Web3 & Crypto
Stripe's $53B PayPal Bid Turns Stablecoins Into a Distribution War
Swift's 40-bank blockchain settlement rollout and Stripe's $53B bid for PayPal landed the same week. The real fight isn't tech, it's who owns the wallet.
UK Splits Stablecoin Rules Into Two Tiers for Issuers
The UK is splitting stablecoin issuers into systemic and non-systemic tiers. That single classification decision will define your compliance bill, your reserve model, and your product roadmap.
Morgan Stanley Files ETH and SOL ETFs With Staking at 0.14%
Morgan Stanley's amended S-1 for ETH and SOL ETFs bundles staking rewards at a 0.14% fee. Here's what that means for validators, custodians, and DeFi.
Galaxy Commits $100M First-Loss Capital to Institutional DeFi Lending
Galaxy Digital is putting $100M of its own balance sheet as first-loss capital behind GOFR, a Bitcoin-collateralized institutional loan product routed through Aave, Morpho, Spark and Kamino.
SBI Puts $125M Into Gauntlet, Doubling Down on Morpho Stack
SBI's $125M Series C in Gauntlet is its second DeFi lending investment in 30 days, following a $175M Morpho round. The pattern matters more than the numbers.
Circle Bets Stablecoin Rails Ride on M-Pesa's Regulatory DNA
Circle is arguing regulators should treat stablecoins like mobile money, not like crypto. For platform teams, that reframes the entire vendor and licensing map.
Kraken Bets on Agentic Trading to Survive the Bear Market
Kraken is rebuilding its app around AI agents that monitor markets and execute trades on user confirmation. The pitch: turn retail into high-frequency traders using plain English.