America’s Largest Banks Quietly Embrace Bitcoin Loans, Saylor Says

Crypto trading volumes have significantly declined across the board last month, as reported by JPMorgan, reflecting a broader slump in the cryptocurrency market. This downturn is indicative of ongoing volatility and investor uncertainty, which has led to decreased trading activity.

The Office of the Comptroller of the Currency (OCC) has raised significant concerns regarding the practice of crypto debanking among nine major banks, including JPMorgan Chase and Bank of America, highlighting a potential resurgence of restrictive measures against the cryptocurrency sector. This supervisory review has sparked fears of a new wave of regulatory actions reminiscent of 'Operation Chokepoint 2.0.'

American Bitcoin Corp. has announced the acquisition of 416 BTC, increasing its total Bitcoin holdings to approximately 4,783 coins. This purchase, valued at around $38 million, was made through a combination of mined coins and market acquisitions, aligning with the company's strategy to bolster its reserves amid ongoing mining operations.

The Trump Billionaires Club, a mobile game themed around Donald Trump, is set to launch by the end of the year, offering players TRUMP rewards through Open Loot. The developers have clarified that the game is licensed but not officially associated with Trump, denying any political affiliations or ownership of assets related to the game.

Strategy, formerly known as MicroStrategy, has formally opposed MSCI's proposal to exclude digital asset treasury companies from its indexes, arguing that the threshold of 50% digital assets on balance sheets is misguided and could harm the broader cryptocurrency market. The firm, led by Michael Saylor and CEO Phong Le, emphasizes the need for fair treatment of digital asset companies in index eligibility criteria.

The Federal Reserve has announced a 25 basis points interest rate cut, lowering the rate range to 3.5% to 3.75%, which may indicate a bullish trend for Bitcoin and the cryptocurrency market. Economic adviser Kevin Hassett noted that there is potential for further rate cuts, suggesting a shift in monetary policy that could favor digital assets.

Michael Saylor, founder of Strategy, delivered a keynote at the Bitcoin MENA 2025 conference in Abu Dhabi, asserting that Bitcoin will drive a digital credit revolution in the Middle East. He emphasized Bitcoin's potential to transform financial systems and proposed a Bitcoin-backed banking model for nation-states to enhance yield opportunities.

Vanguard is set to provide its over 50 million clients with access to cryptocurrency exchange-traded funds (ETFs), marking a significant shift in its investment strategy. This move aligns with a growing trend of integrating cryptocurrencies into traditional investment portfolios, reflecting a broader acceptance of digital assets in the financial sector.