Market Analysis Report (31 Jul 2025)
Main Idea
JPMorgan partners with Coinbase to enable crypto purchases for its customers, while Trump's White House releases a crypto strategy and Robinhood reports strong Q2 earnings with doubled crypto revenue.
Key Points
1. JPMorgan and Coinbase will allow customers to buy crypto using credit cards, points, and bank accounts, with credit card support starting in fall 2025 and other features in 2026.
2. Chase customers can redeem 100 Ultimate Rewards points for $1 in USDC on Coinbase’s Base network, marking the first major U.S. rewards program to enable crypto purchases.
3. Trump’s White House released a 163-page crypto strategy document supporting stablecoin oversight under the GENIUS Act but omitted details about a proposed government-run crypto reserve.
4. Robinhood reported Q2 adjusted earnings of $0.42 per share, beating estimates, with crypto revenue doubling to $160 million, driven by tokenization and acquisitions like Bitstamp and WonderFi.
5. Robinhood expanded its crypto offerings, including tokenized stocks and ETFs, and increased its regulatory reach in North America through acquisitions.
Description
JPMorgan, Coinbase to Enable Crypto Buys With Cards, Points and Bank Accounts | Trump’s White House Releases Crypto Strategy, But Bitcoin Reserve Details Still Missing | Robinhood Tops Q2 Estimates as Crypto Revenue Doubles
