JP Morgan Launches Its Tokenized Collateral Network, Circle and Coins.ph Partner in the Philippines

U.S. equity indices are relatively flat today after shaking off hotter-than-expected PPI data (2.2% YoY actual vs. 1.6% expected), with the SPY declining 0.07% and the QQQ rising 0.23%. BTC (-2.72%) is on pace for its fourth consecutive negative day, falling to $26.7k. ETH is experiencing less of a decline, falling 0.76% to trade at $1,555. Immutable (IMX), a blockchain gaming platform, has announced a partnership with Amazon Web Services (AWS) to make it easier for Web3 developers to build and scale their games. Additionally, Immutable joined AWS’s accelerator program, which will qualify its developers to leverage AWS resources and access up to $100k in AWS cloud credits. Despite the announcement, IMX has fallen over 3% over the past 24 hours.