Crypto Morning Brief: OpenAI Secures $110 Billion Investment; Morgan Stanley Plans to Offer Bitcoin Custody, Trading, Yield, and Lending Services
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Crypto Morning Brief: OpenAI Secures $110 Billion Investment; Morgan Stanley Plans to Offer Bitcoin Custody, Trading, Yield, and Lending Services
Paradigm expands its investment portfolio to include AI and frontier technologies, aiming to raise up to $1.5 billion.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Highlights
Analyst: Of the Top 10 Most Profitable Addresses on Polymarket Regarding the “ZachXBT Investigation” Event, 8 Are Likely Insider Addresses
According to crypto analyst defioasis.eth (@defioasis), over 3,630 Polymarket addresses placed bets on “Axiom” regarding the “ZachXBT insider investigation” event. Of these, 56.2% generated positive returns.
The analyst notes that eight of the top 10 highest-profit addresses qualify as insider addresses, collectively earning over $1.2 million. These addresses have extremely low trading activity—some have transacted only once.
Specifically, addresses predictorxyz (0x1d9af60c), 0x054ec2f, and 0xe56526b earned $411,600, $354,000, and $144,000 respectively—all exclusively from this single market. Additionally, 47 addresses earned between $10,000 and $100,000 each, totaling $1.34 million in profits. Meanwhile, two addresses lost over $100,000 each, and 50 addresses incurred losses between $10,000 and $100,000.
Trump Media Pledges 2,000 BTC as Collateral, Reducing On-Record Holdings to 9,542 BTC
Arkham analyst Emmett Gallic stated in a post that Trump Media’s latest 10-K filing reveals the company has pledged 2,000 BTC as collateral to a counterparty, reducing its reported BTC holdings from 11,542 to 9,542. As the counterparty retains full discretion to re-pledge these assets, Trump Media has removed them from its balance sheet.
Fabric Opens ROBO Token Claim Portal
According to an official announcement from the Fabric Foundation, the $ROBO token claim portal opened on February 27, 2026, for eligible users who have accepted the terms. Users may claim their $ROBO tokens until 11:00 a.m. on March 13.
Earlier reports indicated that Binance Alpha was the first platform to list the Fabric Protocol ($ROBO). Users holding at least 245 Binance Alpha points are eligible to claim the token airdrop.
$ROBO is also now available on Binance perpetual contracts and the Creator Task Hub, with a total reward pool of 8,600,000 $ROBO.
Block Plans to Cut Over 4,000 Jobs—Nearly Half Its Workforce—Betting on AI-Driven Efficiency
According to Cointelegraph, Block—a financial services and digital payments firm co-founded by Twitter co-founder Jack Dorsey—will cut over 4,000 jobs, representing nearly half its workforce. Dorsey attributed the move to rapid advancements in AI. In an open letter, he explained that AI tools, combined with smaller, flatter team structures, are enabling a new way of working—one that fundamentally reshapes how companies are built and operated—and that this trend is accelerating rapidly. He opted for immediate action rather than phased layoffs, arguing that multiple rounds would erode morale, focus, and trust among customers and shareholders. Affected employees will receive 20 weeks of salary, plus one additional week per year of service, six months of health insurance, company equipment, and a $5,000 transition stipend.
ZKsync to Shut Down ZKsync Lite on May 4, 2026
According to The Block, ZKsync officially announced it will cease block production on ZKsync Lite on May 4, 2026, permanently freezing the network’s final state. As Ethereum’s first zero-knowledge rollup, ZKsync Lite—launched in June 2020—primarily supported token transfers, atomic swaps, and NFT minting but lacked smart contract functionality.
The shutdown will not impact other ZKsync products such as Era or chains built on the ZK Stack framework. Users are advised to withdraw assets before the deadline for optimal experience, though unclaimed funds remain fully recoverable after the cutoff date.
Vitalik Proposes Ethereum’s Quantum-Resistance Roadmap Covering Four Key Areas: Validator Signatures, Ethereum’s Data Availability System, etc.
According to Coindesk, Ethereum co-founder Vitalik Buterin has outlined a roadmap to safeguard the blockchain against long-term quantum computing threats—following the Ethereum Foundation’s formation of a dedicated post-quantum research team.
In a post on X, Buterin identified four critical vulnerability areas: validator signatures, Ethereum’s data availability system, everyday wallet signatures, and zero-knowledge proofs used by applications and Layer 2 networks.
The roadmap includes replacing validators’ current BLS digital signatures with hash-based signatures resistant to quantum attacks; upgrading Ethereum’s KZG commitment mechanism used for verifying and storing transaction data; enhancing wallet flexibility via the upcoming EIP-8141 upgrade to allow accounts to switch to quantum-resistant signature schemes; and leveraging “verification frameworks” to bundle multiple signatures and proofs into a single composite proof—maintaining cost efficiency.
Morgan Stanley Plans to Offer Bitcoin Custody, Trading, Yield, and Lending Services
According to Decrypt, Amy Oldenburg, Head of Digital Asset Strategy at Wall Street giant Morgan Stanley, stated the bank “absolutely” plans to offer Bitcoin custody and trading services to clients and is developing the necessary technology in-house.
Speaking at Strategy’s “Enterprise Bitcoin” conference, Oldenburg confirmed yield and lending services are natural extensions of its crypto roadmap. She emphasized Morgan Stanley must build these capabilities internally—not merely license third-party tech—to ensure reliability for clients.
Managing nearly $9 trillion in assets, Morgan Stanley has already taken several crypto-related steps. Last September, it confirmed Bitcoin, Ethereum, and Solana trading would be offered via the E*Trade app. In January, it filed an S-1 registration statement with the U.S. Securities and Exchange Commission for an Ethereum ETF.
Barclays Exploring Blockchain Platform, Possibly Launching Stablecoins and Tokenized Deposits
According to Bloomberg, citing informed sources, Barclays is consulting technology vendors on building a blockchain platform to streamline payment processing and explore broader applications of digital asset technologies in banking. Barclays has issued requests for information (RFIs) to prospective vendors to assess how to develop new products—including stablecoins and tokenized deposits. The bank aims to select a vendor as early as April this year.
Figure Releases Full-Year 2025 and Q4 Financial Results, Announces $200M Share Buyback Program
Figure Technology Solutions (NASDAQ: FIGR), a blockchain-based asset trading platform, today released its full-year 2025 and fourth-quarter financial results. For the full year 2025, consumer loan marketplace volume reached $8.4 billion, up 63% year-on-year; net revenue rose 49% to $507 million; net income surged 574% to $134 million; net profit margin improved to 26.5%, up 21 percentage points year-on-year; and adjusted EBITDA climbed 148% to $251 million.
Q4 performance was equally robust: consumer loan marketplace volume hit $2.7 billion, up 131% year-on-year; net revenue increased 91%; and net income rose 156% to $15 million.
The Board of Directors also approved a $200 million share repurchase program, effective through February 27, 2027. The Figure Connect platform delivered standout results, generating $1.5 billion in Q4 volume—54% of total consumer loan marketplace volume.
MARA Posts $1.7B Loss in Q4 2025, Announces Strategic Partnership with Starwood to Develop AI Business
MARA released its Q4 2025 financial results, reporting revenue down 6% year-on-year to $202.3 million and a net loss of $1.7 billion—primarily driven by falling Bitcoin prices. The company simultaneously announced a strategic partnership with Starwood Digital Ventures to develop AI and high-performance computing infrastructure. As of year-end 2025, MARA held 53,822 BTC (valued at ~$4.7 billion), and its energy hash rate grew 25% year-on-year to 66.4 EH/s. The company reiterated its ongoing transition from pure Bitcoin mining to an energy and digital infrastructure provider, with plans for global expansion.
Paradigm Expands Investment Scope to AI and Frontier Technologies, Targeting Up to $1.5B Fundraise
According to the Wall Street Journal, crypto venture capital firm Paradigm is broadening its investment mandate to include artificial intelligence, robotics, and other frontier technologies. Under this expanded strategy, the firm plans to raise a new fund targeting up to $1.5 billion.
OpenAI Secures $110B New Investment at $730B Valuation
OpenAI announced a $110 billion investment round at a $730 billion valuation. Amazon stated it will invest $50 billion in OpenAI. The funding also includes $30 billion from NVIDIA (NVDA.O) and $30 billion from SoftBank.
Market Data
Recommended Reading
The Seventy-Two Hours of Anthropic’s Identity Crisis
This article explores the multifaceted contradictions facing AI company Anthropic amid its identity crisis, as well as its complex relationships with the Pentagon, competitors, and investors. It details Anthropic’s struggles balancing AI safety commitments, allegations of data theft, and collaboration with the military, while analyzing shifts in its business model and industry positioning.
When Block Cuts Half Its Workforce, There Are No Villains in the AI Unemployment Wave
This article examines the impact of artificial intelligence (AI) on employment markets and the resulting economic and social challenges. Through analysis of multiple corporate layoff cases, it reveals how widespread AI adoption may trigger a “human intelligence replacement spiral,” highlighting the profound implications for society’s future.
A Candid Layoff Letter from a Former Twitter Co-Founder: “AI Can Do Your Job—You’re Let Go”
This article discusses Block’s large-scale layoffs driven by AI adoption. CEO Jack Dorsey candidly stated AI tools have already replaced many employee roles and emphasized that a single, decisive layoff is more efficient than gradual cuts. It also analyzes market reactions, impacts on corporate culture and employee sentiment, and draws comparisons with similar cases across the tech industry.
February 27 Market Recap: Nvidia’s “Perfect” Earnings Ignored, Tech Sell-Off Drags Broader Markets
This article recounts how Nvidia’s stellar earnings report failed to impress markets, triggering a tech stock selloff that weighed on broader indices; heightened volatility in crypto markets amid looming Bitcoin and Ethereum options expirations and cautious investor sentiment; technical pullbacks in gold and larger declines in silver tied to economic cycles; the upcoming U.S. PPI release potentially influencing Fed rate-cut expectations; and persistent geopolitical tensions causing a seesaw effect between crypto and U.S. equities.
Was Bitcoin’s 10% Plunge Caused by Jane Street Pressuring the Market? Data Points Elsewhere
This article investigates controversies surrounding Jane Street in the Bitcoin market and price discovery issues in the spot Bitcoin ETF era. It analyzes on-chain data, ETF structure, and options positioning, arguing that the core issue lies in ETF market opacity—making it difficult for retail investors to understand market mechanics. It refutes claims that Jane Street suppressed Bitcoin, asserting instead that volatility stems primarily from macro risk-asset repricing and thin liquidity.
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