๐ฆ The US banking giant JPMorgan is launching crypto-backed loans, starting with BlackRockโs Bitcoin ETF (IBIT) as collateral - Bloomberg
๐ Clients โ from retail to HNWIs โ will soon be able to borrow against crypto-linked assets, with the bank planning to expand the collateral list over time.
๐ Crypto will also be factored into clientsโ liquidity profiles, alongside stocks, cars, and art.
๐ง Despite CEO Jamie Dimonโs ongoing crypto skepticism (calling BTC a โcriminal toolโ), the bank is moving forward โ offering services in response to client demand, not personal opinion.
๐ A big signal of TradFi embracing crypto, no matter what their CEOs say publicly.
๐ Clients โ from retail to HNWIs โ will soon be able to borrow against crypto-linked assets, with the bank planning to expand the collateral list over time.
๐ Crypto will also be factored into clientsโ liquidity profiles, alongside stocks, cars, and art.
๐ง Despite CEO Jamie Dimonโs ongoing crypto skepticism (calling BTC a โcriminal toolโ), the bank is moving forward โ offering services in response to client demand, not personal opinion.
๐ A big signal of TradFi embracing crypto, no matter what their CEOs say publicly.
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๐ฐ๐ฌ๐ง UK-based gold mining company Bluebird Mining is shifting from Gold to Bitcoin as a store of value
The firm announced plans to sell part of its gold reserves and convert them into BTC, citing Bitcoinโs growing popularity and its rising role as โdigital gold.โ ๐ง
๐ฆ Bluebird claims goldโs dominance as a hedge asset is under threat, and this move marks a strategic step toward the digitalization of value storage.
The firm announced plans to sell part of its gold reserves and convert them into BTC, citing Bitcoinโs growing popularity and its rising role as โdigital gold.โ ๐ง
๐ฆ Bluebird claims goldโs dominance as a hedge asset is under threat, and this move marks a strategic step toward the digitalization of value storage.
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๐ CryptoQuant: Hash Ribbon Flashes Buy Signal!
The Hash Ribbon indicator โ which tracks miner activity via 30/60-day Hash Rate averages โ has signaled the end of miner capitulation for the first time since the recent halving. ๐
This comes as the Hash Rate hits a new ATH of 638 EH/s, with miners upgrading equipment and resuming operations, reducing their need to sell BTC. ๐ฅ
Historically, this signal has preceded strong upward price movements, as selling pressure from miners eases. A bullish sign for Bitcoin! ๐
The Hash Ribbon indicator โ which tracks miner activity via 30/60-day Hash Rate averages โ has signaled the end of miner capitulation for the first time since the recent halving. ๐
This comes as the Hash Rate hits a new ATH of 638 EH/s, with miners upgrading equipment and resuming operations, reducing their need to sell BTC. ๐ฅ
Historically, this signal has preceded strong upward price movements, as selling pressure from miners eases. A bullish sign for Bitcoin! ๐
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๐ฅ Elon vs. Trump: Twitter War Escalates
Elon Musk just accused Donald Trump of pedophilia, claiming heโs mentioned in the sealed Epstein files ๐ฎ
Trump hit back saying heโd win elections without Elonโs help โ Musk insists his support was crucial.
Meanwhile:
๐ Tesla stock: -14.46%
๐ Trump Media: -7.54%
๐ BTC: $101K
Musk didnโt stop there โ heโs now threatening to halt SpaceXโs Dragon missions for NASA and is backing calls for Trumpโs impeachment.
Some say itโs chaos. Others โ market manipulation. But who knows? Maybe in two days theyโll hug it out and say โit was all a misunderstanding.โ ๐คทโโ๏ธ
Not financial advice. Just late-night drama too wild to ignore.
Elon Musk just accused Donald Trump of pedophilia, claiming heโs mentioned in the sealed Epstein files ๐ฎ
Trump hit back saying heโd win elections without Elonโs help โ Musk insists his support was crucial.
Meanwhile:
๐ Tesla stock: -14.46%
๐ Trump Media: -7.54%
๐ BTC: $101K
Musk didnโt stop there โ heโs now threatening to halt SpaceXโs Dragon missions for NASA and is backing calls for Trumpโs impeachment.
Some say itโs chaos. Others โ market manipulation. But who knows? Maybe in two days theyโll hug it out and say โit was all a misunderstanding.โ ๐คทโโ๏ธ
Not financial advice. Just late-night drama too wild to ignore.
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The Musk vs. Trump clash continues to affect the crypto market ๐
Amid their feud, crypto market cap dropped by ~3%, and the Fear & Greed Index slid to 45, entering the Fear zone ๐
Bitcoin briefly dipped near $100K, and has since recovered to $103K, but so far the bounce looks more like a pullback, not a full trend reversal.
Market remains fragile โ watch sentiment closely ๐
Amid their feud, crypto market cap dropped by ~3%, and the Fear & Greed Index slid to 45, entering the Fear zone ๐
Bitcoin briefly dipped near $100K, and has since recovered to $103K, but so far the bounce looks more like a pullback, not a full trend reversal.
Market remains fragile โ watch sentiment closely ๐
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๐ Circle ($CRCL), issuer of the USDC stablecoin, officially debuted on the NYSE yesterday evening!
The IPO was priced at $31, but the stock opened at $69 and briefly surged to $104, before settling near $81 โ more than 160% up from IPO price at peak ๐ฏ
Circle is behind USDC, the worldโs second-largest stablecoin with $61B in circulation, holding about 30% of the market. ๐ฐ
For comparison:
โข USDT (Tether) โ $153B
โข USDe (Ethena) โ $5.83B
โข DAI โ $5.36B
A strong Wall Street debut for a key player in crypto ๐ฅ
The IPO was priced at $31, but the stock opened at $69 and briefly surged to $104, before settling near $81 โ more than 160% up from IPO price at peak ๐ฏ
Circle is behind USDC, the worldโs second-largest stablecoin with $61B in circulation, holding about 30% of the market. ๐ฐ
For comparison:
โข USDT (Tether) โ $153B
โข USDe (Ethena) โ $5.83B
โข DAI โ $5.36B
A strong Wall Street debut for a key player in crypto ๐ฅ
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๐ Arthur Hayes: The ICO mania of 2017 is evolving into an IPO frenzy for 2025โ2027.
Referencing Circleโs recent IPO, Hayes warns this is just the beginning. He predicts a massive, overhyped crypto IPO โ similar to EOS in 2017 โ will suck in billions of fiatโฆ and crash spectacularly on day one. ๐ค
๐ Reminder: EOS raised $4.2B in its ICO, only to face centralization issues and tech failures that crushed its token price by over 80% by 2019.
Now rebranded as Vaulta, the project aims to bury its troubled past by shifting toward Web3 banking and merging DeFi with TradFi. ๐
Hayesโ message: Donโt let IPO hype blind you โ history might be repeating itself.
Referencing Circleโs recent IPO, Hayes warns this is just the beginning. He predicts a massive, overhyped crypto IPO โ similar to EOS in 2017 โ will suck in billions of fiatโฆ and crash spectacularly on day one. ๐ค
๐ Reminder: EOS raised $4.2B in its ICO, only to face centralization issues and tech failures that crushed its token price by over 80% by 2019.
Now rebranded as Vaulta, the project aims to bury its troubled past by shifting toward Web3 banking and merging DeFi with TradFi. ๐
Hayesโ message: Donโt let IPO hype blind you โ history might be repeating itself.
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๐ฐ Strategy has quadrupled its offering of perpetual preferred STRD shares โ from $250M to a whopping $1 billion, priced at $85 per share
This major upsizing signals strong investor interest and gives Michael Saylorโs firm a huge capital boost. ๐
As for where the moneyโs going? Thatโs not a mystery. Spoiler:it starts with a "B" and ends with "itcoin." ๐ง
This major upsizing signals strong investor interest and gives Michael Saylorโs firm a huge capital boost. ๐
As for where the moneyโs going? Thatโs not a mystery. Spoiler:
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๐ Trump to Pump? ๐
Trump Media is reportedly planning to raise a whopping $12B โ and rumor has it, part of the funds could be used to buy Bitcoin. ๐ค
Following yesterdayโs drama, BTC has already bounced back above $104K โ and if this Trump-fueled liquidity wave hits, we might be in for another wild ride. ๐
Trump Media is reportedly planning to raise a whopping $12B โ and rumor has it, part of the funds could be used to buy Bitcoin. ๐ค
Following yesterdayโs drama, BTC has already bounced back above $104K โ and if this Trump-fueled liquidity wave hits, we might be in for another wild ride. ๐
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Crypto soothsayer
๐ฐ Strategy has quadrupled its offering of perpetual preferred STRD shares โ from $250M to a whopping $1 billion, priced at $85 per share This major upsizing signals strong investor interest and gives Michael Saylorโs firm a huge capital boost. ๐ As for whereโฆ
๐ฏ๐ต Metaplanet plans to raise $5.3B through a record-breaking issuance of 555M shares via warrants to buy Bitcoin
๐ 96% of the funds will go toward BTC, with the goal of accumulating 210,000 BTC (~1% of total supply) by 2027.
The move is a hedge against Japanโs negative interest rates and yen devaluation. This is Japanโs largest-ever warrant issuance โ and the first with floating strike prices. ๐ฅ
Metaplanet already holds 8,888 BTC (~$920M), with an average entry price of ~$108K. Its stock ($3350 TSE) has surged 5,000% over the past year โ a wild comeback after a decade-long slump.๐
๐ 96% of the funds will go toward BTC, with the goal of accumulating 210,000 BTC (~1% of total supply) by 2027.
The move is a hedge against Japanโs negative interest rates and yen devaluation. This is Japanโs largest-ever warrant issuance โ and the first with floating strike prices. ๐ฅ
Metaplanet already holds 8,888 BTC (~$920M), with an average entry price of ~$108K. Its stock ($3350 TSE) has surged 5,000% over the past year โ a wild comeback after a decade-long slump.๐
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๐ Bitcoin kicks off the week above $105K
Meanwhile, spot Ethereum ETFs are on fire โ seeing 15 straight days of inflows totaling $837M. ๐ฐ
In contrast, Bitcoin ETFs saw a weekly outflow of $128.81M as investors remain uncertain. The spotlight seems to be shifting towards ETH โ is a new trend forming? ๐
Meanwhile, spot Ethereum ETFs are on fire โ seeing 15 straight days of inflows totaling $837M. ๐ฐ
In contrast, Bitcoin ETFs saw a weekly outflow of $128.81M as investors remain uncertain. The spotlight seems to be shifting towards ETH โ is a new trend forming? ๐
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๐ฐ Paolo Ardoino boasts: If Tether went public today, it would be worth around $515B, according to Artemis analysts. ๐ง
That would make it the 19th most valuable company in the world โ ahead of giants like Oracle, Costco, and Coca-Cola. ๐ช Stablecoins are no joke anymore.
That would make it the 19th most valuable company in the world โ ahead of giants like Oracle, Costco, and Coca-Cola. ๐ช Stablecoins are no joke anymore.
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๐ CryptoQuant: The market has entered a wait-and-see mode โ spot trading volume on exchanges has dropped to its lowest level since October 2020.
Coins arenโt moving or being sold on-chain, which eases sell pressure โ but demand is weak too. ๐คท
Now, everything hinges on futures market activity. ๐
Coins arenโt moving or being sold on-chain, which eases sell pressure โ but demand is weak too. ๐คท
Now, everything hinges on futures market activity. ๐
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Crypto soothsayer
๐ฐ Paolo Ardoino boasts: If Tether went public today, it would be worth around $515B, according to Artemis analysts. ๐ง That would make it the 19th most valuable company in the world โ ahead of giants like Oracle, Costco, and Coca-Cola. ๐ช Stablecoins are noโฆ
Paolo Ardoino shared a snapshot from Bolivian supermarkets where prices are listed in USDT โ not fiat ๐
A powerful sign of stablecoins going mainstream and fiat losing ground in real-world use cases. ๐ค
The rise of digital dollars is no longer theoretical โ itโs on the shelves.
A powerful sign of stablecoins going mainstream and fiat losing ground in real-world use cases. ๐ค
The rise of digital dollars is no longer theoretical โ itโs on the shelves.
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