Citi and Coinbase Partner to Develop Institutional Digital Asset Payments
Citi and Coinbase Collaboration
- Citi and Coinbase are collaborating to enhance digital asset payment capabilities for Citi's institutional clients.
- The initial focus is on improving fiat payments using Coinbase's infrastructure, with further details to emerge soon.
- The partnership aims to integrate blockchain finance with traditional banking, leveraging Citi's global network and expertise.
- Citi offers services like Token Services and 24/7 USD Clearing to facilitate real-time settlements.
Coinbase Stock Performance
- Coinbase shares have risen due to improved market sentiment following political and regulatory changes in the US.
- The stock traded at $369.50 on Oct. 28, up 4.5% intraday and 7% over five days.
- A JPMorgan report upgraded Coinbase's rating, raising the price target from $342 to $404.
Pepe Node Presale Update
- The Pepe Node presale has raised over $1.9 million, nearing its $2.1 million target.
- Priced at $0.0011, the next tier will unlock in 48 hours, marking a significant milestone for speculative projects.
- Pepe Node allows users to own virtual meme coin mining rigs and merge nodes for higher yield.
