JPMorgan’s foray into crypto-backed loans and fintech initiatives is sparking both innovation and controversy, with the bank’s data access fees raising concerns about stifling competition and increasing costs for consumers.

JPMorgan Chase is actively engaging with regulators and embracing blockchain technology, launching its JPMD token on Coinbase’s Base blockchain and collaborating with the platform to integrate traditional financial instruments with digital finance.

JPMorgan Chase has filed a trademark for a digital currency named JPMD, sparking speculation that the bank may be entering the stablecoin market.

U.S.-listed Bitcoin miners have surged to a record high in their share of the global network hashrate, accounting for approximately 31.5% of the global Bitcoin network.