Crypto News
JPMorgan Reportedly Explores Lending Against Clients’ Cryptocurrency Holdings
JPMorgan Chase is reportedly exploring the possibility of lending against clients’ cryptocurrency holdings, marking a significant shift in the bank’s stance on digital assets, according to the FT. This potential policy change comes as the largest U.S. banks increasingly embrace cryptocurrencies, despite CEO Jamie Dimon’s previous criticisms of bitcoin, which he once labeled a “fraud.”Source link
The Ether Machine Goes Public to Offer Institutional Access to a $1.5 Billion Yield Opportunity
The Ether Machine, a company built around ether as a yield asset, has gone public on Nasdaq, backed by a war chest of 400,000 ETH (over $1.5 billion) to open yield opportunities for institutional investors. Company co-founder Andrew Keys believes that ethereum adoption has reached a “pivotal inflection point.” The Ether Machine Goes Public onSource link
JPMorgan Exploring Loans Backed by Bitcoin, Ethereum: FT
The Wall Street giant may allow clients to borrow against crypto holdings, such as Bitcoin and Ethereum, as early as next year.Source link
Brian Quintenz Suddenly Dropped From CFTC Chair Nomination Vote Roster
Brian Quintenz, former commissioner at the U.S. Commodity Futures Trading Commission (CFTC) and current head of policy at the crypto arm of prominent venture capital firm Andreessen Horowitz, has unexpectedly disappeared from the vote roster, according to Lydia Beyoud of Bloomberg. Quintenz had been nominated to lead the commission by U.S. President Donald Trump, butSource link
Solana Clinches 5-Month High, Where to From Here?
Solana hit a five-month high amid surging open interest, though macro headwinds and technicals point to a mixed near-term outlook.Source link