Crypto.com Slashes Workforce By 12% in AI Push

MSCI has deferred a decision on how to treat companies with significant digital asset exposure, citing concerns about classification and balance sheet volatility. The review confirmed institutional investor worries about some companies resembling investment funds rather than operational businesses.

Tether introduced Scudo, a new unit of account for gold, equating one Scudo to one-thousandth of a troy ounce of gold. The company aims to simplify gold transactions and capitalize on the metal's demand due to inflation concerns and interest-rate uncertainty.

On Monday, Bitcoin ETFs in the U.S. saw a significant increase in inflows, with BlackRock's iShares Bitcoin Trust leading the way by attracting $372.5 million. The Fidelity Wise Origin Bitcoin Fund also gained traction, with $191.2 million in shares created. Bitcoin's price dipped slightly to $92,080 but remains higher than last week.

Hyperliquid unlocked 12M HYPE tokens, diluting holders by $331 million, increasing circulating supply and market capitalization instantly.

U.S. senators are in talks to finalize the crypto bill, with a potential markup scheduled for next week. Democrats are pushing for ethics standards and constraints on DeFi platforms and crypto yield. The Senate faces a tight calendar with looming deadlines and political pressures.

Bernstein analysts predict a recovery in Strategy's premium to net asset value as investors gain confidence in the firm's ability to hold onto Bitcoin. Despite concerns over liquidation events and dividend payments, the company's stock price fell over 6% on Tuesday.

Dogecoin has surged over 17% this week, reaching above $0.15 for the first time since December. The meme coin category is up 24% overall, with Pepe and Shiba Inu leading the gains.

Arthur Hayes believes that privacy will shape the future of crypto trading, with Zcash positioned as a key asset due to expanding state surveillance. He sees privacy as a response to political incentives favoring credit expansion and energy constraints on stimulus efforts.

Morgan Stanley has filed registrations for Bitcoin and Solana exchange-traded products, pending regulatory approval. The bank plans to launch passive investment vehicles tracking the performance of the cryptocurrencies.

Buck Labs has launched the "BUCK" crypto token, backed by shares in Strategy (MSTR) and offering around 7% annual rewards. The token is not a stablecoin and allows users to earn rewards on idle capital through a minute-by-minute basis.