Both ether and bitcoin products saw net inflows despite a drop in underlying asset prices, the report said.
Ethereum has yet to see a material increase in activity despite recent successive upgrades, according to JPMorgan analysts.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Some of the largest banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are reportedly working on a joint stablecoin initiative, the Wall Street Journal reported May 23. Sam Kazemian, founder of Frax Finance, confirmed the development, signaling that the conversations between major banks might have advanced beyond speculation. […]
The post JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance appeared first on CryptoSlate.
The outcome of the discussions will depend on how the U.S. stablecoin legislation turns out, the WSJ report said.
JPMorgan analysts say expectations that the stablecoin market could triple or quadruple in the near future are "far too optimistic."
Mining gross margins expanded sequentially this month, which is encouraging, the bank said.
Dimon reaffirmed his negative stance on Bitcoin despite regulatory shifts under the Trump admin encouraging institutional involvement.
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Bitcoin could keep rising at gold’s expense in the second half of the year, boosted by corporate buying and growing support from U.S. states, according to JPMorgan analysts.
JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned […]
The post JPMorgan bridges blockchain and traditional finance in landmark pilot transaction appeared first on CryptoSlate.
JPMorgan's blockchain unit Kinexys, Chainlink and Ondo Finance teamed up to test cross-chain settlement of a tokenized U.S. Treasuries fund.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Mining profitability fell in April as the network hashrate increased 6%, the report said.
Eight of the largest banks in the Middle East and North Africa region are now using JPMorgan's Kinexys blockchain platform for payments.
JPMorgan says gold is attracting safe-haven demand from ETF and futures investors, while bitcoin is seeing the opposite trend.
MARA Holdings and CleanSpark outperformed BTC, while miners with exposure to high-performance computing, such as Bitdeer, TeraWulf, IREN and Riot Platforms underperformed.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan now lets companies make 24/7 blockchain payments in British pounds (GBP), adding to its euro (EUR) and dollar (USD) options.
Bitcoin's role as "digital gold" is being tested as volatility and ETF outflows raise investor doubts, according to JPMorgan analysts.
The monthly performance was the third-worst on record, the report said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The top five yield-bearing stablecoins, including Ethena's USDe, have seen rapid growth since the U.S. election, JPMorgan analysts said.
U.S.-listed miners maintained their share of the network hashrate at around 30%, the report said.
Bitcoin Miner IREN Upgraded to Overweight, Cipher Mining Cut to Neutral: JPMorgan
The continued growth of publicly listed bitcoin miners is expected as they push further into vertical integration, JPMorgan analysts said.
A number of U.S. states have rejected the idea of using bitcoin as a reserve asset due to its volatility, the report said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan sees less than a 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles.