JP Morgan Chase announced the launch of its deposit token, JPMD, on Ethereum’s layer-2 network Base, developed in collaboration with Coinbase. The token, designed as ‘commercial bank money,’ will first be available to select institutional clients before potentially expanding to other users. This move dispels earlier speculation that JPMD might be a stablecoin, highlighting JP Morgan’s continued push into blockchain-based financial solutions. The pilot program will run for several months, with regulatory approvals pending for wider adoption. JP Morgan’s blockchain unit, Kinexys, already processes over $2 billion daily, underscoring the bank’s commitment to crypto innovation.
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JPMorgan Launches JPMD Token on Coinbase via Base Network
JPMorgan Chase has chosen Coinbase’s Base network to pilot its newly launched deposit token, JPMD, signaling deeper institutional involvement in blockchain. The pilot, confirmed by Kinexys executive Naveen Mallela, will see a fixed amount of JPMD tokens transferred to Coinbase in the coming days. Base, Coinbase’s Ethereum layer-2 solution launched in 2023, currently leads the market among Ethereum layer-2s. Once the pilot concludes, institutional clients will gain access to JPMD for transactions, further bridging traditional finance and crypto ecosystems.
read moreJPMorgan Tests Tokenized Deposit Token on Coinbase’s Base
JPMorgan will soon test its deposit token, JPMD, on Coinbase’s Base blockchain, enabling institutional clients to conduct on-chain transactions. Unlike stablecoins, JPMD represents a claim on bank deposits and operates within the fractional-reserve system, potentially earning interest and qualifying for deposit insurance. The pilot, expected to run for months, could expand to other currencies and client segments pending regulatory approval. JPMorgan’s move aligns with growing institutional demand for bank-issued digital alternatives and follows its trademark filing for JPMD, covering trading, transfers, and payments. If successful, deposit tokens could become a core tool for cross-border settlements and liquidity management.
read moreJP Morgan to Launch JPMD Token on Base Blockchain
JP Morgan is launching a pilot for its blockchain-based token, JPMD, which will represent dollar deposits and be deployed on Base. The token will initially be transferred from JP Morgan’s digital wallet to Coinbase, enabling institutional clients to use it for transactions. The pilot will run for several months before potential expansion to other users and currencies, pending regulatory approval. This move marks a significant step by a major traditional bank into the crypto space, leveraging blockchain for deposit tokens.
read moreB3 Acquires Andromeda Insights, Launches Crypto Gaming PC
B3, a layer-3 gaming protocol built on Ethereum’s Base network, has acquired gaming PC maker Andromeda Insights to expand into hardware. Its flagship product, the B3PC, features a self-destruct storage drive (with digital wipe or physical destruction options), a built-in hardware wallet, and pre-installed support for on-chain games. The acquisition allows B3 to control the full gaming stack—protocol, games, and hardware—while positioning itself for AI-integrated gameplay. The B3PC, targeting crypto-native users, is available for preorder with a $200 deposit and is set to ship in Q1 2026. B3’s ecosystem includes 80+ games and a native token offering staking benefits.
read moreOlympusDAO Adopts Chainlink CCIP for Cross-Chain Expansion
OlympusDAO has integrated Chainlink CCIP as its primary cross-chain solution, enabling OHM transfers between Ethereum and Solana with plans to expand to networks like Arbitrum and Optimism. The upgrade, approved unanimously by the community, prioritizes security, flexibility, and developer autonomy. Chainlink CCIP’s proven real-world use cases—including tokenized treasury settlements and cross-border CBDC trials—reinforce its reliability. The Cross-Chain Token (CCT) standard ensures efficient, secure transactions while letting OlympusDAO retain control over token contracts. This follows similar CCIP adoptions by projects like BOB and e-HKD+, highlighting growing demand for interoperable DeFi infrastructure. Meanwhile, LINK’s price dipped slightly amid broader market corrections.
read moreEthereum Whales Accumulate ETH as Retail Traders Cash Out
Over the last 30 days, Ethereum whales and sharks—wallets holding between 1,000 and 100,000 ETH—have added a net total of nearly 1.5 million ETH, boosting their combined holdings by 3.70%. These large holders now control about a quarter of all Ether in circulation, signaling confidence in Ethereum’s value despite muted price action. Meanwhile, retail traders have been cashing out as ETH trades in a narrow range around $2,625, nearly 45% below its all-time high. On-chain data reveals growing activity in Layer 2 networks and Ethereum-based services, with transaction volumes surging for protocols like Ethereum Name Service and lending platforms. Institutional interest remains robust, with US spot Ether ETFs recording 19 consecutive days of inflows totaling $1.37 billion, primarily into BlackRock’s iShares Ethereum Trust. The accumulation by large wallets and sustained institutional demand could set the stage for a potential price breakout when market conditions shift.
read moreShopify Adds USDC Payments via Coinbase’s Base Network
Shopify is introducing early access to USDC stablecoin payments in partnership with Coinbase, utilizing its Base Ethereum layer-2 network. The feature, set for a full rollout later this year via Shopify Payments and Shop Pay, aims to streamline crypto transactions for e-commerce. CEO Tobi Lutke highlighted stablecoins as a natural fit for internet commerce, with Coinbase contributing to the underlying payment protocol. This development expands Shopify’s crypto checkout options, offering users cashback incentives and reinforcing the platform’s embrace of blockchain technology.
read moreShopify Adds USDC Payments via Base Blockchain
Shopify has launched USDC stablecoin payments via Coinbase’s Base blockchain, enabling customers to pay with USDC while merchants receive fiat payouts unless they opt to retain the stablecoin. The integration, supported by Stripe, simplifies crypto transactions for merchants and plans to offer 1% cashback on USDC purchases. Despite its potential to mainstream blockchain payments, critics argue that limiting support to Base—instead of multiple chains—reduces accessibility and DeFi composability. This rollout marks a major step for stablecoins in e-commerce but highlights ongoing tensions around interoperability in crypto payments.
read moreShopify & Coinbase Partner to Enable USDC Payments on Base
Shopify and Coinbase announced a partnership to enable USDC stablecoin payments on Base, Coinbase’s layer-2 network, for Shopify merchants. The feature, launching in early access, will be widely available by year-end. The collaboration includes Stripe, which helped develop an open-source Commerce Payments Protocol to handle complex transactions like escrow and refunds. This move signals growing crypto adoption in mainstream ecommerce, with Shopify CEO Tobi Lutke calling stablecoins ‘a natural way to transact on the internet.’ Coinbase CEO Brian Armstrong highlighted the significance of a major ecommerce platform embracing crypto payments. Meanwhile, Circle, USDC’s issuer, saw its stock surge post-IPO, while Shopify and Coinbase shares dipped slightly.
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