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10:19
JPMorgan deploys JPM Coin on the Base public blockchain, advancing traditional banking services on-chain | PANews
PANews, December 18—According to CoinDesk, JPMorgan has deployed its digital deposit token, JPM Coin, to the Base blockchain operated by an exchange, marking the Wall Street giant’s first large-scale integration into a public blockchain ecosystem. Unlike stablecoins, JPM Coin is a digital representation of interest-bearing bank deposits and is only transferable among whitelisted users. This move responds to institutional clients’ demand for using bank deposit products on-chain, currently mainly for collateral and margin payments in crypto trading. JPMorgan emphasized that its deployment method features full permission control and risk isolation, reflecting traditional finance’s move toward DeFi.
10:01
Meta's former Chief AI Scientist sets a €3 billion valuation for his new AI company
Jinse Finance reported, according to the Financial Times: Former Meta Platforms Chief AI Scientist Yann LeCun has set a valuation of 3 billion euros for his new artificial intelligence startup.
09:52
A certain whale reduced holdings by 20,599 ETH to repay a loan, still holding 30,000 ETH
Whale 0xa339, who has been going long on ETH through a looping lending strategy, sold 20,599 ETH (worth $59.1 million) at a price of $2,869 per ETH over the past two days to repay loans. Whale 0xa339 still holds 30,000 ETH (worth $85.2 million) on Aave, with outstanding debt of $15.7 million.
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