Institutional Adoption and Market Cycle Warnings Shape Current Crypto Outlook
Institutional Adoption and Market Cycle Warnings Shape Current Crypto Outlook
The cryptocurrency market is experiencing a blend of expanding institutional involvement and critical market insights. Coinbase has launched its business services in Singapore, aiming to streamline digital payments for startups and SMEs, while Visa is piloting stablecoin payouts for US businesses, showcasing a growing integration of digital assets into mainstream finance. However, a cautionary note comes from Morgan Stanley, which suggests Bitcoin is entering a 'fall' season, advising investors to secure gains ahead of a potential downturn. Meanwhile, regulatory advancements are evident as the UAE's central bank digital currency pilot successfully completed its first transaction. On the altcoin front, the potential launch of a Bitwise Chainlink ETF, indicated by its appearance on the DTCC site, is generating positive sentiment for Chainlink.
Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more.
Visa is piloting a service allowing US dollar stablecoin payouts to crypto wallets from business accounts funded with fiat currency.
Morgan Stanley’s Denny Galindo likens Bitcoin’s cycle to the seasons, warning that the market’s “fall” phase is a time to secure gains before a downturn.
The United Arab Emirates' central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes.
Bitwise’s spot Chainlink ETF has appeared on the Depository Trust and Clearing Corporation’s registry, a sign that it could launch in the near future.