Coinbase signaled its platform is expanding beyond digital assets, with U.S. customers gaining access to traditional stock trading. https://t.co/r9RcWgGYyf ...

Strategy argued in a letter sent to MSCI on Wednesday that excluding a number of crypto-buying firms from its indices could impact America’s ability to protect itself. The Tysons Corner, Virginia-based firm raised national security concerns in its 12-page appeal to the global financial giant, pointing to the Trump administration’s pro-crypto stance. “MSCI should decline to implement its proposal,” the letter states. “It would undermine the federal government’s goal of promoting digital assets while stiflin ...

Key insight: Comptroller of the Currency Jonathan Gould says national trust banks have always been allowed to perform certain non-fiduciary functions and that custodying digital assets is no different.Supporting data: New bank applications fell from over 100 per year in the 1990s to about four annually in recent decades.Forward look: Gould says the OCC will continue individual reviews of digital asset firms' applications despite growing pushback from community banks.Comptroller of the Currency Jonathan Goul ...

Core Insights - Standard Chartered has become the first major bank to enable spot trading of cryptocurrencies, indicating a significant shift in the financial landscape [1] - The bank is exploring the use of stablecoins and digital assets for local and global payments, recognizing their potential to transform the payment system [2][3] - There is a growing belief that digital asset wallets will gain traction, leading to a shift from conventional payment methods to stablecoin-based systems [4] Industry Trends - Regulators are preparing for a new wave of technology, with stablecoins primarily used in cryptocurrency trading and as a store of value for those lacking trust in national currencies [3][6] - The market capitalization of cryptocurrencies and digital assets remains low, with stablecoins currently experiencing daily flows of $20 billion, which is less than 1% of global payment system flows [6][7] - The potential for stablecoins to be issued by mainstream banks is being considered, with Standard Chartered already issuing Hong Kong dollar stablecoins and exploring tokenized bank deposits [4][7] Regulatory Considerations - The focus of regulators is on ensuring that stablecoins are backed by appropriate reserves to trade like cash, which is crucial for their acceptance and use [8]

Partnerships & Integrations - CoinGate Gift Cards welcomes Bitget Wallet as a new payment method [1] - The collaboration aims to promote financial freedom by making digital assets more practical for everyday use [1] Industry Focus - The partnership focuses on making it easier for users to use digital assets in daily life [1]

Executive Team Announcement - ProCap BTC 宣布了三位高管团队成员，他们将在 ProCap Financial 完成业务合并后任职 [1] - Jeff Park 被任命为首席投资官，此前曾担任 Bitwise Asset Management 的 Alpha Strategies 主管 [1] - Megan Pacchia 被任命为首席运营官，曾在 McKinsey & Company 工作 14 年，担任合伙人 [1] - Kyle Wood 被任命为首席法律官，此前曾担任 Perkins Coie, LLP 的合伙人，并担任多家公司总法律顾问 [1] Strategic Importance - Vinod Khosla 曾说过“你建立的团队就是你建立的公司”，强调了团队建设的重要性 [2] - ProCap 对 Jeff, Megan, 和 Kyle 的加入感到兴奋 [2] Individual Experience - Jeff Park 曾是 Corbin Capital Partners 的合伙人，负责领导该公司的数字资产投资工作 [1] - Megan Pacchia 曾在 Morgan Stanley 的首席投资办公室和股票资本市场部门任职，也是 PubKey 的联合创始人 [1] - Kyle Wood 在数字资产和人工智能等新兴技术方面提供咨询 [1]

Core Insights - Shares in crypto treasurers have experienced significant growth this year as investors seek greater exposure to digital assets [1] Group 1 - The surge in shares indicates a growing interest in the cryptocurrency market among investors [1]

"We're seeing sustained demand from institutional investors for yield-generating digital assets backed by real network activity."- @0xAishwary, global head of payments, exchanges and real-world assets at Polygon Labscrypto.news (@cryptodotnews):LATEST: $POL | @0xPolygon partners with @cypher_capital to expand institutional access to $POL in the Middle East.Long-term capital will be injected into the ecosystem, for exposure to $POL for institutional investors. https://t.co/UUeO05Swbb ...

Market Overview & Growth Potential - Crypto market cap reached almost $2 trillion on the 13th, indicating a significant bounce in the market [2] - Crypto market cap was at $798 billion on January 1st, 2023, and ran to $4.2 trillion, suggesting substantial growth [3] - Industry anticipates crypto hitting $10+ trillion, potentially reaching $100+ trillion in assets moving on-chain, targeting large markets like the DTCC which moves $3+ quadrillion per year [3][4] - Crypto adoption is outpacing internet adoption, with potential to reach 4 billion users by 2030, driven by regulations and use cases like stable coin adoption and payments [20][22] XRP Analysis - XRP has shown significant growth, up 440+% in the last year, with potential to reach $10 by the end of the year [5][6] - XRP and other altcoins are expected to trade significantly higher, potentially decoupling from Bitcoin's growth [6][25] - XRP ledger moved $50 million with cents in fees, highlighting the cost-effectiveness compared to traditional systems [39] Regulatory Landscape & Adoption - Senate Banking Committee's draft aims to provide legal clarity, exclude assets that are clearly securities, and address staking and airdrops [16] - SEC and CFTC are working together on a joint advisory committee to provide clarity for the digital asset space [17][18] - Regulations are seen as the next catalyst for crypto growth, potentially leading to a surge in the crypto space [22] Security & Custody - Highlights the risk of wallet scams and the importance of secure custody solutions [8][9] - iTrust Capital is recommended for its premium custody account, offering a closed-loop system and high security [10][11] - Storing crypto with a US-based company like iTrust Capital is considered a secure option, providing 24/7 access and low fees [12][13] Banking System & Crypto's Role - The banking system is described as broken, with stable coin adoption surging due to the benefits of crypto transactions [35][36] - Crypto has the power to replace Swift and change the way the banking system works, offering faster and cheaper transactions [35][36] - Traditional payment apps like PayPal are seen as a fancy UI built on a broken financial system, while crypto offers immediate benefits [38]

🇭🇰 At #BNBDay Hong Kong, we’re discussing institutional adoption and digital assets with:– Gary Zhou, CEO of CMS HK Asset Management– Lorena, Head of Business Development at @lista_dao– Bridget Li, Co-Founder and CEO of @AssetoFinanceRegister here: https://t.co/zG0BvduzVg https://t.co/ZjelHo8Ob7 ...