JPMorgan Chase is reportedly looking into crypto-backed loans, signaling a potential shift in how US banks regard crypto assets. The Financial Times reported on Tuesday, citing unidentified sources, that JPMorgan may start lending directly against crypto assets like Bitcoin and Ether. The FT reported this may happen by 2026, though the plans are subject to change….
Strategy, the world’s largest corporate holder of Bitcoin, is launching a new type of stock offering to raise additional funds for further investment in the cryptocurrency. Michael Saylor’s Strategy announced plans to conduct an initial public offering of 5 million shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Strategy will use the…
Blockchain-based investment products and compliance tools are poised to become more than 10 times faster and cheaper than traditional finance (TradFi) offerings, spurring increased digital asset adoption by financial institutions. Traditional financial compliance products are often fragmented and expensive due to complex manual processes, resulting in billions of dollars in costs. “Compliance is an inefficient…
A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether yield, it announced on Monday. It is co-founded by Andrew Keys, a…
Indian cryptocurrency exchange CoinDCX was hacked on Friday, leaving the exchange drained of $44 million. The hackers compromised one of CoinDCX’s internal accounts used for “liquidity provisions” with another exchange through a server breach. No user funds were affected due to the exploit, according to CoinDCX CEO Sumit Gupta. The CEO also said that all customer funds…
The memecoin sector has added almost $17 billion in token valuations since the start of July, surging to $72 billion as of Thursday, up 29% from its $55 billion market cap on June 30. CoinMarketCap data showed that July has seen bigger trading volumes for memecoins than the previous month, with the sector’s 24-hour trading volume peaking…
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