“A whole new set of competitors is emerging based on blockchain," said Dimon in his annual letter to shareholders. 

The crypto industry faces growing cybersecurity risks as AI tools lower the cost and skill needed to exploit software flaws, with over $1.4 billion in assets stolen last year. 

The company now holds 3.98% of all ether in circulation, has staked $7.1 billion of it, and says it is generating $196 million in annualized staking revenue. 

Avalanche (AVAX), up 5.5% since Friday, joined NEAR Protocol (NEAR) as a top performer. 

The win landed the same week listed miners Riot, MARA, and Genius Group disclosed selling more than 19,000 BTC from their treasuries.