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Think Banks Don’t Move Markets? Bitcoin’s DeFi Hopes May Be Crushed by TradFi’s Collateral Grab

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DeFi connected to Bitcoin has been reshaped as funding and access have moved toward TradFi: JPMorgan has explored accepting BTC and ETH as loan collateral, and Fidelity has added Solana trading for eligible U.S. clients, influencing liquidity, spreads, and settlement paths.
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