[{"type":"paragraph","children":[{"text":"Fundamental Global vient de déposer un shelf colossal. "}]},{"type":"paragraph","children":[{"text":"💡 S’ils passent à l’achat, ce serait "},{"text":"la plus grosse position institutionnelle de l’histoire d’Ethereum","bold":true},{"text":"."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"➡️ Et si c’était le signal de départ du prochain bull-run "},{"type":"coin","currencyId":8,"currency":"eth","symbolId":7,"symbol":"eth_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/eth.png","fullName":"Ethereum","character":"ETH/USDT","children":[{"text":""}]},{"text":" ? "}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"Crypto","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Ethereum","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Institutions","children":[{"text":""}]},{"text":" "}]},{"type":"paragraph","children":[{"text":""}]}]

[{"type":"paragraph","children":[{"text":"AMA discussion reveals that 2025 may be a key turning point year for on-chain finance to move from \"Proof of Concept\" to \"mainstream infrastructure\", with the core driving force coming from "},{"text":"breakthroughs in regulatory frameworks and substantial entry of traditional giants.","bold":true}]},{"type":"paragraph","children":[{"bold":true,"text":"Key progress:"}]},{"type":"paragraph","children":[{"text":"1. Regulatory milestones: ","bold":true},{"text":"The US passed "},{"text":"the GENIUS Act ","bold":true},{"text":", and Hong Kong implemented "},{"text":"the Stablecoin Ordinance ","bold":true},{"text":", providing a clear compliance path for stablecoins and other encrypted financial products, sweeping away the biggest obstacle to institutional funds entering."}]},{"type":"paragraph","children":[{"text":"2. Institutional action: BlackRock, JP Morgan Chase, Franklin Templeton ","bold":true},{"text":"and other traditional financial giants have launched tokenized funds or bond products (such as BUIDL funds), no longer watching, but participating in the construction."}]},{"type":"paragraph","children":[{"text":"3. Infrastructure investment: ","bold":true},{"text":"Venture capital is investing heavily in "},{"text":"underlying facilities such as payments and RWA ","bold":true},{"text":", valuing their ability to solve persistent problems such as cost, speed, and compliance, rather than short-term speculative needs."}]},{"type":"paragraph","children":[{"text":"Conclusion ","bold":true},{"text":": Driven by regulation, capital and traditional players, a crypto-driven, more efficient global financial network is accelerating."}]},{"type":"paragraph","children":[{"text":"Detailed explanation of regulatory and institutional dynamics ","bold":true},{"text":": https://blog.ju.com/jucom-ama-new-liquidity-rails-2025/?utm_source=blog\n"},{"type":"topic","character":"Regulation","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"TraditionalFinance","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Institutions","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"compliance","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Turningpoint","children":[{"text":""}]},{"text":" "}]}]