🇺🇸📊 JPMorgan Files to Launch Tokenized Money Market Fund JLTXX on Ethereum
The fund, named JPMorgan OnChain Liquidity-Token Money Market Fund and trading under the ticker JLTXX, is designed to invest exclusively in U.S. Treasury securities and overnight repurchase agreements fully collateralized by U.S. Treasurys and/or cash.
It is intended to satisfy eligible reserve asset requirements for stablecoin issuers under the GENIUS Act. JPMorgan previously launched its first tokenized money market fund, MONY, on Ethereum last year. #stablecoin
The fund, named JPMorgan OnChain Liquidity-Token Money Market Fund and trading under the ticker JLTXX, is designed to invest exclusively in U.S. Treasury securities and overnight repurchase agreements fully collateralized by U.S. Treasurys and/or cash.
It is intended to satisfy eligible reserve asset requirements for stablecoin issuers under the GENIUS Act. JPMorgan previously launched its first tokenized money market fund, MONY, on Ethereum last year. #stablecoin
🇨🇳🤝 Nvidia $NVDA CEO Jensen Huang is joining President Trump on a trip to China, the White House announces.
🇺🇸🏦 U.S. Senate Banking Committee Receives Over 100 Amendments to Crypto Market Structure Bill
According to Politico, ahead of the U.S. Senate Banking Committee’s markup vote on the crypto market structure bill, the CLARITY Act, committee members have submitted more than 100 amendments.
Crypto journalist Eleanor Terrett disclosed that Senator Elizabeth Warren submitted over 40 amendments, including one aimed at preventing the Federal Reserve from granting master accounts to crypto companies. Senator Jack Reed proposed explicitly banning cryptocurrencies from being used as legal tender, including prohibiting tax payments in crypto assets.
According to Politico, ahead of the U.S. Senate Banking Committee’s markup vote on the crypto market structure bill, the CLARITY Act, committee members have submitted more than 100 amendments.
Crypto journalist Eleanor Terrett disclosed that Senator Elizabeth Warren submitted over 40 amendments, including one aimed at preventing the Federal Reserve from granting master accounts to crypto companies. Senator Jack Reed proposed explicitly banning cryptocurrencies from being used as legal tender, including prohibiting tax payments in crypto assets.
💼 #RWA JPMorgan to launch tokenized money market fund for stablecoin issuers. cointelegraph #stablecoin
🔮 CFTC Supported Kalshi in Jurisdiction Dispute Regarding Prediction Markets in Ohio - The Block #regulation
📊 21Shares Hyperliquid ETF ($THYP) closed its first trading day with $1.8 million in volume, marking a solid debut for a new ETF launch, according to Bloomberg's James Seyffart. #etf
🧑💻 #XLM Bermuda will transfer "key" financial services to the Stellar blockchain. Cointelegraph
🐳 Whale Loracle.hl has opened a 156 $BTC (20x) short position valued at $12.66M.
His $SNDK (10x) position opened 2 days ago is now having a floating profit of over $648K, and his $HYPE (5x) short position is now having a profit of over $2.3M.
His overall profit is now over $41M, opening every position with perfect timing.
His $SNDK (10x) position opened 2 days ago is now having a floating profit of over $648K, and his $HYPE (5x) short position is now having a profit of over $2.3M.
His overall profit is now over $41M, opening every position with perfect timing.