JPMorgan deployed JPM Coin, a token representing dollar deposits at the bank, on Ethereum mainnet on Monday and made it available to institutional clients, the bank said. The move expands the token beyond Base.
JPMorgan’s private Kinexys blockchain already processes more than $7 billion in transactions daily within the bank’s $12 trillion daily payments business.
Almost $50 billion in crypto assets are locked in Ethereum-based applications, according to DeFiLlama.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
MetaMask has begun removing Ethereum validators from Lido after a security incident struck part of its infrastructure. The action is precautionary, with no immediate wallet threat identified and ETH returns possibly taking up to 45 days.
Robinhood Chain has posted more than $1 billion in first-week DEX volume while its TVL soared millions of percent on memecoin momentum; Circle obtained a national trust bank charter and crypto legislation inches forward with a possible Clarity Act draft next week.
Galaxy Digital will manage a new $125 million onchain yield fund receiving $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy. The deployment into DeFi protocols marks a shift in Sharplink’s treasury strategy while preserving its core ETH exposure.
BitMine Immersion Technologies may slow its Ethereum purchases after amassing more than 4% of the circulating supply and nearing its 5% target. Chairman Tom Lee cited other crypto opportunities and the firm’s diversified investments as reasons for a potential change in pace.
Richard Heart's detention in Istanbul preceded a roughly $246 million drop in HEX's market cap, Ledger unveiled its $849 Atom wallet, and Starknet put a post-quantum layer-1 move to a vote, per Cointelegraph's weekly digest.
