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According to The Block, after Circle's stock price plummeted due to regulatory concerns, the asset management firm Bitwise stated that its valuation could reach $75 billion by 2030, believing that the market reaction is excessive.Bitwise Chief Investment Officer Matt Hougan stated that the relevant legislation has not changed the fundamental growth logic of the stablecoin market, citing Citigroup's prediction that the stablecoin market size could reach $1.9 trillion by 2030. He pointed out that interest income is not the core driver of stablecoin growth.In addition, institutions such as William Blair believe that although there is still uncertainty in regulatory statements, the value of stablecoins in cross-border B2B payments is evident, and the long-term outlook has not been substantively affected. Some analysts also pointed out that if profit distribution is restricted, it may weaken competitors' ability to attract liquidity through high yields, which would be beneficial for Circle.

Lombard and Bitwise Asset Management announced a partnership at the Digital Asset Summit in New York, offering a solution for institutions to earn yields and collateralize BTC lending without moving assets out of custody, targeting the scale of BTC assets under institutional custody.Bitwise will develop yield strategies that combine DeFi lending with tokenized real-world assets, while the decentralized lending protocol Morpho will provide the infrastructure for BTC collateralized lending. The platform uses Bitcoin-native tools such as partially signed transactions and time locks to verify collateral, allowing positions to be represented on-chain without transferring or re-collateralizing the underlying assets.Phillips stated that Bitcoin Smart Accounts can simultaneously reduce custody, cross-chain bridge, and counterparty risks. This solution is aimed at high-net-worth individuals, asset management firms, and corporate treasuries, with plans to launch in the second quarter of 2026 and will add more custodians and protocols to expand coverage.Lombard estimates that approximately $500 billion in BTC is under institutional custody; DefiLlama data shows that the total locked value of BTC in DeFi is about $2.93 billion, with a market cap of approximately $1.4 trillion; as of the time of writing, Babylon Protocol's total locked value is about $2.8 billion, and Lombard's is approximately $744 million.

According to Blockworks, BSOL (the Solana staking ETP launched by Bitwise) has become the largest Solana staking ETP by assets under management (AUM).Over $1.8 billion in SOL is staked through the ETP, of which $600 million is held by BSOL owned by Bitwise.

According to CoinDesk, Bitwise Asset Management Chief Investment Officer Matt Hougan stated that if Bitcoin can capture a larger share of the global value storage market currently dominated by gold and government bonds, Bitcoin could eventually reach $1 million per coin. Geopolitical tensions, potential crises in traditional "safe" assets, and Bitcoin's fixed supply could accelerate its rise, but most believe this will take a decade or longer, rather than being an imminent event.Analysts say that the $1 million target is less of an exact prediction and more of a shorthand for Bitcoin maturing into a major global currency asset, with the outcome depending on long-term institutional adoption and the expansion of the value storage market.

According to The Block, Bitwise Chief Investment Officer Matt Hougan reiterated in a recent memo that the price of Bitcoin is expected to reach $1 million per coin. He pointed out that when viewed as a competitor to gold in the global value storage market, its long-term potential becomes clearer.Currently, the global value storage market is nearly $38 trillion, with gold accounting for about $36 trillion and Bitcoin approximately $1.4 trillion, making up less than 4%. Hougan believes that if the market continues to expand at an annual compound growth rate of about 13% over the past 20 years, it could reach around $121 trillion in the next decade, at which point Bitcoin would only need to capture about 17% of the market share to achieve a price of $1 million.He believes recent developments support this possibility: the spot Bitcoin ETF has become the fastest-growing ETF in history, institutions such as Harvard's endowment and the Abu Dhabi sovereign wealth fund have allocated to this asset, and Bitcoin's long-term volatility has decreased. He acknowledges that risks still exist but also points out that if concerns about government debt and fiat currency devaluation intensify, this prediction may still seem conservative.

Bitwise Chief Investment Officer Matt Hougan stated that the price of Bitcoin could potentially reach $1 million per coin in the future. He believes that when viewed from the perspective of the global "Store of Value" market, Bitcoin's long-term potential becomes clearer, as it is gradually competing with gold for the status of a digital value storage asset.In his latest memo titled "How Bitcoin Gets to $1 Million," Hougan pointed out that the current global value storage market is approximately $38 trillion, with about $36 trillion coming from gold, while Bitcoin is around $1.4 trillion, accounting for less than 4% of that market. Hougan believes that many investors underestimate Bitcoin's potential because they overlook the growth rate of the value storage market itself. For example, when the first gold ETF was launched in the U.S. in 2004, the global gold market was only about $2.5 trillion, and it has now approached $40 trillion, with a compound annual growth rate of about 13%. This growth has been primarily driven by increasing government debt, geopolitical uncertainty, and loose monetary policies.If the value storage market continues to expand at a similar pace over the next decade, its size could reach approximately $121 trillion. In this scenario, Bitcoin would only need to capture about 17% of the market share for its price to reach $1 million. Hougan also noted that the development of the crypto market in recent years has laid the groundwork for this outlook. For instance, a few years ago, there was no Bitcoin spot ETF in the U.S., but now Bitcoin spot ETFs have become one of the fastest-growing ETF products in history. At the same time, institutional investors, including Harvard University's endowment fund and the Abu Dhabi sovereign wealth fund, have begun to allocate Bitcoin.

According to PR Newswire, asset management company Bitwise announced that the Ethereum Foundation is using the open-source software Dirk and Vouch developed by its on-chain staking department for treasury staking. The Ethereum Foundation has completed its first deposit of 2,016 ETH and plans to ultimately stake around 70,000 ETH, valued at approximately $140 million.This staking aims to leverage the Dirk distributed signer and Vouch multi-client verification tools to ensure network security and client diversity.

According to a report by PR Newswire, cryptocurrency asset management company Bitwise Asset Management announced its second donation to Ethereum open-source developers, with this donation amounting to $100,000, awarded to two Ethereum open-source developer organizations, Protocol Guild and PBS Foundation.Bitwise stated yesterday that, as part of its annual commitment to support Bitcoin open-source developers, it donated $233,000 to Bitcoin open-source developers. This year, Bitwise's Bitcoin spot ETF (BITB) has seen significant growth, and this donation marks the second annual contribution of the 10% gross profit plan promised at the launch of BITB.

Bitwise announced on the X platform that, as part of its annual commitment to support Bitcoin open-source developers, Bitwise has donated $233,000 to Bitcoin open-source developers.This year, Bitwise Bitcoin ETF (BITB) has seen significant growth, and this donation marks the second annual contribution of the 10% gross profit plan promised at the launch of BITB. The funds will be distributed by three nonprofit organizations: Brink, OpenSats, and the HRF Bitcoin Development Fund.

Bitwise Chief Investment Officer Matt Hougan stated that it was previously expected that traditional markets would take 5 to 10 years to migrate to on-chain at scale. However, following the U.S. attacks on Iran and during the global major stock market closures, a large number of investors flocked to crypto platforms to trade tokenized assets, significantly advancing the timeline for the adoption of "on-chain finance." The crypto perpetual contract platform Hyperliquid has become a trading center for real-world assets (RWA) such as crude oil and tokenized gold."During most of Sunday, on-chain finance became the center of the global financial market," data shows that Hyperliquid's total trading volume exceeded $11.5 billion over the weekend. Additionally, the 24-hour trading volume of Tether's tokenized gold product, Tether Gold, surged to over $300 million at one point, and the trading volumes on prediction markets Kalshi and Polymarket also saw significant increases.

Bitwise Chief Investment Officer Hougan dismissed various conspiracy theories circulating in the market, including attributing the decline to Binance, Wintermute, offshore macro hedge funds, paper Bitcoin, and the recent claims about Jane Street. He pointed out that the reasons for investor sell-offs include the four-year cycle pattern, concerns about quantum computing, and the shift of funds towards AI startups.He believes that most of the sell-off is nearing its end, and the market is in the process of bottoming out, with Bitcoin set to reach new all-time highs in the future. Hougan described the current situation as a "classic cryptocurrency winter" and believes that it will be followed by a "classic cryptocurrency spring."

According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that there may currently be structural valuation errors in crypto assets, primarily due to investors' "anchoring bias," which keeps them focused on old narratives while ignoring the reality that Wall Street is accelerating its shift towards on-chain infrastructure.Hougan emphasized that although the market size for tokenized assets is currently only about $20 billion, the vast scale of traditional financial markets indicates significant growth potential. He cited examples such as BlackRock launching a tokenized government bond fund, JPMorgan issuing deposit tokens on the Base network, and Apollo's tokenized credit fund, arguing that the lagging consensus narrative compared to actual developments provides investors with opportunities to achieve excess returns (Alpha). He suggested that investors should establish broad market exposure to navigate the ongoing structural changes in finance.

Bitwise announced the acquisition of institutional staking service provider Chorus One to expand its staking operations across more than 30 proof-of-stake chains, with the specific acquisition amount not disclosed.Chorus One manages approximately $2.2 billion in staked assets and will be integrated into Bitwise Onchain Solutions, serving institutional investors, family offices, and financial platforms. This acquisition will enhance Bitwise's staking capabilities and research coverage on chains such as Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, and TON.The terms of the deal were not disclosed, and about 50 core team members from Chorus One will join Bitwise, with co-founder Brian Crain appointed as an advisor to Bitwise.

According to The Block, Bitwise Chief Investment Officer Matt Hougan stated that decentralized finance is expected to lead the crypto market out of the current bear market. He pointed out that major DeFi protocols have shown substantial progress: Uniswap DEX's trading volume often exceeds that of centralized exchange Coinbase, and DeFi lending platform Aave has an annual revenue of over $100 million. Hougan believes that the next bull market will focus on fundamentals, and DeFi aligns with this trend.Hougan specifically mentioned Aave Labs' recent governance proposal, which aims to transfer all Aave brand product revenues to the DAO treasury while adjusting the incentive mechanisms between developers and the community. He believes this shift will help address the long-term misalignment between the protocol's success and the token's value; if Aave can achieve this, other DeFi assets may follow suit. He also noted signs of institutional participation, such as BlackRock investing in Uniswap and Apollo investing in Aave competitor Morpho.Additionally, Strategy co-founder and Executive Chairman Michael Saylor stated in an interview with Fox Business that the current crypto market is indeed in a bear market, but "it is much milder than previous cycles" and "will last a shorter time." He mentioned that the banking sector's support for Bitcoin is stronger than it was four years ago, with continuous capital inflow and ongoing technological advancements, and posted on X platform that "spring is coming, Bitcoin is winning."

According to Cointelegraph, ETF issuers Bitwise and GraniteShares have submitted applications to the U.S. Securities and Exchange Commission to launch event contract funds linked to the results of the U.S. elections.Bitwise's prospectus submitted on Tuesday shows that it plans to launch six prediction market-style ETFs named "PredictionShares" on NYSE Arca. These funds will track the partisan affiliation results of the 2028 presidential election and the 2026 congressional elections—if the Democratic or Republican party wins, the corresponding fund will gain capital appreciation; if they do not win, the fund will "essentially lose all value."At least 80% of each fund's net assets will be invested in binary event contracts traded on CFTC-regulated exchanges. Such contracts settle at $1 when the outcome occurs, and $0 otherwise.On the same day, ETF issuer GraniteShares also submitted prospectuses for six similarly structured election result-linked funds.Roundhill submitted a similar fund application on February 14. Bloomberg ETF analyst James Seyffart commented, "The financialization and ETF-ization of everything continues. This is not the first such application, and it is highly unlikely to be the last."

Bitwise CEO Hunter Horsley stated, "A wealth management client of Bitwise had never allocated to crypto assets when they first engaged with Bitwise two years ago. Until today, with the market correction, this client has invested $11 million in Bitcoin. For the vast number of investors who have yet to enter the crypto market, the market correction presents an opportunity."

Bitwise Chief Investment Officer Matt Hougan stated in the ETF Edge program that the recent decline in Bitcoin is not caused by a single factor, with the four-year cycle being a major downward catalyst. Matt Hougan pointed out that investors have recently favored assets like gold and AI stocks over cryptocurrencies. Additionally, the market is also affected by quantum risks and concerns regarding Kevin Warsh.Despite Bitcoin's price briefly falling below $61,000, reaching a nearly 16-month low, Matt Hougan believes that the financialization process of Bitcoin has not changed its supply scarcity. Currently, Bitwise manages over $15 billion in assets, and its Bitwise Solana Staking ETF has dropped about 57% since its launch last October.

According to Rankiapro, cryptocurrency asset management company Bitwise announced the launch of five cryptocurrency exchange-traded products (ETPs) on the Italian Stock Exchange (Borsa Italiana), namely: Bitwise Core Bitcoin ETP, Bitwise Physical Bitcoin ETP, Bitwise Physical Ethereum ETP, Bitwise Diaman Bitcoin & Gold ETP, and Bitwise MSCI Digital Assets Select 20 ETP.

Vitalik commented on "ENS stops L2 Namechain development, v2 will be directly deployed on the Ethereum mainnet": "This is a wise decision. ENS domain names and records are the core state of the Ethereum ecosystem. I believe the best architecture for decentralized identity and social (which I think ENS is in this domain) is to store each user's account and profile data on L1, and use a dedicated L2 (which could be much simpler than a full EVM) to handle user operations (e.g., actions on social platforms)."