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Anchorage Digital Rolls Out Atlas-Powered CMS for Non-Custodial Institutional Trading
Anchorage Digital said it has launched Coordinated Multiparty Settlement (CMS) powered by Atlas, positioning it as a non-custodial trading and settlement layer aimed at banks, hedge funds, and other institutional desks. The firm says the setup separates execution, custody, and credit—keeping assets in Anchorage Digital custody through a trade’s lifecycle and enabling netted settlement without pre-funding multiple venues. Spotex is listed as an early integration partner, while Anchorage Digital also highlighted its $4.2B valuation and plans to extend the network beyond spot crypto toward tokenized asset classes.
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BTC-4.25%
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Kalshi traders price May payrolls above the 90,000 Dow Jones consensus ahead of Friday report
Kalshi traders are positioning for slower job growth in May than April, but they still lean toward a result above the 90,000-job Dow Jones consensus. On Monday, the market implied a 56% chance the nonfarm payrolls figure beats Wall Street expectations, with 49% odds for more than 100,000 jobs and 40% for more than 110,000. The Bureau of Labor Statistics report is due Friday ahead of the Fed's June 16-17 meeting under Chair Kevin Warsh.
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CoinShares: Crypto funds see $1.67B outflows, third straight weekly withdrawal
CoinShares reported that institutional crypto products recorded $1.67 billion in net outflows over the past week, extending the streak to three consecutive weeks of withdrawals. Bitcoin accounted for $1.438 billion of the redemptions and Ethereum saw $257 million, while total assets under management slipped to $141 billion. Three-week cumulative outflows were listed at $4.21 billion, with US products contributing $1.63 billion of the latest week's exits.
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BTC-4.25%
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