President Donald Trump called for a one-year cap on credit card interest rates at 10%. What does that actually look like in practice?@PNCBank CEO Bill Demchak tells @thestalwart and @tracyalloway how the interest rate cap might affect businesses and consumers https://t.co/qoGXjc1GMM ...

President Donald Trump called for a one-year cap on credit card interest rates at 10%. What does that actually look like in practice?@PNCBank CEO Bill Demchak tells @thestalwart and @tracyalloway how the interest rate cap might affect businesses and consumers https://t.co/qoGXjc1GMM ...

President Donald Trump called for a one-year cap on credit card interest rates at 10%. What does that actually look like in practice?@PNCBank CEO Bill Demchak tells @thestalwart and @tracyalloway how the interest rate cap might affect businesses and consumers https://t.co/qoGXjc1GMM ...

President Donald Trump called for a one-year cap on credit card interest rates at 10%. What does that actually look like in practice?@PNCBank president and CEO Bill Demchak tells @thestalwart and @tracyalloway how the interest rate cap might affect businesses and consumers https://t.co/qoGXjc1GMM ...

Core Insights - JPMorgan estimates that XRP ETFs could attract between $3 billion and $8 billion based on the performance of Bitcoin and Ethereum ETFs, with potential monthly inflows sustaining above $400 million leading to approximately 2.6 billion XRP locked away by year-end, representing about 4% of total supply [1] - For XRP to reach its all-time high of $3.84, ETF assets under management need to exceed $5 billion, achievable by Q3 2026 at the current monthly inflow rate of $483 million [2] - XRP has seen significant institutional interest, with ETF inflows reaching $1.37 billion in under 60 days, indicating a strong momentum that could push XRP back to its previous all-time high if certain catalysts align [4][6] ETF Performance - XRP ETFs have attracted $1.37 billion in under 60 days, with a streak of 43 consecutive days of positive inflows, making it the second-fastest crypto ETF to cross $1 billion after Bitcoin [3][6] - The inflow streak was briefly interrupted but resumed quickly, indicating strong ongoing interest from investors [3] Institutional Adoption - Ripple's banking network has expanded to over 300 partners, with only about 40% actively using XRP for On-Demand Liquidity settlements, highlighting the potential for increased adoption [6][14] - Ripple raised $500 million at a $40 billion valuation, indicating strong institutional backing and interest, contingent on regulatory clarity [11] Regulatory Environment - The CLARITY Act, which passed the House with bipartisan support, could provide a clearer regulatory framework for XRP, potentially classifying it as a digital commodity and allowing U.S. pension funds and insurance companies to hold XRP directly [10][11] - The SEC's ruling in 2025 that XRP sold on public exchanges does not constitute unregistered securities has opened doors for institutional investment [9] Market Dynamics - XRP's price is currently around $1.95, down 49% from its all-time high of $3.84, with the potential to reach $4 by Q4 2026 if institutional appetite continues to grow [5][7] - XRP's correlation with Bitcoin is strong, with analysts predicting Bitcoin could reach between $130,000 and $150,000 by mid-2026, which would positively impact XRP's price [18] Catalysts for Price Movement - Four key catalysts are identified for XRP to break its all-time high: ETF inflows exceeding $5 billion, passage of the CLARITY Act, real-world settlement adoption, and sustained bullish momentum in Bitcoin [22][29] - The bullish scenario suggests XRP could reach between $3.84 and $5.00 if all catalysts align, while a base scenario could see it trading between $2.50 and $3.40 if only some catalysts materialize [22][24]

Core Insights - A St. Louis man, Terron T. Brown, was sentenced to six years in prison for leading a check-fraud scheme that aimed to defraud banks and customers of $6 million [1][14] - The case highlights the mechanics of check fraud, including the use of stolen mail, money mules, and social media for recruitment [3][8] Fraud Mechanics - Brown's operation involved stealing mail from USPS collection boxes, with details on how the mail was stolen not fully disclosed [4] - He altered stolen checks or printed counterfeit checks using victims' routing and account information, with law enforcement discovering $6 million in stolen and counterfeit checks in his possession [5][14] - The group attempted to deposit at least $116,834 but successfully extracted $51,933, which they were ordered to repay [6][14] Use of Technology - Brown utilized social media platforms, particularly Instagram, to recruit individuals to deposit fraudulent checks into their accounts [6][7] - The Financial Crimes Enforcement Network (FinCEN) noted a trend of fraudsters using social media and messaging apps to recruit check walkers [8] Exploiting Banking Policies - The operation exploited bank float times, allowing Brown and his recruits to withdraw funds before banks could detect fraud [9][10] - The first $225 of a deposited check is typically available the next business day, with larger amounts subject to longer hold periods [10] Regulatory Response - Federal regulators are considering policy changes to address vulnerabilities in check processing, including shortening mandatory hold periods [12] - The case underscores the ongoing threat of mail theft as a primary driver of check fraud, prompting the industry to develop new technologies for fraud prevention [15][16] Prevention Strategies - Financial institutions are encouraged to implement advanced software for real-time detection of fraudulent activities [18] - Strengthening identity verification during account onboarding is crucial to prevent fraudsters from opening accounts for check deposits [20] - Positive pay services remain the industry standard for business clients, allowing banks to verify check details against issuance files [22]

If there is a super cycle, you never want to sell. >> So you could call that permutable. I would be call that calling it right. There's a storm brewing for Bitcoin and Ethereum. >> I mean, the United States government has a strategic Bitcoin reserve now, right? Like what bigger kind of endorsement might you have of like this is here to stay? >> Let's go over the latest news that affects you if you hold Bitcoin, if you hold Ethereum. If you have the conviction on the right ideas, you never want to sell the s ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)🗞️ PNC Bank is the first major U.S. bank to embed spot bitcoin access for private clients via Coinbase. Plus, Binance co-CEO Yi He was hacked and IMF warns about stablecoins.@JennSanasie hosts "CoinDesk Daily." https://t.co/L0OiqjZgKn ...

pnc bank just became the first major us bank to offer direct bitcoin trading through regular investment accounts. $410b aum, 6th largest bank. coinbase powers the backend. every bank that waits loses their high net worth clients to pnc. jpmorgan, bofa, wells fargo announce within 90 days or bleed market share. ...

Market Trends & Cryptocurrency Performance - Crypto majors experienced a pump and dump ahead of the FOMC meeting, with ETH leading the gains at +6% [1] - Bitcoin reached $91,900, Ethereum at $3,320, BNB at $885, and SOL at $137 [1] - ZEC (+11%), ADA (+3%), and DASH (+3%) led the top movers in the cryptocurrency market [1] - Memecoin leaders showed mixed performance, with DOGE +3%, Shiba -1%, PEPE +1%, PENGU +4%, BONK -3%, TRUMP +1%, SPX +2%, and FARTCOIN -4% [1] Regulatory & Institutional Developments - PNC Bank enabled Bitcoin spot trading for Private Bank clients via Coinbase's Crypto-as-a-Service [1] - Senator Cory Booker warned that the Crypto Market Structure bill faces challenges without more Democratic representation [1] - An American Teacher's Union urged the Senate to scrap the crypto-market bill [1] - A proposed "Bitcoin After Dark" ETF aims to provide BTC exposure outside normal market hours [1] ICOs & Token Performance - HumidiFi's WET token soared 220% in its debut, reaching $325 million, a 5-6x increase for presale participants [2] - Rainbow Wallet announced an ICO on Coinlist, selling 3% of the supply at a $100 million FDV [1][2] - Octra announced an ICO at a $200 million valuation on Sonar, selling 10% of its tokens [1][2] - Fogo announced a FOGO presale for 2% of its supply [1][2] NFT Market - NFT leaders showed mixed performance; Punks remained even at 30 ETH, Pudgy -1% at 5.28 ETH, BAYC -3% at 5.35 ETH; Hypurr's +11% at 497 HYPE [2] - Beeple's 'Regular Animals' rebounded 40% to 7.85 ETH [2] - Ton's NFT marketplace Fragment flipped Hyperliquid and Pump Fun in 24-hour revenue with $2.83 million [2]