News

ChainCatcher reported that the US asset management company T.Rowe has submitted an application for a cryptocurrency ETF. The ETF is named "T. ROWE PRICE ACTIVE CRYPTO ETF" and aims to outperform the FTSE US Listed Cryptocurrency Index, which consists of the top 10 cryptocurrencies by market capitalization that meet the general listing standards of the US Securities and Exchange Commission (SEC).

Jinse Finance reported, citing informed sources, that the Federal Reserve has submitted an outline of a revised plan to other U.S. regulatory agencies, which will significantly relax the capital requirements for large Wall Street banks proposed during the Biden administration. According to the sources, official estimates indicate that under the Fed's new plan, the overall capital increase for most large banks will be in the range of approximately 3% to 7%. Although the outline does not provide specific forecast data, this estimated range is already significantly lower than the 19% increase proposed in the original 2023 plan, and also lower than the 9% increase suggested in last year's compromise proposal. Some sources said that banks with larger trading portfolios may face even smaller capital increases, or may even see reductions.