gsr

According to a report by Cryptonomist, GSR's market director Spencer Hallarn stated in an interview that the hype around tokenization has surpassed the actual usage on many platforms. The issue lies not in the market's demand for tokenized assets, but in the design of the platforms themselves. He pointed out that many walled garden-style tokenization platforms with strict KYC requirements generally lack meaningful trading volume, as cumbersome access and compliance processes limit activity.Hallarn believes that the real opportunity is not in tokenizing for the sake of tokenization, but in fixing the underlying pipelines of traditional banking and settlement systems, specifically the infrastructure for transferring funds and assets between institutions. This would make tokenization more of an infrastructure repair rather than merely a narrative of crypto products.He also mentioned that the stagnation in the crypto market this year is largely due to funds shifting towards AI infrastructure, with large tech companies raising substantial amounts of capital for AI infrastructure through equity financing, tightening the liquidity of various assets, and crypto is no exception. Its clients are also shifting from chasing short-term momentum to long-term budget planning, over-the-counter hedging, and RWA. If AI investment cools down and the Federal Reserve lowers interest rates, liquidity is expected to improve and support Bitcoin prices.

GSR's latest report indicates that most DAOs in the crypto industry have structural defects in treasury management, with about 70% of treasury assets concentrated in the project's native tokens.GSR states that this asset structure may create a pro-cyclical negative feedback loop: when the price of the native token falls, the value of the treasury shrinks, while protocol revenue and market activity are affected, further increasing the financial pressure on the project.Project teams typically seek to hedge only after the token price has dropped, but by this time, the market's implied volatility has often risen, significantly increasing the cost of risk protection.GSR suggests that DAOs should separate operational reserves from long-term token holdings and consider using collar strategies to build downside protection, reducing the impact of market declines on the treasury and extending the project's funding usage cycle during bear markets.GSR believes that in the short term, more projects adopting hedging strategies may drive growth in trading volume in the crypto options market, but the impact on spot prices is limited; in the medium term, if the structure of DAO treasuries improves, it is expected to reduce systemic selling pressure in the market.

According to The Block, cryptocurrency market maker GSR has received approval from the Financial Industry Regulatory Authority (FINRA) and has officially completed the acquisition of Portland SEC-registered broker-dealer Equilibrium Capital Services, which is now renamed GSR Securities. GSR CEO Xin Song stated that this acquisition will strengthen its compliance broker-dealer platform capabilities in the United States, focusing on serving institutional clients.GSR had previously disclosed plans to position its business as a "Web3 investment bank," and after the acquisition, it will further expand its tokenized financing business. Additionally, GSR has been active this year: in April, it launched the GSR Crypto Core3 ETF on Nasdaq, in March it acquired token consulting firms Autonomous and Architech, and invested in the tokenized platform Libeara under SC Ventures; last month, SC Ventures, the fintech investment arm of Standard Chartered Bank, became GSR's first external shareholder and completed its investment.

According to The Block, SC Ventures, the fintech and investment division of Standard Chartered Bank, has made a strategic investment in the crypto market maker GSR.The company has also been expanding into other tokenized financial services recently. This investment makes SC Ventures the first external strategic shareholder of GSR since its establishment in 2013.

According to The Block, cryptocurrency market maker GSR has launched its first multi-asset crypto ETF ------ GSR Crypto Core3 ETF, with the ticker BESO, listed on Nasdaq. The investment targets include BTC, ETH, and SOL, and will account for staking rewards where applicable.The fund employs an active management strategy, planning to rebalance weekly, with a management fee of 1%. Reports indicate that this product is also the first actively managed multi-asset crypto ETF in the U.S. to offer staking functionality. This launch is GSR's latest initiative to expand its crypto ETF and asset management business.

GSR led the investment in the tokenized platform Libeara launched by SC Ventures, a subsidiary of Standard Chartered Bank, with the transaction terms undisclosed. Libeara was established in 2023 and has supported the creation of over $1 billion in on-chain assets, including a tokenized retail money market fund launched in Asia for the large asset management company ChinaAMC.Additionally, GSR recently acquired Autonomous and Architech to expand its token consulting business. Through these acquisitions, GSR's service scope covers everything from strategic pre-launch planning for tokens to post-launch liquidity management.

This month, RootData launched a roadshow for companies in the cryptocurrency industry segmentation, presenting representative projects that are still committed to being Builders to the market based on transparency. Today, the second issue is released------the cryptocurrency market maker segment, with nearly 40 companies still in operation included in the statistics.Specifically, market makers such as Galaxy Digital, Wintermute, GSR, DWF Labs, Jane Street, and Amber Group have transparency scores above 70%, placing them in the first tier of this segment. Additionally, 19 market maker projects have transparency scores below 60%, with most failing to disclose data such as team information, funding, or market-making tokens, indicating a need for further improvement.It is reported that RootData's transparency score is based on a comprehensive evaluation of investor background, team completeness, roadmap delivery, and news popularity. The higher the transparency score, the stronger the project's strength and stability.

Cryptocurrency market maker GSR announced the acquisition of Autonomous and Architech for $57 million, building an integrated capital market and fund management platform that covers the entire lifecycle of projects from launch to expansion.After the acquisition is completed, Autonomous will continue to operate independently, providing support for the launch and operation of tokenized organizations; Architech will become a core component of GSR's digital asset consulting business. This acquisition marks GSR's further transformation into a "one-stop capital market service provider for crypto," strengthening its layout in the institutional-grade infrastructure and full-cycle service fields.This integration aims to address the current issues in the crypto industry regarding the decentralization of services and inconsistent incentives in areas such as token issuance, governance design, liquidity, financing, and listing strategies, by providing collaborative support through a unified framework. Additionally, clients will have access to GSR's existing institutional trading, derivatives, and asset management capabilities. GSR stated that the platform will also focus on enhancing the treasury management capabilities of crypto projects, covering liquidity planning, cash flow forecasting, risk management, and asset allocation strategies, promoting the transition of crypto funds from passive holding to sustainable returns and diversified allocation.

GSR content director Frank Chaparro posted on X that Tether has disclosed at least $1.6 billion in investments over the past few months, including:Rumble: $785 million;Elemental Royalty: $250 million;Juventus FC: $150 million;Gold dot com: $150 million;Anchorage Digital: $100 million;Gold Royalty: over $90 million;Generative Bionics: $82 million;Speed1: $8 million;Parfin: amount not disclosed;Adecoagro: amount not disclosed.

According to The Data Nerd monitoring, 3 hours ago, GSR withdrew 3000 ETH (approximately 6.23 million USD) from Binance.

According to Arkham data, at 09:58, 41.61 BTC (worth approximately 2.4 million USD) was transferred from GSR Markets to an anonymous address (starting with bc1qm...).

According to Arkham data, at 05:40, 47.05 BTC (worth approximately 2.53 million USD) was transferred from GSR Markets to an anonymous address (starting with bc1qmqt...).

According to Arkham data, at 03:16, 11.1148 million wM (worth approximately 11.11 million USD) was transferred from GSR Markets to GSR Markets.

According to Arkham data, at 01:28, 11.1242 million wM (worth approximately 11.12 million USD) was transferred from GSR Markets to an anonymous address (starting with 0x0502d...).

According to Arkham data, at 00:54, the address marked as "GSR Markets" transferred 2,001,000 USD1 to BitGo, worth approximately 2,001,000 USD.

According to Arkham data, at 18:29, 11.1413 million wM (worth approximately 11.14 million USD) was transferred from GSR Markets to an anonymous address (starting with 0x0502...).

According to Arkham data, at 18:06, 11.1413 million wM (WrappedM by M^0, worth approximately 11.14 million USD) was transferred from GSR Markets to GSR Markets.

According to Arkham data, at 04:55, 5,158,600 wM (worth approximately $5,158,600) was transferred from GSR Markets to an anonymous address (starting with 0x0502...).