JPMorgan Chase has begun deploying its deposit token, JPM Coin, allowing institutional clients to make instant 24/7 transfers of US dollar deposits on Base.
Smart money traders have also added $8.5 million worth of net long Bitcoin positions, signaling growing optimism among the industry’s most successful traders.
Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more.
Morgan Stanley’s Denny Galindo likens Bitcoin’s cycle to the seasons, warning that the market’s “fall” phase is a time to secure gains before a downturn.