JPMorgan to Accept Bitcoin ETFs as Loan Collateral in Expansion of Crypto Access: Bloomberg
JPMorgan Chase (JPM) plans to let trading and wealth-management clients use certain crypto-linked assets, including spot bitcoin exchange-traded funds (ETFs), as collateral for loans. Starting in the coming weeks, the bank will offer financing backed by shares of BlackRock’s iShares Bitcoin Trust (IBIT), Bloomberg reported Wednesday, citing people familiar....
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Lightchain AI rises as leading pick while Litecoin clings to legacy with dwindling interest
Litecoin stays quiet while Lightchain AI gains traction, raising $21m with real utility and strong community support. #partnercontent...
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Trump Jr. Denies ‘Trump Wallet’ Ties, Hints at Official Launch with World Liberty
Donald Trump Jr. has refuted any involvement by the Trump family in the recently announced ‘Trump Wallet.’ However, he revealed that an official crypto wallet is being developed through World Liberty Financial. Trump Sons Refutes ‘Trump Wallet’ News On June 3, NFT marketplace Magic Eden announced a partnership with...
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Global X Debuts Covered Call Bitcoin ETF, Aims To Keep Volatility In Check
Investors increasingly seek structured exposure to the crypto market without the rollercoaster of direct ownership, and Global X Management Company LLC is offering a solution. What Happened: The Global X Bitcoin Covered Call ETF (NASDAQ:BCCC), a new ETF, combines Bitcoin-linked exposure with an actively managed covered call strategy. It’s...
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Russia’s War On Illegal Mining Heats Up With Bitcoin Raids
A former electric‐grid executive in Russia has lost roughly ₽7 million (about $88,570) in Bitcoin after law enforcement agents seized his stash. According to a press release from the Investigative Committee for the Amur Oblast, the man—once in charge of technological connection services at the Far Eastern Distribution Company—used...
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Bitcoin, Ethereum, XRP, Dogecoin Trade Mixed As Traders Warn Of Overtrading
The cryptocurrency market showed mixed signals Tuesday, with major crypto tokens holding key support levels despite a modest pullback in the overall market cap. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $104,948.14 -1.2% Ethereum (CRYPTO: ETH) $2,627.91 -0.2% Solana (CRYPTO: SOL) $155.55 -3.2% XRP (CRYPTO: XRP) $2.22 -1.8% Dogecoin...
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Fed Beige Book flags modest decline in activity, stable labor market
In a live reaction to the Federal Reserve’s Beige Book release Wednesday afternoon, Bloomberg’s Federal Reserve and economics reporter Catarina Saraiva highlighted an increasingly cautious mood across U.S. businesses and consumers. Saraiva stated the Federal Reserve’s Beige Book is “pretty…...
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Trump’s Crypto Ties at Forefront as U.S. Lawmakers Weigh Crypto Market Structure Bill
U.S. House of Representatives Republicans are forging ahead with legislation to establish regulations for U.S. crypto markets, dissecting that effort in a pair of hearings on Wednesday, but Democrats insist the complex bill is hurried, flawed and fails to address a chief complaint: their accusations that President Donald Trump...
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South Korea Elects Crypto-Friendly Lee Jae-myung as New President
Crypto-friendly Lee Jae-myung was elected as South Korea’s new president on Wednesday, defeating the incumbent Conservative Party’s leader Kim Moon-soo. During the election Lee made a number of promises to South Korea’s crypto industry, appealing to the nation’s 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds...
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BitFuFu Hits Record 34.1 EH/s Hashrate as Bitcoin Production Surges in May
Bitcoin mining firm BitFuFu posted a record-setting month in May, boosting its hashrate under management to 34.1 exahashes per second (EH/s) and producing 400 BTC, up 91% from April. Most of that production came from cloud-mining clients, who generated 357 BTC, while the remaining 43 BTC came from BitFuFu’s...
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