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The crypto market data firm has hired investment bank Moelis as deal-making across the sector accelerates.

JPMorgan’s Jeremy Barnum said the bank would compete with crypto offerings, but warned that stablecoin dividend products are similar to banks without the same regulation.

The LUIXX fund has been modified to hold short-term US Treasuries and meet stablecoin reserve standards. The DIGXX fund now offers an onchain share class.

The major cryptocurrency now faces a key “resistance zone” at $93,500-$95,000, which has capped the price for nearly two months.

Open interest in Bitcoin options continues to exceed futures, marking a move away from leverage-driven speculation towards volatility and risk management strategies.

The banking lobby’s efforts to revisit or reinterpret Congressional decisions regarding stablecoin rewards are driven by attempts to renegotiate settled law and blunted competition afterward, argues the Blockchain Association’s Summer Mersinger.

The study suggests that Ethereum’s role in financial systems makes its token economy a concern for regulators, who may need to consider safeguards for its use in regulated finance.

NEAR Protocol (NEAR) was also a top performer, up 6% from Monday.

The move comes as crypto projects increasingly position themselves as offering payment platforms similar to traditional digital banks but operating on blockchain rails.