JPMorgan Embraces Bitcoin ETFs as Collateral

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Published time: 6/5/2025, 11:00:11 AM (Asia/Tokyo)

📢 Important News

• JPMorgan Chase will allow clients to use Bitcoin ETFs as loan collateral, starting with BlackRock's iShares Bitcoin Trust. This reflects a shift in the bank's stance towards digital assets, enhancing its competitive edge in the crypto market.
  👉Further Read

• K Wave Media Inc. plans to raise $500 million through stock sales to acquire Bitcoin and fund M&A, leading to a 132.39% stock price surge. CEO Ted Kim aims to integrate Bitcoin into operations, positioning KWM as a leader in media's crypto adoption.
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• MoonPay has secured a BitLicense from New York's Department of Financial Services, enabling operations across all 50 states. This achievement is seen as a gold standard for regulatory compliance in the crypto industry, despite opposition from NYC's Mayor.
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• Bajjou Badiss Mohamed AmiDe was arrested in Morocco for allegedly kidnapping French cryptocurrency entrepreneurs, including Ledger co-founder David Balland. This highlights ongoing safety concerns for individuals in the cryptocurrency sector.
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📊 Market

• QCP Capital's report indicates large players are positioning for Bitcoin to hit $130,000 by Q3, with current trading around $105,000. Despite macroeconomic uncertainties, options flows suggest traders anticipate volatility and potential price increases.
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• OKX has announced the launch of USDG (GlobalDollar) spot trading, with deposit, auction, and trading timelines set for June 2025.
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• A Chainlink address transferred 79,474 LINK tokens to Coinbase, valued at $1.12 million. Acquired between 2018 and 2020 at an average cost of $0.6865, the current price suggests a potential profit of $1.06 million.
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• Aave founder Stani Kulechov transferred 20,000 AAVE tokens worth $5.45 million to ParaFi Capital. This move may indicate shifts in institutional crypto holdings or an OTC transaction.
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• BounceBit announced support for the USD1 stablecoin issued by WLFI, enabling users to deploy it in strategies across centralized and decentralized platforms for secure, delta-neutral yield opportunities.
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⚖️ Policy & Regulation

• As Congress reconvenes, President Trump supports abolishing the debt ceiling to avoid political manipulation of economic issues. He urges bipartisan collaboration to address the $4 trillion proposal swiftly, while also tackling his ambitious tax plan and the GENIUS Act.
  👉Further Read