Crypto.com filed an application with the U.S. Office of the Comptroller of the Currency on Friday for a national trust charter to broaden custody services for digital assets including ETFs and treasury products. The exchange joins Ripple Labs, BitGo, and Circle Internet Group in seeking federal oversight. The company currently operates as a state-registered non-depository trust in New Hampshire.

Overseas renminbi lending by Chinese banks reached a record RMB3.4 trillion ($480 billion), marking a 35% increase from the previous high, according to China's State Administration of Foreign Exchange. The renminbi's share in global trade finance rose from under 2% to 7.6% over three years, Swift data showed. China's Cross-Border Interbank Payment System now processes over RMB40 trillion quarterly, reflecting Beijing's push to reduce dollar dependence in global finance.

Major Wall Street banks now expect the Federal Reserve to stop reducing its $6.6 trillion balance sheet this month. JPMorgan and Bank of America moved up their previous forecasts from December 2025 or early 2026 after funding costs surged and liquidity indicators tightened sharply.