JAMIE DIMON JUST ANNOUNCED MAJOR XRP BUYS LIVE ON AIR?!?! (BOOOOOM!)

Added: 2026-06-04

[00:00:00]Some headlines though, Diamond reiterating his view that the firm is {quote} over earning in the current environment. And when he was asked about inorganic growth, he didn't dismiss the idea of doing a mega deal saying {quote} looking at acquisitions is important.

[00:00:15]>> I do think there might be opportunities.

[00:00:17]And so we are on the lookout, but it's got to make sense. You know, it can't be just a sky and you know, pie in the sky type of thing. It's got to make sense, you know, organically, you know, that we can integrate it, that we can the cultural to get it, you know, the right way that it, you know, it adds enhances our business. And it's not like some separate stand alone thing that I have to pray we don't screw up. So, could we have great businesses and we want to continue to build them. But I do think there might be in the next couple of years a chance to put 10 or 20 billion dollars to work buying something. And when we do that, we'll explain to you why we think it's a great purchase.

[00:00:49]>> 10 or 20 billion dollars there, guys.

[00:00:51]Diamond also shared some guidance for the second quarter. He said the markets business could be a little better than estimates, which he said shows gains of 11% for investment banking. He said it could be slightly higher than consensus as well, which is at 10%, but you see there the chart down 3%. Diamond also noting expenses would be slightly higher than prior guidance up to 106 billion from 105 billion. He said that would be mostly driven though by better performance.

[00:01:17]>> That was Jamie Dimon, the CEO of JP Morgan Chase, speaking at the Bernstein Strategic Decisions Conference on May 27th, just a couple of days ago. And he said there might be in the next couple of years a chance to put 10 or 20 billion to work buying something. The largest bank in America just announced it has 20 billion dollars burning a hole in its pocket, and it wants to buy something in payments. And on the same day, the same day, Brad Garlinghouse hinted that Ripple may restart its acquisition strategy in the second half of this year. JP Morgan on one side, Ripple on the other, both hunting, both in payments, both eyeing the same landscape of targets. The acquisition war has started and the winner, they don't just get a company. They get the infrastructure position that defines who controls the new financial system.

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[00:03:12]Folks, today I'm going to break down exactly what's on that shopping list and why every acquisition in this war, why it has a direct impact on XRP.

[00:03:23]Let's kick it off with this article. I need a full context here of what that beautiful man on your screen, Jamie Dimon, said because that 20 billion headline, that's the attention grabber, right? But the details are what matters.

[00:03:37]Now, Jamie Dimon identified three categories that he would consider acquiring: international expansion, payment assets, uh payment and asset management. He emphasized payment specifically saying that JP Morgan needs to bulk up because new payment rails, new technology, and new competitors are trying to disrupt their dominant position. Now, here's the detail that most of the financial media missed. In his April shareholder letter, just like a month ago, 2 months ago, April April of this year, Diamond acknowledged for the first time that blockchain technologies in payments, tokenization, and smart contracts that they represent a genuine competitive threat to your traditional banking. This is a notable evolution from a CEO who once called Bitcoin a fraud. JP Morgan, as you know, they already got their own system formally on Onyx, and it's now called Kinksus, Kinks, however you pronounce it. That's their own blockchain platform. They got JP Morgan Coin for programmable institutional payments.

[00:04:46]They processed live treasury settlements on the XRP ledger with Mastercard, Ando Finance, and Ripple Prime. So, here's the real question. If JP Morgan is spending $20 to, you know, bulk up its payments, folks, and they're already running blockchain infrastructure, what are they actually buying? The targets that make strategic sense here, in my my personal opinion, Coinbase, roughly 45 billion, probably too expensive even for Jamie Dimon. Circle, the issuer of USDC, currently valued near about 30 billion, and a dark horse that nobody is discussing enough, Kraken, valued at $20, which just did something that no crypto company has ever done before. On March 4th, the Federal Reserve Bank of Kansas City, they approved something that's never happened before in history. I'm going to play this clip. Listen very closely.

[00:05:42]>> Kraken Financial just made banking history. It's time for Kraken in 60. A historic milestone, Kraken Financial, our Wyoming chartered bank, has been granted a Federal Reserve master account. It enables big things, like more efficient fiat movement for institutional clients, while reducing complexity and operational dependencies.

[00:06:05]X-Stocks is launching X-Change, a new on-chain trading engine designed for the exchange of tokenized equities across Ethereum and Solana without intermediaries. Our head of institutional, Gurpreet Oberoi, was interviewed at the New York Stock Exchange this week, where he discussed Kraken's positioning as infrastructure for the future of finance and institutional partnerships, like our OTC desk integration with Ice Chat. US stocks and ETFs are now live on Kraken desktop. This gives users access to 11,000-plus US equities commission-free. This has been Kraken in 60.

[00:06:45]>> So, let me explain what a Federal Reserve master account actually is, because this is probably one of the most misunderstood developments of 2026.

[00:06:55]Now, a master account, it gives indirect access to Fedwire. That's the Federal Reserve's real-time gross settlement system. Processes trillions of dollars in interbank transfers every single day.

[00:07:08]Until March 4th, every crypto firm in history, they had a route dollar payments through a partner bank. Well, Kraken is now the first crypto company that can settle US dollar transactions directly on the same rails as JP Morgan, City, and Bank of America. Now, Senator Cynthia Lummis, everyone's favorite senator, she called it a watershed milestone in the history of digital assets. The first crypto firm on southern financial rails. Now, here's the thing, think about it. What happens if Ripple acquires Kraken? Ripple would instantly inherit a Federal Reserve master account. They would get direct FedWire access. A $20 billion valued exchange with XRP trading infrastructure. They would have an IPO ready company with institutional and retail reach. And Kraken's X stock platform, tokenize securities, which would be accessible to retail globally.

[00:08:07]This wouldn't just be an exchange acquisition. This is direct access to the Federal Reserve's payment infrastructure. Something that Ripple has been working towards for over a decade through every partnership, every patent, and every working group. Which moves us to this. Cuz let's talk about Ripple's side of this war that's going on. Because the timing of Garlinghouse's statement is not a coincidence. In February, remember, Brad Garlinghouse, he said this will be more of an integration year. Talking about this entire year. He says, "You shouldn't expect any other major acquisitions in the near future. However, you should never say never. We may start looking at acquisitions more eagerly again in the second half of this year." Well, the second half of 2026, it starts in what?

[00:08:59]32 days? And Ripple's war chest, it's pretty freaking big. Remember, the company raised $200 million at 11.3 valuation back in 2024. They got ongoing XRP escrow releases up to 1 billion XRP per month. And at current prices, representing hundreds of millions in a potential deployment capital. And they already proven they can do big deals.

[00:09:23]Hidden Road, 1.25. DLT Treasury, hundreds of millions. So, what is Ripple likely shopping for? That's the question now, isn't it? Two targets that make sense. I want to walk you through both of them because two completely different angles, okay? One's a power move and one one's a bargain. So, we got I mean, one's here, one's here, right? Power move or bargain, what do you go for?

[00:09:45]Target one, Kraken. Kraken and specifically Kraken's X stock platform.

[00:09:50]That's right. Let me explain to you why here. X stocks, this is Kraken's tokenized securities products. It allows users to hold and trade tokenized versions of real stocks, Apple, Tesla, Nvidia, SPY, you name it, directly on blockchain rails. No brokerage account needed, no T+1 settlement, it's instant 24/7 global access. And it's already available to users in dozens of countries that previously had no access to the US equities markets. Now, this is valued at about 20 billion, which is exactly in the range of what Jamie Dimon flagged for JP Morgan's acquisition budget, isn't it? Now, think about what it would mean. Ripple, Kraken, X stocks.

[00:10:32]Think about what that would mean for the DTCC going live in July. The DTCC is tokenizing Russell 1000 stocks. Ripple Prime is in the DTCC's working group.

[00:10:43]Kraken already has a Federal Reserve master account and a retail-facing tokenized stock platform. If Ripple acquires Kraken, they control the institutional settlement layer. Ripple Prime inside DTCC. The retail access layer, which would be Kraken's X stocks and its 10 million users, and the Federal Reserve's payment rails, which is Kraken's master account. That is the complete stack from retail to institution, from Fed rails to blockchain settlement. And it is all under one roof. And the company that owns that stack, when the DTCC goes live in October, it is positioned to be exactly what Garlinghouse said years ago Ripple would become. Not Amazon bucks, but if Kraken is the power move, Paxos, remember we did the video on this? This is the surgical strike. Paxos just received SEC approval as the first blockchain native clearing agency in US history. We covered this earlier this week, but here is what makes Paxos an extraordinary acquisition target specifically for Ripple. Paxos issues PayPal USD PYUSD. This is one of the fastest growing stablecoins in the market. They issue Paxos gold, a leading tokenized gold product. They issue USDG, which is Robinhood's stablecoin, and they are the custodian behind Binance USD. Now add Paxos just became a registered clearing agency, that puts them inside the same regulatory tier as the DTCCs themselves.

[00:12:24]Current valuation two and a half to three billion. Now that is an extraordinary bargain for what they now possess. If Ripple does acquire Paxos, they add clear clearing agency registration to the NSCC and NFICC credentials. They add PayPal stablecoin portfolio alongside RLPUSD.

[00:12:46]They add tokenized gold to their product suite, and they acquire the infrastructure that Paxos has spent seven year building towards for this exact regulatory moment. Now for Ripple a three billion dollar acquisition that would deliver a clearing agency status, a stablecoin portfolio, tokenized commodity exposure all in one deal. That is 10 times the strategic strategic value dollar spent compared to if they bought Circle for 30 billion. Think about that. And before I close, I want to take you back to this clip. This is Brad Garlinghouse. Let me talk about the history between Brad and Jamie Dimon, because this is a very important piece of context for this acquisition war that is slowly developing. Listen.

[00:13:34]>> JP Morgan coin made headlines in the fintech space a number of weeks ago. Is that similar to traditional cryptocurrency? Because to me it doesn't sound like a decentralized product even though cryptocurrency promotes decentralization. So what are the differences with what we traditionally consider crypto?

[00:13:51]>> Well, let me start by saying I think it's great for the blockchain and crypto industry to have players like JPM leaning in. Thumbs up. That's great.

[00:13:59]That's the only nice thing I'm going to say about this. Okay. So I got asked this last week. I was speaking at a Morgan Stanley conference and somebody asked me, you know, there was this headline instead of headlines about, you know, about the JPM coin. And I this guy was from Morgan Stanley who was interviewing me. I said, "So is Morgan Stanley going to use the JPM coin?" And he's like, "Well, probably not." You know, and so will City going to use the JPM coin? Is B of A going to use the JPM coin? Is PNC? And the answer is no. And so does that mean we're all going to have these different coins? So does that mean like we're back to where we are where there's lack of interoperability?

[00:14:28]So like what I don't get it. One more quick thing on JPM coin. So let's think about this. The JPM coin they announced for institutional customers, if you give them a dollar in deposits, they'll give you a JPM coin that you then can move within the JPM ledger. Wait a minute.

[00:14:43]Just use the dollar.

[00:14:44]>> Right.

[00:14:45]>> Well, I don't I I really don't understand. And like if you're just moving it within the JPM ledger and it has to be dollar to dollar, you know, a one-to-one backing, it honestly doesn't actually I don't understand what problem that solves. Now, back to my first answer. Look, if it solves the problem of JPM being associated as they're leaning into crypto, yay. That's all I got.

[00:15:04]>> Right. And and understood. And I I and I think that's confusion. Not only do Well, you have Look, if this doesn't work out, you could be a comedian. So that's always a good thing if this if blockchain doesn't work out. But I I think that's really what the issue is even for the broader audience that does understand the technicalities like we do.

[00:15:19]>> Remember, this is right where we are years ago, skeleton.

[00:15:23]>> And he was right about JP Morgan's coin limitations, now wasn't he? JP Morgan coin now called Kingx's, it works within JP Morgan's own network. It doesn't solve interoperability between banks. It doesn't work for cross-border settlement between different institutions. It is a walled garden, where XRP is the complete opposite. It's a neutral bridge, it's bank agnostic, it's currency agnostic, and it's designed to connect those walled gardens, including JP Morgan's, to a common settlement layer. Now folks, here is a quick summary why this matters. Jamie Dimon announces 20 billion for a payment acquisition on May 27th. Brad Garlinghouse says Ripple's going to restart its acquisitions in the second half of this year, which begins in approximately 32 days. Kraken has a Federal Reserve master account, the most valuable piece of the infrastructure in crypto right now. Paxos just became a registered clearing agency, and they're only valued at 3 billion dollars. These are not rumors. These are documented on record statements and regulatory approvals all landing in the same week.

[00:16:31]So the question isn't whether consolidation is coming to the payment infrastructure space, it's who's going to win? JP Morgan with 20 billion dollars and a walled garden, or Ripple with a decade of institutional relationship, DTCC access, and an architecture built for interoperability from day one, and the asset that runs through every piece of Ripple's infrastructure that gets used by every settlement, every vault, every on-demand liquidity transaction, and every AMM pool? It's XRP. I know who I'm betting on, team Ripple, team XRP. As always, none of this is financial advice. Hit that like button and subscribe. I'll see all y'all.