PANews reported on August 7th that JPMorgan (JPMorgan Chase) has launched an on-chain intraday repo (repo) solution based on its proprietary Kinexys blockchain network. This tool allows traders to exchange cash for securities on the HQLAx platform through JPMorgan's blockchain deposit accounts, achieving minute-by-minute settlement. Developed with the collaboration of HQLA-X and Ownera, the product has already achieved daily trading volumes exceeding $1 billion. The platform also supports multiple trading venues and collateral sources, with the potential for future expansion to include digital cash instruments such as stablecoins and central bank digital currencies.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
