Author: 行政
Crypto promised diversification beyond Bitcoin. For years, the pitch was simple: spread risk across blockchains, decentralized applications, and layer-1 protocols.In practice, that diversification often collapsed when Bitcoin stumbled. Ethereum, Solana, and other major altcoins routinely fell harder than BTC during drawdowns, leaving portfolios concentrated on the same directional bet, just with different branding.Now, the institutions that process trillions in traditional securities trades are sketching a different path. On this path, diversification comes not from more crypto tokens but from tokenized versions of the assets investors already want.DTCC, Clearstream, and Euroclear released a joint white paper with Boston Consulting Group outlining…
Most people only see IPOs after the price resets at the open. Institutional investors and select clients receive allocations at the offering price, while everyone else waits for the exchange to start trading and buys at the market price.The gap between those two prices, the “IPO pop,” can be substantial.Circle’s IPO last year was priced at $31 and opened at $69, then closed at $83.23, illustrating why allocations matter. That spread represents value captured by whoever had early access, not by the retail investors who showed up when the ticker went live.Use the image_prompt16:38Circle’s IPO priced at $31, opened at…
Taipei’s District Prosecutors’ Office indicted 62 individuals and 13 companies on March 4 for allegedly laundering US$337 million through Taiwan on behalf of the Cambodia-based Prince Group. The alleged ringleader, Chen Zhi, faces a maximum 13-year term in Taiwan and up to 40 years in US federal proceedings that began in October 2025. Prosecutors have seized NT$5.5 billion (US$172 million) in assets, including properties and high-end vehicles. Taipei prosecutors indicted 62 individuals and 13 companies on March 4 for allegedly laundering US$337 million (AU$516 million) through Taiwan for the Cambodia-based Prince Group, a network the U.S. Department of Justice designated…
A former senior Seoul Metropolitan Police Agency officer received a six-year prison sentence and a 100 million won fine for accepting about 120 million won. The payments, roughly 50 million won in cash and 70 million won as “entertainment fees”, were accepted between December 2023 and March 2024 while the officer held direct responsibility for investigating crypto fraud. The Uijeongbu District Court’s Goyang branch ruled the conduct “greatly undermines the fairness and appropriateness of the job and social trust”. A former senior officer with the Seoul Metropolitan Police Agency has been sentenced to six years in prison for accepting bribes…
Bitcoin slid to $63,030 after US-Israel strikes on Iran triggered a risk-off cascade across markets. From there, BTC rallied to $74,000 intraday on Mar. 4, a roughly 17% rebound.As of press time, Bitcoin trades at $73,613, up 7.7% in the past 24 hours. The move recaptured much of the selloff, but whether it holds depends on a handful of levels and liquidity signals that on-chain data identifies as critical.To hold the rally, BTC needs to turn the $70,000 weekly-close ceiling into support. Otherwise, $70,000 remains an overhead distribution band, with the $60,000-$69,000 demand zone still the real bid below. Related…
Kraken Financial received a Federal Reserve master account from the Federal Reserve Bank of Kansas City on March 4, becoming the first digital asset firm to gain direct access to Fedwire. The Bank Policy Institute, representing JPMorgan Chase, Bank of America, Wells Fargo, and Goldman Sachs, said the approval “front-runs” a formal policy framework the Fed has yet to finalise. The Independent Community Bankers of America warned the decision creates a two-tiered system in which crypto-focused institutions access payment rails without the same regulatory oversight applied to chartered banks. US banking trade groups criticised the Federal Reserve’s decision to grant…
Morgan Stanley has appointed BNY Mellon and Coinbase Custody to safeguard Bitcoin for its proposed Morgan Stanley Bitcoin Trust ETF. Most of the fund’s Bitcoin will be stored offline in cold storage, with smaller amounts moved to hot wallets to facilitate ETF share creation and redemption. BNY Mellon will also serve as administrator, transfer agent and cash custodian, while Coinbase will act as the fund’s prime broker. Morgan Stanley has designated Bank of New York Mellon and Coinbase Custody Trust Company to hold the Bitcoin associated with its proposed Morgan Stanley Bitcoin Trust exchange-traded fund, according to filings made with…
A Tether stablecoin has finally been certified by a Big Four accounting firm — but it’s for its recently-launched USA₮ coin, a dollar-pegged stablecoin issued by Anchorage Digital bank. The reserve holdings attestation was delivered by Deloitte, confirming the stablecoin has sufficient reserves for USA₮, which was specifically designed to comply with GENIUS Act regulations in the US — rather than replace USDT. Questions around reserve holdings of Tether’s flagship stablecoin USDT — the market’s largest dollar-pegged token — remain unresolved. The reserve holdings of a Tether-developed, US dollar-backed stablecoin have been certified by a Big Four independent accounting firm…
Ethereum rally above $2,100 follows a sharp spike in open interest. A break above the resistance at $2,175 could open the path toward $2,500. Large ETH withdrawals from exchanges point to tightening supply. Ethereum has climbed above the $2,100 after a strong daily rally that pushed the asset higher amid renewed interest in derivatives markets. The move follows a period of consolidation that had kept the price trapped near the $2,000 level for several sessions. The surge has now placed the $2,500 region firmly on the radar of short-term traders. At the same time, comments from Vitalik Buterin about the…
A social media post on Tuesday by Donald Trump urging banks to make a deal with crypto firms on stablecoin yield won’t be enough to unstick CLARITY Act negotiations, said TD Cowen analyst Jaret Seiberg. In an investor note sent Wednesday, Seiberg wrote that Trump must get involved in talks directly to help move the bill forward, but believes that’s unlikely while the Middle East conflict continues. A recent social media post by US President Donald Trump urging banks to cut a deal with the crypto industry so the CLARITY Act can progress won’t be enough to get the legislation…