America's largest bank is exploring crypto-backed lending. |
| CRYPTO-BACKED LOANS AT JPMORGAN? |
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JPMorgan Chase is considering launching loans secured by cryptocurrencies such as bitcoin and ether, according to the Financial Times. The move would represent one of the clearest signals yet that Wall Street's biggest players view digital assets as legitimate collateral.
The shift is particularly striking given CEO Jamie Dimon's history of crypto skepticism. In 2017, he branded bitcoin a "fraud" destined to "blow up." His stance has softened since—in May, he compared crypto ownership to smoking: "I don't think you should smoke, but I defend your right to smoke."
Despite its CEO's public wariness, the bank has been actively utilizing blockchain technology. In 2020, it launched one of the first bank-issued digital currencies called JPM Coin. |
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| TORNADO CASH TRIAL TESTS LIMITS OF DEVELOPERS’ LIABILITY |
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Roman Storm's criminal trial has become ground zero for determining how much responsibility software developers bear for illegal uses of their code. Federal prosecutors allege the Tornado Cash co-founder enabled more than $1 billion in money laundering by creating a cryptocurrency "mixing" service exploited by cybercriminals, including North Korea's Lazarus Group. They argue Storm knowingly operated without proper controls, facilitating crimes on an industrial scale.
Storm's defense team counters that Tornado Cash functioned as a privacy tool comparable to VPNs or encrypted messaging—neutral technology that criminals happened to misuse. Ethereum developer Preston Van Loon testified the platform served legitimate privacy needs, particularly protecting users from hackers. The case hinges on whether code constitutes protected speech or criminal conduct when deployed in decentralized systems. Judge Katherine Failla reportedly expects closing arguments Tuesday or Wednesday, giving Storm roughly five days to mount his defense.
The crypto community has rallied behind Storm, with Ethereum cofounder Vitalik Buterin, Paradigm's Matt Huang, and the Ethereum Foundation contributing to Storm's defense fund that exceeded $2.8 million as of Thursday. |
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| | We are ranking the world's best crypto exchanges and we want your input. This survey will help us capture which platforms sophisticated users trust the most, what features are most important to you and how you want to see exchanges evolve in 2025 and beyond. |
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| CURRENT PRICE OF TOP 5 COINS (7-Day % Change) |
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| Coin | Price | Percent Change | | Bitcoin (BTC) | | $117,933 | | | Ether (ETH) | | $3,726 | | | XRP (XRP) | | $3.18 | | | Tether (USDT) | | $1.00 | | | BNB (BNB) | | $780 | | |
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| CRYPTO IPO PIPELINE SWELLS |
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Crypto custody firm BitGo confidentially filed for a U.S. public offering Monday, joining a parade of digital asset companies rushing to capitalize on surging valuations.
The crypto sector's climb to a $4 trillion market cap has reignited IPO appetite after years of regulatory uncertainty. Clearer rules, corporate treasury adoption, and institutional investment flows are driving the momentum.
Recent filings include crypto exchange Bullish, while stablecoin issuer Circle completed a successful June debut. Asset manager Grayscale and the Winklevoss twins' Gemini exchange have also submitted confidential IPO paperwork. |
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| Goldman Sachs And BNY Join Forces To Transform $7.1 Trillion Money Market Industry With Digital Tokens | | | |
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| Citadel Securities Asks SEC To Tread Cautiously On Tokenization | | | |
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| Polymarket To Return To U.S. After Acquisition | | | |
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