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Fireblocks acquires TRES Finance, Babylon raises funds, Morgan Stanley plans crypto wallet, and other Web3 news

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  • Fireblocks has acquired crypto accounting platform TRES Finance for $130 million to enhance its crypto infrastructure by enabling better tracking of digital asset holdings for crypto companies. This acquisition follows Fireblocks’ previous purchase of crypto wallet startup Dynamic. (📰NFTgators)
  • Babylon, co-founded by Stanford professor David Tse and Fisher Yu, has raised $15 million from A16z Crypto to introduce a BTC yield-generation protocol that allows users to collateralize their Bitcoin without losing control, aiming to disrupt the current collateralization systems dominated by platforms like Coinbase and Tether. (📰NFTgators)
  • Morgan Stanley plans to launch a crypto wallet and trading platform on ETrade by the end of 2026, following a shift towards crypto adoption spurred by regulatory clarity in the U.S. (📰Coinpedia Fintech News)
  • The article provides an overview for beginners on navigating the crypto market, emphasizing the importance of understanding basic concepts, tools like wallets and exchanges, and the volatility of crypto prices. (📰Blockmanity)
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