Crypto firms shift from rivals to banks, Jordan Kerridge notes

Crypto firms shift from rivals to banks, Jordan Kerridge notes
Circle gains U.S. trust bank approval

Jordan Kerridge points out that after years of seeking to replace banks, crypto companies are now pursuing bank status themselves.

Circle has received approval to operate as a U.S. national trust bank, a notable shift that Kerridge describes as once unthinkable but now a practical route to mainstreaming crypto.

Kerridge has previously reported on closing a Bitcoin short position after spotting bullish signals in the price heatmap. In a separate note, he pointed out that almost 47% of Bitcoin supply was held at an unrealized loss. These observations reflect his ongoing focus on shifts in crypto market sentiment.

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