Hi! In today’s edition:

  • πŸ’Έ Morgan Stanley's advisor network has ether and solana products to sell

  • A quiet Binance policy change is reportedly frustrating investigators on two continents

  • ✈️ Emirates added a checkout option that would have been unthinkable a few years ago

  • 🧨 Crypto recorded its most-hacked half-year

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Morgan Stanley Undercuts Everyone on ETH and SOL

Morgan Stanley listed spot ether and solana products on NYSE Arca on Tuesday, both at 0.14%, the cheapest fee in either category. That undercuts Grayscale's Mini Ethereum Trust at 0.15% and Franklin Templeton's solana fund at 0.19%, according to SoSoValue.

The tickers are MSSE and MSOL. Both stake part of their holdings, and Morgan Stanley says it will keep none of the rewards for itself.

Morgan Stanley's bitcoin fund, MSBT, gathered nearly $390 million after an April debut in a brutal market. Bloomberg's Eric Balchunas called this the biggest ether and solana launch since the original ETFs, citing the bank's 16,000 advisors.

Binance Now Routes Police Through Abu Dhabi

Binance has been sending foreign law enforcement requests through the United Arab Emirates and formal treaty channels since April 2025, a change police say is slowing their cases, The New York Times reported Tuesday.

At a law enforcement conference in the Netherlands in June, officers from five European countries reportedly described trouble getting information out of the exchange except in cases tied to child sexual abuse material, terrorism, and imminent threats to life. Everything else largely goes through Abu Dhabi, where its regulated entities sit, or through Mutual Legal Assistance Treaties, a diplomatic channel that runs far slower than a direct request to a compliance desk.

Emirates Puts a Crypto Wallet at Checkout

Emirates switched on Crypto.com Pay on Tuesday, letting customers settle flight bookings on emirates.com and the Emirates App from a Crypto.com wallet. The option is limited to eligible UAE residents, and fares are priced and settled in dirhams.

On mobile, the app hands the booking off to Crypto.com for approval and sends the traveler back with an e-ticket. On desktop, a QR code at the payment step routes approval to the phone.

The rollout closes a loop that opened in July 2025, when the two companies signed a memorandum of understanding to explore the integration. Crypto.com's Dubai entity powers the payments. Dubai wants 90% of transactions digital by the end of 2026.

Attackers Stopped Breaking Code and Started Stealing Keys

Crypto lost about $1.1 billion across 212 verified exploits in the first half of 2026, the highest incident count on record, security firm Blockaid said Tuesday. Dollar losses came in below last year, when Bybit's $1.5 billion hack skewed the total, but the number of attacks ran roughly 3.4 times all of 2025.

Operational attacks on credentials, private keys, signer setups, and bridge infrastructure accounted for about $789 million, or 74% of stolen funds, even though smart contract bugs were more common by count.

Suspected North Korea-linked actors drove roughly 55% of losses. The KelpDAO and Drift compromises alone, both in April, came to about $577 million. Blockaid also logged the first exploit of an AI agent tricked into approving a transaction.

🚨 TODAY ON UNEASY MONEY LIVE  ⏰

BitMEX invented the 100x perpetual swap, ran 11 years without losing user funds to a hack, and is closing in September after a sale process reportedly found no buyer.

Kain Warwick and Taylor Monahan are joined by Steven Goldfeder to dig into a week where four crypto companies failed and $35 million walked out of two bridges without a single smart contract bug.Β 

Today, Wednesday at 4pm ET.

Join us on X, YouTube or PumpFun.

  • πŸ“‰ Trade[XYZ] will reimburse traders liquidated when its SK Hynix perpetual crashed 19% late Monday, blaming a single executed trade on a thin Korean pre-market venue rather than any system failure. The mark price fell from $1,127.90 to $917.25 at 23:01 UTC on July 27, and the firm called the payout a one-time discretionary decision.Β 

  • πŸ”’ Zcash activated its Ironwood upgrade at block 3,428,143 on Tuesday, sealing the Orchard shielded pool that holds about 3.66 million ZEC, roughly $1.7 billion. Coins can only exit through a turnstile that caps withdrawals at verifiably deposited amounts, a response to a proof-circuit bug that sat undetected in Orchard for four years.Β 

  • πŸ‡·πŸ‡Ί The Bank of Russia published draft rules on Monday for β€œorganized trading” in digital currencies and digital rights, its first framework for a regulated domestic crypto market. Exchanges would set their own trading modes and calculate market prices, while new digital depositories would need minimum equity of $629,000 to $3 million.Β 

  • βš–οΈ Myanmar reportedly approved a law on Tuesday authorising capital punishment for those who detain or violently coerce victims into working in scam centres, with life imprisonment for running online scam centers. The UN Office on Drugs and Crime said this month that enforcement across the region has displaced scam networks rather than dismantled them.Β 

  • πŸ€– Galaxy Digital acquired 500 acres in McGregor, Texas, for an AI and high-performance computing campus, its second data center investment in the state after the 1.6-gigawatt Helios site. An initial phase is expected to reach 74 MW and start receiving power in 2028, with Galaxy funding its own substation and adding an estimated minimum $130 million to the local property tax base.Β 

  • 🍎 Apple faces a federal lawsuit from three plaintiffs who say they lost about $1.84 million after entering seed phrases into an App Store app impersonating Sparrow Wallet. The suit, filed July 24 in California, alleges Apple left the app up for more than a week after one user reported an $875,000 theft, after which a second user lost roughly $840,000.Β 

  • πŸ“‰ Luno is cutting 20% of its global staff as it restructures toward business-to-business services, chief executive James Lanigan said, according to Bloomberg. The Digital Currency Group-owned exchange has 16 million users across Africa and Asia-Pacific and is opening its wallet and compliance infrastructure to partners including Discovery Bank.Β 

  • ⚑ Fortitude energized a Nebraska facility with 12 MW of capacity, its first greenfield build, lifting the Zcash-focused miner's owned power portfolio past 60 MW across seven sites. The DCG-owned company expects power costs near $0.045/kWh to help cut its Zcash mining cost from about $70 per coin toward $40, and is going public through a merger with Nasdaq-listed HeartSciences.

  • 🌐 Tether signed a memorandum with the Nairobi Securities Exchange to explore tokenizing and instantly settling securities on the $26.4 billion exchange, using its Hadron platform to enable fractional access for local and diaspora investors. The agreement also covers investor education, AML and KYC onboarding flows, and assessing USDT as a settlement layer.

  • πŸ’° Core Scientific signed an infrastructure partnership with AMD, which will secure more than 500 megawatts of U.S. data center capacity starting in 2027 with the option to scale to 2.5 gigawatts. AMD also receives market-priced warrants to buy Core Scientific stock, subject to commercial conditions, as the company repurposes its remaining bitcoin mining facilities for high-density colocation.

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