🚨NEW: The White House will host representatives from the banking and crypto industries this afternoon at 2:30pm ET for the second iteration of stablecoin yield negotiations.
Banks set to attend include @GoldmanSachs, @jpmorgan, @BankofAmerica, @WellsFargo, @Citi, @PNCBank and @usbank, along with trade groups @bankpolicy, @ABABankers and @ICBA. Some of the crypto attendees include @iampaulgrewal of @coinbase, @milesjennings of @a16z, and @SummerMersinger of @BlockchainAssn.
According to two sources familiar with the matter, attendees received an email from the White House yesterday emphasizing the need to come prepared for today’s discussion with serious proposals and a willingness to compromise.

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The previous Polymarket player made a staggering $106,000 in one year with 61,793 trades.

A small profit yielded $100,000.

Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

Goldman Sachs reveals its crypto portfolio of over $2.3 billion for the first time. Photo: CoinGape
Goldman Sachs has revealed its significant exposure to the cryptocurrency market for the first time in a portfolio report submitted to the Securities and Exchange Commission...