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Middle East Crypto Activity Triples to $350 Billion Amid Ongoing Conflict, Report Finds
Middle East crypto activity has tripled to $350 billion during the ongoing Iran conflict, the Bitcoin Policy Institute says, citing stronger demand for digital assets and continued Gulf business operations despite disruption.
CZ’s Kyrgyzstan visit highlights limits of state backing for stablecoin exits
CZ praised Kyrgyzstan’s KGST on September 5, while separate USDKG reporting points to institution-only direct redemption and UK sanctions against its issuer since May. The developments spotlight stablecoin exit-access risks.
Regulated Banking Infrastructure Seen as Key to Stablecoin Growth
Decrypt says stablecoin adoption could be limited by a shortage of trusted, regulated infrastructure. As institutional interest grows, banking support is identified as a key requirement for the sector to scale.
Bitwise’s XRP futures position highlights a 14% yield gap
CryptoSlate reports that Bitwise’s 10.8 million-XRP custody position is 97.5% offset by futures, with a 14% yield gap. CFTC categories complicate efforts to determine which market participants capture the resulting returns.
Crypto Biz: AI took a back seat as Bitcoin climbed
Rising crypto markets are bringing corporate balance-sheet strategies and institutional adoption back into focus, while Bitcoin’s climb has shifted attention away from AI-related themes.
Bitcoin Moves Above $81,000 as Demand Improves, but Options Market Remains Cautious
Bitcoin rose above $81,000 as softer rate expectations and renewed institutional demand supported crypto markets. However, options traders remain cautious, suggesting derivatives markets are not yet pricing a decisive upside breakout.
OCC Grants Provisional Charter to Blockchain Bank OpenReserve
The OCC granted blockchain bank OpenReserve a provisional charter, adding the new full-service institution to the growing group of crypto-native banks in the United States. The approval is initial and does not confirm full operations.
BIS Analysis Challenges XRP Supply-Squeeze Expectations on XRPL
A BIS-related analysis reported by CryptoSlate says one XRP Ledger transaction can authenticate thousands of datasets, allowing institutional-style usage to grow while keeping fee burns—and any resulting supply squeeze—small.
Standard Chartered Adds Spot Bitcoin and Ethereum Trading to Dubai FX Platform
Standard Chartered has added institutional spot trading for Bitcoin and Ethereum to its Dubai FX platform. CoinDesk reports that the cryptocurrencies are available through the bank’s existing eFX infrastructure used for dollar and euro trading.
Standard Chartered Introduces Institutional Spot Bitcoin and Ether Trading in the UAE
Standard Chartered has launched institutional spot trading for Bitcoin and Ether in the UAE, Cointelegraph reports. The bank said it is the first major global bank to provide this access in the region.
HashKey joins DTCC tokenization working group as first Asian crypto service provider
HashKey has joined the DTCC’s tokenization innovation working group as its first Asian crypto service provider. The group includes more than 100 financial institutions, including Goldman Sachs and JPMorgan.
Major financial institutions move to capture the $1.9 trillion stablecoin shift
Twenty-one major financial institutions, including Bank of America and Citi, are positioning themselves around stablecoins as Standard Chartered estimates the tokens could remove about $500 billion from US bank deposits by 2028.
Cardano Clears Constitutional Committee Renewal Thresholds by 0.18%
Cardano’s constitutional committee renewal vote passed key thresholds by a 0.18% margin. CryptoSlate reported that non-participating SPO stake weighed against renewal, even though it was not recorded as an explicit “No” vote.
XRP Funds Record $170 Million in 11 Straight Sessions as Goldman Leads Institutional Holders
Spot XRP funds have attracted $170 million across 11 consecutive sessions. Second-quarter filings list Goldman Sachs, Jane Street and Millennium among the largest professional holders, with Goldman at the top of the cited institutional group.
BofA, Citi and Goldman Sachs Join 21-Institution Stablecoin Venture
Bank of America, Citigroup and Goldman Sachs are among 21 institutions planning a stablecoin venture. The project will start with a US dollar stablecoin before expanding to other G7 currencies, with the euro next.
Ripple joins Asia’s digital-asset custody and tokenization push
Ripple has entered a strategic partnership to develop digital-asset custody and tokenized asset-management solutions for Asian institutions, Cointelegraph reports. The move adds to a broader wave of custody-infrastructure deals in the region.
London Stock Exchange operator plans tokenized UK stocks with Kraken parent
The London Stock Exchange operator is reportedly working with Kraken’s parent on 24/5 exposure to tokenized UK equities, as traditional financial institutions accelerate efforts to develop blockchain-based stock offerings.