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Goldman Sachs has dropped its forecast that the Federal Reserve will hold rates next week, becoming the last major bank to do so. CoinDesk frames the debate as increasingly focused on Wall Street rather than inflation.
Revolut exposed Bitcoin-related activity, passports, selfies and home addresses after accepting a fraudulent government request as legitimate. CoinDesk reported that no customer funds were lost in the incident.
US Bank tested a live USBDC payment on Stellar between its North American and European entities. The internal trial examined minting, redemption and issuer controls without involving outside participants.
UniCredit is reportedly developing a crypto custody service, according to Bitcoin Magazine. The move would add Italy’s second-largest bank to a group of European institutions exploring digital-asset services, although no launch or regulatory details were provided.
August core CPI rose 0.3%, faster than forecast, heightening concern that inflation remains too persistent and raising the possibility of a Federal Reserve rate hike. The report carries added significance after Kevin Warsh’s recent warning.
UniCredit is reportedly seeking an infrastructure partner to help launch crypto trading, custody and tokenized investment products, Cointelegraph reports. The bank has not identified a partner or disclosed a launch timeline.
Sam Bankman-Fried is seeking Supreme Court review of his FTX fraud conviction. His lawyers say he was barred from arguing customers lost nothing and describe the $11 billion forfeiture as a “crushing fine.”
Sam Bankman-Fried’s lawyers asked the U.S. Supreme Court to overturn his conviction, arguing that evidence about customer losses was excluded. They also challenged his $11 billion forfeiture as excessive, Cointelegraph reported.
The Bank for International Settlements says AI is shortening the time banks have to address security flaws. It cites guidance urging institutions to accept planned downtime when urgent fixes cannot wait for routine maintenance schedules.
Monument Bank postponed its retail tokenized deposit launch while onboarding a Canadian custody partner to meet Financial Conduct Authority requirements. The London-based challenger bank now expects to roll out the service by November.
Fnality Europe has appointed former Bank of England deputy governor Jon Cunliffe, along with Jochen Metzger and Ron Berndsen, to its supervisory board as it seeks to expand beyond its sterling payment system.
Bitcoin is trading near $78,000 as markets weigh potentially underpriced macro risks. CryptoSlate points to CPI data, central-bank developments and oil-market moves as factors that could determine whether BTC breaks its current range.
Jack Dorsey’s Block has applied for a banking charter to launch Builders Bank, which would offer bitcoin custody and related fiduciary services. Bitcoin Magazine reported that the application has not yet resulted in an approved charter.
