According to @cas_abbe, the $4.3 trillion financial institution JP Morgan is considering offering loans backed by Bitcoin (BTC) and Ethereum (ETH) holdings. The source indicates that this service could launch as early as next year. For traders, this potential move represents a significant step towards institutional adoption, potentially unlocking massive liquidity by allowing clients to leverage their crypto assets without selling them. This could increase the utility and holding incentive for BTC and ETH, possibly leading to reduced sell pressure and a more stable, mature market.

According to @rovercrc, JPMorgan, a financial institution managing $4.3 trillion in assets, is reportedly considering a significant move into the digital asset space by offering loans collateralized by clients' cryptocurrency holdings. This development, if realized, could represent a major step in institutional adoption, potentially increasing market liquidity and reducing sell pressure as investors could borrow against their crypto assets instead of liquidating them. For traders, this signals growing acceptance and integration of cryptocurrencies into the traditional financial system, which could provide a long-term bullish catalyst for the market.

According to Lookonchain, after being hacked, Bybit has received a total of 145,879 ETH, equivalent to $390 million, in loans and deposits. Large withdrawals include 47,800 ETH ($127.56 million) moved from Binance to Bybit as loans, and Bitget transferring 40,000 ETH ($106 million) to Bybit. Additionally, a whale identified as '0x3275' transferred 20,000 ETH ($53.7 million) to Bybit.