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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
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Join now: https://www.gate.io/questionnaire/6679
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Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
✨ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
Just as we declare
- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
JPMorgan CEO: Will allow clients to buy Bitcoin, unlocking $4 trillion purchasing power?
JPMorgan Chase CEO Jamie Dimon, who has long been skeptical of cryptocurrencies, recently announced that it will allow its customers to buy bitcoin, but will not offer custodial services. (Synopsis: JPMorgan: Bitcoin's rally in the second half of the year will outperform gold!) BTC and MSTR simultaneously release bullish signals) (Background added: JPMorgan Chase: Solana and XRP ETF are expected to attract $13.6 billion in the first year if passed) According to The Block, JPMorgan Chase CEO Jamie Dimon recently announced that JPMorgan, the world's largest bank, will allow its customers to buy bitcoin, but will not provide escrow services, only list it on customers' statements. According to a person with knowledge of the bank's plans, the bank is considering offering Bitcoin ETF services to customers. So far, JPMorgan's cryptocurrency investments have been mostly limited to futures-based products, rather than owning Bitcoin directly. Where did Jamie Dimon's doubts about cryptocurrencies turn? The decision marks an important step for the bank in the Web3 space, especially given Dimon's widespread criticism of the cryptocurrency market in the past, and the latest sign of Bitcoin's accelerated entry into mainstream investment. But does this mean that Dimon has turned? Probably not necessarily, he said in a recent hand-held interview that his personal views on Bitcoin remain unchanged, but this does not mean that he will refuse to serve customers. As an example, Dimon said: "I don't think you should smoke, but I defend your right to smoke." Looking back, Jamie Dimon has been a strong critic of cryptocurrencies such as Bitcoin since 2014, and has repeatedly publicly criticized their lack of intrinsic value. Back in 2017, at a CNBC conference with institutional investors, he called bitcoin a "fraud" and likened it to "worse than the 17th-century Dutch tulip bubble," and even warned that any JPMorgan employee who traded bitcoin would be "summarily fired" because it violated company rules and was "stupid and dangerous." In a January 2025 interview with CBS News, he reiterated that "Bitcoin itself has no intrinsic value and is mainly used for sex trafficking, money laundering and ransomware." He even likened Bitcoin to a "useless pet rock" and bluntly described Bitcoin as a "Ponzi scheme", showing that his negative view of Bitcoin has not changed. J.P. Morgan's Aggressive Approach to Blockchain and Cryptocurrencies However, despite Dimon's personal reservations about Bitcoin, J.P. Morgan is at the forefront of blockchain technology and cryptocurrency applications. For example, in 2019, the bank launched its own digital currency "JPM Coin", a US dollar-backed stablecoin for instant payment settlement between institutional customers, and its daily transaction volume has reached $1 billion. In addition, in 2020, JPMorgan also established a blockchain division "Onyx" (now renamed Kinexys), based on the Ethereum network, supporting wholesale payments, peer-to-peer lending and cross-border transactions, and has now processed more than $700 billion in transactions, including Goldman Sachs, DBS Bank and BNP Paribas. J.P. Morgan also invests in Bitcoin-related products, such as BlackRock's IBIT Bitcoin ETF, and provides clearing services for CME's Bitcoin and Ethereum futures and options. Extended reading: J.P. Morgan completed transactions on public chain for the "first time", cooperated with Ondo and Chainlink to settle tokenized assets, and accelerated the convergence of DeFi It is also worth mentioning that according to J.P. Morgan's financial report for the first quarter of 2025, as of March this year, the AUM of J.P. Morgan's asset and wealth management (AWM) department was $4.1 trillion, an increase of 15% over the same period in 2024, which includes investment assets managed by the division for institutional and individual clients, such as stocks, Fixed income securities and alternative investments. Even if JPMorgan clients allocate only 1% of their assets to Bitcoin, it would give Bitcoin $41 billion in buying power. JPMorgan: Bitcoin rally will outperform gold in the second half of this year In addition, the analysis team led by JPMorgan Chase managing director Nikolaos Panigirtzoglou also pointed out in an analysis report last week that the current price action of gold and bitcoin presents a "zero-sum game" relationship, that is, one side will rise at the expense of the other: From mid-February to mid-April, gold's rally was at the expense of bitcoin; Over the past three weeks, the situation has reversed, and the rise in bitcoin has in turn suppressed gold. Based on this observation, J.P. Morgan expects this "zero-sum pattern" to continue until the second half of 2025, but emphasizes that Bitcoin has the opportunity to gain a comparative advantage due to a number of positive factors. Overall, we expect the zero-sum gold-bitcoin game so far this year to continue into the second half of the year, but we tend to believe that the specific catalysts of cryptocurrencies will give bitcoin more upside than gold. Related reports JPMorgan: The risk of Trump's tariff war is gradually clear, is it time to "stop selling on the high" US stocks Tether may be forced to sell bitcoin? JPMorgan: With the new regulations on US stablecoin regulation, the CEO quickly counterattacked JPMorgan: "depreciation trading" is prevalent, and Bitcoin has become a more important investment! Last year's 78 billion magnesium inflows into the coin market hit a record (JPMorgan CEO: Will allow customers to buy bitcoin, unlock $4 trillion in purchasing power? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".