Quick Summary: Coinbase has launched a tokenized share class of its Bitcoin Yield Fund on the Base blockchain, available to institutional and accredited investors outside the US. Coinbase has expanded its Bitcoin Yield Fund onto its Base blockchain by introducing a tokenized share class, developed in partnership with financial services firm Apex Group. Apex confirmed in a statement on Thursday that the tokenized share class is designed to interact with compatible platforms, wallets, and infrastructure while maintaining regulatory compliance. The move reflects a broader industry trend of financial institutions bringing traditional assets onto blockchain networks.Coinbase Asset Management president Anthony Bassili…
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Quick Summary: Bitcoin trades near $70,000 despite a 12% rise in global M2 money supply, with one model placing its fair value at around $136,000. Bitcoin is trading at a significant discount relative to global liquidity trends, according to new analysis from CF Benchmarks, the index provider owned by Kraken. Global M2 money supply has risen approximately 12% since mid-2025, while Bitcoin has declined roughly 35% over the same period. One model cited in the report, published Thursday, places Bitcoin’s fair value at around $136,000, compared with its current price near $70,000. The divergence represents one of the largest gaps…
Quick Summary: A new study finds that telling an AI chatbot you have a mental health condition changes how it responds, even on harmless tasks. Disclosing a mental health condition to an AI chatbot can alter the system’s behavior, even when the task at hand is routine or identical to one already completed, according to new research. The preprint study was led by Caglar Yildirim, a researcher at Northeastern University, and examined how large language model agents respond when given different user contexts. The findings arrive as AI agents become more widely deployed and developers increasingly build memory features into…
Quick Summary: Gemini’s stock rose 7% after-hours as services revenue surpassed transaction revenue for the first time and the firm launched a prediction markets platform. Gemini shares climbed roughly 7% in after-hours trading on Thursday, reaching $6.45 after closing at $6.01, as investors responded positively to the crypto exchange’s shifting revenue mix and cost-reduction measures. The gains came despite a notable drop in trading activity during the fourth quarter. A shareholder letter published the same day outlined the company’s financial results and strategic direction.Fourth-quarter trading volume came in at $11.5 billion, representing a 30% decline from the previous quarter as…
Quick Summary: Forward Industries secures a $40M crypto-backed loan from Galaxy Digital to repurchase over 6 million shares, using its Solana treasury as collateral. Forward Industries, a publicly traded company with a treasury strategy centered on Solana, has launched a share repurchase program financed through a crypto-backed loan from Galaxy Digital LLC. The company announced Thursday that it will buy back 6,164,324 shares of its common stock from an unnamed institutional investor for approximately $27.4 million. Following the transaction, total shares outstanding will fall to 76,977,809. The move highlights a growing trend of corporations using digital asset holdings to execute…
Quick Summary: Kentucky House Bill 380 includes provisions requiring hardware wallet makers to offer seed phrase recovery, which critics say is technically impossible and undermines self-custody. Kentucky House Bill 380, a state-level cryptocurrency regulatory measure, contains provisions that would effectively require hardware wallet manufacturers to build backdoor access into their devices, according to the Bitcoin Policy Institute (BPI). The provisions were introduced through a last-minute floor amendment and are now part of the bill’s amended Section 33. The legislation is sponsored by state Representatives Aaron Thompson and Tom Smith.The amended bill requires hardware wallet manufacturers to provide recovery options for…
Quick Summary: SEC Chair Paul Atkins says most cryptocurrencies are not securities under federal law, marking a shift away from the agency’s previous enforcement-driven approach. Securities and Exchange Commission Chair Paul Atkins has outlined how the agency plans to regulate digital assets going forward, signaling a clear departure from what he described as a prior strategy of regulating through enforcement. Speaking in prepared remarks at the Practising Law Institute on Thursday, Atkins said the SEC would first concentrate on clarifying how existing federal securities laws apply to the crypto sector. The shift follows the agency’s signing of a memorandum of…
Quick Summary: Evernorth Holdings has filed an S-4 with the SEC, planning to launch with at least 473 million XRP worth around $685 million. Evernorth Holdings has filed an S-4 registration statement with the SEC, outlining plans to become the largest publicly traded XRP treasury. The firm raised over $1 billion to accumulate the token and expects to launch with at least 473 million XRP valued at approximately $685 million.The planned public listing will proceed through a business combination with Armada Acquisition Corp. II, a SPAC sponsored by Arrington Capital that trades on the Nasdaq under the ticker XRPN. Around…
Quick Summary: Morgan Stanley has updated its Bitcoin ETF application, adding Fidelity as a custodian and revealing the fund will trade on NYSE Arca under the ticker MSBT. Morgan Stanley has amended its Bitcoin ETF application, naming Fidelity as an additional custodian alongside The Bank of New York Mellon and Coinbase Custody Trust Company. The updated filing confirms the fund will list on NYSE Arca under the ticker MSBT.The Morgan Stanley Bitcoin Trust will offer a fee waiver on the first $5 billion invested during its initial six months. The bank originally registered the fund in January alongside a Morgan…
Quick Summary: Forward Industries is repurchasing over 6 million FWDI shares for $27.4 million, funded by a $40 million crypto loan secured against staked Solana. Forward Industries announced Thursday it is buying back more than 6 million FWDI shares for $27.4 million from an institutional investor in a privately negotiated deal. The transaction, financed through a $40 million crypto loan from Galaxy Digital secured by staked Solana in its treasury, reduces common shares outstanding by 7.4%.Chief Investment Officer Ryan Navi confirmed the buyback falls under a $1 billion share repurchase program authorized by the board in November. He noted the…
