Banks Test Blockchain Transactions as Bankman-Fried Defense Aims to Show No Criminal Intent, JPMorgan Expands Digital Coin Use Despite Bitcoin Whales Staying Low

Deutsche Bank and Standard Chartered testing a system for blockchain transactions, stablecoins, and CBDCs to communicate like SWIFT does in legacy banking.

Sam Bankman-Fried's defense wants him to testify about lawyers' involvement in FTX, his intentions with funds, and his knowledge of practices and financials.

JPMorgan handles $1 billion in transactions per day with its JPM Coin token and plans to expand its use beyond dollars to euros.

The number of bitcoin whale addresses near bear market lows despite bitcoin's rising price, indicating whales don't think a new bull cycle has started.

Deutsche Bank and Standard Chartered are testing a blockchain transaction system, Bankman-Fried's defense aims to show no criminal intent, JPMorgan expands use of its JPM Coin, and bitcoin whale addresses remain low.