Citi
Equities-Crypto Relationship Is Likely to Weaken in the Long Term, Citi Says
The correlation between bitcoin and the stock market is expected to weaken as the adoption of digital assets grows, the report said.
Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi
The nomination of crypto-friendly Paul Atkins as chair of the SEC provided the final boost that propelled bitcoin through the $100,000 level, the report said.
Citigroup, Fidelity International Unveil Proposal for On-Chain Fund With Real-Time FX Swaps
Their proof-of-concept aims to boost liquidity and efficiency in multi-currency transactions.
BlackRock Buys More MicroStrategy Shares; Citi Debanked Ripple's Brad Garlinghouse
Bitcoin is back above $67,000 as the Fed latest Beige Book survey of economic conditions hinted at further rate reductions in the coming months. Plus, BlackRock buys more MicroStrategy shares and Ripple CEO Brad Garlinghouse shares how he was debanked by Citigroup. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Republican Sweep in U.S. Election Would be the Most Bullish Outcome for Coinbase and the Crypto Market: Citi
Republican control of the Senate would be key to passing bills such as FIT21 and appointing pro-crypto agency leaders, and digital asset reform would likely happen sooner with both chambers aligned, the report said.
Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says
The network activity has also been falling on Ethereum and stalling on the Bitcoin blockchain, the report said.
Crypto Market Has Struggled Since Spot Ether ETFs Started Trading: Citi
Demand for digital assets has dried up in recent weeks and both bitcoin and ether ETFs have seen net outflows in the last month, the report said.
Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi
The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.
Ether Spot ETFs Could See Up to $5.4B of Net Inflows in First 6 Months: Citi
Spot ether exchange-traded funds are expected to see 30%-35% of bitcoin ETFs' net inflows, and may disappoint due to other factors such as the lack of staking, the report said.
Citi's Exploration Into Crypto and the Metaverse
Ryan Rugg, Head of Digital Assets for Citibank's Treasury and Trade Solutions (TTS) business, joined Consensus 2024 with a conversation on Citi's exploration into metaverse, tokenization and the broader crypto industry. Plus, the regulatory hurdles they faced along the way and the significance of collaborations with FinTech companies.
