Citadel Securities places a $400 million bet on Crypto.com
Visa is building a stablecoin factory for banks and fintechs.
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Forget price moves. Today's crypto story is about stablecoins and infrastructure.
Crypto.com got its first "grown-up" investor, while Visa built the plumbing so banks can handle stablecoins.
Elsewhere, Morgan Stanley is letting its clients buy Bitcoin next to their index funds.
And MoonPay just bought its sixth company this year.
Here's your daily market briefing.
Wall Street just backed Crypto.com's next chapter
Citadel Securities invested $400 million in the exchange, marking its first outside funding round in more than a decade.
The fresh capital will help Crypto.com expand into tokenized securities, derivatives and institutional infrastructure.
This is another sign Wall Street isn't just trading crypto anymore. It's investing in the companies building tomorrow's market infrastructure.
Markets
Crypto dipped while Wall Street quietly built more on-ramps
Markets softened as tech stocks dragged the Nasdaq lower, with chip names like Micron falling 8%.
Morgan Stanley just completed the rollout of spot digital asset trading covering Bitcoin, Ethereum and Solana through its E*TRADE platform.
BTC slipped below $64K, ETH traded near $1,870, and SOL hovered around $76.
Visa launches a one-stop shop for bank-issued stablecoins
Visa just unveiled a platform that lets banks mint, transfer, and redeem stablecoins from a single dashboard.
The Visa Stablecoin Platform gives banks, fintechs, and crypto firms wallet management and token issuance without building their own infrastructure.
Simply put, the digital payments leader wants to be the AWS of stablecoins, and that could reshape how global payments actually settle.
MoonPay acquires Glide to make crypto deposits painless
MoonPay bought Glide, a deposit provider handling over $100M annually across 30 blockchains.
Glide was built by former Robinhood wallet engineers. It lets apps accept crypto from any wallet or exchange.
MoonPay is betting that the next wave of adoption hinges on making deposits as easy as Venmo.
On Our Radar
Privacy's the new compliance: your users probably care more than you think.*
Crypto's consolidation play: Keyrock swallows BlockFills to bulk up trading operations.
Bipartisan shade: Senate just rejected any chance of a Bankman-Fried pardon.
*sponsored
ICYMI
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