JPMorgan Chase launches 'On-chain Yu'ebao', but the threshold is 'You need to have 1 million dollars'
In simple terms, it's Wall Street's old-money tycoon JPMorgan Chase creating a 'digital version of government bond investment' on Ethereum.
1. What is this?
· You can understand it as 'Blockchain Yu'ebao'. They raised 100 million dollars, mainly to buy US government bonds for interest income. · But not everyone can buy it, the starting price is 1 million dollars, exclusively for wealthy individuals and institutional players. · You pay (in cash or USDC stablecoin), and they issue you a 'Deposit Certificate Token' (MONY), which is directly placed in your crypto wallet.
2. What's new about it?
· Fast transactions: On-chain transfers are quicker than traditional banking systems. · Transparency: Your 'Deposit Certificate' is clearly visible on-chain, impossible to forge. · Compounding: Interest automatically rolls in daily, generating compound interest. · Possibly more 'useful': In the future, this 'Deposit Certificate' might be used as collateral in DeFi to borrow money, a way to make money in various forms.
3. What impact does it have on the crypto space?
· Ethereum: There’s a legitimate business added, 'on-chain rent collection' business volume +1 (Gas fees may slightly increase). In the long run, more 'regular armies' might come to open shop. · Stablecoin USDC: Achieved 'JPMorgan Chase official recharge channel' certification, making its status more stable. · ETH price: Don't get too excited. This product earns dollar interest, not profits from trading coins. The wealthy are here to invest, not to pump prices. So, the impact on ETH prices is 'a long-term ticket, but doesn’t care about short-term surges'.
4. What signals does it send?
· Big players entering: With JPMorgan Chase setting up shop on-chain, it indicates that 'bringing real assets onto the blockchain' is a consensus on Wall Street, no longer a fringe play. · The space is heating up: This is called RWA (Real World Assets), and the total scale has exceeded 30 billion dollars, with Ethereum as the main battlefield.
In summary: JPMorgan Chase has opened a 'Millionaire Exclusive Government Bond Convenience Store' on Ethereum. This is 'high-end advertising' for the blockchain industry, proving that this technology indeed has commercial value. But for ordinary retail investors, it's 'just something to look at', because you can't afford it, and it won't temporarily boost coin prices. It belongs to 'the building materials of a bull market, but not the explosives to ignite the bull market'.
As for the Ethereum market today (December 22), the current market performance is indeed declining, having fallen below the critical psychological level of $3,000. According to Binance # market data**, as of 10:05 AM Beijing time today, the ETH/USDT price is **$2,998.98**, although there is a slight increase of 0.83% within 24 hours, the price is in a declining state compared to the previous highs.
Here is an overview of the recent market situation based on search results, which helps to understand the current market background:
**1. Overall Market Capitalization and Fund Flow** * **Global Cryptocurrency Total Market Capitalization**: This week (12.15-12.21) is $3.09 trillion, down **4.03%** from last week. * **Ethereum Spot ETF Fund Flow**: This week (as of December 21), the U.S. Ethereum Spot ETF has **net outflow of approximately $643 million**.
**2. On-Chain Activity Data for Ethereum** * **Daily Trading Volume on On-Chain DEX**: This week **fell 26.74%**, ranking among the largest declines in major public chains. * **Daily Active Address Count**: This week **increased 28.12%**, indicating that the user base is still expanding.
**3. Market Sentiment Indicators** * **Cryptocurrency Fear and Greed Index**: As of December 21, the index is **24**, in the **“Fear”** zone.
### 📈 Analyst Perspective: Short-Term Direction Key at $3,017 Regarding the upcoming trend, technical analysis provides a key observation point. According to FXStreet's analysis today (December 22): * **Key Resistance Level**: The Ethereum price is approaching the **daily resistance level of $3,017**. * **Two Possible Scenarios**: * **Bullish Scenario**: If ETH can successfully break through and **close above $3,017** on a daily basis, it may initiate a recovery rebound towards **$3,447** (the high on December 10). * **Bearish Scenario**: If the price is resisted at $3,017 and falls back, it may continue to test the critical support level of **$2,749**.
### 💎 Summary and Suggestions Overall, Ethereum is in a declining state today, and the overall market performance is weak, showing a trend of “decreasing volume decline,” where trading activity decreases but the price continues to fall. The short-term price direction largely depends on whether it can effectively break through the technical resistance level of **$3,017**.
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🔥$ACT consolidating with a clear bearish bias right now—watch this setup closely! 📉
Rallied 64% from the 0.020 lows with solid volume (2.2-4.1B) showing institutional buying, but now hitting resistance hard at 0.035-0.041. That recent rejection at 0.04105 formed a nasty bearish pin bar on daily + upper Bollinger rejection. RSI looking overbought too.
Capital flow divergence: short-term contract inflows (bullish positioning) but big 24h contract outflows (-3.16M) + spot outflows (-1.32M) screaming profit-taking.
My take: Cautious short $ACT – high-probability setup.
Ripple $XRP : trading around $1.94. There is strong optimism due to significant accumulation by major wallets, as investors see the current price as an opportunity before a potential breakout. #Write2Earn #Binanceholdermmt #USChinaDeal $AVNT $EPIC
When will the overall market trend turn bullish for the cryptocurrency market on $SOL ? I believe we still need to take SOL as the barometer. In the short to medium-term trends over the past two years, SOL's rebounds after pullbacks and pullbacks after rebounds have generally occurred a step earlier than BTC, and the current situation is no different. The MACD fast line for SOL's 15-day line has already reached zero, while BTC only reached zero on the MACD for the 10-day line on Thursday. #SOL上涨潜力
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🚨 BTC Life and Death Watershed Has Arrived! 90,000 Decides Direction Choice
Many people have already started chasing long positions, but BTC's true trend position has not yet stabilized.
⚡ BTC Today's Key Level: 90,000
The current structure remains a high-level oscillation, and sentiment is ahead, while the direction is still waiting for confirmation.
📌 Upper Pressure: • 90,000 Core Level of Long and Short Battle • 95,000 – 98,000 Major Distribution / Extreme Pressure Zone
📌 Lower Support: • 85,000 First Defense Level • 80,000 Last Line of Defense for Bulls
📉 Operational Logic: • Do not chase long below 90,000, chasing long is like paying tuition to the market • If a rebound faces pressure, you can try short with a light position, strictly set stop-loss • If it stabilizes around 85,000 after a pullback, then consider gradually entering long
Market does not fear oscillation, fearing is that you operate without discipline in the oscillation.
Send 10,000 red envelopes $BNB to celebrate with more military friends
$BTC $ETH Buy on dips, what to short Various data has already hit new lows in the past four to five years Even the bear market investors are puzzled, the little bulls have already made their presence known Bitcoin at 90,000, Ethereum steady at 3000 After several increases last week, it's pulling back again, a group of people has been trained well, after the massacre, it heads north all the way