Author: boss

Morgan Stanley taps Galaxy to offer crypto-backed access to Bitcoin ETF products

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Morgan Stanley Wealth Management has expanded its crypto offering by enabling eligible clients to convert digital asset holdings into spot crypto exchange-traded products through a new referral arrangement with Galaxy Digital. Summary Morgan Stanley clients can now lend Bitcoin, Ether, and Solana to Galaxy Digital in exchange for shares in spot crypto investment products. Galaxy has reduced the minimum lending transaction size for Morgan Stanley referred clients to $5 million from $25 million. According to a Friday announcement, high-net-worth Morgan Stanley clients can lend cryptocurrencies including bitcoin, ether, and Solana…

Visa Tests Private Stablecoin Settlement on Canton Network

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Visa is testing whether privacy-enabled blockchain networks can support institutional stablecoin settlement without exposing sensitive transaction data, in a proof of concept with stablecoin infrastructure company Brale and the Canton Network, a permissioned ledger backed by major Wall Street firms. The project, announced Thursday, uses SBC, a US dollar-backed stablecoin issued by Brale, to simulate institutional payment flows on Canton as Visa evaluates whether SBC could become another stablecoin option in its settlement program. The initiative extends Visa’s earlier experiments using stablecoins for settlement on public blockchains, which began in…

Blackrock Ends Bitcoin ETF Selloff as IBIT Pulls in $48M After 13 Red Days

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Key Takeaways Bitcoin ETFs gained $3.05M on June 4, ending a 13-day outflow streak. Ether ETFs added $19.3M via ETHA, signaling renewed demand after 17 red sessions. HYPE ETFs extended inflows to 16 days with $12M, while XRP added $3.8M. HYPE ETFs Extend Winning Streak to 16 Days With $12M in Fresh Inflows The long red streak finally broke, but the relief was uneven. After nearly three weeks of pressure across the largest crypto ETF categories, bitcoin and ether funds both returned to positive flows. It was not a sweeping…

Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend

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Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped below a descending trendline, and the current structure still favors sellers unless price can reclaim important resistance levels. However, technical analysis projection leaves room for a recovery move if Bitcoin breaks out of the bearish trend and starts building momentum above confirmation levels. Bitcoin…

Zcash Developers Weigh New Shielded Pool After Orchard Bug

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Zcash developers and researchers are discussing whether a new shielded pool could help restore supply verification confidence after a recently patched Orchard vulnerability. Shielded Labs, an independent Swiss-based Zcash support organization, said in a security update on Friday that it is exploring a proposed network upgrade that would deploy a new shielded pool and enforce “turnstile accounting” on coins moving from Orchard, giving users a clearer way to verify the integrity of funds moving out of the pool. The group said the proposal is still subject to further explanation and…

How low Will Bitcoin Price go if $60K Support Fails?

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Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday. BTC/USD weekly chart Source: TradingView BTC was trading near $62,500 after briefly dropping toward $61,000 earlier in the session. The roughly $1,500 rebound showed bulls are still trying to defend the psychologically important $60,000 support level. How low can Bitcoin go if it breaks below $60,000? Key takeaways: Bitcoin is testing its 200-week SMA near $61,800, a level that has historically acted as major cycle support. Analyst says $55,000 may be…

Arthur Hayes Dumps Entire Zcash Bag, Keeps WLD Bet Alive

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Arthur Hayes says Maelstrom has sold its entire Zcash position after new disclosures around the Orchard Pool vulnerability sharpened the perceived risk around ZEC’s monetary integrity. The move effectively ends his recent “Holy Trinity” trade across ZEC, NEAR and HYPE, while leaving Worldcoin as the AI-linked bet he says the fund still holds. “The Holy Trinity is dead,” Hayes wrote on X. “Sadly due to the Orchard Pool exploit, I had to dump our entire ZEC bag.” Why Is Hayes Dumping Zcash Now? The post followed a detailed statement from…

Crypto Exchanges Could Funnel $5 Trillion of New Equity Capital Into Markets

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Key Takeaways Binance Research said crypto exchanges could add $5T in annual equity capital within five years. Roughly 93% of Binance’s stock-trading users come from emerging markets, the report found. The shift positions exchanges as equity gateways, settling trades in stablecoins around the clock. Exchanges as the New Gateway to Stocks In much of the developing world, opening a conventional brokerage account can mean paperwork, minimum balances and limited access to U.S. shares. Crypto platforms sidestep much of that friction, letting users buy fractional positions with stablecoins around the clock.…

Bitcoin purity, markets or upgrades? Saylor names four camps

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Michael Saylor has outlined four Bitcoin ideologies in a new paper, framing the debate over how Bitcoin should grow, connect with markets, improve technically, and protect its core principles. Summary Saylor separates Bitcoin believers into maximalists, capitalists, technologists, and fundamentalists as adoption debates widen globally. Capitalists favor market integration, while fundamentalists warn against custody, leverage, regulation, and protocol compromise risks. The paper lands as Strategy faces scrutiny after Strategy’s rare Bitcoin sale and price pressure. Saylor said Bitcoin has moved beyond its early role as a niche technology or monetary…

Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

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Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month. Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL to the institutional trading platform. The transfer comes as the firm sits on steep unrealized losses tied to its large-scale bet on the token. The deposit to Coinbase Prime does not necessarily confirm an immediate sale but is commonly interpreted as a precursor to trading activity, particularly for institutional…