Bitcoin surged to a two-month high above $95,500, triggering nearly $600 million in short liquidations as traders reacted to steady U.S. inflation data and mixed corporate earnings. The December CPI report showed inflation holding at 2.7%, reinforcing expectations the Federal Reserve will keep rates unchanged in the near term. Meanwhile, traditional markets offered a mixed picture with bank stocks weighing on indexes while the S&P 500 and Nasdaq held near recent highs.
about Bitcoin Hits 2-Month High, $587M Shorts Liquidated Amid CPI Data
JPMorgan Chase
Bitcoin Could Hit $150K by 2026 on US Reserve & Institutional Demand
Despite a recent 30% correction from its October all-time high, Bitcoin is showing resilience as analysts project a potential surge to $150,000 by 2026. The forecast hinges on growing institutional adoption and the potential impact of a newly established US Strategic Bitcoin Reserve. Market observers draw parallels to 2019’s recovery, suggesting similar catalysts could propel BTC upward.
about Bitcoin Could Hit $150K by 2026 on US Reserve & Institutional DemandElderly Woman Loses $12K in JPMorgan Chase Impersonation Scam
A sophisticated financial crime targeting vulnerable individuals has resulted in a 78-year-old woman losing $12,000 in cash after fraudsters executed a dual-impersonation scam involving JPMorgan Chase and the FBI. This case, now under police investigation in the United States, highlights the evolving tactics used by criminals to exploit trust in major financial institutions and law enforcement, resulting in significant personal financial loss.
about Elderly Woman Loses $12K in JPMorgan Chase Impersonation ScamJPMorgan Launches $100M Tokenized Money Market Fund on Ethereum
In a landmark move for traditional finance, JPMorgan Chase has launched a private tokenized money market fund on the Ethereum blockchain, seeding the product with $100 million of its own capital. This initiative, offered through JPMorgan Asset Management, represents a significant acceleration in Wall Street’s adoption of public blockchains to meet growing institutional demand for on-chain yield and faster settlement.
about JPMorgan Launches $100M Tokenized Money Market Fund on EthereumTwenty One Capital’s $4.5B BTC Move Sparks IPO & Market Concerns
Twenty One Capital, the Bitcoin treasury firm founded by Jack Mallers, is on the cusp of a landmark public listing on the New York Stock Exchange (NYSE). However, its final preparations have sent shockwaves through the cryptocurrency market. The company’s transfer of 43,500 BTC—worth approximately $4.5 billion—into an escrow wallet has ignited fears of a massive sell-off, compounding anxieties as Bitcoin struggles to consolidate above the critical $90,000 support level. This move comes as analysts reveal the firm is grappling with a staggering $1.5 billion unrealized loss on its Bitcoin holdings, casting a shadow over its high-profile market debut.
about Twenty One Capital's $4.5B BTC Move Sparks IPO & Market ConcernsJPMorgan Closes Strike CEO Accounts, Sparks Debanking Fears
JPMorgan Chase has abruptly closed the personal bank accounts of Strike CEO Jack Mallers without providing any explanation, reigniting concerns about systematic debanking of cryptocurrency executives in the United States. The move has sparked fears of a renewed Operation Chokepoint 2.0, potentially signaling coordinated efforts by traditional financial institutions to sever relationships with crypto industry leaders. Mallers revealed the account terminations on social media platform X, expressing frustration that the banking giant repeatedly refused to justify its actions despite multiple inquiries.
about JPMorgan Closes Strike CEO Accounts, Sparks Debanking FearsRipple CEO Backs XRP as JPMorgan, SWIFT Rival
Teucrium Trading CEO Sal Gilbertie has positioned Ripple as a formidable competitor to banking giants JPMorgan Chase and global payment network SWIFT. He emphasized that Ripple’s potential banking license would enable it to operate with the capitalization and discipline of top-tier financial institutions. This endorsement signals growing institutional recognition for XRP’s role in transforming cross-border payments.
about Ripple CEO Backs XRP as JPMorgan, SWIFT RivalJPMorgan Closes Strike CEO Accounts Despite Trump Order
JPMorgan Chase has abruptly closed the bank accounts of Strike CEO Jack Mallers, citing ‘concerning activity’ while refusing to provide specific details. The move comes despite former President Trump’s August executive order explicitly prohibiting debanking of crypto-related initiatives, raising questions about ongoing banking restrictions in the digital asset space and fueling concerns about what crypto industry leaders call ‘Operation Chokepoint 2.0.’
about JPMorgan Closes Strike CEO Accounts Despite Trump OrderMicroStrategy Faces Index Exclusion as Bitcoin Slump Worsens
MicroStrategy, the largest corporate Bitcoin holder, faces potential removal from major stock indices as the crypto market downturn intensifies. JPMorgan analysts warn this could trigger billions in passive fund outflows. The company’s premium valuation has evaporated as investor confidence wanes amid the crypto collapse.
about MicroStrategy Faces Index Exclusion as Bitcoin Slump WorsensAlibaba Develops Bank-Backed Deposit Token for Cross-Border Payments
Alibaba’s global e-commerce division is creating a bank-backed deposit token to facilitate cross-border transactions as China intensifies its regulatory scrutiny of stablecoins. The move mirrors recent developments by traditional financial giants like JPMorgan Chase, representing a significant convergence of traditional banking and blockchain technology in global finance that could reshape international payment systems while maintaining regulatory compliance.
about Alibaba Develops Bank-Backed Deposit Token for Cross-Border PaymentsJPMorgan Launches JPM Coin on Coinbase’s Base Network
JPMorgan Chase has launched its JPM Coin deposit token on Coinbase’s Base network, marking the banking giant’s first deployment of a native payment product on a public blockchain. The move enables institutional clients to conduct instant transactions around the clock, significantly faster than traditional banking settlements, and represents a strategic expansion of the bank’s digital asset operations beyond private networks.
about JPMorgan Launches JPM Coin on Coinbase's Base NetworkBitcoin’s ‘Uptober’ Disappoints Despite Yearly Gains
Bitcoin defied its historical ‘Uptober’ trend by closing the month with significant losses, marking its worst October performance in seven years and creating a 13% gap from its all-time high. Despite the downturn, the cryptocurrency maintains impressive year-to-date gains of 55%, while market analysts remain cautiously optimistic about a potential Q4 recovery despite October’s challenges including the largest liquidation event in cryptocurrency history.
about Bitcoin's 'Uptober' Disappoints Despite Yearly Gains