In a striking declaration at Binance Blockchain Week, MicroStrategy Executive Chairman Michael Saylor revealed that the long-standing skepticism toward Bitcoin within major U.S. financial institutions is crumbling at an unprecedented pace. Saylor, who once predicted a four-to-eight-year adoption timeline, now observes a dramatic compression, with banking giants rapidly pivoting from hostility to developing custody services and Bitcoin-backed credit lines. This shift, accelerated by a changing regulatory landscape and impending Federal Reserve policy moves, signals a pivotal convergence of traditional finance and cryptocurrency.
about Banks Embrace Bitcoin: Saylor Reveals Rapid Wall Street ShiftCitibank
0 in Finance and 0 in Crypto last weekOCC Finds Major Banks Restrict Crypto Firms in ‘Operation Choke Point 2.0’ Probe
A preliminary investigation by the Office of the Comptroller of the Currency has uncovered that nine of the nation’s largest banks systematically restricted or denied services to entire lawful industries—including cryptocurrency firms—based on their business type rather than legitimate financial risk. The findings have reignited fears of a coordinated regulatory campaign dubbed “Operation Choke Point 2.0,” with Comptroller Jonathan V. Gould vowing to end efforts that “weaponize finance” as thousands of related complaints remain under review.
about OCC Finds Major Banks Restrict Crypto Firms in 'Operation Choke Point 2.0' ProbeXRP ETF Launch & Institutional Interest Surge at Ripple Swell 2025
The Ripple Swell 2025 conference has revealed significant institutional momentum building around XRP, with Canary Capital’s spot ETF scheduled for automatic launch on November 13 following critical regulatory filings. While retail activity has cooled following October’s $19 billion market sell-off, major financial players are positioning for what speakers describe as a transformative period for the token, with whale selling pressure dramatically declining and institutional interest surging toward what Citibank projects could be trillions in tokenized assets within five years.
about XRP ETF Launch & Institutional Interest Surge at Ripple Swell 2025JPMorgan Developing Crypto Trading, Avoids Custody
JPMorgan Chase is actively developing cryptocurrency trading services for its clients, according to global markets head Scott Lucas. However, the banking giant remains hesitant about directly custodying digital assets for now. This cautious expansion reflects Wall Street’s evolving approach to crypto markets, with the bank scaling up its blockchain and cryptocurrency exposure while maintaining strategic boundaries around certain services.
about JPMorgan Developing Crypto Trading, Avoids CustodyCiti’s Bitcoin & Ethereum Price Targets: $82K-$231K Range
Citibank has unveiled comprehensive 12-month price targets for Bitcoin and Ethereum, presenting investors with a wide spectrum of potential outcomes that underscore both the substantial risks and opportunities in cryptocurrency markets. The bank’s analysis ranges from bearish scenarios showing significant declines to bullish projections that could nearly double current values, reflecting the high volatility and uncertainty facing digital asset traders.
about Citi's Bitcoin & Ethereum Price Targets: $82K-$231K RangeJPMorgan & Coinbase Partner to Bridge TradFi and Crypto
JPMorgan Chase and Coinbase announced a strategic partnership marking a significant step in traditional finance’s adoption of digital assets. Starting in 2026, Chase customers can fund Coinbase wallets using credit cards and redeem rewards in USDC stablecoins, facilitated by recent regulatory developments like the GENIUS Act. The crypto market’s $4 trillion valuation and growing institutional interest, including similar moves by PNC Bank and other major financial institutions, underscore this trend. Coinbase’s stock rose 6% on the news, reflecting its strengthened position as a crypto leader, now included in the S&P 500. Analysts predict accelerated crypto adoption as regulatory frameworks mature and traditional banks increasingly integrate digital asset services.
about JPMorgan & Coinbase Partner to Bridge TradFi and CryptoATM Scammers Target Elderly, Steal $70K in NYC
A sophisticated ATM scam in New York City has drained over $70,000 from elderly bank customers, according to police reports. The scam involves a trio—two men and a woman—who distract seniors at ATMs, often by offering ‘help,’ before stealing their bank cards and withdrawing large sums. Victims range from 71 to 90 years old, with one losing $24,000 in a single incident. The thieves struck at Chase, Bank of America, Capital One, and Citibank locations between May and June. Authorities have linked at least nine incidents to the group and urge vigilance among senior citizens using ATMs.
about ATM Scammers Target Elderly, Steal $70K in NYCCrypto Scam Victim Sues Two More Banks Over $20M Loss
Michael Zidell, a self-claimed victim of a $20 million crypto romance scam, has filed lawsuits against East West Bank and Cathay Bank in a California federal court. He accuses the banks of neglecting their statutory duties by processing 31 fraudulent transfers totaling nearly $16.7 million to scammer accounts. This follows his recent lawsuit against Citibank, alleging similar failures to detect suspicious activity. The case highlights growing scrutiny over banks’ roles in preventing crypto-related fraud.
about Crypto Scam Victim Sues Two More Banks Over $20M LossNY Man Charged in $1.7M Bitcoin Money Laundering Scheme
Tushal Rathod of Baldwinsville, NY, faces charges of wire fraud, conspiracy, and money laundering for allegedly orchestrating a scheme that generated $1.7 million through counterfeit checks and business email compromise scams. The FBI claims Rathod funneled the illicit funds through seven bank accounts across six institutions, converting $1.2 million into Bitcoin. Authorities allege Rathod used fake invoices to mask the fraud and involved his girlfriend and family members in the scheme. If convicted, he could face up to 20 years in prison.
about NY Man Charged in $1.7M Bitcoin Money Laundering SchemeCitibank Sued Over $20M Pig Butchering Scam Involvement
Michael B. Zidell alleges that Citibank failed to conduct proper due diligence on an account linked to a $20 million pig butchering scam. Zidell claims he was deceived by a scammer posing as ‘Carolyn Parker,’ who convinced him to invest in NFTs on ‘OpenrarityPro.com.’ After sending 43 wire transfers totaling $20 million, the website vanished, and Zidell realized he had been defrauded. His lawsuit argues that Citibank ignored red flags, including discrepancies in the Guju, Inc. account’s activity compared to its stated purpose. The bank allegedly facilitated the scam by processing suspicious transactions without proper scrutiny.
about Citibank Sued Over $20M Pig Butchering Scam InvolvementUS Banks Used in $44B Pig Butchering Scams
Asian crime syndicates behind pig butchering scams are using major US banks like Bank of America, Chase, and Wells Fargo to launder stolen funds, according to a ProPublica report. The scammers, operating from prison-like compounds in Cambodia, Laos, and Myanmar, exploit victims through fraudulent relationships, siphoning an estimated $44 billion annually. Stolen funds are initially moved through traditional bank accounts before being converted into cryptocurrency and sent overseas. Despite banks’ efforts to combat fraud, black market accounts thrive, with Telegram channels offering rented US accounts to scammers. The American Bankers Association acknowledges the challenge, stating that bad actors often slip through despite rigorous fraud prevention measures.
about US Banks Used in $44B Pig Butchering ScamsBig Tech and Banks Rush to Integrate Stablecoins as GENIUS Act Nears Approval
Tech giants such as Apple, Uber, and X (formerly Twitter) are actively exploring stablecoin integration into their payment systems, aiming to reduce transaction costs and enhance cross-border efficiency. The GENIUS Act, expected to pass soon, is seen as a key catalyst for regulatory clarity and adoption. Meanwhile, banks like Citibank and JPMorgan are pursuing joint initiatives, while Google Cloud confirms its interest in stablecoins. Stablecoin market capitalization has surged to $250 billion, with projections of reaching $2 trillion by 2028, fueled by regulatory progress and corporate adoption.
about Big Tech and Banks Rush to Integrate Stablecoins as GENIUS Act Nears Approval