Crypto Biz: Institutions tighten their grip on Bitcoin, AI and prediction markets
SkimNews Take
The increasing institutional presence in crypto, from direct asset control to infrastructure repurposing and new financial platforms, signals a broader integration of digital assets into traditional financial and technological ecosystems.
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- CoinShares reports $4.9 billion YTD inflows into crypto exchange‑traded products despite recent outflows.
- Tether bought SoftBank’s ~26 % stake in Twenty One Capital, giving it influence over a corporate Bitcoin vehicle that holds >42,000 BTC and a $3.34 billion position.
- Bernstein says Bitcoin miners are leveraging large‑scale power and data‑center capacity to serve AI customers, creating new revenue as block rewards decline.
- Polymarket partnered with Nasdaq to launch a prediction‑market platform for private‑company valuations, expanding event‑based forecasting beyond elections.
Why it matters: Tether’s stake in Twenty One Capital gives it control over a $3.34 billion Bitcoin hoard, while AI‑linked mining expands miners’ revenue streams as block rewards shrink; the Polymarket‑Nasdaq launch creates a new venue for private‑company price discovery, attracting institutional capital to crypto‑adjacent markets.
