JPMorgan forecasts $50B in crypto inflows this year

What happened: Scott Melker discussed JPMorgan Chase (JPM) forecasting $50 billion in crypto inflows this year, ahead of the fourth quarter. A bitcoin (BTC-USD) life insurer is raising $37.5 million, and Ledger is investigating a reported $86 million theft from users across blockchains. Key numbers: $50 billion crypto inflows forecast by JPMorgan; $37.5 million raise by a bitcoin life insurer; Why it matters: The JPMorgan forecast points to expected institutional crypto inflows ahead of the fourth quarter, while the Ledger theft investigation highlights security concerns across blockchains. Market: -0.1% by next close ($82,344.78 on Oct 12), -8.0% YTD

Scott Melker discussed JPMorgan Chase (JPM) forecasting $50 billion in crypto inflows this year, ahead of the fourth quarter. A bitcoin (BTC-USD) life insurer is raising $37.5 million, and Ledger is investigating a reported $86 million theft from users across blockchains.

The JPMorgan forecast points to expected institutional crypto inflows ahead of the fourth quarter, while the Ledger theft investigation highlights security concerns across blockchains. Market: -0.1% by next close ($82,344.78 on Oct 12), -8.0% YTD