Svmuu News: JPMorgan stated that Hyperliquid’s new partnership arrangement will pose a short-term revenue headwind for Circle and Coinbase, and pose a greater long-term threat to Circle’s USDC economic model.The bank believes the deal exposes a “prisoner’s dilemma,” prompting Circle and Coinbase to compete for a share of the USDC market at the expense of each other’s economic interests. JPMorgan lowered its earnings forecasts for both companies, citing Hyperliquid-related changes, weaker cryptocurrency trading volumes, and falling asset prices.(CoinDesk).