The evolution path of the prediction market is highly representative: from crypto-native applications (Polymarket), to obtaining traditional financial regulatory licenses (Kalshi) , and then to being integrated by top exchanges and brokerage giants (ICE, Robinhood) . The key to its success lies in meeting the needs of different levels.

Value to different stakeholders:

• For users: the "bet" into a "expression of views" with economic incentives , both entertainment and potential benefits.
• For platforms (such as Robinhood) : It is the perfect tool to increase user engagement rate and achieve cross selling , and can seamlessly integrate into trading apps.
• For institutions (such as ICE): The probability of market generation is high-value alternative Data assets that can be packaged and sold to clients such as hedge funds.

Competitive core: It has been upgraded from simple product experience to comprehensive competition in regulatory status, traffic entrance and data distribution network . Even if newcomers (such as DraftKings) enter the market, it is difficult to shake the ecosystem position of the duopoly.

Thinking: When a track is taken over by traditional financial giants with capital and channel advantages, is there still a chance for crypto-native innovation teams?

Evolution of the competition landscape: https://blog.ju.com/prediction-markets-2026-growth/?utm_source=blog #Competition #TraditionalFinance #Evolution #WallStreet #Track

The market is hovering in a short-term correction (BTC -0.87%, ETH -3.61%), but the macro positive signals released in today's report are far more important than intraday fluctuations and are paving the way for the long-term structure of the market.

Summary of key benefits:

1. Federal Reserve "Green Light": The Federal Reserve officially lifted the ban on banks cooperating with crypto institutions in 2023 , clearing the biggest policy obstacle for traditional banks to enter the crypto field on a large scale . .
2. Head exchanges actively seek change: Bloomberg reported that Binance is evaluating the restart of Binance.US and easing compliance pressure by adjusting the equity structure, showing a trend of actively embracing regulation.
3. Compliance market explosion growth: Hong Kong virtual asset spot ETF total market value soared to $920 million in the third quarter, an increase of up to 217% , proving that institutional funds are pouring into compliance products at high speed.

Observation: Short-term prices are dominated by sentiment and leverage, but medium- and long-term trends are determined by fundamentals and institutions. These signals suggest that the convergence of traditional finance and crypto is accelerating into deep waters.

In-depth macro analysis: https://blog.ju.com/crypto-daily-market-report-dec18-2025/?utm_source=blog #FederalReserve #Regulation #TraditionalFinance #compliance #Macro

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 breakthroughs in regulatory frameworks and substantial entry of traditional giants.

Key progress:

1. Regulatory milestones: The US passed the GENIUS Act , and Hong Kong implemented the Stablecoin Ordinance , providing a clear compliance path for stablecoins and other encrypted financial products, sweeping away the biggest obstacle to institutional funds entering.

2. Institutional action: BlackRock, JP Morgan Chase, Franklin Templeton and other traditional financial giants have launched tokenized funds or bond products (such as BUIDL funds), no longer watching, but participating in the construction.

3. Infrastructure investment: Venture capital is investing heavily in underlying facilities such as payments and RWA , valuing their ability to solve persistent problems such as cost, speed, and compliance, rather than short-term speculative needs.

Conclusion : Driven by regulation, capital and traditional players, a crypto-driven, more efficient global financial network is accelerating.

Detailed explanation of regulatory and institutional dynamics : https://blog.ju.com/jucom-ama-new-liquidity-rails-2025/?utm_source=blog #Regulation #TraditionalFinance #Institutions #compliance #Turningpoint

Looking ahead to 2026, the two most core structural forces are reshaping the market: one is the systematic entry of traditional financial institutions , and the other is the tokenization of trillions of dollars in real-world assets .Specific driving force analysis:

1. Institutionalization: Bitcoin ETFs are just the beginning. In the future, long-term capital such as pension funds and insurance companies will enter on a large scale through compliance infrastructure (such as regulations such as MiCA ), bringing more stable but more "picky" funds.
2. Asset Tokenization : RWA will bring trillions of dollars of traditional assets such as real estate and national debt onto the chain, providing real assets and revenue sources far beyond the current scale for DeFi and public chain ecosystems. This is no longer a concept, giants such as BlackRock and UBS are already laying out.
3. Market impact: This means that the drivers of market volatility will shift from internal narratives such as "halving cycles" to macro liquidity, institutional funding flows, and global regulatory progress .

Outlook: A new market is emerging, driven by institutional capital and real-world assets, with potentially lower volatility but large volumes. What does this mean for ordinary investors?

Complete trend analysis: https://blog.ju.com/crypto-market-outlook-2026-revenue-driven-growth/?utm_source=blog #TraditionalFinance #AssetTokenization #MarketStructure #DrivingForce