Deutsche Bank

The Clarity Act could give the United States a more durable framework for crypto markets while reducing regulatory uncertainty for major financial institutions. Rather than fearing stablecoin competition, banks may be positioned to benefit from clearer rules around tokenization, custody, trading and digital asset infrastructure.

The dollar enters the week with stronger support from revived Federal Reserve tightening expectations after resilient August payrolls. FX traders are also watching U.S. inflation data, the ECB decision and key EUR/USD and GBP/USD technical levels.

A group of 21 financial institutions plans to establish a company to support stablecoin issuance, starting with a U.S. dollar token for payments and digital asset settlement. The venture is expected to pursue compliance with U.S. and European frameworks while prioritizing a euro-denominated token for expansion.

A group of major global banks has completed real cross-border payments using tokenized central bank reserves and commercial bank deposits in a BIS-led pilot. The test points to growing institutional interest in shared-ledger settlement as banks seek faster, more traceable international payments.

The European Central Bank has selected 36 banks and payment companies for a 12-month digital euro pilot scheduled to begin in the second half of 2027. The trial will test a beta version of the proposed central bank digital currency across online, offline, in-store and e-commerce payments using ECB and national central bank staff as users.

Major brokerages have begun formal coverage of SpaceX after the 25-day post-IPO quiet period expired, with most firms issuing buy-equivalent ratings. Price targets range from $205 to $800 as analysts focus on launch services, Starlink broadband and government contracts.

Deutsche Bank said Bitcoin’s slide below $60,000 reflects a tougher macro backdrop, record ETF outflows and growing pressure from leveraged corporate holders. The bank also pointed to a shift of risk capital into AI-related stocks and infrastructure, which it said is weighing on crypto demand.

Deutsche Bank will debut its own crypto custody service with Bitpanda next year, expanding its digital asset footprint beyond Swiss custodian Taurus. Learn what this means for crypto investors.