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Stablecoins Make Up Less Than 1% of Global Money Flows, Says JPMorgan $BGB JPMorgan analysts are casting doubt on optimistic projections that the stablecoin market could balloon to $2 trillion by 2028, citing underdeveloped infrastructure and slow adoption as key obstacles. $BTC In a recent note, reported by Bloomberg, JPMorgan questioned the feasibility of the forecast put forward by U.S. Treasury Secretary Scott Bessent during June Senate hearings. That projection would require the market to grow nearly eightfold from its current size of around $260 billion. $SOL According to JPMorgan, such explosive growth is unlikely in the short term due to the immaturity of the stablecoin ecosystem. While interest in stablecoins continues to rise, the bank argues that both the infrastructure and the real-world use cases aren’t yet robust enough to support such an expansion. 📉 Less Than 1% of Global Flows Despite the growing role of stablecoins in crypto trading and cross-border payments, JPMorgan highlights a key stat: stablecoins currently account for less than 1% of global money flows, showing their limited influence on the broader financial system. More than 60% of the stablecoin market is dominated by USDT and USDC, and real-world usage remains fragmented, with minimal penetration into mainstream payment systems and commerce. 🏦 Institutional Skepticism The bank also noted hesitation among both institutional and retail investors to adopt stablecoins as fiat alternatives. JPMorgan analysts say that most investors continue to favor traditional liquidity management strategies, and are unlikely to fully embrace payment-based stablecoins anytime soon. 🧾 Regulation Arrives, But Will It Help? The recent signing of the GENIUS Act marks a major regulatory milestone, establishing formal rules for U.S. dollar-pegged stablecoins. Issuers are now required to back stablecoins with 100% reserves in U.S. government bonds or equivalent instruments under strict regulatory oversight. While Secretary Bessent described these assets as a strategic tool for bolstering demand for both the U.S. dollar and U.S. government debt, JPMorgan remains cautious. The analysts argue that even with clear regulatory guidelines, the pace of adoption and ecosystem development is unlikely to support such aggressive growth targets in the near future. 🔍 Bottom Line JPMorgan’s view offers a reality check: while stablecoins are gaining traction, their impact on the global financial system remains limited and largely confined to crypto-native activity. Hitting a $2 trillion market cap by 2028 may be more of a long-term ambition than a near-term outcome.

Citi Bank's year-end #Bitcoin forecast shows a wide range of potential outcomes, highlighting both the opportunity and the risks: 🐂 Bull Case: $199,000 📈 Base Case: $135,000 🐻 Bear Case: $64,000 (Contingent on a weak U.S. stock market) A reminder that while ETF flows are powerful, $BTC remains tied to broader macro conditions. #BTC #Forecast #RiskManagement #Investing

i been working in the got damn sub just for a dollar a day and i never understand why all my money goes down to the man at the bank and all he does is sit and think about the money that im gunna make

Ethena surges 21% daily to six-month high after $360M USDe deal as ENA breaks $0.54 resistance targeting $1. Ethena ($ENA ) has delivered a remarkable 21% single-day performance, with trading activity spanning from a session low of $0.465 to reach a six-month peak of $0.5885. This explosive move has pushed the token’s monthly gains beyond 113%, elevating its market capitalization to approximately $3.6 billion and securing a position among the top 32 cryptocurrencies by market value. The price surge comes in response to StablecoinX Inc’s announcement regarding a $360 million funding round aimed at acquiring $ENA tokens, alongside plans to list its Class A common stock on the Nasdaq Global Market under the “USDE” ticker symbol. What Is Ethena USDe? The $7B Synthetic Dollar Revolution Ethena operates as a stablecoin issuer and asset management protocol constructed on the Ethereum blockchain, delivering a crypto-native monetary solution independent of conventional banking infrastructure. The protocol’s flagship offering, USDe, represents a synthetic dollar mechanism that derives its stability not from traditional bank-held reserves but through a sophisticated combination of cryptocurrency assets and derivative instruments. In a recent regulatory development, crypto investment platform Anchorage Digital formed a strategic partnership with Ethena to introduce USDtb to United States markets, positioning it as the first stablecoin to establish a clear regulatory pathway toward complete U.S. GENIUS Act compliance. Despite the welcoming regulatory environment in the United States, Ethena faces mounting challenges in European markets under the developing MiCA regulatory framework, evident in its recent withdrawal from German operations following regulatory disputes with BaFin. Nevertheless, leading cryptocurrency protocols continue embracing Ethena’s synthetic dollar methodology. On July 22nd, Ledger, the renowned crypto hardware wallet manufacturer, incorporated USDe stablecoin functionality into its platform, enabling millions of users to seamlessly send, receive, and generate yield on their digital dollar positions. The Telegram-integrated TON blockchain network has similarly adopted USDe integration, offering users attractive yields of up to 19% APY on their stablecoin holdings through TON Wallet services. Cryptocurrency exchange Bybit has also added USDe to its trading platform, providing users with zero-fee conversion services between USDe and both USDT and USDC, while offering competitive 10% APR earning opportunities. Only Protocol With 10%+ Yields – Ansem’s ENA $1 Prediction The widespread adoption and utility have driven USDe’s circulating supply back to record highs, exceeding $7 billion, leading many analysts to suggest that ENA’s market valuation should reflect this fundamental growth. Prominent crypto influencer Ansem has presented his analysis, indicating that the $ENA chart pattern confirms a weekly breakout from an extended multi-month consolidation period. As the sole protocol operating a stablecoin that generates yields of 10%+ on billions in assets under management, he forecasts ENA trading above the $1 threshold in the medium term. Technical analyst Ali Charts has identified that $ENA requires a daily closing price above $0.54 to establish sufficient momentum for the next upward leg targeting the $1 level. ENA Breaks $0.54 Resistance: Technical $1 Target Activated On the Technical front, the ENA/USDT daily chart from Binance suggests a bullish continuation Following a prolonged downtrend that started in February, $ENA entered an extended accumulation phase between approximately $0.25 and $0.46. This sideways movement indicated a pause in bearish momentum, with market participants gradually accumulating positions. A significant breakout occurred recently as the price pushed above the key resistance zone at $0.5433, which is now being treated as a potential entry level. Should the bullish structure hold, the next targets are clearly defined. The first resistance and take-profit level is set at $0.8225, while the second and more ambitious target lies at $1.0045. On the downside, invalidation of the bullish setup would occur if $ENA closes below the support zone of $0.5350–$0.4940, with a stop-loss marked at $0.3930. Such a move would signal a failed breakout and possibly resume the downtrend.

The cryptocurrency market is abuzz with speculation as whispers of an impending White House crypto report circulate. Amidst this anticipation, on-chain data suggests that altcoin whales are engaging in strategic accumulation, positioning themselves ahead of potential regulatory clarity. Are these large investors betting on a bullish turn for altcoins following the official stance from the U.S. government, and what does this signal for the broader market? Political Play: Anticipating US Crypto Policy Shifts 🏛️ The crypto market is highly sensitive to regulatory news, particularly from major global economies like the United States. Reports of a forthcoming White House crypto policy report have created a palpable sense of anticipation among investors. Historically, periods leading up to significant regulatory announcements often see strategic maneuvers by large holders ("whales") looking to capitalize on potential market shifts. The expectation is that regulatory clarity, even if not entirely favorable, could reduce uncertainty, encourage institutional adoption, and provide a clearer path for innovation, which tends to be bullish for digital assets. Capital Rotation: Whales Position for Altcoin Season 🔄 As the crypto market evolves, Bitcoin's dominance often serves as a key indicator for broader market dynamics. When Bitcoin's rally cools or it enters a consolidation phase, capital frequently rotates into altcoins, leading to an "altcoin season." The strategic accumulation by whales before a major U.S. crypto policy report suggests they might be anticipating such a rotation, believing that new regulations could be a catalyst for altcoins. These large-scale purchases indicate a calculated move to position portfolios for potential exponential gains that altcoins often offer once regulatory frameworks become clearer. The Regulatory Catalyst: How Policy Impacts Price Potential 🔮 The content of the White House crypto report is highly anticipated as it could significantly impact the market. Proposed frameworks for stablecoins (like the GENIUS Act recently signed), guidelines for digital asset stockpiles, or even discussions around central bank digital currencies (CBDCs) can provide much-needed clarity. Whales often accumulate assets that stand to benefit most from favorable regulatory environments. Their pre-report buying signals a belief that the upcoming policy details will either directly benefit certain altcoin categories or simply reduce overall market risk, thereby attracting more institutional and retail investment, which could drive prices higher across the altcoin spectrum. Conclusion Altcoin whales appear to be actively engaging in strategic accumulation in anticipation of the forthcoming White House crypto report. This pre-emptive buying suggests that large investors believe regulatory clarity from the U.S. government could serve as a significant catalyst for the next altcoin rally. As the market braces for official policy statements, the strategic movements of these influential players underscore the high stakes involved and the profound impact that regulatory developments can have on cryptocurrency valuations. Investors should remain vigilant, understanding that while whale activity signals confidence, the precise details of the report will ultimately determine the market's trajectory. Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.