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XRP is breaking out of its bull flag consolidation, with the $1.60 target now coming into focus.

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Wall Street giant BNY Mellon (now BNY) will offer crypto asset custody in Abu Dhabi, the UAE, the global financial services company announced on Thursday. It will initially launch Bitcoin and Ethereum crypto custody services, with plans of expanding to stablecoins, tokenized real-world assets, and other regulated digital instruments.

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BNY, formerly known as BNY Mellon, has announced the launch of crypto custody services in Abu Dhabi, marking a major step in the banks expansion into the digital asset sector. The financial giant revealed on Thursday that it will initially support Bitcoin and Ethereum custody, with future plans to include stablecoins, tokenized real-world assets (RWAs), and other regulated digital financial products.

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Core Scientific reported higher Q1 revenue and gross profit, though the company swung to a net loss driven largely by impairment charges.