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JPMorgan Chase CEO Jamie Dimon warned that the current bull market is “like a little tsunami” that is “very hard to stop,” cautioning that geopolitical and economic risks are building beneath a surging stock market. A Warning Wrapped in a Metaphor Speaking at a Council on Foreign Relations event on June 21, Dimon used a … Read more
Leading central banks, financial institutions, and blockchain firms contributed to the Global Layer One (GL1) white paper on programmable compliance, which outlines a compliance architecture for tokenized financial assets and regulated digital-asset transactions. Contributors include the IMF, Banque de France, J.P. Morgan’s Kinexys unit, and the Monetary Authority of Singapore. Global Institutions Publish Tokenized Asset … Read more
JPMorgan analysts say bitcoin has traded below its estimated production cost for five straight months, pushing about 20% of miners into unprofitable territory. Public miners have responded by selling more than 32,000 BTC in the first quarter to fund operations. Bitcoin Miners Sold 32,000 BTC in Q1 as JPMorgan Flags Growing Profit Pressure Bitcoin miners … Read more
After a recent meeting with Mexico’s President Claudia Sheinbaum at Mexico’s National Palace, Dimon stated that Mexico has a large opportunity to grow over the next 20 years, underscoring developments in energy, infrastructure and tech projects on Mexican soil. JPMorgan CEO Jamie Dimon Highlights Opportunities in Mexico’s Growing Economy JPMorgan Chairman and CEO Jamie Dimon … Read more
JPMorgan warned that Strategy’s ability to fund roughly $1.7 billion in annual dividends could shape the crypto market’s second half, after the company sold bitcoin for the first time since 2022. A $1.7 Billion Question JPMorgan said the crypto market’s second-half performance will hinge in part on how Strategy Inc. (Nasdaq: MSTR) funds its roughly … Read more
Coinbase CEO Brian Armstrong believes competition with China “might be the best thing to happen to America since the cold war,” arguing the rivalry will jolt a complacent U.S. back into excellence. A Bullish Take on Great-Power Rivalry Brian Armstrong, chief executive of the largest U.S. crypto exchange, framed the intensifying contest with China as … Read more
Bank of America has appointed Adam Dixon, a more than 20-year veteran of the firm, as its global head of digital asset transformation, tasking him with steering the second-largest American bank’s crypto and tokenization strategy. A New Crypto Command at a Wall Street Giant The appointment names Dixon global head of digital asset transformation, with … Read more
The Bank for International Settlements and its partners are moving Project Agorá into real-value testing. The initiative aims to make cross-border bank payments faster and cheaper while keeping compliance checks inside the existing financial system. Project Agorá Links Central Banks on Unified Payment Ledger The Bank for International Settlements is preparing to test a blockchain-based … Read more
Fewer than 27,000 BTC now separates Strategy and Blackrock in what has become an unprecedented contest to be the first institution to hold 1 million bitcoin. Two Giants, One Finish Line For much of late 2024 and early 2025, Blackrock’s iShares Bitcoin Trust was regarded as the fastest-growing exchange-traded fund (ETF) in U.S. market history. … Read more
JPMorgan Asset Management has filed with the U.S. Securities and Exchange Commission to launch a second tokenized money market fund on the Ethereum network, accelerating Wall Street’s push to bring traditional finance instruments onchain. Kinexys Powers the Onchain Infrastructure The move comes roughly five months after the bank debuted its first tokenized fund, the Onchain … Read more