Crypto ATM operators in Washington’s Spokane City have been ordered to remove their kiosks within 60 days following a citywide ban. The decision was enacted following a unanimous vote during the Spokane City Council’s legislative session on June 17, making…

Crypto ATMs banned in Washington’s Spokane city as scam losses mount

After days of rumors around the identity of the mysterious ‘JPMD’ token filed 
by JPMorgan, widely supposed to be a stablecoin, the truth has finally 
emerged. JPMD isn’t a stablecoin after all – it’s a deposit token on the Base 
blockchain (Coinbase’s own blockchain). With JPMD, institutions have a round- 
the-clock method of making deposits, incorporating established banking systems 
with blockchain technology. It’s one more step along the path towards crypto 
as a normal part of everyday life, alongside core crypto projects like Best 
Wallet token. Time to learn more about why JPMorgan thinks deposit tokens are 
part of the future of crypto. Not a Surprise After All: JPMorgan Champions 
Deposit Tokens Perhaps everyone should have guessed what JPMD was. After all, 
one of the largest banks in the US is hardly likely to do anything without a 
lot of research and preparation. And in this case, JPMorgan has been 
championing blockchain-powered deposit tokens since at least 2022. That was 
when the company published an extensive report on the utility and function of 
proposed deposit tokens. Calling them ‘a foundation for stable digital money,’ 
JPMorgan outlined a number of core advantages a deposit token could offer to 
traditional banks: ✔️ Digital form of commercial bank money – deposit token 
fills the role of existing deposit claims ✔️ Blockchain-native programmability 
– with deposit tokens, banks can access smart contracts, an atomic settlement 
option, and automated processing ✔️ Payment efficiency and cost reduction – 
on-chain deposit tokens provide real-time transfers; no more waiting for 
deposits to settle after-hours ✔️ Seamless integration with banking – 
established use cases, existing support networks, and even clear legal status; 
there’s little to prevent immediate use of deposit tokens within the current 
banking infrastructure That last point is critical. Even while stablecoins 
draw increased attention, deposit tokens like JPMD hold one clear advantage: 
they fit neatly into existing rules and regulations. Trademark Filed, JPMorgan 
Builds Base for Crypto-Finance Integration JPMorgan filed the trademark 
application on June 15, 2025. As it turns out, the deposit token will be built 
on the Base blockchain and will leverage that chain to provide round-the-clock 
crypto access for its clients (Coinbase is one). If JPMD takes off – and it 
should, since JPMorgan has a market cap of roughly $738B – it could be the 
next step in the growing conjunction between crypto and finance. Institutions 
have led crypto adoption in recent months, but there are growing signs that 
retail adoption won’t be far behind. Success in a fully integrated crypto- 
financial world will rest partly on the power of your crypto wallet. Best 
Wallet app is a leading non-custodial crypto wallet, and now the Best Wallet 
Token launch takes the wallet to the next level. Best Wallet Token ($BEST) – 
Upgrade Your Crypto Wallet to be Future-Proof Best Wallet token ($BEST) takes 
the power of the Best Wallet app up a notch. $BEST token holders gain: ✅ 
Exclusive crypto presale access ✅ Reduced trading fees ✅ Increased staking 
rewards ✅ Governance rights and participation Best Wallet is the only crypto 
presale wallet, offering an Upcoming Tokens feature where you can research and 
invest in the best crypto presales. It’s all part of a growing crypto 
ecosystem where Best Wallet, Best Wallet Token, and the upcoming Best Card 
work together to equip you to navigate a brave new crypto world. That gives 
$BEST unique utility, even among other crypto presales. Currently, tokens cost 
$0.025195, and early investors can stake them for a 104% variable APY. Our 
price prediction sees the token price potentially reaching $0.035215 by the 
end of the year, delivering 40% returns to anyone who buys in now. Learn how 
to buy Best Wallet token, and don’t forget to visit the Best Wallet Token 
presale page today. JPMorgan, Best Wallet Show Path Forward for Crypto 
Together, the launch of both $BEST and $JPMD highlights the way forward for 
crypto. Traditional finance and crypto are no longer separate things – they’re 
two sides of the same coin, and crypto wallets connect them. Before purchasing 
$BEST, do your own research. This isn’t financial advice.

Much Ado About Something? JPMorgan Launches USD Deposit Token – Not Stablecoin

As Pi Network prepares for its June 28 mainnet migration, several users are 
facing KYC failures and wallet errors, raising concerns about the platform’s 
readiness for open blockchain adoption.

Pi Network migration problems: Users report KYC, 2FA and balance errors

Stablecoin regulation is set to transform the entire financial sector, 
industry experts believe.

GENIUS Act could bring trillions in institutional crypto capital: experts weigh in

U.S. stocks looked to edge higher on Wednesday as the market pondered the next 
steps ahead of the Federal Reserve’s interest rate decision and the unfolding 
Israel-Iran conflict. The Dow Jones Industrial Average hovered near 42,246, up 
30 points at…

Dow, S&P 500 open flat ahead of Fed’s rate decision

According to reports, Iranian cryptocurrency exchange Nobitex suffered a 
breach, with onchain data revealing that around $82 million was siphoned from 
its reserves. A hacker collective calling itself Predatory Sparrow has claimed 
responsibility for the coordinated hit on the centralized exchange (CEX). 
Hackers Loot Iran’s Nobitex, Threaten Full Source Code Leak Within 24 Hours On 
[…]