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JPMorgan pilots tokenized deposit token on Base, targeting instant dollar transfers

JPMorgan pilots tokenized deposit token on Base, targeting instant dollar transfers

JPMorgan will pilot a dollar-denominated deposit token called JPMD on Coinbase’s Base blockchain within days, global blockchain division co-head Naveen Mallela said in an interview with Bloomberg News on June 17.  The test will transfer a fixed amount of JPMD from the bank’s digital wallet to Coinbase, making the token available to selected institutional users […]

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Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act

Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act

Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president.  In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that

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Kraken’s L2 network rolls out native INK token to power protocol incentives, allocation

Kraken’s L2 network rolls out native INK token to power protocol incentives, allocation

Ink Foundation announced on June 17 that it would mint 1 billion INK tokens to fund user-run liquidity on Ink, the Ethereum layer-2 network backed by Kraken.  The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined

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Thailand crypto tax reform exempts digital asset profits for five years

Thailand crypto tax reform exempts digital asset profits for five years

Thailand has announced a significant tax reform to position itself as a leading crypto-friendly nation. On June 17, the country’s Cabinet approved a five-year personal tax exemption on profits from selling digital assets, including Bitcoin. The measure takes effect from January 2025 and will run until December 2029. Deputy Finance Minister Julapun Amornvivat explained on

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Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate

Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate

Bitcoin tumbled back to $106,000 in early Tuesday trading after U.S. President Donald Trump denied claims he was involved in brokering a ceasefire between Iran and Israel, shaking markets that had priced in potential de-escalation. The late-night Truth Social post from Trump, published just before midnight Eastern time, blasted French President Emmanuel Macron and dismissed

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Bank of America Charts Bitcoin Among Most Disruptive 1,000-Year Innovations

Bank of America Charts Bitcoin Among Most Disruptive 1,000-Year Innovations

Bank of America now places bitcoin among the most disruptive forces in a millennium, signaling Wall Street’s awakening to its historic role in reshaping global financial power. 1,000 Years of Disruption: Bank of America Ranks Bitcoin Among Humanity’s Greatest Innovations Bank of America (BofA) Global Research released a long-term chart outlining 1,000 years of technological

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Bitcoin delivers 90% risk-adjusted return to 60/40 portfolios with 10% allocation, 2x gold’s risk efficiency

Bitcoin delivers 90% risk-adjusted return to 60/40 portfolios with 10% allocation, 2x gold’s risk efficiency

Investors who added 10% in Bitcoin (BTC) to their “60/40 portfolio” strategies got a 90% risk-adjusted return in the past 12 months, outperforming gold’s 51% return in the same period. On a June 16 post via X, the profile Ecoinometrics highlighted BTC’s performance through June 13 and charted the result against total return. A 60/40

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Bybit unveils TradFi platform to blend crypto and traditional markets

Bybit unveils TradFi platform to blend crypto and traditional markets

Bybit launched a new platform on June 16 that allows users to trade gold, forex, stock CFDs, global indices, and commodities directly within its app, a first for any major crypto exchange. The launch of Bybit TradFi expands the company’s offerings beyond digital assets, positioning it as a full-service financial hub aimed at bridging the

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Bitcoin reclaims 8k amid upward consolidation as war tensions show signs of easing

Bitcoin reclaims $108k amid upward consolidation as war tensions show signs of easing

Bitcoin (BTC) reclaimed the $108,000 threshold on June 16 as tensions of war escalating in the Middle East fell after Iran signaled it was open to negotiations with the US and Israel. Bitcoin’s move up regained the price level surrendered on June 12 while markets processed the initial flare-up in Israeli-Iranian hostilities.  The “Bitfinex Alpha” report

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ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE), on-chain analyst ZachXBT reported in a June 16 post on X. WhiteRock surfaced in December 2024 with an anonymous team, overstated user counts, and unverifiable claims about a USDX reserve, researchers at Blokiments wrote in

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