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Weekly Briefing: JPMorgan launches tokenization network, mints BlackRock funds tokens

Weekly Briefing: JPMorgan launches tokenization network, mints BlackRock funds tokens

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Hello CryptoBriefers!

Here’s a recap of the major stories so far this week.

The largest US bank, JPMorgan, has partnered with BlackRock to tokenize their assets to allow real-time trade and collateral settlement with UK-based Barclays Bank.

Binance collaborated with Israel to cut off crypto financing to militant groups responsible for recent attacks. However, blockchain data shows that these groups still hold $130M in crypto.

ETH seems to be shifting back toward inflation. However, Ethereum’s supply has been decreasing since the start of the year.

Let’s jump right in.

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Today’s Newsletter

  • JPMorgan launches tokenization network, mints BlackRock fund tokens.
  • Binance helps Israel freeze Hamas crypto accounts.
  • Ethereum’s supply flips inflationary, adding 30,000 ETH in 30 days.

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Markets

Data powered by CoinGecko.

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Top Stories

ADOPTION

JPMorgan launches tokenization network, mints BlackRock fund tokens

JPMorgan’s new Tokenized Collateral Network (TCN) helped BlackRock complete a private over-the-counter trade with Barclay’s Bank in seconds rather than taking up to a day through traditional railways.

Financial leaders are now putting their assets into JPMorgan’s Onyx private blockchain to make banking more efficient for institutions. [link]

EXCHANGES

Binance helps Israel freeze Hamas crypto accounts

Binance assisted Israel in freezing cryptocurrency accounts used by Palestinian militant group Hamas for fundraising behind recent attacks on Israel.

Although Binance has seized more than 190 accounts linked to Hamas, Palestinian Islamic Jihad, and Hezbollah, militants can still use the Bitcoin network and USDT to circumvent US sanctions. [link]

ETHEREUM

Ethereum’s supply flips inflationary, adding 30,000 ETH in 30 days

Ethereum became deflationary at the beginning of the year after EIP-1559’s fee-burning mechanism and 90% lower issuance after The Merge.

The demand for block space seems to be shifting away from Ethereum to layer-two scaling solutions. However, Ethereum’s inflation rate is still 0.2%. [link]

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