JPMorgan Eyes Stablecoin With ‘JPMD’ Trademark; Solana Stocks Could Jump 75%

Bybit Unveils Byreal: A Hybrid Solana DEX Aiming to Merge CEX Performance With DeFi Principles

As Solana’s memecoin frenzy played out largely on decentralized exchanges like Raydium and Jupiter, centralized exchanges mostly stayed on the sidelines—wary of regulatory scrutiny and scattered liquidity. But with market dynamics shifting, Bybit is entering the arena with Byreal, a new Solana-based exchange that blends centralized liquidity with decentralized execution.

Built in-house and launching its testnet on June 30, Byreal will feature RFQ and CLMM trading, MEV protection, and tools like the Revive Vault for yield and Reset Launch for fairer token distribution. Byreal’s pitch is to combine CEX-like speed and liquidity with the transparency and composability of DeFi—an answer to both fragmented Solana DEX offerings and rising competition from platforms like Hyperliquid. Bybit’s move signals a broader trend: centralized exchanges looking to evolve and compete in the next wave of crypto trading.

Coinbase Sparks Backlash Over US Army Parade Sponsorship Amid Political Tensions

Coinbase is facing criticism from the crypto community after sponsoring a US Army parade in Washington, D.C., seen by many as a political move. Venture capitalist Adam Cochran announced he was cutting ties with Coinbase, citing a betrayal of its neutrality policy. The event, backed by Donald Trump, occurred amid rising political violence and public protests. Critics argue the sponsorship clashes with crypto’s anti-establishment roots and could damage its broader appeal.

Cantor Fitzgerald Sees 75% Upside in Solana-Linked Stocks as Investor Demand Grows

Cantor Fitzgerald has initiated coverage on three Solana-exposed companies—DeFi Development Corp (DFDV), Upexi (UPXI), and SOL Strategies (HODL)—rating them “overweight” with potential upside of up to 75%. The firm sees these stocks as new ways for investors to gain exposure to Solana, citing the blockchain’s superior technology and staking rewards. Cantor argues these firms could become the “next generation” of crypto treasury plays, much like MicroStrategy with Bitcoin.

JPMorgan Files ‘JPMD’ Trademark, Signaling Possible Stablecoin and Blockchain Expansion

JPMorgan Chase has filed a new trademark application for “JPMD,” covering a broad range of crypto services including trading, exchange, and payments—fueling speculation about a potential stablecoin. While the term wasn’t used directly, recent reports suggest JPMorgan and other major banks are exploring a joint stablecoin project. The move aligns with JPMorgan’s growing blockchain involvement through its Kinexy platform and JPM Coin, and comes as the US stablecoin bill gains momentum in Congress.

Resources:

Blockworks

Cointelegraph

Decrypt