According to @ReutersBiz, Brazil’s Itaú Unibanco raised its net interest income outlook and reported recurring profit in line with forecasts; source: Reuters Business. For trading, the report surfaces two datapoints to watch: the upgraded NII outlook and earnings matching estimates for positioning in ITUB and Brazil bank sector exposures; source: Reuters Business. No direct cryptocurrency market impact was mentioned in the report; source: Reuters Business.

According to Crypto Rover, Brazil's largest bank, Itaú Unibanco, is planning to launch its own stablecoin. This move is part of a broader trend where financial institutions are entering the crypto market, potentially impacting liquidity and trading volumes in the stablecoin sector. This development could provide traders with increased opportunities for arbitrage and hedging strategies, given the backing of a major bank. Source: Crypto Rover.