Blockchain DXB: Crypto & Coffee at 8 ☕ 05th Aug 🔴Crypto market 🔻 Morgan Stanley to offer Bitcoin ETFs.❗ France Opens for MiCA Applications 👀XRP Ledger transaction -65% decline 🟣Lido Institutional

05th Aug: Crypto & Coffee at 8

🔴Crypto market 🔻 Morgan Stanley to offer Bitcoin ETFs.❗ France Opens for MiCA Applications 👀XRP Ledger -65% decline On-Chain Transactions 🟣Lido institutional-grade liquidity Staking solution 

🟣 Morgan Stanley is set to become the first major Wall Street bank to offer Bitcoin ETFs. Starting August 7, its 15,000 financial advisors can offer eligible clients shares in BlackRock’s iShares Bitcoin Trust and Fidelity Investments’s Wise Origin Bitcoin Fund. This move, driven by client demand and market trends, targets clients with a net worth of at least $1.5 million and a high-risk tolerance. The bank will monitor clients’ crypto holdings to prevent excessive exposure and has yet to decide on offering ether ETFs. Info via CNBC here https://shorturl.at/wB2nE

❗ France has become the first major European Union economy to accept applications for crypto asset services provider (CASP) licenses under the Markets in Crypto Assets (MiCA) regulations. Starting July 1, the French markets regulator, Autorité des Marchés Financiers (AMF), is open to these applications, with MiCA set to take effect in December. By July 2026, companies must be licensed under this regime to offer services in the EU. The AMF highlighted key aspects of the legislation, such as custody and administration of crypto assets and operating trading platforms, which will be implemented on December 30. Previously, the AMF had already registered 74 companies under its own regime. Other major EU economies like Germany, Italy, and Spain have not yet announced their processes for CASP licensing.

🔻 XRP Ledger Ripple

The XRP Ledger has faced a major decline, with transaction volume down over 65% and costs up nearly 170% in Q2 2024 due to network congestion. To address this, Ripple plans to introduce tokenized assets and launch a stablecoin, Ripple USD, aiming to boost activity and attract institutional investors. While these initiatives offer potential growth, their success and immediate impact remain uncertain. More info via DailyCoin here https://rb.gy/rfhlo3

🌟 Lido Institutional

❗ Lido Finance has introduced Lido Institutional, a liquidity staking solution for large investors like custodians and asset managers. This service offers enterprise-grade security and liquidity for institutional strategies. Lido, which holds over 28.5% of all staked Ether, partners with Taurus and Fireblocks for infrastructure. Founded in 2020, Lido lets users stake any amount of ETH and earn rewards without needing the 32 ETH minimum. The U.S. SEC claims that Lido and Rocket Pool sell unregistered securities, although no direct action has been taken against them.

🟠 Two UAE news (See slides)

⚡ UBXS Token Launches Home Tokenization in Dubai

⚡ The Blockchain Center in Abu Dhabi officially launched, and aims to drive innovation and growth in Web3

For slides click here: https://shorturl.at/cjOP5

LinkedIn Profile: https://tinyurl.com/bdeevbru

Podcast Host: @black_incarnation

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