BNY Mellon moves $8.6T transfer agency book onto blockchain
BNY is shifting core ownership record-keeping for one of Wall Street's largest back-office functions onto chain, with BlackRock, Baillie Gifford and Dreyfus lined up as launch clients.
Market-moving crypto headlines from the last 24 hours.
BNY is shifting core ownership record-keeping for one of Wall Street's largest back-office functions onto chain, with BlackRock, Baillie Gifford and Dreyfus lined up as launch clients.
CME fed funds futures still price a 35% chance of a rate increase the afternoon of the decision, an unusual level of indecision that makes this a live, two-sided FOMC for risk.
The Robinhood Chain launch briefly spiked DEX volume above Base and Ethereum L1, but only returned about $4K in fees to Ethereum in week one, sharpening the L2 value-capture debate.
A 54-point collapse from the February peak of 82% captures how the legislative calendar has slipped past three promised windows, leaving market-structure clarity for crypto squarely in a slow-motion…
The stablecoin-rewards fight is now a proxy war for who controls the market's biggest US policy win, and Trump's own DeFi project is making the Democratic votes the bill needs politically toxic.
The custody and admin backbone of US pension and wealth-manager money is going on-chain, the strongest single TradFi adoption signal since BlackRock's spot BTC ETF.
The Hong Kong licensed venue's retail launch extends XRP's regulated reach beyond institutional books in the city, the kind of venue-level adoption that deepens liquidity and tightens spreads.
ETHA absorbed 37,424 of the week's 37,959 ETH inflows, while IBIT alone accounted for more than the entire BTC category's net decline. The rotation is real but still a sliver of the $76B AUM gap.
Futures turnover is running 6.85x spot, open interest is 7x daily spot volume, and the next $200M+ in forced unwinds could land while Bitcoin is already sliding under the $64K level the market says…
Morgan Stanley joins the institutional rush into spot ETH and SOL exposure the same week the SEC chair publicly lines up behind the CLARITY Act, the structural fix the industry has lobbied for since…
Futures price only 10bp of tightening against a possible 25bp move, the loosest setup since 1994. Under a chair who rejects forward guidance, that gap is the whole trade.
Brian Smith of the Jito Foundation argues perps are the on-ramp for trillions of dollars of TradFi flow, and that Solana is losing the gateway race to Hyperliquid despite shipping the better…
The FSB move follows Telegram's documented refusal to moderate content tied to sabotage and cyber fraud on its platform, a stance that put Moscow on a collision course with its homegrown founder…
Citadel's 25 bp hike call against a 64% hold consensus is the headline tail risk going into the FOMC, and the move that actually lands is the one bitcoin and rates desks are most asymmetrically…
The break matters because it upends the AI-equity correlation that defined July: two failed routs in five sessions hint crypto is finding its own tape, just as the Fed decides rates and Q2 GDP lands.
The SEC signaling it's willing to mirror the Clarity Act through rulemaking, rather than wait for legislation, keeps momentum on a unified US crypto framework alive even if Congress stalls.
The base case leans on a Fed liquidity turn, a Senate floor vote on the CLARITY Act before the August 7 recess, and $1.2B weekly ETF inflows that already absorbed $465M of late-week outflows.
BTC held above $63K and gained ~6% in July while semis fell nearly 20%, and Block Scholes' Thahbib Rahman says even a soft-talking Warsh could extend the divergence.
The Celsius Mining successor lands on the public tape with 2,861 BTC on the balance sheet and a fresh AI-leasing pitch, the same pivot Hut 8 has been making across its hosted fleet.
The pivot bakes in a hard institutional requirement the original Ondo Chain couldn't meet: keep order flow off public mempools.