Crypto Capsule - Ep. 184 #cryptocurrency #news #stablecoin #regulation #bitcoin #nyc #solana

Key Takeaways

I'm in New York City today on a cold day. Would you like to hear this crypto capsule? All the info you need in less than 60 seconds. Here we go. This episode is sponsored by Deribit. More details and disclaimers in the link above. The US Department of Labor has proposed a rule that will make it easier for 401K plans to include alternative assets such as crypto. This matters as there are over 14 trillion dollars in assets in 401K schemes alone. Morgan Stanley announced their plans to launch a spot Bitcoin ETF. If approved, it would be the first spot Bitcoin ETF issued directly by major US bank leveraging Morgan Stanley's vast wealth management network. Franklin Templeton announced the launch of its crypto division Franklin Crypto. Let's not forget that the firm is already quite active in crypto with a Bitcoin ETF and an on-chain money market fund called Benji. On a crypto native side, it was reported that Tether has hired KPMG for financial audit and PwC for audit readiness. Since 2022, BDO Italy provides monthly attestation to Tether based on agreed procedures, but having a big four to conduct a financial audit is a big milestone for Tether and the crypto ecosystem. Finally, DeFi exchange Drift was hacked with over 250 million dollars in assets being drained. Drift is one of the largest DeFi exchanges globally for perpetual swap trading and this makes it one of the largest hacks of all time. The exchange had to clarify that this was not an April Fool's joke. That's all for this week, folks. Make sure to subscribe and follow us so you never miss an episode and make sure to also follow me on my YouTube page for more educational content on crypto and see you all next week from somewhere in the world.