#Satoshi Net Worth Tops Bill Gates#
Arkham announced on social media that Satoshi Nakamoto is now wealthier than Bill Gates, with a net worth reaching $116.7 billion compared to Gates' $116.2 billion.
💬 What does this mean for the crypto market? How will Satoshi's wealth impact Bitcoin's future and interest from mainstream investors?
#Trump BTC ETF Application#
Truth Social, operated by Trump Media & Technology Group, has applied for a Bitcoin spot ETF through a partner. The fund aims to track Bitcoin's spot price performance. If approved, Truth Social would be the first social media platfor
JPMorgan Chase and major banks in America are considering the issuance of stablecoin.
JPMorgan Chase along with major American banks such as Bank of America, Wells Fargo, and Citi are discussing the issuance of a common stablecoin to compete with USDT and USDC.
Although it is only in the early stages, this move shows that the banking industry does not want to stay out of the stablecoin wave. However, JPMorgan is skeptical about the forecast of 4x growth of the stablecoin market in the next 2 years, saying that it is too optimistic. The main reason is the legal restrictions in the US GENIUS and STABLE bills, which prohibit profitable stablecoins. The banking industry opposes this to protect traditional yielding products. Currently, payment stablecoins may only account for 7–8% of the crypto market. However, profitable stablecoins such as BUIDL or BENJI still have strong growth potential if the new law is passed by the end of 2025.