Entropy Shuts Down: a16z-Backed Crypto Startup Returns Capital to Investors A high-profile cryptocurrency startup, Entropy, backed by a whopping $25 million from Andreessen Horowitz (a16z) and other venture giants, has called it quits after four grueling years. Founder Tux Pacific made the tough call to shutter operations and return the remaining capital to investors, a […]
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BNY Q3 2025: 21% Profit Surge Amid Bullish Markets and Epstein Scandal—Crypto Implications? Bank of New York Mellon (BNY), a titan in the world of asset custody, has just dropped a bombshell of a Q3 2025 earnings report, boasting a 21% profit surge to $1.34 billion while managing a staggering $57.8 trillion in client assets. […]
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Citibank Steps Into the Crypto Arena: 2026 Custody Platform Signals Institutional Tidal Wave Citibank, a titan of traditional finance with $2.57 trillion in assets under custody, has dropped a bombshell: it’s launching a regulated digital asset custody platform by 2026. After over three years of development, this move marks a bold pivot toward blockchain and […]
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SEC’s Paul Atkins Leads Friday Crypto Custody Roundtable Amid Regulation Shift Newly-confirmed SEC Chair Paul Atkins is set to lead a crucial roundtable on crypto custody this Friday, marking a significant shift from the agency’s previous enforcement-heavy approach to a more collaborative regulatory framework for the cryptocurrency sector. SEC Chair Paul Atkins to lead crypto […]
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US Treasury Explores Custody Options for Strategic Bitcoin Reserve The US Treasury is exploring options for securing its strategic Bitcoin reserve, which currently holds nearly 200,000 BTC valued at around $17.5 billion. Discussions with top cryptocurrency custody companies are underway to determine whether the government should self-custody its Bitcoin or utilize third-party custody services. This […]
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Coinbase Urges US Regulators to Clear Path for Banks in Crypto Market Coinbase, a leading US-based cryptocurrency exchange, is pushing for clearer regulations in the US to enable banks to offer cryptocurrency custody and trading services, while celebrating recent progress in the UK. Coinbase urges US regulators for regulatory clarity Approval from UK’s FCA makes […]
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SAB 121 Rescinded: A Clear Path to Crypto Custody and Regulation in 2025 The U.S. Securities and Exchange Commission (SEC) announced a significant shift in crypto regulation by withdrawing Staff Accounting Bulletin 121 (SAB 121) and introducing SAB 122 on January 23, 2025. This move, backed by President Donald Trump’s administration, signals a departure from […]
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Standard Chartered Launches Crypto Custody Services in EU via Luxembourg Entity Amid MiCA Regulation Standard Chartered, a leading traditional bank, has set its sights on the European Union’s burgeoning crypto market by establishing a new entity in Luxembourg. This move, announced on January 9, leverages the EU’s new Markets in Crypto Assets (MiCA) regulation, positioning […]
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