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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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1️⃣ Publish an
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
Join the Trading Volume & Net Deposit Leaderboards to win from a 20 ETH prize pool
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
To join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)
Breaking: JPMorgan Eyes Bitcoin-Backed Loans in Major U-Turn
According to a Tuesday report by the Financial Times, American banking behemoth JPMorgan is considering allowing its clients to borrow cash against Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies
Notably, the policy change that is currently being explored would make it possible to directly use crypto as collateral instead of just crypto-related products like exchange-traded funds (ETFs).
JPMorgan, which is the largest US bank by total assets, could potentially gain a competitive advantage with such a trailblazing move. Its key competitors, such as Goldman Sachs, are yet to allow borrowing cash against crypto
The bank would likely use the services of a third-party custodian for crypto-backed loans, according to the report.
If the policy ends up being implemented, this would make a major U-turn for the banking titan and CEO Jamie Dimon, who has been consistently hostile toward the nascent asset class.
In May, as reported by U.Today, Dimon criticized the idea of the US stockpiling Bitcoin