JPMorgan To Allow Clients To Buy Bitcoin, Jamie Dimon Says

Today, Chairman and CEO of JPMorgan Chase Jamie Dimon reiterated his personal disapproval of Bitcoin during the bank’s annual Investor Day event. Despite the bank’s decision to provide clients with access to Bitcoin investments, Dimon emphasized his personal disapproval of Bitcoin.

“I am not a fan” of Bitcoin, stated Dimon.

JPMorgan is going to allow clients to buy Bitcoin, but the bank won’t custody it, according to Bloomberg. Dimon made clear that while JPMorgan will provide clients access to Bitcoin investments, the bank will not hold or manage the digital asset directly. 

In a January 2025 interview with CBS News, Dimon expressed continued skepticism toward Bitcoin….

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LATEST: Vitalik Buterin Introduces Stateless Nodes to Enhance Ethereum Network Scalability

Ethereum co-founder Vitalik Buterin has proposed a new way to protect user freedom and privacy on the blockchain as it scales. On May 19 Buterin introduced a concept called “partially stateless nodes” to make running Ethereum nodes easier and more private for regular users.

This new type of node allows users to validate blocks without storing the full blockchain. Instead of keeping everything they can choose to store only the parts that matter to them such as their wallet activity DeFi apps or tokens like Ether and stablecoins. This helps users stay connected without needing expensive hardware or large storage space.

Buterin warned that relying on just a few RPC providers could lead to censorship and loss of privacy. Many providers already block entire countries or control access. The new proposal supports decentralization by letting users run their own lightweight nodes and access Ethereum directly. This move strengthens Ethereum’s goal of being trustless open and free from centralized control.

Source

Pudgy Penguins’ Telegram game Pengu Clash begins launch

This is a segment from The Drop newsletter. To read full editions, subscribe.

Pengu Clash has kicked off its launch today by letting in a portion of its waitlist ahead of a full public release.

The new Telegram game featuring the Pudgy Penguins NFT collection’s cutesy seabirds is a 1v1 multiplayer battler. Players can dress up their penguins and fight each other at different types of minigames, whether it’s curling, darts, football or something else. 

Pengu Clash isn’t a pay-to-win game but instead rewards skill, Michal Dabrowski, CEO and founder of crypto gaming protocol Elympics, told me in an interview.

Elympics built Pengu Clash for Pudgy Penguins with the…

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Fold Unveils Bitcoin Gift Card, Pioneering Bitcoin In U.S. Retail Gift Card Market

Fold, a leading Bitcoin financial services company, recently announced the launch of its Bitcoin Gift Card, marking the first step in integrating Bitcoin into the $300 billion U.S. retail gift card market. This innovative product enables consumers to purchase and gift bitcoin through familiar retail channels, is available now at Fold’s website and is expected to expand to major retailers nationwide throughout the year.

The Fold Bitcoin Gift Card allows users to acquire bitcoin for personal savings or as a gift, redeemable via the Fold app. “Once you buy that gift card, you can give it to someone or use it yourself. You open the Fold app, and your bitcoin appears,” said Will…

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Infrastructure Safeguard Or Soft Ban In Disguise?

Nebraska lawmakers have just passed Legislative Bill 526 (LB526), and while not explicitly anti-Bitcoin, its effects may be anything but neutral. With a unanimous 49-0 vote, the Legislature sent the bill to Governor Jim Pillen’s desk, where it’s expected to be signed into law. Supporters call it a commonsense infrastructure bill. Bitcoin miners call it a slow-motion exodus in the making.

On paper, LB526 is about large energy users. But in practice, it singles out Bitcoin mining facilities with one megawatt (MW) or greater loads and layers on operational constraints that look more like punishment than policy.

Cost Shifting, Public Shaming, and Curtailment

At the heart of LB526 is a…

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Swimming in red: Fluid’s ETH-USDC pool springs a leak

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Fluid’s flagship ETH-USDC pool has recorded more than $8.5 million in cumulative losses since launch, according to a Dune dashboard by Paradigm researcher Dan Robinson. The issue: a rebalancing mechanism that not only underperformed during volatility, but appears to be systematically unprofitable, even outside of rebalance windows.

The pool, launched in December 2024, was designed to auto-rebalance liquidity once ETH’s price moved beyond ±10%. That design worked well during periods of modest volatility, but as ETH dropped from around $3,800 to $1,560 and then rebounded to $2,400,…

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VNBTC Launches as the Leading Cloud Mining Platform in 2025, Offering Free $79 Bonus and Multiple Income Streams

London,UK, May 19, 2025 (GLOBE NEWSWIRE) — VNBTC, a global leader in cryptocurrency cloud mining, is transforming the passive income landscape for 2025 with its secure, scalable, and user-friendly mining platform. Tailored for both beginners and experienced crypto investors, VNBTC offers free access to mining with a $79 bonus and multiple revenue streams, delivering exceptional earning potential.

As interest in decentralized finance (DeFi) and digital assets continues to rise following Bitcoin’s latest halving, VNBTC stands out by offering users multiple avenues to generate daily crypto income—without the need for expensive hardware, technical expertise, or high upfront costs.

Free…

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Metaplanet Acquires 1,004 Bitcoin, Raising Total Holdings To 7,800 BTC

Metaplanet, known as Japan’s leading Bitcoin treasury company, has announced the acquisition of 1,004 Bitcoin for approximately $104.3 million, at an average price of around $103,873 per BTC. This latest purchase brings the company’s total Bitcoin holdings to 7,800 BTC.

Metaplanet started accumulating Bitcoin in April 2024 with about 98 BTC, costing around 1 billion yen. By the end of 2024, they had increased their holdings to nearly 1,762 BTC with a cost basis of about 20.9 billion yen. After officially launching their Bitcoin Treasury Operations on December 18, 2024, the company rapidly expanded their Bitcoin holdings, reaching 7,800 BTC by May 19, 2025. This growth was funded…

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Metaplanet Acquires 1,004 Bitcoin, Raising Total Holdings To 7,800 BTC

Metaplanet, known as Japan’s leading Bitcoin treasury company, has announced the acquisition of 1,004 Bitcoin for approximately $104.3 million, at an average price of around $103,873 per BTC. This latest purchase brings the company’s total Bitcoin holdings to 7,800 BTC.

Metaplanet started accumulating Bitcoin in April 2024 with about 98 BTC, costing around 1 billion yen. By the end of 2024, they had increased their holdings to nearly 1,762 BTC with a cost basis of about 20.9 billion yen. After officially launching their Bitcoin Treasury Operations on December 18, 2024, the company rapidly expanded their Bitcoin holdings, reaching 7,800 BTC by May 19, 2025. This growth was funded…

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Strategy, Metaplanet take bitcoin treasuries to new all-time high

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

Stacking sats?

Chances are you’d be buying alongside any one of the dozen or so companies that are actively accumulating right now.

An estimate of the number of bitcoins held by corporate treasuries, both private and publicly-listed, has today reached a new all-time high: 1,082,164 BTC ($110.8 billion), according to BitcoinTreasuries.

It’s equivalent to almost 5.5% of the current circulating supply. And if we don’t include Satoshi’s million or so coins, or the estimated 1.57 million BTC believed to be lost forever, corporate treasuries are actually holding 6.25%.

That’s…

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