Latest news about Jpmorgan

The report noted that the news of SpaceX, led by Elon Musk, writing off a portion of its Bitcoin holdings in the previous quarter, played an added role in fueling the correction within the cryptocurrency markets in August.

According to Umar Farooq of JPMorgan, neither use cases nor regulation have really materialized.

The recent tokenization of money market funds by the bank and BlackRock fits in with a Monetary Authority of Singapore-led institutional DeFi project.