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Ethereum tapped $4,000 and looks ready for the final rally of the year ahead of a 2026 downturn — if this analyst is to be believed.

JPMorgan will launch cryptocurrency collateral and accept BTC and ETH in a remarkable turnaround from Jamie Dimon’s words that Bitcoin is a ‘pet rock’.

Plus, check out Benzinga Pro ahead of Big Tech earnings and get instant alerts on price spikes, unusual options, blocks, halts and opening gaps — free for 14 days.

TOP STORY

Ethereum Taps $4,000 As Analyst Predicts 'Final Rally' Ahead Of 2026 Downturn

Ethereum is trading around $4,000 as analyst Benjamin Cowen expects a final push toward new all-time highs before a potential 2026 market downturn.

In his latest podcast, Cowen explained that Ethereum’s current price action is in "a dubious speculation phase," aligning with his cycle framework: ETH forms a macro higher low, trends toward its lower regression band then recovers.

He cited that April 2025 marked a key pivot, with ETH catching up after the tight-money phase of higher rates and quantitative tightening.

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin are rebounding on Friday as the first inflation data in weeks hits the markets: here’s what’s driving the market today.

Marjorie Taylor Green has been buying Bitcoin ETFs, but not just that. Here’s her crypto shopping list.

Maxine Waters isn’t impressed by Donald Trump’s pardon of Binance founder Changpeng Zhao: it’s another step in a ‘presidency built on corruption.’

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FINTECH FOCUS

'Pet Rock' No More: JPMorgan To Accept Bitcoin, Ethereum As Collateral

JPMorgan Chase & Co. will allow institutional clients to use Bitcoin and Ethereum as collateral for loans, marking a major shift in how Wall Street’s largest bank integrates digital assets into its core lending operations, according to Bloomberg.

The program, set to launch by year-end, will let clients pledge Bitcoin and Ethereum for secured loans. 

A third-party custodian will safeguard the pledged tokens to ensure risk compliance.

The move expands JPMorgan’s earlier initiative that accepted crypto-linked ETFs as loan collateral. 

Read the full scoop here.

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