π¦- Towards a JP Morgan stablecoin ? - 17/06/2025
But also : Pump.fun and its founder suspended on X, Strategy buys 10,100 BTC, and Coinbase and Gemini close to obtaining their MiCA license in Europe
Hello π
Welcome to your daily two-minute briefing on the latest developments in the Web3 space.
π₯ TODAY'S HOT NEWS
JPMorgan Chase has filed the trademark βJPMDβ in the United States. Behind this simple acronym, experts see the possible arrival of a stablecoin backed by the US dollar, unofficially dubbed the βJPMorgan Dollar.β
The banking giant, already active in the blockchain world with its JPM Coin reserved for institutional payments, is thus aiming to expand its field of action.
It should be noted that this filing comes at a particularly favorable time. The GENIUS Act, which has just been passed by the Senate, creates a clear framework for the issuance of stablecoins by US banks, with strict rules on reserves and transparency. This is a boon for JPMorgan, which could now directly challenge current heavyweights such as Tether (USDT) and Circle (USDC).
Nothing has been finalized yet. In fact, the bank is also exploring a joint initiative with other giants such as Wells Fargo and Bank of America to simplify international payments and reduce associated costs.
So, despite repeated criticism of Bitcoin by JPMorgan CEO Jamie Dimon, this trademark filing shows that the company remains determined not to miss out on the digital wave that is shaking up global finance.
π MARKETCAP
π BITCOIN : 106 260 $ π
π΅ ETHER : 2 560 $ π
π’ FEAR & GREED : 53 π
Pump.fun and its founder suspended on X
They were suspended in the midst of a collective action for issuing unregistered securities. It should be noted that other accounts linked to memecoins have suffered the same fate, suggesting a targeted crackdown by X.
Vietnam legalizes crypto with a strict framework
Adopted for implementation in January 2026, the new law regulates digital assets by distinguishing between crypto assets and virtual assets, while imposing strict cybersecurity and anti-money laundering rules.
Coinbase and Gemini close to obtaining their MiCA license in Europe
Coinbase and Gemini are poised to obtain their European license, which will allow them to operate freely in the 27 EU countries.
Switzerland: end of tax anonymity for cryptos from 2027
Switzerland will automatically share data on cryptocurrency holders with 74 partner countries, in accordance with the OECD's CARF standard. This major reform aims to combat tax evasion, but raises concerns about user security.
HOPIUM NEWS EXPRESS π
π― TODAY'S NUMBER
48%: According to a study by Kraken, nearly one in two cryptocurrency users admit that they themselves are the main risk to the security of their funds.
βDID YOU KNOW ?
The CEO of Haru Invest has been acquitted of fraud charges involving $650 million. The South Korean court ruled that there was no deliberate deception, despite the sudden suspension of withdrawals in the midst of the FTX crisis.
Justin Sun sets his sights on Wall Street with Tron Inc.
A company affiliated with Justin Sun is going public through a merger with SRM Entertainment, backed by Dominari Securities. Renamed Tron Inc., it plans to purchase up to $210 million in TRX.
The company Strategy has acquired 10,100 bitcoins for $1.05 billion, reaching 592,100 BTC in reserves.
Sui exceeds $1.8 billion in TVL and attracts Bitcoin holders
Sui is gradually integrating BTC into its DeFi, which already accounts for 10% of its TVL. An ETF application filed by Nasdaq reinforces institutional interest.
El Salvador continues to buy Bitcoin despite IMF constraints
Officially bound by a freeze agreement, the country has added 240 BTC to its reserves since December 2024, bringing its total to 6,209 BTC. The government is circumventing the rules through private structures.
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Have a great day,
Emma and Ben