Citi


Markets

U.S. Crypto Strategic Reserve More Likely, Further Details Needed: Citi

The President announced that XRP, SOL, BTC, ETH and ADA would be included in the strategic reserve.

Crypto market to stay highly correlated to stocks, Citi says. (Miquel Parera/Unsplash)

Markets

Booming Crypto Trading Powers Robinhood Earnings Beat, Analysts Raise Targets

Robinhoood shares jumped 13% in early trading Thursday after fourth-quarter earnings beat estimates.

Robinhood shares could benefit from SEC dropping Coinbase case. (Shutterstock)

Markets

Ether Has Underperformed, but Total Value Locked on Ethereum Is Rising: Citi

Ether has dropped over 20% this year, but fundamentals are improving, the report said.

Citi bank and HSBC skyscrapers at night (Miquel Parera/Unsplash)

Markets

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 market to stay highly correlated to stocks, Citi says. (Miquel Parera/Unsplash)

Markets

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.

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Policy

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.

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Videos

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.

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Markets

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.

Trump sending bitcoin transaction at PubKey bar in NYC (Fox News/Modified by CoinDesk)

Markets

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 to stay highly correlated to stocks, Citi says. (Miquel Parera/Unsplash)

Markets

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.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

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