JPMorgan brings JPM Coin to Ethereum

JPMorgan brings JPM coin to Ethereum, and strategy is on the verge of a golden cross. This is CoinDesk Daily. Want trusted crypto research? Check out the stack, Grayscale's blog. Visit grayscale.com slash the stack. Unlock deeper insight into digital asset vault risk. The new vault risk assessment from S&P Global Ratings helps bring institutional grade transparency to on-chain investing. Visit spglobal.com slash ratings. JP Morgan is bringing its JPM coin to Ethereum, expanding beyond Coinbase's base network. JPM coin represents dollar deposits at the bank. The move targets crypto firms making blockchain payments and financial firms that need to settle trades or back tokenized assets. JP Morgan's private blockchain network, Connexus, already handles more than $7 billion a day. Strategy, the largest corporate holder of Bitcoin, is about to flash a golden cross. The signal fires when its stock's 50-day average price rises above its 200-day. Traders read it as a bullish shift in momentum. Strategy has had two golden crosses since it started buying Bitcoin in 2020, and both were followed by huge rallies, gains of 717% and 1,774%. And Patrick Witt, President Trump's most recent digital assets advisor, said last week he's leaving government for the private sector. His exit follows the earlier departures of Harry Jung and Beau Hines. The vacancy matters, heading into 2027 when a new Congress takes up crypto legislation and the SEC and CFTC keep moving on their own rules. Get more updates on coindesk.com. Want trusted crypto research? Check out The Stack, Grayscale's blog. Visit grayscale.com slash the stack. Unlock deeper insight into digital asset vault risk. The new vault risk assessment from S&P Global Ratings helps bring institutional grade transparency to on-chain investing. Visit spglobal.com slash ratings.