London-based bank Griffin raised $20 million in a Series B round led by Octagon Partners, valuing the company at over $100 million. The funding will support its expansion into stablecoin payments. A well-capitalized regulated bank moving into stablecoins signals growing institutional adoption of crypto rails, a modest positive for the sector.
Goldman Sachs, Citigroup, Banco Santander and Deutsche Bank have committed about $270 million to a joint stablecoin issuer, per Bloomberg.
CryptoPotato
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More than $10 billion in leveraged Bitcoin short positions have accumulated near the $83K price level, according to Crypto Briefing.
Crypto Briefing
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Bitcoin is trading below Strategy's average purchase price of $75,451, leaving the company's 849,327 BTC holding worth about $63.58..
The Defiant
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PNC Bank is piloting a service that lets eligible corporate and institutional clients accept USDC payments on Ethereum, with each token..
Cointelegraph
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Barclays increased its stake in BlackRock's spot Bitcoin ETF by 48%, reporting a $187 million position as of Sept. 30.
Cointelegraph
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Amundi, Europe's largest asset manager, increased its stake in Strategy (MSTR) by 44% to $291 million, holding 1.9 million shares as of..
Bitcoin Magazine
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