@MorganStanley CEO Ted Pick announced collaboration with U.S. regulators to explore cryptocurrency opportunities, focusing on compliance and potential Bitcoin ETF promotions despite current storage limitations. This move may increase regulatory scrutiny in the evolving crypto market. #Update #Crypto (+3) ↗
Congressional Republicans are investigating whether Biden-era regulators improperly pressured banks to sever ties with crypto firms like @Coinbase, amid claims of “debanking” under Operation Chokepoint 2.0. Senate and House hearings are scheduled next month. #Update #Legal (+3) →
Ethereum layer-2 network @AbstractChain is expanding its ecosystem with a focus on gaming, featuring 33 games post-mainnet launch. Highlights include Pudgy World, Onchain Heroes, and 77-Bit. #Update #Crypto $ETH (+3) →
Crypto analyst Ali Martinez reports that Bitcoin long-term holders have entered a greed phase, potentially boosting $BTC prices short-term but risking overvaluation. Currently, $BTC trades at around $104,900, with crucial support at $97,530. #Update #Crypto $BTC (+3) ↗
Alex Shevchenko, CEO of @AuroraLabsHQ, is excited about AI-powered user-specific front-ends and autonomous research agents, predicting they will revolutionize drug development and materials creation. #Update #Tech #AI (+3) ↗
The US Committee on Oversight and Government Reform is investigating alleged debanking of crypto firms, dubbed “Operation Chokepoint 2.0,” under Biden’s administration. This move aims to end perceived government overreach in the crypto sector. #Update #Legal #Crypto → 0
@ThirdTimeGames partners with @BlockBet to enable wagering on virtual horse races using $CROWN, joining Solana, Bitcoin, and Ethereum as supported assets. The partnership includes BlockBet as the first official simulcast partner for 24/7 races. #Update #Crypto $CROWN (+3) ↗
Justin Sun proposes a bold strategy to boost $ETH to $10,000 by halting sales for three years and restructuring the Ethereum Foundation. His plan includes leveraging Aave lending and imposing taxes on Layer 2 projects to enhance ETH scarcity. #Update #Crypto $ETH (+6) ↗
@MorganStanley is intensifying its focus on crypto, committing to work with U.S. regulators to harness bitcoin’s resilience and transformative potential for finance, as stated by CEO Ted Pick on Thursday. #Update #Crypto (+3) ↗
A crypto trader made a 6,208% profit on the $MELANIA memecoin, netting $42.7 million after investing $688,000. The coin, launched by Melania Trump, trades at $2.76 with a market cap of $413.8 million. #Update #Crypto $MELANIA (+7) ↗
@Grayscale and @Coinshares have filed with the US Securities and Exchange Commission to offer a Litecoin ETF, following Canary Capital’s previous filing. This move has led to a surge in $LTC price, reaching $122 recently. #Update #ETF $LTC (+6) ↗
CryptoQuant CEO Ki Young Ju asserts that $ETH has lost its narrative focus, impacting its market perception, unlike $BTC which thrives with the “digital gold” narrative. Ethereum’s future depends on clear communication to unify the community. #Update #Crypto $ETH (-3) ↘
Nasdaq files for in-kind redemptions for @BlackRock’s spot Bitcoin ETF, allowing authorized participants to exchange shares directly for $BTC, enhancing efficiency without cash transactions. This move follows initial SEC approval with cash redemption only. #Update #ETF $BTC (+4) ↗
The U.S. Securities and Exchange Commission (SEC) has rescinded the crypto accounting rule SAB 121, potentially enabling in-kind Bitcoin redemptions for ETFs like @BlackRock’s IBIT, which may streamline processes and reduce Bitcoin selling pressure. #Update #Crypto $BTC (+6) ↗
