A public dispute between Tron founder Justin Sun and Trump-linked crypto project WLFI$0.08080 escalated Wednesday after Sun sharply criticized a new governance proposal, calling it “one of the most absurd governance scams” he has seen. In a lengthy post on X, Sun accused the project of designing a vote that punishes dissent, with token holders…
Legal & General Asset Management announced Wednesday that it placed the more than 50 billion pounds (roughly $68 million) in liquidity funds that it manages onchain through a new distribution channel built by Calastone. “We are thrilled to make our liquidity funds available on the Calastone Tokenized Distribution Network,” said Ross McDonald, liquidity investment specialist…
The crypto’s industry emerging political action committee, Fellowship PAC, rushed out of the gate this month with $11 million in backing, and it’s so far booked $3 million in ad services through a company co-founded by Tether US CEO Bo Hines. The super PAC is focusing its support on Republican politicians in races for Congress…
Tether, the company behind the world’s largest stablecoin USDT USDT$1.0001, added another $70 million worth of bitcoin BTC$74,440.57 to its reserves, extending a steady accumulation strategy tied to its stablecoin business. Blockchain data from Arkham Intelligence shows 951 BTC moved Wednesday from Bitfinex to a wallet labeled “Tether: BTC Reserve.” The address matches one previously…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Tricia Gallagher on how the fix for broken digital identity systems will need to be state-led and user-controlled. Top headlines institutions should pay attention to by Francisco Rodrigues. Crypto TCG gacha volumes hit all-time high as CARDS token surges 52% in Chart of the…
Crypto exchanges have become the primary venues where millions of people and businesses store and transfer digital money. According to industry data, the crypto market is currently seeing roughly $190–$192 billion in 24-hour trading volume. As exchanges expand into multi-asset venues, the security mechanism evolves beyond wallets into identity, permissions, pricing and settlement. Yet, despite…
Morgan Stanley is signaling a growing focus on tokenization and blockchain-based infrastructure, framing “onchain” finance as a potential next step in how it serves wealth clients. Speaking during the bank’s first-quarter earnings call, executives described a future where assets and liabilities move more freely across digital rails. “How do you think of a tokenized world?…
Allbirds (BIRD) surged around 300% after saying it will pivot from sneakers into AI computation services, underscoring one of the market’s dominant themes: the race to secure scarce AI infrastructure. The company said it agreed to sell its footwear brand to American Exchange Group and reinvent itself as NewBird AI, backed by a $50 million…
Pakistan’s central bank notified all banks and financial institutions in the country that the ban on providing crypto services has been lifted. However, according to the new state bank rules, banks are banned from investing, trading or holding crypto assets using their own funds or customer deposits. The State Bank of Pakistan’s move follows the…
Investors who thrive on bitcoin’s BTC$74,187.89 wild price swings may be in for disappointment. Major banks are preparing to introduce new products that could dampen volatility in a market that has already become significantly calmer in recent years. Most recently, Goldman Sachs filed an application for a Bitcoin Premium Income exchange-traded fund (ETF). The proposed…
