Category: crypto

Morgan Stanley advises clients to hold 2%–4% Bitcoin exposure as demand for regulated crypto products rises. The bank’s head of digital asset strategy, Amy Oldenburg, mentioned that Bitcoin may one day appear on U.S. bank balance sheets, but regulatory hurdles remain. Morgan Stanley’s Bitcoin-backed exchange-traded product attracted over $100 million in self-directed demand. Additionally, the…

The U.S. Commodity Futures Trading Commission has received over 1,500 public responses on its proposed rule for prediction market event contracts. Firms like Kalshi, Polymarket, and Andreessen Horowitz support CFTC’s authority over event contracts, while state regulators from Pennsylvania, Tennessee, and Missouri push back, arguing for state oversight. Legal pressure from states and ongoing legal…

Strategy has paused Bitcoin purchases for the week ahead of its first-quarter earnings release. The company acquired 3,273 BTC for $255 million recently, bringing total holdings to 818,334 BTC worth about $63.7 billion. Analysts expect a loss per share of $18.98, while criticism has arisen over Strategy’s 11.5% dividend and long-term sustainability.

Peter Thiel’s Founders Fund closed a record $6 billion fund, with $4.5 billion from limited partners and $1.5 billion from Thiel and insiders. The fund will focus on late-stage startups, reflecting a trend of private companies seeking large funding rounds. Major venture firms like Founders Fund and Andreessen Horowitz continue to attract significant capital.

The New York Stock Exchange has filed a rule change with the SEC to allow tokenized securities to trade on its market. Tokenized assets must mirror traditional securities and will be cleared and settled through DTC. This move aligns with a broader trend of major exchanges incorporating blockchain-based settlement.

On May 3, the crypto market recap focused on U.S. regulation, tokenized securities, venture funding, and Bitcoin-related corporate activities. Coinbase reported progress on a key crypto bill, including a stablecoin rewards deal, while the NYSE filed for tokenized securities trading under DTC’s pilot program. Founders Fund raised $6 billion, and Tether backed a Bitcoin merger…

New York Attorney General Letitia James has reached a settlement with crypto platform Uphold, securing over $5 million for customers affected by the failed CredEarn product. Uphold promoted CredEarn without disclosing key risks, leading to losses for investors. This settlement is part of New York’s broader enforcement efforts against crypto products.

Nobitex, Iran’s largest crypto exchange, founded by the Kharrazi brothers of the influential political family under a different name, denies state links despite transactions with sanctioned entities. The platform faces scrutiny amid rising crypto movements during conflict and concerns about facilitating funds beyond Western controls. Outflows surged after Tehran strikes.

BlackRock has asked the OCC to revise proposed GENIUS Act rules by removing a cap on tokenized stablecoin reserve assets. They argue that reserve rules should be based on liquidity, credit quality, and maturity risk, not on whether an asset is tokenized. BlackRock’s BUIDL fund is gaining use as institutional collateral in crypto trading platforms.

Bitcoin developers and crypto advocates are debating how to handle Satoshi Nakamoto’s early Bitcoin holdings. Advocates argue that touching Satoshi’s coins could weaken the network’s core ownership promise. Quantum risks have revived the debate over old Bitcoin wallets and security planning. Developers support post-quantum research but reject forced action against dormant Satoshi-linked coins. Thorn from…