Citigroup warns Ether may retreat to $4,300 by year-end, citing macroeconomic headwinds, tighter monetary policy and waning risk appetite; the bank cautions investors to prepare for heightened volatility.
Emirates NBD, a government-owned bank in Dubai, has expanded its services by offering crypto trading through the Liv X app. This initiative is part of the bank’s strategy to embrace digital assets and enhance customer engagement in the evolving financial landscape.
Littio, a prominent LatAm bank, shifts from Ethereum to Avalanche amidst rising demand for RWA vaults. This strategic move resonates with the evolving fintech landscape in the region.
NYSE-listed New York Community Bancorp, Inc. (NYCB) has closed its previously announced capital infusion transaction, securing $1 billion in aggregate capital. As part of the transaction, NYCB has issued and sold 50 million shares of its common stock to a group of institutional investors at a price of $20.00 per share. Concurrently, NYCB has announced a one-for-five reverse stock split, which will become effective on February 28, 2023.