JPMorgan

The post BlackRock and JPMorgan to Facilitate $1.2 Quadrillion on the XRP Ledger Across Borders. appeared first on Coinpedia Fintech News In a groundbreaking move, Ripple has joined forces with industry giants BlackRock and JPMorgan through its recent membership in the prestigious International Swaps and Derivatives Association (ISDA). This strategic alliance not only paves the way for Ripple’s XRP to be integrated into the $1.2 quadrillion derivatives market but also enhances the CryptoTradingFund (CTF) System, allowing users to earn CTF…

The post Rebound in Crypto Market In the Near-Term Is Likely To Be Temporary: JPMorgan appeared first on Coinpedia Fintech News JP Morgan, in a research report last week said that any rebound in cryptocurrency markets in the near term is likely to be tactical and not the beginning of a new long-term bullish uptrend. This was because the price of bitcoin (BTC) is currently too high versus its production cost of $43,000, and relative to its volatility-adjusted comparison to…

American multinational finance company, JP Morgan has maintained a bullish stance on the Bitcoin price outlook despite recent bearish trends. The bank has announced the timeline for the conclusion of the ongoing BTC liquidations, predicting a subsequent rebound in the market.  JP Morgan Predicts Bitcoin Market Rebound In August In a research report on Wednesday, JP Morgan suggested that BTC liquidations should abate this July, foreseeing the start of a strong bull market as bearish trends caused by sell-offs subside.…

JPMorgan analysts predict a potential bottom for the current market correction, expecting Bitcoin and altcoins to bounce back strongly in August. The upcoming launch of spot Ethereum ETF could prove to be a major catalyst to trigger the altcoin market rally going ahead. Along with the strong selling pressure in Bitcoin, altcoins too have been facing the brunt in this broader market correction. However, banking giant JPMorgan believes that the bottom could be potentially in as we could be heading…

Avalanche is enabling major financial institutions to bring real-world assets on-chain with customized blockchain solutions. Institutional adoption of Avalanche’s network, including JPMorgan and ANZ, showcases its potential for transforming finance. Discussing the topic of bringing real-world asset (RWA) on-chain, Avalanche has led this revolution. By 2030, tokenized assets are expected to reach a startling $16.1 trillion, underscoring blockchain’s ability to completely change the financial scene. Tokenization 101: Institutions Leverage Avalanche to Test Merits of On-Chain Finance Bringing utility, efficiency and…

Leading bank JPMorgan has taken a pessimistic stance and predicted that demand for spot Ethereum ETFs will be significantly lower than that for their Bitcoin ETF counterparts due to several factors.  The United States Securities and Exchange Commission had approved key regulatory filings from ETF applicants last week.  JPMorgan Expects Low Demand  According to JPMorgan’s research report, the banking giant expects spot Ethereum ETFs to attract about $3 billion in net inflows for the rest of the year. However, it…

Amid the current relief rally, Bitcoin, the leading cryptocurrency, slipped back to $62,500, with other cryptos recording massive declines. JPMorgan made headlines with its analysis, maintaining a cautious stance on Bitcoin and Ethereum in the short term, suggesting no immediate catalysts for bullish price movements. Meanwhile, KangaMoon (KANG) hits over $6.5 million in revenue funding and could become the next 100x altcoin in 2024. JPMorgan Says Bitcoin Remains Bearish in the Short-Term Wall Street Giant JPMorgan has maintained a cautious…

JPMorgan Chase & Co., the largest bank in the United States, has revealed its substantial Bitcoin exchange-traded fund (ETF) holdings. The disclosure includes a variety of investments in different Bitcoin ETFs, showcasing the bank’s significant involvement in the cryptocurrency market. JPMorgan Chase Reveals Bitcoin ETF Holdings The report highlights 25,021 shares of Bitcoin Depot Inc., valued at $47,415. JPMorgan also holds 6,475 shares of the Bitwise Bitcoin ETF, worth $250,647, alongside a smaller stake of 55 shares valued at $2,129.…

The post JPMorgan Analysts: Robinhood’s SEC Notice Unlikely to Affect Ethereum ETF Approvals appeared first on Coinpedia Fintech News Led by Nikolaos Panigirtzoglou, a team of JPMorgan analysts set out a report that contested that the recent Wells notice that was issued to Robinhood Crypto by the U.S. SEC over alleged unregistered security offerings is least likely to hinder the potential approval of spot Ether ETFs. Wells Notice to Robinhood Crypto Robinhood Crypto, which offers various trading cryptocurrencies, including Bitcoin…