Demand for compliant stubcoins is increasing. To address this need, Global Crypto Exchange Mexc recently announced a zero-fee promotion for popular futures trading pairs.

The move is designed to lower barriers to entry into futures trading and enable traders to take advantage of the situation in the rebound market.

MEXC’s The Zero-Fee campaign is one of many ways that exchanges have recognized user demand and addressed with simple, innovative solutions.

USDC Pairs Lead to Growth in Q2 Trading Volume

According to the Coingecko Q2 2025 Crypto Industry Report, Q2 set a new record for Stablecoin’s market capitalization at $243.1 billion (now $28.8 billion), an increase in total crypto market capitalization by 24%.

More specifically, $USDC Stablecoin grew at a whopping $1.4 billion in the second quarter of 2025, indicating an increase in market demand for compliant stable coins.

As the name suggests, a compliant stubcoin refers to a stubcoin that meets financial regulations. These regulations may be fully supported by cash or bonds in the form of being under regulatory oversight and may be audited regularly.

Compared to Bitcoin and Altcoins like Ethereum and Solana, Stablecoin prices tend to be less volatile. These are better suited to trading, paying and saving than guessing or investing.

$usdt and $usdc are two of the largest stable coins in terms of market capitalization. Between the two, the $USDT, where tethers were developed, is more widely used, with a higher market capitalization (over $16.8 billion), while $USDC is well known for its regulatory compliance and transparency.

Pairs for all kinds of traders

As the market moves from finding the best meme coins of the first quarter to investing in more mainstream crypto. mexc We have introduced zero trading fees for some trading pairs. Each is carefully selected not only to meet the demand for Stablecoin, but also to address a variety of risk options and investment strategies.

On the more mainstream aspect is $eth/$usdt. However, MEXC has added $SUI/$USDC and $TON/$USDC to accommodate traders looking for an up-and-coming pair.

Meanwhile, $hype/$usdc meets the need for more innovative projects, while $popcat/$usdc trading pairs are tailored to those willing to buy high-risk, high-reward cryptography.

It will appear mexc We chose zero-fee pairing wisely, taking into account the market share of each pair.

• $ ton/$ usdc: 42%
• $ eth/$ usdt: 33%
• $ hype/$ usdc: twenty one%
• $ ons/$ usususus: 5%
• $ popcat/$ usdc: 5%

In total, MEXC offers zero fees for 100 tokens on exchange.

Through Exchange’s futures trading market, you can bet on the future price of a cryptocurrency without actually owning its assets.

Futures trading also allows you to use leverage. Here you can borrow funds to control a larger position on the actual amount.

MEXC offers up to 500 times the leverage. This means that if you have $10 and choose 500x leverage, you can open a position size of 5k.

Fuel the next chapter of the crypto market

Since 2018, mexc We fulfilled our promise to be the “easiest way to cryptography.” With over 40 million users in over 170 countries, we are giving traders of all experience levels an easy, safe and efficient way to invest in digital assets.

Apart from its futures market, the exchange also offers spot trading and P2P trading. There is also a MEXC Mastercard. This replenishes the cryptography balance and can be used anywhere in the world.

With the latest Zero-Fee campaign on the Top Futures pair, MexC has once again won the mark and fueled the next chapter in the growing cryptocurrency market.

Author of Aaron Walker, Newsbtc – www.newsbtc.com/news/mexc-zero-fee-promotion-usdc-tablecoins/

At a glance

Expert’s Rating

Pros

• Lightweight & compact
• Bluetooth remote control included
• Good magnetic adhesive force
• Also serves as a selfie stick

Cons

• Wobbles noticeably at maximum length
• Closing the legs can be a little fiddly

Our Verdict

The Kraftgeek Just Tap is a clever MagSafe tripod with a length of between 13 and 66 inches (33-168cm). This is impressive Considering the dimensions when retracted. The compact design causes some instability when fully extended, but when retracted the tripod serves as a selfie stick as the supplied Bluetooth remote control is magnetically attached to it.

Price When Reviewed

This value will show the geolocated pricing text for product undefined

Best Pricing Today

Price When Reviewed

$49.99

Best Prices Today: KraftGeek JustTap MagSafe Tripod

Tripods can be a real pain if you want to take photos or videos with your iPhone when you’re out and about, as standard models tend to be heavy and bulky. Not so the Kraftgeek Just Tap Tripod tested here. It’s a lightweight, compact MagSafe tripod that doubles as a selfie stick when the legs are folded.

Kraftgeek specialises in tripods and stands of all kinds. In addition to various smartphone stands, the company also offers music stands, easels and other stands.

The Just Tap consists of ten interlocking aluminium segments, creating a telescopic pole. This is inserted into a round plastic body, which in turn consists of three segments and folds out into three tripod feet at the touch of a button on the underside.

This in itself is a pretty cool mechanism that enables an incredibly compact design: the entire pole has a diameter of just 1.5 inches (3.8cm) once inserted, apart from the flat MagSafe holder with a diameter of 2.4 inches (6cm) at the top and the remote control, which minimally protrudes from one of the three feet. This corresponds roughly to the diameter of a relay baton in athletics.

The thickness of batons means it can be gripped comfortably and securely with one hand, and this is also an advantage for the Kraftgeek Just Tap, as it also sits comfortably in the hand when folded up as a selfie stick. The only drawback: the tripod weighs 16oz (455g), while a baton only 1.8oz or 50g, and this is noticeable, especially when an iPhone is hanging at the other end and the extended telescopic pole increases the leverage on the arm.

The MagSafe holder is connected to the telescopic rod via a plastic rod and two hinges. Each hinge has just over 180 degrees of travel, so you can rotate your iPhone a total of just over 360 degrees relative to the rod. This is most useful if, for example, you want to film yourself sitting at a table over your shoulder or use the Kraftgeek Just Tap as a selfie stick.

Speaking of MagSafe: the adhesive force is surprisingly strong. My iPhone 16 Pro Max stays stable on the tripod even when I shake it up and down wildly. Of course, you shouldn’t overdo it, because sooner or later the iPhone could suddenly go flying, but with normal use I’m not worried at all. However, if the tripod falls over, the iPhone will also come loose—although, of course, this risk exists with tripods of any design.

So that you can also attach smartphones other than the iPhone, Kraftgeek includes a metal ring that you can stick to an Android smartphone and which honestly holds even better than the Magsafe magnets in the iPhone. As long as you haven’t stuck it on, you should keep it at a distance from the MagSafe holder of the tripod as a precaution; otherwise it could cost you a fingernail or two to pull the ring off the holder again.

In addition to the metal ring, the scope of delivery also includes a small Bluetooth remote control, which you can use to operate the shutter release of your iPhone from a distance. For transport, it is magnetically attached to one of the three base elements in a recess provided for this purpose and also serves as a shutter release when you use the tripod as a selfie stick. The remote control is charged via USB-C, and the 50mAh battery lasts for what feels like half an eternity in this simple device. When the battery life is running low, the integrated LED lights up red.

The compact and lightweight design also has disadvantages. Although the ten aluminum segments fit together almost perfectly, each of them has enough play to affect the overall stability. In other words, the Just Tap is a little wobbly at maximum length. This is particularly noticeable when filming outdoors in moderate winds, regardless of whether you are using action mode or not.

Due to its low weight, the centre of gravity also shifts very far upwards as soon as you attach an iPhone to it, which is why the Kraftgeek tripod falls over more easily than professional models. But it’s not as if the Just Tap would fall over at the slightest breeze. You just have to be careful not to knock it over with a clumsy movement.

Last but not least, the walls of the aluminum segments are very thin. Although they are strong enough that you probably won’t run the risk of bending them in normal use, but if it falls over and you trip over it and land on it, it’s bound to break. As with the previous point, you just have to be a bit careful.

Price

Considering the price, however, it is not difficult to recommend the Kraftgeek Just Tap. The tripod costs $49.99 / £38 / 37.95 euros, and shipping from the company’s own shop currently takes 1-2 weeks. Kraftgeek’s products will also be available on Amazon in the future, but Kraftgeek has not yet set a specific timetable, Kraftgeek told me when I asked.

Should you buy the Kraftgeek Just Tap Tripod?

While there are compromises that you must make if you are looking for a lightweight, compact tripod such as the Kraftgeek Just Tap, this is built for the iPhone and works so well we can highly recommend it.

This article originally appeared on our sister publication Macwelt and was translated and localized from German.

Bitcoin is approaching a critical juncture as its textbook ascending triangle converges with a tight trading range. Consolidation near key support and resistance levels sets the stage for a potential breakout or breakdown, making the next moves crucial for market momentum.

Ascending Triangle Signals Strength

Alpha Crypto Signal, in a recent post, highlighted that Bitcoin is currently shaping a textbook ascending triangle pattern on the daily chart — a well-recognized bullish continuation setup. The analyst explained that price action is consolidating just under the horizontal resistance zone at $122,500, while a series of higher lows continues to form along the rising trendline, signaling strong underlying demand.

Related Reading

The analyst emphasized that as long as BTC holds above the 9 EMA at $118,738 and respects the ascending triangle’s support line, the overall bias remains bullish. These levels are crucial in maintaining the pattern’s structure, and a break below them could shift sentiment in favor of the bears. The persistence of higher lows indicates that buyers are consistently stepping in, preventing significant pullbacks, as indicated on the chart.

In conclusion, Alpha Crypto Signal stated that a clean break above the $122,500 resistance, backed by strong volume, could open the door for BTC to push toward a new all-time high. Such a move is likely to confirm the ascending triangle breakout and potentially trigger the next major bullish wave in the market.

Bitcoin Stuck Between $112,592 And $123,334

In an X post, X_Crypto, after examining Bitcoin’s action in a 4-hour timeframe, revealed that the flagship asset is currently trading within a defined range between $112,592 and $123,334, as highlighted on the chart. Meanwhile, the price is hovering around $119,106, with local support at $117,445 and the nearest resistance set at $123,334.

Related Reading

The analyst noted that above the current range, $124,576 stands out as a key resistance zone. If this level is breached, the next upside target would be $127,272, which could serve as a profit-taking point in a bullish scenario. These levels will be critical in determining the strength of any upward continuation.

On the downside, X_Crypto pointed out that a break below $117,445 could open the way for a drop toward $112,592 — the lower boundary of the range and a strong support zone where buyers are likely to step in. This area, the writer stressed, will be pivotal for defending the broader bullish structure.

Lastly, indicators on the lower timeframes, as mentioned by X_Crypto, are showing local oversold conditions, hinting at a potential short-term bounce. However, the analyst cautioned that without sustained consolidation above $119,106, selling pressure could persist, limiting any meaningful upside momentum.

Featured image from Getty Images, chart from Tradingview.com

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

As Hong Kong begins its trading day, ETH is changing hands above $4600, down 3% on-day.

As ETH is up nearly 16% in the last week, and 45% in the last month, this probably isn’t a concern for most traders. After all, the ETH/BTC ratio has broken above its 365-day moving average, a signal that has historically marked extended periods of ETH outperformance, and spot ETF flows are reinforcing the move.

However, the same data shows early warning signs of near-term cooling, as CryptoQuant argued in a recent report.

Daily ETH inflows to exchanges have surpassed Bitcoin’s, suggesting some holders are positioning to take profits. ETH’s MVRV ratio against BTC has risen from 0.4 in May to 0.8, approaching historical overvaluation territory. CryptoQuant warns that in past cycles, such levels have preceded pauses or pullbacks in ETH’s relative strength.

Trading desks echo this view.

In a recent note, France-based FlowDesk reports that while there were $1 billion in single-day ETH ETF inflows on Monday, with broad client buying versus BTC and SOL, there were also increased call overwriting in ETH options at the $7K–$8K strikes for December — a sign some are capping upside expectations.

QCP framed ETH’s rally within a macro backdrop of softer headline CPI in its daily Asia Color telegram update, with strong expectations for a September Fed cut, and geopolitical easing, but flags upcoming Jackson Hole remarks and remaining CPI/NFP prints as potential sentiment pivots.

Market maker Enflux added in comments to CoinDesk that a hotter-than-expected PPI print reminded traders that inflation risks remain uneven, and that ETH’s outsized performance could invite consolidation.

While the structural drivers remain intact, ETF demand, institutional participation, and favorable on-chain signals, the market is entering a phase where stretched positioning and macro event risk could test ETH’s momentum. As CryptoQuant’s data shows, the rally is strong, but so are the early signs of profit-taking.

Market Movers

BTC: Bitcoin fell over 3% from record highs after hotter U.S. inflation dampened rate cut hopes and the Treasury signaled it will not expand Bitcoin purchases for its strategic reserve.

ETH: ETH is down 3.3% as sell pressure increases, as traders take profit after a record rally.

Gold: Gold fell 0.62% to $3,336.6 as hotter U.S. inflation and strong jobs data boosted the dollar and yields, trimming expectations for a large September Fed rate cut.

Nikkei 225: The Nikkei 225 opened higher as Japan’s economy grew an annualized 1.0% in Q2, beating forecasts on strong exports and capital spending, though analysts warn U.S. tariffs could slow growth in the coming months.

S&P 500: U.S. stocks stalled Thursday as a hotter-than-expected PPI dampened hopes for a large September rate cut. Goldman Sachs warns its models show elevated odds of an S&P 500 drop, citing low volatility and growing tariff risks.

Elsewhere in Crypto:

• U.S. Blacklists Crypto Network Behind Ruble-Backed Stablecoin and Shuttered Exchange Garantex (CoinDesk)
• Strategy Pushed ‘Deceptive’ Comparison to Apple and NVIDIA, Wall Street Veteran Says (Decrypt)
• Crypto Casino CEO Charged After Allegedly Gambling Away Investors’ Millions (Decrypt)

Millions of players in China lost access to popular games like World of Warcraft as Blizzard Entertainment’s Chinese servers went offline after 20 years. This marked the end of an epoch for fans of the epic title, after Blizzard’s licensing agreement with their local partner NetEase expired and no new one was reached. That agreement had also covered titles such as Hearthstone and Diablo III since 2008.

Hundreds of thousands were devastated. Some lamented that they had grown up with the game, and others called WoW “my first love,” reflecting the all-pervasive sense of loss in the Chinese gaming community. Fans of games like Fortnite, Call of Duty, and League of Legends, all stellar Web2 titles, would feel the same if the decision were made to pull the plug, for whatever reason.

Another issue with Web2 games is ownership. Players can buy skins, characters, and other virtual assets, but these items have no utility outside the developer-controlled ecosystem and cannot be transferred. Their use is confined to the respective title.

A landmark shift from observation to true ownership

The transition to Web3 marks a shift from players being mere observers at the mercy of developers or corporations to active participants in rich gaming ecosystems. Blockchain technology has given rise to decentralized platforms that enable ownership of in-game items, which keeps participants competing and playing longer. A survey by Immutable found that almost half of Web3 gamers played for more than 10 hours a week, while Web2 gamers played for about 7.5 hours.

Ownership is one factor that makes players more invested in the games they play, and Mythical Games is among the pioneers of this shift. NFL Rivals, launched in an official partnership with the NFL, allows players to manage NFL teams and trade unique NFTs. The game’s dynamic and casual nature quickly caught NFL fans’ attention. NFL Rivals is Mythical Games’ flagship crypto-based mobile game, and has been downloaded on iOS and Android more than 7 million times.

Mythical has raised almost $300 million from investors like Andreessen Horowitz, ARK Invest, Animoca Brands, and Michael Jordan since 2018. In 2021, Andreessen Horowitz led a $150 million Series C round, reaching a $1.25 billion valuation. Company CEO John Linden has had leadership roles at Activision Blizzard, including Call of Duty and Skylanders franchises. His experience with Web2 led him to initiate the transition, of which cofounding Mythical Games has been a key part.

The gamer-centric approach of Web3 translates to ownership of asset collections without in-depth blockchain knowledge. Mythical’s in-game blockchain marketplace allows gamers to buy, sell, and trade digital assets across platform titles. Players use MYTH tokens for transactions on the marketplace and governance, and developers can use the Mythical platform to plug blockchain features and NFTs into their games. That said, users can play NFL Rivals without understanding NFTs; it’s only necessary for those who want to engage with ownership.

The game was downloaded almost a million times within a month of launching and ranked #1 in sports and action categories on the App Store. Overall revenue increased by 10-15% after the platform added secondary trading to NFL Rivals, reflecting players’ conviction that Web3 assets are valuable. Players can merge or burn assets and then trade new ones.

A win-win for players, developers, and the economy through in-game asset trading

Mythical launched Quick Trades, where players agree to an asset trade without any money changing hands, and cleared them with Apple and Google, as a result of which they are available directly in the mobile game. The deals are priced in the marketplace in real time. According to Linden, the NFL Rivals’ secondary market increased from 100 to 7,000 transactions a day soon after Quick Trades became available.

Essentially, Mythical buys a card from a seller and then sells it to a buyer in real time. Multiple parties can be involved in a single transaction, but it’s an even trade to the gamer. Game developers also benefit as they generate transaction fees on these trades, driving a lot of value to the economy.

Smart contracts handle and secure transactions across Web3 titles

Smart contracts underpin, process, and secure asset transactions in Web3 games. These self-executing blockchain programs do this by writing the terms of the respective agreement into lines of code. They automate transaction management, ensure each transaction’s authenticity, enforce rules, manage prize pools, and can even automate dispute resolution.

Characters, skins, and weapons are stored as NFTs or cryptocurrencies on a decentralized ledger, and players link blockchain wallets to the game. Wallets serve as gateways for collecting rewards, managing in-game assets, and performing trades, and can hold assets earned in the game. Blockchains enable verifiable statistics and transparent leaderboards, ensuring trustless exchanges and transparent ownership.

The innovative technology facilitates a higher quality of games coming to market. It’s a fact that the number of blockchain game companies has declined because going mainstream is harder and takes longer than many expect. Yet, games from successful developers that have been in the works for years eventually arrive. One of them is Pudgy Party, a Fall Guys-type game that will be available on Android and iOS. Players will use clothes, hats, glasses, and other accessories, and holders of Pudgy Penguins NFTs might be able to use them in the game.

Decentralized sports, powered by the people

DAOs are changing sports by giving power to the community instead of investors. A DAO enables fans to govern a sports team and decide on budgeting, hiring, marketing, and sponsorship. It can build a decentralized sports league where teams compete based on fair and transparent incentives and rules.

DAOs can also organize and fund championships, tournaments, or charity matches involving multiple sponsors and stakeholders, ultimately fostering a diverse and vibrant sports community. This is a nice alternative to supporting a sports team while not being able to make any decisions affecting it and standing on the sidelines as major stakeholders sell star players and drain funds from the club.

While players have always supported ownership, their focus has shifted from short-term profit to long-term engagement. The once-successful play-to-earn model has declined, with player interest dropping and Web3 game funding falling by over 70% in the first quarter of 2025. The model made the mistake of tying rewards to token prices, making gameplay dependent on unstable markets.

Verified digital collectibles let fans own the moment

Digital sports collectibles represent ownership of player highlights, digital trading cards, and other unique sports-related assets, verified using blockchain technology. The thrill of rarity is behind the appeal of both physical and digital sports memorabilia. However, unique versions and limited editions associated with specific achievements or milestones took this concept a step further.

Each digital asset’s unique code guarantees a limit, making it highly desirable for collectors. Unlike traditional memorabilia, which are vulnerable to forgery, blockchain verifies digital collectibles’ scarcity and authenticity, and they can be displayed without physical storage concerns.

Bringing games to mobile widens global access to competitive sports

The ubiquity of mobile devices has made participating in Web3 gaming easier for a wider range of players. Soccer has billions of fans worldwide. Mythical Games brought a Web3 twist to the sport with FIFA Rivals, attracting a larger, mainstream audience not necessarily familiar with blockchain gaming.

Mobile gaming is the largest market segment by player count and revenue, and launching a high-profile Web3 game on mobile significantly lowers entry barriers compared to console or PC-only titles. FIFA Rivals, which has been approved and licensed by FIFA, allows participants to collect player cards and build a fantasy team, engage in active or simulated matches against other players or AI, and train, upgrade, or strategize with the players they have collected.

Interconnected worlds are the next frontier for athletes, players, and developers

The prospects for the latest generation of Web3 games are inspiring. Cross-game athlete NFTs are emerging as a novel application in gaming and sports. These NFTs would allow athletes to represent themselves across different virtual worlds and potentially integrate into various games. A holder of a rare NFT in one game might use it as a collectible in another, increasing the number of games and activities they participate in.

Cross-game NFTs may open up new marketing opportunities for game developers, as they will collaborate with other platforms and titles to feature them, building an interlinked ecosystem that promotes multiple games at the same time. Such integrations would create a more expansive metaverse, where experiences and assets can flow freely instead of being confined to a single game, enhancing the efficiency of marketing efforts.

As Asia opens the Wednesday trading day, bitcoin

is changing hands above $105.5K, a slight correction from $107K, where it sat during the U.S. business day.

Despite the geopolitical upheaval of the last few weeks – with the U.S. strike on Iran, an event that surprised both geopolitical scholars and Polymarket bettors – BTC has proven itself once again to be a resilient store of value. CoinDesk market data shows that the asset class has been fairly stable over the last month, up 1%.

But this return to a price point that looks inches away from BTC’s all-time high of $111K, which it hit in May, feels more disciplined than euphoric, according to market observers.

Unlike the December 2024 breakout above $100K, which triggered a wave of profit-taking, long-term investors now appear content to sit on their gains, as Glassnode wrote in their weekly note.

“HODLing appears to be the dominant market mechanic,” Glassnode analysts wrote, citing a surge in long-term holder supply to 14.7 million BTC and historically low realized profits. On-chain activity indicates a limited desire to sell, even as BTC trades just below record levels.

Metrics like the adjusted Spent Output Profit Ratio (aSOPR) also reflect this restraint, hovering just above breakeven, according to Glassnode. This suggests that the coins being spent are recent acquisitions. Think: tactical trades rather than broad distribution.

Meanwhile, Glassnode data shows the Liveliness metric continues to decline, reinforcing that older coins remain dormant.

That patience is being met with persistent institutional demand, as QCP wrote in its daily markets update.

Market data indicates that $2.2 billion in net inflows to BTC spot ETFs occurred last week, with QCP describing the tone as “constructive” and noting that players such as Strategy and Metaplanet continue to accumulate.

These steady inflows are quietly reshaping the market’s structure. Bitcoin’s realized cap, a measure of the price at which coins last moved, has grown to $955 billion, which is likely a sign that real capital, not just speculation, is moving into the asset.

Still, not everything is calm under the surface. QCP notes that leveraged long positions have been rising, with funding rates turning positive across major perpetual futures markets.

Glassnode warns that “the market may need to move higher, or lower, to unlock additional supply,” suggesting that this equilibrium between long-term conviction and short-term leverage won’t hold forever.

With BTC barely moving after the Senate approved the White House’s ‘Big Beautiful Bill’, the market feels less like a stampede and more like a standoff between long-term holders who refuse to sell and short-term traders piling into leverage.

That fragile equilibrium has market observers wondering where the next catalyst will come from and whether it could make BTC’s next move explosive.

Figma Holds $70M in BTC ETFs: Filing

Design software firm Figma has disclosed a $70 million position in the Bitwise Bitcoin ETF (BITB) as part of its IPO filing.

The filing shows that board approved a $55 million BTC investment in March 2024, which has since appreciated by 27%.

A separate May resolution greenlit a $30 million USDC purchase, earmarked for future conversion to BTC bringing the total planned allocation to $100 million.

Recently, Hong Kong-based food conglomerate DDC Enterprise announced a $528 million capital raise this week, earmarked to buy 5,000 BTC over three years.

DeFi Development Corp. to Raise $100M in Convertible Notes, Eyes More SOL Accumulation

DeFi Development Corp. , the first publicly traded U.S. company with a treasury strategy built around Solana

, announced in a Tuesday press release that it plans to raise $100 million through a private offering of convertible senior notes due 2030.

The offering, made under Rule 144A to qualified institutional buyers, includes an option for initial purchasers to acquire up to an additional $25 million in notes within 13 days of issuance.

Market Movements:

BTC: Bitcoin is holding around $106K, with on-chain data from Glassnode showing long-term holders largely unmoved.

ETH: Ethereum faced heavy selling after failing to break resistance at $2,522, ending a volatile 24-hour session marked by a 4.5% trading range.

Gold: Gold rose over 1% Tuesday, driven by a weaker dollar and global trade uncertainty, with spot prices hitting $3,357.85 and futures climbing to $3,353.80.

S&P 500: U.S. stocks were mixed Tuesday as investors rotated out of tech, with the S&P 500 slipping 0.11% to close at 6,198.01.

Elsewhere in Crypto:

• Binance to Keep Hundreds of Staff in Singapore Despite Crackdown (Bloomberg)
• NY Attorney General Letitia James warns stablecoin bills put Americans at risk, urges stronger oversight (The Block)
• High on DOGE? Cannabis Company Makes Dogecoin Treasury Play (Decrypt)

One of the world’s leading financial services firms has met with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force to discuss the regulations of digital assets.

According to a recent memo, three members of JPMorgan Chase met with the regulator to talk about moving existing traditional capital markets on-chain and the banking giant’s business footprint in the crypto industry.

Says the memo.

“On June 17, Crypto Task Force Staff met with representatives from JPMorgan Chase. The topic discussed was approaches to addressing issues related to regulation of crypto assets…

Agenda:

• Overview of existing business footprint, including Repo on existing JPMC platforms of Digital Financing and Digital Debt Services. Additional discussion on the potential competitive angle as markets evolve.
• Area of analysis reviewing the potential impact of existing capital markets activity migrating to public blockchain. Specifically what areas of the existing model might change, and how firms could assess the risk and benefits of those changes.
• Future engagement with the Task Force.”

Earlier this week, JPMorgan Chase filed for a trademark to launch JMPD, its very own crypto service provider and deposit token. In the filing, the bank said it would provide trading, exchange, transfer, and payment processing services for digital assets as well as issue them.

Walmart, Amazon, and other corporate giants are also reportedly contemplating starting their own stablecoins as a means of streamlining payments and avoiding credit fees.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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