Search results for "BANK"

Dormant Bitcoin Whale Reactivates After 4 Years, Transfers 6,924 BTC

Gate News bot message, A previously inactive Bitcoin wallet has resumed activity after a 4-year dormancy period, executing a transfer of 6,924 BTC (worth $818.81M) to new addresses. The funds were originally sourced from XAPO Bank. According to Onchain Lens, this forms part of a larger movement whe
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Expert Opinion: If Ripple obtains a banking license and a Federal Reserve (FED) master account, XRP could reach 50 dollars.

Vincent Van Code, a renowned software engineer and long-time XRP advocate, expressed his views on the far-reaching impact of Ripple's application for a U.S. banking license and a Federal Reserve master account, sparking a new round of discussions within the entire crypto community. Ripple confirmed these two developments on July 2, an action that could position the company at the core of cryptocurrency innovation and traditional financial infrastructure.
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Bitcoin Treasury has invested $31.6 million to purchase Bitcoin, and will be listed on the Toronto Stock Exchange.

Gate News bot reported by CoinDesk that the institutional lending and liquidity service provider Bitcoin Treasury Corp. (BTCT) stated that it has spent 43 million CAD (approximately 31.6 million USD) to acquire 292.80 Bitcoins, initiating a strategy aimed at building a robust digital asset treasury.
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The Central Bank of India releases 10 billion USD in funds to raise short-term Interest Rates.

According to Gate News bot, Bloomberg reports that the Reserve Bank of India has withdrawn 849.75 billion rupees (approximately 10 billion USD) in surplus cash from the banking system for the first time in seven months, aiming to increase overnight borrowing costs.
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XBTO partners with Swiss Arab Bank to launch Bitcoin yield product

Gate News bot news, XBTO collaborates with Arab Bank Switzerland to launch Bitcoin yield products for institutional clients.
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Danske Bank: Delays European Central Bank rate cut expectations to September

Gate News bot, Danske Bank Research revised its forecast for the path of the ECB's interest rates. Earlier, ECB President Christine Lagarde said at a press conference on Thursday that the cycle of interest rate cuts may be coming to an end. Assistant analyst Emily Herbert said the bank had lifted expectations for the ECB to cut interest rates in July and now set expectations for a final rate cut in September. This would bring the ECB's deposit rate to 1.75%, compared to the bank's previous forecast of 1.50%.
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XRPL introduces compliant stablecoins EURØP and USDB, expanding into the European and pump markets.

According to Gate News bot, as reported by Cryptonews, XRP Ledger (XRPL) has expanded its stablecoin ecosystem by introducing a new type of USD stablecoin USDB issued by Brazil's Braza Group, as well as a euro stablecoin EURØP that complies with MiCA standards.
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Metaplanet Bitcoin Holdings surpasses the Kingdom of Bhutan, the competition for encryption asset reserves intensifies.

Metaplanet has successfully surpassed the Kingdom of Bhutan in Bitcoin open interest, showcasing the effectiveness of its aggressive Bitcoin accumulation strategy. Meanwhile, the Kingdom of Bhutan continues to solidify its unique leadership position in the global Crypto Assets space through long-term holding strategies, green Bitcoin Mining practices, and innovative encryption payment infrastructure. The competition for crypto asset reserves between institutions and nations is still ongoing, with both sides setting ambitious Bitcoin accumulation goals.
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Woori Bank applies for a stablecoin-related trademark, becoming the third large commercial bank in South Korea to enter this field.

Gate News bot消息,韩国大型商业银行友利银行(Woori Bank)于7月7日申请了12个与stablecoin相关的商标,包括"WKRW"、"KRWOORI"、"WONKR"和"CKRW"等。这些商标申请覆盖Crypto Assets金融交易和电子转账等业务范畴。据韩媒Digital Asset报道,友利银行是继国民银行(KB Bank)和韩亚银行(Hana Bank)之后,第三家在stablecoin领域布局的韩国主要商业银行。此举显示韩国TradFi机构正逐步加大对digital asset市场的关注。
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Anchorage Digital launches the JitoSOL comprehensive service feature.

Gate News bot message, according to the official announcement from Jito, Anchorage Digital has now expanded its service support for JitoSOL. Institutional users of Anchorage Digital can complete the hosting, minting, and redemption operations of JitoSOL in a one-stop manner on the platform. In addition, these features will also be available on Anchorage's self-hosted wallet Porto. As background, Anc
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Viewpoint: The V-shaped Rebound of BTC indicates that its safe-haven narrative is still valid

Gate News bot message, according to CoinDesk's report, Bitcoin rebounded after a big dump last weekend, once again sparking debate on whether it is maturing into a true safe-haven asset or simply reacting to macroeconomic Favourable Information and ETF-driven fund flows. Gadi Chait, investment director at Xapo Bank, said: "The status of Bitcoin as a safe-haven asset is still evolving. After falling to around $90,000, it rebounded in a V shape to above $105,000 in less than 48 hours, highlighting its enhanced Liquidity and integration with mainstream investment portfolios."
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Trump plans to sign an executive order to stop Chokepoint 2.0, supporting the encryption industry against banking discrimination

Gate News bot news, according to The Wall Street Journal (WSJ), the Trump administration is considering using executive orders to prevent banks from cutting off Financial Service to certain 'politically unpopular' industries, including new technology companies and encryption companies.
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Market Commentary: Two things are certain, The Federal Reserve (FED) will not cut interest rates, and Trump will criticize.

On June 19, Steven Barrow, an economic observer at Standard Bank, said that two things are certain in today's meeting: the Federal Reserve will not cut interest rates, and Trump will criticize this decision. Regarding the Trump-Powell conflict, note two things that have happened since the May policy meeting: the Supreme Court seems to confirm Powell's past view that Trump cannot fire him; Trump directly urged Powell to cut interest rates during a meeting with the Fed chair at the White House.
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European Central Bank board member Mahrouf: The European Central Bank interest rates may remain unchanged in the future.

Gate News bot, ECB Governing Council member Makhruf said that the ECB's interest rate may remain unchanged for the foreseeable future, but this does not mean that the bank will not adjust policy at its next meeting. "I certainly think that the current level of interest rates is likely to remain unchanged for the foreseeable future. Whether that means we will stand still at the next meeting will depend on the realities facing the next meeting in July," Makhruf said at a press conference on Wednesday. He said policymakers need to be cautious because of the uncertainty about the direction of tariff policy, downside risks to eurozone economic growth and mixed inflation risks.
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Sygnum Bank: Bitcoin liquidity tightening may trigger a new round of price upward fluctuation

ChainCatcher news, Sygnum Bank pointed out in its latest market outlook analysis that the circulating supply of Bitcoin has decreased by about 30% over the past 18 months, leading to a significant decline in market liquidity. Analysts stated that with the increase in ETF fund inflows and the rising interest from governments in Bitcoin reserves, the market may face a "demand shock," where the number of buyers far exceeds the available coin supply. In addition, the turbulence in the U.S. Treasury market and the weakening of the dollar have enhanced the appeal of Bitcoin as a safe-haven asset, further driving up demand for it. These factors combined may trigger upward volatility in Bitcoin prices in the coming months.
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Sygnum: Bitcoin supply has decreased by 30% over the past 18 months, which may trigger a price rise.

According to Sygnum Bank's June 2025 Monthly Investment Outlook, Bitcoin's circulating supply is rapidly tightening, setting the stage for a potential price increase as demand continues to grow. Sygnum analysts noted that the circulating supply of Bitcoin has fallen by 30% over the past 18 months, mainly due to the adoption of institutional investors and the rise of Bitcoin buying instruments. These entities, including ETFs and corporate buyers, are steadily withdrawing bitcoin from exchanges, a move that is often seen as positive. "The rapid contraction of Bitcoin's circulating supply is creating the conditions for demand shocks and upside volatility," the report said. "Since the end of 2023, the Bitcoin balance on exchanges has decreased by about 1 million BTC. This trend is accelerating as more and more funds issue shares or bonds to buy Bitcoin to facilitate further absorption of existing supply.
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Analyst: The Federal Reserve (FED) will indicate no intention to break the deadlock in the short term.

Jin10 data May 7 news, U.S. Treasury and Eurozone government bond yields changed little in early trading as investors remained cautious ahead of the Federal Reserve policy meeting. The Federal Reserve is expected to keep interest rates unchanged in Wednesday's decision, and due to the recent strong U.S. economic data, it is unlikely to signal a rate cut in the coming months. KBC bank analysts stated in a report: "The Federal Reserve is expected to maintain stable interest rates and has no intention of breaking the deadlock in the short term."
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A new trend has emerged! American tech giants have joined forces to establish the "Lonely Mountain" bank, targeting the Crypto Assets and AI markets.

After the collapse of Silicon Valley Bank (SVB), there has been a new gap in the demand for financial services in the tech industry. A group of prominent tech investors, including military tech entrepreneur Palmer Luckey (known for founding Anduril Industries) and venture capitalist Joe Lonsdale (co-founder of Palantir and managing partner at 8VC), is preparing to establish a new bank named "Lonely Mountain." This bank, named after the "Lonely Mountain" in The Lord of the Rings, has officially applied for a national bank charter in the U.S., aiming to serve the niche market left by the collapse of Silicon Valley Bank and ambitiously venturing into cutting-edge fields such as Crypto Assets, defense technology, and artificial intelligence.
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Barclays Bank has prohibited its bank cards from all crypto asset transactions due to volatility risk.

According to Gate News bot, The Daily Hodl reported that Barclays, a banking giant in the UK, stated in a new article that due to the Fluctuation in crypto asset prices and their status as uninsured assets, the bank will prohibit all transactions related to digital assets on its proprietary payment cards starting from June 27.
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Turkey's central bank keeps interest rates unchanged and will cut them if the outlook allows

According to Gate News bot, as reported by Bloomberg, the Central Bank of Turkey has kept the Benchmark Interest Rate unchanged, while hinting that if inflation continues to decline and geopolitical risks ease, the Central Bank may cut rates. The monetary policy committee, led by Governor Fatih Karahasan, maintained the weekly repo rate at 46%, which is in line with the expectations of all economists in the Bloomberg survey.
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The U.S. Department of Justice has determined that the closure of the Kansas bank is related to a $225 million eyewash seizure case.

Gate News bot message, according to the lawsuit filed on Wednesday, a banker in Kansas robbed millions of dollars from his small-town bank in 2023, leading to the bank's collapse, and during a record-breaking raid by the U.S. Department of Justice, most of his funds were stolen by overseas Crypto Assets scammers.
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Analyst: The tariff debate has had a serious impact on the US dollar.

Jin10 data, June 12 - Felix Brill, Chief Investment Officer of VP Bank, stated that the tariff debate has had a severe impact on the US dollar. Investors have turned to favor European investments, which is beneficial for the euro. After a significant decline in the dollar, technical analysis indicates that the dollar will experience a consolidation. Given the high trade deficit in the US, the trade-weighted dollar is severely overvalued and susceptible to further depreciation. This deficit is closely related to the record levels of external debt. The higher the external debt, the harder it becomes to obtain additional funding. "Correcting this imbalance requires more attractive prices for US assets, which is primarily achieved through dollar depreciation," Brill said.
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Analysts: The European Central Bank's interest rate cuts and spending plans may boost European stocks.

Jin10 data reported on June 5, analysts at Quintet Private Bank, Antonucci, stated in a report that as the European Central Bank continues to cut interest rates, European stock markets may rise. The European Central Bank cut interest rates by 25 basis points on Thursday, bringing the deposit rate down to 2.0%, in line with market expectations. Antonucci noted that plans to increase defense and infrastructure spending could also boost European stock markets.
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The BSC Foundation spent $25,000 each to buy MYX/BANK/LISTA /GM in the past 5 minutes.

Odaily News According to AI Aunt's monitoring, the BSC Foundation spent $25,000 each in the past 5 minutes to buy MYX/BANK/LISTA/GM.
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Bank of Japan officials: No major adjustments needed for the current Bank of Japan's bond purchase reduction plan.

Jin10 data, May 22 - Japanese Central Bank board member Asahi Noguchi stated that he personally believes there is no need for significant adjustments to the current Japanese Central Bank's bond purchase reduction plan. The Japanese Central Bank can take enough time to reduce its balance sheet, which is beneficial for market stability. Regarding the reduction plan starting in April 2026, we need to conduct a prudent assessment from a longer-term perspective.
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The Bank of England lowers CPI expectations.

Jin10 reported on May 8th, the Bank of England: predicts the CPI one year from now to be 2.4% (February prediction was 3%). The CPI two years from now to be 1.9% (February prediction was 2.3%). The CPI three years from now to be 1.9% (February prediction was 1.9%).
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JPMorgan Kinexys collaborates with eight banks in the Middle East and North Africa on Blockchain.

According to the Gate.io News bot, TheBlock reported that JPMorgan's blockchain division Kinexys (formerly known as Onyx) signed a cooperation protocol with eight banks in the Middle East and North Africa (MENA). The cooperating banks include Qatar National Bank, Saudi National Bank, First Abu Dhabi Bank, Emirates NBD, Dubai Commercial Bank, Bank ABC, and two banks whose names have not been disclosed. According to the protocol, these eight banks will deploy the Kinexys platform to optimize cross-border payments, fund management, and trading operations.
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Deutsche Bank partners with Bitpanda to develop encryption custody services, scheduled to launch in 2026.

According to the Gate News bot, Bloomberg reports that Deutsche Bank AG is developing digital asset custody services and plans to launch them in 2026. Deutsche Bank has selected Bitpanda Technology Solutions as its technology partner to assist in building the custody system. Insiders reveal that the project is led by Germany.
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Circle applies to establish the first Digital Money trust bank in the United States.

According to Gate News bot, Reuters reported that stablecoin issuer Circle has submitted a trust bank license application to U.S. regulators. Circle plans to establish a national trust bank in the United States, named First National Digital Currency Bank, N.A. Once the application is approved, the bank will have custody rights for reserves.
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European Central Bank Governing Council Member Villeroy: The European Central Bank has successfully normalized its policy.

Jin10 reports that European Central Bank Governing Council member Villeroy: The European Central Bank has successfully normalized its policies, and both the policies and inflation are currently within favorable ranges. Being within a favorable range does not mean that the European Central Bank will remain unchanged; we will pragmatically advance the interest rate issue based on data flow and remain flexible when necessary.
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Sygnum Bank executives say the value of memes comes from social influence.

According to Martin Burgerr, chief customer officer at Sygnum Bank, meme coins may only be a small part of the cryptocurrency ecosystem, but in the digital age, they represent something much bigger. In an interview with CNBC host Dan Murphy, Burgherr described the meme coin as a "tokenization of attention" and noted that its value lies not in its fundamentals, but in the social capital it creates.
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The Bank of Japan plans to conduct its own wage condition survey, which can serve as a reference factor for policy decisions.

The Bank of Japan plans to conduct its own wage rise survey to obtain data from small and medium-sized enterprises, which will become part of its quarterly short-term economic outlook survey. The results of the independent survey may affect the Central Bank's decision to raise or lower the Interest Rate.
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Circle applies to establish a national Digital Money bank, focusing on the custody of USDC and tokenization assets.

Gate News bot message, Reuters reported that stablecoin company Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish the "First National Digital Currency Bank, N.A." national trust bank. This application is one of the supporting measures for Circle's IPO plan. After obtaining the license, Circle will have the autonomous custody rights of USDC reserves.
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The Central Bank of Kazakhstan is working to establish Bitcoin and encryption reserves.

According to Gate News bot, Bitcoin Magazine reported that the President of the Central Bank of Kazakhstan stated that they are working to establish Bitcoin and encryption reserves.
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Swiss Central Bank: Researching various methods for settling tokenized assets with central bank currency.

Golden Finance reports that the Swiss Central Bank is researching various methods for settling tokenized assets with central bank currency.
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Bhutan bets on encryption payments to boost local tourism economy

Gate News bot reports that, according to CoinDesk, Bhutan is fully promoting the development of Crypto Assets - not only to modernize its financial system but also to attract high-value tourists from around the world and create a digitally resilient economy.
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The Central Bank of South Korea suspends its CBDC pilot and shifts to a stablecoin project for the banking sector.

Gate News bot news, according to Maeil Business Newspaper, the Central Bank of Korea has suspended its CBDC project ahead of the second round of testing. The reasons for the suspension include an increase in the number of complaints from participating banks and more discussions about the won stablecoin. Currently, KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, IBK Compan
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European Central Bank President Lagarde: The Central Bank has the ability to respond to "exceptionally high" economic and political uncertainty.

Gate News bot news, European Central Bank President Lagarde stated that the European Central Bank has the ability to cope with "exceptionally high" economic and political uncertainty. Lagarde mentioned that the inflation rate in the Eurozone will stabilize around the target of 2%, while the risks to economic growth still lean to the downside.
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Japan's PMI rebounded, indicating that the U.S. will intensify measures ahead of the tariff increase.

Gate News bot message, Japan's manufacturing activity expanded for the first time in over a year in June, which may be a sign of increased production ahead of the U.S. raising tariffs next month.
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Japan's PMI rebounds, indicating that the U.S. will ramp up before the tariff increase.

According to Gate News bot, Bloomberg reported that Japan's manufacturing activity expanded for the first time in over a year in June, possibly to increase output ahead of the U.S. raising tariffs next month.
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JPMorgan Chase applies for the "JPMD" trademark, laying out a strategy in the digital asset Financial Service sector.

Gate News bot message, recently, JPMorgan Chase Bank, N.A. submitted a "JPMD" trademark registration application to the United States Patent and Trademark Office (USPTO). The application covers multiple digital asset-related business categories, including digital asset trading, exchange, transfer, and payment services. Specifically involves the field of digital assets such as virtual digital currencies, payment tokens, decentralized application tokens, and blockchain currencies. In addition, the scope of application also includes traditional financial services such as electronic fund transfers, securities brokerage, real-time token trading, custodial services, and secure online financial transactions. Source of information: Wu Shuo
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Deutsche Bank is considering the issuance of its own stablecoin or joining an industry-leading stablecoin program.

Gate News bot news, Deutsche Bank's digital asset chief Sabih Behzad stated that the bank is actively exploring the stablecoin business. Behzad confirmed that the bank is still in the decision-making phase, weighing two main options: issuing its own stablecoin or joining an industry-leading stablecoin program. Both options will become part of a broader digital asset strategy aimed at improving cross-border payment efficiency and modernizing traditional banking infrastructure.
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Dubai launches the Middle East's first tokenization real estate investment platform Prypco Mint

Gate News bot reported that the Dubai Land Department (DLD) launched what is said to be the first tokenized real estate investment platform in the Middle East, "Prypco Mint". The program is implemented in partnership between Prypco and Ctrl Alt and is supported by the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation. Zand Digital Bank has been designated as a banking partner in the pilot phase.
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StraitsX issues Singapore Dollar stablecoin XSGD on the XRP Ledger.

Gate News bot message, encryption infrastructure provider StraitsX announces the issuance of the Singapore dollar stablecoin XSGD on the XRP Ledger. This stablecoin is fully backed by reserves from DBS Bank and Standard Chartered, aimed at meeting the demand for regulated multi-chain stablecoins in the cross-border payment sector. According to CoinDesk, StraitsX plans to launch a programmatic payment and merchant settlement solution for institutions in June, aimed at enterprise payments and compliance processes.
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Ripple has added two new payment system clients in the UAE.

Gate News bot message, Ripple announced a partnership with two institutions in the UAE, Zand Bank and Mamo, which will adopt Ripple's Blockchain cross-border payment system for fund Settlement. Ripple has previously obtained a license from the Dubai Financial Services Authority (DFSA), allowing it to conduct digital asset related payment operations locally. Source: Wu Shuo
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European Central Bank Board Member Stournaras: It seems that the European Central Bank will continue to cut interest rates.

Golden Finance reports that European Central Bank committee member Stournaras stated that it seems the European Central Bank will continue to cut interest rates.
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The institutional staking platform Colossus Digital received an investment of 1 million euros from SBI Ven Capital.

The institutional staking platform Colossus Digital has received an investment of 1 million euros from SBI Ven Capital, with the funds used to launch its institutional encryption platform, connecting regulatory custodians with validators.
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The institutional stake platform Colossus Digital has completed a financing of 1 million euros, with SBI Ven Capital providing the funds.

Colossus Digital has secured a €1 million investment from SBI Ven Capital, which will be used to launch its institutional encryption platform that connects regulated custodians with validators for stake and governance.
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Deputy Governor of the Bank of Japan: The Central Bank is facing challenges from unconventional easing tools.

On June 7, Jin10 reported that Bank of Japan Deputy Governor Masayoshi Amamiya stated on Saturday that the unconventional monetary easing policies adopted by central banks around the world after the 2008 financial crisis are posing challenges for global central banks. Amamiya remarked that, theoretically, central banks can print unlimited money to finance government debt, which raises subtle doubts about their large-scale bond purchases aimed at stimulating the economy. In his speech, Amamiya stated: "The key to determining whether it constitutes monetary financing lies in whether monetary policy is constrained by fiscal considerations."
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Sun Yuchen disclosed the latest developments in the FDT fraud case: over $500 million in funds have flowed into several banks in Dubai.

Gate News bot message, Sun Yuchen announced the latest developments in the First Digital Trust (FDT) and AR fraud cases. It has been revealed that Christian Alexander Boehnke De Lorraine Elbouef, Vincent Chok, Yai Sukonthabhund, Matthew William Brittain, and Cecilia Teresa Brittain are involved. More than $500 million in funds were transferred to several banks in Dubai, including Mashreq Bank, ADIB, Emirates NBD, and EFG, via Hong Kong FDT and Legacy Trust. Sun Yuchen calls on the Dubai government, regulatory authorities, and banks to take action to freeze relevant funds and report, while emphasizing that Dubai should not become a safe haven for fraud and money laundering. Source: Wu Says
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