The Office of the Comptroller of the Currency confirmed national banks may act as intermediaries for customer crypto transactions using a riskless principal structure, aligning digital-asset intermediation with traditional brokerage activity. The move gives regulated banks a clear pathway to serve client crypto demand without taking balance-sheet market risk, while remaining subject to safety-and-soundness standards and AML/KYC oversight.
Source: FinanceFeeds
PNC becomes first major U.S. bank to offer in-app spot bitcoin trading
PNC Private Bank clients can now buy, sell and hold bitcoin directly within PNC’s digital platform via Coinbase’s Crypto-as-a-Service infrastructure. The launch helps PNC retain high‑net‑worth crypto flows on-platform and signals deeper integration of digital assets into mainstream wealth management.
Source: FinanceFeeds
SpaceX prepares record IPO in 2026, targeting a $1.5 trillion valuation
Elon Musk’s SpaceX is aiming for a mid-to-late 2026 public listing that would raise well over $30 billion and value the company near $1.5 trillion, eclipsing prior global IPO records. Proceeds would fund Starlink expansion, Starship development, and new space-based data center and AI initiatives, underscoring investor appetite for vertically integrated space-tech platforms.
Source: FinanceFeeds
Oil posts biggest two-day drop in nearly a month as supply builds and peace signals emerge
Crude prices fell for a second straight session amid a backdrop of ample supply and reports of progress in Ukraine peace talks, curbing risk premia. The pullback comes as API data showed U.S. crude inventories down 4.8M barrels last week, while precious metals diverged with silver recently touching record territory as investors rotated within commodities.
Source: Seeking Alpha
EU opens antitrust probe into Google’s use of online content for AI training
Brussels launched a competition inquiry into whether Google’s use of third‑party online content to train its AI systems breaches EU rules. The case escalates regulatory scrutiny of Big Tech’s AI data practices and could reshape licensing costs, model training pipelines, and content rights frameworks across the industry.
Source: Seeking Alpha
Barclays backs United Fintech, joining growing consortium of global bank investors
Barclays has invested in United Fintech and taken a board seat, becoming the fifth major bank to back the platform alongside BNP Paribas, Citi, Danske Bank, and Standard Chartered. The deal strengthens an industry-neutral ecosystem that helps financial institutions deploy vetted fintech solutions at scale across capital markets, banking, and investment management.
Source: FinanceFeeds
Brookfield and Qatar set up $20 billion venture to invest in AI infrastructure
Brookfield and Qatar are partnering on a $20B vehicle to target data centers and other AI-related infrastructure, tapping surging demand for power, cooling, and low-latency connectivity. The capital commitment highlights the scale of real-asset investment required to support AI adoption across enterprises and hyperscalers.
Source: Seeking Alpha
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