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JPMorgan Chase: Alipay and WeChat Pay are not a blueprint for stablecoin expansion in the future

5 hours ago

On July 4th, JPMorgan Chase anticipates that by 2028, the growth of stablecoins will merely reach $500 billion. They hold the view that the trillion-dollar forecast is "overly optimistic" as there is scant evidence indicating that USD-pegged cryptocurrency tokens will gain widespread acceptance. Presently, stablecoin payment applications remain restricted, accounting for just 6% of the demand, which is approximately $15 billion, mainly concentrated in cryptocurrency trading, decentralized finance, and collateralized lending. Furthermore, in relation to Ant Group's plan to apply for a stablecoin license in Hong Kong through its overseas subsidiary Ant International (which operates the mobile payment app Alipay), JPMorgan Chase stated that the rapid expansion of the digital yuan and the achievements of Alipay and WeChat Pay do not serve as a template for the future expansion of stablecoins. (Reuters)
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Hibernating for 14 Years, Bitcoin Whale's Fifth 10K BTC Address Gets Activated

On July 4th, as monitored by Whale Alert, 2 minutes ago, the dormant Bitcoin whale that has been in hibernation for 14 years had its fifth whale address activated. The whale holds at least 80,009 BTC and there are still 3 whale addresses that have not been activated.

6 minutes ago

The 14-Year HODL Bitcoin Whale controls approximately 8 addresses, holding at least 80,009 BTC

On July 4th, as per LookOnChain's monitoring, a Bitcoin whale that has been dormant for 14 years holds at least 80,009 BTC, which is worth $8.69 billion. This whale controls around 8 wallets. On April 2nd, 2011, 2 wallets received 20,000 BTC each. At that time, the value was $15,600, and now it is worth $2.18 billion when the price of BTC was $0.78. Also, on May 4th, 2011, 6 wallets received 60,009 BTC. At that time, the value was $202,000, and now it is worth $6.52 billion when the price of BTC was $3.37. Today, 4 of the addresses moved 40,000 BTC, while the other 4 wallets remain dormant.

6 minutes ago

Bitcoin OG Whale's Fourth Megawallet Address Activated, Valued at Approximately $1.092 Billion

On July 4th, as monitored by Whale Alert, 8 minutes ago, the address of the fourth dormant Bitcoin whale holding over 14-year-old bitcoins was activated. The value of this whale's holdings is approximately $1.092 billion.
This whale holds at least 40,000 BTC, which is worth $4.35 billion. Its average cost is as low as $1.65, and the profits have exceeded 66,000 times.

6 minutes ago

WLFI Token Transfer Proposal is now in effect

On July 4th, the crypto project WLFI of the Trump family officially announced that the proposal for making the WLFI token transferable has come into effect. It was stated, "Today, on the Independence Day of the United States, we are making history."

6 minutes ago

ONDO sees a short-term spike of 3%, reaching $0.7973

On July 4th, according to HTX market data. Due to the news that "Ondo Finance is going to launch tokenized U.S. stock trading", ONDO experienced a short-term increase of 3% and reached $0.7973. Currently, it is trading at $0.7856.

6 minutes ago

A Whale That Has Been Dormant for Over 14 Years Awakens Holding at Least 40,000 BTC, with an Average Cost Basis as Low as $1.65

On July 4th, as monitored by EmberCN, a long-idle whale that had been asleep for more than 14 years suddenly awoke. It holds at least 40,000 BTC, which is worth $4.35 billion. Today, the Bitcoin OG whale transferred BTC from 3 addresses that had been dormant for over 14 years. Each of these addresses contained 10,000 BTC. It still holds another address with 10,000 BTC that has not been moved and has also been dormant for over 14 years. Its average cost is as low as $1.65, and the profits have exceeded 66,000 times.

6 minutes ago

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