savings

According to Bitcoin Magazine, the Bitcoin fintech company Castle announced that it will open its automated Bitcoin financial stack to individual users and launch a pioneering feature in this category: users can choose to receive dividend income in cash or Bitcoin at any ratio.Castle's revenue comes from the perpetual preferred stock STRC issued by Strategy, which was incorporated into the platform earlier this year and currently pays an annualized dividend of 12% on a semi-monthly basis. Users can receive 100% of the dividends in cash, convert 100% to Bitcoin, or choose any ratio between the two. According to the company, most users opt for a compromise solution, using cash to cover daily expenses while automatically reinvesting the remaining portion into Bitcoin with each dividend payout.Castle co-founder and CTO João Almeida stated that investors have long faced a dilemma of choosing between stable income and holding Bitcoin. Castle allows users to achieve both cash flow and long-term upside by automatically converting a portion of the dividends into Bitcoin. Previously, Castle only catered to business clients such as restaurants, gyms, accounting firms, and e-commerce; the opening of personal accounts was due to repeated requests from business owners. Castle was co-founded by Almeida and CEO Stephen Cole and has received investments from Boost VC and Winklevoss Capital.

Irish Deputy Prime Minister and Minister for Finance Simon Harris announced the framework for the country's new savings and investment plan via an Instagram video on Sunday, explicitly excluding crypto assets. Savers can hold stocks, bonds, funds, exchange-traded funds, and insurance products, while cryptocurrencies, derivatives, and interest-bearing cash are not permitted. The plan aims to guide approximately $203 billion (€175 billion) in deposits held by Irish households in bank accounts into the investment sector.Every Irish tax resident aged 18 and over can open an account, with contributions within the tax-free allowance being completely tax-exempt, while amounts exceeding this will be taxed at a low fixed rate annually. There are no minimum contribution amounts or lock-in period restrictions, but there is an annual contribution limit. Specific thresholds and tax rates will be announced on the budget day of October 6, with accounts expected to open next year. Research from the Central Bank of Ireland shows that Irish households allocate only 2.3% of their financial assets to direct investments such as listed stocks and bonds, significantly lower than the EU average of 7.5%.Harris also confirmed that the new accounts will not be subject to the "deemed disposal" rule—this rule requires certain funds to be taxed at a rate of 38% every eight years. The government will review this regulation more broadly in the coming weeks. A survey by the Central Bank of Ireland found that about 10% of adults hold crypto assets, primarily young men, with an average holding of approximately €2,266. Prior to the exclusion of crypto assets, Ireland launched its first national anti-money laundering strategy on August 13, enhancing scrutiny of private wallet transfers and due diligence requirements for overseas crypto businesses.

Bitcoin News posted on the X platform that a Trezor user claimed their life savings were stolen after clicking on a Google sponsored search result impersonating Trezor. The phishing page was hosted on Google Sites and allegedly tricked victims into entering their wallet recovery seed.Trezor stated that it is upgrading its response to the report, working to remove the website, and reminding users to never enter their wallet backups or recovery phrases on any website or online form. Google sponsored phishing ads remain a persistent attack vector faced by cryptocurrency users.

According to Cointelegraph, Russia's largest bank, Sberbank, plans to establish cryptocurrency trading infrastructure by December 1 at the latest, which includes a digital repository.Previously, Russia was incorporating cryptocurrency trading, custody, and settlement into its regulated financial system. The digital repository will record the ownership of cryptocurrencies and handle most transactions outside the main blockchain. Sberbank will operate active wallets for customers to make deposits, withdrawals, and transfers.

According to Jinshi News, the president of the Russian Federation Savings Bank stated that the key interest rate needs to be lowered.

The decentralized finance protocol Ethena announced a partnership with Coinbase, and both parties will jointly develop on-chain financial and savings products for Coinbase's over 100 million users, with the first growth plan set to launch next week.Meanwhile, Coinbase Ventures has completed its initial investment in Ethena (ENA) in the public market.

It has been reported that banks in the Hong Kong region are tightening account openings. According to informed sources, in accordance with the requirements of the Hong Kong Monetary Authority, some banks in the Hong Kong region will start tightening the opening of investment accounts from May 26, including the need to sign paper declarations, but there is currently no impact on savings accounts.

According to data released by Binance Research, currently 28% of Binance users allocate at least half of their investment portfolio to stablecoins, a significant increase from 4% in 2020; in emerging markets, this proportion is as high as 36%.

According to Crowdfund Insider, the Dutch bank ClearBank has announced that it has obtained approval for the EU's Markets in Crypto-Assets Regulation (MiCA) and has received a Crypto Asset Service Provider (CASP) license from the Netherlands Authority for the Financial Markets (AFM). It will launch digital asset services, including stablecoins. The bank also stated that it plans to support euro and dollar-based stablecoins (EURC and USDC) in the future to enhance the efficiency of cross-border transfers and payments.In addition, ClearBank announced that it will provide savings account services through Coinbase and will be included in the coverage of the UK's Financial Services Compensation Scheme (FSCS).

CZ posted on the X platform stating that this is a profound topic. Typically, people have lower earning potential when they are young and need to strike a balance between spending, saving, and investing (financial investment or self-investment). The key is to find an almost optimal balance point. The book "Die with Zero" explores this topic in more detail.

Uber and Lyft former executive Travis VanderZanden announced the launch of a Bitcoin-linked savings token called BUCK, which aims to provide users with an approximate target annual return of 7%.

According to Bitcoin Magazine, Fidelity CEO Abigail Johnson said, "I love Bitcoin. I hold Bitcoin. It will play an important role in the savings system."

French Bitcoin savings app Bitstack announced the completion of a $15 million Series A funding round, led by 13books Capital, with follow-on investments from existing shareholders including YC, Serena, and Plug and Play.The new funds will be used for expansion in Europe and product upgrades, including the launch of a VISA debit card with Bitcoin cashback (Stackback) in January 2026. Bitstack claims its goal is to become "the leading Bitcoin savings platform in Europe."

According to Jinshi, Federal Reserve Governor Milan stated that independent estimates of the growth of stablecoins indicate that their impact could reach 30%-60% of the savings during the period from 2000 to 2010.

According to The Block, Coinbase launched savings accounts in the UK starting November 11, becoming the first regulated savings product offered by a crypto-native exchange. The account is powered by ClearBank and is initially available to a select group of eligible users, with plans to gradually roll out to all UK users in the coming weeks.Users can enjoy a variable annual interest rate of 3.75% AER on deposits in British pounds (GBP), with interest calculated daily, instant deposits and withdrawals, and no minimum balance or lock-in period. More importantly, deposits are protected by the Financial Services Compensation Scheme (FSCS), with a maximum coverage of £85,000 (approximately $112,000), providing the same level of protection as traditional UK banks.Coinbase UK's CEO Keith Grose stated that this product demonstrates the company's commitment to providing the best financial services for UK users, aiming to become the number one financial app in the UK. Product lead Mitesh Savjani added that the account combines high interest rates with crypto asset trading, allowing users to enjoy the advantages of both traditional finance and crypto finance on a single platform.The UK is Coinbase's largest international market, having obtained FCA registration as a Virtual Asset Service Provider (VASP) in February this year, making it the largest registered exchange in the region. With the Coinbase Card, users can spend directly in cryptocurrency, stablecoins, or fiat currency, further blurring the lines between crypto and traditional finance.However, Coinbase has faced regulatory challenges in the UK and Ireland in recent years. In 2024, the UK subsidiary was fined $4.5 million by the FCA for violating high-risk customer service restrictions; last week, the Central Bank of Ireland also fined Coinbase's European subsidiary $24.7 million for deficiencies in anti-money laundering monitoring.This savings account offers a higher interest rate than most traditional banks but is slightly lower than some top fintech products, indicating that Coinbase is actively seeking to capture the UK retail financial market.

ChainCatcher news, according to CoinDesk, Aave Labs, the company behind Aave, announced the acquisition of San Francisco-based startup Stable Finance, which focuses on simplifying on-chain savings services.This acquisition will bring Stable Finance founder Mario Baxter Cabrera and his engineering team into Aave Labs, with Cabrera serving as the Product Director to assist in building consumer-facing DeFi products. Stable Finance is known for its mobile application that allows users to deposit USD or cryptocurrencies and earn interest through stablecoin yield strategies, providing users with a single on-chain savings interface that hides the technical complexities of DeFi.Aave Labs founder Stani Kulechov stated that this acquisition strengthens the company's goal of "transforming on-chain finance into everyday finance." Stable's technology will be integrated into future Aave Labs products, and its existing applications will be gradually phased out.

ChainCatcher news, the DeFi protocol Spark has released its roadmap for the next 6 months today, planning to launch several new products including Savings V2, Spark Institutional Lending, and the mobile application Spark Mobile, as well as further expanding stablecoin liquidity services and automated trading business.According to the roadmap, Savings V2 will go live on the Ethereum mainnet in October this year after receiving governance approval. This version will add support for USDT and ETH on top of the existing USDC treasury (with a TVL of $620 million). Spark Institutional Lending will utilize the Morpho V2 architecture to provide fixed-rate loans for institutions, expected to launch by the end of this year, with an initial liquidity scale exceeding $100 million and anticipated to grow to over $1 billion.

ChainCatcher news, Bitget has launched a new VIP financial management event, with VIPs enjoying an 8.6% APR on USDC savings. Users can go to Bitget Simple Earn to make corresponding subscriptions.

ChainCatcher news, according to Zhitong Finance, Australia's retirement fund system, which amounts to AUD 4.3 trillion (approximately USD 2.8 trillion) ------ long regarded as one of the most well-regulated savings pools globally ------ is becoming a new frontier for cryptocurrency.Coinbase and OKX have successively launched products aimed at investing pension funds in cryptocurrencies, marking a further infiltration of digital assets into the mainstream financial system. Their initial focus is on self-managed superannuation funds (SMSFs) ------ these funds, managed independently by investors, account for a quarter of the Australian pension market. Unlike mainstream pension funds that generally avoid cryptocurrency assets, SMSFs provide individuals with full investment autonomy.A spokesperson for the Australian Securities and Investments Commission (ASIC) stated, "Such products are extremely volatile, and excessive exposure may lead to significant losses." The agency also recommends that consumers seek professional advice from accountants or financial advisors before establishing an SMSF. It emphasized, "We remind those considering setting up an SMSF that the core objective of the pension system is to preserve and grow value, ultimately providing individuals with the income needed for a decent retirement."