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Active Crypto VC Firms Fall to 150, Lowest Since 2020
TradFi & Fintech

Active Crypto VC Firms Fall to 150, Lowest Since 2020

The July count sits far below the 1,177 unique investors CryptoRank recorded at the March 2022 peak, pointing to a smaller, more selective pool of backers.
Morgan Stanley Launches Spot Ether, Solana ETPs on NYSE Arca
TradFi & Fintech

Morgan Stanley Launches Spot Ether, Solana ETPs on NYSE Arca

The MSSE and MSOL trusts each charge a 0.14% expense ratio and will stake a portion of holdings, passing rewards to investors.
SoFi Says SoFiUSD Settlement Now Live on Q2 Earnings Call
TradFi & Fintech

SoFi Says SoFiUSD Settlement Now Live on Q2 Earnings Call

The bank tied the stablecoin's first live settlements to real-time commercial payments running through its Big Business Banking platform on Solana.
10 European Banks Launch RL1 Blockchain Cooperative
TradFi & Fintech

10 European Banks Launch RL1 Blockchain Cooperative

RL1 inherits SWIAT's production network, which processed more than €700 million in transactions over three years before ownership moved to the Luxembourg cooperative.
Franklin Templeton Backs CLARITY Act as Wall Street Coalition Grows
Regulation & Politics

Franklin Templeton Backs CLARITY Act as Wall Street Coalition Grows

The $1.79 trillion asset manager joins BlackRock, Fidelity and Goldman Sachs in backing the crypto market-structure bill as senators review updated Senate text.
Ether ETFs Pull $104M, Tripling Bitcoin's Weekly Inflows
Markets

Ether ETFs Pull $104M, Tripling Bitcoin's Weekly Inflows

BlackRock's ETHA absorbed $96 million while its bitcoin fund IBIT bled $95 million, the second straight week ether products out-drew their bitcoin counterparts.
Circle Buys IBM Blockchain Patent Portfolio
TradFi & Fintech

Circle Buys IBM Blockchain Patent Portfolio

The USDC issuer says the roughly 1,000-patent haul makes it the leading US blockchain patent holder, with financial terms undisclosed.
Magic Labs Sells Wallet Business to Kraken Parent Payward
CeFi

Magic Labs Sells Wallet Business to Kraken Parent Payward

The embedded-wallet pioneer is rebranding as Newton Labs to focus on an onchain authorization layer that vets transactions against policy before they settle.
Securitize Registers Capital Affiliate as SEC Investment Adviser
Regulation & Politics

Securitize Registers Capital Affiliate as SEC Investment Adviser

Securitize Capital's registration took effect July 22, SEC records show, adding an advisory license to the tokenization firm's U.S. regulatory lineup three weeks after its NYSE debut.
BitMart to Wind Down Exchange, End Trading by Aug. 26
CeFi

BitMart to Wind Down Exchange, End Trading by Aug. 26

The exchange gave no specific reason for the closure, and its BMX token fell about 59% in 24 hours after the announcement.