JPMorgan Expands JPM Coin to Ethereum Mainnet【MEXC Alpha Trader – Daily Market Brief (October 20, 2026)】

I. Macro and Market Sentiment

· Market data: BTC $81,707 (-0.83%)｜ETH $2,396 (-1.09%)｜SOL $104.73 (-0.12%)

· Market sentiment: Funding rate +0.0091%｜Fear & Greed Index 55 (Greed)

· Dollar liquidity: The U.S. Dollar Index broke above 102, rising 0.22% intraday, putting valuation pressure on dollar-denominated risk assets. Read more

· Tech risk appetite: Nasdaq 100 futures rose about 1%, with the AI sector rebounding, though data center credit risk remains a cross-market volatility driver. Read more

II. Trading Signals / Hot Topics

· [Today's Focus] ETH｜JPMorgan Connects to the Mainnet, Extending Institutional Settlement to Public Blockchains

· As a settlement layer for RWA and stablecoins, ETH will see JPM Coin expand to the Ethereum mainnet, providing institutions with around-the-clock fund transfers and receipts.

· Takeaway: Deposit tokens are moving from closed banking systems onto public blockchains, improving settlement efficiency while channeling institutional liquidity demand into on-chain settlement rails.

· Further reading: 1

· [Unusual Move] BTC｜Strive Adds More Than 10,000 BTC in Four Weeks, Expanding Treasury Capital Exposure

· As the market’s primary liquidity anchor, BTC saw Strive purchase a cumulative 10,463 BTC over the past 4 weeks, lifting its holdings to 36,818 BTC.

· Takeaway: Treasury companies use equity capital to take on spot exposure. The pace of Strive’s accumulation reflects institutional allocation demand, though the linkage between share prices and net asset value will heighten capital-structure sensitivity.

· Further reading: 1

· [On-Chain] Stablecoins｜Faster Payment Turnover Brings On-Chain Dollars Into a High-Frequency Usage Phase

· Stablecoin payment volume reached $482 billion in the first three quarters, up 45% year over year, while circulating market capitalization increased only 0.4% from the start of the year over the same period.

· Takeaway: Stable outstanding supply alongside rising payment volume indicates that growth is being driven by monetary velocity rather than supply expansion, with payment, clearing, and risk-control infrastructure seeing denser usage.

· Further reading: 1

III. Regulation and Major Events

· Mt. Gox｜The creditor repayment deadline has been extended to October 31, 2027, pushing back the potential timing of concentrated BTC distributions. Read more

· SlowMist｜Infrastructure for the DarkSword trojan attack has gone live, targeting iOS crypto wallet integration vulnerabilities with delivery and fund-collection capabilities. Read more

· ESMA｜9 crypto-asset service providers were added to the MiCA registration list, bringing the total number of registered CASPs to 375. Read more

IV. Platform-Exclusive Benefits

· Loss Compensation Campaign (Round 4) (Futures)

· Alpha Trader October Zero-Fee Task (Futures)

━━━━━━━━━━━━━━━━━━━━━━

Recommended Reading: MEXC On-Chain Daily Report: JPMorgan Expands JPM Coin to Ethereum Mainnet

DISCLAIMER - AI-GENERATED CONTENTS

This report is generated by an artificial intelligence (AI) system that automatically collects and synthesizes information from third-party public sources. It is provided on an "AS IS" basis for informational purposes only. We do not warrant that the report is accurate, complete, or error-free. AI may misinterpret data or omit critical information. AI may also generate factually incorrect or fabricated content, including false citations or conclusions. Treat this as a machine-generated product ONLY. The report relies on external sources over which we have no control. We do not verify their accuracy, and they may contain errors or misinformation.

THIS REPORT DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, LEGAL, OR TRADING ADVICE. Nothing herein recommends buying, selling, or holding any asset. All investments carry substantial risk, including loss of principal. Past performance does not guarantee future results. Consult licensed professionals before acting.

You are solely responsible for verifying all information and for all decisions made based on this report.