Ethereum’s Base Network Welcomes JPMorgan’s JPMD Deposit Token for 24/7 Wholesale Settlement
In a groundbreaking move for institutional crypto adoption, JPMorgan has launched its JPMD deposit token on Ethereum's Base network, revolutionizing wholesale dollar settlements. The token—backed by insured bank balances—enables 24/7 transaction finality, eliminating traditional Fedwire delays. Major players like Coinbase, B2C2, and Mastercard are already participating in live pilots, signaling strong institutional confidence. This development marks a pivotal moment for Ethereum's layer-2 ecosystems as traditional finance embraces blockchain's efficiency. As of November 2025, JPMD's deployment on Base demonstrates how legacy institutions are leveraging Ethereum's scalability to modernize global settlements while maintaining regulatory compliance.
JPMorgan Launches JPMD Deposit Token on Ethereum's Base Network, Pioneering 24/7 Settlement
JPMorgan has transformed its JPM Coin system into JPMD, a deposit token backed by insured balances at the bank, and deployed it on Coinbase's ethereum layer-2 network, Base. This move enables 24/7 settlement for wholesale dollar transactions, bypassing traditional Fedwire delays.
Pilot transactions with major players like B2C2, Coinbase, and Mastercard are already live. The bank positions JPMD as programmable commercial-bank money—instant, composable, and available around the clock. Settlement between JPMorgan clients finalizes in seconds on Base, with simultaneous updates to the bank's internal ledger.
Unlike decentralized finance experiments, JPMD operates as regulated bank money on public blockchain rails. It represents FDIC-insured deposit liabilities at a systemically important bank, now managed via an Ethereum rollup instead of JPMorgan's proprietary database.
RISE Expands Beyond Layer 2 to Become Hub for Global Onchain Markets
RISE, the fastest Ethereum LAYER 2 solution, has unveiled a strategic pivot with the launch of RISE MarketCore and RISEx, positioning itself as the foundational infrastructure for global onchain markets. The platform's evolution from a high-performance execution layer to a comprehensive ecosystem for onchain trading marks a significant leap forward.
The acquisition of BSX Labs has bolstered this expansion, providing critical technology to power RISE's new global markets offering. By solving the latency and complexity issues that have traditionally hindered blockchain-based orderbooks, RISE enables DEEP liquidity, programmability, and composability previously unseen in financial markets.
At the Core of this transformation lies RISE's ultra-low latency EVM, which supports a new orderbook infrastructure and perpetuals DEX. This development allows for permissionless creation of fully onchain spot and perpetual markets, potentially reshaping how global markets operate on the blockchain.
Alert! Chrome Extension Steals Ethereum Wallets in 2025: Protect Your Crypto Now!
A malicious Chrome extension posing as a legitimate Ethereum wallet, 'Safery: ethereum Wallet,' has been discovered on the Chrome Web Store. The extension covertly harvests users' seed phrases and transmits them to attackers via small Sui-based transactions, enabling unauthorized access and theft of digital assets.
The extension's deceptive design includes a functional interface, masking its illicit activities. Upon wallet creation or import, seed phrases are exfiltrated using synthetic Sui-style addresses, complicating detection. Warning signs include lack of user reviews, minimal branding, grammatical errors, and no official website.
Users are advised to scrutinize extensions and developers, safeguard seed phrases, and monitor wallet transactions regularly to mitigate risks. The incident underscores the persistent threats in the crypto ecosystem, particularly for Ethereum (ETH) holders.
Ethereum Sees Divergence as Long-Term Holders and BlackRock Accumulate Amid Price Drop
Ethereum's price decline to $3,200—a 7.32% drop in 24 hours—contrasts sharply with accumulating behavior from long-term holders and institutional giants. Transactions by 3–10 year ETH holders surged to 45,000 daily, levels unseen since February 2021, while BlackRock deposited $135.7 million worth of ETH into Coinbase.
Technical indicators paint a bearish picture: RSI at 43.25, MACD crossover, and prices testing the lower Bollinger Band. Yet the accumulation pattern suggests strategic positioning, with veteran investors potentially viewing the dip as a buying opportunity.
The market capitalization now stands at $372.75 billion, with $63.58 billion in daily volume. This institutional-long holder alignment during weakness echoes Bitcoin's 2018 accumulation phase before its historic rally.
