The Clarity Act slipped to September. Banks are building anyway
But every month without settled rules quietly rewards the walled garden, writes Matter Labs’ Vassilis Tziokas Source：CoinDesk
Marvell Technology shares slump as investors question Google deal. Here’s what Wall Street is saying.
Strategists at a number of banks noted that investors’ eyes were firmly on news about the company’s recent partnership with Alphabet’s Google, with…
CrowdStrike’s stock has jumped after record-breaking earnings. Wall Street is lapping it up.
A number of Wall Street banks, including Jefferies, raised their price targets for the cybersecurity’s stock following its recordbreaking results.…
The Clarity Act will put Main Street banks at a disadvantage
The Blockchain Association’s Summer Mersinger dismisses the harm to community banks in defending the stablecoin rewards language in the Clarity Act, says…
The evidence doesn't support the banks' case against stablecoin rewards
Source：CoinDesk
Dallas Fed warns tokenized deposits could strip $700 billion from U.S. banks' lending capacity
Programmable deposits and AI agents may enable instantaneous, automated bank switching for higher yields, driving up bank funding costs. Source：CoinDesk
Banks, regulators join quantum-resistant crypto transfer pilot
Participating banks will test postquantum wallets and onchain transfers while regulators from Abu Dhabi, Bhutan and Malta initially observe.…
Crypto for Advisors: What are tokenized deposits?
Banks are moving deposits onchain using permissioned systems, not open ones. See why privacy and compliance dictate this path in this week's newsletter.…
StanChart, HSBC execute first live transaction on Swift blockchain ledger
The transaction connected the banks’ separate tokenized deposit systems through Swift’s ledger, marking a step toward interoperable, 24/7 crossborder payments.…
China triples digital yuan bank roster year-to-date as eight more banks join network
The People’s Bank of China (PBOC) added 20 new operators this year across two rounds of expansions, including eight additions this week. Source：CoinDesk
China adds 8 banks to digital yuan network as operator count hits 30
The newly authorized lenders will begin offering eCNY services after completing operational and technical preparations. Source：Cointelegraph
The stablecoin yield clash that won't go away has banks, crypto battling over tradition
The bankers want people kept in loweryield deposits for the good of the financial system as it's existed for generations, and their argument is gaining ground.…