According to BlockBeats, on August 14th, UBS filed a 13F document showing that as of June 30th, it held approximately 2.5 million shares of BlackRock's Bitcoin ETF, IBIT, with a holding value approaching $90 million. Compared to approximately 549,000 shares at the end of 2025, the number of shares held represents an increase of approximately 355%, while the holding value increases by approximately 230% from approximately $27 million.

It is important to note that the 13F filing cannot confirm whether these IBIT shares belong to UBS's own funds or its clients' assets, so it cannot be simply interpreted as UBS directly investing $90 million to buy Bitcoin.

According to BlockBeats, on August 14th, Citigroup CEO Jane Fraser stated that while she remains concerned about how the CLARITY Act handles stablecoin rewards, she generally hopes the bill will be passed and believes it will benefit the financial system. Fraser indicated that Citigroup is still pushing for improvements to the bill.

Fraser points out that if stablecoin platforms can reward users for deposits, it could lead to a loss of deposits from traditional banks, thereby weakening their ability to provide lending and credit services to certain parts of the United States. Currently, the bill stipulates that platforms cannot offer rewards solely for users holding stablecoins, but can offer rewards for transactions and payment activities. This issue remains central to the dispute between the banking and crypto industries as the bill progresses.