Trust Bank Status Sought Amid Controversy
World Liberty Financial (WLFI), linked to former President Trump, nears a national trust bank license, allowing it to issue USD1 stablecoin directly in the U.S., amid controversy. #Update #Crypto $USDT
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Bank of Japan Raises Rates to 1995 High
The Bank of Japan raised its key interest rate by 25 basis points to 1%, the highest since 1995, with Bitcoin stable at $66,300; over $535 million in crypto futures positions were liquidated. #Update #Crypto $BTC
Stablecoin Race Heats Up State Street Launches Fund
State Street launches SSCXX money market fund with $121M AUM and 3.51% yield, enabled by the GENIUS Act. Anchorage Digital joins as seed investor. #Update #Finance
Bitcoin Remains Steady Amid Bank of Japan Rate Hike
The Bank of Japan raised its key interest rate to 1%, the highest since 1995, amid inflation pressures. Bitcoin remained stable, while crypto markets reacted positively to the pause in quantitative easing. #Update #Crypto $BTC
Bitcoin Banks Threatened by Quantum Breakthrough
Tim Draper claims banks face greater quantum risks than $BTC, arguing Bitcoin’s decentralized network offers superior security as computing power advances. #Update #Crypto $BTC
Yen Stablecoin Launches by Japan Banks
Japan’s MUFG, Mizuho, and SMBC sign MOU to launch a yen stablecoin by March 2027, challenging USD stablecoins’ dominance in the $300B market. #Update #Crypto
Bitcoin Ethereum XRP Stack on Deposits
SBI Shinsei Bank launches a 3-month crypto rewards pilot, offering depositors vouchers redeemable for $BTC, $ETH, or $XRP. Permanent rollout planned for fall 2026. #Update #Finance
Crypto Rewards Surge at Japanese Bank
@SBI Shinsei Bank will launch a crypto rewards program for depositors, offering vouchers worth 20% of earned interest exchangeable for $BTC, $ETH, or $XRP. Pilot starts June 10, 2026. #Update #Crypto $BTC $ETH $XRP
Bitcoin Rule Challenged by 6 Senators
U.S. senators push to revise Basel’s 1,250% crypto risk weight, potentially reshaping banks’ bitcoin market participation. Regulators urged to assess digital asset capital standards. #Update #Crypto $BTC
Wealth Management Breach Exposes 27076 Accounts
@KerberRose Wealth Management reports a security breach affecting 27,076 individuals, exposing sensitive data including Social Security numbers and bank account info. Free identity theft protection is being offered. #Breaking #Legal
AI Drives Stock Market Surge Predicts Wells Fargo
Wells Fargo Advisors highlights that the Utilities sector, especially electric utilities, will benefit from rising investments in AI and data centers, projecting strong returns and growth outlooks. #Update #Crypto $ETH
Bank Blames Elderly Customers After $39950 Disappears
A former bank teller, Hailee T. Ray, stole $39,950 from elderly customers at Herring Bank in Texas and falsely blamed them. She pleaded guilty to theft and exploitation charges. #Update #Legal @FDIC
JPMorgan Launches Tokenized Deposit Network
JPMorgan, Citi, BofA, and Wells Fargo plan a tokenized deposit network by 2027 via The Clearing House. JPM Coin runs on Coinbase’s Base. #Update #Crypto
Stablecoin Boosts Revolut’s US Bank Ambitions
@Revolut plans to launch a U.S. bank offering FDIC-insured accounts and stablecoin trading, as the Bank of England predicts declining stablecoin popularity amid regulatory developments like the GENIUS Act. #Update #Crypto $USDC