The Daily Hooligan: Crypto, Finance, and Web 3.0
Digital Asset Prices Possibly Completed Heaviest Selloff, Claims Pantera Capital's Chief Partner - Here's His Forecast
Hey there, crypto enthusiasts! Welcome to The Daily Hooligan, your go-to source for everything crypto. Today, we've got some exciting insights from Cosmo Jiang, General Partner at Pantera Capital, about the state of the crypto market. Buckle up!
Cosmo's Corner
Despite the significant correction since Bitcoin hit an all-time high in January, Cosmo Jiang still sees a bullish year ahead for crypto. He believes that the worst of selling might be behind us, even with the macroeconomic headwinds looming over the industry[1].
"Even though this quarter has presented sizeable macro forces, causing a notable risk appetite pullback, the biggest overhang continues to be the uncertainty around tariffs and their global economic impact. Despite the ongoing uncertainty, historically low sentiment indicators suggest we may have passed the most aggressive selling point."
In the short term, digital assets have demonstrated resilience compared to other assets. For instance, in April, Bitcoin and Solana outperformed equities as they started to show relative outperformance on a very short time frame[1].
"Over the short term, we are starting to see signs that digital assets are performing better on a very short time frame. April month-to-date, digital assets have shown relative outperformance versus equities and the dollar. It's early, but it's possible that, just as digital assets were the first to pull back, they may also be the first to bottom out and rebound."
However, crypto prices currently do not reflect the positive developments the industry has seen, such as a more friendly U.S. regulatory environment and the establishment of a Strategic Bitcoin Reserve[1].
"Arguably, crypto had the most positive headlines in its history, many of which are structural changes, and yet it had its worst quarter of performance since 2018. We believe the good news is definitely not priced in and may just be overlooked by a skittish market."
So, hang in there! The market could be on the brink of a rebound, according to Jiang.
The Daily Scoop
That was an overview of Cosmo's bullish forecast for crypto. Now let's go through the latest industry announcements:
- aZen Secures Funding and Web 3.0 Grants: aZen secured a $1.2 million seed round and grants to build DePIN for ubiquitous AI after onboarding 600,000 users[2].
- Bitcoin Seoul 2025: The conference gathers global industry leaders for Asia's largest Bitcoin-focused conference[3].
- FLOKI and Rice Robotics: The partnership brings an AI companion robot with token rewards to the table[3].
- STEPN and Argentina Football Association: They announced their latest NFT drop[3].
- BYDFi and Ledger Collaboration: Ledger will launch a limited edition hardware wallet for BYDFi at TOKEN2049 Dubai[3].
- Grindery Telegram Wallet Infrastructure: The team behind the popular Telegram wallet reveals its infrastructure for AI agents[3].
- Common Launches Privacy Web App: Common launches the first privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM[4].
Don't forget to check out our latest stories, FAQs, and submit your guest post on The Daily Hooligan! Happy trading, and as always, remember: The Daily Hooligan does not provide investment advice; make sure to do your own research before investing in cryptocurrencies.
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Disclaimer:
Opinions expressed here are not financial advice. Investors should conduct their own due diligence before making any high-risk investment decisions in Bitcoin, cryptocurrency, or digital assets. Please be cautious since transfers and trades carry risks, and any losses you may incur are your responsibility. The Daily Hooligan is not an investment advisor and may participate in affiliate marketing.
References:[1] Pantera Capital General Partner Optimistic About Crypto Market Despite Ongoing Macroeconomic Challenges
[2] aZen Secures $1.2 Million Seed Round and Web 3.0 Grants To Build DePIN for Ubiquitous AI After Onboarding 600,000 Users
[3] Industry Announcements: April 30, 2025
[4] Common Launches First Privacy Web App With Subsecond Proving Times for Arbitrum and Aleph Zero EVM
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- Despite the uncertainty surrounding tariffs and their global economic impact, Cosmo Jiang of Pantera Capital believes the crypto market might have passed the most aggressive selling point, indicating a potential market rebound.
- In his optimistic forecast, Cosmo Jiang sees a bullish year ahead for cryptocurrency, highlighting the positive developments in the industry such as a friendlier U.S. regulatory environment and the establishment of a Strategic Bitcoin Reserve.
- Even though Bitcoin and other cryptocurrencies experienced significant corrections since hitting all-time highs in January, digital assets have shown resilience compared to other assets.
- Cosmo Jiang believes that the good news in the crypto industry is not priced in, hinting that overlooked positive developments could drive prices up in the near future.
- In the world of altcoins, Ethereum might not be overlooked as stories about positive developments and industry announcements continue to spread, providing ample opportunities for investing in the finance sector.
