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JPMorgan Files for Ethereum-Based Money Market Fund

<p class="text-left mb-4 ">JPMorgan, one of the largest banks in the US, has added another step to its tokenization efforts. The bank has applied to the US Securities and Exchange Commission for a new money market fund called the JPMorgan OnChain Liquidity-Token Money Market Fund. Planned to trade under the ticker symbol JLTXX, the fund will operate on Ethereum and utilize the Kinexys Digital Assets infrastructure. According to the prospectus dated May 12th, the fund will normally invest only in US Treasury bonds and overnight repurchase agreements collateralized with Treasury bonds. JPMorgan states that the fund will be managed with a target net asset value of $1. This structure makes the product a corporate cash management solution focused on low-risk, short-term liquidity instruments. The most notable aspect of the application is the fund's connection to the stablecoin market. JPMorgan positions JLTXX to meet the appropriate reserve asset requirements that stablecoin issuers must hold under the GENIUS Act passed in the US. Thus, the fund stands out not only as a traditional money market instrument for stablecoin companies, but also as a reserve management option compatible with on-chain systems.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">New model for stablecoin reserves</h2><p class="text-left mb-4 ">It is specifically emphasized that JLTXX will not be classified as a stablecoin. The fund itself is not a stablecoin issuer, and its token balances do not have stablecoin characteristics. Nevertheless, the structure may allow stablecoin issuers to manage their reserves in a more controlled, traceable, and regulated instrument.</p><p class="text-left mb-4 ">The fund's access model will be entirely permissioned. Only verified wallet addresses will be able to conduct transactions. These addresses will be included in the allow-list system for buying, selling, redemption, and transfer transactions. Legal ownership will not be based directly on the blockchain balance, but on investor records held by the transfer agent. Therefore, token balances on Ethereum will function to transmit transaction requests and provide operational ease; legal ownership records will continue to be maintained in the traditional fund infrastructure.</p><p class="text-left mb-4 ">On the JPMorgan stablecoin interface side, the Morgan Money platform stands out. According to the application, stablecoin services will only be offered through Morgan Money, and the supported stablecoin will be USDC. This structure shows that the bank is designing its on-chain products not entirely with an open DeFi logic, but with institutional control mechanisms. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The choice of Ethereum is no coincidence</h2><p class="text-left mb-4 ">JPMorgan's launch of its new fund on Ethereum seems consistent with the bank's previous moves. In December 2025, the bank launched its tokenized money market fund, MONY, also on Ethereum. With an initial investment of $100 million, MONY was one of the first major steps in JPMorgan's strategy to tokenize short-term Treasury assets. JLTXX, on the other hand, takes this model to a broader institutional framework. The fund will launch on Ethereum, but the prospectus leaves open the possibility of expanding to other blockchain networks in the future. This detail shows that JPMorgan does not want to be limited to a single network and is evaluating different chains for different institutional needs. Market size also played a role in the choice of Ethereum. According to RWA.xyz data, Ethereum is the network with the largest share in the distributed real-world asset market. The fact that the network has a strong ecosystem in tokenization projects, and that large institutions like BlackRock and Franklin Templeton also use Ethereum in similar products, makes this choice more defensible for JPMorgan. The Solana detail is noteworthy.</p><p class="text-left mb-4 ">Although <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noreferrer" class="text-primary underline">Ethereum </a>stands out in the application, it is seen that JPMorgan also assigns a separate role to Solana in its institutional cash architecture. It is stated that Anchorage Digital is working with JPMorgan on a tokenized vehicle solution within the scope of its "Cashless Reserves" initiative. In this model, Solana is considered as an infrastructure that can be used for faster reserve movement and instant liquidity operations.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/eth-3079a484.webp" alt="eth.jpg" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">This picture shows that JPMorgan is trying to establish a multi-layered system instead of a single-chain approach in institutional cash management. While Ethereum stands out for fund shares, ownership records, and institutional distribution processes; Solana is positioned more on the side of fast reserve movements and operational liquidity.</p>

13 May 2026

Binance Delists Five Altcoins: Prices Drop Sharply

<p class="text-left mb-4 ">Binance announced it has delisted five cryptocurrencies following periodic listing reviews. The exchange will remove all spot trading pairs for Automata Network (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) as of May 27, 2026, at 06:00. Following the decision, sharp price movements were observed in these altcoins. According to market data, ATA fell approximately 23.35% to $0.0083085, <a href="https://jrkripto.com/tr/coin/farm" target="_blank" rel="noreferrer" class="text-primary underline">FARM </a>fell 17.25% to $10.34, and MLN fell 22.33% to $2.43. On the Phoenix side, PHB dropped 20.48% to $0.1005004, while Syscoin traded around $0.0080227, a loss of 23.16%.</p><p class="text-left mb-4 min-h-[1.5em]"></p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/sysusdt-2026-05-13-12-47-03-5eaf683a.webp" alt="SYSUSDT_2026-05-13_12-47-03.png" width="auto" height="auto" class="w-full rounded-lg border" /> <figcaption class="mt-2 mb-6 text-center text-sm text-gray-500">SYS </figcaption> </figure> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/phbusdt-2026-05-13-12-47-20-00e2e1f4.webp" alt="PHBUSDT_2026-05-13_12-47-20.png" width="auto" height="auto" class="w-full rounded-lg border" /> <figcaption class="mt-2 mb-6 text-center text-sm text-gray-500">PHB </figcaption> </figure> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/atausdt-2026-05-13-12-47-38-fd5c5b6d.webp" alt="ATAUSDT_2026-05-13_12-47-38.png" width="auto" height="auto" class="w-full rounded-lg border" /> <figcaption class="mt-2 mb-6 text-center text-sm text-gray-500">ATA </figcaption> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance lists reasons for delisting</h2><p class="text-left mb-4 ">In its statement, Binance stated that listed digital assets are re-evaluated periodically. The exchange stated that if a coin or token no longer meets the established standards or if industry conditions change, a more comprehensive review is conducted, and a delisting decision may be made.</p><p class="text-left mb-4 ">These reviews do not only consider price performance. Binance explained that it looks at many factors such as the commitment of the project team, the level and quality of development activities, trading volume, liquidity, network security, community communication, transparency, regulatory requirements, and changes in the token economy. In addition, unethical behavior, suspicion of fraud, negligence, changes in project ownership, and community sentiment can also be influential in the decision-making process.</p><p class="text-left mb-4 ">As a result of the latest evaluation, it was decided to end trading support for ATA, FARM, MLN, PHB, and SYS on the Binance spot market. This decision means a significant reduction in the visibility and liquidity of these tokens in the Binance ecosystem.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Spot trading, bots, and copy trading will be affected</h2><p class="text-left mb-4 ">The delisting process will not be limited only to the removal of spot trading pairs. Binance announced that all open orders in the relevant spot pairs will be automatically canceled after trading ceases. Therefore, users need to check their open orders and positions in advance.</p><p class="text-left mb-4 ">The exchange also announced that its Trading Bots service will end on May 27, 2026 at 06:00. Binance advised users to update or cancel their trading bots before the delisting time to avoid potential losses.</p><p class="text-left mb-4 ">On the Spot Copy Trading side, the schedule starts earlier. Binance Spot Copy Trading will remove the relevant trading pairs on May 20, 2026 at 06:00. After this date, remaining assets may be compulsorily sold at market price, or amounts too small to be sold may be transferred to the Spot Account. Therefore, users holding these assets in their copy trading portfolios need to act sooner.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Deadlines for deposits and withdrawals announced</h2><p class="text-left mb-4 ">Binance also shared the schedule for deposits and withdrawals for the tokens to be delisted. Accordingly, ATA, FARM, MLN, PHB, and SYS deposits will no longer be reflected in user accounts after May 28, 2026, at 06:00. The deadline for withdrawals is July 27, 2026, at 06:00. After this date, withdrawal support for these tokens will no longer be available through Binance. Users who wish to transfer their assets to other wallets or platforms supporting these tokens should take these dates into account. Binance also stated that the delisted tokens may be converted to stablecoins on behalf of users after July 28, 2026, at 06:00. However, it was specifically emphasized that this conversion is not guaranteed. If such a transaction occurs, Binance will publish a separate announcement, and the stablecoins will be transferred to user accounts after the conversion.</p>

13 May 2026

Wall Street Firm Picks Chainlink: Collateral Management Moves to Blockchain

<p class="text-left mb-4 ">DTCC, one of Wall Street’s most critical infrastructure institutions, will use <a href="https://jrkripto.com/tr/coin/link" target="_blank" rel="noreferrer" class="text-primary underline">Chainlink </a>infrastructure for its blockchain-based collateral management platform. The move extends the previous collaboration between the two companies into one of the core risk management areas of financial markets.</p><p class="text-left mb-4 ">The Depository Trust & Clearing Corporation announced that its Collateral AppChain platform will use Chainlink’s Runtime Environment technology and data standard. The platform is designed to support pricing, valuation, margin calculations, collateral optimization and settlement processes.</p><p class="text-left mb-4 ">DTCC’s new system runs on a Besu-based blockchain network. The goal is to enable asset tokenization and near real-time collateral management around the clock.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Collateral management moves to blockchain on Wall Street</h2><p class="text-left mb-4 ">In today’s collateral systems, assets are often spread across different institutions, account structures and time zones. This setup makes it harder to move collateral quickly, especially during periods of market stress.</p><p class="text-left mb-4 ">DTCC’s Collateral AppChain project aims to reduce this problem. The platform enables assets used as collateral to be tokenized and allows certain operational processes to be automated through smart contracts.</p><p class="text-left mb-4 ">As a result, collateral is expected to move faster across both traditional financial markets and blockchain networks. The system stands out with its goal of creating a more flexible collateral structure that can operate 24/7 across global markets.</p><p class="text-left mb-4 ">Nadine Chakar, global head of digital assets at DTCC, said tokenization and distributed ledger technology will be used to modernize collateral mobility. According to Chakar, the aim is to provide 24/7, near real-time collateral management across global markets and blockchain networks.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Chainlink will provide the data and coordination layer</h2><p class="text-left mb-4 ">Chainlink will serve as the data and orchestration layer in this structure. The platform’s price data, valuation processes, collateral movements, eligibility checks, margin calculations and settlement instructions will be supported by Chainlink infrastructure.</p><p class="text-left mb-4 ">Chainlink is known as a decentralized oracle network that allows blockchain networks to securely access real-world data. Since blockchains cannot directly access external data sources such as prices, weather data, API data or institutional data on their own, oracle systems play a critical role at this point.</p><p class="text-left mb-4 ">The use of Chainlink in DTCC’s collateral platform shows that oracle technology is finding a place not only in DeFi applications but also in the core operations of traditional finance. Reliable data flow is especially important in areas such as pricing and valuation, where it plays a decisive role in collateral management.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">A new phase after the Smart NAV pilot</h2><p class="text-left mb-4 ">The collaboration between DTCC and Chainlink is not entirely new. In 2024, the two companies carried out a pilot project called Smart NAV. The pilot tested bringing mutual fund net asset value data onto blockchain networks.</p><p class="text-left mb-4 ">Major financial institutions such as JPMorgan, Franklin Templeton and BNY Mellon also participated in the pilot. The project focused on how fund tokenization could work across multiple blockchain networks.</p><p class="text-left mb-4 ">The Collateral AppChain move takes this collaboration into a more operational and institutional field. Collateral management plays a key role in balancing risk, securing transactions and using liquidity efficiently in financial markets.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">DTCC expands its tokenization efforts</h2><p class="text-left mb-4 ">Beyond collateral management, DTCC is also expanding its work in tokenization. Earlier this month, the company announced that more than 50 firms had joined a working group for The Depository Trust Company’s tokenization service. Under this plan, limited production trades are expected to begin in July, while the service is planned to launch in October.</p><p class="text-left mb-4 ">DTCC’s scale in financial markets also increases the significance of this development. The company’s subsidiaries processed $4.7 quadrillion in securities transactions in 2025. Its depository subsidiary provided custody and asset servicing for securities issues valued at $114 trillion.</p>

12 May 2026

US Inflation Rises on Oil Shock as Bitcoin Holds Near $80,000

<p class="text-left mb-4 ">April inflation data in the United States renewed caution across global markets. According to the Consumer Price Index released by the Bureau of Labor Statistics, annual inflation rose to 3.8% in April. This marked the highest level in three years. Annual inflation had stood at 3.3% in March and 2.4% in February.</p><p class="text-left mb-4 ">Markets had expected inflation to rise to 3.7%. However, the reported figure came slightly above expectations. The main driver behind the increase was the sharp rise in energy prices. The conflict in the Middle East has started to weigh on the U.S. economy, especially through higher fuel prices.</p><p class="text-left mb-4 ">According to the data, gasoline prices rose 28.4% year over year. Core inflation, which excludes volatile food and energy prices, also increased from 2.6% in March to 2.8%. This raised concerns that price pressures may not remain limited to energy.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Oil Prices Put Pressure on Markets</h2><p class="text-left mb-4 ">Energy prices stood out as one of the most important parts of the report. The closure of the Strait of Hormuz caused a sharp increase in global crude oil prices. This development directly affected pump prices in the United States. According to AAA data, gasoline prices reached $4.50 per gallon on Tuesday. Diesel prices also climbed to $5.64, approaching an all-time high.</p><p class="text-left mb-4 ">In recent days, optimism over a possible ceasefire deal had helped limit energy prices to some extent. However, that optimism weakened after U.S. President Donald Trump described Iran’s response to the latest proposal as “unacceptable.” Trump also said the possibility of a month-long ceasefire was under serious pressure.</p><p class="text-left mb-4 ">Higher fuel prices are creating a new source of pressure for household budgets and business costs in the United States. For this reason, some lawmakers proposed suspending federal fuel taxes to provide temporary relief for drivers. Still, such a move may have only a limited effect on inflation. The main source of the price increase appears to be the tightening in global energy supply rather than domestic tax rules.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitcoin Tries to Stay Above $80,000</h2><p class="text-left mb-4 ">Following the inflation data, the crypto market also showed a cautious outlook. According to market data, <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>was trading around $80,803 at the time of writing. The leading cryptocurrency was down 0.37% over the past 24 hours, while its daily trading range stood between $80,487 and $82,041.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-05-12-15-58-41-fdc4ddc2.webp" alt="BTCUSDT_2026-05-12_15-58-41.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The short-term chart shows that Bitcoin moved in a volatile range during the day. The price traded near $81,800 in the early hours before facing downward pressure and falling toward the $80,500 area. It later saw a limited recovery and moved back above $80,800. This move shows that investors are closely watching inflation data and energy-driven macro risks.</p><p class="text-left mb-4 ">Bitcoin’s gain of more than 13% over the past 30 days suggests that the broader trend has not fully weakened. However, the 24-hour decline and limited weekly loss show that the market has become more sensitive to new data. In particular, the renewed acceleration in U.S. inflation may strengthen expectations that the Fed will take a more cautious approach to rate cuts.</p><p class="text-left mb-4 ">For the crypto market, this picture can be read in two ways. On one hand, high inflation may support Bitcoin’s long-term “store of value” narrative. On the other hand, expectations that interest rates may stay higher for longer could pressure risk assets. For this reason, Bitcoin’s attempt to hold above $80,000 will remain important for short-term market sentiment.</p><p class="text-left mb-4 ">Markets are now watching both energy prices and signals from the Fed. If inflation remains persistently above 3%, volatility may increase across a wide range of risk assets, from stocks to cryptocurrencies. For Bitcoin, the $80,000 level stands out as short-term support, while the $82,000 area appears to be the first resistance zone.</p>

12 May 2026

Bhutan Makes New Bitcoin Transfer as Country’s BTC Outflows Accelerate

<p class="text-left mb-4 ">The Himalayan country of Bhutan has once again drawn attention in the crypto market with its Bitcoin holdings. According to onchain analytics platform Arkham, the Royal Government of Bhutan transferred around 100.44 <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">BTC </a>to another address on Tuesday. The transfer was valued at approximately $8.2 million at current market prices.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-05-12-152616-403fd806.webp" alt="Ekran görüntüsü 2026-05-12 152616.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The transaction is being seen as the latest step in Bhutan’s accelerating Bitcoin outflows in recent months. According to Arkham, the transfers took place in three separate transactions at 08:27 Turkey time. The BTC was sent to an unlabeled address beginning with “bc1qn,” which has not been linked to any institution or exchange.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bhutan’s Bitcoin Sales Draw Attention</h2><p class="text-left mb-4 ">Arkham said more than $230 million worth of BTC has flowed out of Bhutan-linked addresses since the start of the year. This suggests that the country may have sold around $50 million worth of Bitcoin per month throughout 2026. Analysts noted that if Bhutan were to sell all of its BTC at current prices, it would exit the market with $767 million in onchain profit.</p><p class="text-left mb-4 ">Still, the exact purpose of the latest transfer remains unknown. Some previous transfers were linked to platforms such as Binance and investment firm Galaxy Digital. For this reason, the market is also interpreting the latest movement as a possible preparation for a sale.</p><p class="text-left mb-4 ">However, there is another possibility. The latest transaction may have been intended to move funds from an older Bitcoin address format to a newer one. According to Arkham, the BTC was moved from an old-style address beginning with “3” to a more modern SegWit address beginning with “bc1q.” This indicates that the transaction may have been a wallet update or fund consolidation rather than a direct sale.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bhutan Still Holds $252 Million Worth of BTC</h2><p class="text-left mb-4 ">Despite the recent outflows, Bhutan still holds a significant amount of Bitcoin. According to Arkham data, the country holds around 3,119 BTC. These assets are currently valued at approximately $252.3 million.</p><p class="text-left mb-4 ">However, Bhutan’s Bitcoin balance has fallen sharply compared to last year. The country’s BTC holdings peaked at around 13,000 BTC in October 2024. Since the beginning of this year, the balance has dropped by nearly 3,000 BTC. This trend strengthens the view that Bhutan has been gradually reducing its Bitcoin reserves.</p><p class="text-left mb-4 ">Bhutan’s Bitcoin story differs from that of many other countries. While many governments usually obtain Bitcoin through seizures linked to illegal activity, Bhutan built most of its reserves through mining. The country’s state investment arm, Druk Holding & Investments, used Bhutan’s abundant hydroelectric resources to mine Bitcoin.</p><p class="text-left mb-4 ">This model has made Bhutan a notable example in the crypto world. Despite its small population and limited economic scale, the country long stood out as one of the largest state-linked Bitcoin holders in the world.</p><p class="text-left mb-4 ">According to Bitcoin Treasuries data, Bhutan ranks eighth among known nation-state Bitcoin holders. The countries ahead of it include the United States, China, the United Kingdom, Ukraine, El Salvador, the United Arab Emirates and Kazakhstan.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Has Mining Activity Stopped?</h2><p class="text-left mb-4 ">Recently, there has also been debate over whether Bhutan is still continuing its Bitcoin mining activity. According to Arkham, the last major BTC inflow of more than $100,000 to Bhutan-linked addresses took place more than a year ago. This has increased speculation that the country may have slowed down or completely halted its mining operations.</p>

12 May 2026

Blockchain

JPMorgan Files for Ethereum-Based Money Market Fund26 minutes ago

Altcoin

Binance Delists Five Altcoins: Prices Drop Sharplyabout 4 hours ago

Blockchain, Altcoin

Wall Street Firm Picks Chainlink: Collateral Management Moves to Blockchainabout 24 hours ago

Politics, BTC

US Inflation Rises on Oil Shock as Bitcoin Holds Near $80,0001 day ago

BTC

Bhutan Makes New Bitcoin Transfer as Country’s BTC Outflows Accelerate1 day ago

Blockchain

JPMorgan Files for Ethereum-Based Money Market Fund26 minutes ago

Altcoin

Binance Delists Five Altcoins: Prices Drop Sharplyabout 4 hours ago

Blockchain, Altcoin

Wall Street Firm Picks Chainlink: Collateral Management Moves to Blockchainabout 24 hours ago

Politics, BTC

US Inflation Rises on Oil Shock as Bitcoin Holds Near $80,0001 day ago

BTC

Bhutan Makes New Bitcoin Transfer as Country’s BTC Outflows Accelerate1 day ago

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