Citi and Coinbase expanded their existing relationship to let Citi institutional clients accept stablecoin payments without directly handling crypto, while Coinbase business accounts operate through Citi’s banking rails. The arrangement extends a collaboration that had focused on fiat funding and withdrawals for Coinbase on- and off-ramps, placing payment acceptance alongside bank-connected fiat settlement infrastructure.
The development is a consequential step toward bank-distributed stablecoin payment services, with Coinbase supplying crypto infrastructure and Citi preserving a conventional banking interface for clients. It may reduce operational barriers for corporate adoption, but the available information does not identify supported stablecoins, launch timing, transaction volumes, jurisdictions or the allocation of compliance and settlement risk; commercial scale therefore remains unproven.
Bitget reopened Bitcoin withdrawals after the $387.5 million breach, but Ether and USDT withdrawals remained paused and the attacker began moving funds, with nearly 5,000 BTC reported leaving the exchange and Ether reportedly swapped through THORChain. Bitget says it patched the vulnerability, attributes the exploit to a third-party security weakness, and intends to restore its protection fund above $300 million; however, the amount frozen or recovered has not been disclosed. The transition from containment to laundering keeps counterparty and asset-recovery risk elevated despite phased service restoration.
Franklin Templeton’s Benji-issued tokenized money-market fund shares can now be pledged by eligible institutions as collateral for USDT or USDC credit lines on Bybit while remaining in custody and continuing to earn yield. The structure broadens the use of tokenized Treasury-like assets from cash-management products into exchange financing, following Franklin Templeton’s comparable Binance arrangement in February. Its institutional relevance lies in linking regulated fund claims to crypto-market liquidity without transferring underlying ownership, although eligibility, haircuts, scale and liquidation mechanics were not disclosed.
Strategy bought 1,665 BTC for $143 million, taking holdings to 847,666 BTC, while Strive acquired 1,107 BTC for $94.5 million and reached 27,462 BTC. The combined purchases totalled more than 2,700 BTC and $232.5 million, even as Bitcoin traded at $83,465, down 1.2% over 24 hours; U.S. spot Bitcoin ETFs had attracted nearly $3 billion over seven sessions, returning year-to-date flows to approximately $1.02 billion positive. These purchases reinforce the role of corporate and fund vehicles in absorbing spot supply, but neither flow data nor treasury accumulation establishes whether support can offset macro-driven volatility.