Crypto News

JPMorgan Chase (JPM) CEO Jamie Dimon, known to be a cryptocurrency skeptic, said the bank will allow clients to buy bitcoin—though he's not crazy about it himself. "Personally, when I look at the bitcoin universe ... there's the sex trafficking, the terrorism, I am not a fan of it," Dimon said at the bank's annual investor day Monday, alluding to the occasional use of cryptocurrency to fund illicit activities. Still, Dimon said: "We're going to allow you to buy it. And we are not going to custody it. We're going to put it in statements for clients." JPMorgan's rival Morgan Stanley (MS) has allowed its wealth advisors to pitch spot bitcoin ETFs since August. Earlier this month, Bloomberg reported that Morgan Stanley was looking to...

Tokenized stocks, bigger than Bitcoin? While Bitcoin continues to dominate headlines, many industry leaders are looking ahead to tokenized stocks. Tokenization refers to the process of creating a digital representation of an asset on a blockchain. Cathie Wood, CEO of ARK Invest, raised eyebrows when she predicted that Bitcoin could reach $1.5 million by 2030. At that price, Bitcoin’s fully diluted value (FDV) would be $31.5 trillion. That sounds massive—however, the S&P 500 closed with a total market capitalization of $49.76 trillion on May 16, 2025. Bitcoin is often called digital gold or digital cash, but tokenized stocks represent digital equity in companies—a very different value proposition. Crypto purists argue that tokenized...

JPMorgan Chase customers will soon be able to buy Bitcoin through the bank, CEO Jamie Dimon said Monday during the company’s annual Investor Day. “We are going to allow you to buy it,” Dimon said to shareholders, while adding that the bank won’t hold the asset in custody. The move is especially surprising considering Dimon’s long-held negative views of the leading cryptocurrency. “Bitcoin itself has no intrinsic value,” he said in January. “It’s used heavily by sex traffickers, by money launderers, ransomware. So I just don’t feel great about Bitcoin.” At the time, he also likened the token to smoking. “I applaud your ability to want to buy or sell it, just like I think you have the right to smoke,” he said. “But I don’t think you...

If you have a $2 bill burning a hole in your pocket, think twice before spending it at some store. The bill itself might be worth a lot more than two dollars — enough to build some serious wealth. Certain $2 bills can fetch $4,500 and up on the collectibles market, according to the U.S. Currency Auctions website. Just about all of the really valuable ones were printed in the 19th century. But even bills printed within the last 30 years might be worth hundreds of dollars — if you have the right one. **$2 Bill History** The $2 bill was first printed in 1862 and is still in circulation today. It originally featured a portrait of Alexander Hamilton, but that changed with an 1869 redesign that put Thomas Jefferson on the bill. The most...

U.S. Vice President J.D. Vance will address Bitcoin 2025—the world’s largest Bitcoin conference in Las Vegas—on May 28, BTC Inc. announced. The organizer behind Bitcoin 2025, BTC Inc. is a leading crypto-centric company that is well-known for publishing the Bitcoin Magazine. Tens of thousands of attendees will attend the vice president's keynote address during the “Code + Country” program at the conference. The address will also be streamed globally via Bitcoin Magazine’s channels. In his keynote, the vice president is expected to focus on innovation, financial sovereignty, and Bitcoin's place in a more resilient American future. Well-known for his criticism of regulatory overreach, Vance's views on the U.S. government's interaction...

JPMorgan Chase CEO Jamie Dimon said that the asset management firm will allow its clients to purchase Bitcoin. The firm will, however, not custody the cryptocurrency, he added. "I am not a fan" of Bitcoin, the billionaire CEO clarified. He was addressing the company's Investor Day on May 19 when he made these remarks. With a market cap of $740 billion, JPMorgan Chase is the world's largest bank that has more than $4 trillion in assets under management. Dimon's concession to the cryptocurrency is noteworthy, given his earlier characterization of Bitcoin as "fraud" in September 2017. In fact, Dimon told Sen. Elizabeth Warren (D-MA) during a Senate Banking hearing on Dec. 6, 2023, "I've always been deeply opposed to crypto, bitcoin...

On May 19, during a significant policy address at the SEC Speaks conference, U.S. Securities and Exchange Commission Chairman Paul Atkins criticized the agency’s historical approach to the regulation of cryptocurrency as "reactive" and ineffective. Atkins explained that the SEC initially adopted an "ostrich policy" by ignoring the emergence of crypto. Once engaged, the agency applied a harsh enforcement-first policy, focusing on "accountability later," which he described as ultimately unintelligible and trust-eroding. He advocated for a new regulatory strategy focused on transparency, dialogue, and adaptability. Despite the SEC claiming openness to engagement with crypto projects, Atkins noted that during prior leadership, there was...

"Bitcoin Is the Asset, Ethereum Is the Platform" Blockchains are a technical marvel, but in this vastly competitive landscape, I’ve come to see the social consensus and ecosystem around blockchains as by far their most important strategic asset. The social layer matters, but for different reasons depending on the chain. Specifically, I have the hypothesis that the “Layer 0” for any blockchain ecosystem can only excel at one primary mission. When I say “Layer 0,” what I am really talking about are the communities of people that sustain these networks. They are everyone from enthusiasts to engineers, developers, investors, venture capitalists and volunteers. As public networks that are built with open-source code, the strength of each...

Circle Internet Financial, the issuer of the crypto stablecoin USDC, filed paperwork in early April to go forward with a long-awaited initial public offering. There is a chance, though, that Circle’s IPO won't come to fruition since the company has recently taken part in informal talks to sell itself to Coinbase Global, the largest crypto exchange in the U.S., or to crypto payments company Ripple, according to four banking and private equity executives. These people, who asked not to be identified, said Circle is seeking at least $5 billion, which is the valuation it’s targeting for its IPO. “If Coinbase wanted to buy them, Circle would sell in a heartbeat,” one of the sources, a banker, said. “Things change week by week,” a second...

Monetarium comes to Washington D.C. to debate the future of money. Now in its second year, the event will bring together economists, macro traders, regulators, policymakers, and entrepreneurs to address one of the most urgent questions in global finance: how to stabilize and future-proof the world’s monetary systems. The 2025 edition centers on two critical themes. The first, dubbed Plan A, asks how the U.S. might fix the fiat system by paying down national debt and preserving the dollar. The second, Plan B, explores what should happen if the dollar is devalued — specifically, which alternative currency could emerge as a viable replacement. This year’s event will feature a growing roster of speakers, including Larry White, Professor...

As Bitcoin's price exceeded the $100,000 mark on May 8, market observers expected it to quickly reach a new record high. It wasn't an unwarranted expectation, given the fact that the U.S.-China tariff tensions were gradually easing. However, Bitcoin has been hovering in the price range of $102,000-$105,000 for the past few days. Traders are still keeping a close watch to check when the king coin will break out. Pseudonymous crypto analyst Dave the Wave, who nailed the 2021 crypto market collapse, recently analyzed the price chart and predicted an unexpected course for Bitcoin. On May 17, Dave the Wave posted a price analysis chart on X and wrote, "We all want BTC price higher here and now. But if I were a betting man, I’d say the...

Dogecoin's recent price movement shows a classic battle between bears and bulls, with the meme cryptocurrency finding stability after a significant downtrend. The coin experienced a 9.7% drop from $0.237 to $0.214 before buyers stepped in at key support levels. This buying pressure has created what analysts describe as a "panic zone retest" around the $0.215 mark, which has so far held firm against selling pressure. Market structure indicates DOGE is currently navigating a falling wedge pattern, typically considered a bullish reversal formation when broken to the upside. The Ichimoku cloud on short-term charts shows price lodged in equilibrium territory, with multiple technical indicators converging to create tight reference levels...

Global economic tensions and shifting trade policies continue to create volatility across cryptocurrency markets, with TON experiencing significant downward pressure. The token's recent price action has formed a descending channel with consecutive lower highs and lows, breaking below key support levels on high trading volume. Meanwhile, competing blockchain projects are gaining attention as investors seek alternatives amid market uncertainty, with some analysts projecting potential recovery for TON if it can establish support at current levels. Technical Analysis Highlights This article has been published in finance.yahoo.com via Yahoo News. https://finance.yahoo.com/news/telegram-associated-toncoin-ton-plunges-151049821.html

The Bitcoin network hashrate rose 2% in the first two weeks of May to an average of 885 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Friday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty. Miner profitability improved in May, as the price of bitcoin BTC rose, and gross margins expanded, the bank said. The hashprice, a measure of daily mining profitability, rose 13% from April, which the bank said was "encouraging." "We estimate miners earned ~$50,100 in daily block reward revenue per EH/s over the first two weeks of the month, up 13% from...

For Immediate Release Chicago, IL – May 19, 2025 – Today, Zacks Investment Ideas feature highlights Coinbase COIN. Weekly Option Windfall: Leading Crypto Exchange Offers +34% Profit Potential The journey for Bitcoin investors back to all-time highs hasn't been an easy one. But the world's largest cryptocurrency by market capitalization has been on a tear since bottoming out in early April. Bitcoin continues to hover near the $100,000-level and looks poised to retest the highs from last year. Outside of owning crypto outright, several stocks are making waves in conjunction with Bitcoin's ascent. Coinbase, the largest U.S. cryptocurrency exchange, has been a big beneficiary of the latest move. The company offers the primary financial...

Grant Cardone has long valued real estate as his primary asset class. He doesn’t buy gold or stocks, and he was initially skeptical of Bitcoin. However, he has turned into a Bitcoin bull and is accumulating the asset. In an interview posted to his YouTube channel, Cardone explained what prompted him to change his stance and shared how Bitcoin and real estate have great synergy. Bitcoin and Real Estate Have Scarcity Bitcoin has built-in scarcity, similar to real estate, per Cardone. He explained that both real estate and crypto people value scarcity. There are only 21 million Bitcoin, and only about 1 million haven’t been mined yet. Once all of the Bitcoin is mined, there is no way to produce additional Bitcoin. A central authority...

Photo: Justin Sullivan (Getty Images) Coinbase, the largest U.S. crypto exchange, officially joins the S&P 500 today (May 19), replacing Discover Financial Services (DFS) following its acquisition by Capital One (COF). The move marks a major moment of mainstream legitimacy for crypto, which until recently prided itself on being an alternative to the financial system. Now? It’s embedded in it. With a market cap of $67 billion and shares up almost 30% since the announcement (although news of a hack has also broken since), Coinbase’s inclusion brings more than bragging rights. Passive index funds that track the S&P — and active managers who take it as their benchmark — will be forced to buy Coinbase stock, creating demand and...

As President Donald Trump’s administration goes back and forth on tariffs, so too do economy experts on the likelihood of a recession in 2025. Though a recession may not occur this year, a recession will occur eventually. Modern capitalist economies are built to fluctuate, and what goes up must come down — and then go up again. A recession of any nature would have negative effects on every U.S. state, but it’s appearing that some states are more demonstratively worried about one than others. Techr, an online HR platform, analyzed U.S. Google search volumes over the last 12 months for terms related to recession concerns using Google Keyword Planner. The data was then adjusted per 100,000 residents to determine which states are most...

Crypto investment products brought in $785 million in inflows last week, pushing year-to-date totals to $7.5 billion and marking a full recovery from the nearly $7 billion withdrawn during February and March’s market correction. The rebound was led by U.S.-based investors, who contributed $681 million, followed by $86.3 million from Germany and $24.2 million from Hong Kong. The latter saw its largest inflow since November 2024, according to CoinShares’ latest Digital Asset Fund flows report. Bitcoin BTC products attracted the lion’s share of last week’s inflows at $557 million. That’s a step down from the previous week and comes as the U.S. Federal Reserve continues to signal a hawkish stance, possibly tempering investor enthusiasm...

Early this year, President Trump announced the creation of a strategic bitcoin reserve, solidifying his administration’s view of cryptocurrency as a viable and valuable economic resource worth retaining. Pledging to make the U.S. the "crypto capital of the world," the president hosted a digital assets summit with AI and crypto czar David Sacks at the White House, with guests like Coinbase CEO Brian Armstrong and Chainlink co-founder Sergey Nazarov. "In recent years, the U.S. government has foolishly sold tens of thousands of additional bitcoin that were worth billions and billions of dollars had they not sold them," Trump said at the event. "From this day on, America will follow the rule that every bitcoiner knows very well: Never...