1. π¦ JPMorgan Eyes Bitcoin & EthereumβBacked Loans
JPMorgan Chase is exploring the launch of institutional loans secured against clientsβ Bitcoin and Ethereumβexpected as early as 2026. This marks a major strategic pivot for CEO Jamie Dimonβs historically crypto-skeptical institution, aligning with the broader emergence of regulated stablecoins and enhanced digital asset acceptance.
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2. ποΈ Senate Advances Crypto Market-Structure Bill
The Senate Banking Committee released a draft bill to clarify crypto market structure, building on the CLARITY Act and complementing the GENIUS stablecoin framework. It outlines definitions for ancillary assets, exemptions from SEC registration, and sets guidelines for digital asset disclosure. During the same session, Circle stock dropped ~8% after an analyst downgrade.
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3. π¦PNC Teams Up with Coinbase for Crypto-as-a-Service
PNC Bank is partnering with Coinbase to embed crypto trading directly within its banking apps. This collaboration enables PNC customers to seamlessly buy, hold, and sell cryptocurrencies in-app using Coinbaseβs βcrypto-as-a-serviceβ solutionβsignaling traditional financeβs deeper integration of digital assets.
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4. πBitcoin Rallies Stabilize, Altcoins Show Modest Gains
Bitcoins and major altcoins showed slight gains thanks to a new U.S.βJapan trade agreement. Bitcoin sits near $118.3K, Ethereum at $3.8K, Solana +1.3%, XRP +0.1%, though Dogecoin is down ~2.5%. While investor sentiment remains upbeat, momentum may be cooling off.
