A consortium of major banks—including Bank of America, Goldman Sachs, Deutsche Bank, Citi, and led by BNP Paribas—announced a project to explore issuing 1:1 reserve-backed stablecoins on public blockchains, pegged to G7 currencies such as the U.S. dollar, euro, and Japanese yen.

South Korean exchange Upbit has drawn attention after dramatically increasing its XRP reserves, bringing their value nearly equal to its Bitcoin holdings. This unusual move highlights XRP’s dominance on Upbit, a key crypto trading hub in Asia, and has raised speculation about rising demand and potential upside momentum. Analysts view these large reserves as a significant indicator for XRP price action, especially in global markets where Bitcoin typically leads.

Anchorage Digital, a U.S.-chartered crypto bank, has expanded its offerings to include custody and staking support for Starknet’s STRK token, opening the door for institutional investors to earn staking rewards. The move builds on Anchorage’s existing STRK custody services and responds to growing demand for yield-generating crypto products. Currently, staked STRK offers an annual percentage rate (APR) of 7.28%, making it competitive with traditional yield options.