- Crypto Sum
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- JPMorgan Races to Tokenize
JPMorgan Races to Tokenize
Jamie Dimon says JPMorgan must move faster as tokenization reshapes finance
Good Morning,
Here's a quick preview of today’s content: China's tax authority urges banks to implement blockchain, AI cybercrime tool targets crypto and KYC systems, Circle’s Arc Network reveals quantum resistance plans, Strategy resumes treasury buys with $330M purchase, Binance compliance staff leave financial crime and monitoring roles, and so much more
Happy Tuesday - Let’s dive in.
Market Snapshot
Click here to learn more about the Gannon’s portfolios and subscribe to the strategies on Autopilot.* Since inception (7/7/25), Gannon’s Crypto Portfolio is up +2.62%
Bitcoin briefly tops $70,000 as mediators submit 45-day Iran ceasefire plan and crypto shorts get squeezed
ETH hits weekly high on rising ceasefire hopes, though profit taking keeps BTC below $70K
Onchain perp DEX volumes fall for fifth straight month after October peak
Oil slides on ceasefire talks as Bitcoin rallies past weekly highs on geopolitical optimism
Prediction Markets
Bettors on Polymarket are predicting oil all time high by April 30?
Track and trade live odds on any event, only on Polymarket

Headline Roundup
The major headlines driving crypto markets
Strategy posts $14.5B unrealized loss in first quarter (BBG)
Binance compliance staff leave financial crime and monitoring roles (BBG)
China orders Jack Dorsey's Bitchat pulled from app store (DC)
Jamie Dimon says JPMorgan must move faster as tokenization reshapes finance (CD)
Argentina's Milei had phone calls with leader of LIBRA project that collapsed (TB)
SEC crypto safe harbor heads to White House review (TB)
OpenAI CEO urges US to prepare for AI superintelligence (CD)
Polymarket unveils plans for stablecoin and trading engine upgrade (TB)
Senate panel confirms April timeline for crypto market structure (CT)
Blockchain Association challenges Citadel over SEC's innovation exemption (TB)
Strategy resumes treasury buys with $330M purchase (DC)
Tom Lee’s BitMine nears 4% of Ethereum supply (DC)
Strive adds 113 Bitcoin (BM)
Galaxy taps Broadridge for onchain shareholder vote (TB)
Solo miner beats odds to secure $210,000 block reward (CD)
Aave loses key risk manager Chaos Labs amid disputes (TD)

Launches
Regulation
Cybersecurity
AI cybercrime tool targets crypto and KYC systems (CT)

Extra Reads
Bitcoin miners are pivoting to AI infrastructure as revenue from serving AI workloads runs 5 to 10 times higher than from mining Bitcoin, and the squeeze has turned that gap into a strategic mandate - Here’s why bitcoin miners are becoming AI infrastructure

Chart of the Day
Ethereum staking nears 32% of total supply with 38.5M ETH locked


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