On August 21, Citibank announced plans to provide Bitcoin custody services for institutional clients later this year through its Custody+ platform. This service will integrate Bitcoin with traditional assets such as stocks and bonds within the same custody framework, allowing clients to access custody, settlement, foreign exchange, cash, and liquidity services through a single system. Bitcoin will be the first digital asset supported by Citibank's new custody service, although the bank has not yet disclosed a specific launch date or the list of initial clients. Citibank stated that Custody+ will offer real-time settlement, foreign exchange services, automated hedging, cash management, and liquidity tools. The Single Event Processing in its custody system currently processes over 80% of events in real time; in the U.S., this system has reduced processing times for certain voluntary corporate actions by up to 92%, with 96% of related events completed within two hours. Chris Cox, head of Citi Investor Services, noted that Citi invests over $2 billion annually in its Services platform.
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Citibank Plans to Offer Bitcoin Custody Services for Institutional Clients This Year
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Citibank Plans to Offer Bitcoin Custody Services for Institutional Clients This Year
On August 21, Citibank announced plans to provide Bitcoin custody services for institutional clients later this year through its Custody+ platform. This service will integrate Bitcoin with traditional assets such as stocks and bonds within the same custody framework, allowing clients to access custody, settlement, foreign exchange, cash, and liquidity services through a single system. Bitcoin will be the first digital asset supported by Citibank's new custody service, although the bank has not yet disclosed a specific launch date or the list of initial clients. Citibank stated that Custody+ will offer real-time settlement, foreign exchange services, automated hedging, cash management, and liquidity tools. The Single Event Processing in its custody system currently processes over 80% of events in real-time; in the U.S., this system has reduced processing times for certain voluntary corporate actions by up to 92%, with 96% of related events completed within two hours. Chris Cox, head of Citi Investor Services, noted that Citi invests over $2 billion annually in its Services platform. -
BTC Surpasses $72,500
Market data shows that BTC has surpassed $72,500, currently priced at $72,510.18, with a 24-hour increase of 6.09%. The market is experiencing significant volatility, so please ensure proper risk management. -
BTC Surpasses $72,500
Market data shows that BTC has surpassed $72,500, currently priced at $72,510.18, with a 24-hour increase of 6.09%. The market is experiencing significant volatility, so please ensure proper risk management. -
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Intercontinental Exchange, Parent Company of NYSE, Considers Participation in New Funding Round for Polymarket
According to Bloomberg, Jeff Sprecher, CEO of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, stated that the company will monitor the new funding round for the prediction market platform Polymarket and will consider participation if it contributes to the funding round. Previously, Intercontinental Exchange had invested over $1.6 billion in Polymarket. -
Intercontinental Exchange, Parent Company of NYSE, Considers Participation in Polymarket's New Funding Round
According to Bloomberg, Jeff Sprecher, CEO of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, stated that the company will monitor the new funding round for the prediction market platform Polymarket and will consider participation if it aids the funding round. Previously, Intercontinental Exchange had invested over $1.6 billion in Polymarket. -
U.S. Stock Indices Open Lower, Cryptocurrency Stocks Rise
On August 20, the three major U.S. stock indices opened lower, with the Dow Jones Industrial Average down 0.71%, the S&P 500 down 0.32%, and the Nasdaq Composite down 0.45%. Cryptocurrency-related stocks rose, with Strategy up over 8%, Coinbase up over 7%, and Circle up over 5%. SK Hynix rose over 3%, with JPMorgan predicting that SK Hynix could return at least $130 billion to shareholders by 2027. Silicon carbide leader Wolfspeed fell over 10% after the company reported fourth-quarter revenue that fell short of expectations. Moderna dropped over 13%, after the stock surged over 176% the previous day. -
U.S. Stock Indices Open Lower, Cryptocurrency Stocks Rise
On August 20, U.S. stock indices opened lower across the board, with the Dow Jones down 0.71%, the S&P 500 down 0.32%, and the Nasdaq Composite down 0.45%. Cryptocurrency-related stocks rose, with Strategy up over 8%, Coinbase up over 7%, and Circle up over 5%. SK Hynix rose over 3%, with JPMorgan predicting that SK Hynix could return at least $130 billion to shareholders by 2027. Silicon carbide leader Wolfspeed fell over 10% after the company reported fourth-quarter revenue that fell short of expectations. Moderna dropped over 13%, following a surge of over 176% the previous day. -
U.S. Initial Jobless Claims at 206,000 Last Week
On August 20, the number of initial jobless claims in the U.S. was 206,000, compared to an estimate of 210,000 and a previous value of 209,000. -
U.S. Initial Jobless Claims at 206,000 Last Week
On August 20, the number of initial jobless claims in the U.S. was 206,000, compared to an estimate of 210,000 and a previous value of 209,000.
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