Talos

Wells Fargo is in discussions with Payward, the parent company of Kraken, about using the firm as a crypto liquidity provider. The talks highlight how major banks are increasingly working with established digital asset companies as regulatory conditions become more constructive.

Bitcoin remains pinned near $80,000 as crypto traders reduce risk ahead of an expected Federal Reserve rate hike. Stablecoin positioning and subdued leverage suggest the bigger market move may come after policymakers clarify the path ahead.