Solana Policy Institute-backed PAC spends millions to jam Sherrod Brown’s Senate run

A conservative U.S. political action committee backed by the Solana Policy Institute — the Sentinel Action Fund — has committed to a massive advertising spend on the political opponent of former Senator Sherrod Brown, a Democrat and prominent crypto skeptic who is trying to return to Washington in this year’s Ohio Senate election. Sentinel and…

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Tron founder Justin Sun blasts Trump-linked WLFI vote, escalating feud over governance

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…

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Asset manager L&G brings its $68 billion money market funds onchain via Calastone

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…

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Tether keeps stacking BTC, adding $70M in tokens to stablecoin reserve

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…

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Wall Street won’t buy ‘trustless’ security promises

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…

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Why Morgan Stanley’s CFO thinks tokenization is the next big step for its multitrillion-dollar wealth business

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?…

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