Bitcoin’s safe-haven role under scrutiny as stock market poised for correction

SOL is the "most obvious long right now," fueled by up to $2.6 billion demand from crypto vehicles in the next month, Arca CIO Jeff Dorman said.

[SUI Group Increases Holdings by 20 Million SUI, Total Holdings Exceed 100 Million Tokens] Reported by Golden Finance, Nasdaq-listed company SUI Group Holdings (formerly Mill City Ventures) announced that its holdings of SUI tokens have exceeded 100 million, with a total value of approximately $344 million. This recent increase adds about 20 million tokens. The company's Chief Investment Officer, Stephen Mackintosh, stated that they will continue to purchase discounted locked SUI tokens through additional investments to create value for shareholders. Currently, the company has cash reserves of approximately $58 million, which can be used for further acquisitions of SUI tokens.

The new ETF, which began trading last week under the ETCO ticker, aims to use an options strategy to generate income.

[Federal Reserve's Kashkari: Economy May Cool Moderately, Room for Rate Cuts Exists] Federal Reserve official Kashkari stated that there is reason to believe the economy will experience moderate cooling, and there is still room for modest rate cuts.