News linked to both this project and an event.
According to Cointelegraph, JP Richardson, CEO of Exodus, stated that financial institutions have accelerated their participation in the cryptocurrency market this year—including stablecoin market capitalization reaching an all-time high, Morgan Stanley launching a Bitcoin ETF, Schwab opening a waitlist for spot Bitcoin trading, Franklin Templeton establishing a cryptocurrency division, and Fannie Mae accepting Bitcoin as collateral for loans. Unlike previous cycles, institutional investors have stood out during this bull run, while retail participation has declined sharply. Data from CryptoQuant analyst Darkfost shows that inflows into small accounts holding less than 1 BTC on Binance have hit a record low, with retail activity dropping to its lowest level in nine years. Some retail investors have shifted toward equities and commodities markets. Analysts attribute the absence of retail investors primarily to the cost-of-living crisis and inflationary pressures.
CryptoQuant analyst Darkfost posted on X, stating that the current U.S. inflation structure has gradually become clearer. Although the March CPI recorded the largest month-on-month increase since 2022, core CPI remained largely unchanged, indicating that inflationary pressures have not yet broadly diffused. This trend warrants continued monitoring in upcoming PCE data and over the coming months. So long as this structure persists, it suggests inflation has not yet become systematically embedded in the U.S. economy—instead remaining a temporary phenomenon, potentially linked to geopolitical conflicts. However, if the U.S.-Iran conflict drags on, inflation could gradually evolve into a systemic risk and begin impacting economic growth, at which point the Federal Reserve may be forced to continue raising interest rates.