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Ripple has secured a $200 million debt facility to expand its prime brokerage unit, Ripple Prime, as demand for institutional financing continues to grow across digital and traditional markets.

Crypto exchange giant Kraken has onboarded Andreas Roussos as Executive Director of its Cyprus office. . Roussos is not a trader, marketer, or crypto evangelist.

Morgan Stanley's E*Trade crypto pilot offers retail access at 50 bps, with broader rollout planned as brokers expand digital asset trading.

Coinbase cuts 14% of staff, citing AI-driven restructuring, weaker crypto markets, and plans to flatten management structure.

Kraken's parent company, Payward, has filed a lawsuit accusing crypto custodian Etana and its CEO, Dion Brandon Russell, of misappropriating more than $25 million in client funds.