Core Viewpoint - World Liberty Financial, co-founded by President Donald Trump, is applying for a national trust bank charter to expand its USD1 stablecoin operations [1][2]. Group 1: Company Developments - WLTC Holdings LLC has submitted a de novo application to the Office of the Comptroller of the Currency for establishing World Liberty Trust, a national trust bank focused on stablecoin services [2]. - World Liberty has raised funds through the sale of its WLFI token, which transitioned from a non-transferable governance token to a tradable asset [4]. - The USD1 stablecoin has a market capitalization of $3.4 billion, and if the charter is granted, it will enable World Liberty Trust to serve institutional clients and offer digital asset custody and stablecoin conversion services [4]. Group 2: Industry Context - The application for a bank charter by World Liberty is part of a broader trend among crypto firms seeking federal legitimacy while avoiding full regulatory obligations of national banks [3]. - Other crypto firms, including Coinbase, Ripple, Paxos, and BitGo, have also pursued bank charters, indicating a growing interest in regulatory frameworks for digital assets [3]. - The national trust charter aims to provide a federal framework for custody, reserve management, and fiduciary oversight, potentially enhancing institutional participation and consumer protections in the crypto space [5].

Core Viewpoint - World Liberty Financial, co-founded by President Donald Trump, is pursuing a US bank charter to enhance its USD1 stablecoin operations, reflecting a trend among crypto firms seeking federal legitimacy without full regulatory obligations [1][3]. Group 1: Company Developments - WLTC Holdings LLC has submitted a de novo application to the Office of the Comptroller of the Currency to establish World Liberty Trust, a national trust bank focused on stablecoin services [2]. - World Liberty has raised funds through its WLFI token, which transitioned from a non-transferable governance token to a tradable asset, and its USD1 stablecoin has a market capitalization of $3.4 billion [5]. Group 2: Industry Context - The application for a bank charter by World Liberty is part of a broader trend among crypto firms, which is raising concerns among traditional banks about the implications for financial supervision [3]. - Previous applications for bank charters in the crypto space include Coinbase Global Inc. and conditional approvals for firms like Ripple, Paxos, and BitGo by the OCC [4]. Group 3: Future Implications - If the charter is granted, World Liberty Trust will provide services to institutional clients, including crypto exchanges, and will facilitate digital asset custody and stablecoin conversion [6]. - The co-founder of World Liberty emphasized that a national trust charter would establish a federal framework for custody and reserve management, potentially enhancing institutional participation and consumer protections in regulated payment systems [7].

Core Viewpoint - World Liberty Financial is seeking to establish a national charter for its proposed entity, World Liberty Trust Company, which aims to issue a stablecoin pegged to the U.S. dollar and provide related services [1][2][4]. Group 1: Company Overview - World Liberty Trust Company has applied for a national charter with the U.S. Office of the Comptroller of the Currency (OCC) to launch its operations [1][2]. - The proposed trust firm plans to issue the USD1 stablecoin, which is directly linked to the U.S. dollar, and will offer custody and conversion services for other stablecoins [2][3]. - The company is closely associated with former President Donald Trump, listing him as "co-founder emeritus," and includes his sons as co-founders [3]. Group 2: Regulatory Context - The OCC has previously granted charters to several crypto firms, allowing them to operate trust banks, including notable names like Circle and Ripple [4]. - Under the Trump administration, the OCC has shown a more favorable stance towards crypto-related services compared to the previous administration [5]. Group 3: Future Plans and Market Position - If approved, Zach Witkoff, co-founder of World Liberty, would assume the role of president and chairman of the trust company [6]. - The company claims that USD1 has experienced unprecedented growth in its first year, being utilized by institutions for various financial operations [7].

Grayscale filed with the US Securities and Exchange Commission (SEC) to list an exchange-traded product (ETP) for Bittensor’s TAO token on NYSE Arca under the ticker GTAO. TAO traded around $222 at the time of the filing, after a strong year of AI‑crypto interest and Bittensor’s first halving. This move drops AI‑crypto directly into the regulated Wall Street conversation, not just crypto Twitter. What Exactly Did Grayscale File, and Why Should Beginners Care? An ETP is a traditional stock‑market produc ...

Core Viewpoint - Grayscale is seeking to convert its GTAO fund into the first Bittensor ETF, which will expand its crypto ETF offerings and provide institutional investors with 100% spot exposure to the AI token, TAO [1][2][7] Group 1: ETF Conversion and Listing - Grayscale has filed a Form S-1 with the SEC to convert its Bittensor Trust into an ETF, aiming to list the fund on NYSE Arca under the ticker 'GTAO' [2][7] - The filing follows the Bittensor network's first halving event, which reduced daily token issuance from 7,200 to 3,600, potentially boosting the price of TAO [2] Group 2: Fund Structure and Management - The Bittensor ETF will hold the AI crypto coin, including tokens earned from staking, as Grayscale plans to implement staking [3] - Bank of New York Mellon is listed as the transfer agent, with Coinbase as the prime broker and custodian, alongside BitGo as an additional custodian [3] Group 3: Regulatory Approval and Trading - NYSE Arca has received regulatory approval for the Trust to conduct creations and redemptions of Shares via in-kind transactions with Authorized Participants in exchange for TAO [4] - The Grayscale Bittensor Trust began trading on the OTCQX under the ticker symbol "GTAO," following the effectiveness of its Form 10 filing with the SEC [5] Group 4: Reporting and Compliance - As an SEC reporting company, the Trust has a reduced holding period of six months, which will take effect after it has been a reporting company for at least 90 days [6]

Core Insights - The article outlines five key trends related to stablecoins that are expected to impact U.S. banks in the coming year, emphasizing the shift towards nonbank issuers and the integration of stablecoins into traditional banking systems [2][3]. Group 1: Nonbank Issuers - More new nonbank issuers of stablecoins are anticipated compared to bank issuers due to nonbanks' ability to implement new technology systems more rapidly and their broader access to blockchain talent [4][5]. - Recent announcements for 2026 stablecoin launches include companies like Sony, Cloudflare, and Western Union, with traditional banks lagging behind in this space [6]. Group 2: Integration with Banking - Traditional banks are expected to partner with fintech firms to facilitate stablecoin transactions rather than issuing their own stablecoins, thereby meeting client demand and increasing transaction revenue [7]. - New financial entities with banking charters, such as digital bank Erebor, are emerging to issue deposit tokens and stablecoins, blending traditional and new banking activities [8][10]. Group 3: Blurring Boundaries - The distinction between deposit tokens and stablecoins is expected to continue to blur, with banks realizing they can retain deposits while offering stablecoin flexibility [15]. - Recent developments include Custodia Bank and JPMorgan launching deposit tokens with stablecoin-like functionalities, indicating a trend towards integrating these financial instruments [14]. Group 4: Decentralization Experiments - Some traditional institutions are likely to experiment with decentralized mechanisms, introducing aspects of smart contract functionality to enhance client service and reduce costs [16]. - Progress in identity technology may widen the scope for disintermediation in banking functions, despite KYC and AML requirements limiting peer-to-peer transactions [17]. Group 5: Agentic Payments - Machine-to-machine payments are emerging, with stablecoins playing a crucial role in their evolution as digital money that can be programmatically distributed [18]. - While banks may not directly engage in this area, fintechs are expected to provide the necessary services for businesses adopting AI and robotics, pushing traditional banks to innovate [19][20].

（来源：吴说） 据 DL News 报道，2025 年加密公司通过 IPO 共募资约 34 亿美元，市场预计 2026 年将迎来更密集的上 市潮，重点集中在合规与基础设施型企业。值得关注的有，Kraken 目标估值约 200 亿美元，Consensys 最新估值约 70 亿美元，BitGo 估值约 17.5 亿美元，Animoca Brands 预计估值约 60 亿美元；此外， Ledger 正筹备 2026 年融资与潜在上市，Bithumb 计划在韩国上市。 ...

吴说获悉，据 Onchain Lens 监测，Bitmine 进一步从 BitGo 和 Kraken 购入了总计 29,463 枚以太坊，价 值约 8820 万美元。新创建的钱包地址 "0xecA" 从 BitGo 接收了 18,454 枚以太坊，价值约 5561 万美 元；钱包地址 "0x1b6" 则从 Kraken 提取了额外的 11,009 枚以太坊，价值约 3314 万美元。 （来源：吴说） ...

It seems that Tom Lee(@fundstrat)'s #Bitmine just bought another 29,462 $ETH($88.1M) from BitGo and Kraken.https://t.co/hXCQQvO6ZFhttps://t.co/m3WT8Jwh6x https://t.co/REuuHwyR6q ...

RT Sei (@SeiNetwork)Binance | Kraken | Coinbase | Anchorage | BitGo | Crypto․com | FireblocksThese institutions anchor security across the Sei ecosystem, forming the Security & Validation System of the Market Infrastructure Grid.Modern markets require enterprise-grade reliability and near-instant finality at the network layer, alongside secure custody at the asset layer.On Sei, these are standard.Built for global markets. Secured by global enterprises. ...