Good Morning Lions,
Germany's biggest lender is now holding private keys for its clients' BTC and ETH. Custody is the boring, liability-heavy side of crypto (nobody brags about it), so when a bank this size takes it on, that tells me the risk committees got comfortable.. and if you run a corporate treasury, one excuse just disappeared. The big banks are in. I think bank custody pulls in MORE new money than the next ETF headline.
Deutsche Bank Launches Custody for Bitcoin and Ether
TL;DR: Deutsche Bank, Germany's largest lender, launched crypto custody for institutional and corporate clients on Wednesday. Under the service, the bank manages client wallets and private keys for BTC, ETH and a select group of stablecoins.
From LeoDex · Your keys, your coins. Swap any token from your own wallet on LeoDex.
PNC Pilot Converts Incoming USDC Into Dollar Deposits
TL;DR: PNC announced a limited pilot on Nov. 9 that automatically converts eligible corporate clients' incoming USDC on Ethereum into dollar deposits. The conversion runs on Coinbase's Payment APIs. PNC did not disclose fees, counterparties or the effect on its deposits.
Coinbase Adds Auto Stop Controls for AI Agents
TL;DR: According to Crypto Briefing, Coinbase has added auto-stop and product permissions to the control panel for Coinbase for Agents. The service links AI agents such as ChatGPT and Claude directly to Coinbase user accounts.
Arkham Caps Free Users at 100 Latest Transactions
TL;DR: Arkham began charging for its top blockchain intelligence tools on October 20 with the launch of Arkham Enterprise. The paid tier includes Tracer 2.0, and free users are now limited to the 100 most recent transactions per address.
Zcash Falls to Its Weakest Level in Two Months
TL;DR: Zcash dropped to a two-month low on Wednesday and led 24-hour losses among the top 100 cryptocurrencies as privacy coins sold off. The slide came one day after Grayscale pledged $1 million to projects supporting the Zcash network.
I think bank stablecoin rails are proven on the tech side and still unproven on cost, since PNC kept its pilot fees private. Until those fees are public, nobody can call USDC settlement cheaper than a wire. Onward, Lions 🦁 — Khal
More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.