JPMorgan


Markets

Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says

Riot will have the second-largest capacity among U.S. listed bitcoin miners following the purchase, and the deal serves as the latest evaluation of underdeveloped power assets, the report said.

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Markets

Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan

The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said.

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Markets

U.S.-Listed Bitcoin Miners' Share of Global Hashrate Reached Record in July: JPMorgan

The aggregate market cap of 14 tracked bitcoin miners listed in the U.S. rose 29% since the end of June, the report noted.

Bitcoin miners connected to a district heating system in Finland

Tech

Crypto Casino Founder Apologizes for Gambling Away Investor Funds

Galaxy says it has reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds belonging to Zero Edge, Kim's crypto casino.

Zkasino has re-opened ether bridge to users. (Carl Raw/Unsplash)

Finance

Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B

The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group.

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Markets

Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan

The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.

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Videos

Trump's Official Republican Platform Backs Up Crypto; World Chain Opens to Developers

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as former President Donald Trump's Republican Party has officially adopted a platform that would seek to support crypto innovation. Plus, World Chain is open for developers to use, and a JPMorgan report breaks down the performance of stablecoins and bitcoin miners amid crypto market turmoil.

Recent Videos

Finance

Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan

Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.

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Markets

Crypto Markets to See Selling Pressure in July From Mt. Gox Creditors: JPMorgan

If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said.

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Markets

Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

Iris Energy is best positioned to take advantage of the high-performance computing/AI opportunity, the report said.

(Shutterstock)