# banking

A risk-on rebound pushed crypto higher alongside equities, while large buyers signaled deeper commitment and miners in China quietly expanded capacity despite a formal ban. Tensions between banking access and integration sharpened as a leading bank reportedly eyed crypto collateral, even as account closures and a high-profile $11 million theft underscored persistent operational and personal-security risks.

A presidential pardon for Binance's founder sharpened concerns that political patronage now intersects with stablecoin-fueled finance. At the same time, a 4,000 BTC wallet moved after 14 years and a major bank prepared to accept BTC and ETH as loan collateral, signaling deeper integration of crypto into credit markets. The pivot from meme narratives to custody and collateral mechanics highlights where risk and power are consolidating.