Global #JPMorgan

JPMorgan Chase and Bank of America have recently revised their forecasts regarding a potential interest rate cut by the Federal Reserve in November. Citing a robust labor market, both banks now expect the Fed to implement a quarter-point reduction, shifting away from earlier predictions that suggested a more substantial cut due to anticipated economic weakening.

JPMorgan predicts that newly approved spot Ethereum exchange-traded funds (ETFs) will likely start trading before the November US presidential elections, highlighting the growing political significance of cryptocurrencies.

In the recent 13F filings with the United States Securities and Exchange Commission (SEC), over 600 firms have disclosed substantial investments in the spot Bitcoin ETF.

JPMorgan Chase, the leading US bank, has disclosed its investment in spot Bitcoin exchange-traded funds (ETFs) in a recent submission to the Securities and Exchange Commission (SEC).

Mastercard, alongside major US banks like Citigroup, Visa, and JPMorgan, has embarked on a collaboration to explore the potential of distributed ledger technology (DLT) for banking settlements through tokenization.

Tether caused a stir in the financial industry in 2023 when it reported an incredible $6.2 billion in net income.