USDTradFi-Crypto Ties This Week Recap Big Banks, Billionaires, and Bitcoi
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Ric Edelman Raises Crypto Investment Recommendation to 10%-40%
Ric Edelman, a prominent financial advisor and author, has significantly changed his stance on crypto investments, now recommending an allocation of 10% to 40% in digital assets, up from his previous advice of 1%. He emphasizes that Bitcoin and crypto have become mainstream assets, as past uncertainties have been resolved. Edelman argues traditional investment strategies no longer suffice, suggesting that long-term investors, particularly younger clients, should consider higher stock allocations due to increased life expectancy. He highlights Bitcoin's potential for diversification and superior returns compared to stocks, bonds, and other asset classes, marking a bullish outlook on crypto assets.
Circle and Ripple Seek U.S. Banking Licenses to Strengthen Stablecoin Market Position
Circle and Ripple are seeking U.S. national banking licenses to enhance their positions in the regulated stablecoin market amid a favorable regulatory environment under the Trump administration. Circle, with its USDC and a recent IPO that saw shares rise 167%, aims to establish the First National Digital Currency Bank, N.A. Ripple is pursuing similar goals for its RLUSD stablecoin. Both firms’ applications align with a shift towards easing crypto regulations, positioning USDC and RLUSD as potential leaders in transparency and compliance. Analysts suggest Circle could dominate the regulated stablecoin market, with USDC's market cap at $61.5 billion.
Sparkassen to Launch Cryptocurrency Trading Services for Retail Clients by Summer 2026
Germany's largest banking group, Sparkassen, is set to introduce cryptocurrency trading services for retail clients, according to a Bloomberg report on June 30, 2025. This decision marks a significant shift from their previous stance, where they avoided crypto offerings due to concerns about volatility. The new service will allow clients to trade various cryptocurrencies, including Bitcoin and Ethereum, and is expected to launch by summer 2026. Dekabank, a Sparkassen subsidiary already engaged in crypto trading, will manage these services. This development follows the implementation of the EU's Markets in Crypto-Assets Regulations, establishing a unified legal framework.
Deutsche Bank to Launch Crypto Custody Service in 2026 with Bitpanda's Support
Deutsche Bank plans to launch a crypto custody service in 2026, collaborating with crypto exchange Bitpanda and digital asset infrastructure provider Taurus. This initiative stems from a growing institutional shift toward digital assets, influenced by clearer EU regulations and a supportive U.S. environment under the Trump administration. Deutsche Bank has been considering digital asset custody since late 2020 and received regulatory approval to operate such a service in 2023. The initiative is part of the bank's broader strategy to enhance fee income and includes potential exploration of stablecoins and tokenized deposits as it enters the digital asset space.
Wintermute Secures Bitcoin-Backed Credit Line from Cantor Fitzgerald
Wintermute has secured a Bitcoin-backed credit line from Cantor Fitzgerald, enhancing its OTC crypto trading operations amid a cautious revival of institutional crypto lending. This is part of Cantor’s $2 billion Bitcoin Financing Business, which aims to provide secured credit to key digital asset firms. CEO Evgeny Gaevoy emphasized the facility's importance for liquidity and risk management. The broader crypto lending market reached $36.5 billion by late 2024, driven by stricter risk management. This partnership positions Wintermute for growth in the US, boosted by favorable regulations and increased institutional interest in digital assets.
Chainlink Launches Compliance Engine to Unlock $100 Trillion in Institutional Crypto Investments
Chainlink has launched the Automated Compliance Engine (ACE), a compliance framework aimed at unlocking over $100 trillion in institutional crypto investments. Designed for both traditional and decentralized finance, ACE offers a standardized solution that reduces compliance costs, which currently exceed $60 billion in the U.S. and Canada. Built on the Chainlink Runtime Environment, ACE enhances digital asset compliance with features like reusable digital identities and automated policy enforcement. The system aims to streamline onboarding processes and improve risk monitoring, promoting transparency and efficiency in compliance across blockchain ecosystems, thus facilitating significant capital influx into the crypto economy.
Trump Family Earns $620 Million from Crypto Ventures, Boosting Net Worth to $6.4 Billion
In recent months, the Trump family has reportedly generated $620 million from various cryptocurrency ventures, contributing to their total net worth of $6.4 billion, according to Bloomberg. Key earnings include $390 million from World Liberty's token sale and $150 million from the Official Trump memecoin launch. The family's activities range from NFTs to Bitcoin mining, with a notable 20% stake in the mining firm American Bitcoin. The memecoin, trading at $8.72, achieved a peak market cap of $9 billion after launch but has since decreased to $1.7 billion. Additional projects include the USD1 stablecoin and a crypto wallet.
KBC Bank to Offer Bitcoin and Ether Investments to Retail Customers via Bolero Platform
KBC Bank, one of Belgium's largest financial institutions, plans to allow retail customers to invest in Bitcoin and Ether through its Bolero platform, pending regulatory approval later this year. This initiative would position KBC as the first major Belgian bank to offer crypto services to retail investors. The bank aims to provide a secure investment framework focusing on education and compliance. Belgian customers currently rely on foreign exchanges for crypto; KBC's entry comes amid increased crypto adoption by European banks, with others like Deutsche Bank and BBVA planning similar offerings to their clients.
Deutsche Bank-Backed AllUnity Launches Regulated Euro Stablecoin EURAU Under MiCA
AllUnity, a venture backed by Deutsche Bank’s DWS, Galaxy, and Flow Traders, has launched the euro-pegged stablecoin EURAU, compliant with the EU’s MiCA regulations. This fully collateralized stablecoin, supported by transparent reserves, aims to facilitate seamless cross-border transactions in Europe and beyond, appealing to both fintech platforms and traditional financial institutions. The project has received an e-money license from Germany’s BaFin, marking a significant regulatory achievement. EURAU joins other MiCA-compliant stablecoins like Circle’s EURC and Société Générale’s EURCV, positioning it as a key player in Europe’s evolving digital payments landscape and next-generation financial infrastructure.
JD.com and Ant Group Lobby for Yuan-Based Stablecoins to Challenge US Dollar Dominance
JD.com and Ant Group are lobbying the People’s Bank of China to launch yuan-based stablecoins to enhance the yuan's global influence and counter US dollar dominance. They aim for stablecoins backed by offshore yuan to be issued in Hong Kong, with regulatory support reportedly positive. The yuan's global payment share fell to 2.89%, compared to the dollar's 48%. JD.com plans to apply for stablecoin licenses worldwide, aligning with the PBOC's goal to internationalize digital yuan. The stablecoin market is valued over $258 billion, with all top stablecoins currently pegged to the US dollar.
AMINA Bank Becomes First Global Bank to Trade Ripple's RLUSD Stablecoin
AMINA Bank, a Swiss crypto-focused institution, has become the first globally operating bank to offer trading and custody services for Ripple's stablecoin, RLUSD, which is backed by US Treasuries and regulated by the New York Department of Financial Services. Launched late 2024, RLUSD has a current supply of approximately $430 million in a $250 billion stablecoin market. Ripple has applied for a national banking charter from the OCC and a Federal Reserve master account to enhance regulatory compliance. CEO Brad Garlinghouse emphasized the importance of oversight, while Circle also pursues a banking license amid growing stablecoin competition.
Bahrain Launches Regulatory Framework for Stablecoin Issuance, Strengthening Digital Asset Leadership
Bahrain has launched its first regulatory framework for stablecoin issuance through the Central Bank of Bahrain (CBB), positioning itself as a regional leader in digital asset regulation. Under the new Stablecoin Issuance and Offering Module, entities must obtain a CBB license, maintain a 1:1 fiat reserve ratio, and comply with annual audits and cybersecurity standards. Issuers must demonstrate a minimum capital of BHD 250,000 and adhere to transparency and risk management protocols. Bahrain's proactive regulatory environment is bolstered by recent moves from BPay Global and the National Bank of Bahrain, enhancing the region's digital finance landscape.
This article has been refined and enhanced by ChatGPT.
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