citibank

According to official news, Citibank announced that it has tokenized a bill of exchange and completed its entire lifecycle (from issuance to settlement) on the Solana blockchain.

According to Jinshi News, Citibank believes that the Federal Reserve will start cutting interest rates in May, previously expected in March.

According to CoinDesk, Citibank has lowered the target price for cryptocurrency exchange Coinbase from $505 to $400, a decrease of about 20%, primarily due to weak trading volumes, slowing institutional activity, and uncertainty regarding the progress of U.S. cryptocurrency legislation.The bank also reduced its net revenue forecast for Coinbase's fourth quarter of 2025 by about 10% to $1.69 billion and expects a U.S. GAAP loss per share of $2.64 for that quarter, partly due to its cryptocurrency asset holdings and the impairment of its stake in Circle.Despite the lowered target price, Citibank maintains a "Buy/High Risk" rating on Coinbase, believing it to be an industry leader that will benefit from the eventual cryptocurrency regulatory reforms.The bank pointed out that legislative progress, such as the Clarity Act, remains a key catalyst for driving a stock price recovery, but currently expects Senate negotiations on the market structure bill to potentially extend into 2026 and beyond.Coinbase's stock price has fallen about 65% from its all-time high, rising 6% in pre-market trading on the 6th as the market slightly rebounded.

According to Jinshi reports, Citigroup expects the Federal Reserve to cut interest rates by 25 basis points in March, July, and September, whereas the previous forecast was for rate cuts in January, March, and September this year.

According to Jinshi News, Citigroup expects the Federal Reserve to cut interest rates by 25 basis points again in September 2026, while maintaining its previous forecast of a 25 basis point cut in January and March.

In response to Arthur Hayes' doubts about USDT operations, former Citibank crypto research head Joseph stated on the X platform that @CryptoHayes' analysis missed several key points:Disclosure of assets ≠ total corporate assetsUSDT discloses reserves based on the "matching principle," but its undisclosed balance sheet includes equity investment income, mining operations, corporate reserves, and potential Bitcoin holdings, with remaining profits distributed to shareholders in the form of dividends.Ultra-high profit margins and equity valueTether holds $120 billion in U.S. Treasury bonds (with an annual yield of 4%), generating an annual net profit of about $10 billion starting in 2023 (with only 150 employees), making it the world's most efficient money printer;The equity valuation could reach $50-100 billion (recently planning to raise $20 billion for a 3% equity stake, with a high valuation but strong fundamentals).Comparative advantages of bank-level reservesTraditional banks maintain only 5-15% liquid assets, while USDT's collateralization rate is clearly higher.Key difference: banks have central bank lender of last resort support, while USDT relies on its own asset liquidity.Conclusion: Tether not only will not face a crisis but also controls the strongest profit engine in the crypto world.Subsequently, Tether CEO Paolo Ardoino expressed his gratitude for the support in the comments section.

Citibank and Swift announced the completion of a pilot project for Payment-versus-Payment (PvP) settlement processes between fiat and digital currencies, validating the feasibility of interoperability between traditional financial systems and distributed ledger networks. This pilot was implemented using existing Swift infrastructure and achieved through seamless integration of institutional-grade blockchain connectors, business process coordinators, and smart contracts. Additionally, in the pilot, Citibank utilized the test version of USDC on the Ethereum Sepolia testnet to simulate a near-production environment.

According to CoinDesk, Wall Street giant Citibank has warned that Bitcoin's weak trading pattern may signal a downturn in the Nasdaq 100 index.Citibank analysts noted in a report on Thursday that Bitcoin's trading behavior has historically been closely correlated with the performance of the Nasdaq 100: when the cryptocurrency's price is above the 55-day moving average, Nasdaq's returns significantly improve. Currently, Bitcoin has fallen below this threshold, and the risk-adjusted returns in the stock market have weakened. The bank's analysts attributed the recent weakness in cryptocurrencies mainly to tightening liquidity conditions. The U.S. Treasury's rebuilding of cash balances, combined with a decline of about $500 billion in bank reserves since mid-July, has drained liquidity and put pressure on risk assets. However, the report pointed out that the Treasury's balance is now approaching levels where rebuilding typically stops, suggesting that liquidity may soon improve, thereby boosting Bitcoin and stocks.

According to CoinDesk, Wall Street bank Citigroup stated that although the stock market has performed strongly, the cryptocurrency market has weakened again recently, with significant liquidations in October undermining investor confidence.The sell-off has led to a decrease in risk appetite among leveraged traders and new spot ETF investors, who have pulled back their investments. Recently, the inflow of funds into U.S. spot Bitcoin ETFs has significantly decreased, weakening a key factor supporting the market's optimistic outlook.Citigroup had originally predicted that as financial advisors increased their Bitcoin exposure, ETF funds would continue to flow in, but now the momentum has stalled, and market sentiment may remain subdued.On-chain data has also added to the cautious atmosphere, with a decline in the number of large Bitcoin holders and an increase in the number of small retail wallets. The decrease in financing rates indicates that long-term investors may be selling off, and leverage demand is also weakening. Technically, Bitcoin has fallen below the 200-day moving average, which may further suppress demand. Citigroup has also linked Bitcoin's weakness to tightening bank liquidity. The report concludes that the flow of funds into spot ETFs is a key signal for observing shifts in cryptocurrency market sentiment.

ChainCatcher news, according to Bloomberg, Citigroup and Coinbase Global have announced a partnership to jointly expand digital asset payment capabilities, providing services for the bank's corporate clients.This is the latest case of Wall Street giants turning to the blockchain space for innovation against the backdrop of regulatory agencies continuously warning about the risks of digital assets for years. The initial focus of the collaboration will be to explore how to simplify the fund conversion process for Citigroup's institutional clients— including the conversion of cryptocurrency to fiat currency, as well as the reverse operation of purchasing cryptocurrency with fiat currency, covering cross-border scenarios.

ChainCatcher news, according to CoinDesk, Citibank has released a report indicating that stablecoins may drive the next growth phase of cryptocurrency.The bank's analysts compared stablecoins to the rise of money market funds in the 1980s, noting that the main driving force behind stablecoins is their role as a "store of value" in emerging markets facing inflation or institutional weakness, which could further stimulate demand for dollar assets but may also trigger policy responses to limit dollarization.

ChainCatcher news, according to CNBC, Citibank is planning to launch a cryptocurrency custody service in 2026, as stated by an executive from the bank during an interview.As Wall Street giants continue to expand their footprint in the digital currency space, this move by Citibank indicates that traditional financial institutions are accelerating their entry into this arena. Biswarup Chatterjee, the bank's Global Head of Services Collaboration and Innovation, mentioned that the bank has been developing cryptocurrency custody services over the past two to three years and has made substantial progress.Chatterjee said, "We are exploring multiple avenues. We hope to launch a trusted custody solution in the coming quarters for our asset management clients and other institutional clients."

ChainCatcher news, according to Jin10, Citigroup has lowered its Bitcoin price forecast for the end of 2025 to $133,000, down from the previous forecast of $135,000.

ChainCatcher news, according to Solid Intel, Citibank announced that it will integrate its blockchain platform Citi Token Services with the US dollar clearing system to provide 24/7 instant cross-border payment services for institutional clients in the US and the UK.

ChainCatcher news, Citigroup released the report "Stablecoins 2030," indicating that it has raised the forecast for stablecoin issuance to a baseline of $1.9 trillion by 2030, with an optimistic scenario potentially reaching $4 trillion. The report also states that if the circulation velocity is at 50 times (similar to the level of fiat currency payment speed), it is predicted that by 2030, stablecoins could support approximately $100 trillion in transaction activity annually, and in the best-case scenario, it could reach $200 trillion.According to DefiLlama data, the total market capitalization of stablecoins is currently about $296.8 billion, with USDT accounting for 58.75%.

ChainCatcher news, according to Gelonghui reports, Citigroup has released a research report predicting that by 2030, 10% of global market trading volume will be conducted through digital assets and tokenized securities.Respondents believe that by then, digital assets or asset tokenization will grow the fastest in the fields of fixed income tokenization, cryptocurrencies, and fund tokenization. Citigroup's latest fifth annual report was conducted through a survey from June to July this year, interviewing 537 executives globally, including those from financial market infrastructure, custody businesses, banks, brokerages, asset management companies, and institutional investors. By asset class, respondents expect that by 2030, 14% of private equity trading volume will be conducted using tokenization and digital assets, with another 11% of over-the-counter trading collateral traded in this manner, while fund trading and stock trading are expected to each adopt this form at 10%, and fixed income trading and derivatives at 9% each.

ChainCatcher news, according to Jinshi reports, Citigroup's Chief Investment Officer Kate Moore stated that the dollar has temporarily stopped its decline. If the market is truly convinced that the Federal Reserve will continue its rate-cutting cycle, then it is reasonable to assume that the dollar will soften slightly.

ChainCatcher news, according to Reuters, Citigroup is exploring the provision of stablecoin custody and other services. After Congress passed a law paving the way for the widespread use of crypto tokens for payments, settlements, and other services, Citigroup has become one of the few traditional institutions considering entering the stablecoin space.Biswarup Chatterjee, Head of Global Partnerships and Innovation in Citigroup's Services division, stated that providing custody services for high-quality assets supporting stablecoins is a primary consideration for Citigroup.Additionally, Citigroup is also exploring digital asset custody services to support crypto-related investment products, as well as using stablecoins to accelerate payment speeds, allowing customers to send stablecoins between accounts or convert them to dollars for instant payments.