Bernstein Predicts Crypto Bull Market Extending to 2027 as Tether Taps Trump Adviser Bo Hines to Lead U.S. Expansion

Former White House Crypto Adviser Bo Hines Joins Tether to Lead U.S. Expansion, Strengthening Ties With Trump Administration as Stablecoin Rivalry With Circle Heats Up

Former senior White House official Bo Hines, who played a key role in advancing President Trump’s crypto agenda, is joining Tether to lead its U.S. expansion. Hines’ move comes shortly after helping pass landmark stablecoin legislation and following months of speculation over his private sector future. Tether, the world’s largest stablecoin issuer with a $167 billion USDT market cap, has been building ties with the Trump administration as it prepares to operate under the new U.S. regulatory framework. His appointment strengthens Tether’s U.S. ambitions and its political connections at a time of heightened competition with Circle, which recently went public.

Bernstein Sees Crypto Bull Market Running Through 2027, Raises Targets for Robinhood to $160, Coinbase to $510, Circle to $230, Bitcoin Forecast at $150K–$200K

Bernstein analysts project the current crypto bull market could run until 2027, extending beyond the typical four-year cycle, fueled by U.S. policy backing and rising institutional adoption. They forecast Bitcoin reaching $150,000–$200,000 within a year and expect the next growth phase to be led by Ethereum, Solana, and DeFi tokens. Bernstein raised its targets for Robinhood ($160), Coinbase ($510), and Circle ($230), citing surging volumes, acquisitions, and stablecoin growth. Analysts see Coinbase evolving into the “AWS of crypto” and project USDC supply could grow to $173 billion by 2027.

Survey Finds 52% of Crypto Participants Distrust Market Makers, Report Highlights Risky Token Deal Structures and Calls for Transparency Reforms

A global survey of over 2,000 crypto participants across 98 countries finds that 52% do not trust crypto market makers, with 70% willing to “join the prosecution” if market makers were held accountable for harming the ecosystem. The State of Crypto Market Making – 2025 report, commissioned by LO:TECH, highlights structural risks in token liquidity agreements, including “Option + Loan” deals that can enable token dumping and engineered price swings. Respondents cited transparency and enforceable contracts as key to rebuilding trust, while token founders are urged to evaluate market makers carefully, set clear KPIs, and choose simpler deal structures. LO:TECH emphasizes its KPI-driven, real-time visibility services as a solution to these trust gaps.

SharpLink Acquires 143,593 ETH for $667 Million, Boosting Holdings to 740,760 ETH Worth $3.2 Billion, Nearly All Staked for Yield

SharpLink Gaming, now focused on Ethereum treasury management, has purchased an additional 143,593 ETH for $667 million at an average price of $4,648, bringing its total holdings to 740,760 ETH valued at nearly $3.2 billion. The Nasdaq-listed firm, chaired by Ethereum co-founder Joe Lubin, ranks as the second-largest ETH treasury company after BitMine Immersion Tech. SharpLink raised $537 million last week and retains $84 million in cash yet to be deployed. Nearly all of its ETH is staked, generating 1,388 ETH in rewards to date. Despite posting a $103 million Q2 net loss, SharpLink emphasizes its strategy of aggressive ETH accumulation, staking, and yield generation to compound value for shareholders.

Robinhood Expands Prediction Markets to NFL and College Football, Adds Trading on Weekly Matchups as Stock Climbs Over 400% in Past Year

Robinhood is expanding its prediction markets to include professional and college-level football games, allowing customers to trade outcomes of NFL matchups and games from all Power Four schools. The rollout will begin with the first two weeks of the regular seasons before expanding to weekly games. Unlike traditional sports betting, Robinhood’s model enables users to trade against each other to set prices, with markets open daily from 8 a.m. to 3 a.m. ET. The company, which has already seen over 2 billion contracts traded since launching prediction markets last year, views sports wagering as a major growth opportunity. Robinhood’s stock has surged more than 400% in the past year.