Crypto

JPMorgan Files to Launch New Tokenized Fund as Wall Street Race Heats Up Summary: JPMorgan has filed to launch a new tokenized fund, intensifying competition among major Wall Street institutions in the asset tokenization space. According to reports, JPMorgan has filed with regulators to launch a new tokenized fund, marking the Wall Street giant’s further expansion into blockchain-based assets. Tokenization is the process of converting traditional financial assets – such as money market funds, bonds, and stocks – into digital tokens on blockchains. The technology is seen as a way to improve settlement efficiency, reduce transaction costs, and enhance asset liquidity. ...

Bitcoin rebounds above $81,000 after US CPI data, with BNB and DOGE leading major crypto gains.

Kelp DAO and Aave will resume rsETH operations following a $292 million exploit. Recovery is progressing.

Elliptic Raises $120 Million Backed by Nasdaq, Deutsche Bank Blockchain analytics firm Elliptic has closed a $120 million Series D funding round backed by Nasdaq and Deutsche Bank, according to TheBlock. The company leverages AI technology to enhance crypto security and compliance, serving exchanges and financial institutions.

Poland Lawmakers Debate Crypto Bills as PiS Party Submits Ban Proposal Polish lawmakers are debating cryptocurrency legislation while the PiS party has submitted a separate proposal to ban crypto, according to TheBlock. The development reflects divergent regulatory approaches across European nations.

USDC issuer Circle is developing a new $3 billion blockchain to support its stablecoin infrastructure, marking one of the largest infrastructure investments in the crypto industry.

A closely watched crypto bill vote is moving to the full Senate, though TD Cowen analysts note “major obstacles” remain, with the legislative path still uncertain.

The Ethereum Foundation appointed three new co-leads for its core Protocol cluster, marking a significant leadership restructuring for the second-largest blockchain.

Strategy’s (formerly MicroStrategy) Michael Saylor addressed questions about the company’s bitcoin sales in a Q&A, defending the firm’s bitcoin holding strategy.

Australia Tax Reform to Impact Crypto Holders The Australian government plans to replace a 50% capital gains tax discount on assets held for more than one year, according to the Australian Financial Review. This change will directly affect crypto investors’ tax burden. Crypto assets held for over a year currently benefit from the 50% CGT discount, which would be eliminated under the proposed policy.