JPMorgan Brings JPM Coin to Ethereum | CoinDesk Daily

JPMorgan is bringing JPM Coin, a digital token representing a dollar deposit at the bank, to Ethereum, expanding it beyond Base. The move extends the bank’s payment and settlement offering onto another blockchain network, though the synopsis does not specify when the Ethereum deployment will begin or how it will operate.

JPMorgan says JPM Coin is intended for crypto firms making blockchain payments, financial firms settling trades, and companies backing tokenized assets. The bank’s private Kinexys network already handles more than $7 billion in transactions a day, providing a measure of the scale of its existing blockchain activity; that figure is for Kinexys, not a stated volume for JPM Coin on Ethereum.

Strategy, described as the largest corporate holder of Bitcoin, is nearing a golden cross: its 50-day average stock price is approaching a point above its 200-day average. Traders view the pattern as a strong shift in momentum. Strategy has experienced two golden crosses since it began buying Bitcoin in 2020, and each was followed by a rally, with gains of 717% and 1,774%. Those past moves provide historical context for the current setup but do not establish what will follow this time.

Patrick Witt, President Trump’s most recent digital assets advisor, said last week that he was leaving government for the private sector. His departure follows those of Harry Jung and Bo Hines, leaving another vacancy ahead of 2027, when a new Congress will take up crypto legislation. Meanwhile, the SEC and CFTC are continuing to develop their own rules, so the shift in personnel comes as legislative and regulatory work remains in progress.