Citi plans 2026 launch for crypto custody service amid Wall Street’s digital push

Citi is making significant strides in the crypto space, as it nears the launch of its crypto custody solution aimed at asset managers. This development is crucial as it reflects the growing acceptance of digital assets in traditional finance, potentially offering clients a secure way to manage their cryptocurrency investments. With a full rollout expected by 2026, this move could position Citi as a leader in the evolving landscape of crypto services.

Citi is gearing up to launch its crypto custody service in 2026 after several years of behind-the-scenes development. This move is significant as it reflects the growing acceptance of cryptocurrencies in mainstream finance, potentially offering clients a secure way to manage their digital assets. As major financial institutions like Citi enter the crypto space, it could pave the way for broader adoption and innovation in the industry.

JPMorgan's recent announcement about engaging in crypto trading marks a significant step towards institutional acceptance of digital assets. This move could pave the way for broader mainstream adoption and influence regulatory developments in the crypto space. While the bank is still cautious about custody services, its willingness to trade cryptocurrencies reflects a growing confidence in the market and could encourage other financial institutions to follow suit.

Amundi's upcoming Bitcoin investment product is a significant step towards mainstream acceptance of digital assets in the financial world. With €2.3 trillion in assets under management, Amundi's move could influence other institutions to follow suit, potentially transforming the landscape of traditional finance. This launch not only highlights the growing interest in cryptocurrencies but also suggests a shift in how institutional investors view digital assets, making it an important development for the future of finance.

The crypto market is showing signs of recovery after a chaotic weekend that saw major losses, with Bitcoin and Ethereum bouncing back significantly. Bitcoin has risen over 3% in just 24 hours, trading around $115,342 after dipping to $105,000. This rebound is crucial as it indicates resilience in the market, despite ongoing volatility. Investors are hopeful that this recovery could stabilize the market and restore confidence among traders.

The tragic death of Ukrainian crypto influencer Konstantin Galish has sent shockwaves through the digital asset community, raising questions about potential links to a recent $30 million loss in the crypto market. As investigators delve into the circumstances surrounding his passing, the incident highlights the volatile nature of cryptocurrency investments and the pressures faced by influencers in this high-stakes environment.

Securitize, a leading tokenization firm, is reportedly considering a $1 billion SPAC deal with Cantor Fitzgerald. This move could significantly enhance Securitize's position in the financial technology sector, allowing it to expand its services and reach a broader market. The potential partnership with Cantor Fitzgerald, a well-respected investment firm, underscores the growing interest in tokenization and its implications for the future of finance.

The stablecoin market has seen a significant surge, reaching a total value of $304.6 billion after adding $2 billion in just one week. This growth highlights the increasing confidence in stablecoins as a reliable digital asset, especially in a volatile cryptocurrency landscape. Investors are turning to stablecoins for stability and security, which could indicate a broader acceptance of digital currencies in mainstream finance.

Ripple has gained significant momentum on Wall Street following a new equity investment from C1 Fund. This development is crucial as it not only boosts Ripple's financial standing but also signals growing institutional interest in cryptocurrency, potentially paving the way for broader acceptance and innovation in the financial sector.

In a significant shift towards digital finance, $770 million has flowed into tokenized treasury assets, marking a pivotal moment for both Wall Street and the emerging Web3 landscape. This influx of capital highlights the growing acceptance of blockchain technology in traditional finance, offering investors new opportunities for diversification and liquidity. As more institutions embrace tokenization, it could reshape how assets are managed and traded, making this development crucial for the future of finance.

BlackRock clients have recently sold off $80.2 million in Ether, signaling a notable shift in institutional investment strategies. This move highlights the increasing volatility and risk management challenges within the Ethereum market, especially as traditional finance continues to integrate blockchain technologies. Understanding these dynamics is crucial for investors as it reflects broader trends in the cryptocurrency landscape.

A group of leading banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, is set to explore the creation of stablecoins linked to G7 currencies. This initiative reflects a growing acceptance of stablecoins in the financial sector, especially following US President Donald Trump's recent support for the technology. The move could significantly impact how cryptocurrencies are integrated into mainstream finance, potentially leading to greater stability and trust in digital currencies.

A crypto analyst has ignited excitement on social media by highlighting a striking resemblance between the current XRP price movements and those from 2017. Back then, XRP faced a dramatic flash crash on Binance, plummeting from $0.36 to $0.001, only to rebound spectacularly, skyrocketing to unprecedented highs shortly after. This analysis suggests that XRP could be on the verge of a similar explosive growth, making it a topic of keen interest for investors and enthusiasts alike.

Bitcoin has made a remarkable comeback, surging back to $116,000 after a tumultuous weekend in the crypto market. This rebound is significant as it reflects renewed investor confidence and could signal a stabilization in the volatile cryptocurrency landscape. The recent price surge not only highlights Bitcoin's resilience but also suggests that market jitters may be easing, making it an exciting time for both investors and enthusiasts.

CME Group has officially launched options for Solana and XRP, marking a significant step in the growing institutional interest in major altcoins. This move not only expands the range of trading options available to investors but also signals a broader acceptance of cryptocurrencies in traditional finance. With Bitcoin and Ethereum already leading the way, the inclusion of Solana and XRP in CME's offerings highlights the evolving landscape of digital assets and the increasing demand from institutional players.

The current Bitcoin post-halving cycle is showing signs of potential change, diverging from historical patterns. This shift is largely influenced by increasing institutional interest in Bitcoin, which is impacting the broader economic landscape for cryptocurrencies. Understanding these dynamics is crucial for investors and enthusiasts as they navigate this evolving market.

California's governor has just signed new laws aimed at establishing safeguards for AI chatbots, which is a significant step in protecting users, especially minors, from potential risks associated with these technologies. This legislation is crucial as it sets a precedent for how social media companies and websites must operate when providing AI services to California residents, ensuring a safer online environment.

Gloria has just launched a new terminal feed that tracks the Digital Asset Treasury market, focusing on corporate on-chain reserves, real-world asset flows, and liquidity trends. This expansion is significant as it provides investors and businesses with crucial insights into the evolving landscape of digital assets, helping them make informed decisions in a rapidly changing market.