Telegram note that 
Bitcoin seemed to be sharing some of gold&#8217;s limelight as a hedge against 
macroeconomic uncertainty.
&#8220;With equities finishing last week in the red and extending an April drawdown, 
the narrative of BTC as a safe haven or inflation hedge is once again gaining 
traction. Should this dynamic hold, it could provide a fresh tailwind for 
institutional BTC allocation,&#8221; it wrote.
_**Magazine: **__**Ethereum is destroying the competition in the $16.1T 
TradFi tokenization race**_