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Central banks accumulated over 1,000 metric tons of gold in 2024 for the third consecutive year, pushing the precious metal to record levels near $3,400 per troy ounce and lifting Tether's gold-backed digital token XAUt to an $800 million market capitalization. The unprecedented institutional demand

Cryptocurrency exchange Gemini has had its onboarding process suspended by JPMorgan Chase after co-founder Tyler Winklevoss publicly criticized the bank's new fee structure targeting fintech companies. The suspension affects Gemini's ability to re-establish banking services with the nation's largest

The Senate Banking Committee released a discussion draft of the Responsible Financial Innovation Act of 2025 last week, marking a significant development in federal cryptocurrency regulation efforts. The proposed legislation introduces "ancillary assets" as a regulatory category and outlines expande

Goldman Sachs and Bank of New York Mellon have developed a system allowing institutional investors to purchase tokenized money market funds, marking a significant advancement in the digitization of the $7.1 trillion money market industry. The initiative enables BNY clients to invest in money market

PNC Bank announced Tuesday it will offer cryptocurrency services to institutional and banking clients through a partnership with digital asset exchange Coinbase, making it one of the largest U.S. banks to embrace digital assets at scale. What to Know: PNC will use Coinbase's infrastructure to let cl