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Crypto

Bernstein sees bitcoin at $300,000 by 2029 on weak dollar, ETF tailwinds

Global investment bank Bernstein kept its forecast that bitcoin could reach $300,000 by 2029, citing concerns over a weaker dollar. It said a “debasement trade” could push investors toward scarce assets such as gold and cryptocurrencies as long-term disinflation ends and U.S. debt hits $40 trillion. Bernstein also pointed to larger U.S. Treasury bond buybacks, stronger ETF activity and geopolitical developments supporting bitcoin’s narrative.

Crypto

Trump made 1,051 trades in June, first buys Berkshire and rebought Coinbase

U.S. President Donald Trump (도널드 트럼프) made 1,051 individual trades in stocks, bonds and exchange-traded funds in June, according to a report. A financial disclosure released on Aug. 22 put the total value of transactions in a range of $78.1 million to $263.1 million. Trump first bought Berkshire Hathaway and traded a wide mix of shares and ETFs, including repeated buying and selling of crypto-related Coinbase.

Crypto

DTCC begins live securities tokenisation trading with 40 firms including JPMorgan

U.S. securities settlement group DTCC has started operating a securities tokenisation service in live markets, covering assets including Microsoft shares and U.S. Treasuries. DTCC plans a July pilot limited to about 1,000 instruments before expanding to full availability around October. The service, developed by its depository DTC, lets participants use tokenised assets for collateral transfers, repo transactions and stock trades, with settlement on either Hyperledger Besu or the Canton Network.