Morgan Stanley launched Ether and Solana exchange-traded products (MSSE and MSOL) with 0.14% expense ratio and staking rewards. The move expands crypto offerings following the $381M Bitcoin Trust launch and spot trading on E*TRADE, signaling growing institutional demand for digital assets.
Coinbase Q2 results missed profitability forecasts with a $359M net loss as weaker trading activity hit revenue. Transaction and subscription revenues fell short of estimates despite a record 10.3% global market share. Shares dropped over 5% after-hours amid declining crypto volumes and volatility.
Circle obtained a limited-purpose trust charter from the NYDFS, enabling digital asset custody. The approval, alongside its federal banking charter and IBM patent acquisition, strengthens USDC's regulatory standing. Shares of Circle rose 8.4% on the day.
Treasury Secretary Scott Bessent urged the Senate to vote on the Clarity Act, warning U.S. digital asset leadership is at risk. He invoked Satoshi Nakamoto to emphasize urgency, as the bill would establish a federal crypto framework dividing SEC and CFTC oversight.
MoonPay launched PayBox, a secure payment vault integrated with Claude and ChatGPT, enabling autonomous AI agent transactions. It uses MPC/TEE cryptography for key protection and supports Solana plus seven EVM chains. The launch targets the growing AI agent economy, with integrations for bookings, shopping, and DeFi.
Morgan Stanley launched Ether and Solana exchange-traded products (MSSE and MSOL) with 0.14% expense ratio and staking rewards. The move expands crypto offerings following the $381M Bitcoin Trust launch and spot trading on E*TRADE, signaling growing institutional demand for digital assets.
Coinbase Q2 results missed profitability forecasts with a $359M net loss as weaker trading activity hit revenue. Transaction and subscription revenues fell short of estimates despite a record 10.3% global market share. Shares dropped over 5% after-hours amid declining crypto volumes and volatility.
Circle obtained a limited-purpose trust charter from the NYDFS, enabling digital asset custody. The approval, alongside its federal banking charter and IBM patent acquisition, strengthens USDC's regulatory standing. Shares of Circle rose 8.4% on the day.
Treasury Secretary Scott Bessent urged the Senate to vote on the Clarity Act, warning U.S. digital asset leadership is at risk. He invoked Satoshi Nakamoto to emphasize urgency, as the bill would establish a federal crypto framework dividing SEC and CFTC oversight.
MoonPay launched PayBox, a secure payment vault integrated with Claude and ChatGPT, enabling autonomous AI agent transactions. It uses MPC/TEE cryptography for key protection and supports Solana plus seven EVM chains. The launch targets the growing AI agent economy, with integrations for bookings, shopping, and DeFi.
Bitcoin shrugged off negative news in July, holding onto gains as analysts say the bulk of forced selling has already occurred. However, traders remain cautious heading into August, with interest rate decisions and jobs data threatening to inject new volatility into the market.
