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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.
🕘 10:00 AM:
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.
🕘 11:00 AM:
Ronin 2.0 Teased by Sky Mavis Co-Founder
Aleksander Larsen, co-founder of Sky Mavis, hinted at a major shift for the Ronin Network, posting on X that internal conversations have begun about its “potential path forward.”
“So far everyone has been overwhelmingly positive… We have to adapt or be left behind. Are you ready for Ronin 2.0?”
Pi Network Rolls Out Fiat On-Ramp via Pi Wallet
Pi Network has launched a new “Buy” feature in the Pi Wallet that allows users to purchase Pi coins directly using fiat including credit cards, debit cards, and Google Pay. The feature is powered by Banxa and Onramper, and is currently rolling out to select users.
🕘 11:00 AM:
Early ETH Whale Awakens After 4 Years, Sends $2.96M to Kraken
A long-dormant Ethereum ICO participant just moved 800 ETH to crypto exchange Kraken. On-chain data shows the wallet originally received 8,950 ETH for just $2,783 during Ethereum’s 2015 token sale.
- The user still holds 1,780 ETH, and has realized a 4,803% return, according to Cointelegraph.
- Total profit: $13.36 million
The wallet’s last major movement was in 2019.
This is a developing story: JP Morgan Considers Bitcoin | BitPinas Live Crypto Updates | July 23, 2025
What else is happening in Crypto Philippines and beyond?
