According to CoinDesk, on May 7 at Consensus, Eric Trump said JPMorgan Chase is now allowing customers to use Bitcoin holdings as collateral for home loans, reversing its position from 18 months ago when it called BTC a “joke asset.” Trump, co-founder of American Bitcoin, noted that Bank of America and Charles Schwab are also embracing Bitcoin. American Bitcoin operates mining at a cost of 50 cents per Bitcoin and aims to become the lowest-cost Bitcoin acquirer in the industry.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
American Bitcoin Q1 financial report: Bitcoin reserves rise to 7,021, with a net loss of $82 million
According to reports by Bloomberg and Reuters on May 7, American Bitcoin Corp. (ABTC), a Bitcoin mining company supported by the Trump family, released its first-quarter 2026 financial results, posting a net loss of $82 million, widening from a $59 million loss in the fourth quarter of 2025; its mining output for the quarter was 817 BTC, and as of March 31 total Bitcoin holdings rose to 7,021 BTC.
MarketWhisper18m ago
Project Eleven Warning: 6.90 million BTC face a quantum threat, with Q-Day earliest in 2030
In the post-quantum security space, the startup Project Eleven published a report on May 6, warning that the earliest possible arrival of the quantum computers surpassing the critical point of modern cryptography (Q-Day) may be as early as 2030, with a probability exceeding 50% for occurrence by 2033. The report also estimates that, under certain conditions, around 6.9 million bitcoins face potential quantum attack risk, and it calls on the cryptocurrency ecosystem to accelerate the anti-quantum migration process.
MarketWhisper22m ago
Grant Cardone Adds $100M Bitcoin to Balance Sheet Alongside Real Estate at Consensus
According to CoinDesk, real estate investor Grant Cardone announced on May 7 at the Consensus conference that his firm added $100 million in Bitcoin to its balance sheet as part of a $235 million real estate acquisition. The purchase builds on an earlier Bitcoin investment made earlier in 2025,
GateNews1h ago
Project Eleven Warns Q-Day Could Arrive as Early as 2030
Project Eleven published a report on Wednesday proposing that the inflection point of quantum computers breaking modern encryption, often referred to as "Q-Day," could come as early as 2030, with a breakthrough described as "more likely than not" by 2033. The startup, focused on post-quantum securit
CryptoFrontier1h ago
Whale "bc1qz" Withdraws Another 283 BTC Worth $22.94M from CEX
Gate News message, Whale "bc1qz" has withdrawn another 283 BTC valued at $22.94 million from a centralized exchange. The wallet now holds a total of 1,283 BTC worth $104.37 million. The wallet address is bc1qzhwazyya7493f5stdw7h7ntqxq0ajshz3ywxvh.
GateNews1h ago
BTC falls below 81,000 USDT
Gate News bot message: Gate Market shows BTC falling below 81,000 USDT; current price is 80,996 USDT.
CryptoRadar2h ago
