Top Stories of the Day
Bitcoin’s Consolidation Phase: Bitcoin has retreated toward the $71,000 mark after failing to sustain its breakout above $74,000. While market conviction is currently thin, long-term allocators have reportedly been quietly adding to their positions during recent dips.
NYSE Owner Backs OKX: In a landmark deal, Intercontinental Exchange (ICE) has invested in the OKX exchange at a $25 billion valuation. The partnership plans to bring tokenized stocks and new derivatives to the market later this year.
Morgan Stanley Funds AI-Crypto Pivot: Bitcoin miner Core Scientific secured a massive $1 billion loan facility from Morgan Stanley to expand its data centers for high-performance computing and AI workloads.
Link: Core Scientific secures up to $1B credit from Morgan Stanley
Revolut’s Second U.S. Banking Push: Fintech giant Revolut has officially filed for a U.S. banking license for the second time, aiming for direct access to the Fedwire and ACH payment networks.
The "Seized Crypto" Heist: Authorities in France have arrested the son of a U.S. government contractor, John Daghita, for allegedly stealing $46 million in crypto from seizure wallets managed by his father's company.
Link: Authorities nab suspect accused of stealing $46m in crypto
Federal Charter for Stablecoins: Infrastructure provider ZeroHash has applied to the OCC for a national trust bank charter to streamline its regulated stablecoin operations under a single federal framework.
Link: ZeroHash Applies to OCC for National Trust Bank Charter
Global Adoption Milestones: Cardano's ADA is now a payment option at 137 Spar supermarkets in Switzerland, while Kraken has secured limited master account access from the Kansas City Fed.
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