JPMorgan Chase activated its USD-pegged institutional deposit token JPMD on Base, Coinbase's Ethereum Layer 2 network, following a pilot that began in June 2025. The token enables round-the-clock blockchain settlements through the bank's Kinexys platform, with each unit backed one-to-one by USD deposits in segregated JPMorgan accounts. Unlike retail stablecoins, JPMD targets banks and investment funds exclusively, with no public market trading currently available.

JPMorgan Chase has launched a pilot program for its JPM Coin deposit token (JPMD) on Base, Coinbase's Ethereum Layer 2 network. The token represents digitized U.S. dollar-denominated commercial bank deposits backed by JPMorgan's balance sheet. The initiative enables institutional clients to conduct real-time settlements and marks a shift toward integrating traditional banking infrastructure with public blockchain systems.

Canary Capital will debut the first US-based spot XRP exchange-traded fund on November 13, providing full exposure to the asset. Two AI platforms predict an immediate price surge to approximately $3.00 following the launch, followed by a sharp correction toward $2.00–$2.20 as traders secure profits. The projections cite historical sell-the-news patterns observed in Bitcoin and Ethereum ETF launches.

Bitcoin may decline to $50,000 between April and August 2026, according to an analysis by OpenAI's ChatGPT. The AI model cited weakening technical momentum after BTC failed to hold above $110,000, with the Relative Strength Index retreating to neutral levels and the price trading near its 200-day moving average at $87,000. Macroeconomic factors including Federal Reserve policy stance and rising exchange inflows were identified as potential pressure points for the cryptocurrency.

Bitwise's proposed spot Chainlink ETF was added to the DTCC registry on Tuesday under ticker CLNK, appearing in both active and pre-launch categories. The listing represents a procedural step that has historically preceded regulatory approval and exchange trading, though SEC clearance has not been confirmed.

The Depository Trust & Clearing Corporation added Bitwise's Chainlink exchange-traded fund to its eligibility list Wednesday under ticker CLNK. The listing marks a procedural clearing and settlement step but does not constitute Securities and Exchange Commission approval. LINK traded at $15.45 following the announcement, down nearly 5% over 24 hours.

The US Senate Agriculture Committee released a draft bill Monday formally classifying Bitcoin and Ether as digital commodities under CFTC jurisdiction. The bipartisan proposal from Senators John Boozman and Cory Booker establishes regulatory distinctions between digital commodities and investment contracts. The draft requires crypto firms to separate exchange, brokerage, custody, and trading operations.

Brazil's central bank has finalized regulations placing cryptocurrency service providers under banking supervision. Stablecoin transactions and certain self-custody wallet transfers will be classified as foreign-exchange operations, extending anti-money laundering and compliance requirements to virtual assets. The rules take effect in February 2026.