News Heat Trend
Project Overview
OccamX is an Automated Market Maker decentralized exchange, allowing users to create pools, provide liquidity, and perform asset swaps without the need for a centralized third-party custodian.
Received conditional approval from OCC, Bastion can apply to establish a national trust bank
stablecoin infrastructure company Bastion has received conditional approval from the U.S. Office of the Comptroller of the Currency to apply to establish a national trust bank. Founded in 2023 by two former a16z crypto executives, Bastion provides white-label stablecoin issuance, reserve custody, customer wallets, and payment infrastructure for enterprises; its investors include Coinbase Ventures, Sony Innovation Fund, and Samsung Next, and its latest funding round last year raised $14.6 million.
OpenReserve receives preliminary approval for full-service national bank, must raise $210 million and maintain 12% Tier 1 leverage ratio
Odaily News: Blockchain-native fintech startup OpenReserve received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on September 2 to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum Tier 1 leverage ratio of 12% for three years after opening. It must also commence operations within 18 months, or the approval will lapse. The relevant deadlines are September 2027 and March 2028, respectively.OpenReserve plans to offer tokenized deposits, treasury management, foreign correspondent banking, and Banking-as-a-Service for institutional clients. The full-service national bank charter, upon final approval, would allow it to accept deposits and conduct lending activities.OpenReserve previously completed a $25 million seed funding round led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures, among others. The company plans to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but that subsidiary has not yet filed an application with the OCC. (Decrypt)
Goldman Sachs: Crypto Trading Has Fallen for Ten Consecutive Months, Turning Point May Be Approaching
According to Chaoxiang Research, Goldman Sachs' research report dated August 24, 2026, indicates that cryptocurrency trading volume fell 30% in July and 21% in August, declining for 10 consecutive months, a duration that exceeded the median of the previous five cycles. Trading volume in this cycle has dropped 75% from its peak, while cryptocurrency market capitalization rebounded 21% over the past week. Goldman Sachs suggests a turning point in trading volume may emerge if market cap remains at current levels. On the regulatory front, 35% of institutional investors cite regulatory uncertainty as the biggest hurdle, while 32% identify regulatory clarity as the primary catalyst. The SEC recently proposed an innovation exemption framework. In 2026, over 10 additional digital asset companies received bank charters from the OCC, and more than 15 crypto firms have already been incorporated into the federal banking system. Crypto companies reduced expenses by an average of approximately 5% in 2026, lifting operating margins by roughly 5.8 percentage points. Goldman Sachs remains cautiously optimistic for the second half of the year, with sector valuations currently positioned at the 30th percentile over a five-year period. Key recommendations include COIN (target price $196), HOOD ($124), IBKR ($114, featured on Goldman Sachs' Conviction List US), and FIGR ($43). The investment logic diverges across the three sectors: traditional brokerages are poised for a September reversal, prediction markets are driven by the election cycle, and crypto equities benefit from a triple catalyst of market cap recovery, cost reductions, and regulatory reform.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Digital asset trading platform EDX Markets has completed a $76 million Series C funding round, led by SBI Holdings.
EDX Markets, an institutional digital asset trading platform, announced the completion of a $76 million Series C funding round, led by Japan's major financial group SBI Holdings. The company stated that the proceeds from this round will be used to upgrade its trading, clearing, and settlement infrastructure, accelerate product iteration, and promote the scaled rollout of global institutional services.Previously, EDX had launched EDX FlowConnect, empowering enterprises to compliantly launch digital asset trading services. Additionally, the platform has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, aiming to build a federally regulated digital asset custody, clearing, settlement, and risk management system. (Prnewswire)
OCC Proposes Applying the Bank Secrecy Act to Stablecoin Issuers
According to PYMNTS, on June 22, the U.S. Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking requiring payment stablecoin issuers (PPSIs) under its supervision to comply with provisions of the Bank Secrecy Act (BSA) and the GENIUS Act, and mandating that they implement anti-money laundering/combating the financing of terrorism (AML/CFT) programs, sanctions programs, and reporting requirements administered by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The rule would also establish an OCC supervisory and enforcement framework for PPSIs’ AML/CFT obligations and clarify coordination mechanisms between the OCC and FinCEN in enforcement actions. Previously, the OCC had jointly sought public comment with the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) regarding requirements for stablecoin issuers to establish customer identification programs.
American Community Bankers Association sues OCC, alleging it exceeded statutory authority by issuing national trust bank charters to crypto companies.
According to Crowdfund Insider, the Independent Community Bankers of America (ICBA) filed a lawsuit on October 2 in the U.S. District Court for the District of Columbia, accusing the Office of the Comptroller of the Currency (OCC) of relaxing national bank charter rules, thereby allowing cryptocurrency companies to enter the banking system without assuming the same regulatory obligations as traditional banks. The ICBA is seeking a court order to vacate the OCC's National Bank Charter Rules issued in March 2026 and related prior interpretive documents, and to invalidate the conditional national trust bank charter granted to digital asset custody firm Protego Holdings. The complaint states that the current U.S. administration has approved or conditionally approved 21 national trust banks, with at least 13 being cryptocurrency enterprises. ICBA argues that these institutions do not need to comply with certain regulatory requirements applicable to traditional banks, such as capital, liquidity, and deposit insurance mandates, yet are permitted to operate nationwide using a federal charter, creating unfair competition. The ICBA also warned that some crypto trust banks lack adequate risk management and independent oversight mechanisms, potentially posing risks to the financial system. The OCC has currently declined to comment on the lawsuit.
Stablecoin payment company Rain applies for a U.S. national trust bank charter, planning to offer digital asset custody and stablecoin issuance and redemption services.
According to Cointelegraph, stablecoin payment infrastructure provider Rain has filed an application with the Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. If approved, the bank will provide fiduciary custody services for digital assets and U.S. dollars to institutional clients, manage reserve assets for eligible stablecoin issuers, and issue and redeem USD stablecoins in accordance with the GENIUS Act. This application arrives as U.S. community banks mount legal challenges against crypto trust bank charters. The Independent Community Bankers of America (ICBA) recently sued the OCC, seeking to overturn the relevant charter regulations and block the agency from continuing to approve new national trust banks under this framework.
Rain applies to establish a U.S. national trust bank, community bank organization sues OCC
Odaily reports: Stablecoin payment infrastructure provider Rain has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. Once approved, the bank will be able to provide institutional clients with digital asset and USD fiduciary custody, as well as stablecoin reserve management services.Rain stated that Rain National Trust Bank may also issue and redeem USD-backed stablecoins in accordance with the GENIUS Act. Former Square Financial Services Chief Financial Officer Brandon Soto will serve as President and CEO of the proposed bank, subject to OCC review.The Independent Community Bankers of America (ICBA) sued the OCC on Friday, alleging that it allowed non-depository trust banks to conduct a wide range of non-fiduciary activities, exceeding its regulatory authority. The ICBA is asking the court to overturn the OCC's chartering rule introduced in March 2026 and Interpretive Letter 1176 from 2021, and to block the approval of more licenses based on those documents.The Crypto Council for Innovation said the lawsuit is intended to restrict innovation. The ICBA complaint states that the OCC has approved or conditionally approved at least 21 trust banks, of which at least 13 are cryptocurrency companies. (Cointelegraph)
ICBA Sues OCC Over Crypto Charter Program; Lobbying Group Counter-Accuses of Stifling Innovation
ICBA alleges the OCC lacks regulatory safeguards in issuing banking charters to crypto companies. The crypto lobbying group CCI strongly backs the OCC, claiming the lawsuit aims to stifle financial innovation.
美银行协会起诉 OCC，指加密企业利用信托执照套利监管
美国社区银行家协会（ICBA）提起诉讼，挑战 OCC 批准加密货币企业发放国家信托执照的权力。ICBA 指责此举构成“侧门银行”，让加密公司规避了 FDIC 和资本要求等核心义务。
U.S. community bank organization sues OCC, seeking to block crypto firms from entering the banking system through trust charters
Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)
Mizuho Analyst: Circle's Trust Bank Approval Unlikely to Resolve USDC Market Share Decline Dilemma
According to The Block, Mizuho Bank analysts noted that while Circle's approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank helps enhance its compliance credibility, it is insufficient to resolve current core pressures—the continued shrinkage of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.
Gate Ventures: Tech Stocks Hit New Highs Amid Inflationary Pressure, Crypto Market Risk Appetite Recovers
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
Morgan Stanley: It will still take time for Bitcoin to enter U.S. bank balance sheets, but preparations are already underway.
According to CoinDesk, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated at the Bitcoin Conference in Las Vegas that U.S. banks may hold bitcoin on their balance sheets in the future—but the timeline remains uncertain due to guidance from the Federal Reserve, the Basel Accords, and global regulatory requirements. Meanwhile, Morgan Stanley’s recently launched MSBT—the first bank-issued bitcoin ETP—drew over $100 million in inflows within its first six days of listing, all sourced exclusively from self-directed investment channels and not yet made available to financial advisors. Oldenburg noted that slow adoption by the advisor channel stems primarily from an education gap; the bank has initiated internal training programs to address this and is applying for a digital trust charter from the Office of the Comptroller of the Currency (OCC) to support direct custody of crypto assets and spot crypto trading services.
Trump family-backed WLFI partners with Mesh to push USD1 onto major online platforms, plans launch this quarter
Odaily News: Digital asset project World Liberty Financial (WLFI) stated during a stablecoin panel discussion at Token2049 in Singapore that it plans to push USD1 onto major online enterprises. Mesh co-founder and CEO Bam Azizi, a payment infrastructure provider, announced a partnership with WLFI, allowing USD1 holders to use the stablecoin through its merchant network, with plans to go live this quarter.WLFI is backed by the family of U.S. President Donald Trump. Its issued USD1 is issued by BitGo, with reserves including cash, U.S. government money market funds, and other cash equivalents, aimed at maintaining a value of 1 U.S. dollar. USD1 has a market capitalization of approximately $4.45 billion.The U.S. Office of the Comptroller of the Currency (OCC) conditionally approved WLFI in August to establish a national trust bank for issuing dollar-backed stablecoins and custodying digital assets. WLFI CEO Zach Witkoff stated that USD1 is currently issued through BitGo, and after obtaining the trust bank charter, WLFI will assume issuance responsibility itself. (Cointelegraph)
American Community Bankers Association sues OCC, alleging it exceeded statutory authority by issuing national trust bank charters to crypto companies.
According to Crowdfund Insider, the Independent Community Bankers of America (ICBA) filed a lawsuit on October 2 in the U.S. District Court for the District of Columbia, accusing the Office of the Comptroller of the Currency (OCC) of relaxing national bank charter rules, thereby allowing cryptocurrency companies to enter the banking system without assuming the same regulatory obligations as traditional banks. The ICBA is seeking a court order to vacate the OCC's National Bank Charter Rules issued in March 2026 and related prior interpretive documents, and to invalidate the conditional national trust bank charter granted to digital asset custody firm Protego Holdings. The complaint states that the current U.S. administration has approved or conditionally approved 21 national trust banks, with at least 13 being cryptocurrency enterprises. ICBA argues that these institutions do not need to comply with certain regulatory requirements applicable to traditional banks, such as capital, liquidity, and deposit insurance mandates, yet are permitted to operate nationwide using a federal charter, creating unfair competition. The ICBA also warned that some crypto trust banks lack adequate risk management and independent oversight mechanisms, potentially posing risks to the financial system. The OCC has currently declined to comment on the lawsuit.
Rain applies to establish a U.S. national trust bank, community bank organization sues OCC
Odaily reports: Stablecoin payment infrastructure provider Rain has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. Once approved, the bank will be able to provide institutional clients with digital asset and USD fiduciary custody, as well as stablecoin reserve management services.Rain stated that Rain National Trust Bank may also issue and redeem USD-backed stablecoins in accordance with the GENIUS Act. Former Square Financial Services Chief Financial Officer Brandon Soto will serve as President and CEO of the proposed bank, subject to OCC review.The Independent Community Bankers of America (ICBA) sued the OCC on Friday, alleging that it allowed non-depository trust banks to conduct a wide range of non-fiduciary activities, exceeding its regulatory authority. The ICBA is asking the court to overturn the OCC's chartering rule introduced in March 2026 and Interpretive Letter 1176 from 2021, and to block the approval of more licenses based on those documents.The Crypto Council for Innovation said the lawsuit is intended to restrict innovation. The ICBA complaint states that the OCC has approved or conditionally approved at least 21 trust banks, of which at least 13 are cryptocurrency companies. (Cointelegraph)
US Senate Fails to Advance Clarity Act, Crypto Regulation Shifts to Federal Agencies
Odaily News: The U.S. Senate failed to advance the Clarity Act last week in a procedural vote of 49 in favor and 50 against, falling short of the required 60-vote threshold. Negotiations on the market structure bill reached a deadlock over ethics provisions related to Trump's crypto business.The U.S. Securities and Exchange Commission (SEC) subsequently introduced a digital asset "innovation exemption," allowing qualifying platforms to trade onchain tokenized U.S. stocks without registering as national securities exchanges. The U.S. Commodity Futures Trading Commission (CFTC) issued a no-action position for passive software providers and submitted a broader crypto market rulemaking proposal to the White House for review.The Federal Reserve proposed requiring stablecoin issuers under its supervision to fully back tokens with safe, liquid assets and hold capital against operational risks. The Office of the Comptroller of the Currency (OCC) is advancing stablecoin rulemaking and plans to finalize the relevant rules by November. (Decrypt)
Anchorage Digital Bank Begins Custody of Physical Uranium Token, xU3O8 Market Cap Around $9 Million
Odaily News: Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, began offering xU3O8 custody services to institutional clients on September 16, 2026. The token is backed by physical uranium concentrate (yellowcake), with the relevant uranium materials stored at Cameco facilities and beneficial ownership held through a UK trust structure.xU3O8 is issued by Uranium.io, with UK regulator Archax serving as trustee, and the underlying assets mapped through the Etherlink network. Cameco is responsible for safeguarding the physical uranium in certified facilities and regularly publishes reserve proof audit results.Anchorage Digital Bank N.A. is regulated by the Office of the Comptroller of the Currency (OCC), and its clients can include xU3O8 in the same segregated, bankruptcy-remote accounts as Bitcoin and cash equivalents. Currently, xU3O8 is priced at approximately $5.66 per unit, with a total market cap of about $9 million. (Bitcoin.com News)
1:1 Bitcoin Backing: Circle Details cirBTC Isolated Custody and On-Chain Reserve Verification
Odaily News, Circle has published a statement on the cirBTC reserve mechanism, stating that each cirBTC is backed 1:1 by one native BTC and can be redeemed for native BTC at a 1:1 ratio. The corresponding BTC is held by Circle-affiliated entities and custodied by Circle National Trust, which is regulated by the Office of the Comptroller of the Currency (OCC). The reserve assets are segregated from Circle's corporate assets and are used solely to protect the interests of cirBTC holders. cirBTC is currently live on Ethereum and will receive native support once the Arc mainnet launches, with future expansion to more blockchains. Circle also provides on-chain reserve verification through a public BTC reserve address and the Chainlink Proof of Reserve mechanism, allowing market participants to compare the scale of reserved BTC against the circulating supply of cirBTC across all supported chains.
Related news
Trump family-backed WLFI partners with Mesh to push USD1 onto major online platforms, plans launch this quarter
Odaily News: Digital asset project World Liberty Financial (WLFI) stated during a stablecoin panel discussion at Token2049 in Singapore that it plans to push USD1 onto major online enterprises. Mesh co-founder and CEO Bam Azizi, a payment infrastructure provider, announced a partnership with WLFI, allowing USD1 holders to use the stablecoin through its merchant network, with plans to go live this quarter.WLFI is backed by the family of U.S. President Donald Trump. Its issued USD1 is issued by BitGo, with reserves including cash, U.S. government money market funds, and other cash equivalents, aimed at maintaining a value of 1 U.S. dollar. USD1 has a market capitalization of approximately $4.45 billion.The U.S. Office of the Comptroller of the Currency (OCC) conditionally approved WLFI in August to establish a national trust bank for issuing dollar-backed stablecoins and custodying digital assets. WLFI CEO Zach Witkoff stated that USD1 is currently issued through BitGo, and after obtaining the trust bank charter, WLFI will assume issuance responsibility itself. (Cointelegraph)
American Community Bankers Association sues OCC, alleging it exceeded statutory authority by issuing national trust bank charters to crypto companies.
According to Crowdfund Insider, the Independent Community Bankers of America (ICBA) filed a lawsuit on October 2 in the U.S. District Court for the District of Columbia, accusing the Office of the Comptroller of the Currency (OCC) of relaxing national bank charter rules, thereby allowing cryptocurrency companies to enter the banking system without assuming the same regulatory obligations as traditional banks. The ICBA is seeking a court order to vacate the OCC's National Bank Charter Rules issued in March 2026 and related prior interpretive documents, and to invalidate the conditional national trust bank charter granted to digital asset custody firm Protego Holdings. The complaint states that the current U.S. administration has approved or conditionally approved 21 national trust banks, with at least 13 being cryptocurrency enterprises. ICBA argues that these institutions do not need to comply with certain regulatory requirements applicable to traditional banks, such as capital, liquidity, and deposit insurance mandates, yet are permitted to operate nationwide using a federal charter, creating unfair competition. The ICBA also warned that some crypto trust banks lack adequate risk management and independent oversight mechanisms, potentially posing risks to the financial system. The OCC has currently declined to comment on the lawsuit.
Stablecoin payment company Rain applies for a U.S. national trust bank charter, planning to offer digital asset custody and stablecoin issuance and redemption services.
According to Cointelegraph, stablecoin payment infrastructure provider Rain has filed an application with the Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. If approved, the bank will provide fiduciary custody services for digital assets and U.S. dollars to institutional clients, manage reserve assets for eligible stablecoin issuers, and issue and redeem USD stablecoins in accordance with the GENIUS Act. This application arrives as U.S. community banks mount legal challenges against crypto trust bank charters. The Independent Community Bankers of America (ICBA) recently sued the OCC, seeking to overturn the relevant charter regulations and block the agency from continuing to approve new national trust banks under this framework.
Rain applies to establish a U.S. national trust bank, community bank organization sues OCC
Odaily reports: Stablecoin payment infrastructure provider Rain has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. Once approved, the bank will be able to provide institutional clients with digital asset and USD fiduciary custody, as well as stablecoin reserve management services.Rain stated that Rain National Trust Bank may also issue and redeem USD-backed stablecoins in accordance with the GENIUS Act. Former Square Financial Services Chief Financial Officer Brandon Soto will serve as President and CEO of the proposed bank, subject to OCC review.The Independent Community Bankers of America (ICBA) sued the OCC on Friday, alleging that it allowed non-depository trust banks to conduct a wide range of non-fiduciary activities, exceeding its regulatory authority. The ICBA is asking the court to overturn the OCC's chartering rule introduced in March 2026 and Interpretive Letter 1176 from 2021, and to block the approval of more licenses based on those documents.The Crypto Council for Innovation said the lawsuit is intended to restrict innovation. The ICBA complaint states that the OCC has approved or conditionally approved at least 21 trust banks, of which at least 13 are cryptocurrency companies. (Cointelegraph)
ICBA Sues OCC Over Crypto Charter Program; Lobbying Group Counter-Accuses of Stifling Innovation
ICBA alleges the OCC lacks regulatory safeguards in issuing banking charters to crypto companies. The crypto lobbying group CCI strongly backs the OCC, claiming the lawsuit aims to stifle financial innovation.
美银行协会起诉 OCC，指加密企业利用信托执照套利监管
美国社区银行家协会（ICBA）提起诉讼，挑战 OCC 批准加密货币企业发放国家信托执照的权力。ICBA 指责此举构成“侧门银行”，让加密公司规避了 FDIC 和资本要求等核心义务。