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Dec 6

JPMorgan sees signs of DeFi revival

JPMorgan analysts have noted a cautious yet discernible resurgence in DeFi (Decentralized Finance) and NFT (Non-Fungible Token) activities within the cryptocurrency space. This uptick is primarily attributed to the prevailing anticipation surrounding the possible approval of a Bitcoin ETF, which has notably uplifted market sentiment. After a prolonged two-year decline, the recent growth in DeFi and NFT sectors has instilled "some optimism" that the worst may be receding in the medium term, as...

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