Forecast Trend Report by Period
Bitwise said passage of the US stablecoin bill known as the GENIUS Act has accelerated fundraising across the cryptocurrency industry, and that the next catalyst could be the crypto market structure bill known as the Clarity Act.
In an investor memo dated May 12, Bitwise Chief Investment Officer Matt Hougan wrote that it was no coincidence that three Web3 projects — Circle’s Arc, Canton and Stripe’s Tempo — raised more than $1 billion combined in recent months.
He highlighted that the projects are focused on stablecoins, tokenized securities and infrastructure for asset tokenization. All three launched major fundraising efforts after the…
