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

05-14

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

05-14

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

05-14

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

05-14

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

05-14

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

05-14

Ethereum Price Analysis: ETH Must Reclaim This Key Level to Restart Bull Run

Ethereum  Ethereum Price Analysis: ETH Must Reclaim This Key Level to Restart Bull Run  18 minutes ago  Bitcoin Ethereum News  ;  }  function loadTrinityPlayer(targetWrapper, theme,extras=“”) {  cleanupPlayer(targetWrapper); // Always clean first ✅  targetWrapper.classList.add(‘played’);  // Create script  const scriptEl = document.createElement(“script”);  scriptEl.setAttribute(“fetchpriority”, “high”);  scriptEl.setAttribute(“charset”, “UTF-8”);  const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);  scriptURL.searchParams.set(“pageURL”, window.location.href1);  scriptEl.src = scriptURL.toString();  // Insert player  const placeholder = targetWrapper.querySelector(“.add-before-this”);  placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);  }  function getTheme() {  return document.body.classList.contains(“dark”) ? “dark” : “light”;  }  // Initial Load for Desktop  if (window.innerWidth 768) {  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),  });  }  }  // Mobile Button Click  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),  });  }  function reInitButton(container,html){  container.innerHTML = + html;  }  // Theme switcher  const destroyButton = document.getElementById(“checkbox”);  if (destroyButton) {  destroyButton.addEventListener(“click”, () = {  setTimeout(() = {  const theme = getTheme();  if (window.innerWidth 768) {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if(desktopWrapper.classList.contains(‘played’)){  loadTrinityPlayer(desktopWrapper, theme,  }else{  reInitButton(desktopWrapper,‘’)  const desktopBtn = document.getElementById(“desktopPlayBtn”);  if (desktopBtn) {  desktopBtn.addEventListener(“click”, function () {  const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);  if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘  });  }  }  } else {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if(mobileWrapper.classList.contains(‘played’)){  loadTrinityPlayer(mobileWrapper, theme,  }else{  const mobileBtn = document.getElementById(“mobilePlayBtn”);  if (mobileBtn) {  mobileBtn.addEventListener(“click”, function () {  const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);  if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,  });  }  }  }  }, 100);  });  }  })();  Ethereum is trading around $2.3k and is still anchored below the $2.4k resistance zone that has capped this entire consolidation over the past months. The ascending channel from Februarys lows remains structurally intact, and the conditions for a breakout seem favorable.  The derivatives positioning has also changed dramatically recently, as traders are now

05-14

Senate Crypto Bill Faces 100+ Amendments as JPMorgan Files Tokenized Fund and Japan Plans Yen Stablecoin

Crypto  Senate Crypto Bill Faces 100+ Amendments as JPMorgan Files Tokenized Fund and Japan Plans Yen Stablecoin  The US Senate Banking Committee is heading into a pivotal Thursday markup with more than 100 amendments filed against the chambers crypto market structure bill, a leaked roster shows. Democratic senators have proposed dozens of revisions while Republicans pursue narrower tweaks, with stablecoin yield, software developer protections, and ethics provisions dominating the debate. Senator Chris Van Hollen is pushing a measure to bar the president, vice president, lawmakers, and their families from owning or promoting crypto assets, while Jack Reed and Tina Smith want a stricter “substantially similar” test on yield restrictions, signaling that consensus on the House-passed CLARITY framework remains elusive.  JPMorgan has filed with the SEC to launch the OnChain Liquidity-Token Money Market Fund, ticker JLTXX, on Ethereum, giving stablecoin issuers a regulated vehicle to park reserves while earning interest on US Treasury bills and overnight repos. The fund carries a 0.16% annual fee, requires a $1 million minimum, and is structured to comply with the GENIUS Act passed in July. Managed by JPMorgan‘s Kinexys Digital Assets unit, JLTXX follows the December launch of the MONY fund and arrives as more than $32.2 billion

05-14

Crypto Long & Short: Bitcoin vs. gold: 26% relative undervaluation

Welcome to our institutional newsletter, Crypto Long gradual convergence to fair value.Inflation shock:gold leads initially; bitcoin catches up later.Risk-off:stronger USD; gold outperforms.  Figure 2: Scenario paths for the bitcoin/gold ratio  Source: WisdomTree. April 7, 2026. Model assumes that macro scenario starts on April 1, 2026 and continues for the next 12-month. Forecasts are not an indication of future performance and any investments are subject to risks and uncertainties.  For investors, there are three practical applications of the BiG model:Relative value trade:long bitcoin and short gold is one potential implementation approach.Allocation tilt:if holding both, increase bitcoin weight when the gap is wide.Macro overlay:combine with real yields, dollar trend and liquidity indicators.  The BiG model is a positioning tool. The edge comes from systematically leaning into dislocations when they are wide and scaling back as they compress. The discipline is straightforward: track the gap, anchor decisions in the macro context and avoid overfitting short-term price moves.  See further detail in Bitcoin vs gold: bitcoin looks 26% undervalued relative to gold blog.  Principled Perspectives  The centralized exchange market is pulling apart  By Joshua de Vos, research lead, CoinDesk Data  Centralized exchanges have long maintained that the industry has reached maturity. CoinDesks May 2026 Exchange Benchmark, which evaluates 75 spot exchanges against more

05-14

Jerry Ropero Headlined Global Music Festival Partnership at World Token Summit 3.0 X TheBlock. Festival

Tech  Jerry Ropero Headlined Global Music Festival Partnership at World Token Summit 3.0 X TheBlock. Festival  DUBAI, UAE — May 13, 2026 The intersection of high-finance and high-octane was ignited as the World Token Summit 3.0 XTheBlock. Festival officially announced their Global Music Festival partnership. For April 30th, the streets of One Central transformed into a sonic playground, featuring a world-class lineup of electronic music pioneers led by the legendary Jerry Ropero.  Jerry Ropero Headlining the Tokenized Revolution  Global house music icon Jerry Ropero headlined the festival, bringing his signature soulful and energetic sound to the heart of Dubai‘s virtual assets hub. Known for chart-topping global hits and his ability to command the world’s most prestigious dancefloors, Roperos performance marks a pivotal moment where the Web3 community and global music culture converge.  Deejay Pico Opens with the Official Soundtrack: “Dubai Stay Safe”  Opening the festival is Dubais own Deejay Pico, who will set the tone with a high-energy set featuring the official anthem of the event. His latest single, “Dubai Stay Safe,” has taken the digital world by storm, amassing over 560,000 streams in just five weeks since its release.  In a strategic move for the events sonic identity, DSRPTD Radio has officially signed the track as

05-13
1
...
542544
...
1000