Category: crypto

The FDIC has proposed new rules under the GENIUS Act to regulate stablecoins issued through the banking system, setting standards for reserve, risk management, and custody. Reserve deposits backing stablecoins may be insured, but token holders will not be covered. A 60-day consultation period is open for feedback on the proposal.

Morgan Stanley is launching its Bitcoin exchange-traded fund (ETF) on the NYSE Arca stock exchange this Wednesday under the ticker MSBT. It is the first major U.S. bank to enter the spot Bitcoin ETF market, competing against established funds with lower fees at 0.14%. The bank has also partnered with custodians for its digital assets.

Coinbase has obtained an Australian financial services license, allowing it to offer crypto and equity perpetuals. The license requires Coinbase to comply with traditional financial standards in Australia. The company plans to expand its offerings into futures, options, stock trading, payments, and other financial products in Australia.

Anthropic has restricted access to its AI system, Claude Mythos Preview, due to finding thousands of critical vulnerabilities in major software systems. The model detected old bugs in operating systems and web applications, raising concerns about safe deployment. The potential for AI-powered cyberattacks is increasing, emphasizing the need for secure handling as these capabilities expand.

U.S. lawmakers are questioning the Commodity Futures Trading Commission about alleged insider trading in prediction markets related to military events in Iran and Venezuela. The lawmakers are concerned about trades appearing to be timed around sensitive government decisions. They want the CFTC to clarify its enforcement approach by April 15.

The U.S. Securities and Exchange Commission criticizes past enforcement actions against crypto firms for failing to protect investors and misinterpreting securities laws. The SEC has shifted focus toward fraud and market abuse under new leadership, reducing the number of cases but increasing monetary relief through actions that prevent investor harm.

UBS and six other Swiss banks have launched a sandbox to test Swiss franc stablecoin use cases. The project, set to run through 2026, aims to allow participating banks to test stablecoin use cases in a secure digital live environment. Swiss Stablecoin AG will provide the issuance infrastructure, with the project open to additional participants.

Alibaba and China Telecom are collaborating on a new data center powered by Alibaba’s AI chips in southern China. This project aims to boost China’s domestic computing infrastructure amid U.S. chip restrictions. The facility in Guangdong will support large-scale AI models and is planned to expand to 100,000 chips to serve various sectors.

Microsoft has launched an open-source toolkit focusing on runtime security to govern enterprise AI agents. The system monitors and blocks agent actions in real time, addressing risks from autonomous models executing code. The toolkit helps control API usage and token consumption, reducing operational and cost risks. Microsoft’s investment in AI infrastructure in Japan includes plans…

Pharos Network has raised $44 million in a Series A round, bringing its total funding to $52 million. The EVM-compatible Layer 1 blockchain aims to build institutional-grade infrastructure for tokenized real-world assets in Asia and globally. The funding will help scale RWA rails and prepare for a public testnet launch.