Golden Finance reported that JPMorgan (JPM) said in a research report on Wednesday that the net inflow of digital assets has reached $12 billion so far this year. If funds continue to maintain the same pace, this number may rise to $26 billion by the end of the year. A report shows that spot Bitcoin ETF has attracted a net inflow of $16 billion. This, combined with futures volume from the Chicago Mercantile Exchange (CME) and funds raised by cryptocurrency venture capital funds, will bring the total inflow into the digital asset market this year to $25 billion. However, not all of these inflows are new funds entering the cryptocurrency space. Analysts led by Nikolaos Panigirtzoglou wrote, “We expect a significant shift from exchange digital wallets to new spot Bitcoin ETFs.”

🙉 JPMorgan doubtful of Solana ETF. While Ethereum's ETF approval was seen as potentially opening the floodgates to other assets, a report from JPM suggests that near-term approval is unlikely.

According to a report by Jinse Finance, JPMorgan (JPM) stated in a research report yesterday that retail investors played a larger role than institutional investors in the sell-off. Due to the lack of positive catalysts, the bank is taking a cautious stance on the cryptocurrency market in the short term.

PANews News on May 3, JPMorgan Chase (JPM) released a report saying that the Crypto Assets market has seen significant profit-taking in recent weeks, and retail investors have played a greater role in the sell-off than institutional investors. JPMorgan noted that retail investor sold Crypto Assets and equity assets in April, Spot Bitcoin exchange exchange-traded funds (ETF) saw outflows, in addition to three headwinds: higher Position, high prices of Bitcoin relative to gold and projected Bitcoin production costs, and weakness in encryption venture capital funding also remained. JPMorgan Chase & Co. has been cautious about the Crypto Assets market in the near term due to the lack of positives and the fading demand in the retail market.

JPMorgan Chase: Bitcoin may fall after the "Halving" because the market is still overbought According to CoinDesk, a research report by JPMorgan Chase & Co. (JPM) said that the price of Bitcoin (BTC) is likely to weaken after Halving rewards, Halving is a quadrennial event that slows down the rise of Bitcoin supply, which is expected to happen this time around April 19-20. J.P. Morgan, based on its analysis of the Bitcoin futures Holdings, believes that after the Halving, the world's most large cap Crypto Assets face downside risks because the market is still in a Overbought mode. In addition, Bitcoin's current price is around $61,200, which is still higher than the bank's Fluctuation Adjusted Comparative Value for Gold, set at $45,000, and the projected production cost of $42,000 after the Halving. The cost of Bitcoin production has historically been the lower bound of the BTC price.

PANews reported on March 22 that, according to CoinDesk, the cryptocurrency market has experienced a sharp correction in the past week, with the price of Bitcoin falling by 15% before rebounding after the FOMC meeting on Wednesday. JPMorgan Chase & Co. (JPM) said in a research note on Thursday that the sell-off may not be over yet as positions look still overbought. JPMorgan analyst Nikolaos Panigirtzoglou said that the market is still quite optimistic about the prospect of a sharp price increase by the end of the year, and an important component of this optimism is that even if the supply of bitcoin decreases after the halving, the demand for bitcoin through ETFs will continue to maintain at the same rate. However, the pace of net inflows into spot bitcoin ETFs has slowed considerably, with significant outflows over the past week. In fact, with the halving approaching, this profit-taking is more likely to continue.

JPMorgan Chase & Co. (JPM) said in a research note on Thursday that the sell-off may not be over yet as positions look overbought. JPMorgan analyst Nikolaos Panigirtzoglou said that the market is still quite optimistic about the prospect of a significant price increase by the end of the year, and an important component of this optimism is that even if the supply of bitcoin decreases after the halving, the demand for bitcoin through ETFs will continue to maintain at the same rate. However, the pace of net inflows into spot Bitcoin ETFs has slowed considerably, with significant outflows over the past week. In fact, with the halving approaching, this profit-taking is more likely to continue. （CoinDesk）

JPMorgan Chase: The Bitcoin sell-off may not be over yet, and it is still overbought According to CoinDesk, the price of Bitcoin fell by 15% over the past week before rebounding after the FOMC meeting on Wednesday. JPMorgan Chase & Co. (JPM) said in a research note on Thursday that the sell-off may not be over yet as positions look still overbought. Nikolaos Panigirtzoglou said that the market is still quite optimistic about the prospect of a significant price increase by the end of the year, and an important component of this optimism is that even if the supply of bitcoin decreases after the halving, the demand for bitcoin through ETFs will continue at the same rate. However, the pace of net inflows into spot Bitcoin ETFs has slowed considerably, with significant outflows over the past week. In fact, with the halving approaching, this profit-taking is more likely to continue.

JPMorgan Chase & Co. (JPM) said in a research note on Thursday that Bitcoin has fallen more than 15% since it first launched spot exchange-traded funds (ETFs) last week, with grayscale Bitcoin trust GBTC outflowing $1.5 billion. The bank previously estimated that up to US$3 billion had been invested in GBTC in the secondary market during 2023 to take advantage of the REIT's relative NAV discount. If this estimate is correct, and considering that $1.5 billion has already exited, then another $1.5 billion may exit the space through GBTC profit-taking, which will put further pressure on Bitcoin prices in the coming weeks. These outflows also put pressure on GBTC drop fees, the report said, adding that "the 1.5% GBTC fee still looks too high compared to other SpotBitcoin ETFs that are at risk of further outflows." If GBTC loses its liquidity advantage, it could exit more capital, possibly an additional $5 billion to $10 billion.

JPMorgan Chase & Co. (JPM) downgraded CleanSpark (CLSK) stock to neutral from overweight and lowered its price target to $8 from $9 in a research note on Friday, noting that the stock is up more than 130% last month, so the current valuation is reasonable, according to Golden Finance. Upgraded Riot Platforms (RIOT) stock to neutral from underweight with a price target of $12 from $8.

JP Morgan CEO Jamie Dimon Continues to Oppose Cryptocurrencies, Citing Ties to Criminals JP Morgan Chase CEO Jamie Dimon reiterated his negative stance on cryptocurrencies, stating that he would "close it down" if he were the U.S. government. Dimon believes that crypto is primarily used by criminals for activities such as money laundering and tax avoidance. Despite his criticism, Dimon has acknowledged the potential of blockchain technology and his bank has utilized it for projects like JPM Coin

JPMorgan's blockchain token, JPM Coin, has been officially launched on the Partio platform to complete interbank settlements. Jointly launched by JPMorgan, DBS Bank, Temasek and Standard Chartered, the Partio platform supports fast multi-currency transactions, but still relies on traditional banking systems for settlement. The application of JPM Coin in Partio marks a further expansion of blockchain technology in interbank transactions, which may significantly increase the frequency of its use. JPMorgan announced back in October that JPM Coin has reached $1 billion in daily transactions, and it expects to increase to $10 billion in daily transactions in the next year or two.

7:00-12:00 Keywords: Solana, Russia, Global X, Ministry of Public Security 1. Solana's market capitalization surpasses USDC; 2. A giant whale spent 22.8 million DAI to buy 11,522 ETH in the early morning; 3. The Russian Ministry of Trade has developed tools for cryptocurrency miners to circumvent Western sanctions; 4. Bloomberg Analysts: Global X Submits Revised Bitcoin ETF Prospectus; 5. FTX addresses transfer tokens worth about $4.9 million on Ethereum and BNB Chain; 6. Head of Payments at JPMorgan Chase: JPM token trading volume could reach $10 billion per day; 7. Stratis: EVM Layer 1 network will be launched, and the original token will be replaced by STRAT at 1:10; 8. Ministry of Public Security: Illegal buying, selling, renting, and lending digital yuan wallets will be punished financially; 9. Monetary Authority of Singapore Official: Hope has learned a lesson from cryptocurrencies about rushing to innovate.

Umar Farooq, global head of financial institution payments at JPMorgan Chase, said JPMorgan Chase's digital token, JPMCoin, could process up to $10 billion in daily transactions in the next year or two, according to Golden Finance. Farooq said he expects trading volume to grow at least 5x to 10x during this period. JPMCoin currently processes about $1 billion per day.

PANews reported on November 15 that, according to Bloomberg, Umar Farooq, global head of financial payments at JPMorgan Chase, said that JPM Coin, JPMorgan's digital token, may process up to $10 billion in daily transactions in the next year or two. Farooq said he expects to see at least a 5x to 10x increase in trading volume during this period. JPM Coin is currently processing about $1 billion per day.

JPMorgan Chase & Co. (JPM) said in a research note that excitement over the possible approval of spot bitcoin exchange-traded funds (ETFs) has fueled a strong rally in digital assets over the past month, but the rise appears to have been overdone, according to Golden Finance. The bank said two main arguments boosted bullish sentiment. Existing funds are more likely to move from current Bitcoin products (such as Grayscale Bitcoin Trust (GBTC), Bitcoin futures ETFs, and listed mining companies) to newly approved spot ETFs rather than new capital into the crypto space. JPMorgan noted that such ETFs already exist in Canada and Europe, but since their launch, there has been little investor interest. In addition, the Bitcoin halving is likely to take place in April or May next year, which is also considered another bullish tailwind for the cryptocurrency market, but this claim is unconvincing because the impact of the halving is unpredictable and has already been priced in.

Takis Georgakopoulos, head of global payments at JPMorgan Chase, said it plans to further expand the use of JPM Coin, which processes around $1 billion worth of transactions per day, and Georgakopoulos said the next step is to consider how to create a more retail version in order to bring the same efficiency to consumers. JPM Coin is a service offered by JPMorgan Chase & Co. that allows wholesale customers to make payments in USD and EUR denominated through a private blockchain network, one of the few real-time blockchain applications implemented at large banks. In addition, the company is running a blockchain-based buyback application and is working on digital deposit tokens to accelerate cross-border settlements. （Bloomberg）

Siemens became the first JPMorgan Chase customer to use JPM Coin, a blockchain-based bank account, with the new programmable payment feature, according to Golden Finance. Programmable payments allow for a wider range of rules than traditional conditional payments. J.P. Morgan offers a new "If-This-Then-That" interface through its online financial portal.

JPMorgan Chase's JPM Coin now allows customers to program their accounts by inserting a set of key conditions that allow them to transfer funds to cover late payments and margin calls, Gold Finance reported. Further, this may help them catch exchange rate differences.

JPMorgan's digital token JPM Coin currently processes $1 billion worth of transactions per day, and Takis Georgakopoulos, head of global payments at JPMorgan, said JPM Coin trades mainly in US dollars every day and plans to continue to expand its use. The company also runs a blockchain-based repo app and is exploring digital deposit tokens to speed up cross-border settlements.

PANews News on October 26, according to Bloomberg, JPMorgan Chase global payments head Takis Georgakopoulos said that the company's digital token JPM Coin currently processes $1 billion worth of transactions per day, and the bank plans to continue to expand its use. Regarding digital deposit tokens, Georgakopoulos said: "The next step is to think about how to create a more retail version that brings the same efficiency to consumers. ” JPM Coin enables wholesale customers to make payments denominated in dollars and euros through a private blockchain network. It's one of the few real-time blockchain applications at big banks, but it's still a fraction of the $10 trillion transactions JPMorgan makes every day.

Golden Finance reported that several industry executives said in an interview with Blockworks that Chase UK’s decision to ban customers from cryptocurrency transactions is “no big deal.” Jesper Johansen, founder and CEO of crypto service provider Northstake, said it was a “ridiculous” decision that goes against the country’s crypto policy goals and the efforts of the company’s parent company. Johansen said that firstly, this ban contradicts the stated policy objectives of the British government, which is to create favorable conditions and a supportive environment for crypto companies to establish and expand their services. Secondly, this ban is inconsistent with JPMorgan Chase’s expansion of its bank-dominated zone. The blockchain platform contradicts JPM Coin’s ambitions. Caspar Sauter, co-founder of decentralized exchange D8X, noted that while Chase UK’s actions follow trends in the banking industry, its approach “contrasts sharply” with those in other European regions, with most European banks expected to Accept digital asset banking services.

Jinse Finance reported that JPMorgan Chase (JPM) said in a research report on Thursday that an analysis of the Chicago Mercantile Exchange (CME) bitcoin futures open interest showed that the unwinding of long positions appears to be in the end stage, rather than the beginning stage. Analyst Nikolaos Panigirtzoglou wrote that, therefore, we see limited short-term downside in the cryptocurrency market. News of Elon Musk's Space X writing off its bitcoin holdings in the previous quarter was an "additional catalyst for a correction in the cryptocurrency market," JPMorgan said. "The news unnerved investors with substantial long positions." The report added that the SEC is appealing the district court's ruling in the Ripple case, and the outcome of the appeal is not expected until next year, which may It will trigger "a new round of legal uncertainty in the encryption market."

According to news from PANews on July 7, according to CoinDesk, JPMorgan Chase (JPM) stated in a research report on Thursday that for a variety of reasons, the US Securities and Exchange Commission (SEC) has imposed restrictions on spot bitcoin exchange-traded funds (ETFs). ) approval will not be a game changer for the cryptocurrency market. "Spot Bitcoin ETFs have existed for some time outside the U.S., Canada and Europe, but have failed to attract significant investor interest," wrote the analysts, led by Nikolaos Panigirtzoglou. Futures funds have some advantages, but they are fairly limited.

JPM Coin, which is more stable than stablecoins, in addition to the US dollar, JPMorgan Chase also entered the euro market JPMorgan Chase launched its own Onyx blockchain network in 2020. It is an early traditional financial institution that embraced blockchain technology. They also issued their own deposit token JPM Coin, which anchors the US dollar at 1:1. Customers deposit in JPMorgan Chase’s U.S. dollars can be converted into JPM Coin, allowing capital flows to be verified by the Onyx system and used as payment and account records in real time, solving the time-consuming process of traditional finance passing through layers of checkpoints. According to a Bloomberg report, JPMorgan started trading in the euro last week. Germany's Siemens was a participant in the first euro payment on the platform, which was a cross-border transaction, said Basak Toprak, head of Coin Systems at JPMorgan in Europe, the Middle East and Africa. While major banks have spent nearly a decade exploring the use of blockchain to improve their processes, few have actually done it commercially at scale. JPM Coin is a rare example of a big bank actually using blockchain, but it's a tiny part of JPMorgan's payments business. Since its launch, the bank has processed about $300 billion in transactions using JPM Coin. In comparison, JPMorgan processes nearly $10 trillion in payments a day in total. JPM Coin, which is more stable than stable coins: Good for traditional finance, JPMorgan Chase is optimistic about the "deposit tokens" issued by banks #币圈 #财经

According to PANews news on June 25, according to Bloomberg, Basak Toprak, director of JPMorgan's Coin system in Europe, the Middle East and Africa, said that the company has used its JPM Coin system to introduce euro-denominated payment methods for corporate customers. It is reported that the system allows wholesale payment customers such as large multinational companies to transfer US dollars or euros between their accounts, or use blockchain instead of traditional payment methods to pay other customers of the bank. Since its launch in 2019, JPMorgan has processed about $300 billion in transactions using JPM Coin. By comparison, JPMorgan processes nearly $10 trillion in total payments per day.

JPMorgan Launches Euro-Denominated Payments for Corporates Using JPM Coin JPMorgan Chase & Co. has expanded its blockchain technology project to include euro-denominated payments for corporate clients using JPM Coin. The first euro payment was conducted by Germany's Siemens AG. JPM Coin has processed $300 billion of transactions since its launch, yet remains a small part of JPMorgan's payments business.

JPMorgan Chase has expanded its blockchain-based payment system, JPM Coin, to provide corporate clients with euro-denominated transactions, Jinse Finance reported. According to Toprak, German tech giant Siemens made the first euro payment on the platform. The JPMorgan Coin payment system was originally launched in 2019 to transfer U.S. dollars. JPM Coin has so far processed more than $300 billion in transactions amid the expansion of the euro.

Jinse Finance reported that JPMorgan Chase (JPM) said in a research report on Thursday that the release of the Hinman filing filed by the US Securities and Exchange Commission (SEC) against Ripple last week was a boost to Ethereum (ETH) and may trigger The trend towards further decentralization of the cryptocurrency market. According to the report, the Hinman document may strengthen the movement between major cryptocurrencies, become more decentralized, and make them appear more like ethereum.

Jinse Finance reported that JPMorgan Chase (JPM) said in a research report on Thursday that the release of the Hinman filing filed by the US Securities and Exchange Commission (SEC) against Ripple last week was a boost to Ethereum (ETH) and may trigger The trend towards further decentralization of the cryptocurrency market. According to the report, the Hinman document may strengthen the movement between major cryptocurrencies, become more decentralized, and make them appear more like ethereum.