Morning Minute: Citi Units Sights on 2026 for Crypto Custody – Decrypt

Morning Minute is a every day e-newsletter written by Tyler Warner. The evaluation and opinions expressed are his personal and don't essentially mirror these of Decrypt. Subscribe to the Morning Minute on Substack.GM!In the present day’s high information:
Crypto majors fall as China commerce battle rhetoric escalates; BTC at $111k
Citi says it'll custody crypto in 2026, evaluating a stablecoin
BMNR passes 1M in ETH holdings; Metaplanet’s mNAV falls beneath 1
Monad airdrop portal declare opens at present
MegaETH teases large week forward (potential Fluffle / ICO sale)
🏦 Citi Units Sights on 2026 for Crypto CustodyMore and extra of the most important gamers in TradFi are embracing crypto.This time, it’s the 2nd largest financial institution within the U.S..📌 What HappenedYesterday, Citi introduced plans to launch institutional crypto custody in 2026.CNBC reported that Citi has spent 2–3 years constructing a custody stack and is concentrating on a 2026 debut geared toward asset managers and different establishments.Section one focuses on certified safekeeping of digital belongings for asset managers and different establishments, with bank-grade controls, segregation, and commonplace SLAs.The construct has been underway for years, with adjoining providers (fund admin, collateral, tokenized money rails) additionally on the roadmap.In parallel, Citi is constructing out its digital-cash stack and evaluating a stablecoin.🗣️ What They’re Saying“We’re hoping that within the subsequent few quarters, we will come to market with a reputable custody resolution that we will provide to our asset managers and different purchasers” – Citi’s Biswarup Chatterjee (international head of partnerships & innovation)“If Citi succeeds, crypto received’t really feel rebellious anymore. It’ll really feel like banking. And that is perhaps the purpose.” – Quick Firm, on X🧠 Why It MattersThe indicators from the most important banks within the U.S. are getting clearer and louder.Citibank is evaluating custody and providers for stablecoins and their reserves (money/T-bills), whereas prioritizing tokenized deposits by way of Citi Token Providers for fast, 24/7 treasury and funds.A Citi-issued stablecoin stays underneath analysis, however the near-term emphasis is on tokenized financial institution cash and stablecoin-reserve custody fairly than minting a client coin on day one.Citi is sequencing this like a financial institution: custody first, cash rails subsequent, issuance non-obligatory.However assuming this. goes reside in 2026 with some severe demand – count on extra crypto merchandise to return.That is just the start of the TradFi crypto wave.Buckle up…🌎 Macro Crypto and MemesA few Crypto and Web3 headlines that caught my eye:
Crypto majors are purple once more after Monday’s temporary rebound; BTC -3% at $111,400, ETH -3% at $3,980, BNB -8% at $1,190, SOL +1% at $196
MYX (+13%), TAO (+6%) and CAKE (+2%) led high movers
Gold hit one other new ATH over $4,180 in a single day
The Bitcoin ETFs noticed $326.4M in internet outflows on Monday regardless of Blackrock’s $60M in inflows
Citi plans to launch crypto custody in 2026, extending TradFi integration
The “Trump insider whale” denied entry to tariff information and reopened a ~$340M Bitcoin quick
Ripple funded a $200,000 “attackathon” with Immunefi to stress-test the XRP Ledger lending protocol forward of mainnet rollout and audits
Nigel Farage known as for “smart” U.Okay. crypto reform at DAS London, arguing Britain lacks a correct regulated crypto market at present.
Commerce xyz launched perps entry for shares, with an index of the highest 100 shares out there for buying and selling
In Company Treasuries / ETFsIn Memes
Memecoin leaders are very purple once more; DOGE -6%, Shiba -6%, PEPE -6%, PENGU -7%, BONK -4%, TRUMP -3%, SPX -10%, and FARTCOIN -8%
The Home of Doge will go public with ticker TBH by means of a reverse takeover with Brag Home Holdings
💰 Token, Airdrop & Protocol TrackerHere’s a rundown of main token, protocol and airdrop information from the day:🚚 What is going on in NFTs?Right here is the listing of different notable headlines from the day in NFTs:Day by day Debrief NewsletterStart on daily basis with the highest information tales proper now, plus authentic options, a podcast, movies and extra.