News, Trends and Ideas Shaping the Crypto Revolution
JPMorgan Chase is exploring offering loans backed by clients' cryptocurrency holdings, potentially launching as early as next year with bitcoin and ethereum as collateral, the Financial Times reported on July 22, 2025. This move represents a significant shift from CEO Jamie Dimon's previous stance, who eight years
Stablecoins, which maintain value by pegging to the US dollar and operate on blockchain technology, have grown significantly in recent years, with the market reaching $230-256 billion in 2025 and projected by Standard Chartered to potentially grow to $2 trillion by 2028. In the United States, the recently passed GENIUS
Following the November 2022 collapse of FTX cryptocurrency exchange, two Congressional committees held hearings in December 2022, where John Ray III, FTX's new CEO, and Rostin Behnam, CFTC Chairman, provided detailed accounts of the company's governance failures and the need for regulation. The Senate Agriculture Committee
Cryptocurrency markets are experiencing significant price fluctuations and uncertainty in 2025 due to a surge in cybercrime, which has led to over $2.2 billion in theft during the first half of the year, including a $1.5 billion fraud linked to North Korea's Lazarus Group. Bitcoin has
The Securities and Exchange Commission (SEC) formally dropped its lawsuit against Binance and founder Changpeng Zhao on May 29, 2025, ending one of the last remaining crypto enforcement actions by the regulator. The case, filed in June 2023, which accused the world's largest cryptocurrency exchange of illegally serving
London's High Court on July 18, 2025, ordered JPMorgan Chase to stop its €917 million ($1.1 billion) lawsuit in Greece against four directors of Greek fintech firm Viva Wallet, including CEO Haris Karonis. Judge David Foxton granted the anti-suit injunction on the grounds that JPMorgan's
San Francisco-based Divine Research has issued around 30,000 unbacked short-term crypto loans since December, using Sam Altman's iris-scanning World ID platform to verify borrowers. The company offers loans under $1,000 in USDC stablecoin, mainly targeting overseas borrowers underserved by traditional finance. According to founder Diego Estevez,
Architect is launching the first institutional-grade credit ratings service for crypto to fill a gap in the digital assets market, similar to how traditional finance's Moody's operates, since most TradFi ratings agencies just won't touch crypto. According to Ruben Amenyogbo, Architect's Founder,
The United Kingdom's Financial Conduct Authority announced on August 1 that retail investors will gain access to crypto exchange-traded notes (cETNs) from October 8 on FCA-approved investment exchanges. This decision reverses the ban introduced in January 2021, which restricted these products citing extreme volatility and lack of legitimate
The United Kingdom has been left behind in the cryptocurrency boom and is in danger of missing a second wave, warned former Chancellor George Osborne on August 4th, who holds an advisory role at crypto exchange firm Coinbase. While Donald Trump's Genius Act opens the floodgates to stablecoin
Under FTX's reorganisation plan taking effect on January 3, 2025, the bankrupt cryptocurrency exchange will begin repaying creditors, potentially injecting up to $16 billion back into the market, with the company promising that 98% of users will recover at least 118% of their claim values from November 2022
Chinese technology giants, including Ant Group and JD Technology, have been in intensive discussions with the Hong Kong Monetary Authority (HKMA) since early 2025 to secure approval for yuan-based stablecoins that would promote the Chinese currency's global usage in the digital economy. The companies' proposals aim to
