Bitcoin dropped roughly 5% after about $2 billion in institutional sell orders hit the market, sparking widespread liquidations and sharp intraday volatility. Derivatives desks saw elevated long liquidations and spiking funding rates.
JPMorgan Asset Management has launched its first tokenized money market fund on Ethereum, offering qualified investors on-chain access to U.S. dollar yields backed by U.S. Treasuries. The move highlights growing institutional confidence in public blockchain infrastructure.
The SEC and OCC made coordinated regulatory moves late last week that signal stronger, clearer federal support for crypto. Market participants say the actions reduce uncertainty and could accelerate bank involvement, custody services and institutional investment.
MicroStrategy bought 10,645 BTC for $980.3 million at an average price of $92,124 per coin, its largest purchase since July, the company said Monday.
JPMorgan, the $4 trillion U.S. bank, has launched an on‑chain tokenized money market fund on Ethereum, joining BlackRock, Franklin Templeton and Fidelity. The launch signals growing institutional adoption of tokenized cash‑equivalents.
XRP failed to clear the $2 resistance for the third time, marking a potential near-term inflection despite continued institutional progress. The token’s price is showing little correlation with the broader market’s recent recovery.
Brazil’s biggest private bank is advising a 3% allocation to Bitcoin (BTC) by 2026, saying the asset can improve portfolio diversification and act as a hedge against currency risk despite a volatile year.
Vanguard opened its platform to spot Bitcoin ETFs while senior strategist John Ameriks told a Bloomberg forum the firm still sees no long-term investment case for BTC. The comments underline a cautious institutional stance despite increased product availability.
Standard Chartered and Coinbase announced a collaboration to build institutional-grade trading, prime brokerage, custody, staking, and lending solutions. The partnership blends Standard Chartered’s global client reach with Coinbase’s crypto infrastructure to target banks, asset managers, and hedge funds.
Crypto.com and 21Shares announced a strategic partnership to create a private CRO trust and pursue a future exchange-traded fund tied to the Cronos ecosystem. The move aims to broaden regulated, institutional access to Cronos-based assets.