Crypto News. May 8, 2025

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DeFi

The U.S. OCC has confirmed that banks can provide crypto custody and execution services, including buying, selling, settlement, trade execution, and tax reporting, as long as they comply with relevant laws.

U.S. Federal Reserve held interest rates steady at 4.25%–4.50%, citing economic uncertainty and aligning with a wait-and-see approach as inflation stabilizes and growth slows

Ethereum completed its Pectra upgrade yesterday at epoch 364032 (6:05 a.m. ET), enhancing staking, user experience, validator operations, and scalability—its most significant update since the 2022 Merge.