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.
NVIDIA shares, NVDA, fell 7% on Thursday after a US federal choose allowed an investor lawsuit to proceed as a category motion, reviving allegations that the corporate and CEO Jensen Huang hid greater than $1 billion in crypto-mining–associated graphics card gross sales. NVIDIA Accused Of Hiding $1 Billion In Crypto Sales The swimsuit, initially filed…
Stablecoins might pose a major problem to the US banking system over the subsequent a number of years, with as a lot as $500 billion in deposits probably transferring out of conventional banks by the tip of 2028, in accordance with a brand new evaluation from Standard Chartered. Stablecoins Could Pressure Bank Earnings And Deposits…
In a notable shift in its strategy to the cryptocurrency sector, the Division of Justice (DOJ) introduced that it’s going to not goal software program builders who create decentralized platforms for transmitting cryptocurrencies, so long as there isn’t any prison intent. DOJ Eases Stance On Crypto Regulation Appearing Assistant Lawyer Basic Matthew Galeotti conveyed this…
A sudden flash crash rattled crypto markets on Oct. 10, erasing billions in leveraged positions as Bitcoin, Ethereum, and different main tokens plunged earlier than staging partial recoveries. Bitcoin fell greater than 10% at its lowest level, slipping to $101,500 earlier than rebounding to commerce close to $112,500 as of press time. Ethereum equally dropped…
Crypto buying and selling is notoriously tough: emotional choices, missed alerts, extreme leverage, and hidden danger can simply derail even skilled merchants. But due to highly effective instruments, many of those pitfalls are actually avoidable. Below are ten instruments that tackle the commonest buying and selling errors — how they work, what makes them completely…
Solana’s memecoin buying and selling registered $13.9 billion in month-to-month quantity final month, the bottom print since February 2024, when the mania hadn’t but caught fireplace. At the identical time, Polymarket clocked $3.7 billion in quantity, its greatest month since launch, whereas Kalshi posted $4.25 billion in quantity, its second-best efficiency. Together, the 2 largest…