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JPMorgan Chase is a global financial services firm, providing solutions to important companies, governments, and institutions in more than 100 countries and territories around the world. The company and its foundations donate approximately $200 million annually to non-profit organizations around the world. Additionally, the company organizes employees to volunteer in local communities, leveraging its resources such as access to financing, economies of scale, global reach, and expertise.
Goldman Sachs and JPMorgan Explore "Computing Power Financialization," Plan to Launch GPU Rental Futures to Hedge AI Risks
sources familiar with the matter have revealed that Goldman Sachs and JPMorgan are exploring trading methods based on the cost of computing power, including futures contracts linked to GPU rental prices. As one of the scarcest resources amid the AI boom, related futures for GPUs are expected to be listed on exchanges later this year.Industry insiders stated that this move reflects how the influx of hundreds of billions of dollars into data centers and the chip sector is reshaping the financial market landscape. For banks financing the construction of AI infrastructure, such innovative instruments could become a new means of risk management. (The Information)
AlphaSense Secures $350 Million in Funding, Valuation Rises to $7.5 Billion
According to the Wall Street Journal, AlphaSense, an AI-powered market intelligence platform, has raised $350 million in funding, achieving a new valuation of $7.5 billion—marking a significant increase from its previous round in 2024, which valued the company at $4 billion. Investors in this round include Accenture and the asset management division of JPMorgan Chase. Jack Kokko, CEO of AlphaSense, stated that the company may pursue an initial public offering (IPO) in the future.
Coincheck receives $65M strategic investment from Japanese telecom giant KDDI
Coincheck Group, a Nasdaq-listed company, announced a strategic investment and business cooperation agreement with Japanese telecom giant KDDI Corporation. KDDI will subscribe to 28,536,516 newly issued common shares of Coincheck Group at a price of $2.28 per share, with a total transaction value of approximately $65 million. JPMorgan served as financial advisor, and De Brauw Blackstone Westbroek and Simpson Thacher & Bartlett LLP served as legal advisors. It is reported that the two parties will collaborate on expanding the digital asset market, including revenue sharing and referral incentive mechanisms. (Businesswire)
JPMorgan: Strategy's Bitcoin Purchases Could Reach $30 Billion This Year
Strategy (formerly MicroStrategy), led by Michael Saylor, has been accelerating its Bitcoin acquisitions this year. JPMorgan analysts stated that if the current pace continues, the company's total Bitcoin purchases for the year could reach approximately $30 billion. So far this year, Strategy has added 145,834 Bitcoin to its holdings, valued at around $11 billion. Analysis indicates that a significant portion of the company's purchases occurred when Bitcoin was below its average cost of roughly $75,000, reflecting a more "opportunistic" allocation strategy.At the current rate, Strategy's total Bitcoin purchases in 2026 could significantly exceed the approximately $22 billion levels seen in 2024 and 2025. Analysts noted that the company has re-accelerated its buying since April, suggesting its strategy is becoming more dependent on market conditions and financing availability. Meanwhile, Strategy's stock continues to trade at a premium of approximately 26% to its net asset value (NAV), providing favorable conditions for the company to continue purchasing Bitcoin through equity and debt financing. The company currently holds approximately 818,334 BTC, with a total value exceeding $65 billion. (The Block)
Bezos's AI LAB valued at nearly $38 billion in financing round
Odaily Jeff Bezos is close to completing a $10 billion financing round, valuing his laboratory at $38 billion. The lab focuses on developing artificial intelligence technology capable of understanding the physical world and transforming engineering and manufacturing.According to informed sources, the company, codenamed "Project Prometheus," plans to finalize a funding round soon, with a valuation reaching $38 billion including the newly injected capital. The sources added that this agreement will position the company as one of the world's most well-funded early-stage startups, which includes an initial $6.2 billion raised in November. However, due to strong market demand, the financing scale has been further expanded. One source revealed that JPMorgan and BlackRock are among the participants in this new round of investment. (Financial Times)
JPMorgan CEO Warns Stablecoins Could “Collapse”; Chances of the Clarity Act Passing This Year Decline
According to a report by Forbes, JPMorgan CEO Jamie Dimon stated that the U.S. crypto market structure bill—the Clarity Act—allows crypto companies to offer deposit-like interest yields on products such as stablecoins, but without corresponding protections; such arrangements “could ultimately collapse,” and he personally will not participate in them. The report notes that disagreements between banks and crypto firms over whether stablecoin accounts may offer interest-like rewards persist, and the likelihood of the Clarity Act passing this year has dropped from nearly 70% to just above 50%. Affected by this uncertainty, Bitcoin recently fell below $76,000.
JPMorgan: Tokenized money market funds struggle to surpass the 15% market share ceiling of stablecoins
According to The Block, JPMorgan analysts noted in their latest report that tokenized money market funds currently account for only about 5% of the stablecoin market size and are expected to continue growing—but unless there is a significant shift in the regulatory environment, they are unlikely to surpass a market share ceiling of 10%–15%. The analysts believe stablecoins remain the preferred cash instrument in the crypto ecosystem due to their widespread use in trading, settlement, cross-border payments, and liquidity management. In contrast, tokenized money market funds—classified as securities—are subject to structural regulatory disadvantages, including requirements for registration, disclosure, and transfer restrictions, making them difficult to circulate freely within on-chain ecosystems. Although the U.S. SEC has introduced streamlined processes for issuing on-chain money market funds, JPMorgan analysts view this as only a “marginal improvement,” insufficient to fundamentally alter the market dynamics between these two asset classes.
JPMorgan Chase Files to Launch Tokenized Money Market Fund JLTXX on Ethereum
JPMorgan Chase has filed an application to launch a tokenized money market fund, JLTXX, on the Ethereum blockchain. Officially named the JPMorgan OnChain Liquidity-Token Money Market Fund, this fund will invest exclusively in US Treasuries and overnight repurchase agreements fully collateralized by US Treasuries or cash. It is designed to meet the eligible reserve asset requirements for stablecoin issuers under the GENIUS Act.Last year, JPMorgan launched its first tokenized money market fund, MONY, on Ethereum.
JPMorgan: Negotiations on the U.S. CLARITY Act Are Nearing Completion, and a Crypto Regulatory Framework Is Expected to Be Finalized
According to CoinDesk, JPMorgan Chase released a research report stating that legislative negotiations for the U.S. CLARITY Act are nearing completion, with contentious issues reduced from over a dozen to just “two or three remaining items.” Discussions regarding stablecoin rewards have also entered a constructive phase. The bill aims to clarify the regulatory framework for digital assets, delineate responsibilities between the SEC and the CFTC, and establish compliance pathways for stablecoins and DeFi platforms. The latest proposal is expected to garner support from both the crypto industry and traditional financial institutions. However, the official text of the bill has not yet been published, nor has a vote been scheduled. Moreover, if Democrats regain control of the House of Representatives in the 2026 midterm elections, the priority for crypto-related legislation may decline, introducing uncertainty into the bill’s progress.
JPMorgan Chase CFO Warns Stablecoins Could Become “Regulatory Arbitrage” Tools, Calls for Unified Regulatory Standards
According to CoinDesk, Jeremy Barnum, Chief Financial Officer of JPMorgan Chase, stated during the company’s first-quarter earnings call that stablecoins—offering bank-like products without being subject to regulatory and consumer protection standards equivalent to those applied to bank deposits—could evolve into tools for “regulatory arbitrage.” He emphasized that if stablecoin issuers allow users to earn interest on reserve assets, this would create a business model similar to banking but lacking capital, liquidity, and safeguarding requirements, resulting in unfair competition. Barnum noted that JPMorgan supports the establishment of a clearer U.S. regulatory framework for digital assets and related yield-bearing products, though he stressed that consistency is more important than speed. Currently, JPMorgan is modernizing its payments business through its blockchain division, Kinexys, which has launched JPM Coin and tokenized deposits. Data shows JPMorgan’s net income for the first quarter rose 13% year-on-year to $16.49 billion.
Securitize Appoints Former SEC Official Brett Redfearn as President and Board Member
Securitize announced the appointment of Brett Redfearn as President and a member of its Board of Directors. Redfearn previously served as Chair of Securitize’s Advisory Board and has now been elevated to this senior leadership role. He brings extensive experience in regulatory and market structure matters from his prior roles at the U.S. Securities and Exchange Commission (SEC), JPMorgan, and Coinbase. Securitize stated that Redfearn will lead the expansion of its regulated platform businesses—including compliant token issuance, trading, and fund management—and will focus on strengthening collaboration with regulators and institutional investors to support the development of a next-generation, tokenization-based financial infrastructure.
“White-Haired Stock Guru” Serenity: SIVE Surges ~1,900% in Three Months, JPMorgan and Fidelity Recently Enter the Fray
“White-Haired Stock Guru” Serenity posted on X platform, reviewing his bullish stance on SIVE. The company's initial share price was only about 4 Swedish Krona (SEK), and now it has accumulated a surge of 1,900% in roughly three months. His bullish judgment has attracted several U.S. institutions, including JPMorgan and Fidelity, to enter the market and gradually start building positions. Serenity also stated that SIVE is “the second most important investment judgment” in his history, second only to his previous bullish stance on AXTI.
Goldman Sachs and JPMorgan Explore "Computing Power Financialization," Plan to Launch GPU Rental Futures to Hedge AI Risks
sources familiar with the matter have revealed that Goldman Sachs and JPMorgan are exploring trading methods based on the cost of computing power, including futures contracts linked to GPU rental prices. As one of the scarcest resources amid the AI boom, related futures for GPUs are expected to be listed on exchanges later this year.Industry insiders stated that this move reflects how the influx of hundreds of billions of dollars into data centers and the chip sector is reshaping the financial market landscape. For banks financing the construction of AI infrastructure, such innovative instruments could become a new means of risk management. (The Information)
“The New Stock God” Serenity: JPMorgan’s Purchase of SIVE Could Trigger Institutional Follow-On Buying
“New Stock God” Serenity posted on X, stating that JPMorgan’s disclosure of acquiring over 5.25% of $SIVE shares carries far greater market significance than the public anticipated. For U.S. institutions, $135 million is merely a small amount—they have ample capacity to acquire up to 25% of the shares; the main constraint lies in the limited number of freely tradable shares available to retail investors. Nevertheless, JPMorgan’s buying signal is expected to trigger follow-on purchases by other major institutions, creating a chain reaction. Since $SIVE’s freely tradable shares are heavily shorted by Swedish hedge funds and various algorithmic funds, the entry of large U.S. institutions into positions will trigger market short-covering activity. Serenity added that this also validates their strategy: first providing investment ideas to retail investors, then letting institutions follow—thereby capturing opportunities in the next CPO super-cycle.
JPMorgan: Tokenized money market funds struggle to surpass the 15% market share ceiling of stablecoins
According to The Block, JPMorgan analysts noted in their latest report that tokenized money market funds currently account for only about 5% of the stablecoin market size and are expected to continue growing—but unless there is a significant shift in the regulatory environment, they are unlikely to surpass a market share ceiling of 10%–15%. The analysts believe stablecoins remain the preferred cash instrument in the crypto ecosystem due to their widespread use in trading, settlement, cross-border payments, and liquidity management. In contrast, tokenized money market funds—classified as securities—are subject to structural regulatory disadvantages, including requirements for registration, disclosure, and transfer restrictions, making them difficult to circulate freely within on-chain ecosystems. Although the U.S. SEC has introduced streamlined processes for issuing on-chain money market funds, JPMorgan analysts view this as only a “marginal improvement,” insufficient to fundamentally alter the market dynamics between these two asset classes.
JPMorgan: If On-Chain Activity Remains Low, ETH and Altcoins May Continue to Underperform Bitcoin
JPMorgan analysts indicate that despite the overall recovery of the crypto market following the Iran conflict, Ethereum and other altcoins continue to underperform Bitcoin. This trend, which has persisted since 2023, may be difficult to reverse in the short term unless there is a significant improvement in network activity, DeFi, and real-world applications.The report points out that, based on spot ETF flows and institutional futures positions, Bitcoin has shown stronger recovery momentum than Ethereum. Spot Bitcoin ETFs have recovered approximately two-thirds of their previous outflows, while spot Ethereum ETFs have only recovered about one-third.Meanwhile, CME futures data shows that institutional investors have been more active in rebuilding their Bitcoin exposure, with Bitcoin futures positions nearly fully recovered. In contrast, Ethereum futures positions remain below previous levels. JPMorgan believes that without stronger on-chain fundamentals and real-world application support, ETH and altcoins are likely to continue underperforming relative to Bitcoin.
JPMorgan: Strategy's Bitcoin Purchases Could Reach $30 Billion This Year
Strategy (formerly MicroStrategy), led by Michael Saylor, has been accelerating its Bitcoin acquisitions this year. JPMorgan analysts stated that if the current pace continues, the company's total Bitcoin purchases for the year could reach approximately $30 billion. So far this year, Strategy has added 145,834 Bitcoin to its holdings, valued at around $11 billion. Analysis indicates that a significant portion of the company's purchases occurred when Bitcoin was below its average cost of roughly $75,000, reflecting a more "opportunistic" allocation strategy.At the current rate, Strategy's total Bitcoin purchases in 2026 could significantly exceed the approximately $22 billion levels seen in 2024 and 2025. Analysts noted that the company has re-accelerated its buying since April, suggesting its strategy is becoming more dependent on market conditions and financing availability. Meanwhile, Strategy's stock continues to trade at a premium of approximately 26% to its net asset value (NAV), providing favorable conditions for the company to continue purchasing Bitcoin through equity and debt financing. The company currently holds approximately 818,334 BTC, with a total value exceeding $65 billion. (The Block)
JPMorgan Chase, Citigroup, and other major banks plan to jointly launch a tokenized deposit network next year to compete with stablecoins.
According to The Wall Street Journal, several major U.S. banks plan to launch a tokenized deposit network next year to counter the growing threat posed by stablecoins and crypto firms—whose incursion into traditional banking services is accelerating under the Trump administration’s supportive policies. This network will bridge traditional payment rails with digital asset infrastructure and will be operated by The Clearing House, a real-time payments network company jointly owned by multiple major banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
XRPL Proposes Upgrade to AMM Mechanism
XRP Ledger developers have submitted a draft amendment titled "AMM Swappable Curves," planning to introduce three types of switchable curves for XRPL's native automated market maker: constant product, concentrated liquidity, and StableSwap, with a programmable Smart AMM to follow.This upgrade aims to allow liquidity providers to choose a more suitable pricing curve based on asset type, thereby improving capital efficiency. Concentrated liquidity is suitable for trading pairs where most transactions are concentrated within a specific price range, while StableSwap is better suited for assets with near 1:1 exchange rates, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and do not require migration.This proposal is seen as a crucial step for XRPL to bridge its DeFi infrastructure gap. Currently, there are over $3 billion in tokenized real-world assets on the XRPL chain, including the recent tokenized U.S. Treasury redemption pilot conducted by Ripple and JPMorgan. However, for these assets to be traded, lent, or generate yields more efficiently, a more mature DeFi liquidity infrastructure is still needed.However, the proposal is still in the draft stage. It will need to go through the XRPL amendment voting process, which could take several months, and its eventual approval remains uncertain. (Coindesk)
Bybit Weekly Report: Probability of Rate Hike Rises to 60%; Peace Talks Cannot Rescue the Crypto Market; DVOL Hits All-Time Low—Caution Advised
Bybit’s latest options weekly report states that BTC rebounded after finding support at the dense $74,000 level last week and is now consolidating near $77,000. A key macro turning point: Nomura has withdrawn its rate-cut expectations, and the CME FedWatch tool shows the probability of a rate hike rising to 60%, completely breaking the “ceasefire → rate cuts → BTC rally” logic chain. Barclays, Goldman Sachs, ING, and JPMorgan all confirm that the rise in long-end yields is driven by three structural factors—debt expansion, AI-related investment, and an increase in the neutral interest rate—unrelated to geopolitical tensions. Bullish catalysts continue to accumulate (SpaceX holding 18,712 BTC, the ARMA reserve proposal, and the CLARITY Act), yet price remains unmoved. DVOL has fallen to ~35%, a historical extreme; no strategy is recommended for now—await DVOL’s recovery above 45% before entering.
JPMorgan: If on-chain activity does not improve significantly, ETH and altcoins may continue underperforming BTC.
According to The Block, JPMorgan stated that although the crypto market as a whole rebounded following the Iran conflict, ETH and other altcoins continue to underperform BTC—a trend that began in 2023 and is unlikely to reverse in the near term unless on-chain activity, DeFi, and real-world applications show clear improvement. JPMorgan noted that spot ETF fund flows and CME futures positioning both indicate institutions are rebuilding risk exposure to BTC more strongly than to ETH. The bank also pointed out that Ethereum’s upgrades over the past several years have not meaningfully boosted on-chain activity; instead, by lowering Layer 2 costs, they have weakened mainnet fee revenue and the burn mechanism.
Moody’s Assigns Fidelity and BlackRock Tokenized Money Market Funds Highest AAA Rating
According to CoinDesk, Moody’s has awarded the highest rating of AAA-mf to Fidelity’s and BlackRock’s tokenized money market funds, signifying that both institutions’ products meet the highest standards in credit quality, liquidity, and capital preservation. Fidelity’s FILQ fund launched on May 6, built on Sygnum’s Desygnate tokenization platform, enabling real-time on-chain cash settlement and supported by infrastructure from J.P. Morgan, Apex Group, and Chainlink; BlackRock’s BUIDL fund launched in March 2024 and currently accounts for approximately 15% of the tokenized Treasury market.
Fidelity International's First Tokenized Fund Receives Moody's Highest AAA-mf Rating
Fidelity International has launched its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), which has received Moody's highest AAA-mf money market fund rating.FILQ functions as the on-chain version of its existing institutional-grade USD Liquidity Fund, referencing the strategy of Fidelity's nearly $7 billion low-volatility net asset value fund. It is designed to serve the 24/7 digital asset market.The fund utilizes tokenization infrastructure provided by Sygnum and is connected to Chainlink oracles to bring daily official net asset value data from JPMorgan onto the blockchain. Investors can subscribe and redeem around the clock using stablecoins.
Related news
“White-Haired Stock Guru” Serenity: SIVE Surges ~1,900% in Three Months, JPMorgan and Fidelity Recently Enter the Fray
“White-Haired Stock Guru” Serenity posted on X platform, reviewing his bullish stance on SIVE. The company's initial share price was only about 4 Swedish Krona (SEK), and now it has accumulated a surge of 1,900% in roughly three months. His bullish judgment has attracted several U.S. institutions, including JPMorgan and Fidelity, to enter the market and gradually start building positions. Serenity also stated that SIVE is “the second most important investment judgment” in his history, second only to his previous bullish stance on AXTI.
Goldman Sachs and JPMorgan Explore "Computing Power Financialization," Plan to Launch GPU Rental Futures to Hedge AI Risks
sources familiar with the matter have revealed that Goldman Sachs and JPMorgan are exploring trading methods based on the cost of computing power, including futures contracts linked to GPU rental prices. As one of the scarcest resources amid the AI boom, related futures for GPUs are expected to be listed on exchanges later this year.Industry insiders stated that this move reflects how the influx of hundreds of billions of dollars into data centers and the chip sector is reshaping the financial market landscape. For banks financing the construction of AI infrastructure, such innovative instruments could become a new means of risk management. (The Information)
“The New Stock God” Serenity: JPMorgan’s Purchase of SIVE Could Trigger Institutional Follow-On Buying
“New Stock God” Serenity posted on X, stating that JPMorgan’s disclosure of acquiring over 5.25% of $SIVE shares carries far greater market significance than the public anticipated. For U.S. institutions, $135 million is merely a small amount—they have ample capacity to acquire up to 25% of the shares; the main constraint lies in the limited number of freely tradable shares available to retail investors. Nevertheless, JPMorgan’s buying signal is expected to trigger follow-on purchases by other major institutions, creating a chain reaction. Since $SIVE’s freely tradable shares are heavily shorted by Swedish hedge funds and various algorithmic funds, the entry of large U.S. institutions into positions will trigger market short-covering activity. Serenity added that this also validates their strategy: first providing investment ideas to retail investors, then letting institutions follow—thereby capturing opportunities in the next CPO super-cycle.
“New Stock God” Serenity: JPMorgan Chase Significantly Increases Holdings of SIVE, Retail Investors May Be “Shaken Out”
“New Stock God” Serenity posted on X platform, stating that although they had been emphasizing to retail investors and Swedish hedge funds the importance of Sivers (SIVE) to the Co-Packaged Optics (CPO) industry chain, the market had not fully taken this perspective seriously. After a large number of retail investors were shaken out of their positions, JPMorgan Chase seized the opportunity to significantly increase its holdings of Sivers shares, with this increase primarily coming from institutional funds. Currently, JPMorgan Chase’s stake in Sivers has rapidly risen from 0.4% last month to over 5% this month.
JPMorgan Chase, Citigroup, and other major banks plan to jointly launch a tokenized deposit network next year to compete with stablecoins.
According to The Wall Street Journal, several major U.S. banks plan to launch a tokenized deposit network next year to counter the growing threat posed by stablecoins and crypto firms—whose incursion into traditional banking services is accelerating under the Trump administration’s supportive policies. This network will bridge traditional payment rails with digital asset infrastructure and will be operated by The Clearing House, a real-time payments network company jointly owned by multiple major banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
AlphaSense Secures $350 Million in Funding, Valuation Rises to $7.5 Billion
According to the Wall Street Journal, AlphaSense, an AI-powered market intelligence platform, has raised $350 million in funding, achieving a new valuation of $7.5 billion—marking a significant increase from its previous round in 2024, which valued the company at $4 billion. Investors in this round include Accenture and the asset management division of JPMorgan Chase. Jack Kokko, CEO of AlphaSense, stated that the company may pursue an initial public offering (IPO) in the future.