Implemented Signing Status



1. Morgan Stanley–Galaxy Digital: Completed signing and implementation on June 5. It allows high-net-worth clients to exchange BTC and ETH for the corresponding ETP products. This is an already-realized positive development; the short-term price has already priced in the news, so it is unlikely to trigger a significant rally.

2. JPMorgan Accepts Crypto Asset Collateral: At present, only the cooperation framework has been finalized. The official signing and implementation window is concentrated in late June. After implementation, it will directly bring institutional funds into the market, providing positive support for BTC and ETH.

3. Bank of New York Mellon’s UAE Custody Business: The agreement was completed in May and is limited to the Middle East region. Its impact range is limited, so the pull on the market is relatively weak.

II. Signing Time to Be Confirmed (Focus)

1. JPMorgan Collateral Business Agreement: Negotiations have concluded. The market expects an official announcement and signing between June 22 and 30. This is the most critical potential positive development for this month.

2. Expanded Cooperation Between Coinbase and Multiple U.S. Banks: Contract discussions have entered the final stage, and signing is expected to be completed successively in early July.

3. Multinational Regulatory Compliance Agreements: No fixed timetable. This is considered breaking news. Once signed with restrictive clauses, it will constitute a negative factor.

III. Market Response Plan

1. Positive news from signing and implementation in late June

- The first rebound level is 1764. After a breakout, look toward 1849, with 1724 acting as a defensive support.

2. No major signing and implementation this month
The market will continue to follow the current bearish pace. Sell short on strength below 1764, targeting 1687.

3. Sudden negative regulatory signing
A direct breakdown below 1724 would point to further downside toward 1658.

Follow me: I will track the relevant signing announcements in real time. As soon as the news is released, I will immediately inform you of the corresponding trading levels.
BTC-1.82%
ETH-2.18%
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