European Central Bank executive Piero Cipollone has argued that rising geopolitical tensions make a European-controlled payments system a strategic necessity. Rising geopolitical tensions are strengthening the case for a European-controlled digital payments system, according to European Central Bank (ECB) executive board member Piero Cipollone. In an interview with Spanish newspaper El País, shared by the ECB on Wednesday, Cipollone described the proposed digital euro as “public money in digital form,” arguing that it was needed to complement cash and address an increasingly fragmented payments landscape in Europe, especially as e-commerce grows. He noted that cash accounted for around a quarter (24%) of day-to-day transaction value in 2024, down sharply from 2019 (40%), and said the ECB had a responsibility to adapt how it provided money as a public good. Read more
Bitcoin ETF investors contend with price dropping to their aggregate entry level, but a crypto executive claims new institutions are lining up. Bitcoin (BTC) institutional investors face a test of “conviction” as exchange-traded fund (ETF) holdings tumble by $6 billion. Key points: Bitcoin ETF investors now face falling into aggregate loss on their holdings. Read more
Bitcoin price traded below $90,000 as investors braced for Jerome Powell’s post-FOMC speech that could trigger volatile swings toward key BTC price levels. Bitcoin (BTC) is attempting to break the resistance at $90,000 on Wednesday, as traders expect volatile price swings before and after the US policy decision on interest rate cuts. Key takeaways: The odds of the US Federal Reserve leaving interest rates unchanged today are 100%. Read more
A wallet linked to an alleged theft of US government-seized crypto launched a Solana memecoin on Pump.fun that later crashed 97%, raising tokenomics red flags. A cryptocurrency wallet linked by blockchain investigators to an alleged theft of US government-controlled crypto holdings launched a Solana-based memecoin that later collapsed, renewing scrutiny of memecoin launch practices and onchain token distribution risks. The token, called John Daghita (LICK), was created on the Pump.fun launchpad and lost about 97% of its value within its first day of trading, according to onchain data. The token briefly reached a market capitalization of about $915,000 before falling below $25,000 by the time of writing. Leading up to the rally, the token deployer address made four acquisitions, while the coin was still trading below the $21,000 market capitalization, Pump.fun data shows. Read more
OKX says the card supports USDC and USDG spending, is issued via Monavate on Mastercard’s network and is available to verified EU users. Cryptocurrency exchange OKX is rolling out a payment card in Europe, allowing users to spend stablecoins at merchants accepting Mastercard. The OKX Card is issued through the company’s Electronic Money Institution (EMI) partner, Monavate, OKX said Wednesday in an announcement shared with Cointelegraph. At launch, the card supports spending in stablecoins including Circle’s USDC (USDC) and the Paxos-issued Global Dollar (USDG). Read more
Chainalysis says the on-chain money laundering ecosystem processed $82 billion in funds in 2025, with Chinese-language networks now dominating. The use of centralized crypto exchanges for laundering illicit funds is on the decline, with Chinese-language money laundering networks now being used more than ever, according to Chainalysis. Chainalysis said in a report on Tuesday that informal service-based networks offered through Chinese-speaking channels have a wide variety of laundering-as-a-service businesses that use money mules, informal over-the-counter trade desks, and gambling platforms to mix and swap crypto. The networks emerged during the start of the COVID-19 pandemic in early 2020, and now “dominate known crypto money laundering activity.” Read more
Morgan Stanley largely sat out the first wave of institutional crypto adoption across 2024–2025 but surprised many with three crypto ETF filings earlier this month. Morgan Stanley has tapped veteran executive Amy Oldenburg to lead the investment bank’s new crypto unit, just weeks after announcing plans to launch three crypto exchange-traded funds and a crypto wallet. Oldenburg will transition to head of digital asset strategy after working in Morgan Stanley’s emerging markets equity team since 2001, Bloomberg reported on Tuesday. Oldenburg has been leading the emerging markets team since November 2021, where she was tasked with driving the division’s digital asset strategy. Read more