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5 Jun 2026, 11:30

JPMorgan, Citi and BofA plan blockchain deposit network for 2027

JPMorgan Chase, Bank of America, and Citigroup are preparing to launch a shared tokenized deposit network that is expected to go live in 2027, marking one of the most significant coordinated moves by major US banks into blockchain-based settlement infrastructure. According to a WSJ report , the project is being developed alongside other large financial institutions, including Wells Fargo, through The Clearing House, the US banking industry’s privately operated payments network. The system is expected to allow commercial bank deposits to be represented digitally on a shared ledger, enabling real-time transfers between participating banks without relying on traditional batch settlement cycles. A shared banking network built on tokenized deposits At the centre of the initiative is the concept of tokenized deposits, which are not new cryptocurrencies or externally issued stablecoins but rather a representation of existing commercial bank deposits in digital form recorded as liabilities on the balance sheets of issuing banks such as JPMorgan Chase or Bank of America. The planned network will allow these tokenized deposits to move instantly between institutions. If successful, transactions that normally take hours or even a full business day under legacy systems could be settled within seconds, operating continuously on a 24-hour, seven-day basis. The Clearing House will serve as the infrastructure operator for the system, extending its role in US payments clearing into a blockchain-based environment. This structure keeps the network inside the regulated banking system, rather than shifting transactions onto public crypto networks. A coordinated response to stablecoins and crypto payment rails The decision by major banks to build a shared tokenized system is closely linked to the rapid growth of blockchain-based payment instruments outside traditional finance. Stablecoins such as USD Coin and USDT have grown into widely used settlement tools in crypto markets, enabling fast and global transfers of dollar-denominated value without direct reliance on bank payment rails. Bank executives involved in the initiative have positioned tokenized deposits as a direct response to this trend. Instead of allowing deposit-based money to flow into external digital payment systems, banks are building their own blockchain-enabled infrastructure that retains funds within regulated institutions. Under the planned model, every tokenised deposit remains fully backed by actual bank deposits to keep the system aligned with existing regulatory frameworks and preserves the role of commercial banks as the primary custodians of dollar liquidity. Infrastructure design and institutional focus The network is being developed as a shared infrastructure layer rather than a consumer-facing product. Initial usage is expected to focus on large institutional clients, including multinational corporations and treasury departments managing high-volume cash flows. These users often move large sums across multiple banking relationships and jurisdictions. Under the current system, such transactions rely on correspondent banking networks and cut-off settlement windows. The new tokenised system is designed to remove these delays by enabling continuous liquidity movement across participating banks. The Clearing House has long handled high-value payment processing in the United States, but this expansion introduces a blockchain-based settlement mechanism into its core operations. The system is being described internally as a connective “bridge” between traditional banking ledgers and emerging digital settlement technologies. The network is currently under development, with industry-wide expectations pointing to pilot phases before broader deployment. The target launch timeline is set for the first half of 2027, although internal testing and phased integration across participating banks will likely take place beforehand. The post JPMorgan, Citi and BofA plan blockchain deposit network for 2027 appeared first on Invezz

5 Jun 2026, 11:30

Binance Research: Crypto Exchanges Could Funnel $5 Trillion of New Equity Capital Into Markets

Crypto exchanges could channel as much as $5 trillion in fresh equity capital into global markets over the next five years, according to Binance Research, which found nearly 93% of Binance’s stock-trading users come from emerging markets. Exchanges as the New Gateway to Stocks In much of the developing world, opening a conventional brokerage account

5 Jun 2026, 11:28

Crypto markets see $1.2 billion wiped out in a week! What are the new risk signals investors are watching?

🚨 Crypto market liquidations surged to $1.2 billion this week. 📉 Over 14.5 percent was wiped from $BTC and major altcoins, with $ETH dropping more than 17 percent. 👀 Spot and derivatives data now signal new risk levels that every investor is watching closely. Continue Reading: Crypto markets see $1.2 billion wiped out in a week! What are the new risk signals investors are watching? The post Crypto markets see $1.2 billion wiped out in a week! What are the new risk signals investors are watching? appeared first on COINTURK NEWS .

5 Jun 2026, 11:25

Bitcoin sentiment hit peak bearishness at recent lows, peak bullishness near tops

Your day-ahead look for June 5, 2026

5 Jun 2026, 11:18

Bitcoin Short-Term Holders Capitulate as BTC Slides Below $62K

Bitcoin broke below $62k for the first time since February 6 and is now down over 14% on the week and over 50% since printing its all-time high in October last year. Short term holders, those who bought BTC over the past 155 days, are feeling the brunt of this decline. On-chain data from CheckOnChain shows that this group is now selling at the steepest loss-driven pace. Short-Term Holders Are Selling at a Record Loss Bitcoin Short-Term Holder Realized Profit/Loss Ratio is a value-based ratio that measures profit being realized against loss within the under-155-day group. Above zero on this metric means this group is mostly cashing out gains. Anything below zero flips it. At a reading of -1.5, the losses are swamping whatever profit is left on the table, and most notably, no other prior reading has gone this deep. The Fear and Greed Index is well within the extreme fear territory with a score of 12 as of this writing and the group that tends to move first when sentiment cracks seem to be heading for the door in size. 53,800 Coins Hit Exchanges, Zero in Profit This week we also saw another metric point to the same direction of short term holders capitulating. Data from CryptoQuant showed that around 53,800 BTC moved from short-term holders onto exchanges within a span of 24 hours with every coin in that batch underwater. That made it the most lopsided flow to be registered so far this year. Coins are usually transferred into exchanges with an intent to sell, so what this metric shows alongside the one above is that there is a fresh wave of loss-bearing supply queuing up alongside the losses that have been realized. Capitulation Has Marked Local Bottoms Before Loss-driven selling at this intensity has often coincided with local bottoms and has shown to indicate a transfer of hands from shaky hands to longer term investors. This is not to say that a deeper drawdown is improbable. Bitcoin is currently undergoing a 50% decline from its highs, and when we compare this dip to previous bull market corrections , we’ve seen prices go down further. That said, the pattern is familiar. More BTC is now being held at a loss than in profit. Glassnode data shows that supply in loss has reached 10.5 million BTC compared to 9.8 million in profit. In past cycles, this crossover has coincided with major market bottoms. At the same BTC has retraced to the 200 week moving average, a support level reached in every past bear market. Whether this turns into another floor comes down to one question. Who is buying the coins these sellers are dumping, and how fast. If you're reading this, you’re already ahead. Stay there with our newsletter .

5 Jun 2026, 11:05

Bitcoin slides, stocks rally, gold shines over the past year

More on Bitcoin USD, Gold Spot Price, etc. Bitcoin Whales Are Thrashing Around. What's Going On? Yes, This Feels Like 1999 - There's Just One Problem Gold Market Commentary: Hiking Up A Volcano AM Markets Need To Know: Switch funding round, JPM upgrades Tesla, and more Stock index futures fall as investors await key labor data