Bitcoin’s been trapped between $100K-$105K for six straight days. In traditional markets, that’s called consolidation. In crypto? It’s like being stuck in airport security when your flight’s already boarding. The whole community’s getting antsy. Discord channels are quieter than usual. But sometimes the most interesting moves happen when everyone’s looking away.
Here is a quick rundown of the top headlines from the past 24 hours:
- JPMorgan will let clients use Bitcoin and Ethereum as collateral for loans. What else is JPMorgan doing on its way towards crypto adoption?
- Webus International filed for a $300 million XRP treasury for their chauffeur services. How are they planning to XRP?
- Moscow Exchange launched Bitcoin futures tracking BlackRock’s ETF, settled in rubles. But how are they outsmarting their own crypto ban?
- K Wave Media secured $500 million for Bitcoin treasury, stock jumped 162%. But why did they specifically choose Bitcoin over other networks?
- Brian Armstrong said Bitcoin could become reserve currency if Congress doesn’t fix the debt crisis. Which US States are resorting to Bitcoin as the safe haven?
Let’s dive in after the market overview!
JPMorgan Now Accepts Crypto as Loan Collateral
JPMorgan just announced they’ll let clients use their crypto holdings as loan collateral for Bitcoin ETFs. The bank will count your Bitcoin and Ethereum when calculating your total net worth for borrowing purposes. Previously, this was only available case-by-case. What else is JPMorgan doing on its way towards crypto adoption? Read the full story!
Chinese Firm Files for XRP Treasury
Webus International just filed with the SEC for a $300 million treasury – entirely in XRP. The Chinese company plans to integrate Ripple’s payment network directly into their global chauffeur services. They’re using XRP for actual business operations. Webus stock jumped 9% after the announcement. How are they planning to XRP? Read the full story!
Russia Launches Bitcoin Futures
Russia’s Moscow Exchange launched Bitcoin futures contracts that track BlackRock’s IBIT ETF. The contracts are quoted in dollars and settled in rubles. Russian investors get Bitcoin exposure without directly trading the banned assets. Russia’s central bank recently gave licensed institutions permission to offer crypto derivatives to qualified investors. But how are they outsmarting their own crypto ban? Read the full story!
Korean Entertainment Company Raises Million for Bitcoin
K Wave Media secured a $500 million deal specifically to fund a Bitcoin treasury strategy. Their stock jumped 162% on Nasdaq immediately after the announcement. The South Korean entertainment company is planning to operate Lightning Network nodes and invest in crypto infrastructure. But why did they specifically choose Bitcoin over other networks? Read the full story!
Coinbase CEO Says Bitcoin Could Replace Dollar
Brian Armstrong said Bitcoin could become the world’s reserve currency if Congress doesn’t fix America’s debt crisis. House Republicans passed a bill that could add $3 trillion to the debt. Six Nobel economists warned the measure could worsen inequality. Which US States are resorting to Bitcoin as the safe haven? Read the full story!
Mask Network Defies Market Retrace
