The Ethereum stablecoin supply has reached a record $180 billion, according to Token Terminal. The data shows that the Ethereum network still leads the market for stablecoin supply and onchain dollar liquidity.
Morgan Stanley’s Bitcoin ETF Opens a New Front as MSBT Starts Trading on NYSE Arca
Morgan Stanley is set to launch its spot Bitcoin ETF on Wednesday, April 8, under the ticker MSBT on NYSE Arca. The product, called the Morgan Stanley Bitcoin Trust, is expected to enter the market with a 0.14% annual fee, which is lower than the current 0.15% fee charged by Grayscale Bitcoin Mini Trust.
Onchain trading is concentrating on the platforms that can give reasons to stay
Two things can be true at once in crypto markets. A sector can cool down overall, and still become more important in a narrower set of places. That is what the latest onchain trading data suggests.
China is treating digital finance like a sovereignty issue
Three recent China-related stories point in the same direction. Digital finance is being treated less like a loose technology trend and more like strategic infrastructure that the state wants to shape, use, and control.
The Drift hack changed what DeFi security means
The Drift exploit looked like another big DeFi hack at first. Around $280 million to $285 million was drained, and the first instinct for many readers was the usual one: another protocol, another technical failure.
Political attention to crypto is no longer rare, but that is not always a good thing
High-level political attention to crypto is starting to look normal. That is a big change from just a few years ago, when digital assets were more often treated as a fringe policy topic or a niche regulatory headache.
Onchain Evidence Leads Terror Financing Convictions in Indonesia
Onchain evidence helped secure the conviction of three terrorism financiers in Indonesia in 2024 and 2025, according to TRM Labs. The cases showed that blockchain evidence now carries weight in court and can support terrorism financing prosecutions.
Bitcoin Quantum Threat Raises New Fight Over 1.7 Million Vulnerable BTC
The Bitcoin quantum threat debate moved back into focus after Grayscale head of research Zach Pandl said the bigger issue may be social, not technical. His comments followed a Google paper released on March 30.
Crypto is turning into a real policy variable
Two recent stories point to the same bigger shift. Crypto is starting to matter to governments as part of economic policy, not just as a niche sector that needs rules. That is a more serious change than it sounds.
AI is moving inside crypto’s operating layer
Two recent crypto stories look unrelated at first. One is a security warning, the other is a developer rollout, but put them together, and a bigger shift comes into view: AI is starting to become part of crypto’s everyday operating layer.
