Key Takeaways JPMorgan disagrees with the US Treasury’s prediction that the stablecoin market will reach $2 trillion by 2028. USDT and USDC account for over 60% of the current stablecoin market, which JPMorgan expects to only double or triple in size. JPMorgan isn’t buying into the $2 trillion stablecoin hype. Despite growing political and institutional
As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a
Block joined the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron, a reshuffle that sent Block’s stock up 10.7% from the July 18 open of $72.01 to $79.69 by press time. The company announced the addition on July 18, prompting investors to position ahead of index-tracking funds
Arkham has cleared up the confusion around the U.S. government’s cryptocurrency holdings after alarm spread throughout the cryptocurrency community following the release of public records from the U.S. Marshals Service. The blockchain data tracking firm, Arkham Intelligence, has compiled data showing the U.S. government’s Bitcoin holdings across several agencies to clarify the confusion around the
Terminus, a leading payment platform that bridges crypto with real-world transfers, has recently commenced a new strategic partnership with KaJ Labs, a non-profit platform to advance Web3 and AI infrastructure initiatives. The collaboration between Terminus Network and KaJ Labs focuses on redefining on-chain intelligence and decentralized commerce. As per the announcement, with this joint effort,
A growing number of traditional companies are beginning to experiment with digital assets as part of their corporate treasury strategies, signaling a shift in how businesses view crypto’s role in financial management. This week alone, companies from sectors as diverse as agriculture, consumer manufacturing and even a nearly 80-year-old Japanese textile company announced allocations to
Crypto hedge fund Asymmetric Financial is pivoting away from liquid trading strategies following sharp underperformance and public backlash from investors. In a post shared on X Wednesday, CEO Joe McCann acknowledged that the fund’s current approach “is no longer serving our LPs” and confirmed that Asymmetric will begin transitioning capital away from liquid trading into
Jack Dorsey’s Block (XYZ) has started adding the first customers for its Bitcoin payments service, just as the firm joins the S&P 500. Shares of the NYSE-listed company, which owns Square, Cash App, and TIDAL, closed up 0.5% but have risen more than 14% over the past week. Dorsey stepped down as CEO Twitter, the
US-based publicly traded pharmaceutical company MEI Pharma has raised $100 million in private equity capital, adopting a new corporate strategy focused on Litecoin (LTC). The company sold 29,239,767 shares at $3.42 per share, raising a total of approximately $100 million. Litecoin Foundation founder Charlie Lee led this private equity raise and was joined in the
In his latest analysis of Bitcoin’s supply dynamics, cryptocurrency analyst Axel Adler noted that the market is still in the early stages of the macrocycle. According to Adler, the return of Bitcoins, which have been dormant for a long time, to circulation provides striking signals on the supply side, but the majority of investors are