ChainCatcher news, according to CoinDesk, JPMorgan (JPM) stated in a research report that despite the continuous upgrades of the Ethereum blockchain, its activity has not significantly increased.The bank pointed out that since the Dencun upgrade in March 2024, average fees and total fees have decreased, while daily transaction volume and the number of active addresses have not shown substantial growth.In addition, the futures positions indicate that institutions have played an important role in the recent rise of ETH. Ethereum launched the Pectra upgrade on May 7, which aims to streamline the staking process, enhance wallet functionality, and improve overall efficiency.

ChainCatcher news, according to Jinshi Data, Nomura Securities global market research analysts stated that the bearish stance on USD/JPY still appears valid in June. Analysts mentioned in a report that the likelihood of the U.S. imposing additional industry tariffs under the guise of national security remains high, which means that dollar buying will continue to face challenges. A strong dollar undermines the competitiveness of U.S. export products overseas.Additionally, analysts noted that although the U.S. and the EU reached an agreement to postpone tariff increases, tensions between the U.S. and the EU continue. Analysts added that concerns about the negative impact of tariffs on the Eurozone economy may lead investors to favor the yen when selling off dollars.

ChainCatcher news, according to The Block, despite the strong momentum for stablecoin legislation in the U.S. (such as the GENIUS Act), JPMorgan analysts are still delaying their trillion-dollar stablecoin predictions.They stated that although the U.S. regulatory framework is strengthening, predicting that the market value of stablecoins could double or quadruple from the current approximately $240 billion in the next year or two (approaching the trillion-dollar mark) is still "too optimistic."

ChainCatcher news, JPMorgan CEO Dimon stated that the likelihood of an economic recession is 50%.

ChainCatcher news, according to Jin10, JPMorgan Chase (JPM.N) CEO Dimon stated that they will allow clients to purchase Bitcoin, but will not provide custody services for it.

ChainCatcher news, according to CoinDesk, JPMorgan pointed out in a research report released on Friday that the Bitcoin network hash rate increased by 2% in the first two weeks of May, averaging 88 5EH/s per second.As Bitcoin prices rise, miners' gross margins have expanded month-on-month, improving the mining economy and enhancing miners' profitability. The hash price, which measures daily mining profitability, has risen by 13% compared to April, a situation that is "encouraging."Analysts stated that in the first two weeks of this month, miners earned approximately $50,100 per EH/s in daily block rewards, an increase of 13% compared to last month and a 3% increase year-on-year. Additionally, U.S.-listed mining companies maintain a network hash rate share of about 30.5%, up 1.1% from April. The total market capitalization of the 13 U.S. Bitcoin mining stocks tracked by the bank has increased by 24% this month, or $4.6 billion, with Bitdeer rising by 43% and Greenidge falling by 5%.

ChainCatcher news, according to The Block, JPMorgan analysts indicate that driven by corporate purchases and increased support from various U.S. states, the price of Bitcoin may continue to rise in the second half of this year, while the price of gold may decline. Since peaking on April 22, the price of gold has dropped nearly 8%, while Bitcoin has risen 18% during the same period.Analysts state that this shift is also evident in investor flows, with funds moving out of gold exchange-traded funds (ETFs) over the past three weeks and into spot Bitcoin and cryptocurrency funds.

ChainCatcher news, according to Fortune, JPMorgan announced that it has completed the settlement of a transaction on a public ledger with the help of cryptocurrency companies Chainlink and Ondo Finance.It is reported that the transaction was operated by its blockchain division Kinexys, which purchased tokenized government bonds deployed on the ONDO public ledger through a private chain account and triggered cross-chain payments using the Chainlink protocol.

ChainCatcher news, according to Jinshi reports, JPMorgan stated that the risk of a U.S. economic recession has now fallen below 50%. The Federal Reserve is expected to cut interest rates in December, previously anticipated for September.

ChainCatcher news, according to Crypto Rover, JPMorgan's total investment in Bitcoin ETFs has surpassed $1.7 billion (approximately 12.2 billion yuan).

ChainCatcher news, according to CoinDesk, on Thursday, Wall Street bank JPMorgan pointed out in a research report that in April, Bitcoin mining companies with high-performance computing (HPC) businesses underperformed BTC for three consecutive months. To reduce reliance on cryptocurrencies, some Bitcoin mining companies have shifted to new fields, such as providing HPC services to the rapidly growing artificial intelligence (AI) market.As the network hash rate rises, mining profitability declined in April, with daily block reward income decreasing by 6% compared to March. At the same time, the average hash rate in April increased by approximately 56 EH/s, a month-on-month growth of 6%, reaching 872 EH/s, marking the second highest historical monthly average network hash rate increase. The total market capitalization of the 13 U.S.-listed mining stocks tracked by the bank grew by 12% compared to March, with Greenidge (GREE) performing particularly well in April, with an increase of 46%.

ChainCatcher news, according to The Block, JPMorgan's blockchain division Kinexys (formerly Onyx) announced a partnership with eight major banks in the Middle East and North Africa (MENA), including Qatar National Bank, National Bank of Saudi Arabia, First Abu Dhabi Bank, Emirates NBD, Dubai Commercial Bank, and Bank ABC. A JPMorgan spokesperson did not disclose the names of the other two banks. These banks will adopt the Kinexys platform to enhance cross-border payments, fund management, and transaction efficiency.

ChainCatcher news, according to CoinDesk, JPMorgan analyst Kenneth Worthington predicts that Robinhood (HOOD) may struggle to sustain its record cryptocurrency trading revenue in the fourth quarter of 2024, with a potential decline in digital asset trading volume in the first quarter of 2025. The trading platform is set to announce its first-quarter financial results after the market closes on May 1, Eastern Time.The report shows that Robinhood's cryptocurrency trading revenue surged 700% in the fourth quarter of last year, driving a significant increase in overall trading revenue. However, due to the dual impact of a stock and bond market downturn in the later part of the first quarter and a correction in the cryptocurrency market, it is expected that the trading volume for that quarter will drop from $71 billion in the fourth quarter to $52 billion. The assets under custody (AUC) are expected to decline by 5% quarter-over-quarter to $183.3 billion, but still show a year-over-year growth of 41%.Although retail buying was stimulated by U.S. tariff policies in early April, analysts believe this is unlikely to reverse the downward trend in the first quarter. Weak demand for margin and derivatives trading may further drag down performance. JPMorgan maintains a "neutral" rating, lowering the target price by $1 to $44, implying about a 10% downside from the current stock price of $49.

ChainCatcher news, according to CNBC, Morgan Stanley's Chief Market Strategist for the Americas, Gabriela Santos, recently stated on CNBC's "Squawk Box" that the time window for reducing tariffs on China is rapidly closing. Meanwhile, Goldman Sachs CEO David Solomon pointed out that the current level of market uncertainty is too high and detrimental to productivity.David Warrick from Overhaul warned that even if the tariff policy eventually ends, the damage done to global supply chains is already difficult to reverse. Several financial experts advise investors to diversify their asset allocation and carefully select investment opportunities in the current environment.

ChainCatcher news, JPMorgan Chase (JPM) stated that the best estimate is that the stablecoin market size is expected to grow to between $500 billion and $750 billion in the coming years.Assuming that 70% is allocated to U.S. Treasury bonds and 30% to Treasury repurchase agreements, stablecoin issuers will become the third-largest buyers of U.S. Treasury bonds.

ChainCatcher news, according to Decrypt, JPMorgan's latest report indicates that the safe-haven narrative of Bitcoin has not reached its mythical status. Amid recent market fluctuations caused by President Trump's global trade war, investors are more inclined to put their funds into gold. Analysts at the investment bank stated in a report on Thursday that as speculators seek safer investments, gold ETFs and futures are attracting most of the investment. This week, gold prices even hit a historic high of $3,660 per ounce. In contrast, Bitcoin has fallen over 20% since reaching a record of $109,000 on January 20, the day of Trump's inauguration, and is currently hovering around $85,000.The report released on Thursday noted: "Bitcoin has failed to benefit from the influx of safe-haven funds in recent months like gold has. While investors are pouring into gold ETFs, speculators are cashing out from new U.S. cryptocurrency ETFs." However, geopolitical uncertainty, President Trump's aggressive tariff policies, and concerns about an economic recession are prompting investors to turn to the ultimate safe-haven asset: gold.

ChainCatcher news, according to The Block, analysts at JPMorgan have stated that safe-haven demand is driving up gold prices, while Bitcoin has failed to benefit from this.In a report released on Wednesday, a team of analysts led by Managing Director Nikolaos Panigirtzoglou pointed out that, influenced by macroeconomic uncertainty, investors seeking safe havens are driving funds into gold exchange-traded funds (ETFs) and the futures market.In contrast, Bitcoin has been left behind. Analysts noted that speculative interest in the Bitcoin futures market is waning, and ETFs have seen consecutive outflows.