JPMorgan Chase has filed a trademark application for ‘JPMD,’ a new cryptocurrency services platform that will offer trading, exchange, transfer, and payment services for various digital assets. The filing indicates the bank’s expanding involvement in crypto, including digital token issuance and payment processing. This news comes as major corporations like Walmart and Amazon are reportedly considering launching their own stablecoins to reduce transaction costs, potentially disrupting traditional financial systems. The trademark application covers a wide range of crypto services, reflecting institutional adoption of blockchain technology.
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0 in Finance and 0 in Crypto last weekWarren Slams GENIUS Act Over Stablecoin Risks Ahead of Vote
Senator Elizabeth Warren has criticized the GENIUS Act, a bill aimed at regulating stablecoins, ahead of its final Senate vote. Warren argues the legislation contains loopholes allowing Big Tech and major retailers to issue private stablecoins, potentially leading to market manipulation and taxpayer bailouts. However, market observers counter that the bill already imposes strict requirements, including reserve backing and AML compliance, and bars non-financial firms from direct issuance. The bill, which has bipartisan support, is expected to pass despite opposition from critics like former congressman Justin Amash, who views it as a threat to monetary innovation. The final vote is scheduled for June 17.
about Warren Slams GENIUS Act Over Stablecoin Risks Ahead of VoteVeChain Leads Top 5 in Real-World Asset Integration
VeChain has emerged as a leader in real-world asset (RWA) integration, ranking among the top five blockchain projects in this space. Supported by partnerships with global giants like Walmart, BMW, and UFC, VeChain leverages smart contracts and NFC/RFID technology to track and authenticate assets across industries, including logistics, healthcare, and sports. The platform’s recent milestones—such as the UFC glove-tracking initiative and VeBetterDAO rewards—highlight its growing influence. With the RWA market projected to hit $2–30 trillion by 2030, VeChain’s ecosystem, fueled by active transactions and token burns, positions it as a key player in bridging physical and digital assets.
about VeChain Leads Top 5 in Real-World Asset IntegrationWalmart, Amazon Eye Stablecoins to Cut Transaction Costs
Major corporations such as Walmart, Amazon, Expedia Group, and unnamed airlines are considering launching their own dollar-pegged stablecoins to save billions in transaction fees, according to a Wall Street Journal report. Stablecoins, which offer faster and cheaper payments, could shift the financial landscape away from traditional banking systems. The GENIUS Act, currently under congressional review, aims to regulate alternative payment systems and could influence these firms’ strategies. Amazon is reportedly focused on stablecoins for online purchases, while Walmart seeks to amend the bill to foster credit-card competition. Companies may also opt to use existing stablecoins instead of creating new ones.
about Walmart, Amazon Eye Stablecoins to Cut Transaction CostsAmazon, Walmart Eye Stablecoins to Cut Payment Costs
Amazon and Walmart are considering launching their own stablecoins or adopting existing ones through a merchant consortium, aiming to bypass costly card transaction fees (1%-3%) and enable instant settlements. Amazon is in early discussions for an in-house token, while Walmart has lobbied for digital payment reforms. The trend follows Shopify’s integration of USDC via Coinbase’s Base network, offering cashback incentives. However, widespread adoption hinges on the GENIUS Act, which seeks to establish a U.S. regulatory framework for stablecoins and recently advanced procedurally. Major U.S. banks are also exploring joint stablecoin ventures, signaling growing institutional interest in digital payment alternatives.
about Amazon, Walmart Eye Stablecoins to Cut Payment CostsWarren Slams Big Tech Stablecoin Plans Under GENIUS Act
Senator Elizabeth Warren and consumer advocates are vehemently opposing potential stablecoin issuance by major corporations like Amazon and Walmart under the pending GENIUS Act. The legislation, which could pass the Senate next week, would establish regulatory guidelines for stablecoins but contains provisions allowing large tech firms and retailers to create their own dollar-pegged cryptocurrencies. Critics argue this would give these companies dangerous control over consumer financial data and the broader economy, while proponents see it as necessary infrastructure for blockchain adoption. The bill has faced Democratic resistance over corporate currency concerns, though key lawmakers now support it. Some Republicans also oppose what they call a ‘giveaway to Big Tech.’ The debate highlights growing mainstream interest in stablecoins beyond crypto-native circles.
about Warren Slams Big Tech Stablecoin Plans Under GENIUS ActAmazon, Walmart Eye Stablecoin Launch to Cut Fees
Amazon and Walmart are reportedly exploring the launch of proprietary stablecoins to streamline payments and reduce credit card processing fees, according to a Wall Street Journal report. These USD-pegged digital assets could save billions by bypassing traditional payment networks, offering instant transfers for suppliers and customers. The move aligns with the GENIUS Act, a bipartisan bill creating a regulatory framework for stablecoins, which recently advanced in the Senate. While corporate stablecoins promise efficiency gains, they must overcome public skepticism post-TerraUSD collapse and ensure regulatory compliance. Success could trigger a crypto bull run and reshape retail finance under evolving U.S. crypto policies.
about Amazon, Walmart Eye Stablecoin Launch to Cut FeesWalmart & Amazon Eye $14B Savings with Stablecoins
Walmart and Amazon are preparing to launch their own stablecoins, backed by U.S. dollars or Treasuries, as the Senate moves closer to passing the GENIUS Act (S.394), which would establish a federal regulatory framework for such digital currencies. The retailers aim to reduce card processing fees, which cost them an estimated $14 billion annually, with potential savings of $1 billion in EBITDA gains for a 1% reduction. The GENIUS Act, sponsored by Sen. Bill Hagerty (R-TN), mandates 100% reserve backing, monthly disclosures, and consumer protections, with bipartisan support. The bill avoids algorithmic assets and focuses solely on payment functionality, marking a shift from previous failed attempts like Meta’s Diem. A Senate vote on June 17 will determine the fate of the legislation, which could pave the way for widespread adoption of retailer-issued stablecoins in e-commerce and supply chains.
about Walmart & Amazon Eye $14B Savings with StablecoinsWalmart, Amazon Eye Stablecoins for E-Commerce Boost
Walmart and Amazon are considering launching their own US dollar-backed stablecoins to streamline e-commerce and cross-border transactions, according to sources cited by The Wall Street Journal. While neither company has confirmed the plans, such a move could significantly disrupt traditional banking partnerships by diverting billions in cash flow. The development highlights the increasing institutional adoption of stablecoins as regulatory clarity improves in the US.
about Walmart, Amazon Eye Stablecoins for E-Commerce Boost60% of Fortune 500 Firms Invest in Blockchain, Coinbase Reports
Coinbase’s Q2 State of Crypto report highlights that 60% of Fortune 500 companies are engaged in blockchain-related projects, with half increasing their spending in this area. The survey, covering 100 top firms, found that 20% consider blockchain a core part of their strategy, though regulatory clarity remains a concern. Small and medium-sized businesses (SMBs) are also embracing crypto, with usage doubling in the past year—over 80% see it as a solution to financial pain points like high transaction fees. Stablecoins are gaining traction, used by 18% of SMBs. Major players like BlackRock and Goldman Sachs have launched blockchain initiatives, while companies like Walmart leverage the tech for supply chain tracking. MicroStrategy’s pivot to Bitcoin treasury highlights corporate crypto adoption trends.
about 60% of Fortune 500 Firms Invest in Blockchain, Coinbase ReportsPonke Partners with 223 for Adult Collectibles & NFC Rewards
Ponke, a leading Solana meme coin, has announced a collaboration with 223, a venture spun out from licensed accessories firm JCorp, to produce adult-oriented collectibles, high-end toys, and cannabis-adjacent products. The new lineup will incorporate NFC chips, enabling token rewards, NFT authenticity proofs, or digital loot box keys via Looty.fi. Ponke will showcase concept designs at the Las Vegas Licensing Expo alongside JCorp’s global IPs, including Disney and Marvel, while exploring co-branding opportunities. The partnership aims to expand Ponke’s physical and digital product offerings, streamline distribution, and enhance its brand scalability. Unlike Pudgy Penguins’ kid-friendly approach, Ponke targets countercultures with premium collector items, leveraging 223’s retail and manufacturing infrastructure for rapid production.
about Ponke Partners with 223 for Adult Collectibles & NFC RewardsBitcoin Volatility & Fed Warns on Trump Tariffs Impact
Bitcoin saw a turbulent week, surging to $106,500 before falling 3.8% to $102,450, triggering $178.46M in liquidations. Ethereum also dropped 4.3%, leading to $264.4M in liquidations. The Federal Reserve cautioned that Trump’s tariffs could worsen inflation, with Walmart raising prices due to trade war impacts. In legal news, an Australian court ruled Bitcoin as money, potentially exempting it from capital gains tax, while MicroStrategy faced a lawsuit over its Bitcoin acquisitions. Despite the volatility, Bitcoin remains close to its all-time high, while Ethereum lags significantly behind its 2021 peak.
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