Morgan Stanley Wealth Management now allows eligible clients to lend Bitcoin, Ether, and Solana to Galaxy Digital in exchange for shares in spot crypto exchange-traded products, including the Morgan Stanley Bitcoin Trust. This new referral arrangement reduces the minimum lending size from $25 million to $5 million and enables investors to move crypto exposure into regulated investment vehicles without selling their assets. The partnership bridges traditional and decentralized finance, offering clients more portfolio diversification options. This move is part of Morgan Stanley's broader push into digital assets, including launching new crypto products and expanding trading services through its brokerage business.
The head of the International Air Transport Association (IATA) warned that soaring jet fuel prices driven by the Iran war could push more budget airlines to bankruptcy or acquisition this year. Budget carriers are hit hardest due to their lack of hig...
Filecoin (FIL) fell 7% in 24 hours, extending its weekly loss to 26% after losing a critical support zone between $0.80 and $0.83. This support had held for nearly two months but its failure led to a sharp 47% drop from May highs. The current market ...
The Middle East war has reached 100 days, causing global market volatility and rising inflation due to higher energy and commodity prices. While some stock markets like Wall Street have rebounded, driven by optimism in AI and U.S. companies, European...
Bitmine Immersion Technologies secured $280 million through a Series A preferred stock offering to fund expansion into Ethereum-related infrastructure, shifting focus from Bitcoin mining to GPU-based computing for Ethereum staking and services. Despi...
The health care sector has risen sharply, gaining 5.2% over the past three sessions despite the broader S&P 500 index falling, mainly due to weakness in tech stocks. This rapid rise pushed health care to an overbought level quickly, marking one of th...
