🔔 Morgan Stanley to Permit Wealth Advisors to Recommend Bitcoin ETFs to Certain Clients: CNBC

➡️ Morgan Stanley will allow its financial advisors to offer spot bitcoin ETFs, specifically BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, starting August 7. This marks a first among major Wall Street banks, allowing select clients to invest in these bitcoin ETFs.

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https://www.cnbc.com/2024/08/02/morgan-stanley-wealth-advisors-bitcoin-etfs.html

🔔 El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia.

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🔔 Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter.

👉 https://tether.io/news/tether-q2-2024-attestation-reports-record-breaking-5-2-billion-profit-in-first-half-of-2024-highest-treasury-bill-ownership-ever-largest-ever-group-consolidated-equity-at-almost-12-billion/

🔔 Hong Kong’s largest online brokerage, Futu Securities International, has launched cryptocurrency trading for its 22 million customers.

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🔔 Cypherpunk Holdings purchased an additional 23,000 solana tokens bringing its total to 86,294 SOL worth $21.6 million, a few months after making its initial investment.

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🔔 Coinbase has recently announced its support for three cryptocurrencies: cats in a dogs world (MEW), JasmyCoin (JASMY), and Memecoin (MEME).

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🔔  MicroStrategy purchased an additional 12,222 Bitcoin for $805M in the Q2 of this year, bringing its total Bitcoin holdings to 226,500 BTC — worth $14.7B at current prices.

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🔔 CFTC Issues Subpoena to Ben ‘BitBoy’ Armstrong’s Former Company in Fraud Investigation, Focuses on Token Activities

➡️ The CFTC is investigating potential fraud involving 15 tokens, including BEN. The agency subpoenaed Hit Network on July 16, seeking details on trading and wallets. The probe follows content featuring these tokens by BitBoy Crypto’s Ben Armstrong, though Armstrong is not specifically mentioned in the subpoena.

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https://www.theblock.co/post/309213/cftc-subpoenas-ben-bitboy-armstrongs-former-company-in-fraud-investigation-asks-about-activity-for-tokens-such-as-ben

🔔 Crypto Lender Genesis Finalizes Restructuring and Starts Payouts

➡️ Crypto lender Genesis Global has finished its bankruptcy restructuring, distributing around $4 billion to creditors. Bitcoin creditors will recover 51.28%, Ether creditors 65.87%, and Solana creditors 29.58% of their claims.

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https://www.bloomberg.com/news/articles/2024-08-02/crypto-lender-genesis-completes-restructuring-begins-payouts

🔔 The Montenegro Appellate Court upheld its decision to extradite Do Kwon, the founder of Terraform Labs, to South Korea.

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🔔 Binance Labs invests in Particle Network

➡️ Binance Labs invested in Particle Network, the leading L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3.

➡️ With Particle Network’s Chain Abstraction infrastructure, users can maintain a single account and balance across the entire ecosystem, eliminating the need for manual bridging or asset management across multiple chains. 

👉 https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-particle-network-to--address-user-and-liquidity-fragmentation-in-web3-2579347885390894943

🔔 Senator Cynthia Lummis says a Donald Trump presidency would boost Bitcoin and the US

🔔 The FBI has issued a warning about scammers impersonating crypto exchange employees to steal funds.

These fraudsters are contacting users, claiming urgent account issues to trick them into revealing personal information or clicking malicious links.

🔔 Coinbase’s CEO Brian Armstrong said that he’s optimistic whoever is elected in November’s elections — whether Republican or Democrat — will be “constructive on crypto.”

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🔔 Morgan Stanley, a leading Wall Street bank, is setting a new precedent by allowing its financial advisors to offer Bitcoin ETFs to select clients.

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🔔 HashKey Group’s over-the-counter trading unit is the latest to receive a “Major Payment” license in the crypto-friendly city-state of Singapore.

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🔔 Tether CEO Paolo Ardoino publicly favors Bitcoin over Ethereum for the stablecoin issuer’s reserves, citing Bitcoin’s immutability and fixed supply of 21 million coins.

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🔔 Crypto community slams WazirX’s 'socialized losses' plan after hack.

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🔔 MicroStrategy is seeking to sell its class A shares to raise as much as $2 billion to buy more Bitcoin and for general corporate purposes.

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🔔 Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error.

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