- 🪙 Coins… BNY Mellon is getting into the crypto-custody biz. The US's oldest bank said it would hold customers' bitcoin and ether. It's not alone: Nasdaq will also offer institutional investors a custody service.
- 🤔 Sus… Crypto thieves have looted $718M this month alone, stealing $3B+ this year (approaching a record). The weak link: decentralized finance. DeFi is permissionless and ruled by smart contracts (aka: code), making it a ripe target for hackers.
- 🤖 Techy… Google signed a deal with Coinbase to facilitate cloud payments in crypto (think: cloud-storage bills paid in dogecoin). The crypto exchange will earn a % of transactions and move its own cloud biz to Google (bye, AWS).
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