Japanese lender launches Bitcoin-backed loans of up to $6.2M

JPMorgan warns Wall Street's shift to private blockchains could drain liquidity from crypto markets, but the move may paradoxically strengthen Bitcoin's case as an outside ledger beyond institutional control. Swift and DTCC are testing tokenized systems that keep massive settlement volumes off public chains. Bitcoin's scarcity and censorship resistance position it as the neutral asset outside the walled garden system banks are building.

SEC reviews 24+ prediction market ETF filings from Roundhill, Bitwise, and GraniteShares that could bring election and event betting into retail brokerage accounts. Approvals remain stalled over valuation, settlement, and disclosure concerns—particularly when outcomes qualify as decided. Once approved, event contracts tracking elections, recessions, and asset prices could reach mainstream investors through traditional ETF wrappers.

The price of bitcoin hit $64,400, retesting a level it failed to penetrate on Monday, with a break higher opening the path toward the June 15 peak of $67,250....