ChainCatcher news, DWF Labs released a report titled "How Memecoin Culture is Changing the Cryptocurrency Market," which states that Memecoin has grown from $20 billion to $120 billion by 2024, indicating that this is not a fleeting phenomenon, but the emergence of a new asset class.This growth reflects the market's recognition of social capital as a legitimate source of value in the digital age. The complex infrastructure developed around Memecoin (from automated market makers to community governance tools) further solidifies their position in the cryptocurrency space.In the future, the continued development of this niche market may yield new insights into how digital communities create and acquire value in increasingly complex ways. The challenge for market participants will be to maintain the unique creativity and community-driven aspects of Meme coins while establishing sustainable structures that can support long-term growth.

ChainCatcher news, according to Jinshi reports, San Francisco Federal Reserve President Mary Daly believes that cryptocurrencies should be regarded as an independent asset class, rather than being conflated with gold as is often the case.Daly stated, "I think cryptocurrencies are a complex thing, and the service we need to provide for everyone is to truly interpret what it means. Once we do that, we can define it; it can be a currency, it can be a medium of exchange, it can be a stock, an asset that holds value or sometimes depreciates. We just need to define those terms."Daly added, "So I don't think it is like gold; it sometimes has gold-like characteristics, but I don't think it is an asset like gold."

ChainCatcher news, according to Jinshi reports, JPMorgan analysts stated in a report that from the perspective of investor positions, Bitcoin, the US dollar, and stocks are the most vulnerable asset classes. Positions in Bitcoin, the US dollar, and stocks appear to be increasing as investors bet that these assets will rise.In other areas, bond and credit positions are close to neutral, while commodity positions excluding gold are decreasing. "Therefore, from a positioning perspective, entering 2025, the most vulnerable asset classes are stocks, the US dollar, and Bitcoin, while the opposite is true for non-gold commodities."

ChainCatcher message, the Chief Investment Officer of Goldman Sachs Private Wealth stated: "We do not recommend investing in cryptocurrencies as an asset class."

ChainCatcher message, Bloomberg ETF analyst Eric Balchunas shared a complete quote from BlackRock CEO Larry Fink during the third-quarter earnings call regarding Bitcoin/digital assets on X. Fink stated that Bitcoin assets themselves are an asset class, and they are discussing allocation issues with global institutions, which remind him of the early stages of the mortgage market (currently valued at $11 trillion).

ChainCatcher news, VanEck research director Matthew Sigel stated that Bitcoin's year-to-date performance is once again leading all asset classes. In the report, he conducted an in-depth study of year-over-year fundamentals, miner behavior, volatility, ETP traction, and decentralized networks. The conclusion drawn is that upward volatility is on the horizon.

ChainCatcher news, ETFStore President Nate Geraci posted on the X platform stating that traditional asset management can no longer ignore cryptocurrency as an asset class. I believe you will see everyone actively embracing this space.

ChainCatcher news, EU regulators have released new guidelines allowing relevant market participants to classify cryptocurrencies and digital assets according to the Markets in Crypto-Assets Regulation (MiCA). The newly published guidelines provide a structured approach to classifying various types of crypto assets. This includes determining whether a token falls under MiCA through issue-based prompts, such as who the issuer is, whether it is based on blockchain, or whether it is a financial instrument. It also helps to determine whether the token in question meets the criteria for standard crypto asset qualification under MiCA, or whether it can be classified as other types of assets, such as electronic money tokens (EMT) or asset-referenced tokens (ART).Issuers must attach a legal opinion to the white paper that clearly explains the classification of these tokens. The opinion should confirm that these tokens are neither electronic money tokens (EMT) nor any other type of crypto asset that falls outside the scope of MiCA.

ChainCatcher news, the Wine Capital Fund is a closed-end private equity investment fund focused on fine wines, which has been tokenized by Oasis Pro and listed on the SEC registered ATS of Oasis Pro Market via the Avalanche C chain.Tommy Nordam Jensen, the managing partner of Wine Capital Fund, stated: "The collaboration with Oasis Pro and Avalanche allows us to offer investors a revolutionary way to invest in the fine wine market. As the first wine fund to tokenize Avalanche equity, we believe we are making significant strides in the alternative investment space and are excited to be at the forefront of this transformation."

ChainCatcher news, co-founder and partner of the crypto venture capital firm Mechanism Capital, Andrew Kang stated that many people compare meme coins to lottery tickets, but "meme coins are assets, and the market size could be 100 times larger than the gambling industry."Some also view meme coins as a zero-sum game, which is incorrect. "The market will continue to create higher highs and higher lows in each cycle, and over the next decade, the total market capitalization of meme coins will increase. This is the emergence of a new asset class."

ChainCatcher news, according to CryptoSlate, based on data from Capital15C, the scale of Bitcoin ETFs has rapidly expanded, including the recently launched spot Bitcoin ETF, with a total value reaching $27.9 billion, approximately 647,651 BTC, of which Grayscale holds about 600,000 BTC.According to data from etfdb.com, the "Broad Diversified" asset class includes 22 ETFs with an asset under management (AUM) of $12.826 billion. In third place is silver, which includes 5 ETFs with an AUM of $11.546 billion. Although BTC is currently not listed in their ETF list, if added in the future, Bitcoin would rank second in terms of AUM, becoming the second largest commodity in the U.S.

ChainCatcher news, according to data from Bitcoin investment firm NYDIG, the BTC price has fallen by 11.1% in the third quarter of this year, performing better than only long-term government bonds (which fell by 11.9%) among major asset classes. However, BTC is not the only asset that declined this quarter. Almost all other asset classes, including stocks, bonds, gold, and real estate, also experienced declines in the third quarter.Moreover, despite the poor performance in the third quarter, Bitcoin continues to hold its position as the best-performing asset/asset class this year, with a year-to-date growth of 63.3%.

ChainCatcher news, according to the "2023 Global Major Asset Rise and Fall Rankings" released by Caixin, Bitcoin ranked first among major global assets with an increase of 83.81%, far exceeding the second place Nasdaq Index (which increased by 31.73%). (Source link)

ChainCatcher news, according to Jin10, Federal Reserve Chairman Powell stated that cryptocurrencies seem to have staying power as an asset class. (source link)

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal has written to the U.S. Securities and Exchange Commission (SEC), suggesting amendments to the SEC's Registered Investment Advisor (RIA) regulatory rules to protect all asset classes, including cryptocurrencies.Paul Grewal proposed expanding the scope of RIA custody obligations from "funds and securities" to all client assets and believes that the SEC should retain state-regulated trust companies as qualified custodians, allowing for limited risk exposure restrictions on unqualified custodians, among other things. (source link)

ChainCatcher news, Ark Invest CEO Cathie Wood recently stated that Bitcoin and Ethereum serve as risk-free assets, acting as a "safe haven" for investors facing macroeconomic uncertainty.The recent turmoil in the banking sector indicates that the two largest cryptocurrencies by market capitalization can outperform other asset classes. Wood believes that as the industry gains more recognition and regulation, crypto will ultimately become a matter of choice. From our perspective, unlike traditional financial instruments, many crypto assets do not have significant failure points: they are decentralized, transparent, and auditable.In contrast, Ray Dalio, founder of hedge fund Bridgewater Associates, expressed the opposite opinion: Bitcoin cannot become an "efficient currency" because it is too volatile and not accepted by central banks. (source link)

ChainCatcher news, according to Bloomberg, Bitcoin has quickly emerged from the "crypto winter," becoming the best-performing asset class in the first quarter.According to Bloomberg data, Bitcoin closed the first quarter with a 72% increase, marking the best quarter since March 2021. This significantly outperformed the S&P 500's 7% increase so far this year, the Nasdaq 100's 20.5% increase, and the iShares 20+ Year Treasury Bond ETF's 6.8% increase. (source link)