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| Morgan Stanley’s new stablecoin reserve portfolio targets daily liquidity |
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ |
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April 24, 2026 |
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Your Daily Digest of the π₯Hottest News in Crypto |
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Today’s top storiesπ Law enforcement takes down 503 fake crypto investment sites
π΅ Stablecoin issuers must invest $10M minimum to access Morgan Stanley’s reserve offering
π€ DeFi “United” effort tops 43.5K ETH to restore rsETH backing
π° Keep reading for all of today’s biggest headlines |
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US DOJ strike force freezes $701M in crypto tied to scamsThe US Department of Justice said it has frozen more than $701 million in cryptocurrency tied to investment scams targeting Americans, using cooperation from crypto exchanges and legal processes to restrain the funds for potential victim restitution. As part of the crackdown, the Scam Center Strike Force seized a Telegram channel used to recruit job seekers, shut down 503 fake crypto investment websites, and unsealed complaints and arrest warrants against two Chinese nationals allegedly linked to a fraud operation in Burma. The report also notes similar enforcement efforts abroad, including a Singapore police operation that prevented about $2.86 million in potential losses through rapid coordination with exchanges and blockchain analytics firms. |
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Morgan Stanley launches stablecoin offering through money market fundMorgan Stanley’s investment management arm has launched a “Stablecoin Reserves Portfolio” that lets stablecoin issuers hold the cash backing their tokens in the bank’s MSNXX money market fund while earning interest, with a $10 million minimum investment. The fund targets capital preservation, daily liquidity, and income distribution while maintaining a $1 net asset value, and the bank says the offering is designed to align with the newly enacted GENIUS Act stablecoin framework. The move underscores Morgan Stanley’s broader push into crypto products and infrastructure, including its recently launched Bitcoin trust and filings tied to Ether and staked Solana ETFs, alongside a bid for a national trust charter to expand into custody and trading services.
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Bitcoin 2026 isn’t just a conference – it’s a full cultural moment π– Michael Saylor, Paul S. Atkins, Mike Selig and more than 400 speakers – Six stages – 100+ hours of programming – Dedicated tracks for developers, investors, enterprises, policymakers, and newcomers April 27–29, Las Vegas Register with the promo Cointelegraph10 to get 10% OFF.
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Crypto protocols pledge 43K ETH to restore rsETH backingMajor DeFi players including Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have pledged over 43,500 ETH (about $101 million) to Aave’s “DeFi United” effort to restore rsETH backing after a $293 million exploit of the Kelp restaking platform triggered a liquidity shock. The attacker stole 116,500 restaked ETH tokens via a LayerZero-powered bridge and used them as collateral on Aave v3, creating roughly $195 million in bad debt, while Aave paused rsETH reserves across multiple chains as recovery plans advance. Arbitrum’s security council has frozen 30,766 ETH linked to the exploit, but analysts say much of the loot has already been laundered.
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What an on-chain travel pass actually means for youOwning a slice of travel inventory used to mean signing a contract you couldn’t get out of. On-chain travel passes move with the holder, not the developer — transferable, verifiable, and not tied to one resort. That’s what Real-World Assets on-chain looks like in practice. |
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MARKETS |
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Bitcoin price set for best gains since Q4 2024 with $77.5K monthly closeBitcoin is on track to post its strongest monthly gain since late 2024 if it closes the month near current levels around $77,500. Data from TradingView and CoinGlass shows BTC is up about 14.3% in April, capping a sharp rebound that has lifted price close to $80,000—roughly $20,000 above early-February lows—despite ongoing geopolitical and macro uncertainty. The rally is being supported by improving risk sentiment and renewed institutional demand, highlighted by U.S. spot Bitcoin ETFs buying nearly 19,000 BTC in the past five days—about nine times new supply over that span. Still, traders warn that Bitcoin faces heavy resistance near $80,000 and may need a prolonged fight to reclaim higher levels, with some noting that by historical patterns the broader bear-market phase may not be finished.
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