Prominent Trader Heavily Positions in Circle, Coinbase and ETH, Bets on Reshaping of Regulated On-Chain Finance
Prominent crypto trader Doctor Profit wrote in a post that while global capital is broadly betting on AI, a larger long-term shift could be the reshaping of the global financial system. He dubbed Circle, Coinbase, and ETH the "Galactic Trio", noting the three respectively represent regulated digital dollars, the custody and trading gateway for traditional capital to access on-chain markets, and the settlement network for asset tokenization, adding that he has built large long-term positions in all three. He remains bullish on BTC long-term, but has adjusted his crypto asset allocation for the current cycle to 60% ETH and 40% BTC. Doctor Profit pointed out that Coinbase is the primary custodian for BlackRock’s Bitcoin spot ETF, holds equity in Circle, and its Base network settles on Ethereum; Circle’s USDC reserve fund is managed by BlackRock. Ethereum also hosts BlackRock’s tokenized Treasury fund BUIDL and holds a dominant share of the real-world asset (RWA) tokenization market. Doctor Profit believes the potential benefits of the CLARITY Act for ETH, Circle, and Coinbase could outweigh those for BTC, as the legislation would further clarify regulatory rules for tokens, trading platforms, stablecoin yield products, and DeFi. He predicts that future on-chain finance will lean more toward compliance, regulation, and institutional leadership. He added that he purchased Circle shares at around $62 and expects its stock price to reach at least $500 by 2030.
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U.S. pre-market trading saw a collective rise in semiconductor, optical communication and storage stocks, with ALAB and AAOI both surging over 8%.
According to BIT (bit.com) market data, in pre-market trading for U.S. stocks on Friday, the semiconductor, optical communications, and storage sectors extended their gains from the previous day, rallying across the board. Semiconductor stocks saw broad advances: Marvell Technology (MRVL) rose 7.75%, Arm (ARM) gained 7.58%, SK Hynix (SKHY) climbed 7.07%, Intel (INTC) advanced 5.85%, Lam Research (LRCX) increased 5.10%, AMD (AMD) was up 4.74%, and KLA (KLAC) rose 4.68%. Optical communication-related stocks led the gains: Astera Labs (ALAB) jumped 8.95%, Applied Optoelectronics (AAOI) gained 8.42%, Marvell Technology (MRVL) rose 7.75%, Coherent (COHR) climbed 7.24%, Credo (CRDO) advanced 7.02%, and Lumentum (LITE) was up 6.72%. The storage sector also moved higher in tandem: SK Hynix (SKHY) gained 7.07%, Western Digital (WDC) climbed 6.44%, SanDisk (SNDK) advanced 6.25%, Seagate Technology (STX) rose 5.44%, and Micron Technology (MU) was up 4.56%.
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A Samsung Electronics executive invested 700 million South Korean won to increase their holdings in the company’s stock.
According to Yonhap News Agency, amid recent sharp fluctuations in Samsung Electronics' stock price, Noh Tae-moon, President and Co-CEO of Samsung Electronics' DX Division, spent approximately 700 million won to increase his holdings in the company. South Korea's Financial Supervisory Service's Electronic Disclosure System (DART) disclosed on July 31 that Noh purchased 3,045 Samsung Electronics shares at 230,000 won per share the previous day, totaling around 700.35 million won. Following this share purchase, his total stake in the company reached 124,280 shares.
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TD Cowen reiterates its buy rating on Strategy, with a target price of $260.
TD Cowen reaffirmed its "Buy" rating on Strategy and a $260 price target, stating that the company’s management has now explicitly prioritized pushing the price of STRC preferred shares back to their par value. Earlier, Strategy posted an $8.2 billion loss in the second quarter; while building up its cash reserves, the firm has not purchased Bitcoin for the fifth consecutive week.
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