deposits

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.

Tether CEO Paolo Ardoino stated that stablecoins are a more trustworthy form of currency than tokenized bank deposits, the former being almost fully backed by U.S. Treasury bonds, while the latter typically only has 10% of liquid assets backing it. Pablo Hernandez de Cos, General Manager of the Bank for International Settlements (BIS), mentioned that stablecoins face issues such as redemption capability, supply, interoperability, and facilitating crime, and he referred to tokenized bank deposits as a more direct path to preserving the monetary system's foundation while utilizing tokenization.Ardoino pointed out that the market capitalization of USDT has exceeded $183 billion and is used by some emerging markets for domestic and cross-border commerce. In discussions surrounding the Digital Asset Market Transparency Act (CLARITY Act), banks are concerned that allowing cryptocurrency exchanges to provide incentives for stablecoins could lead to a shift in deposits.

In response to the recent warning from Pablo Hernández de Cos, General Manager of the Bank for International Settlements (BIS), regarding the risks that stablecoins may pose to financial stability, Tether CEO Paolo Ardonio took to the X platform to criticize the BIS.He stated that there is a fundamental difference in the underlying risk structure between stablecoins and tokenized bank deposits. Stablecoins are essentially tools that are 100% backed by high-liquidity assets (such as U.S. Treasury bonds); in contrast, tokenized bank deposits still belong to the deposit system of banks, which typically use a fractional reserve model, with only a portion backed by high-liquidity assets.

The Independent Community Bankers of America (ICBA), representing about 5,000 community banks in the United States, is opposing the Clarity for Digital Assets Act (CLARITY Act). ICBA Chair and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, with no compromise solutions. The ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill. Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them into local communities. She also criticized the report titled "Impact of the Stablecoin Yield Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it cannot secure support from at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

Vassilis Tziokas from Matter Labs pointed out in a CoinDesk article that the U.S. Senate has postponed the Clarity Act until September. This market structure bill failed to complete the final vote before the August recess, meaning that regulatory rules for the digital asset market will take weeks to be implemented. Meanwhile, banks are not waiting for regulation; JPMorgan has processed over $30 trillion in transactions through the Kinexys platform and launched the deposit token JPMD, while Citigroup operates cross-border Treasury token services. A clearinghouse, in collaboration with 17 major financial institutions, plans to achieve on-chain tokenized deposit clearing by 2027.The article argues that the interoperability of interbank tokenized deposits does not come from messaging standards or token bridges, but is realized through clearing mechanisms: the sending bank redeems tokens, the receiving bank issues its own tokens, inter-institutional obligations are recorded and netted, and ultimately settled in central bank currency. The engineering challenge lies in simultaneously satisfying privacy, neutrality, and verifiability; each institution must operate its own ledger, prove transfers through cryptography without exposing underlying data, and anchor to a neutral settlement facility owned by no participants.The author notes that the Clarity Act will not directly regulate tokenized deposits, but it can clarify the boundaries of the digital asset market and improve the stablecoin framework established by the GENIUS Act. The Global Financial Markets Association's report in April 2026 lists unresolved gaps such as unified processing of cross-border tokenized deposits and guidelines for off-network transfers, which are regulatory unlocking points for interbank tokenized fund interoperability. In the face of regulatory uncertainty, banks rationally choose to isolate, and each month of delay rewards closed gardens.

According to monitoring by Lookonchain, the Bitcoin mining company Metaplanet (@Metaplanet) has purchased 43,000 bitcoins, with a total value of 3.48 billion dollars and an average purchase price of 96,191 dollars.An hour ago, the company deposited another 1,350 bitcoins into Coinbase Prime, worth 108 million dollars.

Researchers at the Federal Reserve Bank of Dallas, abbreviated as Dallas Fed, indicate that tokenized deposits and real-time blockchain transfers may weaken bank liquidity and limit their ability to issue long-term loans. The study was authored by Rosie Levy and Srini Ramaswamy.The research points out that of the $7 trillion in term risk borne by U.S. banks, approximately 80% is supported by the term characteristics of traditional deposits. If the weighted average term of deposits shortens by 10%, the banking system's term transformation capacity will decrease by about $580 billion, potentially increasing liquidity risk and pressure for fund outflows. Chris Turner, co-founder of Kula, stated that the speed of token transfers does not equate to the legal settlement of underlying financial claims. Tokens can be transferred through the blockchain network in seconds, but payments, ownership, and legal claims still rely on banks, custodians, clearing systems, and regulatory registries to complete the settlement.

The Aave on-chain dashboard shows that the current active loan scale of Aave V4 is $216 million. The V4 deployment covers Ethereum, Optimism, and Avalanche, with Ethereum Core deposits at $378 million, EtherFi Cash on Optimism at $257 million, Ethereum Global Dollar at $75 million, and Ethereum Prime at $63 million.User deposits for Aave V3 still reach $31 billion, with Ethereum Core at $25 billion. Aave's documentation states that V4 adopts a hub-and-spoke system to centralize liquidity and accounting, and sets independent borrowing rules and risk limits for different markets.

The Aave on-chain dashboard shows that V4 user deposits have reached $806 million, a 30% increase over 7 days, setting a new historical high. On August 19, deposits surpassed $500 million, on August 21 surpassed $600 million, and then within six days surpassed $800 million; on August 25, Ethereum V4 deposits alone exceeded $500 million.V4 active loans reached $206 million, with the EtherFi market having active loans of $62 million, and weETH collateral supporting WETH lending, with a utilization rate of 92%. The current market covers Ethereum, Optimism, and Avalanche deployments: Ethereum Core holds $378 million, EtherFi Cash on Optimism is $257 million, Ethereum Global Dollar is $75 million, Ethereum Prime is $63 million, Avalanche Core is $18 million, and Ethereum Plus is $15 million.In terms of deposit composition, weETH leads with $97 million, USDG $90 million, WETH and USDC each $81 million, liquidETH $77 million, liquidUSD $58 million, and WBTC $54 million. In comparison, V3 deposits reached $31 billion, while V4 replaces V3's market-per-pool design with a hub-and-spoke system.

According to CoinDesk, Dallas Federal Reserve economists Rosie Levy and Srini Ramaswamy estimate that if depositors' sensitivity to interest rates increases by 10%, tokenized deposits could reduce U.S. banks' ability to bear long-term interest rate risk by about $700 billion; if tokenization leads to a 10% early outflow of deposits, banks would lose about $580 billion in risk absorption capacity.Tokenized deposits place commercial bank money on the blockchain, supporting programmable payments and real-time settlement, but smart contracts and AI agents could automate deposit transfers, weakening deposit stickiness. Banks can respond by raising deposit rates, increasing reserves and government bonds, or relying more on term debt, but this could drive up credit costs for consumers and businesses.Research from Brazil's instant payment network Pix shows that more frequent use of the system increases banks' holdings of liquid assets like government bonds while reducing credit intermediation. Currently, tokenized deposits are still in the early stages, with clearinghouses and U.S. banks such as Bank of America, Citibank, and Wells Fargo developing interoperable networks that support interbank clearing, automated workflows, and 24/7 settlement.

According to Cointelegraph, the deposit scale of the V4 version of the decentralized lending protocol Aave is approaching $750 million. In the past week, this version has attracted over $300 million in inflows, showing significant deposit growth.As a mainstream DeFi lending platform, Aave's V4 upgrade continues to receive market attention, and the recent net inflows reflect users' recognition of the protocol's liquidity and functionality.

Aave V4's deposit size has surpassed 600 million USD, setting a new all-time high (ATH). Aave founder Stani Kulechov retweeted stating "Aave V4 crossed another ATH," and mentioned that he will "continue to invest in work."

On August 21, Upbit listed MANTRA (OM) as a trading warning item, and the deposit and withdrawal of this cryptocurrency has been suspended.

MANTRA Chain tweeted that it has noticed events affecting MANTRA Chain and has temporarily suspended the operation of the chain as a precautionary measure while conducting an investigation. Currently, all endpoints and transactions have been frozen.This means that deposits to MANTRA Chain and withdrawals from the chain are temporarily affected. If users are unsure of the specific impact on a particular transaction, it is recommended to pause operations and wait for further notice. The team stated that there is currently no fundamental cause or recovery timeline to announce and will update as soon as verified information is obtained through official channels, reminding users to rely only on official MANTRA channels for updates.

According to on-chain analyst @ai_9684xtpa, the Pump.fun fee address has deposited 72,252.69 SOL to Kraken in the past 15 minutes, worth approximately 6.303 million USD.

According to KOL Kuai Dong (@_FORAB), several cryptocurrency practitioners reported this morning that their addresses on other exchanges inexplicably received small deposits from HTX exchange, and shortly after receiving them, their accounts were frozen. Previously, several exchanges, including Binance and OKX, announced that in response to sanctions from the EU and the UK, they would no longer process deposits and withdrawals from HTX, otherwise accounts could be forcibly frozen. Some users in the community claimed that this action is similar to "address poisoning," which could trigger KYT/AML risk control on other platforms.However, HTX market manager MollyFu stated that the official side absolutely did not engage in such behavior; it is either a misunderstanding or someone is deliberately causing trouble. The platform has been processing tens of thousands of deposits and withdrawals daily in the past two days, and accounts are normal. They will not randomly airdrop to users on other platforms; if testing is conducted, it will only be done on a small scale through their own accounts. HTX stated that they have held an internal meeting to discuss the matter and are quickly investigating the cause, promising to provide an explanation to the community.

According to DefiLlama data, the total value of RWA (real-world assets) deposited in DeFi protocols has increased from 12 million dollars three years ago to nearly 4 billion dollars today, an increase of more than 300 times.

According to on-chain analysts, a Bitcoin whale who has held their position for three years has a cost basis as low as $20,000, with peak unrealized profits exceeding $15.31 million.This address deposited 158.7 BTC, worth $10.01 million, to Coinbase 8 hours ago, with the funds sourced from another address that withdrew the relevant Bitcoin from Kraken on March 11, 2023. During the holding period, this whale did not choose to take profits; if they sell now, they will make a profit of $6.206 million, which is more than a 40% reduction from the peak profit.

According to Sui monitoring, since the Hashi test network went live three weeks ago, it has processed over 1.1 million deposits and 165,000 withdrawals.In the past two weeks, over 50% of Bitcoin Signet transactions came from Hashi test activities.