Aspen Digital

The #cryptocurrency market is undergoing a fundamental capital rotation from retail speculators to institutional investors. The LUNA and FTX collapse served as a crucial stress test, eliminating bad actors and fostering the regulatory clarity necessary to create a more stable and attractive entry point for institutional capital, paving the way for the landmark approval of Spot Bitcoin ETFs in 2024. Bitcoin Layer 2 solutions like Stacks unlock smart contract functionality for Bitcoin, transforming it from a passive store of value into a productive, yield-bearing asset. This creates a vibrant on-chain capital market where Bitcoin can be utilized in #DeFi applications like lending and staking without leaving its native ecosystem. With the global assets market valued at $920 trillion, the integration of blockchain technology could unlock significant potential, enabling more efficient, transparent, and accessible markets. While the on-chain capital market is currently dominated by Ethereum ($87b in TVL, representing 18% of ETH market cap), Bitcoin is a much larger market with over $393b untapped potential. The growing adoption of Bitcoin, evidenced by 49.7m BTCFi holders and 189m stablecoin users, paves the way for unlocking trillion dollars of on-chain capital markets. Read our full analysis of Bitcoin Capital Markets as we cover: - Fundamental capital rotation from retail speculators to institutional investors - Key drivers of Institutional Adoption - Key Avenues for Institutional Capital Deployment - The Foundational Infrastructure for On-Chain Capital - A Structural Shift Towards Mainstream Integration Download the full report: https://lnkd.in/g2hiK43Y

The #RWA landscape has grown significantly in 2025, with ~500k users holding $34.1B assets onchain. Hosted by MANTRA, our CEO Elliot Andrews, CFA shares his take on RWA and #DeFi in the Agentic Summit. He had a fruitful discussion with Shari Noonan (Rialto Markets), John Patrick Mullin (MANTRA), Dr Jez Mohideen (Laser Digital), Timo Lehes (SWARM) and Patrick O'Meara (Inveniam).

Over the past 30 days, perpetual DEX volume has outpaced spot DEXs. Hyperliquid's dominance is waning against new competitors like Aster and Lighter. USDT-dominated stablecoin networks gained traction as Plasma and STBL launched their native tokens. Discover the latest trends in Perp DEX and stablecoins：https://lnkd.in/gvedigJx

A fruitful morning as we partnered with Coinbase Asset Management to host a private roundtable for family offices, asset managers, and HNWIs. Our CEO Elliot Andrews, CFA and Anthony B. (President of Coinbase Asset Management) exchanged their insights on the role of private wealth in unlocking trillions of #Bitcoin capital. Aspen Digital is Coinbase Asset Management's exclusive distribution partner for the Bitcoin Yield Fund across MENA and APAC Regions. https://lnkd.in/gB78MEm6

The adoption of #Bitcoin as a legitimate asset led to the influx of institutional capital, paving the way for Bitcoin spot ETF approvals in 2024 and the growing demand for digital asset treasuries in 2025. This institutionalization is made possible by the development of robust financial and network infrastructure. Tune in to our exclusive webinar with Muneeb Ali (Stacks Co-founder) and Kyle Ellicott (Stacks Asia Foundation Exec Director) as we cover: - Institutional entry to the #Bitcoin ecosystem - The evolution of #Bitcoin capital cycle - Where Institutions and public treasuries (DATcos) put their Bitcoin to work - What makes Institutional #BTCFi possible - The future of on-chain capital markets Registration link https://lnkd.in/g4cECpxh

Update: Native Markets won the bid for USDH stablecoin ticker https://lnkd.in/gsEYyBkY #Hyperliquid will soon launch its native stablecoin USDH, and is accepting proposals from stablecoin issuers such as Native Markets and #Paxos. Read this week's newsletter to find out why everyone is hyped on USDH, and what potential USDH unlocks for stablecoin issuers. Find out below: https://lnkd.in/gdK37xVz

Beyond Pudgy Penguins and prediction markets, we explore other key trends in #consumercrypto: the thriving on-chain #Pokemon cards and the resurgence of Flow blockchain by Dapper Labs. Read the latest on consumer crypto: https://lnkd.in/gnnzDizj

Pudgy Penguins is winning as its latest game ‘Pudgy Party’ topped iOS gaming charts. Meanwhile, Polymarket and Kalshi went head to head for the leader in prediction markets. Read more on the latest in consumer crypto: https://lnkd.in/g7_Hyvgt

Arbitrum leads with its ‘Arbitrum Everywhere’ strategy, as Arbitrum One remains the largest L2 in total value secured (TVS). BASE hits an all-time high ecosystem TVL, fueled by Coinbase wrapped assets. Meanwhile, Abstract Chain shines with organic revenue growth and gains massive attention in prediction markets. Which L2 is your bet? Read the newsletter: https://lnkd.in/gH6DPzgP