JPMorgan Considers Bitcoin | BitPinas Live Crypto Updates | July 23, 2025

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From Wall Street’s surprising crypto pivot to the latest price updates, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.

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JPMorgan May Offer Bitcoin- and Ethereum-Backed Loans in 2026

JPMorgan is reportedly exploring crypto-collateralized loans for clients, starting with Bitcoin and Ethereum, according to the Financial Times. The move marks a surprising shift for CEO Jamie Dimon, a longtime crypto skeptic, who said in May he was “not a fan” of Bitcoin due to its association with leverage and money laundering.

This comes as other major U.S. banks like Bank of America and Citibank work on developing their own stablecoins, signaling a broader shift toward crypto-friendliness in traditional finance.

Nearly $400M in Crypto Liquidations as Market Turns Volatile

In the past 24 hours, crypto markets saw over $397 million in total liquidations, with more than 131,000 traders rekt, according to data from Coinglass and liquidation tracking platforms.

• Longs dominated the wipeout: $256 million vs. $141 million in shorts
• Top liquidated tokens included ETH ($622K), SOL ($440K), PENGU ($368K), and DOGE ($321K)
• The largest single liquidation was an ETHUSDT long worth $3.97 million on Binance

Analysts attribute the spike in liquidations to sharp intraday swings in BTC and ETH. While BTC briefly crossed $120K, high leverage positions on alts triggered cascading liquidations.

Wall Street Ramps Up Crypto Hiring Across VP Roles

Citi, Goldman Sachs, and JPMorgan are actively hiring for digital asset-related roles. This signals continued institutional investment in blockchain talent amid a friendly regulatory regime.

• Goldman Sachs is hiring VPs for digital assets compliance in Singapore and legal associates in London focused on global markets and crypto.
• JPMorgan lists multiple openings in Jersey City, including for a Lead Software Engineer – Blockchain and Digital Assets, highlighting skills in microservices, cryptographic protocols, and decentralized applications.
• Citi posted a VP-level Full Stack Engineer role in New York with a salary range of $142K to $213K, focused on digital assets infrastructure.

This is a developing story: JP Morgan Considers Bitcoin | BitPinas Live Crypto Updates | July 23, 2025

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