Coinbase Surpasses US Banking Giants with $420B in Crypto Assets
Coinbase has amassed $420 billion in customer assets under management, ranking as the 21st largest bank in the US by total assets. The crypto exchange's impressive growth and $273M profit showcase the rising dominance of digital asset platforms in traditional finance.
FDIC Releases Internal Documents Exposing Controversial Crypto Banking Restrictions
Federal regulators release 175 internal documents revealing systematic efforts to restrict banks from offering cryptocurrency services in 2022, dubbed 'Operation Chokepoint 2.0.' The disclosure prompts policy reversal as FDIC now plans to allow banks to manage crypto assets without prior approval.
SEC's Game-Changing Move: Banks Get Green Light for Crypto Custody Services
The SEC's reversal of SAB 121 marks a pivotal shift in cryptocurrency regulation, allowing U.S. banks to offer crypto custody services with reduced capital requirements. This regulatory evolution, coupled with leadership changes and industry support, signals a more accommodating approach to digital asset integration in mainstream finance.
Bank of America Signals Major Shift: Ready to Embrace Crypto Once Regulations Clear
Bank of America CEO Brian Moynihan announces U.S. banks' readiness to adopt cryptocurrencies for payments, pending regulatory clarity. The statement from America's second-largest bank marks a significant pivot in traditional banking's approach to digital currencies.
Swiss Crypto Bank Sygnum Reaches Unicorn Status with $1 Billion Valuation
Digital asset bank Sygnum has achieved unicorn status after raising $58 million in an oversubscribed funding round led by Fulgur Ventures. The Swiss-Singaporean bank manages $5 billion in assets across 60+ countries and plans expansion into Hong Kong while emphasizing regulatory compliance.