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Tariq Bawany
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Tariq Bawany
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📈 #APT Stablecoin supply on Aptos is up from ~$430m to ~$1.13b since the start of the year. #BinanceAlphaAlert
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🦐 #BTC Shrimp addresses (<1 BTC) have dropped to 260K from a 2021 peak of 590K. #BTCBreaksATH110K
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🏦 JPMorgan analysts have expressed skepticism about projections that the #stablecoin market will exceed $1 trillion in size Despite progress in the US Senate on the GENIUS bill, they believe current expectations of a 3–4x increase in stablecoin supply over the next year or two are overly optimistic. They point out that the bill's ban on paying interest on stablecoins will likely limit their growth potential. According to JPMorgan, compliant issuers — such as banks and fintech firms — stand to benefit, while less compliant issuers like Tether (#USDT ) may be forced to make adjustments.
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🏴☠️👀 #CETUS Co-Founder #SUI: Of the $220M stolen from Cetus, $160M has been frozen and will soon be returned to the Cetus pool. #BTCBreaksATH110K
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📈 Total open interest in crypto options has surged to $56.5 billion, the highest level since December 2024. #BTC accounts for 84% of this total. Derivatives demand is clearly heating up again. #BTCBreaksATH110K
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