JPMorgan


Markets

Stablecoin Supply Growth Isn't Eating Into Crypto Market Share: JPMorgan

The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.

(Shutterstock)

Videos

Do Kwon’s Extradition Postponed Yet Again; Coinbase Argues Against CFTC Rules

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, including the delay of Do Kwon’s extradition from Montenegro at the request of the country’s top prosecutor. Plus, Coinbase argues against the CFTC's proposed rules regarding prediction markets, and JPMorgan says positive catalysts have been priced in.

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Finance

JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In

Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.

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Markets

Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says

Riot will have the second-largest capacity among U.S. listed bitcoin miners following the purchase, and the deal serves as the latest evaluation of underdeveloped power assets, the report said.

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Markets

Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan

The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said.

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Markets

U.S.-Listed Bitcoin Miners' Share of Global Hashrate Reached Record in July: JPMorgan

The aggregate market cap of 14 tracked bitcoin miners listed in the U.S. rose 29% since the end of June, the report noted.

Bitcoin miners connected to a district heating system in Finland

Tech

Crypto Casino Founder Apologizes for Gambling Away Investor Funds

Galaxy says it has reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds belonging to Zero Edge, Kim's crypto casino.

Zkasino has re-opened ether bridge to users. (Carl Raw/Unsplash)

Finance

Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B

The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group.

(Shutterstock)

Markets

Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan

The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.

(Shutterstock)

Videos

Trump's Official Republican Platform Backs Up Crypto; World Chain Opens to Developers

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as former President Donald Trump's Republican Party has officially adopted a platform that would seek to support crypto innovation. Plus, World Chain is open for developers to use, and a JPMorgan report breaks down the performance of stablecoins and bitcoin miners amid crypto market turmoil.

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