Circle bearish report is here! JPMorgan Chase: The profit model "scissors gap" swallows up profits, and even with a 10% "emotion
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币界网报道：JPMorgan Chase said that the downward trend in interest rates and the upward trend in distribution costs have formed a "scissors gap" that has eaten up profits. Circle's business model is highly dependent on interest rate changes, and 97% of its revenue comes from reserve income, which makes the company's profitability extremely vulnerable to fluctuations in monetary policy.
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