While there was a sharp decline in the cryptocurrency market after US President Donald Trump’s 100% tariff announcement on China, a huge short position opened minutes before this decline attracted attention. Unproven claims circulating on social media that this transaction, which generated approximately $80 million in profit in the market, might belong to Trump’s younger
Key Takeaways Citi plans to introduce crypto custody services in 2026, reflecting increasing institutional interest. The bank is supporting stablecoin company BVNK to expand into tokenized and digital asset services. Citi plans to launch its crypto custody service in 2026 as the major US bank advances its digital asset strategy amid growing institutional adoption. Citi
Bitget’s Q3 2025 Crypto Market Confidence and BTC Investment Trend report showed rising confidence across global users. Two out of three respondents planned to increase digital asset exposure in the coming months, signaling a broad risk-on tilt despite macro uncertainty. Where Confidence Is Rising From a multi-continent survey base, 66% said they intended to grow
In a recent Dubai government committee meeting between H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Higher Committee for the Development of the Economic and Financial Sector in the emirate of Dubai, it was announced that Dubai emerged as
Russia may have been using cryptocurrencies to fund espionage operations across EU countries, according to a Polish security official, Sławomir Cenckiewicz. Summary Poland’s national security chief Sławomir Cenckiewicz believes Russia was probably using cryptocurrencies to fund espionage. Polish regulators are reviewing a bill to curb Russia’s crypto use. Speaking to the Financial Times, Cenckiewicz, who
Stablecoin issuer Circle declares that it has no current plans to issue its own stablecoin pegged to the Hong Kong dollar. However, it is open to collaborating with other firms. Summary Circle has no plans to launch a Hong Kong dollar-backed stablecoin, instead focusing on expanding the adoption of its U.S. dollar and euro-pegged stablecoins,
The ongoing US government shutdown is hampering policymakers’ efforts to analyze economic data, which could influence monetary policy. Crypto markets and stocks tanked on Friday and over the weekend in reaction to Donald Trump’s latest salvo of tariffs on China. President Trump announced that he will impose an additional 100% tariff on goods from China,
Global Settlement Network (GSN) has partnered with Diacente Group to launch a $5.5 billion tokenized economy in Uganda’s Karamoja region. The initiative includes piloting Uganda’s first central bank digital currency (CBDC), backed by treasury bonds and accessible via mobile devices. Built on GSN’s blockchain, the project will digitize key sectors like agriculture, mining, and energy,
Cryptocurrency investment products held steady amid last Friday’s massive flash crash, recording strong inflows over the past week. Crypto exchange-traded products (ETPs) recorded $3.17 billion in inflows last week despite the market correction caused by fresh China tariff threats from US President Donald Trump, CoinShares reported on Monday. “Friday saw little reaction with a paltry
America’s federal government has entered its third week of shutdown, leaving as many as 16 exchange-traded funds (ETF) awaiting approval should the shutdown continue into November. Most of the US government came to a standstill on Oct. 1 when the Republicans and Democrats failed to reach a funding agreement. This has caused agencies, including the