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18:38
JPMorgan CFO says stablecoin yield products are similar to a "parallel banking system"
JPMorgan CFO Jeremy Barnum stated that JPMorgan will compete with cryptocurrency-related products, but warned that stablecoin yield products are similar to the banking system yet are not subject to the same level of regulation.
18:30
The Federal Reserve accepted $3.277 billion in reverse repo operations.
The Federal Reserve accepted a total of $327.7 million from five counterparties in its fixed-rate reverse repurchase operations.
18:27
Short-term holder cost distribution shows price consolidating in the $80,000 to $95,000 range
Recently, the short-term holder cost distribution heatmap shows that the consolidation in the $80,000 to $95,000 range reflects a concentration of cost structure at higher levels, while demand has rebounded above $80,000. The supply from recent buyers has absorbed attempts at a rebound, and although buying continued after selling, the price remains anchored within the current range. (glassnode)
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