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Morgan Stanley Launches Stablecoin Reserves Portfolio. Here’s what that means

Investment banking giant Morgan Stanley has made a quiet and significant shift to stablecoins, expanding its footprint in the digital asset industry. The firm’s investment management arm, MSIM, has announced the launch of the Stablecoin Reserves Portfolio – a sovereign money market fund designed for issuers of stablecoins who need a regulated, secure place to

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Wisconsin joins the market prediction fray, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com

Prediction markets have a consistent line: their products are financial instruments, not bets. Wisconsin isn’t buying it, and in a new complaint against Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com, the state cites the companies’ own marketing to call them unlicensed gambling venues. “Thinly veiled illegal conduct does not make it legal,” Attorney General Josh Kaul

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Bitcoin, ether fall in Asia as Japanese data adds to Iran’s war-led market unrest

Cryptocurrency markets remained on the back foot on Friday as macroeconomic signals from Japan, one of the world’s largest economies, added to uncertainty fueled by the Iran war. Bitcoin BTC$77,696.95 hovered near $77,800 after struggling to break above Thursday’s high of $78,700 in early Asian hours, according to CoinDesk data. The broader uptrend that began

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US arrests soldier for Polymarket betting on Nicolas Maduro raid he participated in

The US Department of Justice arrested a master sergeant in the army on allegations that he bet on the attack on Nicolas Maduro ahead of taking part in the operation to detain the former Venezuelan leader. The DOJ unsealed an indictment Thursday charging Gannon Ken Van Dyke with illegal use of classified government information for

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Pantera Wants Satsuma (SATS) To Dump Its Bitcoin As Shares Plunge 99%

Digital investment firm Pantera Capital is calling on London-listed Satsuma Technology (SATS) to liquidate its remaining bitcoin BTC$78,047.28 holdings and returning cash to shareholders, marking a sharp turning point for a strategy that once attracted strong investor enthusiasm, Bloomberg reported Thursday. Pantera’s DAT Opportunity Fund, which owns about 6.7% of the company, is among those

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Aave Leads DeFi Bailout Push After $292M Crypto Exploitation

Aave and several major crypto firms are coordinating a recovery effort to stabilize decentralized finance (DeFi) markets after a $292 million bailout left the sector’s biggest lender struggling with a huge collateral gap. The initiative, called “DeFi United” and led by Aave service providers, aims to restore support for rsETH, a dividend-bearing derivative token of

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More than 100 crypto firms are calling on the Senate to act on market structure

A coalition of US crypto companies and trade groups urged the Senate Banking Committee to proceed with a markup of the Clarity Act, a bill that would create a federal framework for crypto markets. In a letter to Chairman Tim Scott, Ranking Member Elizabeth Warren Subcommittee Chair Cynthia Lummis and Ranking Member Ruben Gallego, the

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More than 90% of Web3 games failed after $15 billion boom as players never showed up: Caladan

Web3 gaming burned through up to $15 billion in pursuit of a token-driven future that players never bought into. Data from Caladan, a market-making and trading firm, shows that around 93% of so-called GameFi projects are now effectively dead, with token values ​​down around 95% from their peak in 2022, and funding for studios collapsing

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