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Franklin Templeton Enters into Agreement to Acquire 250 Digital, Creates New Franklin Crypto Division

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$1.7 trillion asset manager Franklin Templeton is creating a new arm dedicated to actively managing crypto investments through the acquisition of 250 Digital. Franklin Templeton created Franklin Crypto to offer actively managed cryptocurrency strategies to institutional investors, the asset manager said in a statement. The San Mateo, California-based asset manager first announced the acquisition and […]

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Stablecoin Issuer Agora Hires Former Robinhood Crypto COO Tanya Denisova as Chief Operating Officer

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Tanya Denisova, the former chief operating officer of Robinhood Crypto, has joined stablecoin issuer Agora as head of operations, according to a blog post published Tuesday by Agora CEO and co-founder Nick van Eck. She will also serve as COO of Agora’s proposed National Trust Bank, subject to approval of the company’s national trust charter

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In the Clarity Act’s final weeks, its passage through the U.S. Senate isn’t much clearer

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“We keep hearing that there are other competing priorities in the Senate, and while that may be true, everyone continues to prioritize this, and that’s why you see daily reports of different groups in the Senate meeting, Republicans and Democrats sitting down over lunch to talk about passing clarity,” Carbone said. Lame duck? The congressional

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Meta develops prediction market app called ‘Arena’ as industry booms: NYT

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Meta (META), Facebook’s parent company, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke to The New York Times. The product would allow users to make predictions about future events, ranging from politics and sports to entertainment and world affairs. However, unlike

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The Foundation cuts 20% of its workforce due to the exodus of managers

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The Ethereum Foundation is cutting approximately 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior leadership turnover and increasing fragmentation of the entire Ethereum ecosystem. The layoffs, announced Tuesday in a blog post, conclude a months-long internal reorganization related to the implementation of the Foundation’s updated

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BNY Sees “FOMO” Pushing Asset Managers Towards Tokenized Funds

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But Slavin said businesses seem reluctant to wait. “Even though the regulations and the rails aren’t quite ready yet, they want to bring products to market,” he said. Wall Street believes that blockchain networks could ultimately become a new distribution channel for traditional investment products. Tokenized funds could allow investors to hold and transfer fund

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Chainlink partners with 47 South Korean and European banks to speed up international money transfers

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“This is not just a simple show of conscience,” Ariyasinghe said. “Everyone is coming in with their eyes wide open. The appetite is all about building real infrastructure… The goal is to conduct live transactions within a framework of legal and regulatory compliance over the next 12 months.” A $150 billion trade corridor The initiative

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Vitalik Buterin says Ethereum Foundation will cut budget by 40% in major reset

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The Ethereum Foundation (EF) will cut its budget by about 40% this year as part of a move toward a simpler, endowment-style operating model, Ethereum co-founder Vitalik Buterin said in a blog post published Tuesday. The reduction comes the same day the FE confirmed a 20% reduction in staff numbers and follows the resignation of

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Bitcoin’s June Drop Below $60,000 Highlights New Institutional Headwinds: Deutsche Bank

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Bitcoin BTC$62,465.72 falling below $60,000 on June 5, its lowest level since late 2024, reflects a convergence of macroeconomic and structural pressures, according to Deutsche Bank (DB), which said BTC is increasingly trading as an institutional risk asset rather than a retail speculative bet. The investment bank said the new Bitcoin selloff was driven by

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