JPMorgan exploring crypto-backed loans amid stablecoin push: FT

The Financial Times cited an unidentified source saying CEO Jamie Dimon’s previous remarks about Bitcoin had alienated some potential clients.

The Financial Times cited an unidentified source saying CEO Jamie Dimon’s previous remarks about Bitcoin had alienated some potential clients.
Moonrock Capital founder Simon Dedic says the crypto business is nearing a decisive transition from an early-adopter area of interest to a mainstream market, assigning a 75% chance that the sector will “end crossing the chasm and enter the early-majority part subsequent yr.” Is The Crypto Market Crossing The Chasm? Dedic frames his outlook utilizing…
The total value locked (TVL) in Polygon’s (POL) DeFi ecosystem is up nearly 43% since the start of this year. According to DefiLlama data, the network recorded $864 million in TVL on Jan. 1, and added roughly $400 million in the following months to hit $1.23 billion as of Aug. 18. Furthermore, the POL price…
Tether, the issuer of the market’s largest stablecoin by buying and selling quantity, USDT, is reportedly in discussions to put money into gold mining. The firm goals to channel its substantial cryptocurrency earnings into the metals market. According to a current Financial Times report, Tether is exploring alternatives throughout your entire gold provide chain, together…
Ten years ago, Ethereum was little more than an idea on Reddit. Today, it stands as one of the most significant technological innovations in modern finance. Co-founded by Vitalik Buterin in 2013, Ethereum began with a vision to move beyond Bitcoin’s perceived limitations. Ethereum’s early days That vision sparked interest from fellow technologists, including Gavin…
Crypto liquidations reached $806.44 million in the past 24 hours, wiping out leveraged positions at a scale not seen in weeks. The liquidation cascade followed a steep drawdown in prices: Bitcoin fell from an opening level of $114,163 to a close near $111,931, with intraday extremes stretching from $114,373 down to $110,802. Ethereum mirrored this…
A coalition representing the world’s largest inventory exchanges, has urged securities regulators to take decisive motion in opposition to “tokenized shares,” expressing issues that these crypto belongings pose new dangers for traders and will undermine market integrity. WFE Urges SEC And International Regulators In a letter obtained by Reuters, the World Federation of Exchanges (WFE)…