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EDX Markets files for US trust charter to expand institutional crypto services

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EDX Markets, the crypto exchange backed by Citadel Securities, has applied for a national trust bank charter, marking a new step in its push to serve institutional clients. The exchange submitted its filing to the Office of the Comptroller of the Currency on Wednesday, according to documents seen by CoinDesk. The move comes about three […]

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Solana (SOL) DeFi platform Drift investigates suspicious activity and asks users to stop deposits

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Solana-based decentralized finance (DeFi) platform Drift said it is investigating “unusual activity” on its protocol, raising concerns that the platform may have been exploited. “We are observing unusual activity on the protocol. We are currently investigating. Please refrain from depositing money into the protocol while we investigate,” Drift wrote in a post on X. “This

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Galaxy Digital’s (GLXY) testnet suffers hack, but no client funds or information were compromised

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Galaxy Digital (GLXY), the digital asset financial firm founded by Mike Novogratz, said it recently contained a cybersecurity incident involving unauthorized access to an isolated development workspace, according to a statement from a company spokesperson. “An insignificant amount of company funds used for testing within the isolated development workspace was affected,” the spokesman said in

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Governance is the real layer 1

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Welcome to our institutional newsletter, Crypto Long & Short. This week: Nilmini Rubin on the challenge for crypto markets and traditional markets to create a hybrid, shared governance structure. Meredith Fitzpatrick covers how financial institutions must fundamentally rethink AML risk as crypto and TradFi converge. Top headlines institutions should be aware of by Francisco Rodrigues.

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Jamie Dimon Signals JPMorgan (JPM) Entering Prediction Markets As Competition Increases

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JPMorgan ( JPM ) CEO Jamie Dimon said the bank is considering entering the prediction markets, signaling growing interest from major financial institutions in a sector that has grown rapidly in recent months, including among crypto-native companies. “It’s possible that one day we will do something like this,” Dimon said on CBS Tuesday, though he

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Quantum computing could break Bitcoin faster, Google says

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Network news GOOGLE SAYS MINING BITCOIN IS EASIER THAN PREVIOUSLY BELIEVED: Breaking the Bitcoin blockchain with quantum computers may not be as difficult as once thought, and Bitcoin’s Taproot technology, which enables more efficient, private transactions, may be partly to blame, Google’s Quantum AI team said in a blog post and newly released whitepaper. The

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Franklin Templeton launches crypto division with 250 Digital acquisitions

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Wall Street Asset Management giant Franklin Templeton is launching a dedicated cryptocurrency division as it deepens its push into digital assets, anchored by a planned acquisition of crypto investment firm 250 Digital. The new entity, called Franklin Crypto, will bring together the 250 Digital team and its liquid crypto strategies — formerly managed by CoinFund

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