Prezzo Bedrock
BRRank 1138
Bedrock (BR) Grafico dei prezzi in tempo reale
Bedrock (BR) prezzo oggi è $0.0807, con un volume di scambi in 24 ore di $805.8K e come tale Bedrock (BR) ha una capitalizzazione di mercato di $18.56M, dandogli una dominance di mercato di 0.0018%. Il prezzo di Bedrock (BR) ha registrato un -2.92% nelle ultime 24 ore.
BR Dati sui prezzi
- 24h Turnover$805.8K
- Massimo storico(ATH)$0.2226
- Massimo 24h$0.08281
- Il minimo storico(ATL)$0.01
- Minimo 24h$0.07869
BR Informazioni sulla capitalizzazione di mercato
- Cap. di mercato$18.56M
- Valutazione completamente diluita$80.7M
- Cap. di mercato/FDV23%
- Sentimento del mercatoNegativo
BR Offerta
- Fornitura in circolazione230M BR
- Fornitura totale1B BR
- Fornitura massima1B BR
*I dati sono solo di riferimento
Si prevede che Bedrock (BR) avrà una media di $0.07959 in 2025, con una potenziale oscillazione tra il prezzo più basso $0.0581 e il prezzo più alto $0.09709. Entro 2030, il prezzo di Bedrock(BR) potrebbe raggiungere il $0.2369, offrendo un potenziale rendimento +111.00% rispetto al prezzo Bedrock odierno.
Anno | Prezzo minimo | Prezzo più alto | Average price | Modifica |
|---|---|---|---|---|
2025 | $0.0581 | $0.09709 | $0.07959 | -1.00% |
2026 | $0.05124 | $0.1272 | $0.08834 | +9.00% |
2027 | $0.0873 | $0.1552 | $0.1077 | +33.00% |
2028 | $0.08941 | $0.1538 | $0.1314 | +62.00% |
2029 | $0.1284 | $0.1983 | $0.1426 | +76.00% |
2030 | $0.08865 | $0.2369 | $0.1704 | +111.00% |
Bedrock(BR) il prezzo è aumentato di -2.92% nelle ultime 24 ore e di +15.40% negli ultimi 7 giorni. Il prezzo di Bedrock(BR) è +59.65% negli ultimi 30 giorni, e -45.32% nell'ultimo anno.
Periodo di tempo | Importo residuo | Variazione % |
|---|---|---|
1H | +$0.000161 | +0.2% |
24H | -$0.002427 | -2.92% |
7D | +$0.01076 | +15.40% |
30D | +$0.03015 | +59.65% |
1Y | -$0.06688 | -45.32% |
Bedrock (BR) Indicatori di credibilità
66.48
Punteggio di affidabilità
PercentileTOP 35%
A proposito di Bedrock (BR)
Contratto
0xff7d6a9...16cf56b41
Explorer
bscscan.com
Sito Web
bedrockdao.com
Notizie
Bedrock is the first multi-asset liquid restaking protocol, pioneering Bitcoin staking with uniBTC. As the leading BTC liquid staking token, uniBTC lets holders earn rewards while maintaining liquidity, unlocking new yield opportunities in Bitcoin’s $1T market. With a cutting-edge approach to BTCFi 2.0, Bedrock is redefining Bitcoin’s role in DeFi—and extending liquid restaking across 12+ blockchains for BTC, ETH, and DePIN assets.
Membri del team Bedrock (BR)
Chen ZhulingCEO
CalvinCore Contributor
KasperStoneHead of Growth
Adam WongHead of Marketing
Bedrock (BR) Investors
Amber Group
Waterdrip Capital
LongHash Ventures
Arche Fund
Comma3 Ventures
LBank
Whale Ground
OKX Ventures- Crypto News LandAptos (APT) is consolidating between $4.23 support and $4.38 resistance, gaining 2.3% recently. Technical patterns show stability amid positive ecosystem developments, including sponsorship of the Japan Stablecoin Summit 2025 and significant Aave deposits.
- 鏈新聞abmediaKOL 土澳大師兄指出有些野莊集團，吃準了 Binance Alpha 的紅利，瞄準刷 Alpha 交易量的用戶進行收割。他們挑選低市值的 Alpha 代幣，吸籌甚至從專案方手中搶籌碼，組織流動性池。據了解組 Alpha 代幣的流動性池日化收益甚至高達 3%，這些野莊平時賺手續費收益，只要有一點風吹草動 (刷分數據下降丶LP 池的競爭對手變多) 就砸盤換下一支，將罵聲留給專案方。 組 Binance Alpha 流動性池日化收益高達 3%？ 他表示這些野莊集團會尋找小市值新上 Alpha 的代幣，透過低成本取得控籌權 (類似$QUQ) 甚至從高控籌的 Alpha 代幣手裡搶籌
- 星球日报原文作者：ChandlerZ，Foresight News 7 月 9 日，币安 Alpha 项目又见一场熟悉的闪崩。在不到 10 分钟的时间里，近期币安 Alpha 项目中的明星代币 BR 从高点 0.129 USDT 急跌至 0.053 USDT，价格瞬间腰斩。 暴跌过程可以用 「干净利落」来形容。据 @ai\_ 9684 xtpa 监测，OKX 流动性板块显示，在闪崩发生前，BR 的交易池流动性仍稳定维持在较高水平，一度超过 6000 万美元。但事件爆发点集中在短短 100 秒内，共有 26 个地址几乎同步撤出了 4759 万美元的流动性。紧随其后， 16 个地址发起高额代币抛售，其
- Tap Chi BitcoinFuzzland revealed a former employee's role in a $2 million attack on Bedrock's UniBTC protocol in September 2024, involving social engineering and malware. Despite the breach, no customer data was compromised, and Bedrock's TVL increased significantly afterward.
- 動區BlockTempo2025 年 4 月 23 日，一位名叫 Brain 的網友借朋友之手在推特上求助，稱自己在某比特幣 Layer2 鏈上進行套利操作時，超 10 萬美元的 unibtc 資產被 Bedrock 官方困住且無法退出。本文源自 DeepSafe Research 所著文章，由 PANews 重新整理。 （前情提要：比特幣基金會元老：正努力使免費 BTC 水龍頭重啟，21million.com 已上線 ） （背景補充：劍橋報告：比特幣挖礦「清潔能源」使用率已達 52.4%，特斯拉會重啟 BTC 支付？ ） 根據當事人W的披露，4月17日，他發現由Bedrock發行的unibtc在某比特幣L2鏈上出現
- Gate Research摘要 - BTC 价格高度波动，表现出强烈的情绪驱动与投机属性，其长期与传统资产（如黄金、纳指）相关性较低，但在美联储政策剧烈变动期间，特别是紧缩阶段，与纳指之间的短期相关性显著上升； - 黄金展现出稳定的避险属性，在 BTC 和纳指剧烈波动时常出现价格逆势上涨，具有良好的对冲潜力； - 纳斯达克指数对 BTC 具备显著的 Granger 因果关系，其走势可作为 BTC 的领先指标，具备重要交易参考价值。 <br> <center><strong style="font-size:
Bedrock：uniBTC和brBTC已在Aptos上线以扩展BTCFiOdaily星球日报讯 Bedrock 在 X 平台发文表示，uniBTC 和 brBTC 已在 Aptos 上线以扩展 BTCFi，用户现在可以将 uniBTC 和 brBTC 从以太坊或 BNB Chain 桥接到 Aptos。Gate News botBR-2.41%APT+1.65%- Gate Alpha昨日交易量排名前三的币种：KOGE、BLUP、BRGate Alpha 日交易量排名前三的币种为 KOGE、BLUP、BR。今日新增的精选板块包括UPRIGH、BELIEVE、AGI、littleguy 和 RUNNER，用户可直接在APP中交易。平台支持多条热门公链，并提供跨链代币交易功能。DailyNewsBR-2.41%
- Bedrock已启动7天连续交易第6周，总奖池25,000美元Odaily星球日报讯 Bedrock 已启动 7 天连续交易第 6 周，奖池 25,000 美元，连续 7 天每日交易超 1.6 万美元或累计交易量超 16 万美元即可瓜分。前 2,500 名领奖用户锁定份额，活动时间为 8 月 6 日至 8 月 13 日。DailyNewsBR-2.41%
- BR：币安7月21日调整Alpha规则后市场波动加剧，希望用户理性交易BR项目方公告称，自币安公布Alpha交易新规则后，BR/USDT流动性外流，价格波动加剧。项目方提醒社区理性交易，并确认其在PancakeSwap上的流动性地址未变更。DailyNewsBR-2.41%
- Bedrock推出三项官方活动，参与可获取多重奖励Bedrock（BR）推出三项活动：在PancakeSwap交易BR/USDT可享50%返现和低至0.005%手续费；参加连续交易挑战可瓜分10万奖金；币安交易大赛中交易2000美元可参与25万奖金分配。DailyNewsBR-2.41%
- Binance Alpha昨日交易额报4.09亿美元，BR、KOGE、OIK分列前三BlockBeats 消息，7 月 13 日，据 @pandajackson42 数据面板，7 月 12 日 Binance Alpha 交易额达 4.09 亿美元，仍维持于低位水平。其中，BR 交易额 1.98 亿美元，KOGE 交易额 9752 万美元，OIK 交易额 2035 万美元居于前列。区块律动BR-2.41%OIK--
![<p>More than a decade after crypto’s meteoric rise, Bitcoin’s quadrennial halving-driven gold rush has faded. Now, intermittent liquidity injections from U.S. equities, the dollar, and Treasuries drive the market. Each cycle links together distinct hotspots, much like Pendle’s evolution from fixed income and LST, through BTCFi, to Ethena and Boros.</p>
<p>Creating new wealth is harder than managing old money.</p>
<p>As custodians put it: money flows to those who already have it.</p>
<p>In crypto, true whales come in three types: individual giants (early BTC miners, early ETH investors, DeFi Summer OGs); on-chain institutions (crypto-native VCs, centralized exchanges and public blockchains, and a handful of project teams); and long-standing or new titans backed by Wall Street.</p>
<p><img src="https://s3.ap-northeast-1.amazonaws.com/gimg.gateimg.com/learn/9ed6c1c583d01f3ccbdb76a46511deac93a9d4fc.png" alt=""><br>Image Description: Custodian Funding Boom<br>Image Source: <a href="https://github.com/zuoyeweb3" title="@zuoyeweb3" class="at-link">@zuoyeweb3</a></p>
<p>Custody providers have since specialized further. After $3 billion in funding in 2021 and the FTX–Celsius and 3AC–Luna–UST collapses in 2022, the crypto custody space crystallized into the following segments:</p>
<ul>
<li>• Copper/Ceffu/Cobo: On-chain project support</li><li>• Coinbase: ETF custody</li><li>• BNY Mellon: Banking-grade custody</li><li>• Fireblock: Exchange custody solutions</li></ul>
<p>Coinbase, in particular, has captured nearly the entire ETF custody market: over 80% of BTC and ETH ETF issuers now partner with Coinbase. In corporate treasury management, MSTR also prefers Coinbase as its BTC custodian.</p>
<h2 id="h2-5Li65pWj5oi35Lqk5piT5pe25Luj57uT5p2f77yM5Li65py65p6E55CG6LSi5pe25Luj5Yiw5p2l">The Era of Retail Trading Is Over: Institutions Take the Lead in Crypto Wealth Management</h2><p>The ways to profit in crypto evolve with the times. With capital scale effects at play, whoever controls the most assets secures the greatest profits. Miners, exchanges, and market makers have each had their day; next up are custodians. As traditional finance capital moves on-chain, these funds will rarely go straight to public chains or exchanges—instead, they’ll flow through custodians.</p>
<p>Ethereum’s daily transactions have surged past the DeFi Summer peak, hitting 1.74 million. Yet, this growth isn’t driven by memes or trading, but by stablecoin looping and borrowing, prompted by Aave and Ethena.</p>
<p>Similarly, Aave and Plasma are partnering to bring a TradFi-focused stablecoin on-chain. The Genius Act prohibits payment stablecoins from paying user interest, turning deposited funds into liabilities with nowhere to go—dead weight for issuers.</p>
<p>At the same time, as CEX trading volume shrinks, custodial, staking, and yield products are becoming new business targets for traditional banks, especially as rate cuts loom. The challenge now is how to attract liquidity from 401(k)s and corporate treasury strategies to on-chain products—a new business frontier.</p>
<p>The centralized exchange cycle is at its end, squeezed by both on-chain models and IPO ambitions. Hyperliquid is threatening Binance’s dominance, while Kraken, Bullish, and others are taking aim at Coinbase’s status as the only U.S.-listed exchange.</p>
<p>Strategically, everyone is chasing post-CEX yield opportunities. For institutional capital, safety takes priority over high APRs. Tether’s physical gold vault is one approach; on-chain vaults could be equally lucrative.</p>
<p>With ETFs taking the lead, Coinbase’s dominance is hard to shake—yet the evolving market landscape still offers openings for second- and third-tier players.</p>
<p><img src="https://s3.ap-northeast-1.amazonaws.com/gimg.gateimg.com/learn/49c0f9bfe131845f1d8c6209cce74da4678a5f2a.png" alt=""><br>Image Description: TradFi & DeFi Merge<br>Image Source: <a href="https://github.com/zuoyeeb3" title="@zuoyeeb3" class="at-link">@zuoyeeb3</a></p>
<p>Compared to the sheer scale of capital pouring into the dollar, Treasuries, and U.S. equities, crypto is still just catching what it can in a small bucket. Only a big, secure “bathtub” will allow true, seamless liquidity flows.</p>
<p>Veteran players are diverging, and Anchorage Digital and Galaxy Digital now stand out as the industry’s two flagship examples.</p>
<ul>
<li>• Treasury management (DATCO): Galaxy</li><li>• Stablecoins: Anchorage</li><li>• Emerging ETF staking: Anchorage Digital & Galaxy Digital</li></ul>
<p>Apart from BTC and spot ETF businesses, both companies target the same thing—taking more market share from Coinbase. This is a logical starting point.</p>
<p>The spot ETF market now features two main trends: generalization (altcoins and meme coins, after six months of Coinbase derivatives trading, may become eligible for conversion into ETFs); and the rise of staking ETFs, which allow issuers to offer physical redemptions and tap into on-chain staking revenue.</p>
<p>Anchorage Digital, for example, is the exclusive custodian and staking partner for the REX-Osprey Solana Staking ETF—fitting both these trends. If the bull market continues, ETF custody will be a key growth engine for these firms.</p>
<p>On the traditional ETF front, Anchorage has won mandates from 21Shares and BlackRock—and is even custodian for Trump Media’s Bitcoin treasury. Anchorage’s reach now extends all the way to Mar-a-Lago.</p>
<h2 id="h2-QW5jaG9yYWdlIOaMgeeJjOmTtuihjOeahOeos+WumuW4geW4g+WxgOS4juWKoOWvhumTgemHkeW6k+S5i+aipg==">Anchorage: Licensed Banking for Stablecoins and the Pursuit of the Crypto Fort Knox</h2><p>In 2019, Anchorage began exploring partnerships with Visa, becoming Visa’s USDC settlement bank in 2021.</p>
<p>In 2021, Anchorage launched its crypto custody business at a $3 billion valuation, received a crypto bank charter from the OCC, and began providing digital asset custody for the U.S. Marshals Service (USMS).</p>
<p>In 2022, following the crypto crash, Anchorage was first choice for Aptos custody, with co-founder Diogo Mónica also an Aptos investor.</p>
<p>In Q1 2023, platform assets grew 80%, though 75 employees (20%) were laid off and the company called for stablecoin regulation.</p>
<p>In 2024, co-founder Diogo Mónica stepped away from daily operations, with Nathan McCauley assuming full responsibility.</p>
<p>By 2025, Anchorage Digital will manage Trump Media’s Bitcoin treasury and has acquired USDM issuer Mountain Protocol.</p>
<p>Here’s a formal introduction: Anchorage Digital was founded in 2017 by Nathan McCauley and Diogo Mónica, initially as a small trust in South Dakota. But in 2021, a twist of fate made Anchorage Digital the only recipient, so far, of an OCC-issued crypto bank charter in the U.S.</p>
<p>In Silicon Valley, Wall Street, or D.C., exclusive financial services are, at their core, all about relationships.</p>
<p><img src="https://s3.ap-northeast-1.amazonaws.com/gimg.gateimg.com/learn/0edcae8d144bdddd0f94aa619c23aa98be29267b.png" alt=""><br>Image Description: Anchorage Digital’s Relationship Map<br>Image Source: <a href="https://github.com/zuoyeweb3" title="@zuoyeweb3" class="at-link">@zuoyeweb3</a></p>
<p>Anchorage Digital built a full-service institutional platform—trading, derivatives, clearing, staking, custody—making it a one-stop crypto solution for institutions. Beyond traditional custody, Anchorage is betting the company’s future on stablecoins, its key difference from Galaxy.</p>
<p>This marks the beginning of their first-mover advantage, where timing proved critical.</p>
<p>In 2021, Democrat Joe Biden, a noted crypto skeptic, became president. SBF donated millions to support Biden in hopes of a “crypto spring.” Meanwhile, former Coinbase CLO Brian Brooks became Acting Comptroller of the OCC.</p>
<p>Brooks promoted a crypto-friendly stance, opened banking services to the sector, launched the “REACh” roundtable, and encouraged banks to treat crypto firms fairly.</p>
<p>Anchorage seized the opportunity, transforming from a local trust to Anchorage Digital Bank—a true national bank.</p>
<p>On January 13, 2021, Anchorage Digital Bank was qualified to accept USD deposits and custody crypto assets.</p>
<p>The next day, January 14, Brooks resigned. By a fluke of timing, Anchorage Digital became the sole licensed crypto bank in the United States.</p>
<p>Today, virtually every page of Anchorage Digital’s site touts the value of its charter—it enabled $430 million in Series C and D funding, keeping the company afloat for the 2025 stablecoin surge.</p>
<p>Anchorage boasts an impressive cap table: both crypto VCs like a16z and Wall Street giants like KKR and BlackRock have invested.</p>
<p>For context, Bitpay and Paxos also applied for a charter, but weren’t so lucky. Recently, Paxos was hit by a $26.5 million New York DFS fine for BUSD non-compliance.</p>
<p>In addition to its federal OCC crypto bank charter, Anchorage also holds a New York State BitLicense—second only to BNY in regulatory status.</p>
<p>After Brooks’s departure, Anchorage and the OCC had their disagreements, but Anchorage kept its charter—holding a unique license provides a lasting advantage.</p>
<p>Thanks to this regulatory status, Anchorage can custody everything from stablecoin reserves and crypto to NFTs. But the 2022 crypto crash disrupted the firm, with leadership clashes following soon after.</p>
<p>Ultimately, Diogo Mónica joined Hanu Ventures as a partner, remains Anchorage Digital’s executive chairman, leads hiring and strategy, and Nathan McCauley handles core operations—focusing on capturing BlackRock’s stablecoin business.</p>
<p>Anchorage is now custodian for 21Shares’ BTC and ETH spot ETFs and exclusive custodian and staking partner for the REX-Osprey Solana Staking ETF.</p>
<p>But beyond ETFs, Anchorage Digital has made major headway—especially in stablecoins: collaborating with Visa on stablecoin payments and onboarding “compliant” stablecoins like PayPal’s PYUSD for institutional investors.</p>
<p>Remarkably, Tether’s custodian and investor Cantor Fitzgerald has also teamed up with Anchorage to handle Bitcoin custody for Cantor Fitzgerald’s business.</p>
<p>That makes Anchorage the custodian to Tether’s custodian.</p>
<p>Despite its regulatory edge, Anchorage’s business was relatively quiet before 2025. Even with a $3 billion valuation and $50 billion in assets under management (AUM), it struggled to challenge Coinbase in the ETF space. Stablecoins are Anchorage Digital’s real battleground.</p>
<p>With its federal “crypto bank” charter, Anchorage Digital (through Anchorage Digital Bank NA) can accept both USD and stablecoin deposits, and provide custody services.</p>
<ul>
<li>• Off-chain: Anchorage is partnering with Ethena to scale up USDtb issuance and comply with Genius Act stablecoin requirements.</li><li>• On-chain: Anchorage is part of the USDG stablecoin alliance with Paxos and Kraken, operating the Global Dollar Network on-chain.</li></ul>
<p>In treasury strategy, Anchorage is not idle: former BlackRock exec Joseph Chalom joined ETH treasury firm Sharplink Gaming as co-CEO and drove the BlackRock–Anchorage ETF custody partnership.</p>
<p>BlackRock’s BUIDL fund is closely linked to Chalom, and Anchorage serves as custodian. The structure:</p>
<p>$BUIDL = BlackRock issuance = Securitize (tokenization tech) + Anchorage Digital (custody) + BNY (cash management)</p>
<p>There’s more: SEC Chair Paul Atkins owns at least $250,000 of Anchorage Digital shares and is also a Securitize stakeholder; Securitize is Ethena’s joint partner for Converage.</p>
<p>With Galaxy listed publicly, speculation about an Anchorage Digital IPO is growing as the stablecoin business expands—perhaps this will be the year of the first crypto bank IPO.</p>
<h2 id="h2-R2FsYXh5IERpZ2l0YWwg5Z2Q5LiK6LSi5bqT5pe25Luj55qE6ZOB546L5bqn">Galaxy Digital: Sitting Atop the Crypto Treasury Throne</h2><p>Galaxy Digital stands out even more than Anchorage. It was Goldman Sachs’s OTC crypto trading partner in 2022, a major Bitcoin whale exit hub, and is involved in BTC mining, VC investment, and AI compute. Founder Mike Novogratz’s connections are unmatched in the industry.</p>
<p>On July 25, Galaxy helped an early miner sell about 80,000 BTC ($9 billion). Although the sales were staggered, the news pushed Bitcoin down nearly 4% to below $115,000.</p>
<p>Given the sums involved, Galaxy has faced accusations of market manipulation, but as an institution, Galaxy’s incentives are for low volatility and scale—institutions want stability, not chaos.</p>
<p>However, Galaxy’s real advantage is its timing: founder Mike Novogratz—trained in traditional finance, not tech—has always approached crypto pragmatically, focusing on profitability.</p>
<p>Now, as retail exits and institutions enter, Galaxy’s next steps—especially the broadening of crypto treasury strategies—demand attention.</p>
<p>Recall that ETH treasury company Sharplink, recently led by a BlackRock executive?</p>
<p>In June 2025, Sharplink made multiple large ETH buys via Galaxy OTC, totaling at least $800 million. Galaxy is also a Sharplink investor—internal capital cycling within related entities.</p>
<p>Beyond BTC and ETFs, Galaxy has contributed to Ethena’s Stablecoinx treasury effort and built the $450 million Mill City Ventures III, Ltd. $SUI treasury.</p>
<p>Galaxy is also expanding into new OTC products, such as OTC support for LST LsETH (Liquid Collective issuance). For the SOL version (lsSOL), institutional investors are supported by Anchorage Digital.</p>
<p>It’s a tight circle at the top of crypto finance.</p>
<p>Notably, both Anchorage Digital and Galaxy Digital are now involved in GDN, proving that collaboration, not cutthroat competition, is the new norm among major custodians.</p>
<p>While Anchorage is betting its future on stablecoins (thanks to its banking charter), Galaxy focuses on treasury management, with additional non-BTC and non-ETH treasury products forthcoming.</p>
<p>With substantial capital depth, Galaxy holds $1.8 billion in BTC, recently increased its XRP holdings by $34.4 million, and in a twist, Ripple just announced a $200 million acquisition of stablecoin firm Rail (backed by Galaxy).</p>
<p>Internal capital cycling within related entities.</p>
<p>Galaxy’s filings hint at new treasury and market-making targets: $HYPE, $SOL, and $XRP. After Ripple ended its SEC litigation and soared 10% the same day, Galaxy pulled ahead of retail once more.</p>
<p><img src="https://s3.ap-northeast-1.amazonaws.com/gimg.gateimg.com/learn/537e2129a57a2a54d0b97276c3a7a0bd7e8d038c.png" alt=""><br>Image Description: Galaxy Digital Portfolio<br>Image Source: <a href="https://github.com/zuoyeweb3" title="@zuoyeweb3" class="at-link">@zuoyeweb3</a><br>Data Source: <a href="https://github.com/SECGov" title="@SECGov" class="at-link">@SECGov</a></p>
<p>Galaxy has completely exited its UNI and TIA positions. The previous leading assets have been replaced: USDG, HYPE, and XRP are the new stars—OTC desks always spot the trends first.</p>
<p>Historically, OTC desks could only passively fill whale orders, with little sway over secondary markets—unlike exchange-based market makers. However, with on-chain treasury strategies, crypto, equities, and bonds will become interconnected; who will control token pricing remains uncertain.</p>
<h2 id="h2-57uT6K+t">Conclusion</h2><p>Custodians are the new crossroads of capital in crypto. Off-chain assets demand secure on-chain entry; on-chain assets require compliant off-ramps. Treasury strategies will let custodians actively shape token prices. Crypto liquidity now defines the power structure, while the era of centralized exchanges and market makers is coming to an end.</p>
<p>BNY Mellon holds over $52 trillion in assets under custody. The entire crypto market cap is less than $4 trillion, and stablecoins + crypto ETFs + treasury firms total just $520 billion—crypto custodians’ influence will take time to mature.</p>
<p>Ultimately, capital will follow profit opportunities.</p>
<h3 id="h3-5aOw5piO77ya">Disclaimer:</h3><ol>
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