JPMorgan Chase CEO Jamie Dimon announces plans to allow clients to buy bitcoin, marking a significant shift in the bank’s approach to cryptocurrency.
Market News
Market News, Timely updates on global cryptocurrency markets, major price swings, and notable industry developments.
Basel Medical Shares Drop 15% After $1B Bitcoin Purchase Plan
Basel Medical Group’s shares fell 15% after announcing a $1 billion Bitcoin purchase plan for its corporate treasury, sparking investor concerns.
SEC Hacker Receives 14-Month Prison Sentence for SIM Swap Fraud
Eric Council Jr. sentenced to 14 months in prison for hacking the SEC’s X account via a SIM swap attack, highlighting the risks of identity theft in crypto markets.
Galaxy Digital Lists on Nasdaq, Plans Tokenized Shares
Galaxy Digital debuts on Nasdaq while collaborating with the SEC to tokenize its shares, marking a significant milestone in crypto and traditional finance integration.
Solv Introduces RWA-Backed Bitcoin Yield on Avalanche
Solv Protocol launches a yield-bearing Bitcoin token on Avalanche, offering institutional investors exposure to real-world assets like US Treasurys and private credit.
Sequoia Capital Exec Targeted in Coinbase Data Breach
Roelof Botha, Sequoia Capital managing partner, was a victim in the Coinbase data breach, highlighting the risks of cyberattacks on crypto exchanges.
CoreWeave’s Market Cap Soars as Nvidia Invests in AI Cloud Computing
CoreWeave’s market cap surged to $38 billion after Nvidia’s $900M investment, highlighting the growing demand for AI cloud computing services.
Bitcoin Volatility: Bulls and Bears Stunned as BTC Hits $106K, Drops to $103K
Bitcoin Volatility: sudden surge to $106K and subsequent drop to $103K left bulls and bears scrambling. Over $600M in crypto derivatives were liquidated amid weekend volatility.