Ripple (XRP) has outperformed Bitcoin (BTC) and most altcoins in the last 5 months after a staggering 414% gain. Its market capitalization has also ballooned from $28 billion to $181 billion, to rank as the third-largest cryptocurrency. XRP’s rally started after the November 5 elections, which paved the way for friendly crypto policies under the
Dominating the $2.3 trillion crypto market, Bitcoin smashed a new all-time high (ATH) price record in the early hours of trading today UTC. It hit $124,128 before declining 2.1% to its current price of $121,100. The achievement has reignited speculation that a long-anticipated post-halving bull run may finally be underway. Investor interest has expanded beyond Bitcoin, spilling into major altcoins and the best meme coins . Over the past year, assets like XRP, TRON, Solana, Sui Network, Pepe, Trump, SPX6900, and FartCoin have each set new price records. U.S. policymakers further boosted sentiment recently when they took major steps toward cohesive crypto regulation. Just four days after BTC’s milestone, on July 18, President Trump signed the GENIUS Act, the nation’s first comprehensive stablecoin law. Meanwhile, the SEC rolled out “ Project Crypto ,” a sweeping initiative to modernize securities laws and deliver long-awaited regulatory clarity for digital assets. With optimism running high, we take a look at how these high-performing altcoins could soon retest or surpass their historical peaks. Ripple (XRP): Ripple’s Signature Crypto Eyes New Price Highs Amid Growing Global Recognition Ripple’s XRP ($XRP) hit a fresh record of $3.65 on July 18, the day the GENIUS Act became law, eclipsing its 2018 peak of $3.40. Since then, it has eased to roughly $3.22, about 11% down from its historic peak. XRP remains a favorite for long-term investors thanks to its ability to facilitate fast, inexpensive cross-border payments without relying on traditional, slow-moving systems like SWIFT. Its competitive advantage has drawn notice from high-profile entities, including the United Nations Capital Development Fund and the White House. In March, Ripple CEO Brad Garlinghouse was one of just two crypto executives invited to a presidential summit on digital assets. A pivotal win came in 2023 when a U.S. court ruled that retail sales of XRP did not breach securities laws, effectively ending a lengthy SEC battle and restoring market confidence. In the last 12 months, XRP’s value has surged 459%, far outpacing Bitcoin’s 99% gain. A bullish flag formation from January to April broke upward in June, and momentum is holding. Over the past week, XRP has climbed 7.6%, topping Bitcoin’s 5.4% rise despite the latter achieving an ATH. With its relative strength index (RSI) uptrending from 56 and price consolidating near its 30-day moving average at $3 at the start of August, the charts suggest a push toward $4 could happen as soon as September. Sei ($SEI): Can This High-Performance Layer 1 Crypto Post a 9-Month Price High? Launched in 2023, Sei ($SEI) boasts it is “at the pinnacle of high-speed blockchain platforms.” It utilizes a specialized consensus mechanism called Tendermint , which prioritizes low-latency, high-throughput transactions, making it validate blocks in 6 seconds, half the time of Ethereum. This makes it attractive for developers looking to build decentralized exchanges, DeFi protocols, and NFT marketplaces where speed and price fairness are crucial. While the race for “fastest chain” is crowded, Sei’s infrastructure-first approach and its backing by prominent venture firms indicates a lofty ambition to become the default settlement layer for on-chain trading activity. In the last seven days, Sei has surged 17% to hit a price of $0.3469, outperforming both Bitcoin and XRP along the way. The intraweek price surge is down to support from MetaMask , a bullish indicator that Sei’s ecosystem is growing. Sei hit an ATH of $1.14 in mid-March last year, which it has since pulled away from by about 69.6%. Still, Sei’s focus on delivering high-quality tech, along with increasing market appetite for altcoins that can outperform Ethereum, are strong indicators that it could be primed for a run soon. It’s likely to face resistance at $0.50 but once cleared, a run up to its December 2024 high of $0.71 is not inconceivable before the end of the year. OKB ($OKB): Price Surged 170% in Intraday Trading as OKX Team Executes Massive Crypto Burn OKB ($OKB) is the native utility token of OKX, one of the world’s largest cryptocurrency exchanges by trading volume. Just yesterday, it surged 170% in intraday trading to hit an ATH of $135.32, after months of trading sideways. This was thanks to the OKX team executing a $7.6 billion $OBK token burn and announcing a major upgrade With this robust upgrade, we’re building the world’s most interoperable, accessible & compliant onchain ecosystem — and XLayer is the OS powering it all. https://t.co/d09izmHx5I pic.twitter.com/jH16wrK839 — OKX (@okx) August 14, 2025 Launched in 2019, OKB underpins a loyalty and rewards ecosystem that offers holders fee discounts, passive income opportunities, and access to exclusive trading events. The token also fuels OKX’s “Jumpstart” platform for new project launches, and holders can use it for payment across an expanding list of partner merchants. Periodic “buy-back and burn” programs reduce circulating supply, a strategy aimed at long-term value support. However, in the near term, OKB will struggle to maintain its current price of $102.11. That’s because the token is due for a correction. While it could still consolidate at a price significantly higher than it’s $2024 peak of $72.22, there will be a lot of traders taking profits from this overnight run. Its RSI is cooling from a way overscorched 92, which suggests the token is vastly overvalued right now, placing significant sell pressure on holders. Still, it’s likely any subsequent crash will bottom out around $70, where the token enjoys strong support. Bitcoin Hyper ($HYPER): A Meme-Powered Layer 2 for Bitcoin Among the newest presale projects, Bitcoin Hyper ($HYPER) has turned heads as the first Layer 2 network for Bitcoin that blends scalability tech with meme-driven viral marketing and community-building appeal. Its mission is to accelerate BTC transactions, expand use cases, and maintain an approachable, community-led ethos. The presale has already surpassed $9.4 million in funding, with some market watchers predicting potential 10× returns post-launch or higher. Powered by the Solana Virtual Machine (SVM), Bitcoin Hyper brings lightning-fast smart contracts to Bitcoin without the burden of slow speeds or costly transaction fees. Its Canonical Bridge technology enables near-instant BTC transfers on its custom Layer 2 chain, while ultra-low gas costs open the door for dApps, meme coins, and payment platforms. A recent Coinsult audit found zero smart contract vulnerabilities, strengthening investor trust. The $HYPER token fuels the ecosystem, covering staking rewards, fees, and exclusive platform perks. Early presale contributors can earn yields up to 115% annually and gain voting rights on future project developments. Visit the official presale website or follow Bitcoin Hyper on X and Telegram for more information. Click Here to Participate in the Presale The post Crypto Price Prediction Today 14 August – XRP, Sei, OKB appeared first on Cryptonews .
China’s sophisticated AI DeepSeek predicts that XRP, Pepe, and Shiba Inu could deliver standout gains in the months ahead, potentially setting up a nice Christmas for HODLers. Market signs seem to support that view. Today, Bitcoin hit a new all-time high (ATH) of $124,128, exactly one month after its previous historic peak of $122,838, suggesting bullish momentum is stirring. On the policy front, President Trump last month approved the GENIUS Act, the first federal framework requiring stablecoins to be fully backed by reserves. Soon after, the U.S. Securities and Exchange Commission rolled out Project Crypto , a major modernization plan for securities regulation aimed at clearing up long-standing ambiguities in digital asset oversight. Together, these developments show the administration’s intent to follow through on its pledge to make America the global hub for blockchain innovation. With optimism building, some analysts expect the next gold rush across meme coins and altcoins could top 2021’s heady highs, led, if DeepSeek is correct, by XRP, Pepe, and Shiba Inu. XRP (Ripple): DeepSeek AI Model Predicts 3× Gains, Possibly Hitting $10 by December DeepSeek’s AI models suggest XRP ($XRP) could climb toward $10 before the end of 2025, more than tripling its current $3.12 price tag. XRP’s momentum has been strong. On July 18, it reached $3.65, beating its 2018 record of $3.40, before retracing about 14%. Still, the token has posted a 9% advance on last month, outperforming Bitcoin, which has remained static after falling 4.2% from its ATH over the last few hours. Global recognition for Ripple’s payment technology has been growing. In 2024, the UN Capital Development Fund named XRP a top contender for efficient international transactions. Ripple also closed a multi-year legal battle with the SEC this year after regulators dropped their case, cementing a key 2023 court decision that retail XRP sales are not securities. Should XRP reclaim its ATH and break higher, DeepSeek believes $5 is easily achievable, with $10 possible in a sustained bull market. Technical metrics are also promising: RSI is trending higher from 56, indicating increased buying. Over the past year, XRP has soared 452%, outpacing Bitcoin’s 95% and Ethereum’s 76% rallies. Pepe ($PEPE): Meme Coin Heavyweight Could Jump 6× Before Year-End Debuting in April 2023, Pepe ($PEPE) has rapidly become one of the top three meme cryptocurrencies, now boasting a $4.8 billion market cap and leading all non-dog-themed meme tokens. Despite fierce rivalry in the meme sector, Pepe’s active community and deep liquidity keep it competitive. Elon Musk has hinted at holding Pepe alongside Dogecoin, occasionally teasing fans with subtle nods on X, including a brief stint using a Pepe avatar. Trading at $0.00001133, Pepe has gained 5% over the last seven days, outperforming Bitcoin. A 6% dip over the past 24 hours mirrors corrections across other meme leaders, with DOGE falling 5% and the entire sub-sector shedding 4% of its value to command a collective market cap of $77.3 billion. DeepSeek estimates a year-end target of $0.00005, just under five times the current price, well above its previous high of $0.00002803 set late last year. A descending wedge pattern on its chart, typically a bullish setup, between November and March, hints at a breakout. If market conditions remain favorable, Pepe could even exceed DeepSeek’s baseline forecast before 2025 begins. Shiba Inu (SHIB): Ethereum’s Most Handy Meme Coin Could 76× in a Bull Run, according to DeepSeek AI Launched in August 2020, Shiba Inu (SHIB) has cemented its place as Dogecoin’s largest rival, with a market capitalization of roughly $7.7 billion. Currently priced near $0.00001312, SHIB is edging out of two notable bullish setups, a bullish falling wedge and a flag pattern formed earlier this year. If it breaks resistance around $0.000025, DeepSeek projects a move into the $0.0003–$0.001 range, representing potential 23× to 76× gains. The RSI is climbing from 42, pointing to rising buying interest. Token burns are also accelerating scarcity: over the course of one week last month, over 1.3 billion SHIB were destroyed, spiking the burn rate above 2,000%. Beyond its meme roots, Shiba Inu now features the Shibarium Layer-2 network, designed to enhance scalability, cut transaction costs, and support decentralized applications. The coin has also added privacy features in a bid to enhance utility and make it a standout among meme coins. Maxi Doge Presale Nears $1M as Hype Grows Around Potential 100× Play For those chasing high-risk, high-reward meme plays, presales could yield potentially more substantial upside than the multibillion coins under analysis by DeepSeek AI. Maxi Doge (MAXI) , a Dogecoin-inspired newcomer, has already drawn over $904,000 just days after launch. Running on Ethereum’s ERC-20 standard, MAXI emphasizes community building through active social channels, trading competitions, and promotional partnerships. A quarter of its total 150.24 billion token supply is set aside in the “Maxi Fund” for marketing and collaborations. Stakers can currently earn up to 318% APY—though rates will decline as more participants join. Priced at $0.000252 during its current presale stage, the token will increase in price in under 48 hours as it enters the next round, giving early buyers extra value before listing. Interested investors can purchase via the Maxi Doge website using wallets like MetaMask or Best Wallet . Follow Maxi Doge on X and Telegram to keep up to date with developments. Click Here to Participate in the Presale The post China’s DeepSeek AI Predicts the Price of XRP, Pepe and Shiba Inu by the End of 2025 appeared first on Cryptonews .
Ethereum has soared past $4,300, an all-time high since late 2021, as momentum builds behind a long-awaited breakout.
A coordinated series of on-chain alerts flagged roughly $48 million in unusual transfers tied to Turkish exchange BtcTurk late today. The activity hit seven networks, Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle and Polygon, and concentrated into two destination addresses. ALERT$48M worth of digital assets have been detected in unusual activity across multiple chains involving Turkish exchange @btcturk About 30 minutes ago, our system detected multiple alerts across $ETH , $AVAX , $ARB , $BASE , $OP , $MANTLE , and $MATIC networks. Most funds were… pic.twitter.com/ss4a7O2hUd — Cyvers Alerts (@CyversAlerts) August 14, 2025 The pattern reads like a hot-wallet compromise . Alerts fired. Big outbound transactions appear on multiple chains. Most assets flowed to the same two addresses, then began changing form. Chain sleuths watching in real time report the attacker is actively swapping tokens for ETH. BtcTurkKripto confirmed an issue. The exchange posted that “Due to a technical issue in hot wallets, cryptocurrency deposit and withdrawal functions were temporarily suspended. When the issue is resolved, cryptocurrency deposit and withdrawal functions will be reactivated. Trading operations and Turkish Lira deposit/withdrawal transactions continue uninterrupted.” Customers still see spot trading and fiat rails working, but hot-wallet services are paused while the team investigates. Update: BtcTurk ( @btcturk ) was hacked for more than $48M! The hacker is swapping the stolen assets for $ETH . Address: 0x0fe41fe8786329fb6bd8f2baa73aa55e770f0951 0xa041feb3a8297c5689fee180083164a061a17fd6 0x7D91D1ebeBA91257733a523409125aEdac5d8b6E https://t.co/GYJhhdA1ra pic.twitter.com/zzkIG2C25L — Lookonchain (@lookonchain) August 14, 2025 Token On-Chain Trails Who’s moving what? The on-chain trail shows a basket of major and layer-2 assets. Here’s a quick price snapshot from CoinMarketCap at reporting time: ETH — ~$4,692 AVAX (Avalanche) — ~$24.11. ARB (Arbitrum) — ~$0.53. OP (Optimism) — ~$0.78. MNT (Mantle) — ~$1.11 MATIC / POL (Polygon) — ~ $0.24. Those tokens moved in slices across chains. The attacker then routed many of them through swaps and liquidity paths that end in ETH — a common laundering tactic because ETH offers deep liquidity on DEXs and easier aggregation. Lookonchain’s thread documents swaps and shows the piecemeal conversion into ETH. Why this matters now: converting to ETH lets an attacker fragment value across pools and DEX routes, then layer transfers through many addresses or services. That increases the chance of slipping funds into privacy rails or into centralized platforms that may be harder to freeze unless quickly alerted. Rapid cross-chain movement also raises the chance some portions slip out of easy reach. What BtcTurk users should know: deposits and withdrawals from hot wallets are paused. Trading and Turkish-lira operations continue. Check only official BtcTurk announcements for status updates. Do not follow unverified links or third-party instructions that claim to “fix” your account. What investigators are likely doing: security teams from major exchanges and chain-analysis firms typically coordinate fast. They try to trace the funds, identify known mixer or exchange on-ramps, and request freezes where possible. Public trackers and firms like Lookonchain and CyversAlerts are already mapping the flow; their threads present the real-time breadcrumbs. Bottom line: this is an active laundering event with clear signs of a hot-wallet compromise. $48M worth of assets moved across ETH, AVAX, ARB, BASE, OP, MNT and MATIC — most ending up in two addresses and being swapped into ETH. BtcTurk has paused crypto deposits/withdrawals while it investigates and promises to restore services once secure. Stay on official channels and avoid panic moves; withdrawals to cold storage remain the safest long-term option for non-trading funds. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Citigroup plans to offer crypto asset custody services, expanding into the crypto market. Regulatory clarity enables Citigroup's custodial services and stablecoin creation. Continue Reading: Citigroup Ventures into Cryptocurrency, Expanding Services The post Citigroup Ventures into Cryptocurrency, Expanding Services appeared first on COINTURK NEWS .
Bitcoin may set the tone for the market, but it’s not the only asset attracting serious attention this year. Many of the biggest opportunities for outsized gains are coming from altcoins with strong fundamentals, active ecosystems, and catalysts that could trigger substantial upside. As traders look beyond Bitcoin for the next breakout candidates, Ethereum, XRP and Toncoin are consistently appearing on analysts’ buy lists. Ethereum Ethereum remains the backbone of decentralized finance, NFTs, and smart contract innovation. The current Ethereum 2.0 updates have eased the gas a lot and also enhanced the scalability which are some of the major challenges that ETH network is facing. Solutions within the L2 sector – such as Arbitrum and Optimism – are also attracting additional users with cheaper and faster transactions . Institutional uptake is picking up pace, with ETFs and mega-partnerships fulfilling the status of Ethereum as a blue – chip crypto. Being the most popular platform among the developers, ETH will continue to become the main asset of those who plan to take part in the great market rally. XRP XRP has re-entered the spotlight following regulatory clarity in its case against the SEC. With that hurdle cleared , Ripple is focusing on expanding its global payment network, RippleNet, which enables fast, low-cost cross-border transactions. Financial institutions are already adopting it in various parts and the layers of infrastructure have been supplied to it to go wider. Among the most interesting altcoins, which investors can consider, XRP would be one of the rare ones that combine an established utility and new activities levels. While established leaders like Ethereum and XRP provide stability, some of the highest percentage gains historically have come from early-stage projects just before their breakout moments. MAGACOIN FINANCE is drawing attention for showing patterns similar to ETH and XRP in their formative stages – rapid community growth, limited early supply, and consistent sellouts in funding rounds . The project’s roadmap includes utility-driven features designed to support long-term adoption, rather than relying on hype alone. For traders looking to position ahead of a potential Q4 surge, MAGACOIN FINANCE is increasingly seen as a strategic addition alongside more established assets. Toncoin Toncoin’s unique advantage lies in its deep integration with Telegram, one of the largest messaging platforms in the world. By embedding blockchain functionality directly into an app used by hundreds of millions, TON lowers the barrier to entry for new crypto users . Features like in-app payments, DeFi tools, and NFT marketplaces are already live or in development, potentially bringing Web3 capabilities to a massive mainstream audience. This ease of access and built-in user funnel give TON a distinct growth path that few other projects can match. Conclusion Ethereum, XRP, Toncoin, and Sei each bring unique strengths to the table – from established networks to emerging adoption models. Such balance (by the means of pairing them with early stage plays such as MAGACOIN FINANCE) enables one to capture the savour of two worlds in one, having both the low volatility and the huge upside potential . As market sentiment is already improving and new money is getting into altcoins – the next breakout could be well rewarding systematic positioning prior to the crowd. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance
Bitcoin tightens, but it no longer dominates. Dominance just dropped to a six-month low. Money is shifting. Alts are running faster. Ethereum leads. New, crypto-friendly regs loosen the path for institutions and funds. That opens wallets, ETFs, and custody flows. The result is capital rotating into ETH and other majors. The dominance chart printed its first monthly bearish cross since January 2021. That cross mattered before. In 2021, it prefaced four months of alt strength. If the pattern repeats, markets could see an “up-only” stretch into December 2025. Bitcoin dominance hits 6-month low Altcoin market growth is beginning to outpace #Bitcoin , fueled by renewed strength in #Ethereum following the introduction of crypto-friendly regulations that support broader global adoption. pic.twitter.com/WeoIWW5bVx — CryptoRank.io (@CryptoRank_io) August 14, 2025 Bitcoin still makes headlines. It logged a fresh all-time high this week, pushing prices into the mid-$124k range. The breakout tightened the narrative: BTC rallies, institutions cheer, and headline flow accelerates. From the August 3 low of $111,982, Bitcoin has bounced more than 9%, a clean reward for dip buyers. Some analysts now voice targets as high as $200,000 by year-end. SpaceX’s crypto position sits at the center of the story. Arkham’s on-chain tracking ties an address to SpaceX that holds 8,285 BTC. After the recent ATH, that stash crossed the $1 billion mark. The math is simple. SpaceX bought between December 31, 2020, and June 10, 2022. BTC traded near $30k when the firm last reshuffled. Today, at six-figure prices, that position has climbed more than 300% in value and now reads roughly $1.02 billion on the books. Arkham’s record also shows the company moved 17,314 BTC into Coinbase Prime across late May to early June 2022, a transfer market watchers treat as a past sell or custody reallocation. Three weeks ago the wallet moved 1,308 BTC to a new address labelled “bc1q8,” but Arkham flags that move as a relocation, not a liquidation. The coins remain on-chain and unsold. Musk’s Tesla Still Holds Bitcoin Position Tesla rounds out the Musk crypto picture. The carmaker still holds 11,509 BTC. At today’s prices that stake sits in the low-to-mid-billion range, bringing Elon-linked corporate BTC to roughly $2.4 billion combined. Arkham and corporate filings show the pair bought their positions at an average price near $32,000. That cost basis amplifies the unrealized gains on their balance sheets and normalizes the idea of corporate crypto allocation for other firms. Elon Musk’s SpaceX #Bitcoin Holding Exceeds $1B Amid $BTC Rally to New All-Time High. The SpaceX Bitcoin holding has surpassed $1 billion following the cryptocurrency’s rally to a new record high. Data from Arkham highlighted this, as SpaceX’s diamond hand continues to pay off.… pic.twitter.com/vQwdy6pZG2 — TheCryptoBasic (@thecryptobasic) August 14, 2025 Token data points punctuate the move. CoinMarketCap shows Bitcoin trading with a multi-trillion dollar market cap and Ethereum moving higher on the rotation. Quick drops matter. When a token is named, toss a snapshot. BTC: price in the six figures, market cap in the trillions. ETH : price in the low-to-mid thousands, market cap in the hundreds of billions, flows and yield chase now tilt toward smart-contract collateral and ETFable infrastructure. Why this feels structural: three forces line up. First, regulatory clarity in several jurisdictions reduces frictions for big money. Second, corporate treasuries with “diamond hands” sit on huge unrealized profits and show no intent to sell. Third, a bearish cross on BTC dominance signals rotation, not rejection. The net effect is broader market participation. Assets that were once niche now sit on institutional radars. Early entrants reap gains. Late entrants chase performance. What to expect next. Volatility stays high. Rotations accelerate. Ethereum, Solana, Avalanche and other majors can run hard while BTC consolidates at new highs. If the 2021 pattern holds, altcoins could enjoy multi-quarter upside that stretches into late 2025. That does not mean smooth sailing. Pullbacks and headlines will yank price action daily. But the macro setup leans bullish: clearer rules, corporate HODLers, and fresh capital seeking growth beyond a single coin. Quick facts: Bitcoin dominance at a six-month low with a monthly bearish cross; BTC ATH this week near $124k; SpaceX holds 8,285 BTC (~~$1.02B); Tesla holds 11,509 BTC (~~$1.4B); combined Musk firms sit on roughly $2.42B in Bitcoin at an average buy-in near $32k. The market is no longer a one-horse race. Bitcoin still leads the parade. But altcoins now sprint beside it. Institutions and corporate treasuries are watching. December 2025 looks set to be a defining checkpoint, and right now the tape favors a broad, multi-asset rally. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Citigroup is exploring a major expansion into the digital asset space, with plans that could put the $2.57 trillion banking giant at the center of stablecoin custody, crypto ETF infrastructure, and blockchain-based payments. Speaking to Reuters, Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services division, said the bank is looking at providing custody for the high-quality assets that back stablecoins. Citi’s Stablecoin Plans Could Reshape Digital Asset Payments and Settlement Under the GENIUS Act signed into law this year, issuers must hold safe assets like U.S. Treasuries or cash to support their tokens, creating an opening for traditional custody banks to step in. “Providing custody services for those high-quality assets backing stablecoins is the first option we are looking at,” Chatterjee said. Citi’s services arm, which includes treasury, cash management, and payments for major corporations, has been a core part of the bank even as it undergoes a sweeping restructuring. The interest comes as the stablecoin market grows beyond crypto trading into mainstream payments and settlements. McKinsey estimates about $250 billion in stablecoins have been issued, but usage is still largely concentrated within the crypto sector. Citi sees the recent legislation as a turning point. Citigroup @Citi is weighing its own stablecoin and diving into tokenized deposits, CEO Jane Fraser said during the Q2 earnings call, signaling a deeper digital pivot. #Citi #Stablecoins https://t.co/95SaJd4U7k — Cryptonews.com (@cryptonews) July 16, 2025 Citi is also considering issuing its own stablecoin, an idea CEO Jane Fraser confirmed in July during the bank’s second-quarter earnings call. “We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where we’re very active,” Fraser told analysts at the time. She said the goal was to modernize infrastructure and deliver “the benefits of advancements in stablecoin and digital assets to our clients in a safe and sound manner.” Citi’s ambitions extend beyond stablecoins. The bank is examining custody services for the crypto assets underpinning exchange-traded funds. Since the SEC approved spot bitcoin ETFs last year, the largest, BlackRock’s iShares Bitcoin Trust, has amassed a market cap of around $90 billion. “There needs to be custody of the equivalent amount of digital currency to support these ETFs,” Chatterjee noted. Coinbase currently dominates the ETF custody space, serving more than 80% of issuers. On the payments front, Citi already offers “tokenized” U.S. dollar transfers via blockchain between accounts in New York, London, and Hong Kong, operating 24 hours a day. The bank is now developing services to let clients send stablecoins between accounts or instantly convert them into dollars for payments. Chatterjee said discussions with clients are underway to identify use cases. Regulators, once cautious about traditional banks entering the crypto sector, have adopted a more accommodating stance under the current U.S. administration. Still, Citi will need to comply with anti-money laundering rules and international currency controls. Custody operations, Chatterjee stressed, must ensure assets were used for legitimate purposes before acquisition and must be backed by robust cyber and operational security. Fraser has framed Citi’s approach as a response to client needs and the broader shift toward always-on, instant settlement. “Digital assets are the next evolution in the broader digitization of payments, financing, and liquidity,” she said. “Ultimately, what we care about is what our clients want and how do we meet that need.” With $2.57 trillion in assets under custody, Citi’s entry into stablecoins and ETF crypto custody could reshape how traditional finance integrates with the digital asset economy. U.S. Banking Groups Urge Congress to Ban Stablecoin Yield Payments by Affiliates Major U.S. banking trade associations are urging Congress to bar stablecoin issuers’ affiliates from paying interest to token holders, warning it could drain deposits from banks and limit lending. U.S. bank groups seek to expand GENIUS Act limits on stablecoin interest, raising broader questions over global payments policy. #stablecoin #geniusact https://t.co/dhN9j0X3QZ — Cryptonews.com (@cryptonews) August 13, 2025 In a joint letter, the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, and Independent Community Bankers of America said the GENIUS Act’s current language prohibits issuers from offering yield but leaves a gap that allows exchanges and related entities to do so. They cited Treasury estimates that interest-bearing stablecoins could trigger up to $6.6 trillion in deposit outflows, increasing funding pressure on banks and money market funds. The groups stressed that bank deposits remain a key source for loans, while stablecoins are not designed for lending and lack equivalent oversight. They warned that joint marketing between issuers and exchanges could accelerate withdrawals in times of stress, raising borrowing costs for households and businesses. They called for extending the prohibition to all intermediaries handling stablecoin transactions. The push comes amid rapid sector growth. CertiK reports stablecoin supply rose from $204 billion to $252 billion in early 2025, with USDT dominating and USDC expanding to $61 billion. PayPal’s PYUSD doubled via a Solana integration and launched a 3.7% yield program. Coinbase and PayPal maintain their reward programs, arguing the ban applies only to issuers. Ripple CEO Brad Garlinghouse predicts the market could grow to $2 trillion , driven by institutional adoption and regulation. The post Citigroup Weighs Stablecoin and Crypto ETF Custody—$2.57T Giant Eyes Payments Push appeared first on Cryptonews .
Bitmain recently announced it would open its first BTC mining hardware manufacturing facility in the United States by the end of 2025.