JPMorgan to Offer Bitcoin Access

CRYPTO
JPMorgan to Offer Bitcoin Access

JPMorgan Chase will soon allow its clients to buy bitcoin, though the bank will not provide custody services for the asset, according to CEO Jamie Dimon. Speaking at JPMorgan’s annual Investor Day, Dimon maintained his long-held skepticism toward cryptocurrencies, stating he is still “not a fan” of bitcoin, largely due to its association with illicit activities like money laundering and sex trafficking. Despite this stance, the bank is expanding its involvement in blockchain-based projects.

JPMorgan’s Kinexys platform recently tested the settlement of tokenized U.S. Treasuries on a public blockchain, marking a notable development. Dimon was critical of the broader enthusiasm surrounding blockchain, claiming the technology has been overhyped and doesn’t hold the transformative power some expect. “We’ve been talking about blockchain for over a decade, and we spend too much on it,” he said. While Dimon downplayed its value, JPMorgan’s continued blockchain experiments suggest the bank sees potential in the technology.

Top investors are buying this “unlisted” stock

When the team that co-founded Zillow and grew it into a $16B real estate leader starts a new company, investors notice. That’s why top firms like SoftBank invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties – revamping a $1.3T market.

By handing keys to 2,000+ happy homeowners, Pacaso has already made $110m+ in gross profits.

Now, after 41% gross profit growth last year, they recently reserved the Nasdaq ticker PCSO. But the real opportunity is now, at the unlisted stage.

Until May 29, you can join Pacaso as an investor for just $2.80/share.

Invest before the window closes.

_{This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.}

TECH
Pichai: No Single AI Winner

Google CEO Sundar Pichai recently shared his thoughts on the AI landscape during an episode of the All-In podcast, saying there won’t be a single winner in the race. Instead, he sees a future where multiple tech giants—including OpenAI, xAI, Meta, and Microsoft—succeed in different ways. Pichai praised his competitors and noted that new players may emerge, just as Google did long after the internet began.

AI, he said, will likely become a bigger opportunity than any previous tech wave. While the public often views AI as a zero-sum game, Pichai believes this “entirely new world” will allow many to thrive. Google, for its part, is investing heavily—committing $75 billion in capital this year, largely for AI infrastructure. The company is also using its own AI tools internally to streamline operations. Pichai emphasized that building out AI systems is a long-term commitment and won’t yield results overnight.

ECONOMY
Treasury Yields Surge Past 5%

The 30-year U.S. Treasury yield briefly topped 5% on Monday, triggered by renewed concerns over America’s growing debt burden following a credit downgrade by Moody’s. The agency lowered the U.S. rating from AAA to Aa1, citing a persistent rise in government debt and interest payments. The bond market reacted sharply, with long-term bonds selling off and yields surging—echoing levels last seen after Donald Trump’s unexpected tariff announcement in April, which had previously rattled markets.

Adding to the pressure, House Republicans advanced a new tax-and-spending bill that includes extensions of Trump-era tax cuts, projected to significantly widen the deficit. While the bill also proposes spending reductions, analysts and Moody’s remain skeptical of its fiscal impact. Despite the downgrade, Wall Street firms like Bank of America downplayed the likelihood of forced selling. Still, market watchers warn that rising yields may pressure lawmakers to reconsider deficit-expanding plans if inflation rises or fiscal risks escalate further.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.