AI-powered summaries of the day's top crypto events
U.S. spot Bitcoin ETFs have seen an influx of $186 million, with Morgan Stanley's MSBT fund attracting over $100 million in its first six trading days. This surge positions Morgan Stanley's fund ahead of WisdomTree's offering, highlighting growing investor interest in Bitcoin ETFs.
JPMorgan analysts report that the U.S. CLARITY Act, aimed at establishing a comprehensive crypto regulatory framework, is close to being finalized. The Act addresses key issues such as stablecoin rewards and agency oversight, potentially providing much-needed regulatory clarity for the crypto industry.
Drift Protocol has obtained $148 million in funding from Tether to recover user funds following a $270 million exploit. The protocol is transitioning from Circle's USDC to Tether's USDT, relaunching as a USDT-based perpetuals DEX on Solana.
The SEC has announced a five-year grace period for self-custody crypto apps to obtain traditional broker licenses. This move is part of the agency's effort to advance crypto market structure, allowing apps like wallet-linked services to prepare transactions in crypto asset securities.
Charles Schwab has begun rolling out its new platform, Schwab Crypto, which will initially support spot trading for Bitcoin and Ethereum. This marks Schwab's first foray into direct crypto trading, expanding its digital asset offerings for retail clients.
Russia-linked Grinex exchange has halted operations following a $15 million hack, attributing the attack to 'hostile states.' The exchange had previously absorbed liquidity from the sanctioned Garantex exchange.