us-business

The largest bank in the United States continues its stride into DeFi innovation with TradFi roots, marking a partnership with two financial institutions. Improving Solid Foundations Marex Group Plc, a publicly traded financial services company listed on the NASDAQ (MRX), made an announcement last week regarding a collaboration with Brevan Howard Digital (BHD), a digital asset management division, to leverage J.P. Morgan’s Kinexys Digital Payments system for reduced risk and more efficient payments. Marex will be the first clearing company to utilize the blockchain deposit accounts of this system, streamlining its work with its client base. BHD joined Kinexys last year and has been working diligently with industry peers to aid in the development of a programmable blockchain infrastructure ecosystem. The payments system, part of the bank’s pioneering blockchain business unit, enables partners to facilitate instant settlements around the clock in real-time using its network of blockchain accounts. With it, Marex and BHD can improve payment settlement time, reduce risks and costs, whilst upholding the institutional security provided by traditional finance (TradFi) payment rails. “Kinexys by J.P. Morgan is the next generation of financial market infrastructure. By enabling programmable payment and settlement, the platform leverages automation to unlock the utility of assets and reduce risk. As a firm with innovation and client service at our core, we are proud to collaborate with Brevan Howard Digital on this forward-looking initiative, bringing greater operational efficiency to our clients as well as the wider market.” Said Terry Hollingsworth, Global Head of Futures & OTC Clearing Sales, Marex A Little Backstory The prominent global financial institution was not always as lenient towards cryptocurrency and the blockchain as it is currently. Its CEO, Jamie Dimon, has called Bitcoin “fraud” on numerous occasions, and his stance remains cautious to this day. Their journey into the space began in 2016 with the launch of their Ethereum-based blockchain platform, Quorum, followed by the introduction of their own JPM coin in 2019. In 2020, both initiatives were merged under one umbrella called Onyx. In early November last year, Onyx became Kinexys, with the platform reportedly processing over $1.5 trillion in transaction volume since its inception and having an average daily transaction volume of $2 billion. The current year saw J.P. Morgan launch a new coin, JPMD, which will represent dollar deposits at the bank, and there are also rumors that they will start offering crypto-backed loans next year. Additionally, we should mention their ambitious move to join forces with Coinbase, which will allow Chase credit card holders to fund their accounts on the exchange using their bank cards. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

Flare, the EVM-compatible interoperative chain has unveiled its new product—a seedless wallet, along with some other upcoming plans. It is steadily increasing in user engagement, as evidenced by certain metrics. Shiny New Wallet In a press release shared with CryptoPotato, Flare announced the launch of its seedless, non‑custodial wallet Luminite. Turnkey’s embedded wallet technology was used to create Luminite, which allows users to set up their wallet using familiar sign-in methods such as passkeys, biometrics, or email, without needing to write down and store a seed phrase. Funds can be added via built-in fiat on‑ramp partners (including Topper) to purchase FLR, XRP, and other assets. “Luminite was built with one goal in mind: to bridge the gap between Web2 and Web3 users. By removing complex barriers to entry, we’re enabling anyone—from first-time users to seasoned crypto holders—to access the full power of the Flare ecosystem.This is about making DeFi approachable, not just for the crypto-native, but for the next wave of users discovering blockchain through real utility,” said Steve Chadwick, Co-founder of Luminite. Apart from onboarding, Luminite will also be a direct access point to Flare’s growing portfolio of DeFi protocols. Patrons will be able to delegate the native token, FLR, to FTSO (Flare Time Series Oracle) data providers. Additionally, it will be possible to mint FXRP tokens (tokenized version of XRP) via FAssets (non-smart contract assets bridged with full custody retained). Moreover, it will be possible to swap tokens within the wallet, bridge assets through the liquidity transport protocol Stargate, and engage in liquid staking by minting sFLR on Sceptre, the protocol for staking, all within the wallet Luminite interface. Flare has also unveiled plans for a future Learn & Earn program with Revolut, which will incentivize new users to explore the ecosystem through education and rewards based on engagement. FLR So Far The blockchain recently celebrated 3 years since its launch on June 25, 2022. Full operation started around 2-3 weeks following, in “observation mode”, where the Flare Foundation ran all validators. This phase lasted approximately 8 weeks, after which a token generation event (TGE) took place, during which 15% of the total FLR supply (~12 billion tokens) was released to the public via the Flare Improvement Proposal process. The native token has been up for the majority of the year, marking considerable gains during July, and the blockchain itself has locked in over $150 million in DeFi volume, according to data taken at the time of printing from DefiLlama. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Editors’ Picks AUD/USD weakens below 0.6550 as China’s deflation concerns persist AUD/USD trades on a softer note below 0.6550 in the Asian session on Monday. The Aussie suffers amid persisting concerns about China’s deflation. However, the pair’s downside appears capped by a subdued US Dollar. All eyes are now on the Reserve Bank of Australia interest rate decision due on Tuesday.  USD/JPY consolidates in a 147.80-147.50 range, with eyes on US CPI USD/JPY consolidates in a tight range above 147.50 amid relatively thin trading volumes on the back of a holiday in Japan on Monday. The underlying risk-on sentiment and mixed BoJ rate hike cues undermine the safe-haven Japanese Yen while the US Dollar licks its wounds heading into Tuesday’s US inflation test.  Bank of England cuts rates in dramatic meeting The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Editors’ Picks AUD/USD weakens below 0.6550 as China’s deflation concerns persist AUD/USD trades on a softer note below 0.6550 in the Asian session on Monday. The Aussie suffers amid persisting concerns about China’s deflation. However, the pair’s downside appears capped by a subdued US Dollar. All eyes are now on the Reserve Bank of Australia interest rate decision due on Tuesday.  USD/JPY consolidates in a 147.80-147.50 range, with eyes on US CPI USD/JPY consolidates in a tight range above 147.50 amid relatively thin trading volumes on the back of a holiday in Japan on Monday. The underlying risk-on sentiment and mixed BoJ rate hike cues undermine the safe-haven Japanese Yen while the US Dollar licks its wounds heading into Tuesday’s US inflation test.  Bank of England cuts rates in dramatic meeting The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Editors’ Picks EUR/USD trims losses, back above 1.1650 EUR/USD remains slightly on the back foot on Friday, trading around 1.1650 amid some modest recovery in the US Dollar. Investors, in the meantime, are expected to shift their attention to next week’s US inflation data release. Fed officials’ comments and trade news also remain in focus. GBP/USD turns positive near 1.3450 GBP/USD now flirts with the 1.3450 zone, managing to bounce off daily lows as the Greenback’s advance loses some traction. The British Pound remains bolstered by the BoE’s hawkish cut at its meeting on Thursday. Cable remains en route to close the week with marked gains. Gold keeps the rangebound mood near $3,400 Gold seems to have entered a consolidation phase around $3,400 per troy ounce, giving up some gains after previous highs over $3,410.  The announcement that the United States would tax one-kilo and 100-ounce gold bars is also supportive of the precious metal. Bank of England cuts rates in dramatic meeting The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Editors’ Picks AUD/USD weakens below 0.6550 as China’s deflation concerns persist AUD/USD trades on a softer note below 0.6550 in the Asian session on Monday. The Aussie suffers amid persisting concerns about China’s deflation. However, the pair’s downside appears capped by a subdued US Dollar. All eyes are now on the Reserve Bank of Australia interest rate decision due on Tuesday.  USD/JPY consolidates in a 147.80-147.50 range, with eyes on US CPI USD/JPY consolidates in a tight range above 147.50 amid relatively thin trading volumes on the back of a holiday in Japan on Monday. The underlying risk-on sentiment and mixed BoJ rate hike cues undermine the safe-haven Japanese Yen while the US Dollar licks its wounds heading into Tuesday’s US inflation test.  Bank of England cuts rates in dramatic meeting The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Editors’ Picks EUR/USD trims losses, back above 1.1650 EUR/USD remains slightly on the back foot on Friday, trading around 1.1650 amid some modest recovery in the US Dollar. Investors, in the meantime, are expected to shift their attention to next week’s US inflation data release. Fed officials’ comments and trade news also remain in focus. GBP/USD turns positive near 1.3450 GBP/USD now flirts with the 1.3450 zone, managing to bounce off daily lows as the Greenback’s advance loses some traction. The British Pound remains bolstered by the BoE’s hawkish cut at its meeting on Thursday. Cable remains en route to close the week with marked gains. Gold keeps the rangebound mood near $3,400 Gold seems to have entered a consolidation phase around $3,400 per troy ounce, giving up some gains after previous highs over $3,410.  The announcement that the United States would tax one-kilo and 100-ounce gold bars is also supportive of the precious metal. Bank of England cuts rates in dramatic meeting The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

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