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Multicoin Capital backs Hyperliquid platform Trasia as HYPE holds near $65
Edgen Crypto·Jul 16 2026, 16:30Share to
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[1] Multicoin Capital makes first Hyperliquid ecosystem investment in Trasia, an Asia-focused trading platform (https://www.theblock.co/post/408670/multicoin ...)[2] Bitcoin ETFs see $8B outflows as Hyperliquid attracts $172M inflows (https://cryptobriefing.com/bitcoin-etfs-see-8 ...)[3] Why Hyperliquid Could Become Crypto's First Financial Infrastructure Platform (https://www.forbes.com/sites/georgiiverbitski ...)[4] $1.9 trillion asset manager T. Rowe Price launches first actively managed multi-token crypto ETF - The Block (https://www.theblock.co/post/408667/t-rowe-pr ...)
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Jul 16 2026, 17:00
E*TRADE launches Bitcoin, Ether, and Solana trading at 50 bps fee
Morgan Stanley's E*TRADE began offering spot trading in Bitcoin, Ethereum, and Solana on July 16, giving eligible clients direct access to digital assets through a linked zerohash account at a 50-basis-point fee. "With the rollout of crypto trading on E*TRADE we're advancing our digital assets strategy and bringing new capabilities to clients in an integrated way," Chad Turner, Head of Morgan Stanley Wealth Management Platforms, said. The launch places E*TRADE among a growing roster of traditional brokerages entering crypto, following similar moves by Fidelity and Robinhood. A Morgan Stanley Pulse Survey conducted in April found that 32% of self-directed investors ranked "an established company I can trust" as the top factor when choosing a crypto trading platform, ahead of fees at 25% and pricing at 23%. Another 26% cited the ability to view digital assets alongside traditional investments — a feature E*TRADE now offers through its unified dashboard that displays crypto holdings alongside stocks, ETFs, and options. The rollout coincides with a broader platform refresh that includes fractional share trading, an updated IPO Center with educational resources, and a new Guided Retirement Planning experience powered by Morgan Stanley's Goals Planning System. For active traders, Power E*TRADE Pro received enhancements including a Ticker Tape feature for real-time index tracking, dynamic column sorting, and a higher-contrast Midnight theme. Transfer functionality for digital assets is expected later this year, and custody will eventually transition to Morgan Stanley Digital Trust, a national trust bank currently in organization. "Our clients' needs are evolving, and they want to invest, trade, bank, and plan for the future all in one place," Matt Jones, Head of E*TRADE from Morgan Stanley, said. "Whether they're buying their first share, exploring crypto, participating in an IPO, or planning for retirement, our job is to meet them where they are." The move signals a significant legitimization of digital assets within traditional finance. E*TRADE's roughly 5 million client accounts now have direct access to the three largest cryptocurrencies by market capitalization, potentially driving new capital inflows and pressuring competing brokerages such as Charles Schwab and JPMorgan to accelerate their own crypto offerings. E*TRADE was named #1 Active Trading Web Platform in the StockBrokers.com 2026 Annual Awards. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 16:58
Coinbase and Ripple win EU licenses as $100B stablecoin vacuum opens
Coinbase and Ripple secured EU-wide regulatory authorization through Luxembourg's CSSF as MiCA's July 1 deadline pushed Binance and other unlicensed platforms to suspend services across the bloc, opening a $100 billion-plus stablecoin market to compliant alternatives. "Full MiCA authorization means we enter the post-transition market fully compliant and ready to scale our regulated payment, custody and stablecoin services across the European Economic Area," Cassie Craddock, Ripple's managing director for the UK and Europe, said. Coinbase named Luxembourg as its European MiCA hub in June, securing passporting rights across all 27 EU member states plus Iceland, Liechtenstein and Norway under a single CSSF license. The exchange launched a 5% bonus on eligible asset transfers targeting customers migrating from non-compliant platforms. Ripple received preliminary CASP approval June 23 and full authorization July 6, combining it with an existing Electronic Money Institution license to distribute RLUSD and offer regulated payments across the EEA. Binance withdrew its Greek license application and began suspending services in several EU countries after the 18-month transitional period ended. The migration wave creates compliance risks for both departing and receiving platforms. Bruna Szego, chair of the EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism, warned during a European Parliament briefing that licensed providers could struggle to process large numbers of new customers while maintaining effective anti-money laundering controls. She also cautioned that firms leaving the market could face a surge in withdrawal requests, creating operational pressure on both sides of the transition. For investors, Coinbase's European inflows could boost regional revenue in coming quarters, while Ripple's licensed expansion may increase XRP's role in EU financial services — both outcomes dependent on customer adoption and sustained compliance. XRP whales accumulated 70 million tokens in the week through July 14 as the token's price rebounded above $1.11, with Binance's XRP reserves dropping to a five-month low, according to on-chain data. **Luxembourg Emerges as Europe's MiCA Gateway** Luxembourg has become the primary entry point for regulated crypto operations, with Coinbase, Ripple and Bitstamp all licensed under the CSSF. Each company can use MiCA passporting rules to serve the entire EEA without seeking separate authorization in every member state. The concentration of three major crypto firms under a single regulator creates a compliance cluster that may attract additional applicants seeking regulatory clarity. Global law firm Reed Smith launched Aquarius, a platform that automates MiCA compliance tasks including crypto-asset classification, regulatory white paper preparation and due diligence, as demand for compliance infrastructure grows. The firm plans to extend the platform to regulatory systems in the UK, the UAE, Hong Kong and Singapore. **USDT Restrictions Open Door for USDC and RLUSD** Tether's reduced presence in the EU leaves more than $100 billion in stablecoin volume open to compliant alternatives. Coinbase-backed USDC and Ripple's RLUSD stand to capture market share as regulated European exchanges restrict or delist USDT. Ripple's dual CASP and EMI authorizations allow direct RLUSD distribution and settlement with European institutions without relying on third-party licensed intermediaries. Coinbase can pursue similar revenue through USDC trading, custody and payment settlement across its expanded European user base. The stablecoin revenue dimension — trading fees, custody and payment settlement — represents high-margin lines that both firms now access at scale across Europe. For Coinbase, the European customer inflows could meaningfully affect the company's regional revenue in coming quarters, while Ripple's licensed payment expansion may increase XRP's utility in services offered to EU financial institutions. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 16:37
T. Rowe Price launches first active crypto ETF with 6 tokens
T. Rowe Price began trading the T. Rowe Price Active Crypto ETF (TKNZ) on NYSE Arca Wednesday, the first actively managed multi-token spot exchange-traded product to hit the US market. The fund holds Bitcoin, Ethereum, Binance Coin, XRP, Solana, Hyperliquid, and other tokens from an eligible universe, according to a statement. "Given the rapidly evolving and potentially volatile nature of crypto assets, active management plays an incredibly meaningful role in this space," Blue Macellari, head of Digital Assets at T. Rowe Price and lead portfolio manager for TKNZ, said. "Through the launch of the T. Rowe Price Active Crypto ETF, investors can gain access to a thoughtfully curated, professionally managed multi-coin portfolio that helps eliminate the guesswork of building a crypto allocation on their own." Macellari, who has more than 20 years of experience in alternative asset management, has led the firm's digital asset strategy since 2022. She is joined by four co-portfolio managers: Stefan Hubrich (21 years), David Kroger (nine years), Sean McWilliams (17 years), and Dante Pearson (13 years). The fund charges a management fee of 0.75%, net of a fee waiver effective through May 31, 2027, after which it reverts to 0.90%. The launch marks the first digital asset product in T. Rowe Price's lineup of 34 active exchange-traded offerings, which span equity, multi-asset, and fixed income strategies. The Baltimore-based firm managed $1.89 trillion in client assets as of June 30, 2026, about two-thirds of which are retirement-related. Unlike single-token or passively managed crypto ETPs already on the market, TKNZ applies T. Rowe Price's research-driven active approach to capitalize on emerging trends, momentum-driven rallies, and market rotations among crypto assets, the firm said. The product is structured as a Delaware statutory trust rather than a registered investment company under the Investment Company Act of 1940, meaning it is not subject to the same regulatory requirements as traditional mutual funds or ETFs. T. Rowe Price has built its own modular infrastructure for trading digital assets and partnered with institutional service providers for custody and operations, Macellari's team disclosed. The entry of a $1.89 trillion asset manager into active crypto ETF management signals a shift in how traditional finance approaches digital asset allocation. While spot Bitcoin and Ethereum ETFs have drawn tens of billions in inflows since their 2024 approvals, most products have been passive single-token vehicles. TKNZ's multi-token active structure gives T. Rowe Price's portfolio managers discretion to rotate among assets — a feature the firm argues is critical in a market where individual tokens can swing 20% or more in a single session. The next milestone for the category will be whether other large active managers follow with similar multi-token structures, and whether retirement platforms — which represent the bulk of T. Rowe Price's client base — begin to add these products to model portfolios. This article is for informational purposes only and does not constitute investment advice.