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Frank Chaparro reports that JPMorgan has assessed current bitcoin mining economics as worsening, with BTC now trading below the cost of production.
This development may put additional pressure on miners, potentially impacting profitability across the sector.
JPMorgan has recently taken steps into blockchain with leading U.S. banks through a tokenized deposit network designed to rival crypto platforms. Chaparro has also tracked new crypto-adjacent products, noting Coinbase's launch of pre-IPO perpetual futures for SpaceX. Both efforts signal continued traditional finance activity at the digital asset frontier.