Surprising Decision from the World's Largest Bank, JPMorgan! "They're Preparing for a Major Bitcoin and Ethereum Move!"
JPMorgan is exploring offering loan products backed by cryptocurrencies such as Bitcoin ($BTC ) and Ethereum ($ETH ).
According to the Financial Times, JPMorgan Chase is preparing for a new cryptocurrency move.
JPMorgan is exploring offering loan products backed by cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), the FT reported, citing multiple sources familiar with the matter.
This will reportedly likely launch early next year.
The move comes as major US banks like BoA and Citibank have shown interest in issuing stablecoins, and comes at a time when rules surrounding cryptocurrencies in the US are becoming clearer and customer demand is increasing.
If JPMorgan's move goes through, it would mark a major shift for CEO Jamie Dimon, who once labeled Bitcoin a scam and predicted its collapse.
Jamie Dimon, who has consistently expressed his skepticism towards Bitcoin, recently took a more flexible stance and said, “We will be interested in stablecoins.”
The CEO also expressed concerns about excessive leverage, illicit use, and money laundering risks at a May shareholder meeting, saying, “I don't like the Bitcoin ecosystem. If our customers want to buy BTC, we'll let them, but we won't store it.”
So here’s what’s been buzzing on my radar lately: Chainbase $C is doing everything right in the short term, but the market’s not giving it a free pass just yet.
Let’s break this down:
Binance full integration? Check.
Spot, Futures, Margin, Earn, Convert — all live since July 18. That alone caused a 229% intraday move ($0.125 → $0.51).
Content & trading campaign? Check.
Binance Square just kicked off a $100K reward campaign for creators and traders. Smart play — that drives attention, volume and retention.
Multi-exchange listings? Yep.
BitMart, Biconomy... clearly they’re setting the stage for deeper liquidity across markets.
But here’s what I’m watching:
Only 16% of supply is circulating. Combine that with a 3.58 turnover ratio, and this is still very much a speculative battlefield.
There’s talk of a mysterious upcoming reveal (20 July tweet) and that always makes me cautious — buy the rumor, sell the news?
The community plays like the C Star Program and @ChainbaseHQ Foundation are solid long-term indicators. But in this market, narratives can flip fast.
TLDR?
Chainbase has all the right short-term catalysts, especially with the AI/data narrative behind it. But don’t get wrecked chasing volatility — track how they evolve beyond just the Binance spotlight.
I’m keeping it on watch, but size wisely.
#chainbase #Chainbase