JPMorgan, Citi, and others eye joint stablecoin in early talks: Report
JPMorgan and major U.S. banks are in early talks to create a joint stablecoin, despite JPMorgan’s skepticism about 4x stablecoin market growth to $1T. Regulatory hurdles and competition with crypto-native stablecoins remain challenges.
China Accelerates Digital Yuan and Gold Weaponization Since April 2 to Challenge U.S. Dollar and Develop Stable Digital Currencies – “The Defiant”
China is advancing its digital yuan and gold strategies to challenge the U.S. dollar’s dominance, promoting stable digital currencies and reducing global dollar reliance since April 2025.
Major U.S. Banks, Like JPM, Citi, BoFA, and Others, Mull Joint Stablecoin Launch: WSJ
Major U.S. banks, including JPMorgan and Bank of America, are considering a joint stablecoin launch to compete with crypto firms, per WSJ. Talks are early-stage, with potential for broader bank participation.
Stablecoin Bill ‘Going To Pass’, Says Trump’s Crypto Czar
Trump’s Crypto Czar David Sacks predicts the GENIUS Act will pass, citing bipartisan support. The stablecoin bill aims to regulate the $200B market, potentially unlocking trillions in demand for US Treasuries.
Hyperliquid backs 24/7 crypto trading in CFTC comments submission
Hyperliquid, a decentralized perpetuals exchange, submitted comments to the CFTC advocating for 24/7 crypto derivatives trading, emphasizing DeFi principles and market efficiency.
TRX Enters Buy Zone After ETF Filing
The SEC reviews a staked TRX ETF filing, sparking bullish sentiment. TRX breaks out of its $0.20-$0.25 range, with indicators showing renewed buying interest and potential for significant price gains.
Hyperliquid Labs Responds to CFTC on Perpetual Swaps
Hyperliquid Labs submitted two comment letters to the CFTC addressing perpetual swaps, highlighting their stance and recommendations on regulatory matters.
Global Darknet Bust Leads to $200M in Digital Asset and Cash Seizures – Decrypt
Global Operation RapTor seized $200M in crypto and cash, arrested 270 across 10 countries, and confiscated drugs including fentanyl, targeting darknet markets using crypto for trafficking.
Major US Banks Mulling Joint Stablecoin Venture: Report
Major US banks, including JPMorgan and Bank of America, are discussing a joint stablecoin venture to compete with crypto, pending legislation and market demand.
Illicit Bitcoin Service Lands US Man 6-Year Sentence, Must Surrender $1.5M
A Massachusetts man was sentenced to six years in prison for running an unlicensed Bitcoin operation that laundered money for scammers and drug dealers, forfeiting $1.5M in proceeds.
