JPMorgan's position in the global financial system needs no elaboration—it's the enforcer of dollar hegemony, a temple-level bank, and also one of the most steadfast skeptics in the development of Bitcoin. But reality often comes with dramatic tension.

In Singapore's payment circle, there's a very interesting analogy: MPI value is ten million, but the JPM account is worth one hundred million. Behind these numbers reflects the actual support role that traditional financial infrastructure plays for the crypto ecosystem.

A well-known exchange founder once openly stated that the only decisive factor for the company's development to this point is the partnership with JPMorgan. This is not just polite talk. From bank settlements, compliance audits, to institutional-level services, the endorsement of traditional financial giants has given crypto exchanges market recognition and risk management capabilities.

Ironically, these financial institutions that initially held a skeptical attitude toward cryptocurrencies have now become key providers of industry infrastructure. They don't promote loudly, but behind the scenes, they are deeply involved in the compliance process of the Web3 ecosystem.