Stablecoin issuers must invest a minimum of $10 million into Morgan Stanley’s money market fund, MSNXX, to access the stablecoin reserve offering. Morgan Stanley’s investment management arm has launched “Stablecoin Reserves Portfolio,” an offering that allows stablecoin issuers to park the reserves backing their stablecoins in one of the bank’s money market funds while earning...Continue Reading

Jane Street has filed to dismiss Terraform’s insider trading suit, arguing the reasons for Terra’s collapse have already been litigated. Trading firm Jane Street has asked a US court to toss a lawsuit brought by the administrator of the bankrupt Terraform Labs, accusing the company of insider trading that worsened the collapse of the Terra...Continue Reading

Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort. Decentralized finance protocols have banded together in an attempt to restore the backing of rsETH following the $293 million exploit of the Kelp restaking platform on Saturday, which has triggered a liquidity...Continue Reading

US prosecutors alleged that Gannon Ken Van Dyke asked Polymarket to delete his account after profiting from trades tied to the military operation in Venezuela. A US Army soldier involved in the capture of Nicolás Maduro has been charged with making over $400,000 by allegedly betting on the removal of the former Venezuelan president on...Continue Reading

MN Trading Capital founder Michael van de Poppe doesn’t expect Bitcoin to drop below $75,000 in the near term, even as Polymarket traders price in a different outcome. Momentum from Bitcoin’s recent rally could spill into the altcoin market, which could see gains of as much as 60% if Bitcoin continues to rise, according to...Continue Reading

Bitcoin’s rally above $79,000 may be a sign that the downtrend is ending, but a multi-day candle close above $80,000 would help strengthen the odds of a trend change holding. On Thursday, Bitcoin (BTC) continued to wrestle with the $78,000 level as bulls attempted to cement their newfound hold over the market.  The convergence of...Continue Reading

Retail crypto activity fell 11% in Q1 as macro pressures weighed on markets, though Turkey and emerging economies showed resilience, TRM Labs data shows. Global crypto adoption declined in the first quarter as retail activity weakened under mounting macroeconomic and geopolitical pressures, underscoring the sector’s continued sensitivity to broader market conditions. TRM Labs’ Q1 Global...Continue Reading

Inflows to the spot Ether ETFs topped $633 million over the past 10-days, but are the flows significant enough to trigger a rally to $3,000? Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader...Continue Reading

The Fellowship PAC disclosed that it had spent $1.75 million in support of Texas Attorney General Ken Paxton, facing Senator John Cornyn in a May runoff. The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate races,...Continue Reading