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According to PRNewswire, market analysis reports indicate that Coinbase and Kraken together account for 22% of all AI mentions across the cryptocurrency category—Coinbase accounts for 13%, and Kraken for 9%—holding a lead over other U.S. trading platforms by more than threefold. Gemini ranks third with 5.5%, Robinhood Crypto fourth with 5%, and BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, fifth with 4.5%, dominating queries related to “Bitcoin ETFs.” Additionally, hardware wallets are losing influence in AI responses: while Ledger and Trezor still dominate queries related to “cryptocurrency wallets,” AI increasingly recommends custodial solutions offered by regulated trading platforms when addressing questions about the “best way to store cryptocurrency assets.” (Note: “AI mentions” refers to how frequently an AI chatbot references a particular brand, product, or company when responding to user queries.)
BlackRock has submitted a comment letter to the Office of the Comptroller of the Currency (OCC), opposing the reserve asset restrictions proposed in its draft rules implementing the GENIUS Act. In the comment letter, the firm specifically targets the rules for "permitted payment stablecoin issuers," calling for no quantitative cap on tokenized reserve assets.BlackRock stated that the proposed restrictions are unrelated to regulatory objectives, and the risk of reserve assets should be determined by their credit quality, duration, and liquidity rather than whether they are held or transferred on a distributed ledger. This comment letter was submitted in response to multiple rule proposals from the OCC covering reserve composition, capital requirements, custody, and other related matters. (The Block)
the open interest (OI) for options on the Bitcoin spot ETF, IBIT, issued by BlackRock, rose to $27.61 billion on Friday, surpassing the $26.9 billion in the Bitcoin options market on the crypto derivatives platform Deribit for the first time.According to Volmex data, the call options holdings in IBIT are primarily betting that the Bitcoin price will rise to $109,709 in the short term, approximately 41% higher than the current level of around $77,400. Meanwhile, the Deribit market mainly expects Bitcoin to rise to about $106,000. Additionally, the average time to maturity of IBIT options is about two months longer than those on Deribit, indicating that investors in the regulated U.S. market are more inclined towards long-term holdings and stronger bullish sentiment. This further highlights the accelerating trend of institutionalization in the Bitcoin market. (CoinDesk)