Latest Crypto News & Market Updates

JPMorgan Files JLTXX Tokenized Treasury Fund on Ethereum

JPMorgan filed JLTXX, a tokenized money market fund backed by U.S. Treasuries on Ethereum.Ethereum gained further institutional attention as firms expanded tokenized Treasury activity.IMF warned that tokenized markets may face legal and settlement risks during stress conditions.　　JPMorgan expanded its blockchain-based finance operations after filing for a new tokenized money market fund intended to support stablecoin reserve management under the proposed GENIUS Act framework. The filing also added to growing institutional activity linking stablecoin liquidity with tokenized U.S. Treasury products on Ethereum.　　The banks asset management division submitted paperwork for the JPMorgan OnChain Liquidity-Token Money Market Fund, which will trade under the ticker JLTXX. According to the filing, the fund will issue digital tokens on the Ethereum blockchain that represent ownership in a portfolio backed by U.S. Treasuries and repurchase agreements. The filing stated that the underlying assets will remain with a traditional custodian.　　JPMorgan reported that investors will be able to hold the tokens in digital wallets, transfer them between participants, or use them as collateral in crypto-related markets. Settlement times are also expected to occur within minutes, rather than the standard one-to-two-day process used in traditional fund structures.　　Ethereum Continues Attracting Tokenized Treasury Activity　　The JLTXX filing follows JPMorgans earlier blockchain-linked investment product,

05-14Ethereum

Ethereum L2s Successfully Deploy NIST-Standard Security

On May 12, 2026, the leading Ethereum Layer-2 networks, including Optimism, Arbitrum, and Base, announced the successful completion of the “Quantum Shield” upgrade. 　　This coordinated hard fork marks the first large-scale deployment of Post-Quantum Cryptography (PQC) standards, specifically integrating the NIST-approved ML-KEM (Kyber) and ML-DSA (Dilithium) algorithms into their rollup architectures.　　This move was accelerated following the “April Scare,” when a state-sponsored quantum research group in East Asia demonstrated a record-breaking number of stable qubits, theoretically capable of cracking the ECDSA (Elliptic Curve Digital Signature Algorithm) that has secured most blockchains for over a decade. The upgrade allows users to migrate their assets to “Quantum-Safe Accounts” that utilize lattice-based signatures, which are currently believed to be resistant to quantum-shors algorithm attacks.　　The transition wasnt without friction; gas fees on L2s spiked by 12% during the migration window due to the larger size of quantum-resistant signatures.　　However, the successful patch has restored institutional confidence. “The ledger is only as good as its longevity,” noted a lead researcher at the Ethereum Foundation.　　By patching the “Quantum Hole” now, the industry is ensuring that the trillions of dollars in tokenized real-world assets (RWAs) currently being moved on-chain will remain secure well into the 2030s.

05-14Ethereum

Solana price climbs toward overbought zone, can buyers push past $100?

However, the broader structure still appears constructive as SOL continues trading above the strong pivot reversal zone near $93.75 while remaining well above the key long-term support area around $75, where buyers previously stepped in aggressively during earlier corrections.　　A look at the Aroon indicator also reinforces the bullish outlook. Notably, the Aroon Up indicator currently stands above 85% while the Aroon Down remains near 0%, signaling that bullish momentum continues dominating the short-term trend.　　Meanwhile, Solana is now approaching the 7/8 Murrey Math resistance level near $96.88, which is often considered a weak resistance and potential reversal zone. A successful breakout above that level could strengthen bullish momentum and potentially open the door for a move toward the psychological $100 mark, followed by the $103 and $106 resistance zones.　　Still, momentum appears to be gradually approaching overbought territory after SOLs sharp rebound over the past several weeks. Failure to hold above the $93–$94 region could weaken the bullish structure and potentially trigger a temporary pullback toward the $90 support zone before another breakout attempt emerges.　　For now, traders remain focused on whether Solana can establish a decisive move above $100, which could significantly strengthen the broader bullish structure heading into the second half

05-14Industry

$6.75 billion stolen since 2016: CertiK flags North Korea as cryptos biggest theft threat

Crypto　　$6.75 billion stolen since 2016: CertiK flags North Korea as cryptos biggest theft threat　　The May 12 report by CertiK has put every crypto project and exchange on alert after the blockchain security firm pointed out the scale of the damage that North Korean hackers have masterminded since 2016. The results are in, and the picture is grim: an estimated $6.75 billion in cryptocurrency has been lost across 263 incidents. 　　Certiks report landed just days after TRM Labs implicated North Korean actors for about 76% of the money lost to crypto hacks through April 2026. Just as in 2025 when they hit Bybit for $1.5 billion, DPRK actors were named in the KelpDAO and Drift Protocol hacks, two of the largest exploits in 2026.　　DPRK hackers have become a problem for the crypto sector. Source: CertiK.　　Most notably, neither of the reports from the security intelligence firms implied that crypto‘s most persistent and costly adversary is slowing down. North Korea’s hackers are moving with better precision, causing far more losses in fewer incidents.　　North Korean hackers cash bigger payouts on fewer attacks　　According to CertiKs report, North Korean-linked actors were behind just 12% of total crypto theft incidents and roughly 60% of all stolen value

05-14Industry

Ethereum Price Prediction: JPMorgan Builds On Ethereum While BlackRock Pulls $102M Out In One Day

JPMorgan filed to launch JLTXX, a second tokenized Treasury fund on Ethereum, structured to qualify as a reserve asset under the GENIUS ActETH spot ETFs recorded $130.62M in outflows on May 12, led by BlackRocks ETHA at $102.04M, as total net assets slipped to $13.39BVolume rose 12.32% to $38.86B with open interest up 3.69%, while shorts absorbed $9.01M in 24h liquidations against $48.77M for longs　　Ethereum trades at $2,300 on May 13, holding inside a rising wedge on the daily chart as JPMorgan files its second tokenized Treasury fund on the network and spot ETFs post their largest single-day outflow in weeks.　　ETH Daily Chart: Wedge Tightening Below the SAR and 100 EMA　　The daily chart shows ETH recovering inside a rising wedge since the February low near $1,800. Price has reclaimed the 20 EMA at $2,311 and 50 EMA at $2,275, both now sitting as dynamic support. The 100 EMA at $2,341 is the immediate ceiling, with the Parabolic SAR at $2,420 bearish and overhead.　　The wedge is narrowing. Upper rail is approaching near $2,400, lower rail holding near $2,200. Price has been oscillating inside this range since April without a clean directional break. Until ETH closes a daily candle above the SAR

05-14Ethereum

Oil Pulls Back as Trump-Xi Summit Keeps Markets on Edge

Tech　　Oil Pulls Back as Trump-Xi Summit Keeps Markets on EdgeBrent crude fell 1.39% to $106.27, snapping a three-day rally on ceasefire uncertainty.EIA expects the Strait of Hormuz to stay closed through late May, shrinking global supply by 2.6 million bpd.Trump-Xi summit progress could ease oil prices, while renewed Hormuz tensions may push Brent toward $120.　　Oil prices fell on Wednesday, breaking a three-day rally as investors took stock of a fragile Middle East ceasefire and positioned cautiously ahead of the Trump-Xi summit in Beijing. Brent crude futures declined 1.39% to $106.27 per barrel, while US West Texas Intermediate fell 1.53% to $100.62.　　The Hormuz Problem Has Not Gone Away　　The day-to-day price move masks a more serious structural problem. Iran‘s Kharg Island shipments, which handle a significant share of the country’s oil exports, have been halted for the longest continuous stretch since the war began. Saudi Aramco has warned of critically low fuel stocks.　　The US Energy Information Administration (EIA) said on Tuesday it now expects the Strait to remain effectively closed through late May. The EIA estimates global oil stockpiles could shrink by 2.6 million barrels per day this year under current conditions, with Brent prices averaging around $106 per barrel through May

05-14Industry

US Stocks Open Mixed As Nasdaq Edges Higher, Dow Slips

Tech　　US Stocks Open Mixed As Nasdaq Edges Higher, Dow Slips　　Wall Street opened on a mixed note Tuesday, with the Nasdaq Composite posting modest gains while the Dow Jones Industrial Average slipped into negative territory. The S&P 500 hovered near the flatline, reflecting cautious sentiment among investors at the start of the trading session.　　Market Performance at the Open　　Shortly after the opening bell, the S&P 500 edged up 0.08%, signaling tentative buying interest across broad market sectors. The tech-heavy Nasdaq Composite outperformed, rising 0.23%, as some growth and technology stocks attracted early demand. In contrast, the Dow Jones Industrial Average fell 0.3%, weighed down by losses in select industrial and financial components.　　Context and Investor Sentiment　　The mixed open comes amid a week with relatively few major economic data releases, leaving traders to focus on corporate earnings reports and Federal Reserve commentary. Market participants are weighing the resilience of the U.S. economy against lingering inflation concerns and the potential path of interest rates. The divergence between the Nasdaq and the Dow suggests a rotation within sectors rather than a broad directional shift.　　What This Means for Traders　　For day traders and short-term investors, the mixed signals underscore the importance of sector-level analysis. While technology stocks show

05-14Industry

Wells Fargo Lifts Ethereum ETF Holdings 63.5% in Q1 2026 Despite Broader Banking Tensions

While parts of the banking industry are still maneuvering to blunt crypto legislation on Capitol Hill, one of Americas biggest lenders is quietly building a larger bet on Ethereum. A Q1 2026 13F filing submitted by Wells Fargo to the SEC, spotted by WuBlockchain, shows the bank meaningfully increased its holdings of two spot Ethereum ETFs during the quarter.　　The position in the iShares Ethereum Trust (ETHA) grew from roughly 672,600 shares in Q4 2025 to around 1.1 million shares, a jump of 63.5%. Meanwhile, its stake in the Bitwise Ethereum ETF (ETHW) rose 37% to 257,000 shares. The additions arrived during a quarter when Ethereums price was already recovering ground, and the contrast with other banking-sector behavior is striking.　　Filing Details and Position Sizes　　The 13F disclosure captures holdings as of the end of Q1 2026, but the exact timing of the purchases within the quarter isn‘t public. Wells Fargo’s ETHA stake crossing the million-share threshold marks a noticeable step up from the more modest position it carried through late 2025. The Bitwise ETF increase, while smaller in absolute terms, reinforces the direction of travel. Both funds provide direct exposure to spot Ethereum, and the filings suggest the banks investment team is

05-14Ethereum

BX hits blue box support to resume long term bullish trend

BX, long term, has been very bullish. A strong impulse wave emerged from February 2009. Wave I ended in October 2009 before being corrected in wave II. Wave II closed in July 2010. From the low of July 2010, a big and extended wave III followed all the way to the top of November 2004. Meanwhile, with such an extended 3rd wave, the count allows for differing interpretations. However, the path is very clear. From the top of wave III, the pullback for wave (IV) followed. Wave IV appears to still be emerging. However, it has evolved in a corrective structure and hit a major blue box zone. From this 109.4-77.78 zone, traders can anticipate wave V to begin.　　At the end of wave V, the bullish cycle should finish and then BX price should turn lower for a multi-year bearish cycle to correct it. Why do I think the bullish cycle from the year 2009 hasn‘t finished yet？ Simple. That’s because the current pullback is the 12th swing from the low of February 2009. From the Elliott wave perspective, impulse wave evolves in 5, 9, 13, 17, 21 … sequences. This indicates that at least one more leg should happen

05-14Industry

JPMorgan Unveils Tokenized Money Market Fund for Stablecoins

JPMorgan has filed to launch the (JLTXX), a blockchain-powered offering designed for stablecoin issuers to park their reserves and earn interest. The fund will operate on Ethereum and invest in U.S. Treasury bills and overnight repurchase agreements backed by U.S. Treasuries or cash, according to a filing with the U.S. Securities and Exchange Commission (SEC) on May 12.　　The move adds to JPMorgan‘s growing blockchain ambitions and caters to the expanding tokenized finance sector. JLTXX has a $1 million minimum investment requirement and charges an annual fee of 0.16% after waivers. While the filing states it becomes effective on May 13, the bank has not disclosed a specific launch date. The fund will be managed by Kinexys Digital Assets, JPMorgan’s blockchain-focused division.　　The timing of this filing isnt coincidental. It aligns with the GENIUS Act, a stablecoin regulatory framework passed in July, which emphasizes transparency and regulated practices for stablecoin reserves. JLTXX provides a regulated vehicle for issuers to deploy their reserve capital in a way that earns yield without compromising stability.　　Wall Streets Growing Appetite for Tokenization　　Tokenization is rapidly gaining traction across financial markets. Data from RWA.xyz suggests over $32.2 billion in real-world assets, excluding stablecoins, is already tokenized onchain, spanning asset

05-14Industry

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