Core Insights - GenieAI has launched Allo, a pioneering data platform designed to provide live, verified track records for crypto separately managed accounts (SMAs) [1] Company Overview - The introduction of Allo marks a significant advancement in the crypto investment space, aiming to enhance transparency and trust in crypto SMA performance [1] Industry Impact - This platform is expected to set a new standard for data verification in the cryptocurrency sector, potentially attracting more institutional investors to the market [1]

Industry Focus - The crypto industry is urged to prioritize hospitality and user experience [1] - Exchanges and DeFi platforms should become more user-friendly [1] Market Outlook - The goal is for "big banks fade out of view" through improved user experience [1]

Eleven crypto companies raised $99.6 million this week, according to DefiLlama data. That brings the total funding for crypto companies to nearly $22 billion so far in 2025, far outpacing 2024’s total by over $11 billion. Investors from Galaxy Ventures and Codebase expect it to go even higher, with investors expected to plough over $25 billion into the industry in 2025. Despite the October deleveraging, the crypto fundraising environment remains stable, according to Mike Giampapa, General Partner of Gal ...

Core Insights - The nomination of Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC) represents a significant shift in U.S. crypto policy, moving away from an enforcement-first approach to a more structured regulatory environment [1][6] - Selig's background as Chief Counsel of the SEC's Crypto Task Force positions him as a key figure in shaping a friendlier regulatory landscape for digital assets [2][5] - The appointment follows a politically charged failed nomination process, highlighting divisions within the crypto sector regarding regulatory approaches [4] Regulatory Framework - The Trump administration has introduced significant digital asset legislation, including the GENIUS Act and CLARITY Act, aimed at integrating crypto into the U.S. financial market structure [6] - Under the proposed framework, the CFTC would oversee spot crypto trading, classifying most cryptocurrencies as commodities, while the SEC would maintain jurisdiction over security-like instruments [7] - This regulatory shift places the CFTC chair in a pivotal role for the supervision of the majority of the crypto market [7]

Group 1 - Crypto.com has filed for a national trust bank charter with the Office of the Currency Comptroller (OCC), joining other crypto companies like Circle and Coinbase in this pursuit [1][3] - The CEO of Crypto.com, Kris Marszalek, emphasized the company's focus on building a regulated and secure product portfolio, expressing excitement about the charter application as a step towards providing trusted services [2] - The OCC's approval for banks to manage crypto assets has led to increased interest from crypto firms in obtaining national trust bank charters, with Erebor recently becoming the first to earn a conditional federal charter [3] Group 2 - The Federal Reserve is exploring the issuance of "skinny master accounts" for crypto banks, which would allow access to the Fed for direct payments, albeit with limitations [4][5] - These "skinny" master accounts would not include benefits such as interest payments or overdraft protection, indicating a cautious approach towards crypto banking [5] - Crypto.com has recently relaunched its institutional exchange amid a more favorable regulatory environment in the U.S., although it faced a regulatory setback in Nevada [5]

Core Insights - Crypto.com has filed an application with the OCC for a National Trust Bank Charter, aiming to expand its custody business rather than operate as a traditional bank [1][2][3] - The potential federal regulatory approval could attract more institutional clients to its custody solutions and enable new staking options [1][4] - The community has shown cautious optimism regarding the banking license, as evidenced by a brief spike in the value of its CRO token following the announcement [5][6] Company Strategy - The CEO of Crypto.com emphasized the focus on building a regulated and secure product and service portfolio, indicating a strategic shift towards custody services [2][3] - The company aims to leverage its new custody role to offer additional services, such as token staking across multiple blockchains [4] Market Context - The OCC has become more crypto-friendly, allowing banks to custody digital assets, which may increase the likelihood of Crypto.com obtaining the banking license [6] - The trend of crypto-native firms seeking banking charters is growing, with other companies like Ripple and Coinbase also pursuing similar paths [2][6]

Company Strategy - Ripple launches Ripple Prime after acquiring Hidden Road [1] - Ripple becomes the first crypto firm to operate as a global multi-asset prime broker [1] Industry Impact - The acquisition positions Ripple as a significant player in the crypto prime brokerage space [1]

⚡️ INSIGHT: CZ’s presidential pardon isn’t a clean slate.It's a seal on his conviction, paving the way for a flood of civil lawsuits against Binance.Is this the crypto industry’s reckoning or a dangerous precedent undermining justice? https://t.co/LORHSp3fgl ...

Regulatory Compliance - Cryptomus, a Vancouver-registered crypto firm, has been fined $126 million for failing to report high-risk transactions [1] Risk Factors - The unreported transactions were tied to child abuse, ransomware, and Iran-linked transfers [1]

Fireblocks buys crypto authentication startup Dynamic, completing its offerings from 'custody to consumer' https://t.co/K9r5AKy2IR ...