# BSCN Debrief: JPMorgan brings JPM Coin to Ethereum *JPMorgan's deposit token lands on Ethereum, Metaplanet's U.S. treasury platform clears a key vote, and Uniswap notches its best revenue month ever. Here's what mattered.* By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-10-19 crypto news, bitcoin, ethereum, jpmorgan, newsletter --- [![](https://storage.googleapis.com/papyrus_images/31d6b9b5153f6846eba3679e581dc0d74034f5bbdaff70cd5f18c8194cf88273.png)](https://bscnhive.com/YS5WFAi) ⚡ **Swap across chains, no middlemen.** [THORChain](https://bscnhive.com/YS5WFAi) lets you swap natively between Bitcoin, Ethereum, Solana, XRP, BNB Chain, Avalanche and more, straight from your own wallet. No wrapped tokens, no bridges, no KYC. [Swap now](https://bscnhive.com/YS5WFAi). [![](https://storage.googleapis.com/papyrus_images/cff0a300a78a38569bed3bc946b80b641bfdc62f3ddb6012c22c9722bdb5a248.png)](https://bscnhive.com/bscninsider) 📲 **Want fast news direct to your inbox?** Join the BSCN Insider club on Telegram for breaking stories and market moves the moment they land. **JOIN NOW:** [bscnhive.com/bscninsider](https://bscnhive.com/bscninsider) Breaking News ------------- [**Metaplanet's US Bitcoin Treasury platform gets huge boost**](https://bsc.news/news/metaplanet-super-league-superplanet-bitcoin-treasury) ![](https://storage.googleapis.com/papyrus_images/8ebda2476c8a0bab0b859c54d5d6d4cb3cbb639e003683217d79fb190afabbb1.jpg) Stockholders of Nasdaq-listed Super League Enterprise have approved proposals tied to Metaplanet's planned investment, clearing the way for the launch of the "Superplanet" U.S. Bitcoin treasury platform. [**Bitwise XRP ETF Crosses Half a Billion Dollars**](https://bsc.news/news/bitwise-xrp-etf-half-billion-assets) ![](https://storage.googleapis.com/papyrus_images/edadc011079855cfc25c44f83f60e6f83a9afa20011099f4a85e1ff3bdc372c4.jpg) Bitwise's spot XRP exchange-traded fund has passed the half-billion-dollar mark in net assets, continuing the strong momentum for altcoin ETFs in 2026. [**Vitalik Buterin Proposes a New Path For Ethereum Cryptography**](https://bsc.news/news/vitalik-buterin-eip-8288-ethereum-cryptography) ![](https://storage.googleapis.com/papyrus_images/895e23ce68e4ffd595dc95840467880794169fd989134269dfda5812a23e2066.jpg) Ethereum co-founder Vitalik Buterin has published EIP-8288, proposing a shift in the network's cryptographic foundation that could shape how Ethereum secures transactions for years to come. [**Saylor Teases Another Bitcoin Buy**](https://bsc.news/news/saylor-strategy-bitcoin-teaser-strc-buyback) ![](https://storage.googleapis.com/papyrus_images/e8a400186c524871017a95b6bbeb7f6c7ce015fd1cefdd89008cf4e6f2b1847c.jpg) Michael Saylor posted "We found room for more orange," a phrase his followers read as a hint at another Bitcoin purchase by Strategy. What the Markets Think ---------------------- * [**Fed Decision in October?**](https://polymarket.com/event/fed-decision-in-october?via=BSCNews) 87% no change. Markets expect rates to hold steady this month despite mounting pressure from AI-driven inflation surprises. * [**Bitcoin above $82,000 on October 19?**](https://polymarket.com/event/bitcoin-above-on-october-19?via=BSCNews) 69% odds. Traders are pricing in a likely hold above the $82K level as spot ETFs continue to see steady inflows. * [**Will the Iranian regime fall before 2027?**](https://polymarket.com/event/iranian-regime-fall-before-2027?via=BSCNews) 16% chance. Long-shot odds, but geopolitical risk premium remains embedded in oil and crypto markets. The Big Story ------------- [**JPMorgan Brings JPM Coin To Ethereum**](https://bsc.news/news/jpmorgan-jpm-coin-ethereum-launch) ![](https://storage.googleapis.com/papyrus_images/25865916266297718d4c501f71cae0b3b1c5fe699b194e4fac0c8882c5edc877.jpg) JPMorgan has launched its deposit token, JPM Coin, on Ethereum for institutional clients. The move extends the token beyond Base, where it first launched in 2025, and marks a significant expansion of the bank's on-chain payment rails. JPM Coin is a dollar-denominated token backed 1:1 by deposits held at JPMorgan, designed for instant settlement between institutional counterparties. The Ethereum deployment opens the token to a broader set of decentralized finance protocols and enterprise infrastructure, though access remains permissioned. JPMorgan has been [building its blockchain infrastructure](https://bsc.news/news/robinhood-chain-powers-uniswap-record-revenue) for years, and this marks another step toward embedding traditional finance in public blockchain networks. Top Stories ----------- [**Robinhood Chain Powers Uniswap's Record Revenue Month**](https://bsc.news/news/uniswap-record-revenue-robinhood-chain) ![](https://storage.googleapis.com/papyrus_images/832034b2179f7e84bd9d264c57be187dc374aadc0e6170822fab4c996b9e4d69.jpg) Uniswap generated $14.81 million in protocol revenue in September, its highest monthly total since the fee switch went live. Robinhood Chain accounted for a significant share of that activity, driving volume through the Layer 2 network that launched earlier this year. The protocol's fee switch, which redirects a portion of trading fees to UNI holders, has turned Uniswap into one of the highest-earning DeFi protocols in 2026. [**Polkadot Seems To Be The Most Expensive Blockchain To Use**](https://bsc.news/news/polkadot-most-expensive-layer-1-fees) ![](https://storage.googleapis.com/papyrus_images/3bef337e8e48250ebf633b3b1a5c00afde0839dfffddd53d6b770795e680a673.jpg) Polkadot ranks as the most expensive Layer-1 blockchain to use, according to a fee comparison from analytics platform Chainspect. The finding underscores a growing tension in the ecosystem between decentralization, security, and transaction costs. Polkadot's parachain model, which requires DOT staking and auction participation, adds structural costs that don't exist on monolithic chains. [**Injective Ecosystem Posts Billion Dollar RWA Milestone**](https://bsc.news/news/injective-rwa-perpetuals-1-1-billion-volume) ![](https://storage.googleapis.com/papyrus_images/cf1ee45338ce36c30438dd14f40044de56676fc591c98b44f6dfbdd26b4aafc6.jpg) Real-world asset perpetuals on Injective have surpassed $1.1 billion in year-to-date trading volume. The market growth reflects rising demand for on-chain exposure to tokenized commodities, equities, and other traditional assets. Injective's infrastructure allows traders to access synthetic positions on assets like gold, oil, and major indices without leaving the crypto ecosystem. Deep Dive of the Week --------------------- [**Ava Labs vs. the Avalanche Foundation: Who Does What?**](https://bsc.news/post/ava-labs-vs-avalanche-foundation) ![](https://storage.googleapis.com/papyrus_images/686f032f1682968b6fdc284901b2952f2ef0658967db55e2a7a8634bfd03d7be.webp) Ava Labs builds Avalanche's software, and the Avalanche Foundation funds and grows the ecosystem around it. The distinction matters more than you'd think. Ava Labs is a software company founded in 2018 that develops the network's core infrastructure and provides services to the Foundation. The Avalanche Foundation is a non-profit that manages grants, community initiatives, and network governance. Understanding the split helps clarify how decisions get made, who controls what, and where the money flows in one of crypto's most active Layer-1 ecosystems. By the Numbers -------------- * **$450 million in active loans:** Aave V4 hits a new milestone less than a month after launch, with demand for the protocol's latest iteration accelerating. * **1.9 million APT burned:** Aptos has now burned roughly $20.9 million worth of tokens since mainnet launch, part of its deflationary supply mechanism. * **$541 million stablecoin supply on Stellar:** Up 28% on the week, even as TVL in Stellar DeFi protocols cooled from a recent record high. * **November 9 mainnet date:** Kinetiq has set the launch date for Elysium, a Layer 2 network built for the Hyperliquid ecosystem. * **$82.8 million BTC moved:** MARA Holdings transferred 1,000 BTC to Binance and Gate, raising questions about whether the miner is resuming sales. * **82% TVL growth:** Zama, the privacy-focused protocol using fully homomorphic encryption, has seen its total value locked nearly double over the past month to about $131 million. On Our Radar ------------ * **Soul Labs mainnet delayed:** The team behind Soul Protocol has pushed its mainnet launch from October 19 to January 5, 2027, acknowledging the setback in a statement to users. * **Franklin Templeton hiring:** The asset manager's digital assets division is recruiting senior crypto roles, including a Head of Digital Asset Product Strategy with a base salary up to $260,000. * **Theta partners with Weaver Labs:** The decentralized video network has announced a partnership with the blockchain-linked telecom company, which will use Theta's GPU network as an AI compute resource. * **Crypto.com and Novig sue Missouri:** Both companies have taken legal action against Missouri officials over sports event contracts, with The Block reporting that the platforms are challenging the state's regulatory stance. _Until Wednesday._ --- *Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/bscn-debrief-jpmorgan-brings-jpm-coin-to-ethereum)*