RegulationAustralia Introduces Crypto Exchange Licensing
Australia's Senate backs crypto licensing bill. Exchanges must obtain AFSL or face fines up to 10% of annual turnover. Small platforms exempt.
Custody — News - Page 22
Regulation
SecurityBlockFills Files for Bankruptcy - Frozen Client Assets
Crypto platform BlockFills filed for Chapter 11 bankruptcy. Balance sheet shortfall of $77M, liabilities up to $500M, 2,000 institutional clients affected.
InstitutionalCoinbase in Talks to Invest in Bybit
Coinbase is negotiating a minority equity stake in Bybit at a $25B valuation. The deal could pave Bybit's way into the regulated US crypto market.
RegulationCustodia Bank Loses Fed Appeal - Kraken Becomes First Crypto Firm with Master Account
The appeals court rejected Custodia Bank's Fed lawsuit 7-3. Meanwhile, Kraken became the first crypto company to receive a Federal Reserve master account.
TechnologyARK Invest: 34.6% of Bitcoin at Quantum Risk
Joint research by ARK Invest and Unchained finds 34.6% of BTC supply is vulnerable to quantum attacks. BIP-360 could address the issue.
UkraineHungary Returns Oschadbank Vehicles, Keeps $82M
Hungary returned Oschadbank armored vehicles but holds $40M, €35M and 9kg of gold. Impact on Ukraine banking system.
InstitutionalMorgan Stanley and Citi Build Bitcoin Infrastructure
Morgan Stanley launches crypto trading on E*TRADE, Citi prepares Bitcoin custody. Banks with $38T in assets enter crypto.
BitcoinMorgan Stanley Files Bitcoin ETF with Coinbase and BNY
Morgan Stanley revealed Bitcoin Trust structure: custody via Coinbase, administration by BNY Mellon. Fund will track BTC price directly.