Crypto majors experienced a pump then fall before the FOMC meeting, with ETH leading the way with a 6% increase while BTC sat at $92,000. PNC Bank now allows Bitcoin spot trading for Private Bank clients. Senator Cory Booker warns that the Crypto Market Structure bill won’t pass without more Democratic representation. Meteora shares updates on its DLMM and teases a ‘New Meteora’ for 2026. ICOs had a huge day, with HumidiFi’s WET soaring 6x and other projects announcing significant ICOs.

JPMorgan analysts believe the recent crypto sell-off is a meaningful correction, not the start of a new bear market. They attribute the downturn to various short-term factors such as ETF outflows, liquidations, seasonal illiquidity, and soft macro environment. Despite the drop in prices, the bank remains optimistic about institutional interest, real-world adoption, and tokenization efforts in the crypto sector.

JPMorgan remains bullish on the crypto sector, emphasizing key factors like ETF inflows, tokenization initiatives, bank participation, and stablecoin growth. BlackRock is also bullish on stocks, especially AI, until 2026, further supporting the positive outlook. The only lingering bear case is the four-year cycle seasonality, but the overall macro view remains optimistic.

In the NFT world, leaders like Punks and Beeple’s ‘Regular Animals’ saw mixed performance, while projects like Ton’s NFT marketplace Fragment and Doodle’s Doopies mint made waves. The market remains dynamic and evolving, with various projects and platforms showcasing growth and innovation.

Read more at Yahoo Finance: JPMorgan Says No Crypto Winter