JPMorgan Joins Coinbase for 2026 Wallet Link as Robinhood Posts $386M Profit and Expands Crypto Plans

JPMorgan and Coinbase Strike 2026 Deal to Link Bank Accounts to Crypto Wallets, Launch Rewards-to-Crypto Conversion

JPMorgan Chase and Coinbase announced a landmark partnership set to begin in 2026, enabling Chase customers to directly link their bank accounts to Coinbase wallets. Starting Fall 2025, customers will also be able to fund their crypto accounts using Chase credit cards.

A key feature of the deal allows Chase customers to convert their Ultimate Rewards Points into cryptocurrency, with 100 points equal to $1—marking the first time a major credit card rewards program can be used to fund a crypto wallet. JPMorgan called it a step toward empowering customers with more financial flexibility.

White House Panel Pushes “Golden Age of Crypto” With Unified Regulatory Roadmap, Omits Bitcoin Reserve Plans

A White House-commissioned coalition of federal agencies has released initial recommendations aimed at ushering in a “golden age of crypto” through a comprehensive regulatory framework. The report stems from President Trump’s January executive order that established the President’s Working Group on Digital Asset Markets, including key figures like Treasury Secretary Scott Bessent and SEC Chair Paul Atkins.

The working group urged Congress to build on the recently introduced Digital Asset Market Clarity Act and called for swift implementation of the GENIUS Act, which sets strict guidelines for stablecoin backing. The report also emphasizes aligning U.S. tax rules with digital asset innovation to ease compliance for individuals and businesses.

Conspicuously absent from the report is any mention of Trump’s earlier proposal for a strategic Bitcoin and crypto reserve, despite prior executive orders outlining plans for it. A full version of the report is expected later today.

Robinhood Reports $386M Q2 Profit on $989M Revenue, Surges 184% YTD Despite Crypto Revenue Dip

Robinhood delivered a strong second-quarter earnings report, posting $989 million in revenue—up 45% year-over-year and well above the $913 million expected by analysts. Net profit came in at $386 million, beating forecasts by over $100 million, with earnings per share at $0.42.

Crypto trading revenue rose 98% year-over-year to $160 million but declined from $252 million in Q1, partially due to geopolitical market volatility linked to Trump’s trade war. Still, Robinhood’s stock soared in after-hours trading, hitting $110 before settling around $105, and is now up 184% year-to-date—far outpacing Coinbase’s 51% gain.

The company continues expanding its crypto and blockchain efforts, developing a proprietary Ethereum layer-2 network modeled on Arbitrum to support tokenized assets. CEO Vlad Tenev called the firm’s controversial stock token rollout a “big milestone,” with plans to scale the offering globally.

MARA CEO Warns Bitcoin Treasury Boom Could Trigger Selloffs, Says Firms Risk Chasing Top of Market

Fred Thiel, CEO of MARA Holdings—the largest publicly traded Bitcoin mining firm—cautioned on Tuesday that the surge in Bitcoin treasury companies could harm investors and put downside pressure on BTC’s price. Speaking during the company’s Q2 earnings call, Thiel said the crowded rush to emulate Strategy’s BTC reserve model may backfire, as not all companies will succeed and some could be forced to liquidate holdings if market conditions shift.

Over 200 firms have now adopted crypto reserve strategies, with cumulative holdings nearing 774,000 BTC. Thiel highlighted the risks of mNAV compression, referencing the downfall of Grayscale’s GBTC product, and warned that many treasury firms resemble the ICO craze of 2017—too much hype, risking systemic volatility.

While reaffirming MARA’s position as a top BTC holder, Thiel emphasized the distinction that most of MARA’s holdings were mined, not bought. The firm recently raised over $940 million to expand its BTC reserves. Despite reporting record EBITDA and revenue, MARA’s stock was up just 2.95% in Wednesday trading. Thiel suggested whales are selling into market highs and warned that a 20%–30% BTC correction remains likely.