Tag: Crypto

EU Eyes Central Crypto Oversight as MiCA Faces Tensions

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The European Union’s markets regulator is preparing to expand its authority to cover cryptocurrency exchanges and other operators, a move officials say would better align oversight with the bloc’s newly implemented Markets in Crypto-Assets (MiCA) framework. Verena Ross, chair of the European Securities and Markets Authority (ESMA), confirmed in an interview with the Financial Times that the European Commission is developing plans to shift supervision of several financial sectors, including crypto, from national regulators to ESMA. Ross said the reform would help build “a more integrated and globally competitive” EU…

Unity Fixes Vulnerability Targeting Mobile Gamers and Crypto Wallets

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Unity Technology has deployed a fix for a vulnerability that allowed third-party code to run in Android-based mobile games, which some experts warned last week could be a risk to crypto users. Unity said on Friday that the security patches were rolled to fix a vulnerability in its gaming engine that was discovered in June. The director of community of Unity Technologies, Larry “Major Nelson” Hryb, posted a security update advisory explaining that the vulnerability could allow local code execution and “access to confidential information on end-user devices running Unity-built…

Crypto Allocation of up to 4% Ok in Higher Risk Portfolios

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Financial services giant Morgan Stanley issued guidelines for crypto allocations in multi-asset portfolios, recommending a “conservative” approach in an October Global Investment Committee (GIC) report to investment advisors. Analysts at Morgan Stanley recommended up to a 4% allocation for cryptocurrencies in “Opportunistic Growth” portfolios, which are structured for higher risks and higher returns.  The analysts also recommended up to a 2% allocation for “Balanced Growth” portfolios featuring a more moderate risk profile. However, the report recommended a 0% allocation for portfolios oriented toward wealth preservation and income. The authors wrote:…

Morgan Stanley GIC suggests 2 to 4% crypto allocation across portfolio types

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Key Takeaways The Global Investment Committee at Morgan Stanley has outlined a 2% to 4% target range for crypto allocations based on investor risk appetite. The GIC explicitly likens Bitcoin to digital gold, emphasizing its scarcity-driven investment appeal. Share this article Morgan Stanley’s Global Investment Committee (GIC), which oversees the firm’s strategic asset allocation framework for wealth management clients, has recommended allocating between 2% and 4% of portfolios to crypto depending on investor risk appetite, per a new GIC report shared by Bitwise CEO Hunter Horsley. According to the GIC,…

Population Aging To Drive 200% Asset Demand Surge By 2100: Crypto Catalyst

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Global demographic shifts and rising wealth could power cryptocurrency adoption and asset demand well into the next century. Demand for global assets, including cryptocurrencies, is expected to be driven by an aging global population and increased productivity worldwide, resulting in an older population with more capital to invest. This dynamic will drive asset demand until the year 2100, according to the US Federal Reserve Bank of Kansas City. “For asset demand, population aging means that the upward trend from recent decades will continue,” a research report published on Aug. 25…

Crypto Trader Turns $3k Into $2M, Nets 650x On CZ Memecoin Post

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A lucky cryptocurrency trader turned a $3,000 investment into roughly $2 million within hours after Binance co-founder Changpeng “CZ” Zhao shared a post about a BNB Chain memecoin on X. Blockchain data shows the trader, identified by wallet address “0x872,” was one of the earliest buyers of the newly launched “4” ($4) token, according to blockchain analytics platform Lookonchain. The trader’s initial $3,000 worth of BNB (BNB) grew into $2 million, marking a roughly 650-fold return on investment. Despite the massive gains, the trader sold only a small portion of…

$80M crypto shorts liquidated in the past hour

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Key Takeaways Approximately $80 million in crypto short positions were liquidated in one hour. Short positions bet on price declines; their liquidation often signals bullish momentum. Share this article Around $80 million in crypto short positions were liquidated in the past 60 minutes as digital asset prices surged higher, forcing bearish traders to close their positions at losses. Recent market activity has shown bearish traders increasingly under pressure from sudden price surges across major digital assets. The forced closure of short positions often signals strengthening bullish sentiment in the crypto…

Crypto Network Revenue Declined by 16% in September — VanEck

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Network revenues across the blockchain ecosystem declined by 16% month-over-month in September, mainly due to reduced volatility in the crypto markets, according to asset manager VanEck. Ethereum network revenue fell by 6%, Solana’s fell by 11%, and the Tron network recorded a 37% reduction in fees, due to a governance proposal that reduced gas fees by over 50% in August, according to VanEck’s report. The revenue drop in the other networks was attributed to reduced volatility in the crypto markets and the underlying tokens powering those networks. Ether (ETH) volatility…

Tokenized Crypto Treasury Companies Magnify Risks of Volatile Assets: Execs

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Digital asset treasury (DAT) companies that tokenize their stocks on the blockchain compound the risks to investors and their own businesses, according to several crypto industry executives. “Blockchains trade 24/7, whereas traditional markets have specific hours of operation,” Kadan Stadelmann, chief technology officer of the Komodo decentralized exchange platform, told Cointelegraph. Sharp onchain price movements that occur outside of traditional market operating hours could lead to a run on the stock of a treasury company that has issued both tokenized and traditional shares, without the company having sufficient time to…

Crypto VCs Are Becoming More Conservative: Exec

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Crypto venture capitalists are dialing back their risk appetite, avoiding the hot flavor of the month and applying a more critical lens to investments, according to Bullish Capital Management director Sylvia To. “VCs are a lot more careful now. It’s not just a narrative play. Before you could throw a check and say, Oh, there’s another L1 but it’s going to be an Ethereum killer,” To told Cointelegraph during a sit-down interview at Token2049 in Singapore. “Then subsequently, you saw all these new chains forming,” she said, explaining that the…