JPMorgan Launches Tokenized Deposit Network
JPMorgan, Citi, BofA, and Wells Fargo plan a tokenized deposit network by 2027 via The Clearing House. JPM Coin runs on Coinbase’s Base. #Update #Crypto
Crypto News
General category for all types of news related to the cryptocurrency world.
Crypto Trust Charter Faces Democratic Pressure
@OCCgov Comptroller Jonathan Gould denies political pressure regarding the national trust charter application from World Liberty Financial, linked to the Trump family, amid scrutiny from lawmakers. #Update #Crypto $BTC
AI Develops AI: Humans Lag Behind
Anthropic’s AI, Claude, now authors over 80% of its codebase, significantly boosting code output since 2024. The company explores AI’s potential for recursive self-improvement. #Update #AI
World Cup Sports Trading Surges with $5M Beta
@Pred launched public access on Base, targeting the 2026 FIFA World Cup with a peer-to-peer sports exchange offering 200ms USDC settlements and live micro-markets for ongoing sports volume. #Update #Crypto
Cryptocurrency Targeted as Russia Pursues Teen
Political activist Bill Browder claims his son, a British teenager, is the first high school student sanctioned by an authoritarian regime over allegations regarding the ruble-pegged stablecoin A7A5. #Update #Legal
Congressman Adds Prediction Markets to Bill
Rep. Bryan Steil plans to include prediction markets like Polymarket and Kalshi in the congressional stock ban bill, targeting insider trading concerns. #Update #Legal
Crypto Clarity Act Advances Amid Bad-Actor Concerns
The U.S. Senate’s Digital Asset Market Clarity Act faces challenges as bipartisan support wanes, with law enforcement groups hesitant; urgency grows for passage before midterm elections. #Update #Crypto $BTC
DeepMind CEO Warns AGI Approaching Fast
Google DeepMind CEO Demis Hassabis predicts artificial general intelligence by 2030, urging society to prepare for its profound impacts. #Update #AI
Chip Shortage Hits Record High Amid AI Boom
The AI boom is causing a global shortage of AI chips, impacting the cryptocurrency market; TSMC’s CEO warns of ongoing supply challenges, while Morgan Stanley notes “chipflation” affecting multiple sectors. #Update #Crypto $BTC $ETH
OCC Chief Blames Democrats for Political Pressure
@WorldLibertyFinancial faces congressional scrutiny as OCC Chief Jonathan Gould claims only Democrats apply political pressure regarding its bank charter, amid concerns over foreign ties and stablecoin regulations. #Update #Crypto $USDT
Visa Mastercard Halt Cuba Operations
Visa and Mastercard halt operations in Cuba following US sanctions, impacting tourism as tourists must now use Mir Cards or UnionPay. #Breaking #Legal @Visa
JPMorgan Warns CLARITY Act Faces Election Risk
JPMorgan analysts warn that the CLARITY Act’s chances of passage may diminish as U.S. midterms approach, complicating crypto regulation efforts amid stablecoin yield debates. #Update #Legal $BTC $ETH
AI Agents Manage $1.2 Trillion at Morgan Stanley
Morgan Stanley empowers AI agents to manage $1.2 trillion in assets, marking a first for Wall Street banks and potentially reshaping traditional banking operations. #Update #Crypto $BTC
Crypto Advisors Uncover Key Due Diligence Questions
Advisors must revisit due diligence on client cash management, regulatory assumptions, and AI’s role in crypto trades as the GENIUS Act approaches implementation by 2027. #Update #Crypto $USDC