Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin

The banking titan JPMorgan is piloting a US dollar-backed permissioned deposit token on the Ethereum (ETH) layer-2 scaling solution built by the American crypto exchange Coinbase. In a statement, Coinbase says that JPMorgan is launching the token called JMPD on Base through its blockchain business unit Kinexys. “These are USD-denominated and backed 1:1 by deposits—combining…

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Chainlink price jumps 11% amid major Mastercard partnership

Chainlink and Mastercard are collaborating to enable over 3 billion cardholders to buy crypto onchain LINK rose 11% amid the Mastercard partnership and broader crypto optimism Chainlink’s growth in the tokenised assets market continues. Chainlink’s native token, LINK, soared 11% today, buoyed by a groundbreaking partnership with Mastercard. While gains mirrored broader crypto market upside,…

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Sonic, Four, SPX6900 surge amid market volatility

Sonic price rose, and Four, SPX6900, led crypto gains despite market turbulence. Top coins rebound as equities stabilise, signalling renewed investor confidence. SPX6900’s meme coin momentum underscores its volatile yet captivating market presence. The cryptocurrency market suffered massive selling over the weekend as Bitcoin dropped amid the US bombing of Iran’s nuclear sites. But as…

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