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Cointime News Wrapup-Afternoon: Gemini, Coinbase Among Bidders for Celsius Network's Assets in Upcoming Auction
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Market data shows that BTC has fallen below $75,000, currently priced at $74,991.7, with a 24-hour increase of 7.63%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC has fallen below $75,000, currently priced at $74,991.7, with a 24-hour increase of 7.63%. The market is highly volatile, so please ensure proper risk management.
Market data shows that BTC has surpassed $75,000, currently priced at $75,008.05, with a 24-hour increase of 8.12%. The market is highly volatile, so please ensure proper risk management.
Market data shows that BTC has surpassed $75,000, currently priced at $75,008.05, with a 24-hour increase of 8.12%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC has surpassed $74,000, currently priced at $74,039.58, with a 24-hour increase of 6.67%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC has surpassed $74,000, currently priced at $74,039.58, with a 24-hour increase of 6.67%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC briefly surpassed $73,000, currently priced at $72,698, with a 24-hour increase of 5.07%. The market is highly volatile, so please ensure proper risk management.
Market data shows that BTC briefly surpassed $73,000, currently priced at $72,698, with a 24-hour increase of 5.07%. The market is experiencing significant volatility, so please ensure proper risk management.
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.
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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