Altcoin Bloodbath: ETH, XRP, SOL, DOGE Crumble as Liquidations Near $900M

The post Anchorage Digital applies for a Fed master account; what is it? appeared on BitcoinEthereumNews.com. Anchorage Digital Bank has formally applied for a Federal Reserve master account, according to a database update published Friday. The filing confirms months of speculation after Anchorage co-founder and CEO Nathan McCauley declined to comment on the matter in June.  According to the Crypto In America podcast host Eleanor Terrett, the crypto bank for institutions submitted an application to federal regulators on August 28.  Another semi-interesting thing in this latest update: the Fed has rejected a request from a Tier 1 institution. Notable because under the Fed’s 2022 guidelines applications from Tier 1 institutions are “generally … subject to a less intensive and more streamlined review” pic.twitter.com/vn8uYkycui — Bank Reg Blog (@bank_reg) September 19, 2025 Anchorage is the only digital asset company that holds a national trust bank charter, a designation it received from the US Office of the Comptroller of the Currency (OCC) in 2021. That charter authorizes Anchorage to operate as a federally regulated trust bank but does not grant the same payment access that comes with a Fed master account.  What is a Fed master account? A master account is the operational foundation that allows banks to settle transactions directly with the central bank and hold balances with the Federal Reserve. Depository institutions use these accounts to hold reserves and access the Fed’s payment services, including settlement of wire transfers, check clearing, and other interbank transactions. Without such access, banks must use third-party intermediaries to route payments. If Anchorage Digital acquired the account, it could become the first and only crypto bank that could hold assets outside digital currencies, just like traditional financial institutions.  Anchorage became one of the first federally chartered digital-asset banks when the OCC conditionally approved its national trust bank charter in January 2021. However, a little over a year later, the OCC issued…

Global payments rarely face direct challenges to long-established infrastructure. The debate around Ripple and XRP now questions whether cross-border finance could

The post EY warns firms they must own the wallet to keep their customers appeared on BitcoinEthereumNews.com. In the evolving landscape of digital finance, Big