JPMorgan’s Bitcoin ETF Investment Surpasses $1.7bn.

JPMorgan’s Bitcoin ETF Investment Surpasses $1.7bn.

JPMorgan’s investment in Bitcoin exchange-traded funds (ETFs) has surpassed $1.7 billion, as reported by ChainCatcher via Crypto Rover. This achievement highlights the institution’s growing interest in digital assets.

The growing investment indicates potential market stabilization as traditional finance entities strengthen their positions in digital assets.

This development could lead to expanded engagement from similar institutions, possibly influencing Bitcoin’s liquidity and price stability in the medium term.

Lido Proposes a Bold Governance Model to Give stETH Holders a Say in Protocol Decisions.

Lido Finance has proposed a dual governance system allowing staked ether (stETH) holders to have veto power on key protocol decisions.

The Lido Improvement Proposal (LIP) 28 aims to increase accountability and decentralization in Ethereum’s staking ecosystem.

The proposal is in the discussion phase, with a formal vote expected soon, potentially setting a precedent for other DeFi protocols.

Uniswap Becomes First DEX To Hit $3tn In All-Time Volume.

Decentralized exchange Uniswap has hit a whopping $3 trillion in aggregate all-time volume, the first decentralized exchange to hit the number.

DeFillama meanwhile shows Uniswap is the leading DEX with a 23% market share in daily volumes, which it reports as slightly lower at $3 billion over the past 24 hours.

The second-largest DEX in volume is PancakeSwap, with $2.7 billion and a 21% DEX market share.

The DEX’s native token, Uniswap, has not mirrored the platform’s performance and remains down more than 84% from its peak price of $45 four years ago in May 2021.

Tokyo-Listed Firm Beat Holdings Boosts Bitcoin ETF Investments in Latest Crypto Push.

Publicly-listed Beat Holdings Ltd. said Thursday it will boost its investment in Bitcoin-related exchange-traded funds, becoming the latest Tokyo-listed firm to deepen exposure to digital assets amid renewed institutional interest in crypto.

Beat Holdings raised its Bitcoin investment cap from $6.8 million to $34 million, citing macroeconomic tailwinds.

The company holds over 131,000 units of BlackRock’s iShares Bitcoin Trust, with gains exceeding $681,000.

The move mirrors Metaplanet’s aggressive Bitcoin strategy, as Japanese firms deepen exposure to digital assets.

Malaysia Faces Rising Electricity Theft Due to Illegal Crypto Mining Activities.

Malaysia’s largest national electric utility company, Tenaga Nasional Berhad (TNB), is helping authorities crack down on electricity theft tied to illegal crypto mining operations in the country, which it claims has jumped nearly 300% over the last six years.

Of the 610 cases it first discovered in 2018, the number has risen to 2,397 cases by 2024, TNB said.

The increase is attributed to unauthorized miners siphoning subsidized electricity through tampered or bypassed meters, costing the company hundreds of millions and destabilizing the grid, it claimed.

BitGo Secures MiCA License from BaFin to Expand Digital Asset Services Across the European Union.

BitGo, the leading global infrastructure provider of digital asset solutions, has announced that Germany’s BaFin has granted BitGo Europe GmBH a Markets in Crypto-Assets Regulation (MiCA) license to provide digital asset services in the EU.

This milestone will enable BitGo to expand its services across the European Union, serving both crypto-native firms as well as TradFi firms, including banks and investment managers, seeking a trusted, well-regulated partner for entering the digital asset space.

MOODENG Reclaims Spotlight With $1.2bn Volume Surge and 612% Weekly Rally.

Moo Deng (MOODENG), a Solana-based meme coin, has emerged as the frontrunner in the cryptocurrency market’s latest rally, outperforming the top 1000 cryptocurrencies over the past day. Its daily trading volume has soared past $1 billion.

MOODENG surged 612.3% weekly and 104.3% daily, reaching $0.24 and topping CoinGecko’s trending and gainer charts.

Trading volume spiked 325.8% to $1.2 billion in 24 hours, with Coinbase alone handling 27%—signaling strong US investor interest.

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