RegulationCommunity banks sue OCC over crypto trust bank charters
The ICBA says the OCC overstepped its authority by granting crypto firms national trust charters without the rules that apply to ordinary banks.
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Regulation
StablecoinsCircle urges EU to rework MiCA stablecoin reserve rules
Circle asks the European Commission to replace minimum bank deposits in stablecoin reserves with a flexible liquidity rule and keep multi-issuance.
InstitutionalEvernorth heads to Nasdaq with 473M XRP
Shareholders approved Evernorth's SPAC merger. XRPN trading on Nasdaq starts October 8, with about 473M XRP on the balance sheet.
RegulationSEC proposes crypto custody rules for advisers
The SEC proposed crypto custody rules for advisers and funds, allowing self-custody in some cases and state trust companies as custodians.
MarketsCiti raises Bitcoin target to $113,000
Citigroup lifted its 12-month targets for Bitcoin and Ethereum by about 35%. What the forecast rests on and where it is weak.
InstitutionalBitcoin ETFs Draw Inflows for Nine Straight Days
US spot Bitcoin ETFs drew $3.1B in nine days. We break down the numbers, the fading pace, and why oil and rates hold the rally back.
MarketsKalshi in talks for a round at $40B valuation
Reuters reports prediction market Kalshi is in advanced talks to raise about $1B at a $40B valuation, up from $22B in May.
StablecoinsCiti and Coinbase Open Stablecoin Payments to Businesses
Citi clients can accept stablecoins via Coinbase while the bank settles in dollars. How Spring by Citi and Virtual Accounts work.
MarketsRobinhood Launches AI Trading Agents, 10x Perps and Weekend Trading
Robinhood unveiled AI trading agents at HOOD Summit, plus perps with up to 10x leverage on BTC and ETH and weekend stocks.