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ChianCatcher news, Circle's Senior Director of Strategy and Policy for the EU, Patrick Hansen, pointed out in a tweet that among the approximately 23 authorized electronic money token (EMT) issuers in the EU, only 9 have been granted permission to provide crypto asset services (CASP). This means that only these 9 can offer custody and transfer services for the stablecoins they issue, while the remaining 14 can only mint or burn tokens directly to customer wallets and cannot hold or send stablecoins on behalf of customers. This greatly limits the range of services that issuers can provide.Hansen stated that Circle has obtained the necessary CASP approval through the MiCA Article 60 notification procedure to provide custody or payment services related to USDC and EURC for institutional clients. He expressed surprise that more EMT issuers have not taken this step. The 9 that can currently offer some crypto asset services include Circle, Société Générale - Forge, CACEIS Bank, Banking Circle, Bridge, Fiat Republic, Newrails, Blue EMI, and Stable Mint.

On May 13, 2026, the American financial services company Charles Schwab began to gradually open spot trading for Bitcoin and Ethereum to retail customers, with a transaction fee rate of 75 basis points. The company disclosed that customer assets reached $13.1 trillion, with 39.8 million brokerage accounts, and Paxos is responsible for execution and sub-custody.During the earnings call in July, Charles Schwab stated that the progress of the related business is on track and launched a pilot for cryptocurrency asset transfers, while also taking a stake in Paxos. Initially, only Bitcoin and Ethereum are supported, with no support for deposits and withdrawals, and no SIPC protection, except for New York and Louisiana. Charles Schwab customers hold approximately $25 billion in crypto ETP.Morgan Stanley's E*Trade launched Bitcoin, Ethereum, and Solana trading through Zerohash on July 16, with a fee rate of 50 basis points; Fidelity's rate is 1%, and Coinbase's consumer trading implied fee rate is about 1.75%.

Market news shows that Bank of America hedge fund clients continue to increase their positions in U.S. stocks, with weekly buying intensity reaching a new high since 2008.

According to Onchain Lens monitoring, Bitwise purchased 28,085.8 HYPE from Nonco for its ETF clients, valued at approximately 1.52 million USD, and transferred the tokens to its BHYP wallet (0x22B9...90b5).

According to the Wall Street Journal, Wells Fargo plans to launch Tokenized Deposits services aimed at corporate clients, further exploring the application of blockchain technology in the traditional financial system.Wells Fargo stated that the tokenized deposit system will operate on its self-developed blockchain network and support interoperability with other blockchain networks.Tokenized deposits represent bank deposits in a digital form on the blockchain, allowing for faster and more transparent transfers of funds on-chain, while still being supported by the bank's deposit system.This move signifies that large banks are accelerating the construction of blockchain infrastructure and exploring on-chain financial applications in scenarios such as corporate payments, fund management, and inter-institutional settlements.

The Hong Kong Securities and Futures Commission (SFC) issued a restriction notice to Futu Securities International (Hong Kong) Limited, prohibiting it from handling or disposing of assets in customer accounts held by a certain entity, limited to HKD 125,247,000. This entity is suspected of participating in a fraudulent scheme aimed at creating a false or misleading appearance of demand for initial public offering shares. Futu is not the subject of the SFC's investigation, and this restriction notice will not affect Futu or its other clients.According to the notice, Futu must not dispose of or handle the relevant account assets in any way without the SFC's written consent, and must immediately notify the SFC if it receives any instructions related to the restricted assets. The SFC believes that issuing this restriction notice is in the interest of investors and the public. The investigation is still ongoing.

Bitwise CEO posted on the X platform that one of the world's largest wealth management companies has opened the Bitwise Solana Staking ETF BSOL to its advisors and clients.

RootData has integrated stock perpetual contract-related data into the API Professional Edition subscription system, covering core data such as stock perpetual contract trading pairs, market conditions, and liquidity.Currently, the RootData API has served over 220 institutional clients, covering not only mainstream trading platforms like Binance, OKX, Bitget, and Gate, but also widely adopted by market makers and quantitative institutions such as Amber Group and Presto Research. With continuously expanding data dimensions and stable real-time data service capabilities, RootData is gradually becoming an important provider of institutional-level crypto data infrastructure.

According to CoinDesk, Runestone co-founder Leonidas announced that it is launching an open-source Bitcoin client called DOG Mode, aimed at bypassing BIP 110's restrictions on non-financial data. DOG Mode will increase the maximum weight unit for standard transactions from 400,000 to 3,900,000, close to the entire block capacity, and will reduce the dust limit from 294 to 546 satoshis down to 1 satoshi. Leonidas stated that removing the dust limit will free up approximately $25 million in idle funds.The BIP 110 proposal restricts arbitrary data through user-activated soft forks, requiring 55% miner support, which is currently close to zero. DOG Mode does not require any consensus or voting; it only needs to change the forwarding rules of a single node. If enough nodes run and miners accept, transactions can be confirmed. Leonidas mentioned that DOG Mode deviates from Core to a much lesser extent than Knots, and there is currently no code repository or version. He calls on developers to contribute code and miners to add support. The price of DOG tokens has dropped 1.2% in the last 24 hours.

Interactive Brokers announced on Tuesday the expansion of its digital asset business, adding trading tokens such as Aave, Aptos, Canton, Lido DAO, Monad, NEAR Protocol, Plasma, Pax Gold, and Uniswap, and supporting 24/7 stablecoin wallet transfers via USDC, PYUSD, and RLUSD.As of mid-2026, Interactive Brokers manages approximately $930.3 billion in client assets, with cryptocurrency trading commissions starting at 0.12% to 0.18% of the total transaction amount, with a minimum order fee of $1.75, and no additional spreads, markups, or custody fees. The company stated that accounts in the UK and Ireland cannot use stablecoin two-way deposits, and clients of the Irish affiliate cannot access the newly launched crypto assets.

According to Bits.media, Russia's largest private bank, Alfa-Bank, has announced plans to become a digital custodian and provide cryptocurrency-related services, not only for its own clients but also for other legal entities. Dmitry Vitman, the bank's Chief Operating Officer, stated that the bank aims to create investment tools based on open blockchain to attract foreign investors and develop proprietary products and tools that can compete in the international market.He anticipates that after the government cryptocurrency regulatory bill comes into effect, Russia may see retail brokerage services emerge between the end of 2026 and early 2027, involving both Russian and foreign infrastructure, but large-scale liquidity is not expected until at least the end of 2027. Digital custodians are regulated entities responsible under Russian law for monitoring all client cryptocurrency transactions and freezing transfers to addresses not approved by the state.

The cryptocurrency trading platform Gate officially launched a new wealth management service system, Gate Wealth, aimed at ultra-high-net-worth individuals and institutional investors worldwide, providing private banking-level comprehensive services that connect Web3 and traditional finance. Gate Wealth integrates digital assets, fiat currency systems, and real-world assets (RWA) into a unified allocation framework, covering a diverse range of asset classes including cryptocurrency liquidity management, RWA fixed income assets, structured products, global stocks, ETFs, foreign exchange, metals, commodities, U.S. Treasuries, and primary market opportunities.Relying on a multi-jurisdictional compliance framework, an institutional-level liquidity network, and a professional research team, Gate Wealth offers 24/7 exclusive services, supporting large transaction execution, asset allocation, portfolio optimization, and dynamic rebalancing. In terms of building global financial service capabilities, Gate's entities have obtained or completed financial, payment, and virtual asset-related licenses, authorizations, or registrations in multiple core jurisdictions, providing a compliant foundation for Gate Wealth's cross-border asset allocation and multi-asset services.

According to The Block, a survey by CoinShares of 261 wealth management professionals in Europe shows that 52% of UK wealth advisors indicate that most of their clients' crypto asset exposure is outside their management scope (with a management gap exceeding 50%), while the overall percentage in Europe is one-quarter.The report points out that this "management blind spot" is primarily driven by company policies rather than a lack of advisor knowledge or client demand. In companies with explicit restrictions or a lack of internal guidance, the proportion of advisors actively recommending crypto assets is only 1%, while the management gap reaches 34%; in contrast, in companies with clear support, the recommendation rate is 48%, and the management gap is only 4%.The survey also found that the changes advisors most want to see are regulatory recognition of digital assets as a mainstream asset class (45%) and access to exchange-traded products (ETPs) (43%), rather than purely educational training.Currently, the UK's Financial Conduct Authority (FCA) has proposed allowing authorized funds to hold up to 10% in crypto ETPs, and the European regulatory environment is gradually shifting towards support, which may help narrow this management gap.

RetoSwap disclosed on platform X that the team received a report at 2:02 AM (Beijing time) today that the Haveno trading protocol was under attack. They immediately set the minimum client version to 2.0 through the filter function and suspended trading, as well as banned the attacker's onion address. RetoSwap stated that the team was not attacked, and the vulnerability lies at the Haveno protocol level. The losses seem to be limited to large cryptocurrency asset orders, and fiat currency traders were not affected. The team is evaluating plans to assist affected traders in recovery. Trading will resume after the protocol is fixed.Previously, on May 21, it was reported that RetoSwap lost approximately $2.7 million due to vulnerabilities in the Haveno protocol.

Thomas Eichenberger, Chief Strategy Officer of Swiss digital asset bank Sygnum, stated on Thursday that institutional clients are no longer waiting for a single stablecoin to prevail, but are instead demanding the integration of tokenized deposits, regulated stablecoins, and tokenized money market funds within the same infrastructure to achieve interoperability, allowing treasury departments to flexibly switch between permitted settlement, 24/7 cross-border flows, and on-demand liquidity yields.Sygnum has already launched a Swiss franc stablecoin testing project this year in collaboration with Swiss banking institutions such as UBS, PostFinance, Raiffeisen, and Zürcher Kantonalbank. At the infrastructure level, Eichenberger pointed out that most institutional discussions still default to using private chains, but actual operators are leaning towards a "public but permissioned" model, which combines public infrastructure with regulated access control.In addition, the Qivalis alliance, composed of 37 major banks from the European Union, plans to launch a digital euro by the end of this year, with the banking industry's autonomous push directly challenging European Central Bank President Lagarde's stance on central bank-led digital currencies.

According to the Wall Street Journal, Citigroup will launch a blockchain platform that allows wealthy and institutional clients to trade tokenized shares of private company equity, initially open only to overseas investors. Citigroup stated that it has negotiated with several large private companies for participation. As star private companies like SpaceX and Anthropic delay their IPOs, Wall Street's demand for private equity allocation is rising. Citigroup previously predicted that by 2030, the market size for tokenized securities could reach approximately $4 trillion, and has already piloted the tokenization of customer deposits for cross-border settlements through Token Services. Recently, it also joined a tokenized deposit network alliance led by JPMorgan, aiming to achieve year-round settlement of large client funds.

According to Aastocks, Futu Securities has officially announced the approval of its service upgrade for license No. 1 (Securities Trading) by the Hong Kong Securities and Futures Commission, launching virtual asset trading financing services for eligible clients in Hong Kong. It is understood that the collateral for this service must be traditional securities, and the credit limit obtained by clients through traditional securities financing cannot be used for cryptocurrency trading, which is currently relaxed to be usable for cryptocurrency trading.As for using virtual assets directly as collateral for "margin trading," although the circular issued by the Hong Kong Securities and Futures Commission in February relaxed the use of virtual assets as collateral, it also mentioned that before the revision of capital regulations, virtual asset collateral will be subject to a 100% deduction according to the Securities and Futures (Financial Resources) Rules, which is expected to pose certain challenges to the industry's capital efficiency in actual operations.

The Hong Kong Securities and Futures Commission further interpreted the circular issued on May 22. The frequently asked questions (Question 9) in the circular mentioned that licensed companies in Hong Kong can continue to open new accounts for investors from mainland China (i.e., investors using Chinese resident identity cards and/or Chinese passports as identification documents), but must comply with all account opening regulations.The Hong Kong Securities and Futures Commission stated that licensed companies in Hong Kong can continue to provide services to existing clients from mainland China, provided that such services are not offered within mainland China and that they have complied with all relevant laws and regulatory requirements of Hong Kong and applicable jurisdictions. The Hong Kong Securities and Futures Commission also noted that it is aware of the notice jointly issued by the mainland authorities on May 22, 2026, and that the relevant requirements also apply to financial institutions in other jurisdictions (not limited to Hong Kong) when providing services to investors from mainland China.