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JPMorgan partners with Coinbase to connect bank accounts to crypto wallets: CNBC Crypto World
CNBC Televisionยท 2025-07-30 20:44
Partnerships & Integrations - JP Morgan Chase and Coinbase are partnering to expand crypto access for Chase customers, allowing them to link bank accounts and transfer rewards points (100 points = $1) [5][6] - Chase customers will be able to fund Coinbase accounts using Chase credit cards starting this fall [6] Regulatory & Policy Developments - The SEC approved in-kind creation and redemption for all spot Bitcoin and Ether ETFs, aiming to boost efficiency for institutional investors [3][4] - Senator Cynthia Lumis introduced the 21st Century Mortgage Act, backing a plan for federal housing lenders to consider crypto in mortgage underwriting [9][10] - The bill would direct Fanny May and Freddy Mack to include digital assets recorded on a cryptographically secured distributed ledger as part of their mortgage risk assessments for single family home loans [10] Market Trends & Company Strategies - A Canadian vape company, CA Industries (VAPE), saw its stock surge over 800% after announcing plans to buy Binancecoin (BNB) for its corporate treasury via a $500 million private placement [7][8] - Ethereum ETFs have amassed about $9 billion in net inflow since listing, compared to Bitcoin ETFs' $36 billion in their first year [22] Ethereum's 10th Anniversary & Future Outlook - Ethereum marks its 10th anniversary, having grown to a $440 billion market cap and becoming a foundation for NFTs, memecoins, apps, and games [13][14] - Ethereum is experiencing a demand shock in 2025, becoming more attractive to institutions due to stable coin legislation and corporate entrance [24][25] - Ethereum is considered a more decentralized platform compared to others like Salana, making it a preferred choice for institutions managing large asset volumes [27][28]