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OCC Authorizes National Banks to Hold Crypto Assets for Operations
The Office of the Comptroller of the Currency issued Interpretive Letter 1186 on November 18, authorizing national banks to hold native crypto assets and pay blockchain network fees. The guidance enables banks to acquire tokens needed for transaction fees and testing purposes on distributed-ledger networks. Banks may now hold assets on networks including Ethereum, Solana, and Avalanche for operational requirements rather than speculative positions.
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1h ago
Oracle Market Value Falls $315 Billion Since OpenAI Partnership Announcement
Oracle Corporation's market capitalization has declined by $315 billion since announcing a $300 billion cloud infrastructure partnership with OpenAI on September 10. The company plans to allocate $35 billion toward capital expenditures in the current fiscal year, with projections reaching $80 billion annually by 2029. Net debt has increased to 2.5 times EBITDA, more than doubling since 2021, with negative cash flow expected through five consecutive fiscal years.
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Solana and XRP ETFs Record Highest 2025 First-Day Volumes as Token Prices Fall 7–20%
Bitwise's Solana Staking ETF logged $56 million in debut trading volume, while Canary Capital's XRP ETF posted $58 million—the two highest launch volumes for any ETF in 2025, according to market data. SOL declined approximately 20% from $205 to $165 in the week following its ETF debut, and XRP fell roughly 7% in the 48 hours surrounding its listing. Both assets reached multi-month lows despite positive net creations in their respective ETF vehicles.
2h ago