Blackstone: Bitcoin investment cases remain valid after a 50% correction
2026-08-19 11:01:27
According to CoinMeta, Blackstone stated that the investment case for Bitcoin remains valid despite a roughly 50% correction, and a 1-2% allocation could still improve the risk-adjusted return of a 60/40 portfolio. Additionally, Antropik plans to grant additional voting rights shares to CEO Dario Amodei and co-founders before its debut on Wall Street. The Wyoming Stablecoin Commission has migrated its Frontier stablecoin to Chainlink CCIP, replacing the LayerZero bridge. Robinhood CEO Vlad Tenev said, "We are in the early stages of a global tokenization supercycle" that will "devour the entire financial system." OpenAI suspended AI training for two weeks after a Hugging Face data breach and introduced new security measures. Michael Selleger of CFTC said that CFTC is "turning a new page" and will promote law enforcement-led crypto policies through the first meeting of its Innovation Advisory Committee. Senator Cynthia Lummis stated that the Clear Act is scheduled to be voted on in the Senate at 2 p.m. on September 15th.
Source:Cointelegraph
This content is for market information only and does not constitute investment advice.
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