Policy & Regulation - U.S Treasury Secretary believes the GENIUS Act is crucial for maintaining American leadership in digital assets [1]

I can't believe this Wall Street legend just said this about crypto. Investing expert Rick Edelman has just issued a 60-day warning for all crypto investors. You have 60 days before billions, if not trillions, enter the crypto space.Uh and I do expect that Bitcoin will continue to rise to ever more all-time highs. I think that it'll end the year over 150,000. I think it'll be 500,000 by the end of the decade.Another major piece of crypto legislation is about to get passed in the United States. You have 60 d ...

Crypto Allocation - 75% of global fund managers have zero crypto allocation in their portfolios [1] - Only 9% of global fund managers hold any digital assets [1]

The Federal Reserve said it will wind down a Biden-era initiative that was designed to step up scrutiny of lenders’ involvement in digital assets, building on recent moves from US regulators to embrace the crypto industry https://t.co/YVlSKSUJDL ...

Core Insights - Citigroup is exploring involvement in stablecoins, including providing stablecoin-powered payments and custody services for assets backing stablecoins and crypto-related investment products [2] - The bank is considering issuing its own stablecoin, indicating a serious commitment to digital assets [2][3] - Citigroup's CEO highlighted the bank's blockchain-based solution for transfers using tokenized U.S. dollars, emphasizing its potential for corporate clients [3][4] Group 1: Citigroup's Stablecoin Strategy - Citigroup is looking to integrate stablecoins into the mainstream economy, potentially serving as the cash leg for tokenized financial assets and payments for SMEs and large corporates [6] - The bank's Citi Token Services (CTS) platform aims to provide real-time treasury and liquidity management using tokenized fiat currency on blockchain [4] - Citigroup expressed excitement about the new U.S. stablecoin law, which could enhance their ability to compete in the stablecoin market [5] Group 2: Industry Context - Other banks, such as JPMorgan, are also focusing on stablecoin infrastructure as part of their long-term strategies for cross-border payments and corporate treasury modernization [6][7] - JPMorgan's CEO indicated the necessity for the bank to engage more fully in the stablecoin industry due to the competitive landscape created by FinTechs [7]

Digital Assets Holdings - The United States Government holds $24 billion in digital assets [1]

Digital Asset Strategy - Citigroup is exploring stablecoin custody, payments, and crypto ETF services [1] - The exploration follows new U S legislation enabling broader adoption of digital assets [1]

Crypto Services Expansion - Citigroup is considering offering custody and payment services for stablecoins and crypto ETFs [1] - The initial focus is on providing custody for high-quality assets backing stablecoins [1] - Exploration of custody for digital assets supporting products like bitcoin spot ETFs is underway [1] Payment Innovation - Citigroup is developing services to use stablecoins to enhance cross-border payments [1] - The aim is to enable instant settlement through stablecoin utilization [1]

Welcome back to Money Movers. Take a look at shares of E Toro today down more than 5% despite the company reporting a beat on the top and the bottom lines yesterday in its first quarter since going public as yet another crypto name bullish gets set to make its market debut here today. Pricing at 37 now indicated at 70 to 75.Joining us this morning is E Toro CEO Yoni Assia. Yoni, it's good to have you. We don't like to talk about uh father on Mother's Day, but I I have to assume that all of this is sort of u ...

🔥 QUESTION: Cathie Wood thinks Bitcoin may hit $1M in 5 years, where do you think it'll be in 2030? 👇CoinDesk (@CoinDesk):🚨NEW: Cathie Wood says ARK’s bull case for Bitcoin is still well over $1M in 5 years.“I think the much bigger force right now is it’s the gateway into digital assets for institutions… and the really substitute for gold as a store of value… and those we have not changed at https://t.co/jXVRhWiwJn ...