In a major milestone for institutional crypto adoption, JPMorgan Chase is now offering financing to clients using spot Bitcoin exchange-traded funds (ETFs) such as BlackRock’s iShares Bitcoin Trust (IBIT) as collateral. This shift, reported by Bloomberg on June 4, 2025, signals growing acceptance of regulated crypto investment vehicles in traditional
Large banks venture into digital currency to remain competitive within the new crypto-financial environment. In a dramatic change of strategy, top US banking institutions JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others are said to be in preliminary talks to issue a jointly created stablecoin. As quoted by
The Chief Executive Officer of JP Morgan, Jamie Dimon, has revealed that the bank will permit its clients to purchase Bitcoin but will not custody the cryptocurrency in the near future. On May 19, at the firm’s annual investor day, the CEO asserted that we were going to permit you
JP Morgan analysts say Bitcoin has stronger upside potential than gold heading into the second half of 2025. In a recent note, they cited fresh corporate interest and growing state-level support as key drivers of the asset’s sustained rally. The analysts believe crypto-related catalysts may fuel further gains and extend
Bitcoin is expected to undergo its fourth halving in April 2024, which will reduce the block reward from 6.25 BTC to 3.125 BTC, making new coins scarcer and more valuable. Amidst this, JPMorgan said that its upcoming halving in April 2024 is already factored into its price, and that a
Ethereum (ETH) has managed to bounce back, defying the recent dip in the crypto market caused by the news of a major hack targeting Ledger, one of the prominent crypto hardware wallet providers. According to CoinMarketCap, ETH is traded at $2,329, marking a1.92% increase in the past 24 hours. However,
The leading altcoin, Avalanche (AVAX), has soared by over 28% within the last 24 hours, reaching a high of $23.95, marking its peak in 15 months. This significant resurgence in Avalanche’s price has been due to a recent collaboration announcement between Onyx by JPMorgan and Apollo Global. This collaboration falls
JPMorgan CEO Jamie Dimon stated he has a major skeptic of crypto tokens. Jamie Dimon advised lawmakers to “be prepared for the worst.” Jamie Dimon, the CEO of JPMorgan Chase & Co., stated in a congressional committee on Wednesday that, Cryptocurrencies are Ponzi schemes. Jamie Dimon has long been skeptical
Dimon then said that there is a 20-30% chance that something much worse may occur. Goldman Sachs CEO David Solomon has previously issued a similar warning. Jamie Dimon, CEO of JPMorgan Chase & Co., recently warned clients on a conference call that something much worse than a recession might be
Exorbitant costs are preventing a major segment of the DeFi community. Ethereum’s share of the decentralized financial sector has decreased. The JPMorgan Chase analyst Nikolaos Panigirtzoglou predicts that Ethereum’s supremacy in the decentralized financial industry would continue to erode. The network will be partitioned into several shards in order to
