SBF Testifies today without Jury

Plus: JPM Coin surpasses $1 billion USD transactions, Meme coins rally

Welcome to the Coinfeeds Daily Digest. SBF testifies today without a jury. Memecoins are rallying. Traditional finance markets are interested in DeFi technology. Sentiment is definitely looking up!

Market Update

News

Sam Bankman-Fried Testifies without Jury

The jury has been sent home and is expected to return Friday. | Read More

JPMorgan's JPM Coin Handles $1 Billion Daily Transactions

The digital token, initially supporting only U.S. dollars, now includes euros, with plans for a retail version in the pipeline, signaling a promising future for digital tokens in the banking industry. | Read More

Traditional Finance on DeFi Rails

Gains Network reports surge in USD/JPY trading volume, Japan leads in stablecoin regulation, and Deutsche Bank trials SWIFT alternative for stablecoins | Read More

Pepecoin's market cap doubles

Following a token burn and the addition of new advisors, Pepecoin's market cap doubles to $500 million, mirroring the success of other memecoins like Dogecoin and Shiba Inu. | Read More

FTX moves large amounts of crypto

FTX's debtor group transfers over $19 million worth of tokens, including SOL and ETH, to various crypto exchanges, potentially signaling impending liquidation to repay creditors. | Read More

Overwhelming Optimism on Bitcoin Price

Analysts cite Fibonacci retracement levels and institutional demand as key factors driving Bitcoin's potential growth, while warning investors of possible volatility and 'chopfest' periods. | Read More