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On December 13, Scott Lucas, managing director and head of digital asset markets at JPMorgan Chase, said at the Solana Breakpoint conference: The more pioneering and adventurous ideas that emerge in the Solana ecosystem often end up in mature solutions suitable for regulating the market, which is a very ideal development path. Innovation is the result of such a collision of ideas and comprehensive debate. Being able to immerse yourself in it, really listen to the pulse of the industry, and absor...
JPMorgan's team of currency strategists, led by Meera Chandan and Arindam Sandilya, had forecast dollar strength after Mr. Trump became president this year but had to quickly adjust its view after the dollar's worst performance in 50 years in the first half of the year. The team's view on the dollar turned negative in March and remained unchanged.
JPMorgan's Treasury client survey for the week to November 24 showed that the long ratio rose 4 percentage points to its highest level since April, while the short ratio fell 1 percentage point and the neutral ratio fell 3 percentage points. The net long ratio is the highest since October 2010.
President Donald Trump hosted a welcome dinner for Wall Street executives at the White House on Wednesday. According to people familiar with the matter, the dinner was attended by financial titans including Jamie Dimon, chief executive of JPMorgan Chase, and Steve Schwarzman of BlackRock Group. Treasury Secretary Vincent and Commerce Secretary Lutnik were also present. During the dinner, business executives and government officials discussed how to solve America's affordability problems, especia...
JPMorgan analysts say IREN's $9.70 billion contract with Microsoft marks a significant step in the company's transition from bitcoin mining to artificial intelligence infrastructure, predicting that its rapid expansion could weigh on its balance sheet in the coming year. In a note to clients on Thursday, the bank raised IREN's share price target for December 2026 to $28 from $24, citing strong momentum in IREN's AI cloud business and new hyperscale partnerships.
Important news: 1. JPMorgan Chase: The bull market pattern of US stocks has not changed, and the S & P 500 index is expected to break through 7,000 points in the near future. 2. Federal Reserve Jefferson: Interest rates have been cut to near "neutral levels", and caution should be exercised. Stock news: 1. Honda Motor (HMC. N) second-quarter profit fell 25% year-on-year to 194 billion yen. 2. Tesla (TSLA. O) CEO Musk's $1 trillion compensation plan was approved. 3. Kazakhstan Airlines plans to b...
Bank of America reserves plummeted for two consecutive weeks, further falling below the key psychological level of $3 trillion. JPMorgan Chase and Wall Street giants such as Bank of America expect the Federal Reserve to stop shrinking its balance sheet soon. Click to view...
JPMorgan Chase CEO Dimon issued a rare credit risk warning, pointing to the credit bubble exposed by the bankruptcy of the US auto loan market. The bank exposed bad loans on $170 million subprime loans, warning of a recession or a bigger crisis. Click to view...
According to market news, the head of JPMorgan's digital asset markets business confirmed that the bank plans to enter the cryptocurrency trading business, but has no plans to launch custody services in the near future, and said that the company is instead exploring partnerships with third-party custodians to support its growing digital asset business. JPMorgan admitted that through the new business integration, bitcoin and related cryptocurrencies will significantly expand their market reach.
The global popularity of stablecoins could drive trillions of dollars into the US dollar in the coming years, according to JPMorgan, even if estimates of potential demand for the digital asset are widely divergent. "The popularity of stablecoins is less about accelerating de-dollarisation and more about strengthening the US dollar's role in the global financial system," said JPMorgan team Kunj Padh and Meera Chan.
