Monat: Juli 2025

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Coinbase and JPMorgan Chase partner for crypto integration

  • JPMorgan Chase cards can be used for crypto purchases on Coinbase this fall.
  • Chase rewards points will be redeemable for USDC starting in 2026.
  • JPMorgan Chase accounts to link directly with Coinbase for easy transfers.

In a landmark move signalling the deepening ties between traditional finance and digital assets, Coinbase and JPMorgan Chase have announced a strategic partnership aimed at making crypto more accessible to millions of Americans.

This collaboration brings together the largest US bank and one of the most influential cryptocurrency exchanges, introducing a range of new features set to roll out starting this fall and continuing into 2026.

The alliance marks a significant step forward in mainstream crypto adoption, with both companies emphasising the need to lower entry barriers and provide seamless pathways for everyday consumers to enter the crypto economy.

Crypto purchases using Chase credit cards

As part of the agreement, Chase credit card holders will be able to use their cards to purchase cryptocurrencies directly on Coinbase beginning in fall 2025.

This integration allows customers to fund their Coinbase accounts with their Chase cards, providing a new layer of convenience for users looking to enter the crypto space without relying solely on traditional bank transfers.

However, Coinbase has noted that such purchases may be subject to Chase’s standard cash advance terms and conditions.

Despite that, the move represents a critical step in normalising crypto spending through familiar financial tools.

It also highlights how traditional credit infrastructure is increasingly being adapted to support digital asset transactions.

JPMorgan Chase rewards points will become redeemable for USDC

Starting in 2026, Chase Ultimate Rewards Points will become redeemable for USDC, a popular stablecoin pegged to the US dollar.

This will be the first time a major credit card rewards program offers redemption in the form of digital currency.

According to Coinbase, this innovation will take place on Base, the exchange’s Layer 2 blockchain network.

This is designed to give Chase’s 80 million-plus customers a more direct way to experience and participate in the crypto economy.

By turning loyalty points into digital assets, JPMorgan and Coinbase are bridging a critical gap between everyday finance and blockchain technology.

For users, this means they can begin exploring stablecoins without spending out-of-pocket cash, further easing their entry into the world of crypto.

Chase customers will enjoy seamless Coinbase access

In addition to purchases and rewards, a third major feature is coming in 2026 — a direct integration between Chase bank accounts and Coinbase.

This functionality will allow customers to link their accounts directly to the exchange, simplifying the process of transferring funds for crypto purchases.

Coinbase says this will offer a faster, more efficient user experience compared to existing banking integrations.

The upcoming feature signals a growing recognition within traditional finance that consumers want faster, easier ways to manage digital and fiat assets in a single ecosystem.

Notably, JPMorgan’s willingness to offer this kind of access further cements its pivot toward embracing crypto infrastructure.

The post Coinbase and JPMorgan Chase partner for crypto integration appeared first on CoinJournal.

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Hyperliquid plans automated refunds for users affected by API outage

  • Hyperliquid API outage halted trading for over 30 minutes.
  • Frontend crash revealed DeFi’s centralised weak points.
  • Automated refunds planned for affected users.

Hyperliquid, a fast-growing decentralised exchange built on its own Layer 1 blockchain, has announced it will compensate users affected by a sudden API outage that disrupted trading activity on Tuesday.

The API outage, which occurred on July 29 between 14:10 and 14:47 UTC, left users unable to close positions, execute trades, or withdraw funds through standard interfaces.

Although the backend of the protocol, including the Hyperliquid DEX, consensus mechanism, and HyperEVM, remained operational, the frontend’s failure highlighted a critical vulnerability in many DeFi systems: their reliance on centralised infrastructure for user access.

The Hyperliquid API crash that froze trading for over 30 minutes

The disruption began shortly after 14:10 UTC, when users started reporting significant delays and errors during trade execution.

By 14:20, the exchange’s front end had effectively frozen, preventing any interaction with the protocol through the mobile app or website.

Hyperliquid later confirmed, in its status page, that the root cause was a massive spike in API traffic, not a hack or security exploit.

The surge overwhelmed the centralised servers responsible for relaying information between the frontend and the decentralised backend.

Despite the DEX continuing to produce blocks and confirm transactions, users saw error messages and were unable to take any action.

This mismatch between what was happening on-chain and what users could see or do through the interface caused widespread confusion.

It also led to price divergences as open positions went unmanaged during volatile moments.

Refunds will be automated, no tickets needed

In response, Hyperliquid has pledged to issue refunds to users who were adversely affected during the outage.

The team announced on both Telegram and Discord that the refunds would be determined through an automated process.

“Refunds will be determined in an automated fashion; impacted users do not need to open a ticket at this time,” the Hyperliquid team stated. They also mentioned that a follow-up update detailing the refund methodology would be shared in the coming days.

This move aims to restore user confidence and ensure fair treatment for those who experienced slippage or losses due to the outage.

Hyperliquid emphasised that only users who encountered execution issues during the specified downtime would be eligible.

Market reaction and user sentiment

Following the outage, the platform’s native token, HYPE, dropped nearly 5%, falling from $45 to a low of $42.43.

It has, however, recovered slightly to $44.87.

The decline in token value underscores the market’s sensitivity to operational disruptions, especially those that affect user access and trust.

While Hyperliquid’s quick response and commitment to refunds may ease some concerns, the event has added to growing scrutiny around DeFi platforms’ dependence on centralised frontend components.

The post Hyperliquid plans automated refunds for users affected by API outage appeared first on CoinJournal.

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Wyoming Senator pushes bill to allow crypto in mortgage

  • Senator Lummis has introduced a bill to include crypto in mortgage approvals.
  • The bill targets young buyers and aligns with FHFA’s recent crypto directive.
  • Critics cite crypto’s volatility as a mortgage default risk.

US Senator Cynthia Lummis of Wyoming has proposed legislation that, if passed, would require housing finance agencies to consider digital assets in evaluating mortgage loan applications.

The bill has sparked debate on Capitol Hill, with supporters viewing it as a step toward financial modernisation and critics warning of potential risks.

Bill tied to recent Federal Housing directive

The proposed legislation, known as the 21st Century Mortgage Act, aims to codify a recent order issued by the Federal Housing Finance Agency (FHFA).

That order directed Fannie Mae and Freddie Mac, two key mortgage purchasers in the US, to factor in cryptocurrencies as part of asset evaluations for single-family mortgage loans.

Senator Lummis announced the bill shortly after the FHFA directive, stating that congressional action was needed to ensure the order becomes permanent law.

According to the senator, the bill reflects a modern approach to wealth-building, especially for younger Americans who are more likely to own digital assets than traditional property or savings.

Targeting the younger generation of buyers

Citing US Census Bureau data, Lummis noted that homeownership among Americans under 35 stood at just 36% in the first quarter of 2025.

For many in this demographic, crypto represents a significant portion of their net worth.

Therefore, the bill seeks to address a growing need to consider all forms of personal wealth — not just fiat or traditional assets — during the mortgage approval process.

The bill would allow borrowers to retain their cryptocurrency holdings without being forced to liquidate them into US dollars for mortgage consideration.

This approach, Lummis argues, keeps pace with how wealth is evolving and acknowledges the financial reality of modern young adults.

Pushback from Democratic lawmakers

Despite its potential to expand financial inclusion, the bill has faced early resistance.

Several Senate Democrats have expressed concern over the FHFA order, and by extension, the proposed legislation.

In a letter sent to FHFA Director William Pulte on July 24, they urged the agency to fully evaluate the risks and benefits of integrating crypto into mortgage evaluations.

According to the letter, a borrower who relies on volatile digital assets may struggle to convert those holdings into cash during a downturn.

That, in turn, could raise the risk of mortgage default, which would impact not only the individual borrower but also the broader financial system.

Broader crypto legislation on the horizon

The 21st Century Mortgage Act is just one of several crypto-related bills making their way through Congress.

Senator Lummis is also spearheading a separate effort to establish a comprehensive framework for digital asset markets.

Meanwhile, the Senate is reviewing another bill that would ban the Federal Reserve from launching a central bank digital currency (CBDC), following its approval in the House earlier this month.

On the House side, a similar bill has already been introduced by Representative Nancy Mace.

Known as the American Homeowner Crypto Modernisation Act, Mace’s bill would mandate mortgage lenders to consider the value of digital assets held in brokerage accounts linked to crypto exchanges during the credit evaluation process.

The post Wyoming Senator pushes bill to allow crypto in mortgage appeared first on CoinJournal.