Citigroup Starts MicroStrategy at Buy, $240 Target Sees 45% Upside

Citigroup and Coinbase Automate Stablecoin-to-Fiat Conversion for Institutional Clients

This call comes amid a broader narrative of China's economic slowdown, with deflationary pressures and property sector woes. It reflects a flight to safety within Chinese assets, but also highlights the global hunt for yield as developed market rates peak. For crypto, this could divert capital from risk assets like Bitcoin, especially if it reinforces a strong dollar narrative.

30-year Chinese government bonds

Citigroup Inc. is advising investors to buy 30-year Chinese government bonds, expecting economic weakness and tapering supply to boost demand.

Citigroup Tells Clients to Buy 30-Year Chinese Government Bonds

Citigroup's buy call on 30-year CGBs could pressure China to accelerate digital yuan bond issuance, creating a new on-chain yield asset that competes with BTC for institutional capital.

Citigroup Taps Coinbase to Let Corporate Clients Accept Stablecoin Payments

Coinbase and Citigroup Team Up to Let Corporate Clients Accept Stablecoin Payments

Citi Taps Coinbase to Let Corporate Clients Accept Stablecoin Payments

BofA, Citi, Goldman Among 21 Institutions Planning Dollar Stablecoin

Bitcoin

It reflects ongoing innovation in cross-border banking services for NRIs, but without blockchain integration or crypto settlement, it does not signal a shift in crypto adoption. The broader trend of traditional banks enhancing international deposit offerings could indirectly affect capital flows, but the crypto market is currently driven by macro factors like the recent BTC rally and Fear & Greed at 73.

Citigroup Inc. and Axis Bank Ltd. have partnered to finance non-resident Indians investing in foreign-currency deposits.

Citigroup, Axis Bank Team Up to Finance NRI Foreign-Currency Deposits

Citigroup-Axis NRI Deposit Deal Is a Bullish Signal for Bitcoin: Banks Are Building the Rails That Crypto Needs

Citigroup Turns Bearish on Dollar as Fed Policy Shift Reshapes Outlook

Citigroup to Add Bitcoin Custody to Institutional Platform Later This Year

Citigroup Flags Bond Rally Potential in Political Gridlock Scenario

Citi Reaffirms KOSPI 10,000 Target After Tuesday's Sharp Reversal

Goldman Sachs Q2 Profit Surges to $6.63B, Citi Slips on Expense Outlook

US Spot Bitcoin ETFs See Record $4.5B Outflows in June as Bitcoin Hits 21-Month Low

JPMorgan and Citi Plan Tokenized Deposit Network for Next Year

JPMorgan, Citi, BofA, Wells Fargo Team Up on Tokenized Deposit Network

JPMorgan, Bank of America, Citigroup Plan Tokenized Network to Counter Stablecoins