Morgan Stanley is reportedly developing a Bitcoin investment product, partnering with Coinbase for custody and BNY Mellon for banking services. Meanwhile, Google warns of a new iPhone exploit targeting crypto users, Zerohash applies for a U.S. national trust bank charter, venture firm a16z aims to raise $2 billion for a new crypto fund, and Tether invests $1.5 billion in AI sleep-tech company Eight Sleep.
A sophisticated iPhone exploit kit dubbed “Coruna” has been identified by Google researchers. The kit can infect devices through compromised websites and fake crypto platforms to steal sensitive data like wallet seed phrases.
Morgan Stanley is preparing to deepen its involvement in crypto infrastructure by considering a Bitcoin investment product. The bank will rely on Coinbase for custody and BNY Mellon for additional asset custody related to the proposed Morgan Stanley Bitcoin Trust.
Infrastructure firm Zerohash has applied for a National Trust Bank Charter with the U.S. Office of the Comptroller of the Currency. If approved, the charter would allow it to operate as a federally regulated trust bank for services like digital asset custody.
Venture capital giant Andreessen Horowitz is raising around $2 billion for a new cryptocurrency-focused fund. The fundraising round could close as early as the first half of this year.
Stablecoin issuer Tether has made a strategic investment in AI-powered sleep technology company Eight Sleep, valuing the firm at $1.5 billion. This move is part of Tether’s strategy to diversify into emerging sectors beyond crypto.
