Visa has added support for PayPal’s PYUSD, Paxos-issued USDG, Circle’s EURC, along with the Stellar and Avalanche blockchains.
Ethereum treasury firms have bought 1.26 million ETH since June and could grow their holdings tenfold, according to Standard Chartered.
Crypto inflows are up nearly 50% since May and are on track to comfortably surpass last year’s record total, JPMorgan analysts said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Tuesday! Here’s what you need to know in crypto today. Traditional finance is moving deeper into digital assets. JPMorgan is reportedly exploring crypto-backed loans, Western Union may integrate stablecoins, and PNC Bank has partnered with Coinbase to offer crypto access to clients — while […]
PNC partners with Coinbase to offer clients crypto trading and custody as more banks dip toes in the digital asset economy.
The bank has already taken preliminary steps into the crypto sector, including plans to offer loans against crypto ETFs, according to FT.
Western Union CEO Devin McGranahan told Bloomberg that it is exploring ways to offer on-ramp and off-ramp stablecoin services.
Non-bearer tokenized bank deposits settle at face value between accounts, unlike stablecoins, which can trade below par, JPMorgan said.
Citigroup's announcement follows JPMorgan's earlier disclosure of its plans to involve itself with stablecoins.
Standard Chartered says a $750 billion stablecoin market size could influence Treasury issuance and emerging market stability.
The bank's Global Head of Digital Assets Research, Geoffrey Kendrick, recently predicted that bitcoin would reach $135,000 by the end of Q3.
Vanguard, a $10 trillion money manager, has through its funds become the largest shareholder in Bitcoin stockpiler Strategy.
Circle's blockbuster IPO last month has brought crypto listings back into the spotlight, but the bigger question is what comes next.
On Monday, Metaplanet announced it had bought an additional 2,205 BTC for $239 million, bringing its total holdings to 15,555 BTC.
JPMorgan's upcoming application aims to set a single ecosystem for tokenized carbon credits that can address market fragmentation.
Deutsche Bank's custody project follows a growing institutional shift toward digital assets, driven by clearer EU rules under MiCA.
SoFi will reintroduce spot crypto trading and launch new crypto features after halting services in 2023 due to regulatory constraints.
The bank said it is a preemptive effort in preparation for the upcoming stablecoin consortium with seven other major banks in the country.
Ethereum has yet to see a material increase in activity despite recent successive upgrades, according to JPMorgan analysts.
Solana may lag Ethereum in the near term until new use cases beyond memecoins gain traction, according to Standard Chartered.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The outcome of the discussions will depend on how the U.S. stablecoin legislation turns out, the WSJ report said.
JPMorgan analysts say expectations that the stablecoin market could triple or quadruple in the near future are "far too optimistic."
Government entities increased their MSTR holdings in Q1, including first-time buys by Saudi Arabia and France, Standard Chartered said.
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Bitcoin could keep rising at gold’s expense in the second half of the year, boosted by corporate buying and growing support from U.S. states, according to JPMorgan analysts.
JPMorgan's blockchain unit Kinexys, Chainlink and Ondo Finance teamed up to test cross-chain settlement of a tokenized U.S. Treasuries fund.
FalconX plans to integrate Standard Chartered's banking infrastructure to improve cross-border settlements for global institutional clients.
Binance's BNB token could rise over 360% in the next few years, according to Standard Chartered's Geoffrey Kendrick.