Everything web3, crypto, defi, degen
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken…
America’s biggest crypto exchange Coinbase became the latest company in the digital asset space to apply to the Office of the Comptroller of Currency (OCC) for a national trust charter.The public company announced the move on Friday, following in the footsteps of stablecoin issuers Circle and Paxos, and fintech Ripple.If approved, Coinbase said it would…
In brief OnePay, a fintech firm owned by Walmart, is reportedly adding crypto trading and custody to its mobile app. The platform was developed in 2021 via a collaboration between Walmart and investment firm Ribbit Capital. The OnePay app has jumped inside the top 5 among free finance apps in both the Apple and Google…
In brief Trump Jr. described his experience with mainstream media as “a disaster,” likening their exclusion from coverage to being debanked. He said independent outlets, podcasts, and long-form formats fill gaps left by traditional press. Observers told Decrypt that credibility depends on transparency and accountability, regardless of the outlet. Donald Trump Jr. told a jam-packed…
In brief The market cap of top Bitcoin miners is soaring. Last month, the top public Bitcoin miners tracked by JP Morgan passed the $50 billion mark. The surge comes as companies in the space pivot to high-powered computing. The market cap of Bitcoin miners soared in September as firms in the space benefited from…
CRYPTO HIGHER, US GOVERNMENT SHUTS DOWN, PUMP LEADS REBOUNDCrypto Higher Despite Us Government Shutdown. Recent Runners Xpl, Aster, Stbl All Weak. Blackrock Eth Staking Etf Could Be Coming in Oct. Sec Opens Door for State Trusts as Crypto Custodians. Tron Inc. Down 85% From Peak Amid Dat Slumps. Gensler’s Deleted Texts Under Scrutiny. Metaplanet Buys…
In brief The SEC will not take enforcement actions against advisors and other entities for using state-chartered as crypto custodians. This letter could lead to a potential opening for a greater number of organizations to serve as custodians for digital assets. In July, Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory…
In brief Turkey is reportedly drafting legislation to grant its financial intelligence unit Masak expanded powers to freeze bank and crypto accounts linked to suspected criminal activity. The bill would allegedly allow the watchdog to shut down accounts, limit transactions, and blacklist crypto wallet addresses across banks, payment firms, and exchanges. Experts warned the measures…
In brief Morgan Stanley is planning to offer crypto trading on its E*Trade platform early next year. The banking giant is teaming with crypto and stablecoin infrastructure provider Zerohash on the initiative. Investors will be able initially to trade Bitcoin, Ethereum, and Solana. Morgan Stanley is joining with crypto and stablecoin infrastructure firm Zerohash to…
Thai authorities have busted a $15 million criminal enterprise that victimized over 870 South Koreans, in what one expert calls a case study of “multi-layered laundering.”The Seoul Metropolitan Police Economic Crime Investigation Division announced Monday the arrest of 25 members of “Lungo Company,” a fraud ring that deployed multiple scam tactics, including romance schemes, crypto…
