Technology
Adoption
State Street and Citi reportedly eyeing crypto custody services
State Street will roll out its services next year, while Citi is already diving deeper into crypto.
Adoption
Abu Dhabi invests $437M in Bitcoin ETFs, Wisconsin doubles its holdings
Abu Dhabi added IBIT shares to its $302 billion in assets under management, while SWIB surpassed $320M in BTC exposure.
Staking
SEC explores new models for crypto staking in ETPs under pro-crypto leadership
The industry players suggested partial staking and the usage of liquid staking tokens to address SEC's concerns.
Adoption
Robinhood CEO says ‘innovation-friendly’ US crypto policies a ‘tailwind’ for firm’s future
Robinhood CEO Vlad Tenev said the innovation-friendly regime in the US will potentially help the firm bolster its offerings.
Regulation
Trump reportedly considering swapping crypto council for informal summits
The move is to reportedly avoid clashing with one of the many crypto tribes within the US industry.
Mining
US customs reportedly stalling Bitcoin miner shipments amid crackdown
Executives say the US Customs and Border Protection is targeting Bitmain-related shipments.
Crypto
Franklin Templeton FOBXX tokenized money fund goes live on Solana
The deployment could be a much-needed boost to Solana's tokenized money fund ecosystem.
ETF
JPMorgan increases crypto holdings via ETFs, but stays cautious at $1 million
Despite a 69% increase in Bitcoin exposure, Ethereum-related ETF shares grew by less than $10,000.
Analysis
Bad retail sentiment in crypto presents opportunity – Bitwise CIO
Matt Hougan stated that from a risk-adjusted perspective, the current moment is arguably the best time in history to invest in crypto.
Banking
Powell says Fed has no intention of preventing banks from offering crypto services
Powell said banks and the Fed should be mindful that crypto activities can be done inside financial institutions.
Stablecoins
Tether introduces bridge-free multichain liquidity for legacy USDT networks
The Legacy Mesh will allow USDT holders to use the multichain connectivity introduced by the USDT0.
ETF
Goldman Sachs reports over $2B in Bitcoin exposure through ETFs
The company's 13F form revealed an Ethereum exposure nearly 19 times larger between quarters.