You know it's a rough morning when stablecoins make up the top 7 movers on the crypto boardAnd even some of them are red https://t.co/y1tpyknBaB ...

⚡️NEW: CZ responds to Jamie Dimon’s remarks on stablecoins and blockchain by saying, “You will use crypto sooner or later.” https://t.co/qyL6iYWAd8 ...

Cryptocurrency - JPMorgan's Jamie Dimon praises stablecoins [1] - Jamie Dimon remains a Bitcoin skeptic [1]

Market Trends & Regulatory Landscape - Bitcoin initially slid but crossed back above $118,000, while Ether traded at $3,786 and Solana fell nearly 1% to $177 [2] - JP Morgan Chase CEO Jamie Diamond expressed support for stable coins and blockchain technology, despite skepticism towards Bitcoin [5][6] - The White House released a crypto policy framework signaling increasing government support for responsible crypto innovation [8] - The White House crypto report emphasizes the importance of digital assets for US economic competitiveness and global leadership, urging agencies and Congress to act quickly [9][10] - The report highlights the need for clear regulatory frameworks for digital assets, similar to those in the EU, UK, Japan, and Singapore [10] - The Genius Act marks a watershed moment for stable coins and digital payments, encouraging continued adoption and reinforcing the strength of the global dollar system [13][14] Company Performance & Strategy - Robin Hood reported $989 million in revenue, exceeding the $98 million expected, and earnings per share of 42 cents compared to the 31 cents expected, but crypto trading revenue missed estimates at $160 million versus $168 million expected [3] - Robin Hood's CEO Vlad Tennv believes crypto trading will become the infrastructure layer behind real-world assets [4] - JP Morgan Chase partnered with Coinbase to link Chase customer accounts to Coinbase wallets [5] Regulatory Recommendations - The White House crypto report recommends specifying actors within the decentralized finance (DeFi) ecosystem that should have obligations tied to anti-money laundering (AML) and combating the financing of terrorism [15] - The report suggests different regulatory obligations for base layer protocols versus DeFi front-end interfaces [17] - The report recommends Congress give the CFTC spot market authority over digital commodities like Bitcoin and Ether [24]

🚨 LATEST: JPMorgan CEO says the bank supports blockchain and stablecoins, not Bitcoin personally, but will accommodate customer demand. https://t.co/9qggaEouwR ...

Stablecoin Market - Stablecoins' transaction volume is 2x Visa's volume [1] Payment Technology - Visa adds Stellar and Avalanche to its settlement stack [1]

Stablecoin Adoption - Visa is actively expanding its involvement in stablecoins [1] - The payment network industry is expected to follow suit, supporting various stablecoins regardless of issuer or underlying network [1] - Visa now supports PYUSD, USDG, and EURC stablecoins [1] - On-chain settlement is expanding beyond Ethereum and Solana to include Stellar and Avalanche [1]

Stablecoin Integration - Visa's integration enables real-world utility for stablecoin-linked cards [1] - Cards on Visa's network can settle transactions using Avalanche, making stablecoins usable in everyday life [1] Partnerships - Cards like @raincards and @TheAvaxCard operate on Visa's network [1]

💥BREAKING:JPMorgan CEO Jamie Dimon says he is a "believer" in stablecoins and blockchain. ...

🇺🇸 $4 TRILLION JPMORGAN CEO JUST SAID HE IS A BELIEVER IN STABLECOINS AND BLOCKCHAIN. ...