... ecosystem. This example shows that not only public companies but also blockchain projects in the DAO format can concentrate substantial reserves of Ethereum by reinvesting capital raised from the community into developing their infrastructure. Public Crypto Companies: Coinbase, Bit Digital, and BTCS Coinbase — the largest American cryptocurrency exchange (NASDAQ: COIN) — is also among the top holders of ETH. Coinbase holds approximately 136.8 thousand ETH, owned by the company itself (these are not client funds). The exchange, having earned significant amounts during the cryptocurrency boom,...

... collectible tokens. Europe: The EU has implemented a comprehensive set of MiCA rules, unifying requirements for participants in the crypto market and stablecoins. The European approach provides uniform regulatory standards, attracting businesses to the EU markets ... ... jurisdictions as crypto-friendly hubs. For instance, Hong Kong has introduced a mandatory licensing regime for cryptocurrency exchanges and is already issuing the first licenses for retail trading of digital assets. A comprehensive stablecoin law has also ...

... threshold amidst a deflationary ETH issuance model. Tether (USDT) – ~$1, the leading stablecoin. USDT provides liquidity to the crypto market, remaining the primary tool for parking capital between trades. The issuer Tether is preparing to enter the U.S.... ... highlighting the demand for reliable digital dollars. Binance Coin (BNB) – ~$800. The token of the largest cryptocurrency exchange Binance has reached an all-time high amidst growing platform activity. Despite tightening regulation in several countries,...

... are made through USDT or USDC instead of SWIFT systems—this is faster and cheaper. In 2025, we may witness more partnerships between stablecoin issuers and major payment systems. For Tether, this would mean an expansion of USDT's application beyond crypto exchanges, further strengthening its position. Competition and New Players. On the horizon are new stablecoins, including national ones. The European Union, having adopted MiCA, will likely stimulate the emergence of euro-pegged stablecoins under the ...

... a similar sales mechanism, qualified investors will be able to trade cryptocurrencies within the ruble jurisdiction. This could attract new capital to the sector — from private investment funds to companies looking to diversify their assets using crypto instruments. Additionally, legal exchange channels will ease the exit from investments: converting cryptocurrency to fiat will become simpler and safer, thus increasing market liquidity. However, alongside the advantages, there are also risks. A regulated market introduces stringent ...