Bell Curve Crypto Finally Goes Mainstream | Roundup
Oct 31, 2025
JPMorgan is finally embracing crypto, admitting Jamie Dimon was wrong about its potential. New spot ETFs for Solana, Litecoin, and Hedera are launching, hinting at a shift in the market. Prediction markets are booming, with volumes topping $2B. Trump’s pardon of CZ could change the landscape for US exchanges. Additionally, Western Union is jumping into the crypto game with a dollar-pegged stablecoin on Solana. It’s a thrilling time in the world of crypto!
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Big Bank Embrace Of Crypto
- Jamie Dimon now admits blockchain, smart contracts, stablecoins and digital payments are real and useful.
- JP Morgan's move to accept BTC/ETH as collateral signals institutional acceptance accelerating crypto integration.
Stablecoin Demo Shocked Bankers
- Simon Taylor's 'stablecoin linked cards' demo convinced bankers that banks could become optional for many customers.
- That realization is pushing banks to take stablecoins seriously as a real competitive threat.
Stablecoins Mirror Narrow Banking
- Stablecoins resemble a narrow-banking model: low-risk collateral (T-bills) and lower overhead versus traditional bank loan books.
- This structure threatens banks' net interest margins and forces strategic responses.