Bitcoin exchange-traded funds (ETFs) recorded $412 million in net inflows amid escalating tensions between Iran and Israel, reflecting growing investor interest in crypto as a geopolitical hedge. The influx marks one of the highest daily totals in recent months for U.S.-listed spot Bitcoin ETFs.

BlackRock’s iShares Bitcoin Trust led the surge with $290 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund, which brought in $99 million. The spike in demand underscores Bitcoin’s emerging role as a safe-haven asset during times of global uncertainty.

The renewed interest comes as Bitcoin prices hover around the $64,000 mark, showing resilience despite market volatility. Analysts suggest investors may be turning to digital assets for portfolio protection amid rising concerns over conflict and macroeconomic instability.

While Bitcoin has traditionally been viewed as a high-risk asset, its performance during recent global tensions suggests a shift in perception. As institutional interest grows, ETFs continue to play a pivotal role in making the asset more accessible to traditional investors.

Coinbase is under fire after sponsoring a political event where former U.S. President Donald Trump spoke at a campaign rally coinciding with a military parade. Critics argue the crypto exchange’s involvement appears to align it with a partisan agenda, raising concerns over political neutrality.

The event, held near West Palm Beach, Florida, featured Trump addressing supporters, with military vehicles and aircraft on display. Coinbase’s sponsorship was highlighted in promotional materials, drawing immediate backlash from various industry and political observers who questioned the appropriateness of the partnership.

Some in the crypto community expressed discomfort with the optics of the exchange participating in a campaign-style event, especially one showcasing military elements. Others defended the move, suggesting it was part of Coinbase’s broader push to support pro-crypto policymakers regardless of party affiliation.

The controversy highlights the growing intersection between digital asset firms and U.S. politics as regulatory scrutiny intensifies. While Coinbase has not officially commented on the sponsorship’s political implications, the backlash underscores the fine line companies walk when engaging with political events.

JPMorgan has filed a trademark application for “JPMD,” indicating the banking giant may be preparing to launch digital asset-based payment services. The filing suggests that JPMorgan is exploring new offerings in the crypto space, potentially including blockchain-powered transactions and digital wallet integration.

The trademark application, submitted to the U.S. Patent and Trademark Office, outlines a range of services tied to digital finance. These include electronic transfer of virtual currencies, financial clearing and settlement services, and software for processing crypto payments.

While the bank has not made an official announcement, the move aligns with JPMorgan’s broader interest in blockchain technology. The company has previously developed its own token, JPM Coin, and built blockchain infrastructure for institutional use through its Onyx platform.

This latest filing reinforces the bank’s position as a traditional financial institution actively bridging into the crypto ecosystem. If launched, JPMD could mark another step in the mainstream adoption of blockchain-based financial services.