NUMEUS GROUP

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We're proud to announce a landmark tripartite agreement further demonstrating our mission to enhance institutional crypto trading. This collaboration enables FORTEUS, under NUMEUS GROUP, to access OKX's advanced trading platform while maintaining assets in Komainu's regulated custody. Key features of this partnership: 1️⃣ Qualified custody services and cold storage by Komainu 2️⃣ 24/7 access to OKX's Liquid Marketplace 3️⃣ Off-exchange settlement capabilities 4️⃣ Tripartite mirroring solution 5️⃣ Seamless trading without constant asset movement Read the full announcement ➡️ https://bit.ly/3ZkOtAd

Our off-exchange solution with OKX has attracted a range of institutions seeking a secure and innovative way to trade OKX products. We are delighted to support FORTEUS, part of the NUMEUS GROUP, in accessing OKX's advanced trading platform, while their assets remain in secure and segregated custody with Komainu. Available 24/7, this solution offers clients optimised capital use through real-time collateral mirroring and intraday settlement modes, enhancing liquidity and trading efficiency. We are committed to building a high-quality network for our clients. Through our industry-leading custodial offering and OKX’s robust trading infrastructure, we are delivering a frictionless, segregated, and secure experience for our clients. If you'd like to hear more about our off-exchange solutions, please get in touch with the Komainu team: https://lnkd.in/dMHNT5jg

We are proud to announce a groundbreaking tri-party agreement between FORTEUS, OKX and Komainu, designed to set a new standard for secure and efficient asset management in the crypto space. This collaboration is a significant milestone, offering clients a uniquely robust trading environment. 🔵 Unmatched Security: Client assets are safeguarded with a regulated custodian, ensuring institutional-grade protection. 🔵 Round-the-Clock Market Access: Investors enjoy 24/7 trading opportunities through a seamless off-exchange settlement process. 🔵 Counterparty Risk Mitigation: By separating asset custody from trading, this solution directly addresses a key investor concern, providing confidence to access crypto's rich alpha potential. This innovative arrangement combines the best of regulated custody and trading efficiency, ensuring that our clients benefit from the highest standards of trust, security, and performance. At Forteus, we remain committed to building safer, smarter products that empower investors to thrive in the dynamic crypto markets. 🔗 Full announcement here: https://lnkd.in/dBFAuQcY

A New Era for Crypto The recent US presidential election could be a defining moment for the digital asset industry. With Donald Trump returning to the White House, here's what the crypto space might expect under this new administration: 🔹 Crypto-Friendly Regulation: Promises to make the US the “crypto capital of the world,” enabling innovation and institutional adoption. 🔹 Congressional Support: A pro-crypto Congress in a strong position to reshape blockchain policies, reversing years of restrictive approaches. 🔹 Greater innovation and adoption of blockchain technology and crypto assets in the US. 🔹 Traditional financial institutions likely to become more involved after having built capabilities behind the scenes It will likely be well into 2025 before relevant policies can be meaningfully debated in Congress, but the general direction is clear and a significant win for the industry. Markets have taken notice: 📈 New all-time highs: Bitcoin broke out of the range and surged past $90,000 (graph below), with Altcoins following as they stand to gain even more from constructive regulations in the future 💰 Institutional Momentum: Record-breaking inflows of $4.2B into Bitcoin and Ethereum ETFs in the 5 days since the election and record volumes traded on CME futures 🌟 What’s Next? Explore the full report below for insights into potential policy shifts, the process to get there, and what this means for the future of blockchain and crypto markets. Download the Full Report 👇 https://lnkd.in/d63KURjH

The Rising Tide: Corporations and Endowments Embracing Bitcoin In recent years, we've seen a shift in how institutional investors perceive Bitcoin (BTC). With it becoming an asset worth over $1tr, what was once considered a fringe market is now becoming a mainstream component of corporate and endowment portfolios. These are exactly the type of entities we continue to expect to adopt BTC allocations in the short-to-medium term, which will solidifies BTC's bid in becoming a de-facto reserve asset rivalling Gold. Whilst Trump's plan with regards to setting up a strategic reserve asset in BTC is welcome news, we assign a lower likelihood of such drastic policies enacted and instead expect the aforementioned entities to contribute a larger portion of future flows. Below are just some of the entities (unexclusive list) that have allocated sizeably to digital assets, often as a first mover within their institution type with some of their bets paying off handsomely. 📍University Endowments 1) Harvard: With over $50bn of AUM, Harvard is not new to digital assets having invested in Blockstack as far back as 2019. It currently has >40% of its assets in illiquid PE, with such a heavy allocation in alternatives it could benefit even more from BTC diversification. 2) Stanford, Yale and MIT: Various reports since 2018 have noted that these Ivy league endowments are exposed to alternative crypto currencies. 3) Emory: In a recent SEC filing late, Emory reported owning >$15m of Grayscale Bitcoin Trust. 📍State Pensions and Sovereigns: 1) Bhutan: Bhutan holds >$900m of BTC. The country's BTC holdings represent nearly a 1/3rd of GDP and were gained through mining operations. 2) El Salvador: El Salvador became the first country in the world to use BTC as legal tender in 2021. With remittances accounting for >1/5th of GDP, encouraging permissionless money transmission was a natural next step. The country controls >$340m of BTC. 3) Wisconsin, Michigan and Florida State Pension: Florida State Board of Administration which controls over $245bn in assets and over $800m in crypto-related investments has been called on to increase its crypto allocation. Similarly, Wisconsin and Michigan Retirement System have purchased >$160m and $6.6m in Bitcoin ETFs this year respectively. 📍Corporations: - MicroStrategy: The enterprise software business has been in the public eye for some time, having recently announced a mega-round of capital raising of $42bn in equity and debt in the next three years. Its holdings have now reached >252,220 BTC. - Tesla: The autocar manufacturer announced in its latest earnings report it continues to hold 11,509 BTC valued at ~$770m. - Others: Many other corporations continue to purchase BTC seeing it as an alternative home to uninvested cash e.g. Meitu, Nexon. Others such as Microsoft will have a shareholder vote on the viability of investing in BTC which has brought further publicity.

The Bridge Panel Spotlight: The LP Landscape for Digital Assets will explore the evolving role of LPs in digital asset investment strategies. We’ll discuss how LPs are navigating the crypto space, how their approach has shifted over time, and the changing dynamics of capital flows in the broader digital asset ecosystem. Speakers include: • Rabia I., Managing Partner, Nural Capital (Moderator) • Michael Ashby, CEO, ALGOQUANT • Matthew Shapiro, Partner, Multicoin Capital • Paul Brodsky, Partner, Pantera Capital • Mitchell Ulman, Partner & Chief Operating Officer, NUMEUS GROUP Explore our agenda and speakers, and request your ticket to attend on our site: bridge.thetie.io #TheTieBridge

🟠 Bitcoin Mining in a Post-Halving World 🟠 With Bitcoin's recent halving reducing daily rewards to 450 BTC, miners are navigating new economic realities. Here's a snapshot of the current landscape and RIOT's position: Global Mining Competition: The global hashrate has surged to 769 EH/s, reflecting intense competition for the reduced block rewards. RIOT's Share: RIOT controls 22 EH/s, or 2.86% of the global hashrate, equating to ~12.86 BTC mined daily. 📍 Cost Efficiency Advantage: RIOT's all-in cost per BTC: $39,437 Electricity rate: $0.025 per kWh Compared to miners paying $0.04 per kWh, RIOT achieves 42.9% profit margins, significantly higher than less efficient operations. 📍 Profit Breakdown (BTC @ $69,000): Daily revenue: $887,340 (12.86 BTC × $69,000) Daily costs: $507,387 (12.86 BTC × $39,437) Daily profit: $379,953 Electricity Costs and Operational Expenses Post-halving, electricity prices are a crucial factor in determining mining profitability. Here’s a breakdown of roughly estimated daily operational costs per Bitcoin at different electricity rates: 📍 $0.08 per kWh: Estimated daily operational cost per Bitcoin: $93,600 📍 $0.06 per kWh: Estimated daily operational cost per Bitcoin: $70,200 📍 $0.04 per kWh: Estimated daily operational cost per Bitcoin: $46,800 Stay tuned for part two, where we dive deeper into the distribution of mining costs across the global network, revealing how much of the daily 450 BTC is mined at various cost levels. We've only covered the most efficient miners so far, who account for just 2.86% of the daily mined BTC.

Bitcoin's foundational principle of decentralization is increasingly challenged as a significant portion of its supply becomes concentrated among large custodians and institutions. Major exchanges like Coinbase (holding approximately 4.93% of the total supply), Binance (3.38%), and investment firms such as Grayscale Investments (holding around 3.16%) are accumulating substantial amounts of Bitcoin. This trend raises valid concerns about potential centralization within the Bitcoin network. 🟠 BTC Holder Concentration - Coinbase holds about 4.93% of the total supply directly. - Grayscale Investments holds approximately 3.16%, with its Bitcoin stored using Coinbase Custody. - BlackRock, through its Bitcoin ETF holds 1.84% Bitcoin with Coinbase Custody. - U.S. Government, specifically the U.S. Marshals Service, has selected Coinbase to manage and trade its seized cryptocurrency assets which amount to 1.01%. By aggregating these holdings and custodial relationships, Coinbase Custody oversees a substantial portion of the total Bitcoin supply, potentially exceeding 9%. This consolidation amplifies concerns about centralization within the Bitcoin ecosystem. 🟠 Impact of Bitcoin ETFs The introduction of Bitcoin ETFs by major financial institutions like BlackRock could further centralize Bitcoin ownership: - ETFs accumulate large amounts of Bitcoin under institutional control, potentially limiting individual access to directly owning the asset. - Institutions managing these ETFs may gain significant influence over market dynamics due to the volume of Bitcoin they control. 🟠 Risks of Centralization - Centralization conflicts with Bitcoin’s core principle of a decentralized network free from control by any single entity. Large holdings by institutions like Coinbase, coupled with entities like BlackRock and the U.S. Government utilizing Coinbase Custody, could lead to a power imbalance within the ecosystem. - Dominance by institutions and ETFs may enable them to exert undue influence over market movements and decisions, potentially affecting the network's integrity and market fairness. 🟠 Community Safeguards Against Centralization - While developers are pivotal in maintaining and updating the Bitcoin network, they cannot enforce changes without broad community consensus. If centralization poses a significant threat, the developer community, alongside miners and nodes, could advocate for a fork to create a version of Bitcoin that upholds decentralized principles. - Initiating a fork to counteract centralization would require widespread support from the Bitcoin community, including developers, miners, exchanges, and users. This collective action could help maintain Bitcoin's foundational values. Although institutions like Coinbase have demonstrated leadership in supporting the ecosystem and resisting regulatory challenges, there is an urgent need for large centralized entities to enhance transparency.

🟠 Why BabylonLabs' Solution Isn't Equivalent to Earning More Bitcoin 🟠 In the dynamic world of cryptocurrency, innovative platforms like BabylonLabs are offering new ways to generate yield from our Bitcoin (BTC) holdings. At first glance, the prospect of earning additional returns on BTC is enticing. However, it's crucial to critically assess whether these solutions genuinely help us accumulate more BTC or introduce unnecessary risks with limited upside. 🟠 Yield in Altcoin Tokens vs. Bitcoin BabylonLabs enables users to stake or lend their BTC to earn yields. The catch? The returns are often paid out in altcoin tokens rather than in BTC itself. Here's why this is a significant concern: 📍 Inflationary Nature of Altcoins: Many altcoins have high inflation rates, meaning their supply increases over time. This can dilute the value of the tokens you receive, negating the benefits of the yield earned. 📍 Market Volatility and Liquidity Risks: Altcoins are generally more volatile and less liquid than BTC. The tokens you earn may fluctuate wildly in value or be challenging to sell without impacting the market price. 📍 Sustainability Doubts: The demand for certain altcoins can wane if retail investors aren't actively engaging with them. Without sustained interest, the value and utility of these tokens could diminish rapidly. 📍 Risks to Your Bitcoin Holdings By participating in such yield-generating schemes, you're potentially exposing your BTC to several risks: 📍 Custodial and Security Risks: Handing over your BTC to a third-party platform introduces the risk of hacks, fraud, or mismanagement. Regulatory Uncertainty: The regulatory landscape for crypto platforms is still evolving. Changes in regulations could affect the platform's operations and your access to funds. 📍 Smart Contract Vulnerabilities: If the platform relies on smart contracts, bugs or exploits could lead to significant losses. 🟠 Is the Trade-Off Worth It? For many, BTC is viewed as a long-term store of value—a hedge against inflation and economic uncertainty. Sacrificing this for potentially depreciating altcoin tokens may not align with the investment goals of those looking to accumulate more BTC. Unless there's a significant shift with retail investors flocking back to altcoins, the demand and, consequently, the value of these tokens may remain subdued. Conclusion While platforms like BabylonLabs are pushing the boundaries of what's possible in crypto finance, it's essential to align their offerings with your investment objectives. If your goal is to accumulate more BTC, earning yields in inflating altcoin tokens may not be the optimal path. Let's focus on strategies that truly enhance our BTC holdings without compromising on security and long-term value. 🔗 Read more on our Bitcoin research here: https://lnkd.in/dHBGJ9iw