Institutional adoption often moves slowly, then all at once. This week, we witnessed the latter. In a span of six days, JPMorgan — the world’s largest bank by market cap — executed two landmark transactions on public blockchains, effectively ending the “private chain only” era for Wall Street. Simultaneously, the hunger for regulated crypto exposure remains voracious, with XRP ETFs shattering inflow records despite a lackluster price environment. Network Fees • Bitcoin: On-chain fees declined by -9.7% to $1.61 million, closely tracking the asset’s -5.3% price correction. This correlation indicates a cooling in ... (full story)