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Four team members listed in World Liberty Financial's white paper previously worked on Dough Finance, which was drained of $2 million in July. One also founded Date Hotter Girls LLC.

Core contributor Hoak blamed his actions on a "crippling gambling addiction."

Florida's chief financial officer proposed that the funds that support retired state workers should dabble in crypto, inspired by Republican presidential candidate Donald Trump's support for the U.S. government stockpiling bitcoin {{BTC}}.

The institution set up a multi-legged strategy in Derive's onchain options market, generating $25 million in volume.

The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.

Tokenization initiatives from BlackRock, JP Morgan and others presage a revolution in payments, wealth management and other key activities of Wall Street, says author Annelise Osborne.

The report, commissioned by OKX, shows that a growing number of institutional investors are examining new digital asset products for their portfolio

Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.

The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.

A notable 65% of the survey respondents are bullish long-term, with 63% mulling more allocation to digital assets in the next three to six months.