Crypto for Advisors: The crypto advice gap
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.…
B2C2 taps Schroders veteran to chase Asia’s growing crypto wealth
The institutional crypto liquidity provider is bringing on the former Schroders Wealth Management Asia chairman as it targets family offices and asset managers…
Swissquote cuts full-year guidance as 1H crypto income plunges, shares slide
The online bank cut fullyear revenue and profit forecasts after firsthalf crypto trading levels slumped. Source：CoinDesk
Crypto platform operator gets 15-year prison sentence in South Korea due to $50 million scam
A South Korean court sentenced the head of centralized finance (CeFi) lender Delio to 15 years in prison for embezzling digital assets from more than 1,100…
Bullish Q2 adjusted earnings in line as rise in subscription revenue offsets digital asset slowdown
Digital asset sales slumped to $32.6 billion from $58.6 billiion a year earlier, but other revenues roughly doubled yearoveryear to just shy of $65 billion.…
Bitcoin holds steady near $64,000 as monero, hyperliquid outperform
Crypto markets remain in a low volatility holding pattern, trading in a tight range following Wednesday's CPI report. Source：CoinDesk
Arizona crypto ATM law helps 35 scam victims recover $171K
Qualifying new customers can receive full reimbursement, including fees, if they notify both the operator and law enforcement within 30 days.…
Morgan Stanley's infrastructure partner Zerohash rebuffed in pitch to be U.S. trust bank
Zerohash, which handles crypto plumbing for Morgan Stanley's ETrade, said it's planning on refiling and hoping for a swift resolution. Source：CoinDesk
Hawaii crypto ATM ban to take effect on Oct. 1
Hawaii will join Minnesota, Tennessee and Indiana in becoming the fourth US state to completely ban the use of cryptocurrency ATMs and kiosks in response to…
Bitwise cuts 14% of staff while still expecting growth
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons,…
Wintermute plans $1 billion AI push beyond crypto: Bloomberg
The firm aims for noncrypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business. Source：CoinDesk
Crypto Long & Short:
In this week's Crypto Long & Short, LMAX Group's Jenna Wright argues that markets break down not from too little capital but from capital stuck in the wrong…