JPMorgan will allow crypto purchases with Coinbase. Coinbase premium on bitcoin turns lower after Fed meeting. Crypto working group calls for regulatory clarity, and Indonesia hikes crypto tax sales. Jane King with the latest from the NYSE.
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Thanks, Rey.
Here's a look at your Coin Street headlines.
Coinbase and JPMorgan Chase will partner to bring crypto purchases, staple coin rewards, and direct bank integration to Chase customers.
Chase credit card holders can use their cards to buy crypto on Coinbase starting this fall.
In addition, Coinbase said JPMorgan Chase's customers will also be able to redeem their Chase Ultimate rewards points for USDC in 2026.
Coinbase also said Chase card users.
Link their accounts to Coinbase directly.
Well, the Coinbase premium index has turned negative for the first time since May 29th, ending 62 days of being positive.
This market shift comes after an even longer 94 day run of sustained positive premium gap, marking Bitcoin's strongest institutional demand period on record.
While the flip may hint at fading appetite from US buyers, broader market signals suggest a more nuanced setup is forming.
The House's digital asset task force is calling on regulators to clarify crypto trading rules and accelerate innovation as a major crypto bill becomes law and two more head to the Senate.
President Donald Trump's crypto working group has reportedly urged federal regulators to clarify trading rules for digital assets as part of a broader effort to ease the adoption of new financial products, highlighting the White House's increasing focus on the blockchain economy following the passage of 3 separate crypto.
Earlier this month, the Indonesian government updated its tax policies for the crypto industry, raising levies on traders and miners while removing value added tax obligations for buyers.
The new taxes are significantly higher for crypto sales made on foreign crypto exchanges.
While increasing the taxes for crypto miners and sellers, the ministry has exempted some of the crypto transactions from the VAT, and that is the latest coin Street headlines.