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Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and read what experts say about Bitcoin (BTC), which is progressively emerging as a focal point for investors seeking asymmetric opportunities. Amid rising institutional adoption, we see a growing narrative that Bitcoin could offer unparalleled returns relative to the risks involved.
Bitcoin has emerged as a focal point for investors seeking asymmetric opportunities. Lawrence Lepard, a prominent figure in the investment community, recently reiterated his stance on the pioneer crypto.
Lepard, famous for his staunch advocacy of sound money principles and author of The Big Print, described Bitcoin as the most asymmetric bet he has encountered in over four decades of investing.
“I’ve long contended that anybody who has zero Bitcoin is really really missing the most asymmetric bet that I have ever seen in forty-plus years of making,” TFTC reported, citing Lepard in an interview with KITCO News.
Lepard’s argument centers on the concept of an asymmetric bet, where the potential reward significantly outweighs the risk. Financial analyses support this perspective and highlight Bitcoin’s ability to diversify portfolios.
This assertion reflects the growing narrative that Bitcoin could offer unparalleled returns relative to the risks involved.
Lepard’s comments come after Bitcoin’s role as a hedge against inflation and economic instability is increasingly recognized. A recent US Crypto News publication cited Bitcoin’s role as a hedge against traditional finance (TradFi) and US treasury risk.
Bitcoin has demonstrated the potential for exponential growth, with early investors witnessing significant returns.
“By 2025, Bitcoin’s price has surged to over $105,000, a 1,400% increase from the $7,000 mark in 2017,” a user on X noted.
Despite its volatility, the pioneer crypto’s capped downside risk, limited to a 100% loss, contrasts sharply with its unlimited upside potential. According to Lepard, this makes it an attractive option for risk-tolerant investors.
“Every commodity in the world, if you increase its price, supply goes up. If gold went to ten thousand tomorrow, we’d mine more gold. If corn went up, if oil went to two, three hundred dollars a barrel, we drill for more oil. You would get a higher price. You would get more. No matter where the price of Bitcoin goes, the issuance schedule is set. There’s not going to be any more,” Lepard added.
Lepard’s endorsement of Bitcoin aligns with broader market trends. Once skeptical, institutional investors are increasingly integrating Bitcoin into their portfolios, driven by its decentralized nature and fixed supply of 21 million coins.
This shift is part of a larger conversation about Bitcoin’s role as a store of value, akin to gold, especially in the face of global economic uncertainties. With this, Lepard says owning a single Bitcoin (1 BTC) will not be easy in a few years.
“Being a wholecoiner is going to be an enormous deal in a few years,” he stated.
This chart shows Bitcoin price action since 2022, showing investors have reaped large gains over the years.
Here’s a summary of more US crypto news to follow today:
| Company | At the Close of May 23 | Pre-Market Overview |
| Strategy (MSTR) | $369.51 | $366.32 (-7.50%) |
| Coinbase Global (COIN) | $263.16 | $261.54 (-3.23%) |
| Galaxy Digital Holdings (GLXY.TO) | $31.48 | $30.74 (-2.36%) |
| MARA Holdings (MARA) | $14.74 | $13.88 (-5.82%) |
| Riot Platforms (RIOT) | $8.55 | $8.18 (-4.36%) |
| Core Scientific (CORZ) | $10.68 | $10.53 (-1.39%) |
The post Sound Money Advocate Calls Bitcoin The Most Asymmetric Bet | US Crypto News appeared first on BeInCrypto.
GRVT co-founder Hong Yea left behind a rising executive career at Goldman Sachs to launch a hybrid crypto exchange as the market collapsed.
Four months after the mainnet, it has processed over $5 billion in volume. Yea tells BeInCrypto how his Wall Street roots helped engineer a decentralized trading powerhouse.
When Hong Yea left a decade-long career at Goldman Sachs, where he had risen to executive director, crypto markets were in freefall. It was late 2022, and FTX had just collapsed.
Confidence in centralized platforms had evaporated. But for Yea, the implosion was not a deterrent—it was validation.
“FTX crystallized our thesis. Centralized counterparties are single points of systemic failure. We saw that coming—and built GRVT to be the opposite,” Yea told BeInCrypto in an interview.
That conviction would be tested. While former colleagues moved toward managing director promotions and fatter bonuses, Yea built a next-gen exchange from scratch. One that would fuse institutional-grade speed and compliance with the decentralization ethos of Web3.
Today, just four months after its public mainnet launch, GRVT has processed over $5 billion in trading volume.
It is the first licensed decentralized exchange (DEX) under Bermuda’s Class M framework and one of the few platforms bridging Wall Street’s rigor with blockchain’s permissionless infrastructure.
For Yea, the pivot was not sudden. A trader by training, he spent years inside Goldman watching promising financial products die behind walled gardens.
“I saw brilliant tools and strategies that never reached beyond institutional silos. At the same time, DeFi lacked the risk controls, performance, and compliance needed to scale. I realized: if we could combine both worlds, we could unlock finance for everyone,” he explains.
The spark came at a 2022 crypto conference in Barcelona. Yea saw clearly that blockchain was not just speculative—it was a superior substrate for finance.
“It’s like a smarter internet. Not just for data, but for logic. Immutable, programmable, global. That’s what finance needs,” he articulates.
In the interview, Hong Yea presented GRVT as a purpose-built hybrid, not a traditional DEX or a centralized exchange with a Web3 gloss.
The platform, he said, separates matching and risk logic off-chain from settlement and custody on-chain. With this, users get the speed of centralized venues without ceding control of their assets.
“Every trade is executed with sub-millisecond latency, but settled on-chain via smart contracts that never touch user funds. It’s trustless execution at institutional speeds,” Hong Yea remarked.
Users sign trades cryptographically using SecureKey technology, which combines multi-party computation (MPC) with biometrics for maximum safety. At the same time, onboarding feels like Web2—email, password, 2FA.
Behind the scenes, GRVT’s zero-knowledge chain ensures privacy while keeping settlements transparent. Crucially, the platform allows users to instantly rehypothecate margin across markets—an edge even legacy prime brokerages rarely offer.
GRVT’s “CeDeFi” architecture combines off-chain order matching and risk management with on-chain self-custodial settlement using a private zk-powered Validium chain. It eliminates intermediaries, avoids on-chain custody fees, and enables users to maintain sole control of their assets.
“Trades execute in sub-millisecond latency but clear trustlessly in users’ own wallets,” Yea said.
This design directly targets the weaknesses of both CEXs and DEXs:
GRVT bridges that divide. Users sign trades with biometrics via a SecureKey while all assets remain in their wallets.
“We blend Web2 login flows with cryptographic controls and one-click trade signing,” Yea explained. “It’s the speed of Binance with the self-custody of Uniswap—minus the trade-offs.”
According to Hong Yea, GRVT’s explosive growth was engineered through raw performance, ecosystem incentives, and early partnerships. Its matching engine operates with latency under 10 milliseconds, outpacing Ethereum-based DEXs, Solana (SOL), and even newer Layer 2 solutions.
However, it is not just about speed. GRVT rewards market makers, community contributors, and liquidity providers, and creates a balanced, multi-stakeholder system.
Reportedly, more than 40 institutions, including CoinRoutes and top prime brokers, now trade on GRVT, injecting deep liquidity from day one.
Moreover, in a post-FTX playing field, the timing is opportune. Retail users demand transparency; institutions demand compliance. GRVT meets both demands without compromise.
“We’re not a niche. We’re a bridge. Retail wants safety, institutions want access. We offer a platform where both can trade on equal footing,” Yea added.
While most DEXs attempt to dodge regulation, GRVT leaned in. It became the world’s first licensed DEX under Bermuda’s Digital Asset framework.
“We treat compliance as code. Our chain enforces KYC and trade surveillance at the protocol level. That’s not just policy—it’s unbreakable,” Yea emphasized.
Reportedly, GRVT is now in active discussions with regulators across Asia, Europe, and North America, working toward multi-jurisdictional licensing for a globally compliant rollout. Yea believes this regulatory adoption is not a constraint but a critical enabler.
“Rules aren’t the enemy—they’re the gateway to institutional trust,” he stated.
Meanwhile, GRVT’s vision does not end with crypto trading. Yea sees a future where tokenized real-world assets (RWAs), including equities, funds, and institutional strategies, trade peer-to-peer (P2P) on a decentralized, composable platform.
While some in traditional finance (TradFi) remain skeptical of crypto, the institutional tide is turning. The window is reopening with MiCA (Markets in Crypto Assets) in Europe, Hong Kong’s digital asset push, and a softening US regulatory tone.
“Wall Street is warming up. However, this time, they will come not to dominate, but to integrate,” Yea concluded.
Building long-term trust on a blockchain may seem like a leap for a trader who once priced risk in microseconds. However, for Hong Yea, it was a calculated trade—and so far, it is paying off.
The post GRVT Hits $5 Billion: How Ex-Goldman Exec Pioneered a Hybrid Exchange Post FTX Crisis appeared first on BeInCrypto.
The United States Securities and Exchange Commission (SEC) has officially acknowledged the spot Dogecoin ETF filing from 21Shares, an update that has set the DOGE price on a bullish ride. This acknowledgement officially sets the 21Shares DOGE ETF product on the commission’s timeline for approval. Notably, the commission can take up to 240 days to approve or reject the ETF proposal.
With SEC acknowledgement, the 21Shares product now joins Grayscale Investments, which are also awaiting feedback from the US SEC. 21Shares filed for the DOGE ETF on April 9. Per the firm’s demand, it hopes to launch the product to provide exposure to the Dogecoin price with institutional investors as its target.
Though it is not sure that the commission will approve the fund like it did with Bitcoin and Ethereum ETFs, the recent acknowledgement suggests that a review process for the proposed ETF has kicked off.
The fund may be approved and launched later this year, considering the US SEC’s regulatory overhaul. Many crypto enthusiasts are optimistic that the new SEC leadership will hasten the review process.
With a pro-crypto Donald Trump-led administration and the confirmation of Paul Atkins as SEC Chair, the agency has become more receptive to crypto. This ‘benevolence’ could impact the 21Shares’ Dogecoin ETF filing.
Following the US SEC acknowledgment of the 21Shares spot Dogecoin ETF filing, the DOGE price jumped 6.29% in the past 24 hours to $0.2404. This rally comes despite the volatility recorded earlier in the trading hours. However, the coin has pared off all short-term and long-term losses, with its 7-day price growth at 42.19%.
The price jump aligns with Rekt Capital’s recent analysis on the future of the canine-themed memecoin. Per the earlier DOGE price analysis, Rekt Capital noted that the coin could rally to $0.27 because it can hold support at the $0.22 price level amid an ongoing bullish shift in the market.
Beyond the Dogecoin ETF push, other asset management firms are waiting for related acknowledgment from the market regulators on their ETF applications. As reported earlier by CoinGape, Bitwise filed to list a spot NEAR ETF with the US SEC about a week ago.
With the current trend that has seen other top altcoins like Binance Coin, XRP, and Cardano jostling for ETF listings, market analysts have highlighted high odds of listing these alternative products.
The post Breaking: Spot Dogecoin ETF Advances to Review Stage; DOGE Price Spikes appeared first on CoinGape.