Citi to Offer Bitcoin Custody for Institutional Clients Later This Year

·1 views

Citigroup is preparing to launch bitcoin custody services for its institutional clients later in 2025. The Wall Street bank will offer this through a new platform called Custody+. The service will allow institutional clients to hold bitcoin alongside traditional assets in one place. The move signals growing mainstream financial institution interest in providing crypto services to large investors.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

WLFI distances itself from WorldClaw amid questions over financial ties

World Liberty Financial (WLFI), the Trump-linked crypto project, has stated that AI platform WorldClaw operates independently. WLFI confirmed that WorldClaw uses its USD1 stablecoin as a payment rail for transactions. However, the organization declined to clarify whether it holds any equity, financing, revenue-sharing, or other economic interests in WorldClaw. The statement came in response to questions raised about the nature of the relationship between the two entities.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Miners Gain Higher Valuations by Pivoting to AI and HPC

Bitcoin miners that have diversified into artificial intelligence and high-performance computing contracts are now commanding stronger market valuations. This shift comes as declining bitcoin prices and compressed hashprice have put pressure on miners focused solely on cryptocurrency operations. Pure-play bitcoin mining operators are facing a tougher financial environment, making the AI and HPC pivot increasingly attractive. Analysts suggest that a recovery in bitcoin prices or hashprice could potentially revive interest in traditional mining operations.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Global Bond Yields Hit Multi-Decade Highs Amid Surging U.S. Debt Concerns

Long-term government borrowing costs worldwide are climbing to levels not seen in decades, putting pressure on financial markets. The surge comes as U.S. national debt closes in on the $40 trillion mark, raising investor concerns about fiscal sustainability. At the same time, major AI-focused technology companies are issuing large volumes of corporate bonds, adding further upward pressure on yields. Rising yields are testing bitcoin's reputation as a safe-haven hedge, as investors reassess risk across asset classes.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Metaplanet to launch US Bitcoin treasury firm via $135M nanocap deal

Japan's Metaplanet is establishing a US-based Bitcoin treasury company through a deal valued at approximately $135 million. The transaction involves Metaplanet contributing 2,100 bitcoin along with $2.5 million in cash. The combined value of this initial investment is estimated at $134.6 million. The move signals Metaplanet's strategic expansion into the US market through a nanocap vehicle structure.

0 comments Read more at CoinDesk