Crypto
Stablecoins, ETFs surge as whales stay quiet in crypto market
Institutional participation in the cryptocurrency market is rising rapidly, while whales have effectively disappeared in this cycle, an industry executive said. Exodus CEO JP Richardson said institutions are in a bull market but retail investors do not feel it. He cited record stablecoin market capitalisation and moves by Morgan Stanley, Charles Schwab, Franklin Templeton and Fannie Mae. Analysts also pointed to nine-year-low whale activity and weak small-account inflows.