crtypto & forex news

Morgan Stanley’s head of digital assets strategy, Amy Oldenburg, has said that Bitcoin ETF adoption is still in its early stages. This comes as the Wall Street giant also looks to offer a BTC ETF, two years after the first funds launched.  Morgan Stanley Exec Says Bitcoin ETF Adoption Still In Early Stages Speaking at the DC Blockchain Summit , the Morgan Stanley executive noted that most of the demand for the Bitcoin ETFs comes from self-directed investors, with many advisor-managed accounts yet to allocate to crypto. In line with this, Oldenburg declared that institutional crypto adoption is still ‘very early.’ She also revealed that 80% of the demand for ETFs on their platform comes from the self-directed business. Morgan Stanley currently allows all its wealth clients to invest in Bitcoin ETFs after removing restrictions last year. The bank has also notably recommended allocating up to 4% to crypto.  Oldenburg’s comments that Bitcoin ETF adoption is still early expl...

Scammers have already hit more than 700 crypto wallets — some holding over a million dollars in stablecoins — with a phishing scheme disguised as a federal law enforcement action. A Scam Built On Fear The operation targets users of the Tron blockchain . Criminals mint a token with the FBI’s name attached, then airdrop it into wallets with a message warning recipients that their accounts are flagged for investigation. From there, victims are told to complete an anti-money laundering check on an outside website or face a full freeze of their funds. The FBI’s New York Field Office confirmed the scam Thursday and warned users not to click, visit, or share any personal data connected to the token. “Do not provide any identifying information to any website associated with such a token,” the office posted on X. No email. No phone call. The threat arrives directly inside the wallet — a newer tactic that gives the fraud an air of legitimacy it doesn’t deserve. FBI New York encourages use...

CNBC reported on Friday that a tentative agreement between banking and cryptocurrency industry representatives could be announced later today, potentially clearing a path for the long-stalled crypto market-structure legislation known as the CLARITY Act.  Lawmakers Near Agreement On Crypto Bill The network’s coverage, citing industry insiders and Capitol Hill chatter, said lawmakers in the Senate Banking Committee may have reached a compromise and are now positioned to schedule a markup and vote; the Agriculture Committee already completed a procedural vote in January. According to the CNBC piece, discussions in recent days have intensified as stakeholders seek common ground on a range of contentious issues.  One persistent sticking point is whether banks will accept proposed stablecoin reward structures. That question remains unresolved, the report said, even as other elements of the package appear to be coalescing. However, a separate update surfaced Thursday evening fr...

A Protos report says Ripple co-founder and executive chairman Chris Larsen stands to wield significant influence over Evernorth, an XRP treasury company headed for a Nasdaq listing through blank check firm Armada Acquisition. The report argues that a web of nonprofit, trust, and Ripple-linked contributions gives Larsen outsized sway while creating clear conflicts for prospective public shareholders. At the center of the story is RippleWorks, the IRS-registered nonprofit Larsen co-founded. According to the report, RippleWorks invested $500,000 in cash plus 211,319,096 XRP into Arrington XRP Capital Fund, LP, the sponsor vehicle tied to the Evernorth deal. That investment gave RippleWorks a majority of the fund’s limited partner interests, while the fund is required to invest all of RippleWorks’ XRP tokens into Evernorth shares. Ripple Founder Larsen’s Role The formal control structure runs through Arrington XRP Capital Fund’s general partner, an LLC managed by Michael Arrington. But...

Solana is now in the spotlight once again as the leading altcoin gains more regulatory standing following its latest classification in the United States legal framework. In a world hampered by strident regulation and strict rules, Solana is emerging as one of the most trustworthy assets in the broader financial sector. Solana Gains Commodity Status In Latest Filing In a joint move , the US regulatory bodies have issued new regulations on how federal securities laws apply to cryptocurrencies and digital assets. According to the recent joint filing by the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), Solana has been acknowledged as a commodity, which could affect its regulatory status. The law introduces a formal token taxonomy across five categories. These include digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. As stated by the agencies in the filing, most crypto assets are not themselves...

After intensive talks aimed at resolving one of the CLARITY Act’s thorniest provisions, stablecoin rewards, Republican senators emerged from a closed-door meeting Thursday with cautious optimism about the stalled crypto market-structure bill.  The gathering, which drew pro-crypto Senator Cynthia Lummis and other Republican members, produced comments suggesting negotiators may finally be finding a workable path forward on stablecoin yield and related digital-asset language. ‘Light Bulbs Switched On’ Reporting from Washington by Eleanor Terrett captured the tone in the room. Lummis told colleagues she experienced a change in perspective during the meeting, saying that “some major light bulbs were switched on” and that a path forward had emerged that she had not expected when she arrived.  Terrett later reported that Senate staff said, “We’re 99% of the way there on stablecoin yield, and negotiations on the digital asset portions of the bill are in a good place. Senator Lum...

Crypto analyst Cryptollica has shared a quantitative roadmap that could send Dogecoin to a new all-time high (ATH) . This came as the analyst noted that DOGE is no longer a meme driven by internet culture and is now getting institutional attention.  The Dogecoin Quantitative Roadmap To A New ATH In an X post , Cryptollica shared a quantitative roadmap that could send Dogecoin to a new ATH. He noted that institutional quantitative models see DOGE as a perfectly engineered macroeconomic fractal while the retail crowd is paralyzed by micro-volatility. As part of this quantitative roadmap, the analyst pointed to the $0.08 level, which he described as an “absolute bedrock” and institutional floor for the meme coin.  Cryptollica noted a horizontal dotted axis at $0.08, while reiterating that this level was an impenetrable “Volumetric Bedrock” where smart money has historically placed massive absorption blocks. He added that Dogecoin’s price is currently resting directly on this...