JPMorgan Chase CEO Fights Clarity Act
@JPMorgan CEO Jamie Dimon opposes the CLARITY Act, claiming it lacks investor protections and fails to address AML laws. Banks plan to fight the bill in the upcoming markup session. #Update #Legal @JPMorgan
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Ethereum: Anchorage Launches Non-Custodial Trading
Anchorage Digital launches Atlas CMS, separating custody, execution, and credit to reduce counterparty risk. Spotex partners for crypto trading via regulated infrastructure. #Update #Crypto
Tech Stocks Rally While Hedge Funds Cash Out
Hedge fund clients are selling semiconductor stocks despite tech shares reaching record highs, reflecting profit-taking rather than a shift from AI themes. Cumulative hedge fund exposure remains high. #Update #Crypto $MATIC
SoFi Launches SoFiUSD Stablecoin for 15M Users
SoFi Bank launches SoFiUSD, the first U.S. national bank-issued stablecoin on a banking app, now available to 15 million members on Ethereum and Solana. #Update #Crypto
Billionaire Paul Tudor Jones Invests $398M
Billionaire hedge fund manager Paul Tudor Jones invests $398.8M in Warner Bros. Discovery, Wells Fargo, and Capital One while fully exiting positions in Goldman Sachs and BlackRock #Update #Crypto $WBD
Crypto Licenses Approved by Elizabeth Warren
Senator Elizabeth Warren questions the legality of trust licenses issued to cryptocurrency firms, urging the OCC for clarity on consumer safety and regulatory compliance. #Update #Legal $BTC
Bitcoin Custody Bill Approved by Minnesota
Minnesota Gov. Tim Walz signed HF 3709, allowing state-chartered banks to offer crypto custody from Aug. 1, 2026. St. Cloud Financial Credit Union reports strong local demand. #Update #Legal
Bitcoin Investments Surge to $235M in Italy
Italy’s largest bank, @IntesaSanpaolo, boosted its cryptocurrency assets to $235M by March 31, 2026, investing in $ETH and $XRP while reducing its stake in Solana. #Update #Crypto $ETH $XRP
Stablecoin Regulations Reviewed by Bank of England
The Bank of England is reassessing its stablecoin regulations, considering removing ownership limits and revising reserve requirements after industry feedback indicated prior measures were overly cautious. #Update #Crypto
Wells Fargo Stock Pick Surges Amid Restructuring
Wells Fargo analyst Mike Mayo names Citigroup (C) as his top stock pick, citing a significant transformation under CEO Jane Fraser’s leadership and strong revenue growth despite restructuring. #Update #Finance $C
Bitcoin Wallets Linked to Iran’s Central Bank
Arkham Intelligence linked crypto wallets to the Central Bank of Iran, prompting the U.S. to freeze $344 million in assets for suspected sanction evasion using TRON and Tether networks. Tether confirmed fund freezes at U.S. request. #Update #Crypto $USDT
Equity Bull Market Surges Amid Expected Volatility
@JPMorgan’s Grace Peters advises investors to prepare for inflation and volatility, highlighting a bullish outlook on equities while recommending infrastructure and hedge funds for portfolio resilience. #Update #Crypto $BTC
OCC Approves AI-Native Clearing Bank Launch
OCC conditionally approves Augustus Bank N.A., the first AI-native stablecoin clearing bank in the U.S.; Ferdinand Dabitz to become youngest CEO if fully approved. #Update #Banking
Kraken Targets OCC Charter for Custody
@Payward, parent of Kraken, files OCC application for a national trust company to enhance institutional digital asset custody, aiming to expand U.S. client services. #Update #Legal