JPMorgan Chase, the largest bank in the U.S., is doubling down on its bet on the crypto space by launching its own eponymous token, further blurring the lines between commercial banking and the crypto industry. The bank announced on Tuesday that it would be piloting the new digital currency called JPMD in the coming days, in partnership with crypto exchange Coinbase. Rather than a stablecoin, as some were expecting, JPMD will be a deposit token—a digital representation of a bank deposit that is managed with blockchain technology. The company filed a trademark for “JPMD” over the weekend. “This pilot combines the credibility of both JPMorgan and Base to help bring institutional money into a more global economy,” Jesse Pollack, VP of engineering at Coinbase, said in a statement. The token will be used to settle transfers around the clock and make cross-border business-to-business payments on Base, Naveen Mallela, global co-head of JPMorgan Chase’s blockchain division, Kinexys, told Fortune. “We have always believed in having a token-based solution on public blockchains,” he said. The bank plans to issue JPMD on Base, a public Ethereum-based blockchain managed by Coinbase. It will be exclusively available to JPMorgan’s institutional clients, which include corporations and pension funds, according to Mallela. However, JPMorgan plans to expand the use of its JPMD token to more institutional clients over the next few months.Deposit tokens vs. stablecoins JPMorgan’s decision to create a deposit token instead of a stablecoin is a noteworthy break in an otherwise new corporate trend, and allows the bank to stand out in a crowded field. Several major companies including Meta and Google have recently expressed interest in incorporating stablecoins into their payment structures, likely because the cryptocurrency—which is backed 1:1 to the U.S. dollar—is considered more stable than other forms of crypto like Bitcoin. JPMorgan chose to launch a deposit token, rather than a stablecoin, because of its different use cases, Mallela said. Stablecoins, such as Tether’s USDT and Circle’s USDC, are primarily used by retail clients for crypto trading, remittances, and as a store of value, and are managed by crypto companies, he says. Deposit tokens, on the other hand, are more suitable for institutional clients because they are issued by a licensed bank, making them better integrated into existing institutional financial systems. “Institutional clients can treat JPMD as bank deposits on their balance sheet, providing certainty around financial and accounting treatment,” Mallela said. Each JPMD deposit token traded on Base will represent a deposit claim against JPMorgan. Rather than being backed 1:1 by the U.S. dollar like a stablecoin, JPMD will be backed by “the same liquidity frameworks as traditional banks,” Mallela said.

BTC/USD Current Price: $104,931 ⏱️ Timeframe: 4-Hour 📈 Indicator: Moving Average (Red, likely EMA/MA 9 or 14) --- 🔍 Technical Analysis 1. Short-Term Trend: BTC is currently showing a sideways pattern with a bearish bias. After a sharp drop in early June, price attempted a recovery but failed to create a new higher high. 2. Support & Resistance Levels: Key support: $102,500 — this area has provided strong bouncebacks recently. Key resistance: $107,000 — price has been repeatedly rejected from this zone. 3. Moving Average Insight: Price is trading below the MA, signaling short-term bearish momentum. The MA line is starting to curve downward, reinforcing the selling pressure. 4. Price Action: Market structure is forming lower highs and lower lows since early June. No strong reversal signal yet — the sideways range under the MA could mean accumulation or distribution. --- 🧭 Outlook & Scenarios Bullish Scenario: A breakout above $107,000 with strong volume could push BTC toward the $110,000–$111,000 area. Bearish Scenario: A breakdown below $102,500 opens the door to a deeper drop toward $100,000 or even $98,000. --- 🧠 Note for Traders: > Sideways markets can be tricky — avoid premature entries without clear breakout or breakdown confirmation. Be patient, focus on risk management, and watch volume near support/resistance zones.

The Nobitex breach was caused by “access control failures,” and the stolen funds remain untouched, a security expert told Decrypt. A pro-Israel hacking group has claimed responsibility for breaching Iran's largest crypto exchange, draining more than $90 million in digital assets while warning of further attacks on what they described as regime-linked financial infrastructure. The attack on Nobitex, first reported by blockchain investigator ZachXBT on Wednesday morning, saw hackers exploit multiple blockchain networks using provocatively named wallet addresses including "TKFuckiRGCTerroristsNoBiTEXy2r7mNX" on the Tron network. The stolen assets included $49.3 million on Tron, $24.3 million on EVM-compatible chains, $2 million in Bitcoin, and $6.7 million in Dogecoin, according to blockchain security firm Cyvers."The breach at Nobitex appears to stem from a critical failure in access controls, allowing attackers to infiltrate internal systems and drain hot wallets across multiple blockchains," said Hakan Unal, senior security operations lead at Cyvers. “Yet, surprisingly, the stolen funds remain unmoved," Unal told Decrypt. “The funds were essentially burned permanently and cannot be touched unless stablecoin issuers were to reissue the centralized stablecoins,” ZachXBT reported.According to blockchain analytics firm Elliptic, "creating vanity addresses with text strings as long as those used in this hack is computationally infeasible," meaning that the hackers do not control the private keys for the addresses in question—effectively burning the funds in order to make a political statement. The hacking group Gonjeshke Darande, also known as Predatory Sparrow, claimed responsibility for the attack in a tweet Wednesday."The Nobitex exchange is at the heart of the regime's efforts to finance terror worldwide, as well as being the regime's favorite sanctions violation tool," the group declared, threatening to release the exchange's source code and internal data within 24 hours. The hack represents the latest escalation in cyber warfare between Israel and Iran, targeting financial systems that Western intelligence agencies say help Tehran circumvent international sanctions. Nobitex serves as a critical gateway for crypto transactions in Iran, where traditional banking faces severe restrictions."Nobitex identified unauthorized access to parts of its infrastructure, specifically affecting our internal communication systems and a portion of our hot wallet,” Nobitex tweeted while confirming the breach in its official statement. The exchange said it suspended platform access for a security audit and said most user funds remain safe in cold wallets.Nobitex noted that it is working with the Iranian Cyber Police, also known as FATA, and other agencies to recover assets and has pledged to cover any losses through its insurance fund and reserves. The hack comes on the heels of Gonjeshke Darande's recent cyberattack on Iran's Bank Sepah, which caused widespread banking disruptions across the country.Predatory Sparrow has previously targeted Iranian steel mills and gas stations, establishing a pattern of attacking infrastructure they claim supports the Iranian regime.$2.1 billion stolen in crypto cyberattacks this yearNobitex’s breach adds to 2025's mounting crypto security breaches, with more than $2.1 billion in digital assets stolen this year according to blockchain security firm CertiK. Wallet breaches, though representing only 23 cases documented this year, have proven the most financially devastating attack method, causing $1.6 billion in damages, the firm said.

Been accumulating $pep for a few months now, since it traded at $0.04 . have no regrets holding ! never selling. it’s lamborghini season coming up shortly and i’ll grab one with my gains 😂😂 soon we see this peak at 1 cent then head to 5 cents … hoping sooner than later!!!!!!! hold hold hold 🚀 📸 yes we can !!!!!!!!!!‍❌

Treasury Secretary Scott Bessent just dropped a major declaration: “Crypto is not a threat to the dollar… stablecoins can reinforce dollar supremacy.” He emphasized that stablecoins could famously bolster demand for U.S. Treasuries—potentially reaching a staggering $2 trillion market cap, which may help lower borrowing costs and solidify the dollar’s global dominance. This aligns perfectly with Circle’s IPO success, where investors signaled confidence in regulated stablecoin infrastructure. Now, with the GENIUS Act clearing Senate hurdles and the Treasury cheering it on, the narrative is clear: stablecoins aren’t just useful—they're strategic assets for the U.S. That's bullish for Circle (CRCL), whose play on USDC and real-world reserves looks smarter by the day. So here’s the big thought: stablecoins are going mainstream in more ways than one. They’ll power payments, drive reserves into Treasuries, and maybe even help fund government budgets indirectly. And unlike wild crypto speculation, stablecoins offer a bridge from traditional finance into blockchain—with less turbulence.

Sweden’s K33 to Raise Funds to Finance Purchase of Up to 1,000 BTC Swedish digital asset broker K33 AB has launched a directed share issue to raise approximately $8 million (SEK 85 million), intended to finance the acquisition of up to 1,000 bitcoin for its corporate treasury. The initiative is part of K33’s broader strategy to enhance operational leverage and strengthen its value proposition to institutional clients. The offering is fully supported by pre-commitments, including a personal investment from K33’s CEO Torbjørn Bull Jenssen, who contributed EUR 100,000 via his investment firm Muunilinst AS. The proceeds will be used to build a significant bitcoin reserve, which K33 views as a competitive advantage in attracting larger institutional partnerships and developing new brokerage products The company emphasized that this BTC accumulation will be non-speculative, held as part of its balance sheet to improve margins and scalability without jeopardizing the underlying assets.