🔥 Trump-Linked World Liberty Gets Conditional Bank Charter for USD1 Stablecoin.
Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The OCC granted preliminary conditional approval for World Liberty Trust Company, a Florida-based national trust bank tied to the Trump family's World Liberty Financial. As a trust bank it won't take deposits, carry FDIC insurance or seek a Fed master account for now. Commenters raised conflict-of-interest concerns over ties to Trump, his family and Emirati investorswhich the OCC dismissed as outside its scope. The Office of the Comptroller of the Currency on Thursday granted preliminary conditional approval for a national trust bank tied to World Liberty Financial, the crypto venture backed by President Donald Trump and his family, clearing a major hurdle for the firm's dollar-pegged stablecoin.
The proposed institution, World Liberty Trust Company, National Association, would be based in Bay Harbor Islands, Florida. According to the OCC's decision letter, it plans to issue and redeem USD1, World Liberty's stablecoin, taking over that role from BitGo, the current exclusive issuer and custodian. The bank would also provide digital-asset custody as a fiduciary and let custody clients convert approved stablecoins into USD1. As a trust bank, it won't take deposits, carry FDIC insurance or, for now, seek a Federal Reserve master account, and it committed to staying outside the definition of a bank under the Bank Holding Company Act.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 France Tax Data Leak Could Fuel Scams, Attacks Targeting Bitcoin Holders.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief A reported breach of Frances tax authority exposed data tied to 678,437 people and businesses. The records allegedly include income figures, addresses, tax identifiers, and family information. The data could help criminals craft targeted scams against wealthy taxpayers and Bitcoin holders.
A hacker is selling a trove of French tax records that could expose more than 678,000 people and businesses, including Bitcoin holders, to phishing, identity theft, and targeted attacks. According to a report by French cybersecurity outlet FrenchBreaches, a hacker is selling records allegedly stolen from Frances tax authority, the DGFiP, during a June breach for several thousand euros. More bad news for Bitcoiners living in the leading country for wrench attacks, Chief Security Officer at Bitcoin security platform Casa Jameson Loop wrote on X.
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🔥 Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Galaxy Research now puts the Coldcard exploit's confirmed haul above 1,778 BTC (about $112 million), with a suspected fourth wave that would lift it to 2,417 BTC. No confirmed attacker activity has appeared after August 6, across three major waves and more than 30 smaller footprints. Galaxy has spoken to 190-plus victims directly and still tells single-signature Coldcard holders to move funds to fresh addresses. Stolen Bitcoin losses from the massive Coldcard wallet exploit have begun to slow, but the total amount of BTC swiped continues to climband the worst may not be over just yet.
Thats the latest from Galaxy Research, the crypto research firm thats been tracking the exploit from the start. The company said Thursday that the Coldcard seed-recreation exploit has now drained more than 1,778 BTCroughly $112 millionand the final figure will likely be higher. Galaxy said it has very high confidence in the tally, which counts confirmed, owner-attributed thefts since the attack opened on July 30, per its running thread on X. Attackers have been executing this attack since at least early morning July 30, 2026, systematically recreating Coldcard-generated seeds and sweeping the funds onchain, Galaxy Research wrote.
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🔥 Israels Largest Bank Will Give Bitcoin Trading Another Try.
A softer regulatory line and Galaxy's custody stack now give it another shot in early 2027.By Jose Antonio LanzEdited by Guillermo JimenezAug 14, 2026Aug 14, 20263 min readIsrael flag. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bank Leumi, Israel's largest bank, will let customers trade Bitcoin, Ethereum, and Solana inside Leumi Trade through Galaxy's trading and custody rails. It's Bank Leumi's second attempt at crypto trading, after a failed run back in 2022. The target is early 2027, still subject to Bank of Israel approvalthe same gate that killed Leumi's 2022 Paxos plan.
Bank Leumi and Galaxy Digital said Thursday they'll bring cryptocurrency trading to Israel's largest bank through its digital investment arm, Pepper. Customers of Leumi and PEPPER, the bank's mobile digital banking arm, will be able to buy, hold and sell selected digital assets, including Bitcoin, Ether and Solana, within the Leumi Trade capital markets application, an official press release says. Trading will take place in a dedicated, secured section of the app. The service is expected to become available to customers in early 2027. It isn't Leumi's first swing.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Fake LinkedIn Crypto Job Scams Have Cost $11.8M: Singapore.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Singapore's police force and cyber security agency put losses from a scam using fake job offers and compromised software systems at $11.8 million. They describe a case in which a victim was approached by a bogus recruiter for a crypto firm and steered into a coding assessment run on a company laptop. The malware harvested a session token, which was used to bypass multi-factor authentication and open the victim's Bitbucket account. Scammers posing as recruiters for cryptocurrency companies have taken $11.8 million (S$15.1 million), using fake job offers to compromise their targets' employers, according to a joint advisory from the Singapore Police Force and the Cyber Security Agency of Singapore.
Setting out how the scam works in a statement on Friday, reported by The Straits Times and Channel NewsAsia, the agencies said a victim was approached on LinkedIn by someone posing as a recruiter for a crypto company, then moved to email, where the sender used a spoofed domain closely resembling a real firm's. Several interviews followed on Google Meet. The interviewer kept their camera off throughout. The victim was then sent to a spoofed website to complete a technical coding assessment, and did so on a company-issued device, downloading malicious software in the process without realizing it.
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🔥 Irelands New AML Strategy Brings Enhanced Checks on Private Crypto Wallets.
Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Ireland published its first National Anti-Money Laundering Strategy on Thursday, with crypto-asset rules among the reforms it sets out. The final elements of the EU Transfer of Funds Regulation will bring enhanced checks on transfers involving private crypto wallets and stricter due diligence on overseas crypto firms. The strategy builds on a 30-point action plan published in June that promised enhanced safeguards around crypto-assets and digital finance.
Ireland published its first national anti-money laundering strategy on Thursday, including crypto measures targeting wallets held outside regulated firms. Most of the EU Transfer of Funds Regulation has already been implemented in Ireland, with the Department of Finance saying that the remaining elements introduce new obligations for crypto-asset service providers, requiring enhanced checks on transfers involving private crypto wallets and stricter due diligence when dealing with overseas crypto firms. Tnaiste @SimonHarrisTD has today launched Irelands first National Anti-Money Laundering, Countering Financing of Terrorism Countering Proliferation Financing Strategy.
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Morning Minute: Tether Finally Gets An Audit Price data by DecryptNewsOpinionMorning Minute: Tether Finally Gets An AuditIt seems Tether passed, putting an end to the longest-running open criticism of the leading stablecoin company.By Tyler WarnerEdited by Stephen GravesAug 14, 2026Aug 14, 20265 min readTether CEO Paolo Ardoino at Bitcoin 2025. Image: Tether/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Tether Finally Got a Real Audit, and KPMG Signed Off Tether said Thursday that Big Four accounting firm KPMG issued an unqualified opinion (the best possible result) on its 2025 financial statements.
Tether (the company behind the leading stablecoin USDT) called it the largest inaugural financial audit in history, and said KPMG examined its assets, liabilities, income, cash flows, internal systems, records, counterparties, and supporting documentation, even physically counting and inspecting every individual gold bar Tether holds rather than trusting custodian reports. Tether has spent years fending off questions about whether USDT is truly backed. For most of its history, it published quarterly attestations (a lighter review), rather than submitting to a full audit, which critics treated as a red flag. And the skepticism wasnt unfounded: Tether paid an $18.5 million settlement to New York in 2021 over misrepresenting its reserves, and the CFTC fined it $41 million the same year for claiming USDT was fully backed by dollars when it wasnt at all times.
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🔥 SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The SEC has canceled Friday's meeting, at which commissioners were to vote on proposing a tailored offering regime for crypto assets. A spokesperson cited an unforeseen scheduling issue, with no replacement date announced. It would have been the agency's first crypto-specific rulemaking, and followed the Senate leaving for recess without advancing the Clarity Act.
The Securities and Exchange Commission has called off an open meeting scheduled for Friday morning at which its three commissioners were to vote on proposing the agency's first crypto-specific rules, Reuters reported on Thursday. The formal notice, issued under the Sunshine Act and signed by SEC secretary Vanessa Countryman, records only that the meeting has been cancelled, making no mention of a new date. A spokesperson separately told reporters the session would move to a later date due to an unforeseen scheduling issue, without elaborating.
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🔥 Kalshi Ordered to Block Washington Bets Days After CFTC Backed It.
Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief A Washington judge has ordered Kalshi to stop offering wagers on sports, elections, politics, entertainment, culture, tech and science, and mentions in the state. Kalshi must have an IP and residency geofence running by August 19, and a multi-source solution by September 2. The order lands two days after the CFTC used emergency powers to order the exchange to keep operating.
A King County Superior Court judge has issued a final order requiring Kalshi to shut down most of its Washington business, after finding the exchange likely broke the state's Gambling Act and Consumer Protection Act by running an illegal gambling operation, the state attorney general's office said on Thursday. The order bars Kalshi from offering, accepting or facilitating wagers on sports, elections, politics, entertainment, culture, tech and science, and on mentions, where users bet on whether a public figure will say particular words. It must have an IP address and residency-based geofence in place by August 19 and a multi-source geofencing system by September 2.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 'Bitcoin Is Burning': Red Team Turns to Chinese AI to Find Flaws.
Source: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The Bitcoin Red Team is using Chinese AI models to search Bitcoin projects for security flaws. Calle said developers have confirmed numerous critical and high-severity vulnerabilities. They warned that unmaintained projects should not be trusted. The Bitcoin Red Team is using Chinese AI models to search nearly the entire Bitcoin open-source ecosystem for security flaws, according to pseudonymous developer and Red Team lead Calle. The volunteer group combines AI tools with human review to examine wallets, Lightning applications, software libraries, and other Bitcoin projects.
Researchers privately report credible findings to developers so the flaws can be fixed before details are released. Were experiencing a massive collision between decades of human open source slop against 2 weeks of Kimi K3, Calle wrote Thursday on X. Everything is broken, Bitcoin is burning. Kimi K3 is an AI model from Chinese startup Moonshot AI that developers can download and run on their own systems. It can analyze large codebases and complete lengthy software tasks with little supervision. The Bitcoin Red Team has also used Chinese developer Z.ais GLM 5.2, as well as models from OpenAI and Anthropic.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Solana Can Be the 'Everything Chain' as Crypto Apps Go Mainstream: 6th Man Ventures Co-Founder.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief 6th Man Ventures Co-Founder Mike Dudas said Solana is positioned to attract mainstream users because it supports trading, payments, and settlement on a single network. He argued that corporate-backed networks such as Coinbases Base and Robinhoods blockchain face pressure to steer users toward fee-generating products. His comments come as Solana validators consider proposals to slow token issuance and burn more SOL.
Solana could bring hundreds of millions of people into crypto without most of them realizing they are using a blockchain, investor Mike Dudas said on a recent episode of Decrypt's Fomo Hour podcast. Dudas, co-founder of crypto venture firm 6th Man Ventures and an early backer of Pump.fun and various other Solana projects, said the network's advantage is the range of activity it supports. The reason I think Solana is in a great position is because it is sort of the everything chain of trading and money movement and settlement, he told Decrypt.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Tether Claims 'Largest Inaugural Financial Audit' as KPMG Signs Off on 2025 Statements.
Image: Tether/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Tether said KPMG issued an unqualified opinion, the best outcome, on Tether Internationals 2025 financial statements. The company called it the largest inaugural financial audit in history. The audit follows years of scrutiny over USDTs backing and Tethers push to expand in the U.S. Tether said Thursday that Big Four accounting firm KPMG issued an unqualified audit opinionindustry jargon for the best possible result-on the 2025 financial statements of Tether International, the company behind the worlds largest stablecoin USDT.
In a post announcing the audit, Tether called the review the largest inaugural financial audit in history, saying KPMG examined Tethers assets, liabilities, income, cash flows, internal systems, records, counterparties, and supporting documentation. Despite our company being subject to several years of detractors false claims, competitors' lies, political attacks and misinformed coverage by several mainstream newspapers trying desperately to discredit us for the benefit of their friends in the tall ivory towers, Tether delivered what it promised, Tether CEO Paolo Ardoino wrote on X. An unqualified opinion means auditors found no major problems with the way the financial statements were presented.
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🔥 Crypto Group Warns Fed Could Use Banking Access to Squeeze Digital Asset Firms.
Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The Blockchain Association filed an amicus brief supporting Custodia Banks petition for Supreme Court review. Custodia is challenging a ruling that upheld the Feds denial of its master account application. The group says the case could shape how much power federal regulators have over state-chartered banks. The Blockchain Association is urging the Supreme Court to take up Custodia Banks fight with the Federal Reserve, arguing the central bank should not have the broad power to deny payment system access to eligible state-chartered banks.
In the amicus brief filed on Wednesday supporting Custodias petition, the crypto trade group said a lower court ruling in favor of the Fed gives federal regulators a quiet way to cut lawful businesses out of the banking system. The decision ratifies the Feds misuse of its payment services to further an impermissible policy goaldebanking the digital-asset industry, the Blockchain Association wrote. An amicus brief is a legal filing from someone who is not a party to a case but wants to give the court additional arguments or context. Here, the Blockchain Association is supporting Custodias request that the Supreme Court review the dispute.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
🔥 Metaplanet Denies Selling $320M in Bitcoin as Firm Launches BitBonds.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Metaplanet CEO Simon Gerovich said the company did not sell Bitcoin. Gerovich said a 5,014 BTC transfer was a routine move between company custody addresses. The denial came as Metaplanet launched BitBonds, a fixed-rate debt program that could help fund future Bitcoin purchases. Metaplanet CEO Simon Gerovich denied claims that the company sold Bitcoin after a 5,014 BTC transfer, valued at roughly $320 million, between company wallets drew attention online.
We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours, Gerovich wrote on X. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC. Gerovich said the transfers were visible because Metaplanet publishes its Bitcoin addresses, allowing the movements to be tracked in real time. Recent Bitcoin sales by Strategy have added fuel to speculation that Metaplanet could be looking to offload some of its holdings, after the U.S.
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🔥 Hawaii To Ban Cash Deposits at Crypto ATMs From October.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief From October 1 it becomes an unlawful practice in Hawaii to operate a kiosk that accepts U.S. currency in exchange for a digital asset. Kiosks may still hand out cash for crypto, or swap one digital asset for another. Investigations by the attorneys general of Washington, DC and Iowa found more than 93% of transactions at the kiosks they examined were scams.
Hawaii will make it unlawful to run a crypto kiosk that takes cash from customers starting October 1, under a measure Governor Josh Green signed on July 9 as Act 224. The law adds a section to the state's consumer protection statute making it an unlawful practice for an operator to own, operate or manage a kiosk in Hawaii that accepts United States currency from a customer in exchange for a digital financial asset. Each prohibited transaction counts as a separate offense. What it does not do is switch the machines off.
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🔥 XRP Holders Can Now Trade Options Using Flares FXRP as Collateral.
Source: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Derive now accepts Flares FXRP as collateral for XRP options and perpetual futures. Users can trade through their own wallets without relying on a centralized exchange. Options settle in USDC, exposing traders to margin and liquidation risks. XRP holders can now use Flares FXRP as collateral to trade options and perpetual futures on decentralized exchange Derive, Flare announced on Thursday. According to Flare, users mint FXRP, a token representing XRP on the Flare blockchain, through its FAssets bridge that converts tokens like Bitcoin, XRP, and Dogecoin into ERC-20 tokens on the Flare network.
They can then deposit the token into a Derive Portfolio Margin V2 account and trade derivatives from their own wallets. Options give traders the right to buy or sell an asset at a set price. Perpetual futures allow them to bet on price movements without an expiration date. XRP holders can use the products to hedge against losses, earn premiums by selling options, or speculate on the tokens price. Options are often the last major market to develop around an asset, and XRP has been waiting for the infrastructure, founder and CEO of Derive, Nick Forster, said in a statement.
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Morning Minute: The SEC Plans Rules for Tokenized Stocks Price data by DecryptNewsOpinionMorning Minute: The SEC Plans Rules for Tokenized StocksThe new framework could be announced as soon as Friday, in what could be the biggest development for crypto this year.By Tyler WarnerEdited by Stephen GravesAug 13, 2026Aug 13, 20264 min readSEC Chair Paul Atkins. Photo: Andr Beganski/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. The SEC Moves to Bless the Onchain Stock Market Without Congress The SEC is preparing to do on its own what Congress couldnt. Per Bloomberg, the SEC will roll out two crypto initiatives in the coming days while the CLARITY Act sits stalled until at least September.
First, a Friday open meeting to propose Regulation Crypto, a framework letting projects raise capital through token sales without full securities registration. Second, and bigger for onchain markets, an innovation exemption for tokenized stocks, with details possibly dropping Friday. The exemption would let tokenized versions of stocks like Apple, Tesla, and Nvidia trade on blockchains around the clock, in fractional sizes, with near-instant settlement. The tokens typically track a stocks economic exposure but carry no voting or dividend rights (though some protocols are working on solving the voting and dividend rights), which is what justifies the lighter regulatory treatment. Its the core of Chair Paul Atkins Project Crypto agenda.
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🔥 CEO of Crypto Lender Delio Gets 15 Years Over $49M Fraud.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief A Seoul court sentenced Delio chief executive Jeong Sang-ho to 15 years for fraud and for registering as a virtual asset provider using false documents, according to local media. The court ruled evidence seized from Delio's server host was unlawfully obtained, voiding the primary charge covering 2,800 victims and 250 billion won. He was convicted instead on fallback charges covering roughly 1,100 victims and 70 billion won, about $49 million. The Seoul Southern District Court has sentenced Delio chief executive Jeong Sang-ho to 15 years in prison over the collapse of the South Korean crypto deposit platform, five years short of the term prosecutors sought.
Criminal Division 11, presided over by Judge Jang Chan, handed down the ruling on Thursday afternoon, according to local outlet Newsis. The court upheld only part of the prosecution's original case and convicted Jeong largely on a set of fallback charges filed later. The reason was procedural, with Jeong's lawyers arguing that a search and seizure carried out at Gabia, the company hosting Delio's servers, had been unlawful, and the court agreeing. Prosecutors had not guaranteed Delio's right to participate in the search and had not handed over a list of what was seized, the court found, ruling that the platform's database and everything derived from it carried no evidentiary value.
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🔥 'Inner Thoughts' of Every Major AI Model Exposed in Massive Exploit.
By decoding 315,320 reasoning blocks scraped from public GitHub and Hugging Face repositories, the researchers recovered 182 credentials, including 62 live API keys, 33 passwords, and 30 personal email addresses. OpenAI, Anthropic, and Google deployed server-side patches after responsible disclosure, but historical session logs already shared publicly remain decodable. Security researchers have found a way to read the encrypted inner thoughts of every major AI reasoning modeland uncovered 62 live API keys and 33 passwords buried in session logs that developers had shared publicly online without knowing what was inside them.
By decoding 315,320 reasoning blocks scraped from public repositories, we recovered 367 Personally Identifiable Information (PII) artifacts and 182 credentials, the researchers wrote. The paper, submitted August 10 by a team from MATS Research, the ELLIS Institute Tbingen, the Max Planck Institute for Intelligent Systems, and security firm Snyk, targets a specific class of AI: reasoning models. These are models that don't just answer immediately and instead start with an internal chain-of-thought (a step-by-step scratchpad where the AI works through a problem before showing you the answer), then deliver a final response.
Anthropic, OpenAI, and Google all encrypt that hidden scratchpad. Encryptionthe process of scrambling data into an unreadable codeis meant to protect the company's intellectual property and keep sensitive intermediate reasoning away from users. The encrypted block gets passed back to the provider's servers with every follow-up message, maintaining the conversation without storing anything on the company's end.
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🔥 Goldman Sachs' $2.25B NEOS Deal Hands It Ready-Made Bitcoin Income ETF Business.
Image: Decrypt/Flickr/Creative CommonsCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Goldman Sachs agreed to acquire NEOS Investments in a deal worth up to $2.25 billion, adding about $30 billion in options-based income ETFsincluding one of the market's largest Bitcoin covered-call funds. The purchase gives Goldman a ready-made crypto income ETF business, a far faster path than its own April filing for a Bitcoin Premium ETF that some analysts saw as an attempt to leapfrog a similar BlackRock product. The move rides a boom in derivative-income ETFsroughly $180 billion in assets and a 70%+ annual growth rate since 2021, per Morningstarwith crypto an increasingly prominent slice.
Goldman Sachs is buying its way into crypto income funds, striking a deal worth up to $2.25 billion to acquire NEOS Investments, the ETF specialist behind one of the market's largest Bitcoin covered-call products. The Wall Street firm said Tuesday the cash-and-equity purchase, contingent on certain performance and service targets, will fold NEOS's roughly $30 billion in options-based income ETFs into Goldman Sachs Asset Management. The deal is expected to close in the first quarter of 2027, pending regulatory approval.
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