JPMorgan’s JPMD Deposit Token on Ethereum-Based Base Blockchain Signals Major Institutional Adoption

In a groundbreaking move, JPMorgan Chase has launched its JPMD deposit token on Coinbase's Base blockchain, an ethereum Layer 2 solution. This strategic pivot underscores the growing institutional embrace of blockchain technology within traditional finance. Unlike stablecoins, JPMD operates within the existing banking framework, offering scalability, regulatory compliance, and potential interest earnings for approved institutions. The launch follows a recent trademark filing and highlights JPMorgan's commitment to integrating blockchain solutions into mainstream finance. This development is particularly significant for the Ethereum ecosystem, as Base blockchain's Ethereum compatibility positions ETH as a foundational layer for institutional innovation. The JPMD token could pave the way for broader adoption of Ethereum-based financial products by traditional banks, potentially driving long-term value for ETH. As of June 2025, this move reinforces Ethereum's dominance in enterprise blockchain adoption and sets a precedent for other financial giants to follow suit in leveraging Ethereum's infrastructure for compliant digital asset solutions.

JPMorgan Launches JPMD Deposit Token on Coinbase's Base Blockchain

JPMorgan Chase has taken a decisive step into the crypto space with the launch of its JPMD deposit token on Coinbase's Base blockchain. The move follows a trademark filing earlier this week and marks a strategic pivot toward blockchain-based financial solutions. Unlike stablecoins, JPMD operates within the traditional banking framework, offering scalability, regulatory compliance, and potential interest earnings for approved institutions.

The choice of Base—a Layer 2 Ethereum solution—highlights JPMorgan's focus on scalability and ecosystem trust. With its total value locked (TVL) more than doubling in a year, Base provides a robust foundation for JPMD's dollar-denominated transactions. Future expansions may include additional currencies, pending regulatory approvals.

Ethereum Price Forecast: Can ETH Rise to $4,000?

Ethereum (ETH) has declined nearly 11% over the past week as broader crypto markets retreat amid geopolitical tensions and macroeconomic uncertainty. The Federal Reserve's upcoming meeting and stalled U.S.-China tariff negotiations have fueled investor caution, with the Fear and Greed Index slipping to 48—neutral territory leaning toward fear.

This marks a stark contrast to late May's bullish sentiment, when ETH surged toward $3,000 following the Pectra upgrade. The network enhancement boosts scalability by increasing blobs per block, enabling layer-2 solutions like Arbitrum to process transactions faster and cheaper. Crucially, Pectra introduces a fee-burning mechanism that could cement ETH's deflationary trajectory.

Technical analysis suggests ETH could rally to $4,000 if it breaks its current consolidation pattern. The token's fundamentals remain strong, with protocol improvements positioning it for long-term growth despite short-term market headwinds.

TAC Secures $11.5M Funding to Integrate DeFi with Telegram's Massive User Base

TAC, a blockchain platform designed to bridge EVM-compatible decentralized applications with the TON and Telegram ecosystems, has raised $11.5 million in seed and strategic funding. The latest $5 million strategic round was led by Hack VC, underscoring institutional confidence in TAC's mission to enhance blockchain utility within Telegram's billion-user network.

Ed Roman, Managing Partner at Hack VC, emphasized the firm's focus on supporting teams that build the future of the internet. "TAC stands out with its DEEP infrastructure expertise and proven growth strategies," Roman said. The investment reflects strong conviction in TAC's potential to facilitate Ethereum dApp adoption through Telegram and TON.

With its mainnet launch approaching, TAC has already attracted major DeFi protocols like Curve, Morpho, and Euler during its DevMainnet phase. Over 20 leading applications are preparing for integration, ensuring immediate liquidity and utility upon public launch. Pavel Altukhov, Co-Founder and CEO of TAC, stated the funding will accelerate efforts to equip EVM developers with tools to tap into Telegram's vast user base.

Ethereum Holds $2.5K Support as Golden Cross Looms

Ethereum's price action shows consolidation between $2,500 and $2,540, with declining volume hinting at accumulation rather than distribution. The cryptocurrency remains capped below the crucial $2,800 resistance level, a barrier that has stifled upward momentum in recent weeks. A breakout could reignite bullish sentiment toward $3,000.

Staking activity has surged to record levels, with over 35 million ETH now locked—a development that may tighten circulating supply. Geopolitical uncertainties continue to inject volatility across financial markets, adding complexity to Ethereum's technical setup.

Technical analysts highlight an impending 'golden cross,' where the 50-day moving average rises above the 200-day average. This historically bullish signal has preceded significant rallies in past cycles. ETH's 24-hour trading range of 4.05% saw strong support emerge at $2,490-$2,500, establishing a critical technical floor.

Ethereum Price Prediction: Triple Bottom Forms, $3K Breakout Imminent

Ethereum's current price of $2,521.18 reflects a 1.72% dip, with weekly losses nearing 8.66%. Despite short-term volatility, a bullish 'triple bottom' pattern suggests a potential rebound to $3,000. Analysts remain optimistic, forecasting a year-end surge toward $5,494.68.

The network's momentum stems from technological upgrades like Ethereum 2.0, institutional interest, and expanding use cases in DeFi, NFTs, and Web3. Trading volume has retreated 13.66% to $21.99 billion, signaling cautious market sentiment.

Crypto analyst Ahmad Mustafa identifies a classic triple bottom formation developing from late May to mid-June 2025. This technical pattern, combined with fundamental strengths, positions Ethereum for potential upside despite recent pullbacks.

Analyst Who Turned $500 into $114k with Ethereum Backs Kaanch Network for 100x Growth

A former Ethereum early adopter, known for transforming a $500 investment into $114,000, has identified Kaanch Network as her next high-conviction pick for 2025. The project focuses on real-world asset tokenization, enabling fractional ownership of assets like Gold and real estate. Kaanch claims superior speed, security, and cost-efficiency compared to Ethereum, positioning it as a viable option for both institutional and retail investors.

The analyst, who previously bought Ethereum at $11 and sold at $2,600, predicts a 100x return for Kaanch. The network's presale is currently in Stage 6, with tokens priced at $0.32. Demand has surged, raising over $2.28 million. The next stage will see the price double to $0.64, adding urgency for potential investors.