This week in crypto, we're witnessing a massive structural shift as traditional finance and major industry players aggressively build out the infrastructure for the next market cycle.

From high-stakes acquisitions in the stablecoin space to Wall Street giants undercutting crypto-native exchanges, the race to own the foundational rails of digital assets is heating up.

We also dive into the latest venture capital moves and regulatory breakthroughs that are setting the stage for mainstream adoption.

In this episode:

• Kraken's $600M Stablecoin Play: Kraken acquires Reap Technologies to build out Payward stablecoin-powered payment rails in Asia.

• Morgan Stanley Enters the Arena: The Wall Street giant launches crypto trading on ETrade with highly competitive 50bps fees.

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