Morgan Stanley launches stablecoin reserves fund aligned with GENIUS Act requirements
Morgan Stanley launched a government money market fund for stablecoin issuers to hold reserves in line with GENIUS Act requirements....
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Meta Agrees to Deploy Millions of Amazon AI Chips in Deal Worth Billions
Meta will deploy millions of Amazon AI chips in a multibillion-dollar deal, signaling major tech infrastructure shifts. The partnership addresses Meta's growing computational needs for AI development and training. Bitcoin trades near $78,000 while altcoins show mixed performance. No direct India crypto angle, but institutional AI chip demand could influence broader tech sector valuations affecting Indian crypto investors' portfolio positioning.
Fluent launches Ethereum Layer 2 mainnet and BLEND token with $50 million day-one liquidity
Fluent launches Ethereum Layer 2 mainnet with BLEND token and native stablecoin, securing $50 million in initial liquidity. The move expands Ethereum's scaling ecosystem, offering developers lower transaction costs and faster settlements. BLEND token incentivizes network participation. The development strengthens Layer 2 competition, potentially benefiting Indian crypto traders through cheaper on-chain transactions and improved DeFi accessibility on Ethereum.