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The document quickly sparked debate across the Ethereum community, with supporters saying it reinforces the network’s core principles. Critics, however, argue the mandate signals the foundation intends to take a backseat just as institutional interest in blockchain is accelerating.
The stablecoin issuer has rallied as analysts point to growing demand for USDC, a higher interest-rate environment and the rapid expansion of tokenized assets.
“The wildest thing about my $1 million prediction is that it's not wild at all,” said the digital asset fund manager's CIO.
Gains came for crypto and stocks as tensions around the Strait of Hormuz appeared to ease slightly, sending oil prices lower.
Wall Street broker Bernstein took note of an institutional ownership shift as behind bitcoin's resilience during this latest bout of global turmoil.
Polkadot (DOT), up 8.5% from Friday, joined Ethereum (ETH) as a top performer.
The transaction is expected to deliver as much as $300 million in cash, which will be used to expand the company's institutional crypto lending, yield and custody offerings.