The Financial Times reports that JPMorgan, the world’s biggest bank, is looking into issuing crypto-backed loans, meaning that its clients may soon be able to pledge bitcoin, ether, or some other token to borrow dollars. The news is notable for a couple of reasons. Crypto folks love pointing out that Jamie Dimon, the bank’s chief … Read more
Howard Lutnick is moving to strengthen his alliance with one of the most important and controversial names in the digital-asset business: Tether Holdings. Lutnick is in talks to deepen the financial ties between his businesses and the company behind the world’s largest stablecoin, according to people familiar with the matter. Cantor Fitzgerald LP is discussing … Read more
Native token of decentralized finance (DeFi) lender Aave {{AAVE}} on Tuesday rallied to its strongest price in three weeks, topping $290 as the DeFi lending sector is heating up. AAVE saw considerable volatility throughout Monday and Tuesday, rebounding from the nadir of $277.57 to $291.11, gaining some 5%, according to CoinDesk Research’s technical analysis data. … Read more
Bitcoin Treasury Corporation, a Canadian firm focused on bitcoin-related services, has wrapped up the first leg of its bitcoin buying campaign, adding 478.57 bitcoin for CAD $70 million ($51 million) and boosting its total holdings to 771.37 BTC. The accumulation works out to roughly 0.0000634 BTC per fully diluted share, the company said in a … Read more