Tag: Bank

Brazil central bank bans crypto in cross-border eFX rails, tightening oversight

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## Market Snapshot The market for whether the Bank of Brazil will increase the Selic rate after April 2026 is currently priced at 100% YES. Bitcoin price targets, including a rise to $80,000 in April, are priced at 0.1% YES, suggesting limited confidence in reaching these levels. ## Key Takeaways – Brazil’s central bank prohibition on crypto in cross-border eFX rails appears to increase regulatory oversight and financial conditions. – Markets suggest this action could contribute to inflationary pressures, consistent with a possible Selic rate hike. – Bitcoin markets reflect…

Bank of Japan projects economic slowdown for fiscal 2026 amid Middle East tensions

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The Bank of Japan projects a slowdown in economic growth for fiscal 2026, driven by Middle East tensions that have pushed oil prices to record highs. The market for a rate cut after the April 2026 meeting sits at 0.1% YES, unchanged from last week. The geopolitical context could shift this. The Bank of Japan has stressed flexible monetary policy, and energy security concerns raise the probability of rate cuts if elevated oil prices persist. The April 2026 market remains static at 0.1% YES, with only $19 in USDC traded…

US Treasury meets bank CEOs over Anthropic’s Mythos cybersecurity risks

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US Treasury Secretary convened major bank CEOs to address cybersecurity risks from Anthropic’s Mythos. The Polymarket contract for Anthropic’s IPO market cap landing between $100B and $200B by December 31, 2027 sits at 0.6% YES. Market reaction The Anthropic IPO market dropped from 1% yesterday to 0.6% YES. The decline coincides with concerns that regulatory scrutiny or negative sentiment around Mythos could weigh on Anthropic’s valuation at IPO. Liquidity is thin: only $6 in USDC trades daily, and $45 is enough to shift the odds by 5 points. The market…

VTB Bank predicts Bitcoin to hit $250K, market remains skeptical

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VTB Bank, Russia’s second-largest state-owned bank, forecasts Bitcoin hitting $250,000 in the medium term, but the Polymarket contract for “Bitcoin reaching $200,000 by December 31, 2026” sits at 4.9% YES, unchanged over the past week. ## Market reaction The December 31 market has not moved despite the forecast. It remains at 4.9% YES with 251 days left for resolution. The prediction coincides with a crypto bill advancing in Russia’s State Duma, but traders have not repriced the contract. ## Why it matters Daily trading volume is $505 in USDC, and…

UK in talks with Anthropic to deploy AI model for bank cybersecurity

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The UK government is in discussions with Anthropic to deploy its Claude Mythos AI model for cybersecurity in British banks, a development that has pushed the probability of Anthropic ranking as the third-best AI model by April 2026 up by an expected 15%. Market reaction The market on whether Anthropic will have the third-best AI model by April 2026 is drawing interest following the news. Claude Mythos has outperformed previous Anthropic iterations in cybersecurity evaluations, and a government deployment deal would add concrete credibility to its ranking prospects. No specific…

Bank of Korea Governor Supports CBDCs, Deposit Tokens in First Speech

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The newly appointed Governor of the Bank of Korea, Shin Hyun-song, has voiced support for central bank digital currencies (CBDCs) and tokenized deposits in his first public address. Shin, who began his four-year term after an inauguration ceremony in Seoul on Tuesday, said the central bank will advance the second phase of “Project Hangang,” a Bank of Korea-led pilot project to test a blockchain-based, wholesale CBDC system. He also pointed to international cooperation efforts, including the “Agora Project,” an international collaborative initiative launched in April 2024 by the Bank for…

Singapore Gulf Bank Adds Fiat-to-Stablecoin Conversion Feature

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Singapore Gulf Bank (SGB) has introduced a service that lets institutional clients mint and redeem stablecoins directly from their bank accounts, using the Solana layer-1 blockchain network to enable round-the-clock settlement between fiat and digital assets. The service will initially support Circle USDC (USDC) transactions above $100,000 and includes temporary fee waivers for minting and redemption on the Solana network, according to SGB’s announcement. Additional assets such as Tether’s USDT (USDT), Ethena’s USDe (USDe) and Global Dollar (USDG) are expected to follow, the company said. The new feature is integrated…

Singapore Gulf Bank launches USD–USDC stablecoin service on Solana

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Singapore Gulf Bank has introduced a USD–USDC stablecoin mint and redeem service on Solana. The Polymarket contract for Solana reaching $150 in April 2026 sits at 0.1% YES. The stablecoin service targets institutional clients and could add liquidity to Solana’s network. The Solana Price Predictions for April 2026 contract shows a 15% YES probability on reaching $150. The April 13-19 short-term market remains at 0% YES, as infrastructure changes like this don’t tend to move near-term price expectations. The service represents a move toward regulated, bank-operated stablecoin rails, which matters…

South Korea’s Central Bank Pitches Crypto ‘Circuit Breakers’

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South Korea’s central bank says crypto exchanges should have their own “circuit breakers” that halt trading to prevent a repeat of the market fallout after Bithumb mistakenly sent more than $40 billion in Bitcoin to its customers in February. The Bank of Korea said in a payments report on Monday that lawmakers should consider introducing mechanisms similar to the Korea Exchange’s trading curbs to suspend trading if crypto prices suddenly fluctuate. “Currently, the virtual asset industry lacks internal control mechanisms and faces lower regulatory intensity compared to established financial institutions,”…