DeFi
Crypto DeFi hacks cost 8,500% more than TradFi breaches per dollar moved
The DeFi experiment is near collapse and Wall Street is draining the swamp into the system it was built to replace
Liam 'Akiba' Wright 12 min read Banking News
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Coverage footprint 2.7%
7D News sentiment 50 /100
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Liam 'Akiba' Wright 12 min read 
Stablecoins
US Bankers push for 60 day delay to stop national stablecoin rules going live
ABA is urging the Treasury and FDIC to freeze stablecoin rulemaking, escalating a broader fight over the future of tokenized dollars.
Stablecoins
Banks lobbying efforts seek to ‘kill’ CLARITY Act before US Senate election window closes
Banking organizations are aggressively pushing advertisements to pressure US lawmakers to act against the introduction of stablecoin yields.
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ETF
Morgan Stanley’s $116M Bitcoin ETF debut is tiny next to $1.9T, and that’s why Wall Street will notice
MSBT’s early inflows are negligible next to Morgan Stanley’s $1.9 trillion platform, but they offer something more valuable: proof that a bank-branded Bitcoin product can attract demand fast.
Banking
Charles Schwab is bringing Bitcoin to its 39 million clients – but without the protections they expect
Schwab is about to make buying Bitcoin feel like any other brokerage transaction, even though the protections behind it belong to a very different category of risk.
Stablecoins
Clarity Act deadlock fails to stop Stablecoins smashing $320B and yield-bearing tokens surging
USDT and USDC dominate liquidity while Ethereum and Tron carry most volume, but the CLARITY Act bill’s timing is slipping fast.
Regulation
Why the SEC just gave self custody crypto apps 5 years to get traditional broker licenses
A new SEC staff statement gives certain wallet-linked crypto trading interfaces a narrow way to operate without broker registration, while leaving most DeFi protocols and tokenized markets stuck waiting on Congress.
Legislation
White House exposes stablecoin yield ban wouldn’t help banks, raising the stakes for CLARITY in the Senate
The report’s own projections show the ban barely nudges bank lending while putting stablecoin innovation and consumer yields on the line.
Enterprise
The Fed treads on XRP’s core payments use case with new FedNow banking system upgrade
The Fed’s payment rails are converging with XRP’s core thesis, narrowing the gap between blockchain settlement and traditional banking infrastructure.
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Enterprise
New US credit crisis looms as more firms limit withdrawals – and Bitcoin could be hit first
Analysis
Citadel Securities and Fidelity just made their clearest move yet to rebuild crypto like Wall Street
Analysis
Wall Street sees a $10 trillion opening as Washington rewrites 401(k) rules
Analysis