Sources: Nasdaq is exploring an institutional crypto custody service, pending regulatory approval, and a crypto-focused division called Nasdaq Digital Assets (Frank Chaparro/The Block)

Andrew Throuvalas / Decrypt:
Anchorage Digital plans to custody a “significant portion” of Apollo Global’s crypto portfolio and offer crypto custody services to Apollo’s clients  —  The private equity giant that manages half a trillion dollars will use Anchorage for institutional crypto custody.

Ashlee Vance / Bloomberg:
Musk says Neuralink expects human trials to begin in about six months pending FDA approval, and unveils work on implants to treat paralysis and improve vision  —  Elon Musk’s Neuralink Corp. aims to start putting its coin-sized computing brain implant into human patients within six months …

Frank Chaparro / The Block:
FTX US President Brett Harrison says he plans to step down in the coming months after joining in May 2021 and overseeing huge growth  —  – Brett Harrison — who joined FTX.US as president soon after its launch — is exiting the role.  — “Over the next few months I’ll be transferring …

Nelson Wang / CoinDesk:
Genesis’ crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected  —  The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

Kristin Majcher / The Block:
Brazil’s Chamber of Deputies has approved a longstanding crypto bill defining digital assets and their service providers; bill now requires president’s approval  —  – Brazil’s chamber of deputies finally approved a long-awaited crypto regulation bill.  — The bill could now go to Brazilian President Jair Bolsonaro for approval.

Stacy Elliott / Decrypt:
Coinbase to custody $1.6B worth of MakerDAO’s USDC treasury after MakerDAO community voted 75% in favor; a pilot will run through 2022, with new voting in 2023  —  The MakerDAO pilot will run through the end of 2022 before the community needs to vote on whether to keep its USDC with Coinbase next year.