Everything web3, crypto, defi, degen
In brief British investment firm Hargreaves Lansdown has warned people to stay away from Bitcoin and cryptocurrencies. The Bristol-based company said cryptocurrency investments are too risky. Still, it added that it would allow qualified investors to buy UK crypto ETNs. Bitcoin is too risky and should not be included in an investor’s portfolio, British financial…
In brief The Monetary Authority of Singapore has deferred new crypto prudential standards to the start of 2027. MAS delayed the rollout from January 1, 2026 due to crypto industry concerns raised in a consultation on the changes. Respondents warned that the proposed risk classifications could unfairly penalize assets built on permissionless blockchains, potentially stifling…
In brief Morgan Stanley will reportedly expand its crypto offerings, allowing all wealth clients to have access to the asset class. The bank in September said it will allow customers to trade Bitcoin, Ethereum, and Solana via its E*Trade platform. Morgan Stanley’s CEO said in January that the bank was working with regulators to see…
In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged to the U.S. dollar. Observers say payment and crypto firms now see stablecoins as core infrastructure. Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based…
In brief An English business owner was sentenced to 22 months in prison for fraudulently securing a Covid-era loan and spending it on crypto, gambling, and personal expenses. The man used a first loan legitimately for his glass-fitting business, but illegally received a second loan and used the funds improperly. Ioannou must also now pay…
In brief AI drove 92% of U.S. GDP growth, according to Harvard’s Jason Furman. Bank of England flagged stretched valuations reminiscent of the dot-com era. Elon Musk’s xAI raised $20 billion for a new data-center, with bulls and bears debating whether AI is a bubble or not. What happens when artificial intelligence becomes both the…
In brief Solana DEX aggregator Jupiter has tapped Ethean to launch its own stablecoin. JupUSD is expected to launch in Q4 and will initially be collateralized by USDtb, Ethena’s short-term treasury-backed stablecoin. The total stablecoin market cap has grown by more than 75% in the last year and now sits above $300 billion. Jupiter, a…
In brief Grayscale has added staking functionality to its two spot Ethereum ETFs in the United States. It also added staking to its Solana Trust, which has yet to be approved for an ETF conversion. Investors will be able to earn ETH staking rewards from the exchange-traded products. U.S. investors in exchange-traded funds tracking Ethereum’s…
In brief The Defiance prospectus covers proposals for 49 ETFs offering three times leveraged long and short exposure. The offerings include products focused on Coinbase, BitMine Immersion, Strategy, and ETFs tracking the prices of Bitcoin, Ethereum, and Solana. Defiance already offers a number of two times leveraged funds for Strategy and Robinhood, among other firms.…
In brief Samsung has integrated Coinbase access within its wallet app in the United States. The feature lets Samsung device owners more easily purchase cryptocurrency from their phones. Samsung has been immersed in crypto for years via phone integrations, investments, and enterprise blockchain moves. Tech giant Samsung has expanded its collaboration with crypto exchange Coinbase…
