Why jpmorgan Is Trending Today?

JPMorgan, a major banking institution, has sparked concerns about crypto debanking by closing the accounts of Strike CEO Jack Mallers. This move comes amidst a shake-up in the MSCI crypto index and has drawn criticism from prominent Bitcoin advocates such as Grant Cardone, Max Keiser, and Jack Mallers himself. Mallers, who is also the CEO of Twenty One Capital, revealed that he received a letter from JPMorgan Chase citing BSA compliance issues as the reason for the account closure. The incident has led to a growing dispute and backlash, with Mallers publicly discussing the matter, including his views on online sentiment versus reality in relation to JP Morgan.

JP Morgan initiates Circle with an 'Underweight' rating due to rich valuation, and maintains Tesla's 'Underweight' rating citing delivery concerns, setting a $80 price target for Circle.