Coinbase has completed the distribution of Flare (FLR) token airdrop to eligible XRP users. Over 601 million FLR tokens have been distributed to Coinbase users based on their XRP balance, which includes Coinbase Exchange and Coinbase Pro accounts, on December 12, 2020. A simple calculation made by Neil Hartner, a senior staff software engineer at Ripple, reveals that over 4 billion XRP were held on Coinbase platforms at the time of the snapshot. At the time, it amounted to 8.8% of total circulating XRP, indicating that the impact of Coinbase delisting XRP in January 2021 was significant. Currently, XRP trading remains suspended on Coinbase until the SEC lawsuit against Ripple gains further regulatory clarity. Flare Network, which has a close relationship with XRP, has been demanding XRP’s relisting on Coinbase, as it listed the FLR token. Coinbase will support FLR on the Flare Network, and users will make deposits to their wallets via the network. Trading for FLR will begin once the exchange confirms viable liquidity.

Bank of America Stadium in uptown Charlotte will host doubleheader matches for the 2023 Concacaf Gold Cup, according to the Confederation of North, Central America and Caribbean Associated Football (Concacaf). Charlotte will be one of the 14 host cities across the United States welcoming the national teams participating in the event. The stadium also hosted matches in 2011, 2015, and 2019, and it will be featuring natural grass instead of turf. Charlotte FC president Joe LaBue expressed excitement towards the region's leading competition and its representation of the city before the 2026 World Cup in a statement. Charlotte's selection follows its successful hosting of the event and the city's status as a "soccer city." The Concacaf Gold Cup is the governing body's premier tournament played among its national teams, and the final will take place on July 16 at SoFi Stadium in Los Angeles, the designated site. The 16-team draw will feature the reigning champions, the US, seeded with Mexico, Canada, and Costa Rica. Scheduling specifics are forthcoming after Friday's tournament draw.

JPMorgan Chase & Co. defied expectations, reporting a 52% increase in first-quarter profit and record revenue of $38.35 billion despite the recent crisis of confidence in the banking industry. The bank posted net income of $12.62 billion or $4.10 per share, surpassing analysts' estimates of $3.41 per share. JPMorgan has beaten earnings expectations for the past two quarters. Its net interest income margin increased 48% year-over-year. Although noninterest income was down 8% year-over-year, the Markets segment saw a 7% increase, offsetting the decline. During the first quarter of 2023, deposits at JPMorgan surged from December to the end of March. JPMorgan has a market capitalization of about $374.46 billion, compared to Goldman Sachs' market cap of $107.40 billion. Although Goldman Sachs trades at a cheaper price-book ratio, JPMorgan has an edge in terms of scale and diversification of financials. It has approximately $3.31 trillion in assets under management, with four main business segments: Consumer and Community Banking, Corporate and Investment Banking, Asset & Wealth Management and Commercial Banking.

JP Morgan recently initiated coverage of CCC Intelligent Solutions Holdings (NYSE:CCCS) with an overweight recommendation. The average one-year price target for CCCS is $12.01, representing an increase of 34.83% from its latest reported closing price of $8.91. However, some shareholders have not made any moves in the last quarter, including the Wells Fargo Factor Enhanced Large Cap Portfolio and the QCEQRX Equity Index Account Class R1, who hold 0.01% of the company's stock. Also, Hillhouse Capital Advisors holds 0.03% of the stock.

Furthermore, Fort Washington Investment Advisors recently acquired 1,284,380 CCCS shares for $11,174,000, and other hedge funds have recently altered their positions too. Point72 Asset Management increased its holdings in the company by 1.2%, while The Manufacturers Life Insurance Company raised its position by 17.3%, and Credit Suisse AG by 2.8%. Pearl River Capital LLC increased its holdings by 14.1%, and Quantbot Technologies LP by 252.1%.

Despite JP Morgan's endorsement, investors should weigh their options carefully before investing in CCCS.