The move was met with applause and skepticism, but also a stunned sense of disbelief from nearly all sides.
Was it a sign that crypto is becoming so powerful it will soon overturn the rule of banks?
Indeed, the news had imaginations operating at full speed, with some going so far as to think that the crypto industry might be on a bank buying spree.
What the companies said
But while some were looking into a possibly far-off future, others took a more measured look.
As the news shows, you just can’t please everyone in crypto!
Bitcoin nears a record 1,079 days without strong selling pressure as prices consolidate, signaling a cautious but stable phase for markets as per Axel Adler Jr.
Bitcoin ETFs recorded $83.27 million in net outflows on December 26, extending a multi-day redemption streak as BTC struggled to reclaim $88,000. Fidelity’s FBTC led withdrawals with $74.38 million in outflows, while Grayscale’s GBTC posted $8.89 million in redemptions. All…
Coinbase CEO Brian Armstrong warned that reopening the GENIUS Act would cross a “red line,” accusing banks of lobbying Congress to block stablecoin rewards and limit competition.
Bitcoin’s resilient basis rate and options data suggest limited downside despite ETF outflows, while BTC waits for a catalyst that can help it reclaim $90,000.
JPMorgan has reportedly frozen accounts linked to Y Combinator–backed stablecoin startups BlindPay and Kontigo after flagging exposure to sanctioned jurisdictions.