The Bank of Israel rejected Prime Minister Benjamin Netanyahu’s proposal to use cryptocurrencies to bypass potential sanctions, warning they cannot shield Israel’s economy from restrictions. #Update #Crypto
@Ripple says @BCG research finds institutional custody holds over 30% of digital assets outside exchanges, as banks seek more control over signing and custody systems. #Update #Custody
@MorganStanley is blocking third-party AI agents from customer accounts; @jpmorgan, @BankofAmerica and @Citi are also restricting access after banks detected agents using customer credentials, Axios reports. #Update #Banking
@Sygnum and @Debifi launched MultiSYG, a $BTC-backed loan secured by 3-of-5 multisig wallets, reportedly a first for a regulated bank. Sygnum advertises it, but loans are not yet available. #Update #Lending $BTC
@Barclays plans to cut about 5,000 jobs by year-end as it expands AI use and reduces costs. Third-quarter profit rose 12% but missed forecasts. #Update #Banking
@SoFi launches SOFIE, a tokenized bank deposit paying 4.40% APY with Federal Deposit Insurance Corporation coverage within applicable limits; balances convert 1:1 to SoFiUSD. #Update #Banking
The American Bankers Association and Independent Community Bankers of America criticized the Office of the Comptroller of the Currency’s stablecoin rule, warning indirect rewards could drain bank deposits and curb local lending. #Update #Stablecoins
@DekaBank plans to roll out crypto trading through participating @Sparkasse banks’ apps, giving savings bank customers regulated access to $BTC, $ETH, $SOL, $XRP and Polygon. #Update #Crypto $BTC
U.K. crypto users filed over 10,000 complaints about bank transfer restrictions, with @LloydsBank and @BarclaysUK leading. @StandWithCrypto urges case-by-case controls instead of blanket blocks. #Update #Banking
@MrBeast is promoting @Step, but the app advertises no crypto features. Updated terms removed its crypto rewards section, though other clauses still mention crypto. #Update #Fintech
@Citigroup and @BankofAmerica restrict AI agents’ access to customer accounts due to risks of mass fund transfers, while JPMorgan Chase plans similar measures; deposit shifts could cost banks $47B annually. #Update #Crypto $USDT
Goldman Sachs CEO David Solomon highlights tokenization’s potential to expand financial markets, joining DTCC’s tokenization service and exploring scalable blockchain applications. #Update #Blockchain
Cross River Bank integrates Ripple’s RLUSD stablecoin and XRP Ledger into its banking system, simplifying international payments for fintechs, but services are limited to some U.S. states. #Update #Crypto $XRP
Bank of America fined $1.21B for AML violations, but no executives face charges, drawing criticism from Binance’s CZ and others. #Breaking #Legal
