The Wire PM — July 25, 2026
Sberbank plans crypto trading rails by December as Wise refiles for a US charter under the GENIUS Act.
The Wire PM — July 25, 2026
A quiet post-close session, with two institutional stories setting the tone. Prices held flat to slightly green into the weekend.
Sberbank targets December for crypto trading rails. Russia's largest bank said it plans to stand up crypto trading infrastructure by December. That would place a state-linked lender at the center of the country's digital asset market rather than leaving access to retail venues. The timeline points to regulated Russian institutions building direct market plumbing, though sanctions exposure keeps counterparty risk high for anyone on the other side.
Wise refiles for a US charter under the GENIUS Act. The UK fintech will resubmit its national trust bank application after the OCC denied its bid this week, citing anti money laundering and terrorism financing risks. The rejection stands out because the same regulator approved comparable charters for digital asset firms over the past year. A GENIUS Act charter would give Wise a federal route to handle stablecoin activity, so its second attempt is a live test of how consistently the OCC applies the new framework.
Numbers (Updated)
- BTC: $64,366 (+0.4%)
- SOL: $74.63 (+1.2%)
- ETH: $1,874.70 (+0.9%)
- Solana TVL: $4.81B
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