Goldman Sachs CEO David Solomon said the firm is devoting significant resources to tokenization, stablecoins, and prediction markets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tokenized deposits and fund shares are emerging as a regulated alternative to stablecoins within the banking system.
LSEG launched its Digital Settlement House enabling 24/7 settlement of tokenized commercial bank deposits across currencies and networks.
Bank of America CEO Brian Moynihan warned that stablecoin yield rules could shift up to $6 trillion in deposits from banks.
The expected increase is likely to be supported by additional crypto regulation, including the passage of the Clarity Act in the U.S.
Standard Chartered is reportedly preparing a crypto prime brokerage business to be housed within its SC Ventures unit.
The recent crypto market correction was driven mainly by investor de-risking following MSCI’s Oct. announcement, JPMorgan said.
Morgan Stanley's head of wealth management told Barron's the firm plans to launch a proprietary digital wallet later this year.
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.
JPMorgan said stablecoin demand remains primarily driven by crypto trading activity, while growing use in payments may not materially increase supply.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
SoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi's nationally chartered bank for payments and settlement.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The move comes as Visa deepens its stablecoin work and reports a $3.5 billion annualized run rate in stablecoin settlement volume.
A partner at the investment arm of Itaú Unibanco, the largest private bank in Latin America, is urging investors to allocate a portion of their portfolios to bitcoin as a “dual opportunity” for asset diversification and currency protection. In a recent research note, Renato Eid, Itaú Asset Management’s head of beta strategies and responsible investment, […]
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan reiterated that its bitcoin-to-gold model still points to a theoretical price of about $170,000 in the next 6–12 months.
CQ’s Julio Moreno told The Block that if the bear market continues, bitcoin could trade between $70,000 and $55,000 next year.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BofA is recommending that wealth clients allocate up to 4% of their portfolios to crypto and will begin CIO coverage of four bitcoin ETFs in early 2026.
ShapeShift’s Houston Morgan told The Block that JPMorgan Chase abruptly closed his business bank account last Friday.
Kraken framed the Krak upgrades as a way for customers to "leave their bank behind and go all-in on crypto."
TD Cowen analysts still expect Strategy (MSTR) to outperform if bitcoin recovers and maintain their $535 price target.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Retail investors have sold about $4 billion of spot BTC and ETH ETFs in November — the main driver of the latest crypto market correction.
Bitcoin’s recent correction appears to have run its course, according to Standard Chartered’s Geoffrey Kendrick.
Bitcoin’s downside from current levels appears to be “very limited,” according to JPMorgan, which sees its support price at around $94,000.
Major financial players including B2C2, Coinbase, and Mastercard have already completed test transactions using JPMD.