According to the Federal Reserve's Financial Stability Report, the risk of private credit redemptions is considered "limited and controllable" after some funds have recently restricted redemptions. The report states that fund outflows slightly exceeded inflows in the first quarter of 2026, but redemption requests remain controllable. The Federal Reserve warns that continued redemptions may reduce credit availability for high-risk borrowers. Private credit has grown rapidly since the 2008 financial crisis and has recently faced challenges due to record redemptions. The media reported that the Federal Reserve has inquired with banks about relevant risk exposures. Meanwhile, Trump regulatory agencies are seeking to relax rules for large lending institutions to help traditional lending institutions compete.
Bitwise states that BNY Mellon, Citi, DBS, Deutsche Bank, JPMorgan, Soci é t é G é n é rale, and UBS have extensive cryptocurrency exposure in the fields of trading, payments, ETFs, and tokenization. （Cointelegraph）
According to Coinbase's report, its market share has reached a new high of 8.6%, with quarterly trading volume reaching $202 billion, and it will shift its focus to the Base, USDC, and on chain payment sectors. （Cointelegraph）
Kraken's parent company Payward has applied for an OCC license and plans to become a federal bank providing Bitcoin and cryptocurrency services. （Bitcoin Archive）
