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Bullish (NYSE: BLSH)is an exchange for digital assets that provides deep liquidity, automated market making, and top-notch security.
Bullish Q2 Adjusted Revenue Up 62% Year-over-Year, Plans to Build Full-Process Securities Tokenization Platform
Odaily Planet Daily: Crypto asset trading platform Bullish has announced its financial results for Q2 2026. The company stated that as global securities markets gradually migrate to public blockchains, Bullish is planning to build a comprehensive issuer-supported tokenized securities service system covering issuance, listing, trading, and tracking.Bullish CEO Tom Farley stated that the global securities market, valued at nearly $300 trillion, is transitioning to public blockchains, and Bullish aims to work with issuers to drive this process. Upon completion of the proposed acquisition of Equiniti, the company will form an integrated platform covering tokenized securities issuance, listing, trading, and tracking.Financial data shows that Bullish's Q2 digital asset sales reached $32.6 billion, down from $58.6 billion in the same period last year; the net loss was $280 million, compared to a net profit of $108.3 million in the same period last year, corresponding to a diluted loss per share of $1.78.However, the company's core business performance improved. Q2 adjusted revenue (non-IFRS) reached $92.6 million, up 62% year-over-year from $57 million in the same period last year; among which subscription, services, and other revenue hit a record $62.7 million. Adjusted trading revenue was $29.9 million, up 24% year-over-year; adjusted EBITDA was $29.5 million, compared to $8.1 million in the same period last year; adjusted net profit was $14.3 million, compared to a loss of $6 million in the same period last year.In terms of business progress, Bullish stated that the acquisition of UK fintech company Equiniti is progressing and is expected to be completed in early 2027, subject to customary conditions including regulatory approvals. Additionally, Bullish's CoinDesk indices continue to gain institutional adoption. Morgan Stanley has launched Bitcoin, Ethereum, and Solana-related trading products based on CoinDesk benchmark indices, attracting over $400 million in inflows during Q2.On the regulatory front, Bullish has received approval from the Gibraltar Financial Services Commission (GFSC) to provide secondary trading services for tokenized securities, becoming one of the first regulated platforms to offer issuer-supported tokenized securities trading.The company has also raised and refined its full-year 2026 guidance, projecting subscription, services, and other revenue (non-IFRS) of $225 million to $245 million, adjusted operating expenses of $225 million to $230 million, and financing costs of $52 million to $60 million. (Globenewswire)
Stock price surged more than 5-fold within a week of listing, analysts' valuation forecasts for ChangXin Technology diverge by up to $1 trillion
Odaily News – ChangXin Technology has drawn significant market attention since its listing, with analysts showing stark divergence in their assessments of its future value. According to data, the most optimistic analyst believes ChangXin Technology's market capitalization could reach $1.1 trillion over the next 12 months, while the most pessimistic forecast sits at approximately $160 billion. The disagreement primarily centers on whether ChangXin Technology can capture market share in the DRAM sector and whether it can achieve breakthroughs in HBM technology.Bullish analysts argue that China's push for semiconductor self-sufficiency and the domestic DRAM supply-demand gap will help ChangXin Technology expand rapidly. Bearish analysts, on the other hand, worry that new industry capacity could drive DRAM prices down between 2027 and 2028, weighing on profitability across the entire memory sector.ChangXin Technology's stock surged 523% in its first week of trading. The market continues to monitor its progress in HBM technology, as well as whether China's domestically developed DUV lithography tools can help narrow the gap with Samsung, SK Hynix, and Micron. (Bloomberg)
Meta (META): Multiple KOLs Bullish, $1.7 Trillion Market Cap Possibly Undervalued
According to monitoring by the BlockFlow KOL Opinion Aggregation Platform, Meta Platforms (META) is currently priced at $669.21. Multiple KOLs are unanimously bullish, believing that given its massive user base across multiple platforms and AI infrastructure build-out, the $1.7 trillion valuation is cheap.
Strive Vice President: Major Global Capital Allocators Now Have Bitcoin-Related Tools That Match Their Views
Odaily News, Strive Vice President Joe Burnett posted on X platform, stating that BTC's break-even annualization is often difficult to understand, and it's important to grasp why. The market generally holds three types of views on Bitcoin: Bullish Bitcoin investors believe Bitcoin will appreciate significantly; if they can borrow long-term capital at a cost below 20% and anticipate Bitcoin's future compound annual growth rate will exceed that level, they are willing to finance the purchase of more Bitcoin. Neutral Bitcoin investors require a much lower hurdle rate of return for Bitcoin. According to Michael Saylor's post, if Bitcoin grows by only 3.3% annually, they could sustainably pay current dividends through Bitcoin capital gains. This is a different bet from expecting Bitcoin to grow at a compound rate of over 20%. For context, the historical annual growth rate of the US dollar M2 money supply is around 7%. BTC is a scarce monetary asset with a long-term supply growth rate of 0%. Therefore, buyers of digital credit don't need to be extremely bullish on Bitcoin; they primarily need to believe that Bitcoin won't die out and will roughly keep pace with dollar inflation. This audience is much broader. Joe Burnett stated this might already be the current global consensus view on Bitcoin. Bearish Bitcoin investors can also express their views by shorting Bitcoin or shorting Amplified Bitcoin. Currently, capital has three clear ways to express its view: Bullish on Bitcoin can hold Bitcoin and Amplified Bitcoin; Neutral on Bitcoin can hold Digital Credit; Bearish on Bitcoin can short Bitcoin or Amplified Bitcoin. Every major capital allocator now has a Bitcoin-related tool matching their worldview, and this is how over $1 quadrillion in global capital begins to flow into Bitcoin.
Serenity: Blue Origin Seeks $130 Billion Valuation in Fundraising, Potentially Bullish for Commercial Aerospace Sector
Serenity, known as the "White-Haired Stock Guru," posted on X platform stating that Blue Origin is seeking to raise $10 billion in funding, with a company valuation target of approximately $130 billion. If this fundraising is completed at this valuation, it will provide a new valuation anchor for the commercial aerospace industry, potentially benefiting other aerospace-related companies including RKLB and ASTS. If leading companies like SpaceX and Blue Origin can achieve such high market valuations, investors may reassess the long-term value of companies across the entire space economy industry chain.
Cantor Fitzgerald: Bullish on MSTR and BTC Correlation Recovery, STRC Key to Restarting Capital Engine
Wall Street investment bank Cantor Fitzgerald stated that the key to Strategy restarting its capital expansion cycle lies in restoring its preferred stock STRC back to the $100 par value level. The bank pointed out that repairing the STRC price is a core prerequisite for restarting the company's Bitcoin accumulation "capital engine" and will help stabilize the overall capital structure.After a meeting with Executive Chairman Michael Saylor, Cantor Fitzgerald expressed increased confidence in management's plans to stabilize the balance sheet and restore financing capabilities. In the current market, STRC is trading at approximately $87.79, Strategy's stock price fell 3.4% to $97.34, while Bitcoin is trading around $61,800.Cantor believes that STRC is the foundational tool of Strategy's financing system, and its repair will drive benefits for both preferred and common shares, further enhancing the company's ability to continue accumulating Bitcoin. Currently, Strategy has raised approximately $216 million through Bitcoin sales to fund preferred stock dividends and is expected to continue increasing its cash reserves to support dividend stability. (CoinDesk)
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Ansem: Institutional Funds Turn Bullish, Crypto Market May Have Conditions for a Bottom Formation
According to Odaily, renowned crypto KOL Ansem stated that institutional funds are turning bullish on the market. For example, billionaire Stanley Druckenmiller has bought HYPE, Robinhood has launched its own L2, and hedge fund giant Paul Tudor Jones has increased his Bitcoin holdings. Meanwhile, the crypto regulatory environment has improved significantly, but crypto-native investors remain broadly extremely pessimistic. Ansem believes that the coexistence of institutional bullishness, regulatory improvement, and extreme pessimism within the market constitutes the typical conditions for a market bottom formation.
White House Crypto Advisor Patrick Witt: Remains "Optimistic and Bullish" on Clarity Act Passage
According to Odaily, Patrick Witt, the White House's chief crypto advisor, stated that despite ongoing controversies surrounding stablecoin yields and conflicts of interest involving Trump's crypto holdings, he remains optimistic that the Clarity Act will ultimately become law.Speaking at the SALT annual conference in Wyoming on Tuesday, Witt noted that lawmakers are currently in the August recess and are expected to return to Washington in mid-September. Senate Majority Leader John Thune has scheduled a procedural vote on the bill for September 15.Witt said the White House will sit down with Democrats to discuss points of disagreement and work to secure solid votes by September 15. He expressed that he is "genuinely optimistic and bullish" on the bill.The Clarity Act, spanning over 600 pages, aims to establish a comprehensive federal regulatory framework for the U.S. crypto industry, but has faced multiple setbacks over the past few months. Key disputes currently include how to treat stablecoin yields, as well as Democratic concerns over conflicts of interest involving Trump and his family's crypto business ventures.Overall, the September 15 vote will be a critical juncture for whether the Clarity Act can continue to advance. While the White House is attempting to send positive signals, the bill still requires bipartisan support, particularly in reaching compromises on issues such as stablecoins, ethics provisions, and regulatory division of labor.
BofA Survey: Investor Bullish Sentiment on US Stocks Rises to Nearly Five-Year High, Few "Bears" Left in Market
According to Bloomberg, the latest Bank of America (BofA) fund manager survey shows that investors are continuing to increase their exposure to US equity assets, with bullish sentiment rising to a near five-year high and the number of bearish investors in the market significantly decreasing. Data disclosed by the team led by Bank of America strategist Michael Hartnett indicates that a net 56% of fund managers are overweight on stocks, the highest level since November 2021, while the investor cash allocation ratio has dropped to a "very low" 3.5%.
Bullish Releases 2026 Q2 Financial Report, Tokenized Stocks Listed for Trading for the First Time
According to Bullish's official announcement, Bullish (NYSE: BLSH) released its financial report for the second quarter of 2026. Q2 digital asset sales reached $32.6 billion, with a net loss of $280 million; adjusted revenue was $92.6 million, and adjusted EBITDA was $29.5 million; subscription and services revenue reached a record $62.7 million, up 62% year-over-year. In addition, the Equiniti acquisition is expected to be completed in early 2027; the company has received approval from the GFSC, becoming one of the first fully regulated venues to offer issuer-supported secondary trading of tokenized securities. On the same day, Bullish tokenized stocks were traded on the Bullish exchange for the first time, and settled in USD stablecoins.
Bullish Q2 Adjusted Revenue Up 62% Year-over-Year, Plans to Build Full-Process Securities Tokenization Platform
Odaily Planet Daily: Crypto asset trading platform Bullish has announced its financial results for Q2 2026. The company stated that as global securities markets gradually migrate to public blockchains, Bullish is planning to build a comprehensive issuer-supported tokenized securities service system covering issuance, listing, trading, and tracking.Bullish CEO Tom Farley stated that the global securities market, valued at nearly $300 trillion, is transitioning to public blockchains, and Bullish aims to work with issuers to drive this process. Upon completion of the proposed acquisition of Equiniti, the company will form an integrated platform covering tokenized securities issuance, listing, trading, and tracking.Financial data shows that Bullish's Q2 digital asset sales reached $32.6 billion, down from $58.6 billion in the same period last year; the net loss was $280 million, compared to a net profit of $108.3 million in the same period last year, corresponding to a diluted loss per share of $1.78.However, the company's core business performance improved. Q2 adjusted revenue (non-IFRS) reached $92.6 million, up 62% year-over-year from $57 million in the same period last year; among which subscription, services, and other revenue hit a record $62.7 million. Adjusted trading revenue was $29.9 million, up 24% year-over-year; adjusted EBITDA was $29.5 million, compared to $8.1 million in the same period last year; adjusted net profit was $14.3 million, compared to a loss of $6 million in the same period last year.In terms of business progress, Bullish stated that the acquisition of UK fintech company Equiniti is progressing and is expected to be completed in early 2027, subject to customary conditions including regulatory approvals. Additionally, Bullish's CoinDesk indices continue to gain institutional adoption. Morgan Stanley has launched Bitcoin, Ethereum, and Solana-related trading products based on CoinDesk benchmark indices, attracting over $400 million in inflows during Q2.On the regulatory front, Bullish has received approval from the Gibraltar Financial Services Commission (GFSC) to provide secondary trading services for tokenized securities, becoming one of the first regulated platforms to offer issuer-supported tokenized securities trading.The company has also raised and refined its full-year 2026 guidance, projecting subscription, services, and other revenue (non-IFRS) of $225 million to $245 million, adjusted operating expenses of $225 million to $230 million, and financing costs of $52 million to $60 million. (Globenewswire)
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Bullish Q2 Adjusted Revenue Up 62% Year-over-Year, Plans to Build Full-Process Securities Tokenization Platform
Odaily Planet Daily: Crypto asset trading platform Bullish has announced its financial results for Q2 2026. The company stated that as global securities markets gradually migrate to public blockchains, Bullish is planning to build a comprehensive issuer-supported tokenized securities service system covering issuance, listing, trading, and tracking.Bullish CEO Tom Farley stated that the global securities market, valued at nearly $300 trillion, is transitioning to public blockchains, and Bullish aims to work with issuers to drive this process. Upon completion of the proposed acquisition of Equiniti, the company will form an integrated platform covering tokenized securities issuance, listing, trading, and tracking.Financial data shows that Bullish's Q2 digital asset sales reached $32.6 billion, down from $58.6 billion in the same period last year; the net loss was $280 million, compared to a net profit of $108.3 million in the same period last year, corresponding to a diluted loss per share of $1.78.However, the company's core business performance improved. Q2 adjusted revenue (non-IFRS) reached $92.6 million, up 62% year-over-year from $57 million in the same period last year; among which subscription, services, and other revenue hit a record $62.7 million. Adjusted trading revenue was $29.9 million, up 24% year-over-year; adjusted EBITDA was $29.5 million, compared to $8.1 million in the same period last year; adjusted net profit was $14.3 million, compared to a loss of $6 million in the same period last year.In terms of business progress, Bullish stated that the acquisition of UK fintech company Equiniti is progressing and is expected to be completed in early 2027, subject to customary conditions including regulatory approvals. Additionally, Bullish's CoinDesk indices continue to gain institutional adoption. Morgan Stanley has launched Bitcoin, Ethereum, and Solana-related trading products based on CoinDesk benchmark indices, attracting over $400 million in inflows during Q2.On the regulatory front, Bullish has received approval from the Gibraltar Financial Services Commission (GFSC) to provide secondary trading services for tokenized securities, becoming one of the first regulated platforms to offer issuer-supported tokenized securities trading.The company has also raised and refined its full-year 2026 guidance, projecting subscription, services, and other revenue (non-IFRS) of $225 million to $245 million, adjusted operating expenses of $225 million to $230 million, and financing costs of $52 million to $60 million. (Globenewswire)
Serenity: Still Bullish on Memory Stocks, Photonics Sector Focus Shifts Back to AXTI and LITE
Odaily Planet Daily Report: "White-Haired Stock God" Serenity stated on the X platform that he remains bullish on memory stocks such as MU and Samsung. In addition, this week, the focus in the photonics sector has shifted back to AXT and Lumentum. The photonics industry has previously shown signs of supply tightness, with Coherent ($COHR) and Lumentum ($LITE) laser production capacity for the next two years already sold out. AAOI's recent earnings report also showed continued strong demand for optical modules.Meanwhile, a large number of retail investors have been panic-selling in the storage sector. There are indeed some changes in the market at present, such as Nvidia's Rubin Ultra optimizing for memory, and memory prices no longer rising as significantly as previously expected. However, at current prices, the operating profit of storage companies relative to their market capitalization remains extremely compelling, especially given the structural growth in storage demand. Moreover, the supply-demand imbalance next year could become even more severe.Serenity noted that the market tends to panic when an industry declines and follows new narratives. For example, helium during the Iran war, the LNG market, and SpaceX's earnings call, which once again emphasized storage supply tightness. Many times, industry bottlenecks and fundamentals haven't changed significantly, but market sentiment has already undergone a massive shift.
Analyst: FOMO Sentiment Is Driving Bullish Option Buying in the S&P 500
Odaily News - Traders are showing strong demand for options betting on further gains in the S&P 500. On Tuesday, call option volume on the benchmark index surpassed 4 million contracts, setting a new all-time high, while put option volume remained in line with the average.Jason Coogan, a trader at Simplex Trading, noted that over the two days through Tuesday, the market experienced a "one-way order flow" situation. Analyst Tanvir Sandhu said: "The options market is reflecting investors' FOMO (fear of missing out on the rally) sentiment. Investors currently appear more concerned about missing the next leg up than about guarding against a market pullback, as evidenced by significant shifts in options skew. Even as the stock market continues to climb, strong demand for call options is still underpinning implied volatility."
$CASHCAT: KOL Consensus Bullish, Focus on Robinhood Ecosystem and Whale Accumulation
According to monitoring by the BlockFlow KOL opinion aggregation platform, the crypto token $CASHCAT has garnered consistent bullish sentiment over the past 24 hours, with core arguments focusing on three aspects: Hyperliquid short positions awaiting liquidation, Robinhood ecosystem support, and whale accumulation.
Stock price surged more than 5-fold within a week of listing, analysts' valuation forecasts for ChangXin Technology diverge by up to $1 trillion
Odaily News – ChangXin Technology has drawn significant market attention since its listing, with analysts showing stark divergence in their assessments of its future value. According to data, the most optimistic analyst believes ChangXin Technology's market capitalization could reach $1.1 trillion over the next 12 months, while the most pessimistic forecast sits at approximately $160 billion. The disagreement primarily centers on whether ChangXin Technology can capture market share in the DRAM sector and whether it can achieve breakthroughs in HBM technology.Bullish analysts argue that China's push for semiconductor self-sufficiency and the domestic DRAM supply-demand gap will help ChangXin Technology expand rapidly. Bearish analysts, on the other hand, worry that new industry capacity could drive DRAM prices down between 2027 and 2028, weighing on profitability across the entire memory sector.ChangXin Technology's stock surged 523% in its first week of trading. The market continues to monitor its progress in HBM technology, as well as whether China's domestically developed DUV lithography tools can help narrow the gap with Samsung, SK Hynix, and Micron. (Bloomberg)
Multicoin Capital Partner Claims Crypto Market Has Bottomed, Remains Bullish on SOL, Hyperliquid, and ZEC
: Tushar Jain, Managing Partner of Multicoin Capital, stated that the crypto market has bottomed out and entered a turning point. Market sentiment has truly hit rock bottom, recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and there is a decoupling between price and fundamentals. He maintains a long-term bullish outlook on Solana, believing SOL represents the correct architecture for spot trading and tokenized securities. Simultaneously, he is bullish on Hyperliquid's leading position in the derivatives space and currently holds significant positions in both.Regarding ZEC, he stated that Multicoin has accumulated a considerable proportion of its supply and believes it represents the industry's return to "cypherpunk" values, with the potential to enter the top five by market cap. In terms of position management, he adopts a "three-way split" strategy: immediately buying the first third, dollar-cost averaging the second third, and reserving the final third as flexible capital to cope with significant market downturns. During the Zcash code vulnerability incident, after the team observed and confirmed no hacker exploitation, they significantly increased their positions.
Consensus Miami: Institutional Investors Remain Cautious Toward Perpetual DEXs; Security Risks and KYC Compliance Are Core Barriers
According to CoinDesk, at the “Perp DEX Explosion: Bullish Volumes and Bear Market Resilience” panel at Consensus Miami, several industry insiders stated that institutional investors are still largely avoiding decentralized exchanges offering perpetual futures (Perp DEXs). Veteran trader Wizard of SoHo pointed out that Drift’s recent multi-million-dollar hack highlights security vulnerabilities in the DeFi ecosystem, making secure onboarding of institutional capital a core competitive focus for major Perp DEXs. Anderson of Canary Labs expressed concern about DeFi’s current security posture, noting that large institutions face significantly greater challenges adopting decentralized exchanges compared to centralized platforms. Additionally, the structural tension between DeFi’s permissionless, open design and institutions’ stringent KYC compliance requirements is seen as a key barrier to scaling adoption. Michaël van de Poppe, founder of MN Fund, shared his views on AI-powered trading tools, stating that AI agents represent an evolutionary extension of algorithmic trading—and that trading will increasingly become fully automated.
Santiment: BTC Social Sentiment Bullish Ratio Hits Four-Month High
According to on-chain data platform Santiment (@SantimentData), as Bitcoin’s price reclaimed the $80,000 level, the ratio of bullish-to-bearish comments on social media rose to 1.37:1.00—the highest in nearly four months—signaling a notable surge in market optimism. However, Santiment cautions that historically, sharp increases in bullish sentiment often serve as warning signs rather than buy signals. When retail FOMO dominates social media discussions, traders tend to enter positions late in the trend, raising the likelihood of local tops, profit-taking, and sudden price volatility. Santiment notes that peak market euphoria frequently coincides with the onset of waning momentum. By comparison, following the Kelp DAO vulnerability incident in mid-April, social sentiment plunged into deeply bearish territory; the exit of “weak-handed investors” instead laid a healthier foundation for the current rally. With sentiment now having reversed dramatically, Santiment advises traders to remain vigilant against potential risks stemming from excessive leverage and overly concentrated positions.
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Arthur Hayes: AI Bubble Concentrated in Data Center Debt and Unprofitable AI Companies, Still Bullish on Agentic Economy
Odaily News: Arthur Hayes posted on X that someone asked him why he is launching an AI/crypto project while believing AI is a bubble about to burst. He stated that the bubble exists in the debt used to build data centers, as well as in the stocks of unprofitable hyperscale cloud providers and frontier labs. "Price is what you pay; value is what you get." He is 100% confident in the Agentic Economy, and the excess compute capacity brought by debt-funded construction supports his assessment of Flop Labs.Previously, Arthur Hayes announced he would end his retirement and lead Flop Labs. Flop Labs is "food" for AI agents. The project has no pre-sale, no VC participation, and adopts a 100% fair launch model.
White House Crypto Advisor Patrick Witt: Remains "Optimistic and Bullish" on Clarity Act Passage
According to Odaily, Patrick Witt, the White House's chief crypto advisor, stated that despite ongoing controversies surrounding stablecoin yields and conflicts of interest involving Trump's crypto holdings, he remains optimistic that the Clarity Act will ultimately become law.Speaking at the SALT annual conference in Wyoming on Tuesday, Witt noted that lawmakers are currently in the August recess and are expected to return to Washington in mid-September. Senate Majority Leader John Thune has scheduled a procedural vote on the bill for September 15.Witt said the White House will sit down with Democrats to discuss points of disagreement and work to secure solid votes by September 15. He expressed that he is "genuinely optimistic and bullish" on the bill.The Clarity Act, spanning over 600 pages, aims to establish a comprehensive federal regulatory framework for the U.S. crypto industry, but has faced multiple setbacks over the past few months. Key disputes currently include how to treat stablecoin yields, as well as Democratic concerns over conflicts of interest involving Trump and his family's crypto business ventures.Overall, the September 15 vote will be a critical juncture for whether the Clarity Act can continue to advance. While the White House is attempting to send positive signals, the bill still requires bipartisan support, particularly in reaching compromises on issues such as stablecoins, ethics provisions, and regulatory division of labor.
Bullish Releases 2026 Q2 Financial Report, Tokenized Stocks Listed for Trading for the First Time
According to Bullish's official announcement, Bullish (NYSE: BLSH) released its financial report for the second quarter of 2026. Q2 digital asset sales reached $32.6 billion, with a net loss of $280 million; adjusted revenue was $92.6 million, and adjusted EBITDA was $29.5 million; subscription and services revenue reached a record $62.7 million, up 62% year-over-year. In addition, the Equiniti acquisition is expected to be completed in early 2027; the company has received approval from the GFSC, becoming one of the first fully regulated venues to offer issuer-supported secondary trading of tokenized securities. On the same day, Bullish tokenized stocks were traded on the Bullish exchange for the first time, and settled in USD stablecoins.
Bullish Q2 Adjusted Revenue Up 62% Year-over-Year, Plans to Build Full-Process Securities Tokenization Platform
Odaily Planet Daily: Crypto asset trading platform Bullish has announced its financial results for Q2 2026. The company stated that as global securities markets gradually migrate to public blockchains, Bullish is planning to build a comprehensive issuer-supported tokenized securities service system covering issuance, listing, trading, and tracking.Bullish CEO Tom Farley stated that the global securities market, valued at nearly $300 trillion, is transitioning to public blockchains, and Bullish aims to work with issuers to drive this process. Upon completion of the proposed acquisition of Equiniti, the company will form an integrated platform covering tokenized securities issuance, listing, trading, and tracking.Financial data shows that Bullish's Q2 digital asset sales reached $32.6 billion, down from $58.6 billion in the same period last year; the net loss was $280 million, compared to a net profit of $108.3 million in the same period last year, corresponding to a diluted loss per share of $1.78.However, the company's core business performance improved. Q2 adjusted revenue (non-IFRS) reached $92.6 million, up 62% year-over-year from $57 million in the same period last year; among which subscription, services, and other revenue hit a record $62.7 million. Adjusted trading revenue was $29.9 million, up 24% year-over-year; adjusted EBITDA was $29.5 million, compared to $8.1 million in the same period last year; adjusted net profit was $14.3 million, compared to a loss of $6 million in the same period last year.In terms of business progress, Bullish stated that the acquisition of UK fintech company Equiniti is progressing and is expected to be completed in early 2027, subject to customary conditions including regulatory approvals. Additionally, Bullish's CoinDesk indices continue to gain institutional adoption. Morgan Stanley has launched Bitcoin, Ethereum, and Solana-related trading products based on CoinDesk benchmark indices, attracting over $400 million in inflows during Q2.On the regulatory front, Bullish has received approval from the Gibraltar Financial Services Commission (GFSC) to provide secondary trading services for tokenized securities, becoming one of the first regulated platforms to offer issuer-supported tokenized securities trading.The company has also raised and refined its full-year 2026 guidance, projecting subscription, services, and other revenue (non-IFRS) of $225 million to $245 million, adjusted operating expenses of $225 million to $230 million, and financing costs of $52 million to $60 million. (Globenewswire)
Bullish executive urges passage of the CLARITY Act: The FTX incident proves the crypto market needs a legal regulatory framework
According to Odaily, Randi Abernethy, Head of Clearing and Group Risk at Bullish, stated that the U.S. Senate's failure to pass the Digital Asset Market Clarity Act (CLARITY Act) does not mean the digital asset market will stop developing; rather, it highlights the necessity of establishing a federal regulatory framework.Abernethy noted that during the Senate's consideration of the CLARITY Act, traditional U.S. financial institutions have continued to accelerate their entry into the on-chain market. JPMorgan Chase has explored tokenized ETF holdings through a production pilot with the Depository Trust & Clearing Corporation (DTCC), and more than 50 institutions (including BlackRock and Goldman Sachs) are also participating in the development of tokenized stock and Treasury bond infrastructure. The current regulatory discussion is no longer just a "crypto industry issue," but one that concerns the future infrastructure of the entire financial system.Abernethy cited the 2008 financial crisis as an example, noting that financial risk spreads along shared infrastructure, and even institutions not directly involved in related assets can be affected. Today, the stablecoin market size has exceeded $100 billion, with a large portion of stablecoin reserves invested in U.S. Treasuries. If a major stablecoin were to face a crisis, it could impact liquidity in traditional financial markets. She stated that supporters of the CLARITY Act believe the bill could establish a unified regulatory framework for the digital asset market, including core investor protection mechanisms such as customer asset segregation, conflict of interest management, capital requirements, and information disclosure. (CoinDesk)
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Crypto KOL Ansem Bullish on Blue-Chip Crypto Portfolio, Expects 3x to 5x Returns Over Next Two Years
Crypto KOL Ansem (@blknoiz06) recommended that investors allocate an equal-weight portfolio across $BTC, $ETH, $SOL, $HYPE, and $PUMP, forecasting the overall position could gain 3-5x over the next two years. Ansem specifically highlighted that $HYPE and $PUMP carry the highest risk-reward ratios. Additionally, Ansem added in the comments that $ZEC is also worth monitoring.
10x Research: Continues to Be Bullish on Bitcoin, Circle Up Over 31% Since Buy Point
: 10x Research's latest report indicates that after months of narrow-range consolidation, Bitcoin has finally seen a breakout. It stated that its most preferred strategy this month is buying call options with a strike price of $70,000. The option was priced as low as around $300 on August 5th, dipped to $30 three days ago, then soared to a high of $1600, and is currently trading at approximately $1300.10x Research also stated that a better trading strategy is the $70,000/$80,000 strike price call spread expiring in September. This structure is more bullish while still retaining some flexibility.In addition, Circle is also one of 10x Research's most favored trades this month. Earlier, it suggested buying on dips when Circle fell to around $60-$61, and its stock price has now risen to $80, an increase of over 31%. In terms of gold, the previously predicted breakout has also materialized, with prices rising from $4100 to $4571, an increase of about 11%. It believes that the US debt level is about to break through the $40 trillion mark, which is one of the core drivers of the current macro outlook. Related market attention may continue to drive gold prices and could further support Bitcoin's rise.
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Strive CEO: Bitcoin May Be Entering a Historic Bullish Environment, with the Dollar Index in Structural Decline
Odaily News: Matt Cole, CEO of Strive, stated on platform X that over the past decade-plus, he has maintained the view that the U.S. Dollar Index (DXY) is in a structural downtrend, and it may currently be approaching a more significant downward phase that could have major implications for Bitcoin. If this assessment holds, the next 5 to 7 years could become one of the most favorable macroeconomic environments in Bitcoin's history. He pointed out that the long-term downward trend of the dollar index, which has been forming since the late 1960s, is reflected not only in the technical pattern of "lower highs and lower lows" but is also supported by U.S. fiscal fundamentals.Matt Cole noted that every major bull market in Bitcoin has been accompanied by dollar weakness. During the 2017 rally, DXY fell from around 103 to 88; in the 2020-2021 cycle, the dollar index dropped from about 103 to near 89; and during Bitcoin's all-time high in 2025, the dollar also weakened from around 108. The previous rounds of dollar declines have been relatively limited in scale, but the current situation may be approaching a multi-year dollar downtrend similar to the mid-1980s and the period from the early 2000s to the global financial crisis. His baseline assessment is that the dollar index could continue to decline over the next 3 to 7 years, potentially even testing the low of around 70 seen in 2008.Matt Cole believes that if the dollar experiences a true long-term structural breakdown, Bitcoin will encounter a macroeconomic environment it has never faced before. He stated that most current Bitcoin predictions in the market are still based on past performance, but Bitcoin has yet to experience sustained momentum from a "long-term dollar recession cycle." He also mentioned that the U.S. Treasury recently announced it will at least double the scale of its long-term Treasury bond buybacks, while long-term Treasury yields are under pressure and the dollar is weakening in tandem—factors that further reinforce his long-term assessment.Matt Cole concluded: "Over the next 5 to 7 years, people may still not be bullish enough on Bitcoin." He believes that if the 45-year-long dollar trend ultimately breaks to the downside, Bitcoin could enjoy macroeconomic tailwinds far exceeding those of any historical cycle.
Ansem: Institutional Funds Turn Bullish, Crypto Market May Have Conditions for a Bottom Formation
According to Odaily, renowned crypto KOL Ansem stated that institutional funds are turning bullish on the market. For example, billionaire Stanley Druckenmiller has bought HYPE, Robinhood has launched its own L2, and hedge fund giant Paul Tudor Jones has increased his Bitcoin holdings. Meanwhile, the crypto regulatory environment has improved significantly, but crypto-native investors remain broadly extremely pessimistic. Ansem believes that the coexistence of institutional bullishness, regulatory improvement, and extreme pessimism within the market constitutes the typical conditions for a market bottom formation.
Arthur Hayes: AI Bubble Concentrated in Data Center Debt and Unprofitable AI Companies, Still Bullish on Agentic Economy
Odaily News: Arthur Hayes posted on X that someone asked him why he is launching an AI/crypto project while believing AI is a bubble about to burst. He stated that the bubble exists in the debt used to build data centers, as well as in the stocks of unprofitable hyperscale cloud providers and frontier labs. "Price is what you pay; value is what you get." He is 100% confident in the Agentic Economy, and the excess compute capacity brought by debt-funded construction supports his assessment of Flop Labs.Previously, Arthur Hayes announced he would end his retirement and lead Flop Labs. Flop Labs is "food" for AI agents. The project has no pre-sale, no VC participation, and adopts a 100% fair launch model.