The JPMorgan CEO Jamie Dimon has emphasized that stablecoins might be much more effective in relation to international payments, compared with the existing systems.
$USDT , $USDC
His remarks are an indication of a significant change in the attitude of the traditional finance to digital assets.
As indicated by Dimon, stablecoins have lower transaction friction and settle faster, which is why they are a strong choice of cross-border transfer. This efficiency has the potential of redefining the international payment infrastructure when implementation is persisting.
It is also indicative of the growing convergence between large banks and the crypto sector as his claim indicates that more and more payment railways are needed quicker and cheaper. Stablecoins are taking a center stage in that discussion.
Altogether, the statements of Dimon support the notion that digital assets and stablecoins, in particular, are on the verge of becoming part of the mainstream of financial integration, and international payments are probably one of the first fields that have to be changed.
Officially, the SEC has terminated the two-year investigation of $ONDO , which is a significant milestone to Ondo Finance.
This decision is seen to remove a huge cloud of uncertainty that had been looming over the project over a long period.
Having closed the probe, $ONDO Finance now has a clear way to push its U.S. tokenization without regulatory pressure slowing it down. This may pave the way to the accelerated growth and expansion in the US market.
The news is viewed as a big regulatory victory of $ONDO and a good omen to the tokenization industry in general. It also strengthens confidence of projects that are in the quest of compliant real-world asset integrations.
All in all, this trend sets ONDO in a better trajectory towards greater growth in the future as it enters the next stage of growth.
Bitcoin and large altcoins have recently registered an enormous surge in 24-hour trading volumes, and this is an indication of a robust rebound of the market activity. $BTC volumes surged by 103 percent and $ETH surged even higher by 113 percent.
Solana was also remarkably strong with 129 percent volume spike and $XRP performed better than this group with a 134 percent increase. These upsurge jumps are indications of new interest among the traders and new energy in the market.
These steep gains are early warning signs of sentimental change, particularly when several leading assets are correlated. It indicates that liquidity and participation is returning to the crypto space.
As the volumes are heating up across the board the question of whether this is the beginning of a new market push now becomes the big question. To a great number of people it seems as though the life has come back.
$BTC has already positioned above one of the most crucial CME gap zones at between 89,400 and 89,800, and traders are closely watching this area.
Such holes can serve as an attractant to price movements, particularly in times of high volatility.
This is especially important, as almost 95 percent of all CME gaps were filled within the same week over the last six months.
As $BTC is used to doing, a retrace back to this range is a very likely short-term trend.
Players in the market are observing keenly whether $BTC will go down to seal this gap before trying another upward leg. This technical aspect may be a significant factor in the future course of BTC.
In recent days, whale movements around $FF have become more intense as the key holders are pulling out 48.43 million $FF tokens in large volumes of significant exchanges.
Arkham reports that the sum of these withdrawals is about $5.49 million and this indicates a significant change in on-chain behavior.
This trend of accumulation has been observed in three large stores, Binance Bit get and Gate.io, indicating that big investors are setting up to make a possible subsequent move.
The removal of assets by the whales when they are off exchanges is usually an indication of the long-term holding of assets, or planning of a strategic action.
The manner in which these withdrawals are being done has drawn the attention of the traders who are closely monitoring the liquidity and market sentiments of $FF .
These movements have the potential to affect the supply forces and create hype regarding what could be happening behind the scenes.
At present FF has returned to the attention of the market watchers and the upcoming days may show whether this whale activity was the beginning of the new trend.
$ETH has just witnessed three massive long positions opened by three key whales, which is an indication of a market being bullied.
Lookonchain reports that these traders placed long bets totaling over 432 million dollars worth of $ETH and the market was sent into a frenzy.
One whale has opened a position of 20,000 $ETH (63.2M) with a 2x leverage, and another has opened one with 54,515 ETH (172.3M) with a 5x leverage.
The third whale was even more aggressive and took 9,802 ETH which was 31M at 20x leverage and 52,354 ETH which was 165.5M at 15x leverage.
Such a leveraged purchase indicates that Ethereum has high expectations in its next big move. As several whales have positioned themselves to a considerable extent to the upside, the market is now on the look out to a possible volatility blow out.
big move by Harvard has just taken place in the digital asset sector, making it highly exposed to $BTC .
The institution has been multiplying its holdings by four times, and its holdings that were as low as 117 million, have soared to an amazing figure of 443 million.
This is an indication of a massive change of heart by one of the most admired financial and learning institutions in the world.
Meanwhile, Harvard also increased its investments in ETFs of gold and it invested more of 235 million dollars in Gold ETFs, compared to 102 million invested by it earlier.
Although this is impressive, what is evident is the magnitude of the $BTC growth. The Portfolio changes in the university indicate its belief in the potential of digital assets in the long term. The most interesting thing is that there is a strong 2 to 1 favor of the Bitcoin over the gold.
This action shows that Harvard not only treats $BTC as a speculative asset, but as a strategic store of value whose upside is greater than other commodities.
It is a powerful argument to the larger market regarding the direction of institutional capital. Altogether, the ambitious rearrangement of Harvard indicates an emerging trend in shifting to crypto by large institutions, and Bitcoin specifically. This may become a trigger to more institutional adoption in the months that follow.
$BTC has officially shot to an unbelievable high of $92,000 and is yet another significant milestone in its current bullish run. The move is indicative of the increased trust in the digital assets as the world remains on the upward trend of demand.
The accumulation process has been very positive in the market and this breakout confirms the leading role of $BTC in the crypto universe.
In the recent weeks, the institutional interest has been instrumental in driving $BTC upwards. This new all-time zone in Bitcoin has been brought about by huge purchases, increased open interest as well as constant high inflows.
The question is that is BTC going to stabilize above this level or another explosive leg up is on the way which is being observed by the traders.
The market sentiment is very positive and most analysts believe the market will hit higher targets in case the current support levels are maintained. With the change in macroeconomic conditions and the shift in focus of more investors to other assets, Bitcoin is strengthening itself.
Breaking above $92,000 is not merely a figure, it is an indication that the second round of the bull run could be in progress.
Last week, $ETH ETFs had a massive outflow, with a total of 65.4 million out of the market. It is one of the more pronounced withdrawal periods in recent sessions, which raises concerns regarding short-term sentiment.
BlackRock was the largest seller, dumping a total of .8 million of $ETH . A withdrawal on this scale, by a single entity, naturally raises the question of institutional positioning.
This amount of outflow implies that the key participants might be realizing profits or lowering exposure as the market centers volatility. Although $ETH has become well-established in its fundamentals, ETF flows remain a significant factor in the short-term price trend.
Investors are currently watching upcoming market data closely to determine whether inflows will resume or whether the selling pressure will persist.
FUN FACT: Harvard University currently has more $BTC ETF exposure than shares of Google a shift that seems quite surprising and therefore speaks of the speed at which institutional priorities are shifting.
To one of the most esteemed universities in the world, this is a huge confidence in the potential of digital assets in the long term.
This is followed by a wider pattern of elite institutions investing in crypto-linked funds as Harvard put more money in $BTC ETFs.
ETFs provide them with a regulated and familiar investment vehicle, unlike direct crypto custody, and thus makes it easy to have exposure without the complexities of running the operation.
It means that $BTC is gradually turning into a mainstream financial strategy and no longer a fringe asset.
It is particularly enlightening when made in comparison to Google shares. Big tech equities such as Google have long been regarded as the best long term investment to hold by endowments.
However, the current positioning of Harvard shows that digital assets are starting to compete with even the most technologically powerful giants on the institutional portfolios.
All in all, this movement highlights how big actors are stealing Bitcoin exposure under the carpet.
With the increasing number of universities, funds, and institutions becoming the first to do so, it is apparent that crypto is no longer an experimental bet, it is becoming the basis of an asset class in the future.
Ether has been tracking closely the price movement of Coin base this year, and we have seen the sharp upswing, the subsequent decline and a slight recovery.
Such a trend has been incredibly steady as well, and COIN is still a leading indicator of $ETH . The next big move of Coin base is also of particular interest to me as it will probably indicate the future direction of $ETH in the short term.
Bitcoin is holding strong above key support while long-term holders keep accumulating quietly. Market noise is high, but BTC’s structure shows patience before the next breakout phase. History favors those who wait with conviction.
Pakistan is on the verge of officially introducing the first national stable coin in the country which is a significant move in modernizing its financial sector.
The presence of this development is an indication of increased awareness of the blockchain technology in the country as a means of transparency, efficiency, and safe digital payments in the economy.
The implementation of a domestically supported stable coin can open up a new avenue of opportunities to the businesses, enhance the transaction rates, and make digital financial practices throughout the country more stable.
It further indicates that Pakistan had the desire to be in line with the changing world of crypto.
What is even more important about this move is that CZ is also invited as a strategic advisor. His record and management of the global crypto industry are a heavy addition to the intention of Pakistan, and can hasten the implementation of the same and provide a realistic base to the project.
As a whole, this launch is a radical move on financial innovation, and it will be interesting to follow the development of the stablecoin into the economic future of Pakistan.
In the market data provided recently, Spot $ETH ETFs reportedly registered high levels of net outflows of 75.2 million in the December 5th trading session.
Interestingly, no $ETH fund out of the nine listed was able to gain any positive inflows, which was indicative of a sweeping wave of sell in the entire segment.
The biggest effect was on the ETHA fund by BlackRock that contributed all the outflows as of $75.2 million. This sudden action has been seen as a notice, given that BlackRock had been gradually building Ethereum exposure in the preceding days.
This kind of a sudden turn has brought forth the query of whether this is a short term profit taking or an early indication of a more fundamental change in institutional positioning.
The market of $ETH ETFs is very strong, despite outflows. Total net assets remain at an estimated value of $18.9 billion, which is a proportion of 5.19 percent of the market capitalization of ETH. This implies that even with short term changes, institutions remain with a sizable long term exposure.
This is a simple informational update that should not be taken as financial advice, as usual. Investors are advised to consider all the risks before making any decision.
🚨 UPDATE: The latest news is that I have been watching the case attentively, and it is obvious that Strive was indignant because of the approach to $BTC -oriented companies introduced by MSCI.
In their most recent communication, Strive defiantly criticized MSCI by stating that its so-called blacklist of $BTC company is not only not practical, but also harmful to investors who need to trust in clear and fair market judgments.
Personally, I think that this action underscores an emerging trend throughout the industry: the old models of rating are having a hard time keeping up with the fast change in digital assets.
Rather, MSCI boundaries appear to place undue limits on investors especially those firms that are innovating around the $BTC .
The reaction of Strive sends the message that the market requires structures that will encourage innovation- not the policies that restrict exposure or deter interest. As the number of institutions joining the Bitcoin ecosystem grows, it is becoming obvious that the old-fashioned evaluation models may not be able to keep up.
Finally, this state of affairs brings up a significant issue to every investor: a fair analysis is crucial. In a case where the position of MSCI still remains a barrier to businesses related to Bitcoin, it may alter the investment choices and slack development in one of the most rapidly evolving industries in the globe.
$XRP ETFs are also still exhibiting a great performance when they achieve a 15 day streak of net inflows.
This is a continuity that underscores increased confidence amongst the investors, particularly at a time when the mood of the rest of the market has been creating a mixed mood.
Spot $XRP ETFs in the U.S. have recorded consistent inflows and now stand at close to the mark of 900 million in assets under management. Such a growth rate is an indicator of an increased demand of XRP exposure in the form of regulated investment products.
This activity of sustained inflow also strengthens the XRP as one of the most impressive players in the industry of digital asset ETFs. With such a trend, even greater institutional demand of $XRP may be recorded in the coming weeks.
Altogether, the inflow streak indicates a noticeable change in the market interest, as it proves XRP to be always at the center of interest among investors as the capital becomes invested in the asset.