Citigroup Launches Tokenized Trading for Elite
Citigroup launches tokenized depositary receipts for private shares, targeting firms like SpaceX. U.S. expansion planned after foreign rollout. #Update #Finance
Citigroup
Ethereum Powers Citi’s Tokenized Shares Access
Citi launches tokenized Kaleido DDRs for non-U.S. investors on SDX, planning U.S. access post-2026 rollout. #Update #Finance
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
Banks Lose $5.6 Billion to Bad Loans
Three major U.S. banks, @JPMorgan, @Citigroup, and @WellsFargo, wrote off $5.6B in bad loans amid rising credit card debt hitting $1.083T. #Update #Crypto $BTC (-8) ↘
Bitcoin Custody Expands as Citi Morgan Stanley Collaborate
@Citigroup plans to launch institutional bitcoin custody later this year, integrating it into traditional banking systems amid strong client demand for familiar crypto exposure. #Update #Crypto $BTC
Coinbase Price Target Slashed to $400
@Citigroup lowers Coinbase (COIN) price target to $400 from $505, citing reduced trading volumes and regulatory uncertainty; analysts expect a GAAP EPS loss of $2.64 for Q4 2025. #Update #Crypto $COIN
Citi Reports CLARITY Act Momentum Grows
Citi (C) highlights the CLARITY Act as crucial for U.S. digital asset legitimacy, but progress is stalled by contentious provisions, risking delays beyond 2026. #Update #Crypto $BTC $ETH
Tokenized Deposits Gain Citigroup CEO Support
@Citigroup CEO Jane Fraser asserts that tokenized deposits will lead digital finance, emphasizing their advantages over stablecoins. She notes institutional demand for seamless, compliant payment solutions. #Update #Crypto $USDC
Stablecoin Launch Considered by Major Banks
Top US banks, including @JPMorgan and @BankofAmerica, are reportedly exploring a stablecoin venture to rival the crypto sector, per WSJ. #Update #Crypto (+3) →
Billionaire Buffett Sells Billions in Banks
Billionaire Warren Buffett’s @BerkshireHathaway sold $3.23 billion in shares of Citigroup, Bank of America, and Capital One, continuing its exit from major US banks. #Update #Finance (+4) ↗
Crypto Exchange Gemini Files for IPO
@Gemini has reportedly filed for an IPO with @GoldmanSachs and @Citi, following the closure of an SEC investigation. Discussions are ongoing. #Update #Crypto (+3) ↗