JPMorgan analysts upgraded Coinbase with a December 2026 price target of $404, citing a potential Base network token valued between $12 billion and $34 billion. The bank highlighted Base's growth to over $5 billion in total value locked and shifts in USDC reward distribution as key monetization opportunities.

Bitcoin rose 1.28% to cross $110,000 on October 12, the first breach of that level since the same date. The advance follows a 0.87% monthly expansion in China's M2 money supply and $20 million in net inflows to U.S. spot Bitcoin ETFs this week, according to market data. Hong Kong's approval of a Solana ETF reflects growing regional demand for digital asset products.

JPMorgan is preparing to allow institutional clients to use Bitcoin and Ethereum as collateral for loans, with the program expected to launch by year-end. The crypto assets would be held with a third-party custodian while the bank extends credit against them. The move marks a shift toward integrating digital assets into traditional banking credit frameworks.

JPMorgan is developing a program to allow institutional clients to use Bitcoin and Ethereum as collateral for loans, with a target launch by the end of 2025, Bloomberg reports. Separately, Fidelity has added Solana trading to its brokerage platform for eligible U.S. clients. The developments bring digital assets deeper into traditional financial infrastructure, potentially influencing liquidity flows during market shifts.

Ethereum traded near $3,940 on Friday after reaching an intraday high of $4,025, data show. An anonymous trader with a perfect track record expanded their long position to 33,270 ETH, valued at approximately $131 million. Analysts identify a break above $4,100 as a critical threshold for continued upward momentum.

JPMorgan Chase plans to allow institutional clients to pledge Bitcoin and Ethereum directly as loan collateral by the end of 2025, according to people familiar with the matter. The program will use third-party custodians to hold the assets separate from the bank's balance sheet. The move expands on JPMorgan's earlier acceptance of crypto-linked ETFs as collateral in 2025.

JPMorgan Chase will allow institutional clients to use Bitcoin and Ethereum as collateral for loans, according to sources familiar with the matter. The world's largest bank by market capitalization plans to launch the service by the end of 2025, with third-party custodians holding the pledged digital assets. The move marks a shift from the bank's historically cautious stance on cryptocurrency, despite CEO Jamie Dimon previously describing Bitcoin as "a pet rock."

JPMorgan Chase announced on October 24, 2025, that institutional clients can now use Bitcoin and Ethereum as collateral for loans. The bank partners with third-party custodians including Coinbase and Anchorage Digital to manage custody risks. The move marks a significant integration of digital assets into traditional banking services.

Bitcoin rose 2.7% to $110,700 on Thursday following a presidential pardon for Binance founder Changpeng Zhao. BNB surged over 5% on the news. The rally extended to major cryptocurrencies including Ether, DOGE, and ADA, which gained 2-3%.

The cryptocurrency sector reached 716 million users globally, a 16% annual increase, according to venture capital firm a16z's 2025 State of Crypto report. The industry crossed the $4 trillion market capitalization threshold for the first time. Between 40 million and 70 million users now actively transact onchain regularly.