JPMorgan predicts that the stablecoin market will reach a size of $500 billion by 2028. However, this forecast falls well short of optimistic expectations that the market value could be between $1 and $2 trillion in the same period. JPMorgan: Stablecoin Market Could Reach $500 Billion by 2028, But Expectations Are Overly Optimistic The report published on Thursday by the team led by JPMorgan strategist Nikolaos Panigirtzoglou drew a more cautious growth scenario for the future of the sector. According to the report, the main driver of stablecoin adoption is still crypto-native activities and large-scale payment integration is still limited. “Predictions that the stablecoin universe will grow to $1-2 trillion in a few years seem overly optimistic to us,” it was stated. According to JPMorgan, around 88% of stablecoin demand comes from intra-crypto transactions, such as spot and futures, DeFi collateral, and crypto companies’ reserve assets. In comparison, payments account for only 6%. The bank argues that even in the most optimistic scenario, the market size of stablecoins for payment purposes will show a limited increase. It also said a large-scale capital shift from traditional bank deposits or money market funds to stablecoins was unlikely, citing low yields and difficulties in switching between fiat and crypto. Some institutions are much more optimistic than JPMorgan. For example, Standard Chartered predicts that the supply of stablecoins could increase 10-fold by 2028, reaching $2 trillion, if the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act, which is expected to be enacted in the US, is passed. Pointing out that this law will bring legitimacy to the sector, Standard Chartered states that this could lead to a large increase in the supply of US-based stablecoins. *This is not investment advice. Continue Reading: Investment Giant JPMorgan Approaches Stablecoin Market Cautiously! Here Are 2028 Predictions
On July 3rd, Bitcoin experienced a notable price surge, momentarily surpassing the $110,000 threshold, as reported by HT Market data. This movement reflects a 24-hour gain of 2.05%, indicating a
Bitcoin’s recent volatility underscores the market’s sensitivity to US economic data, particularly as hopes for early Federal Reserve rate cuts diminish. The robust US nonfarm payrolls report has shifted investor
The International Monetary Fund (IMF) has rejected Pakistan’s bid to offer subsidised electricity to Bitcoin mining operations, dealing a significant blow to the nation’s bold plans to become a regional crypto hub shortly after its high-profile debut of its first strategic Bitcoin reserve. While testifying before the Senate Standing Committee on Energy on Thursday, Secretary of Power Dr. Fakhray Alam Irfan said that the IMF was concerned about creating market distortions. The government had proposed allocating 2,000 megawatts from its 7,000 MW electricity surplus to cryptocurrency mining and other energy-intensive industries at rates of 23-24 Pakistani rupees ($0.08) per kilowatt-hour (kWh). But, the IMF remains skeptical despite surplus power during winter months, cautioning that such incentives resemble tax holidays that have historically undermined market efficiency. “As of now, the IMF has not agreed,” Irfan told lawmakers, suggesting that the project hasn’t been shelved entirely and is under review by the World Bank and other international partners. The IMF has raised red flags about how the government would transition the subsidized electricity back to market rates and contended that similar initiatives had previously failed to yield results. Pakistan’s Pivot Toward Crypto The development follows Pakistan’s creation of a “National Crypto Council” to oversee the formulation of a comprehensive regulatory framework for cryptocurrencies and to lure in foreign investors. The newly formed council tapped former Binance CEO Changpeng Zhao as strategic advisor. Pakistan’s crypto embrace also includes the announcement of a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in May, Pakistan Crypto Council CEO Bilal Bin Saqib revealed that the government followed the United States’ example in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. Saqib promised that the country would “never, ever sell” its holdings of the flagship cryptocurrency. Nonetheless, it’s still unknown how many Bitcoins the country plans to hold, and whether these assets will be bought or acquired via other means.
Bitcoin reverses its push beyond $110,000 as markets discount the odds of the Federal Reserve lowering interest rates before September.
SharpLink Gaming has acquired over $525 million worth of Ethereum in transactions completed in under one month, according to data from Arkham Intelligence. The iGaming and sports betting technology company disclosed on Wednesday that it purchased 198,167 ETH valued at approximately $517 million at an average price of $2,608. The following day, it acquired an additional 2,738 ETH via an over-the-counter transaction worth about $7.09 million. SharpLink Gaming increases stakes with Ether holdings The company’s Ether buying spree began in early June following the close of a funding round. On June 13, it acquired 176,271 ETH for $463 million. Eleven days later, it added 12,207 ETH. With the latest purchase of 4,951 ETH for $12.4 million, SharpLink’s total holdings now stand at more than 202,000 ETH. SharpLink Gaming is buying $ETH , but #Ethereum OGs are selling! SharpLink Gaming announced yesterday that they had bought a total of 198,167 $ETH ($517M) at ~$2,608, and today, they bought another 2,738 $ETH ($7.09M) via OTC. https://t.co/cW8EvzSFxt Meanwhile, wallet 0xe592, an… pic.twitter.com/gHIilcpKce — Lookonchain (@lookonchain) July 3, 2025 On-chain market data tracker EmberCN reported that the company spent a total of $528 million to accumulate 202,800 ETH, at an average purchase price of $2,606. However, the firm’s crypto portfolio is on a $22.92 million loss, based on current market prices. Most of SharpLink’s assets are allocated to liquid-staked Ethereum (lsETH) on staking service Figment, with additional small holdings in CROAK, DAI, and BNB. About $1,700 worth of ETH is unstaked. Bit Digital completes $162.9 million offering for ETH purchases Other institutions joining SharpLink in ETH accumulation this week include Bit Digital, Inc., which announced on July 1 that it had closed an underwritten public offering totaling approximately $162.9 million in net proceeds. The company stated that “all proceeds are going towards ETH investments.” Bit Digital exercised all underwriters’ options and issued 86.25 million shares in the offering. According to the company, it plans to use ETH as its core treasury asset. Elsewhere, Fundstrat’s Tom Lee, a crypto and equities market strategist, joined BitMine Immersion Technologies as Chairman of the Board of Directors last Monday. BitMine also announced a $250 million private placement to support Ethereum accumulation. “The financial services industry and crypto are converging and it really started with stablecoins, which is the ChatGPT of crypto because of its viral adoption by consumers, business banks and now even Visa,” Lee told CNBC. The company also plans to track the value of Ethereum held per share as a performance indicator. “ BitMine can increase the value of ETH held per share by a combination of reinvestment of the company’s cash flows, capital markets activities, and by the change in value of ETH ,” Lee mentioned in his presser. Mega Matrix resume ETH staking with $100K buy On July 2, Mega Matrix Inc. confirmed it had purchased 40 ETH at $2,462 each, an investment of just under $100,000. The company stated the acquisition was meant “to revive its staking operations,” which were suspended in 2024 after regulators questioned the company’s digital asset business model. According to Mega Matrix, the GENIUS Act of 2025 has provided it with “sufficient confidence to resume.” Mega Matrix has opted for a lean setup involving solo staking through Coinbase’s institutional-grade platform, with custody handled by Coinbase Custodian and management through Cactus Wallet. On June 27 the company appointed Yaman Demir as executive director, a veteran in the digital asset industry with ties to more than 20 projects in DeFi, NFTs, stablecoins, and Layer-1 networks. Meanwhile, Bitwise CIO Matt Hougan has predicted that investor interest in Ethereum spot ETFs is likely to accelerate in the coming months. Hougan quoted a July 2 post from the Ethereum Foundation, writing, “ Inflows into Ethereum spot ETFs will accelerate significantly in the second half of the year .” “The phenomenon of stablecoins and stocks moving around Ethereum is a story that traditional investors can easily understand,” he continued, claiming that the reasoning will open doors for more institutions to buy in on ETH. In June alone, net inflows into Ethereum ETFs totaled $1.17 billion. KEY Difference Wire helps crypto brands break through and dominate headlines fast
YZi Labs is now part of a growing alliance of regulated and crypto-native players funding Digital Asset’s Canton Network, a blockchain aiming to merge Wall Street-scale operations with on-chain privacy and composability. On July 3, YZi Labs, the venture capital and incubation firm formerly known as Binance Labs, announced its participation in Digital Asset’s $135 million Series E round, which attracted Wall Street heavyweights like Goldman Sachs, Citadel Securities, and DTCC. The investment, following Digital Asset’s initial June 24 funding reveal, positions YZi Labs alongside traditional finance’s most influential institutions in backing the Canton Network, a public Layer 1 blockchain seeking to reconcile institutional compliance with decentralized infrastructure. The convergence of companies in the multimillion-dollar funding round represents a strategic alignment between crypto’s builders and TradFi’s gatekeepers. Canton’s configurable privacy model has already processed over $1.5 trillion in monthly tokenized U.S. Treasury repo activity, demonstrating that regulated finance is ready to embrace blockchain, but only on certain terms. You might also like: Michael Saylor’s Strategy hit with class-action lawsuit over $5.9 billion BTC loss The institutional onchain revolution takes shape YZi Labs’ investment in Digital Asset can be seen as a strategic play to participate in the growth of blockchain infrastructure that finally meets Wall Street’s demands. Traditional finance has long viewed public blockchains with skepticism, wary of exposing sensitive transactions to full transparency, while private chains remain isolated and cumbersome. Canton Network’s configurable privacy model changes that equation, allowing institutions to control data visibility without sacrificing interoperability. That’s why YZi Labs, alongside Goldman Sachs and Citadel, sees Canton as the missing link for tokenizing real-world assets at scale. With the $135 million capital injection, the Canton Network plans to accelerate its expansion, focusing on three key areas: infrastructure scalability, faster onboarding for regulated entities, and deeper interoperability between applications. According to the announcement, the network’s roadmap over the next 12 to 18 months includes new live deployments, global market expansion, and more seamless application-level composability. “This investment from YZi Labs reinforces the growing demand for blockchain infrastructure that meets the rigorous standards of global financial markets, Yuval Rooz, Co-Founder and CEO of Digital Asset, said. “With this new backing, we’re advancing our mission to bring trillions of dollars more in real-world assets on-chain, creating a more connected and efficient financial ecosystem.” YZi Labs’ involvement also signals a strategic pivot under its rebrand from Binance Labs. Since Changpeng Zhao stepped back from Binance’s exchange operations, YZi has doubled down on infrastructure bridging crypto and traditional systems. Its March investment in Plume Network , a modular blockchain for real-world assets, mirrors the Canton playbook: enabling institutions to tokenize everything from carbon credits to private equity. Similarly, backing AI-data startup Vana and token distribution platform Sign earlier this year reveals a pattern: YZi isn’t chasing speculative DeFi trends but funding rails for mass adoption. The firm claims to manage over $10 billion in assets globally. Read more: JD.com and Ant Group push for yuan-pegged stablecoins to challenge dollar’s digital dominance
On July 3, President Trump highlighted that the latest economic data surpassed market expectations, signaling a stronger labor market. Economists had forecasted an increase in the unemployment rate to 4.3%,
XRP’s price action has entered a defining phase, with recent movements centering around a pivotal Fibonacci retracement level. The 0.382 level, currently sitting near $2.1681, has continued to act as a focal point for consolidation, as highlighted in a recent post by crypto analyst CasiTrades (@CasiTrades). The hourly chart shows a narrowing wedge formation, where the price repeatedly tests the retracement zone and responds with moderate volatility. This consolidation could be laying the groundwork for a decisive move. CasiTrades noted that XRP “continues to respect the 0.382 retracement,” highlighting its significance in the current price structure. Multiple interactions with this level have not yet broken it down, implying the support remains structurally valid. The line marking this retracement has now become the short-term pivot around which bulls and bears are contesting the next move. This Support Zone Will Decide XRP’s Next Move Stepped back to the hourly and the bigger picture becomes clearer. #XRP continues to respect the 0.382 retracement. The exact apex of the consolidation. Every reaction here reinforces just how significant this level is. The… pic.twitter.com/IwiHoNtzBN — CasiTrades (@CasiTrades) July 2, 2025 Resistance at $2.25 Now the Key Breakout Trigger The price recently tested the upper trendline, which sits slightly above the $2.20 zone, and bounced off with notable rejection. However, XRP’s structure still appears bullish in this timeframe, assuming the 0.382 retracement continues to hold. CasiTrades recently highlighted $2.16 to $2.18 as a crucial range for XRP’s consolidation and eventual breakout, and the asset has remained above this range. From a technical standpoint, the market seems to be preparing for a potential move toward $2.25, a level that serves as the next major resistance. XRP fell below this level in June, flipping it from support to resistance . According to the analysis, the confirmation for bullish continuation would come from a clean break above $2.25, followed by a retest of that level as support. Flipping this level back to support would signal market intent for continuation and open the door to higher Fibonacci targets. Key targets include the 0.618 retracement level at $2.3063, aligning with prior rejection zones, and the 1.618 Fibonacci extension at $2.6826 as a potential exhaustion point. An interim resistance around $2.45 may emerge before the final move toward $2.6826, depending on momentum strength . Momentum Indicators to Guide Next Confirmation The RSI on the hourly chart is around 47.79 after a spike near 75, showing that momentum has cooled. Key resistance at $2.25 and $2.45 will test XRP’s strength, and CasiTrades maintains that the bullish structure is intact above the 0.382 retracement. Experts have high expectations for XRP in July , and a break and retest of $2.25 could signal a higher move. The asset is currently trading at $2.24, attempting to break that resistance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post This Support Zone Will Decide XRP Next Move, Says Top Analyst appeared first on Times Tabloid .
A U.S. bankruptcy judge has ruled that Celsius Network can proceed with its $4.3 billion lawsuit against Tether. The case focuses on claims that the USDT issuer improperly sold nearly 40,000 Bitcoin (BTC) in June 2022. The Judge’s Ruling In court documents filed in New York on Monday, Judge Martin Glenn ruled that some aspects of the multibillion-dollar lawsuit had merit. Celsius had accused the stablecoin company of carrying out a “fire sale” of more than 39,500 BTC and applying the proceeds to a debt of $812 million. The now-defunct crypto lender claimed this was done without following agreed-upon procedures, resulting in losses exceeding $4 billion based on current prices. Judge Glenn argued that the alleged verbal permission from former Celsius CEO Alex Mashinsky to liquidate the collateral was “insufficient.” He added that failing to observe a 10-hour grace period for posting collateral could still count as a breach, “oral permission or not.” The judge also said that the digital asset firm’s awareness of Celsius’s insolvency at the time did not give it a legal basis to act independently. However, he dismissed some parts of the lawsuit. For instance, claims against certain Tether entities were dropped due to a lack of personal jurisdiction. Allegations that rely on applying U.S. bankruptcy law outside the country were also dismissed. The judge further decided that Celsius did not prove the defendant had breached its duties under British Virgin Islands (BVI) law regarding good faith and fair dealing. Details of The Case The dispute is centred on a margin call the USDT provider issued during a decline in BTC’s prices three years ago. Celsius says the agreement included a 10-hour window to post additional collateral, but Tether sold the Bitcoin before that period expired. The crypto lender says the respondent’s actions breached their agreement, violated “good faith and fair dealing” under BVI law, and involved fraudulent and preferential transfers that violate the U.S. Bankruptcy Code. According to the filing, the assets were liquidated at an average price of $20,656 per coin, which was below market value. Celsius further alleged that the proceeds were later transferred to the stablecoin operator’s Bitfinex accounts. The transactions also involved U.S.-based staff, accounts, and communications, which it believes gives the case enough ties to be handled in a U.S. court. In August 2024, Tether moved to dismiss the case, arguing the court lacked jurisdictional authority and that the crypto lender’s claims had no legal ground. The company called the lawsuit “baseless” and a “shameless litigation money grab.” CEO Paolo Ardoino said in a statement that Celsius executives had told his organization to sell the BTC “in order to close out its roughly 815 million USDT position.” He added that the lawsuit was an attempt by the bankrupt firm to shift blame for its mismanagement. Celsius completed its bankruptcy process on January 31, 2024, and is currently repaying its creditors. More recently, its former top executive, Mashinsky, was sentenced to 12 years in prison for fraud. The post Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed appeared first on CryptoPotato .