Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) began trading Wednesday with solid early activity, with more than 1.6 million shares traded and about $34 million in inflows, the bank said. Listed under the ticker MSBT, the fund tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate and charges an expense ratio of 0.14%. […]
Morgan Stanley’s bitcoin ETF draws $33.9 million on day one Read More »
Pharos Network, a layer 1 blockchain focused on real-world tokenized assets, said it raised $44 million in a Series A round led by a mix of traditional financial and crypto investors. The backers include Sumitomo Corporation’s venture arm, SNZ Holding, Chainlink and Flow Traders, along with unnamed financial institutions that the firm described as “giants
Pharos raises $44 million in Series A to power real-world asset tokenization Read More »
Standard Chartered PLC is reportedly seeking to fully acquire Zodia Custody Ltd. to merge it with one of its digital asset divisions, sources close to the matter told Bloomberg on Wednesday. The ‘restructuring’ plan, which could come as soon as this month, considers merging Zodia’s crypto custody business into one of the investment bank’s divisions
Standard Chartered explores full takeover of crypto custodian Zodia: Bloomberg Read More »
Welcome to our institutional newsletter, Crypto Long & Short. This week: Bob Williams on how stricter crypto regulations in Asia place more personal responsibility on senior executives, making strong governance and D&O insurance essential. FBI’s Haidy Grigsby on how crypto scams are increasingly targeting experienced investors by building trust and tricking them into making larger
Crypto Long & Short: Asia’s Crackdown on Digital Assets: Accountability Gets Personal Read More »
Michael Saylor, executive chairman of Strategy (MSTR), believes that bitcoin likely bottomed out in early February at $60,000. Speaking at a recent Mizuho event, Saylor reiterated his long-held position that bottoms are not necessarily about valuations but are driven by seller exhaustion, analysts Dan Dolev and Alexander Jenkins wrote. Trend reversals, he added, are driven
Yuga Labs has settled its lawsuit against artist Ryder Ripps and Jeremy Cahen over their alleged copying of their non-fungible tokens (NFTs) from the Bored Ape Yacht Club collection. The settlement ends a two-year dispute over whether the pair’s project, which recycled Bored Ape images, crossed the line from satire to trademark infringement. Proposed court
Yuga Labs settles Bored Ape NFT case, ending battle over alleged copycat tokens Read More »
Network news BERNSTEIN SAYS QUANTUM THREAT TO BITCOIN IS REAL, BUT MANAGEABLE: Wall Street broker Bernstein said the rise of quantum computers poses a credible but manageable threat to Bitcoin and the broader crypto ecosystem, as recent breakthroughs compress timelines for potential attacks on modern cryptography. Advances such as Google Quantum AI’s reported reduction in
Bernstein says the quantum threat to Bitcoin is real but manageable Read More »
South Korea’s ruling Democratic Party proposed a “Digital Asset Basic Act” on Wednesday that would establish a legal framework for digital assets, including issuance, trading, custody and supervision. “Digital assets are emerging as a core medium that connects the real economy and financial markets,” the proposal states. It defines value-linked digital assets, including those linked
South Korea proposes comprehensive digital asset law, including stablecoin regulations Read More »
A company that issues stablecoins in the United States would have a series of new duties to fend off criminals and keep government watchdogs informed about malicious actors, according to rules up for proposal by the U.S. Treasury Department reviewed by CoinDesk. A joint proposal from the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and
Leveraged bullish bitcoin positions remain near multi-year highs as bitcoin rebounds, suggesting underlying market uncertainty.
Bitcoin is above $70,000 on Iran ceasefire, but rally is being cautious for good reasons Read More »
