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Franklin Templeton Launches Dedicated ‘Franklin Crypto’ Division

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The $1.7 trillion asset manager will absorb the 250 Digital team and all liquid crypto strategies previously managed by CoinFund, targeting pensions and sovereign wealth funds.

Franklin Templeton has agreed to acquire 250 Digital, an active crypto investment management firm spun out of venture firm CoinFund in January, establishing a dedicated division called Franklin Crypto aimed at institutional investors.

The deal, announced Wednesday, includes the full 250 Digital investment team and all liquid cryptocurrency strategies previously run by CoinFund. Franklin Templeton will also invest in those strategies as part of the agreement. The deal terms were not disclosed.

Notably, the transaction will include BENJI tokens — which represent shares in the Franklin OnChain U.S. Government Money Fund (FOBXX) — as payment consideration. The company described the move as “an important and innovative step toward conducting M&A transactions using tokenized assets.”

FOBXX, launched on Stellar in 2021, was the first U.S.-registered mutual fund to use a public blockchain as its system of record. Franklin Templeton has since expanded the Benji platform across multiple chains, including Ethereum, Arbitrum, Solana, Avalanche, andBNB Chain.

Christopher Perkins, a financial industry veteran who previously served as CoinFund’s managing partner and president, will head Franklin Crypto. Seth Ginns, who led liquid investments at CoinFund, will serve as chief investment officer alongside Tony Pecore, a Franklin Templeton digital assets veteran. The trio will report to Sandy Kaul, the firm’s head of innovation.

Franklin Templeton CEO Jenny Johnson called the acquisition “an exciting addition,” according to a press release.

Institutional Crypto Push

The acquisition is the latest move in Franklin Templeton’s deepening commitment to digital assets, which dates back to the formation of its digital assets team in 2018. The division now numbers roughly 50 people and manages approximately $1.8 billion in global assets, according to the press release.

Franklin Crypto will target pensions, sovereign wealth funds, and other institutional investors with active crypto strategies, complementing the firm’s existing product suite. Franklin Templeton was among the first wave of issuers to launch spot Bitcoin and spot Ethereum ETFs in the U.S., later securing approval for the Franklin Crypto Index ETF alongside Hashdex, and filing for Solana and XRP ETFs.

On the tokenization front, the firm recently partnered with Binance to offer tokenized fund shares as off-exchange trading collateral, updated institutional money market funds to support stablecoin reserves and blockchain-based distribution, and partnered with Ondo Finance to tokenize five Franklin Templeton ETFs through Ondo Global Markets.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Why Market Skills Are Becoming Essential

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There was a time when you could ignore how money actually worked.

You earned. You saved. Maybe you invested through a bank. And that was enough.

You didn’t need to understand markets — because the system was relatively stable, predictable, and slow. Money behaved in a way that didn’t force you to question it.

That time is over.

Today, money moves differently. Faster. Less predictably. And most importantly, it demands your attention.

Money Used to Be Passive. Now It’s Not.

In the past, financial literacy was about control:

  • Don’t overspend
  • Save consistently
  • Avoid bad debt

It was defensive.

Now it’s not enough to just “not lose.” Because even doing nothing has a cost.

Inflation quietly erodes value. Not dramatically overnight, but steadily — month after month, year after year. You don’t notice it in a single purchase. You notice it over time, when your money simply doesn’t stretch as far as it used to.

This creates a strange situation: you can do everything “right” and still fall behind.

The Illusion of Easy Access

At the same time, something else changed. Markets became accessible. Not just available — frictionless.

You can open an account in minutes. Trade instantly. React to global events in real time. What used to require capital, connections, and experience is now just an app on your phone.

This created a new reality: millions of people entered the markets at once.

But here’s the problem — access scales faster than understanding.

Everyone Is In the Market. Few Understand It.

Retail participation exploded.

People are trading, investing, speculating — often without a clear framework.

And the behavior looks similar everywhere:

  • Jumping between strategies
  • Reacting to price instead of planning
  • Confusing luck with skill
  • Chasing momentum without understanding risk

It feels active. It feels productive. But in reality, it’s often just noise.

The modern financial environment doesn’t punish ignorance immediately. It lets you feel confident first — and then slowly exposes the gaps.

Information Is Everywhere. Clarity Is Rare.

We live in the most information-rich financial era in history.

You can find:

  • Trading strategies
  • Market analysis
  • “Proven systems”
  • Endless opinions

But something interesting happens when information becomes unlimited: it loses structure.

Most beginners don’t lack knowledge — they lack the connection between ideas.

They know what a trend is. They’ve heard of risk management. They’ve seen indicators.

But they don’t know how it all fits together.

This is why random learning rarely works. It creates fragments, not systems.

And without a system, every decision becomes situational — and usually emotional.

This is exactly where more structured approaches began to gain traction. For example, platforms like Learny Corner focus less on isolated tactics and more on helping people connect the dots — turning scattered knowledge into something usable.

The Shift: From Participation to Navigation

The biggest change isn’t that people joined the markets.

It’s that now they have to navigate them. Before, you could rely on institutions:

  • Banks managed risk
  • Funds handled investments
  • Long-term growth was assumed

Now, responsibility is shifting toward the individual.

You don’t just participate anymore — you decide:

  • When to enter
  • When to exit
  • How much to risk
  • What to ignore

And without a framework, those decisions become chaotic.

Market Skills Are Not “Extra” Anymore

There’s a misconception that market skills are only for traders. They’re not.

At their core, they are decision-making tools:

  • Understanding probability instead of certainty
  • Managing downside before chasing upside
  • Staying consistent instead of reactive
  • Filtering noise instead of following it

These are no longer niche abilities. They are becoming part of modern financial survival.

Because today, mistakes are easier to make — and faster to compound.

Why Most People Stay Stuck

The interesting part is that most people feel something is wrong.

They notice:

  • Inconsistency
  • Lack of progress
  • Emotional decisions

But instead of fixing the structure, they look for better strategies.

A new indicator. A new setup. A new idea. But the issue isn’t the tool. It’s the absence of a system.

This is why jumping between random sources rarely leads to improvement. The knowledge doesn’t stack — it resets.

More structured learning environments, like at Learnycorner.com, try to solve this by building continuity — where each concept builds on the previous one rather than existing in isolation.

Because in markets, consistency doesn’t come from variety.
It comes from alignment.

The Psychological Pressure Nobody Talks About

Another shift is less obvious, but just as important. Markets are now always on.

You see:

  • Constant price movement
  • Instant feedback (profit/loss)
  • Endless comparisons with others

This creates pressure. And pressure changes behavior:

  • You act faster than you think
  • You chase instead of wait
  • You react instead of plan

Without structure, psychology takes over.

And psychology, without control, leads to the same cycle: action → emotion → mistake → repeat

That’s why modern financial education is no longer just technical. It increasingly includes behavioral aspects — because understanding the market is only half of the equation. The other half is understanding yourself. This balance is something platforms like Learny Corner are increasingly emphasizing.

Where This Is Going

We’re at a transition point. Financial literacy is no longer about:

  • Saving money
  • Avoiding mistakes

It’s about:

  • Understanding systems
  • Navigating uncertainty
  • Making decisions under pressure

Markets are becoming part of everyday life — whether people actively trade or not.

And because of that, the gap between those who understand and those who don’t is growing.

Not dramatically overnight. But steadily. Just like inflation.

The New Reality of Money

Financial Literacy 2.0 isn’t about becoming an expert.

It’s about no longer being passive in a system that stopped being passive a long time ago.

Because today, the real difference is simple:

Some people interact with money blindly. Others understand how it behaves.

And in a world where money is constantly moving. That difference compounds faster than anything else.

Cango (CANG) faces NYSE delisting risk, raises fresh capital

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Cango (CANG) is at risk of losing its NYSE listing after its shares traded below $1 on average for 30 consecutive days, triggering a compliance notice from the exchange and giving the bitcoin miner a six-month window to recover, the company said in a press release Wednesday.

The New York Stock Exchange flagged the company on March 10, warning that failure to lift its share price back above the $1 threshold by the end of the cure period could lead to suspension and delisting proceedings. Cango said it plans to monitor market conditions and explore options to regain compliance, while its shares continue trading in the interim.

Against that backdrop, the company is shoring up its balance sheet with fresh capital.

In a separate announcement, Cango said it has entered into a $10 million convertible note agreement with Hong Kong-listed DL Holdings, alongside issuing warrants to purchase shares at $2.70 apiece. The financing is paired with a non-binding cooperation framework that could see the two firms pursue additional joint investments tied to crypto mining and AI infrastructure.

Proceeds from the note are earmarked for upstream acquisitions and expanding Cango’s push into computing infrastructure, part of a broader pivot beyond bitcoin mining.

Cango’s recent fundraising comes as the company pivots beyond its roots in bitcoin mining toward a broader strategy centered on energy and AI compute infrastructure. The firm has been positioning its global mining footprint as a foundation for high-performance computing, aiming to repurpose or expand its power capacity to support data-intensive AI workloads, a shift that mirrors a wider industry trend of miners seeking more stable, higher-margin revenue streams.

The convertible issuance follows the closing of a $65 million strategic investment round led by entities controlled by chairman Xin Jin and director Chang-Wei Chiu. The deal, settled in USDT and completed March 31, saw the company issue more than 49 million Class A shares.

Together, the transactions underscore management’s effort to stabilize the company financially while betting on longer-term growth in energy and AI-linked compute, even as it faces near-term pressure to keep its NYSE listing intact.

Cango’s shares have slumped sharply this year, highlighting the urgency behind its latest capital raise. The stock is down more than 70% year to date, recently trading around $0.39 after starting January above $1.40, with sustained selling pressure pushing it below the NYSE’s $1 minimum listing threshold.

Read more: Cango is selling off its bitcoin stash to pay down debt and fund an AI makeover

Who is Keven Warsh, Trump’s Pick for the Federal Reserve?

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The US Senate could soon hear testimony to confirm financier Kevin Warsh as the new chair of the Federal Reserve.

Warsh, who previously served on the Fed’s Board of Governors from 2006 to 2011, has criticized the central bank’s policies under current chair Jerome Powell. Warsh has called for “regime change” and lower interest rates.

Regarding crypto, Warsh has a somewhat nuanced approach. He hails Bitcoin as a sustainable store of value, but claims it doesn’t function as money. 

Lower interest rates and a fairly open attitude toward crypto could be good news for digital asset prices, which most investors perceive as risk-on. But even if Warsh passes his nomination, there’s no guarantee he’ll affect the changes expected. 

Warsh wants to lower Fed interest rates, but can he?

Warsh, a graduate of Stanford and Harvard, started his career at Morgan Stanley, where he eventually became a VP and executive director. He then served as an executive secretary of the White House National Economic Council under President George W. Bush.

Bush nominated him to the Board of Governors of the Federal Reserve in 2006, where his hawkish views on inflation often differed from his colleagues. He was critical of the aggressive use of its balance sheet, which he said led to a period of “monetary dominance” that artificially depressed rates. 

Some of this appears to have changed in recent years. In a November 2025 op-ed for the Wall Street Journal, Warsh criticized Powell’s leadership at the Fed, claiming that “inflation is a choice, and the Fed’s track record under Chairman Jerome Powell is one of unwise choices.”

He said “credit on Main Street is too tight” and that the Fed’s balance sheet, which is “bloated” due to past crisis-management efforts, “can be reduced significantly.” 

Source: Polymarket Money

“That largesse can be redeployed in the form of lower interest rates to support households and small and medium-size businesses,” he said. 

Plans for cutting interest rates come at an economically fraught time. The US and Israel’s joint attack on Iran, which could soon escalate into an invasion if US President Donald Trump so decides, has wreaked havoc on oil prices.

Increasing oil prices had a direct effect on the core inflation metrics the Federal Reserve uses when considering rate changes. This could put the damper on any plans for rate cuts, at least certainly under Powell.

Warsh told Barron’s that the “core theory of inflation that the Fed is using” is “mistaken.” He said that “we need to fundamentally rethink macro, which is a fundamental rethink of the core economic models that the Fed is using.”

In his accounting, rising wages and commodity prices are not to blame for inflation. Rather, “at the core, I think inflation comes about when the government spends too much and prints too much.”

Returning to monetarism, as well as dumping some of the debt held by the Federal Reserve, could help address inflation concerns, in his view. 

Bankers and former Bush administration officials have congratulated Warsh on the nomination. Former US Secretary of State Condoleezza Rice said the Fed would “benefit from his steady, principled leadership.”

“He understands the central bank’s key role for the United States and our allies around the world,” she said.

Bank of England Governor Andrew Bailey has also welcomed Warsh’s nomination. He said that he knew both Powell and Warsh well, and that “They’re both very qualified.”

Qualifications aside, Warsh may find it difficult to enact his preferred policies.

Roger W. Ferguson Jr., the Steven A. Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations (CFR), and Maximilian Hippold, a research associate for international economics at CFR, wrote that Warsh won’t revolutionize the Fed.

They said that the chair alone does not make inflation rate decisions. “They are determined by the Federal Open Market Committee (FOMC), a twelve-member body that includes seven Fed governors and five regional Fed presidents.” The chair can’t change policy without convincing a majority. 

A Fed Board of Governors meeting in 2022 with Powell center. Source: Public Domain

Others argue that Warsh’s interest in lowering interest rates is a recent pivot and may not be a core conviction around which he will focus central bank policy. A December 2025 analysis from Deutsche Bank noted Warsh’s response to the global financial crisis in 2008, when he was a Governor at the Fed.

“His views while he was a Governor around the GFC [global financial crisis] at times skewed more hawkish than his colleagues,” the report read. “Although Warsh has argued for lower rates recently, we do not view him as structurally dovish.”

They further questioned Warsh’s plans to lower interest rates and cut assets on the Fed balance sheet. “This trade-off would only be feasible if regulatory changes are made that lower banks’ demand for reserves. While several Fed officials have made this argument recently, including Vice Chair of Supervision Bowman and Governor Miran, it is not obvious these changes are realistic in the near-term.”

“The chair has just one vote amongst a particularly divided committee.”

Warsh’s nomination and Fed independence

Commentators have also drawn attention to Warsh’s connection to the Trump administration. Warsh’s father-in-law, Ronald Lauder, is a classmate of Trump and a major donor to his political campaigns.

His relatively recent opinions on low interest rates also make him uniquely suited to the role, at least in Trump’s eyes. Ferguson and Hippold wrote, “Trump believes he has found a successor who will align with his economic priorities in Warsh.”

The president has long bemoaned Fed officials who supposedly promise rate cuts, but then raise them once in office. “It’s too bad, sort of disloyalty, but they got to do what they think is right,” he said in a speech at Davos last year. 

Trump has long pushed for lower interest rates, claiming that they are needed to spur his economic development plans. Powell’s refusal to acquiesce to the White House’s request led to political scandal. 

Last year, the Department of Justice (DoJ) opened a criminal investigation into Powell, alleging that he misappropriated billions of dollars for new offices for the Federal Reserve.

A federal judge recently quashed the DoJ’s subpoenas in the case. Judge James Boasberg wrote in a memorandum opinion, “A mountain of evidence suggests that the dominant purpose is to harass Powell to pressure him to lower rates. For years, the President has publicly targeted Powell because the Fed is not delivering the low rates that Trump demands.”

Boasberg noted Trump’s invective posts on social media. Source: US District Court for the District of Columbia

Regarding his pick, Trump said in a January press event in the Oval Office that it would be “inappropriate” to ask Warsh about his stance on interest rates. “I want to keep it nice and pure, but he certainly wants to cut rates, I’ve been watching him for a long time.” 

Just a couple of weeks later, in an interview with NBC, Trump said Warsh understands that he wants to lower interest rates. “But I think he wants to anyway. If he came in and said ‘I want to raise them’ […] he would not have gotten the job.”

But Warsh hasn’t “gotten the job,” at least not yet. He will face tough questioning from Democrats on the Senate Banking Committee, possibly as soon as April 13. 

In a letter lambasting Warsh’s role in bailing out banks in 2008, Senator Elizabeth Warren, who serves on the committee, said, “I have no doubt that you will serve as a rubber stamp on President Trump’s Wall Street First agenda.”

Warren expected written responses to this, and to Warsh’s opinion about Trump’s “witch hunts” against Powell and Fed Governor Lisa Cook, by April 2.

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