Here is what happened yesterday in the crypto market:
JPMorgan Explores Crypto-Backed Loans
JPMorgan Chase is reportedly investigating crypto-backed loans, indicating a potential shift in how traditional US banks view crypto assets. This move could signal increasing institutional adoption and integration of digital assets into mainstream financial products. Read more
PNC Bank Partners with Coinbase for Crypto Services
PNC Bank is preparing to offer crypto services to its clients through a new partnership with Coinbase, following the recent signing of federal crypto legislation. This collaboration highlights the growing trend of traditional banks entering the digital asset space to meet client demand and adapt to regulatory changes. Read more
US Senate Republicans Propose New Crypto Market Structure Bill
Republican leaders on the US Senate Banking Committee have introduced their version of legislation for a digital asset market structure. This bill aims to provide clearer regulatory guidelines for the crypto industry, potentially streamlining operations and encouraging innovation within the sector. Read more
Western Union Eyes Stablecoin Integration and Crypto Partnerships
Western Union is looking into integrating stablecoins into its services as part of an effort to modernize cross-border payments. The CEO’s comments suggest a strategic focus on leveraging digital currencies to enhance efficiency in the global money transfer landscape. Read more
Solana Staking ETF (SSK) Surpasses $100 Million AUM
REX-Osprey’s Solana staking exchange-traded fund (SSK) has exceeded $100 million in assets under management (AUM) since its launch. This achievement signifies growing institutional interest and comfort with crypto staking as a viable investment strategy within traditional financial markets. Read more