The post BNY Brings Crypto Custody Services to Abu Dhabi appeared first on Coinpedia Fintech News

BNY Mellon is expanding its digital asset business into Abu Dhabi by launching crypto custody services through local partners Finstreet and ADI Foundation. The initiative will operate within the Abu Dhabi Global Market (ADGM) regulatory framework and initially support Bitcoin and Ethereum custody for institutional clients. The bank also plans to expand into stablecoins and tokenized assets in the future. With nearly $59 trillion in assets under custody and administration, BNY’s move highlights growing institutional interest in regulated crypto infrastructure across the Middle East.

The post Morgan Stanley Launches Crypto Trading on E*TRADE Platform appeared first on Coinpedia Fintech News

Morgan Stanley, one of the world’s largest wealth management firms, is set to introduce cryptocurrency trading on its E*TRADE platform, expanding access to digital assets for its 8.6 million retail clients. The rollout positions the firm to compete more directly with established crypto and brokerage platforms such as Coinbase, Robinhood, and Charles Schwab, while aiming to differentiate through lower trading costs and competitive fee structures. The move reflects a broader Wall Street trend of integrating crypto services into traditional brokerage offerings as institutional adoption accelerates and client demand for digital asset exposure continues to grow.

The post Bitcoin Long Term Holders Reach Record Near $81K appeared first on Coinpedia Fintech News

Long-term Bitcoin holders have sharply increased their supply to about 16 million BTC, rising from 14.3 million late last year. The accumulation accelerated as investors bought aggressively during price dips near $60,000 earlier this year and again around $80,000 in November 2025. Reports show around 870,000 BTC moved from short-term to long-term holders since late April, signaling strong conviction while Bitcoin trades in a narrow range between $78,000 and $81,000. Analysts say this level of accumulation is among the largest ever and typically reflects reaccumulation phases that tighten supply, though some of the movement may also include older holders repositioning rather than entirely new demand.

The post Coinbase Faces Lawsuit Over Frozen $55M DAI appeared first on Coinpedia Fintech News

A crypto whale called D.B. has taken Coinbase to court after the exchange froze around 55 million dollars in DAI linked to a 2024 phishing attack that emptied the victim’s wallet. The plaintiff says they have proven ownership, but Coinbase has not released the funds, insisting on a court order before doing so. Coinbase states the freeze follows its standard security and compliance process while the dispute is resolved. The case raises key questions about control of disputed crypto assets.

The post Pi Network Pushes AI and Identity Vision at Consensus 2026 appeared first on Coinpedia Fintech News

Pi Network founders Chengdiao Fan and Nicolas Kokkalis took the stage at Consensus 2026, highlighting the convergence of AI, Web3, and blockchain to an audience of over 20000 attendees. Fan emphasized leveraging Pi’s KYC-verified base of over 50 million users to build practical AI-driven applications, while Kokkalis focused on secure digital identity without compromising privacy. With its open mainnet launched in February 2025 and more than 10 billion PI tokens now active on chain, Pi Network is preparing to introduce smart contracts through Protocol 23. The project aims to expand real-world utility and strengthen its ecosystem after facing earlier concerns over delays.

The post Upbit Lists Dogwifhat WIF Across KRW, BTC, and USDT Markets appeared first on Coinpedia Fintech News

Upbit has confirmed the listing of Dogwifhat, a fast-growing meme token on the Solana network known for its strong community-driven momentum. The token, inspired by a viral Shiba Inu image, has seen rising trading activity across global markets. Trading for WIF will begin at 16:00 KST on May 6, 2026, across KRW BTC and USDT pairs. The listing is expected to boost liquidity, expand market access, and increase exposure among South Korean investors.

The post Iggy Azalea Faces Lawsuit Over MOTHER Memecoin Claims appeared first on Coinpedia Fintech News

Iggy Azalea is facing a class action lawsuit in the United States over claims she misled investors about her MOTHER token built on Solana by promoting unrealized utility, integrations, and ongoing development. Plaintiffs say these claims influenced buying decisions and led to heavy losses after the token fell over 99% from its peak. The case also raises concerns about undisclosed market-maker arrangements and highlights increasing regulatory scrutiny of celebrity-backed crypto projects and investor protection.

The post KelpDAO Shifts to Chainlink CCIP Following $292M Exploit Dispute appeared first on Coinpedia Fintech News

KelpDAO announced it will migrate its rsETH token from LayerZero to Chainlink CCIP after an April 18 exploit that drained 116,500 rsETH, worth about $292 million. The protocol blamed LayerZero’s single verifier setup and lack of warnings during integration. LayerZero CEO Bryan Pellegrino responded that Kelp chose the risky configuration despite guidance to use multiple verifiers. The disagreement has divided the community, with some backing Chainlink’s stronger security model and others raising concerns over both sides.

The post a16z Crypto Raises $2.2B appeared first on Coinpedia Fintech News

Andreessen Horowitz’s crypto arm has raised $2.2 billion for its fifth fund, bringing total commitments across all funds to $9.8 billion. The firm said crypto is moving into a more mature phase driven by real-world use cases like stablecoins, on-chain lending, and blockchain-based capital markets. Partners highlighted long-term infrastructure growth supported by evolving regulation, including the 2025 GENIUS Act. The fund signals continued strong venture confidence in practical crypto applications despite weak market prices.

The post Kraken Partners With MoneyGram for Global Crypto Cashouts appeared first on Coinpedia Fintech News

Kraken has teamed up with MoneyGram to let users cash out crypto at nearly 500,000 locations in over 100 countries. Co CEO Arjun Sethi said it targets users in volatile markets who use crypto for savings and payments. The partnership strengthens Kraken’s global off-ramp system and improves access to local fiat. It also supports the company’s wider expansion strategy, following recent acquisitions and its ongoing preparations for a possible public listing.