Miscellaneous

Morgan Stanley taps Coinbase and BNY for custody in proposed Bitcoin ETF

Morgan Stanley (MS) has filed with the Securities and Exchange Commission (SEC) a prospectus outlining the structure of the proposed Morgan Stanley Bitcoin Trust, revealing that the fund plans to use Coinbase Custody (COIN) and the Bank of New York Mellon (BNY Mellon) to safeguard its bitcoin holdings, according to

Report: Colombia Running CBDC Pilot on Cosmos

According to Maghnus Mareneck, co-CEO of Interchain Labs, the Colombian government will be testing a still-unannounced CBDC on the Cosmos network. Colombia aims to target cross-border payments with this new CBDC, which has just emerged from stealth with this announcement. Colombia Hops Onto the CBDC Bandwagon With Stealth CBDC Pilot

Crypto Trader Opens $1.1B Long Bitcoin Bet on Hyperliquid Using 40X Leverage

A single trader has opened a massive $1.1 billion notional long position on bitcoin (BTC) using 40x leverage on the onchain decentralized exchange (DEX) Hyperliquid, a rare instance of a ten-figure position being open entirely on a blockchain-based platform.
Unlike centralized exchanges that require KYC or restrict access, Hyperliquid