The Morgan Stanley Bitcoin Trust completed its first month of trading without a single day of net outflows, providing an early test case for how a Wall Street bank’s brand, pricing, and distribution network can alter the competitive landscape of the digital-asset market. The product, trading under the ticker MSBT, launched on April 8 and
Bitcoin is trading near the low $80,000 zone as two charts show a major long-term setup and a short-term reclaim test. $BTC still needs a clean weekly hold above this area before the larger cup and handle target gains strength. Bitcoin Cup and Handle Chart Points to $363K Target Bitcoin is trading near $80,798 on
The jobs numbers changed the narrative on May 8 — and Bitcoin saw it first. The U.S. economy added 115,000 nonfarm payrolls in April — nearly doubling the consensus forecast of 65,000. The unemployment rate held steady at 4.3%. Average hourly earnings rose just 0.2% month-over-month, undershooting the projected 0.3%. Bitcoin dropped briefly below $80,000
After hovering slightly above the $320 billion threshold last week, the stablecoin sector pulled in more than $2 billion in fresh capital over the past seven days. Data from Defillama shows the stablecoin economy now carries a combined market capitalization of $322.74 billion. Key Takeaways: Tether’s $USDT hit $189.63B on May 10, keeping 58.76% control
In South Korea, cryptocurrency investors are beginning to convert their assets into cash to purchase real estate, with this trend being most prevalent among investors in their 30s. According to data released by South Korea’s Ministry of Land, Infrastructure and Transport on May 10, a total of 324 homebuyers declared using proceeds from cryptocurrency sales
The S&P 500 closed at 7,398.93 on May 8, 2026, notching a fresh all-time high on a gain of 0.84%. The Nasdaq Composite did even better, surging 1.71%, while the Nasdaq 100 climbed 2.35%. A handful of technology stocks, particularly in semiconductors and artificial intelligence, provided most of the thrust. Year-to-date, the S&P 500 is
The race for the title of world’s most valuable public company has a new front-runner warming up. Alphabet, Google’s parent company, is closing in on Nvidia with a market capitalization of approximately $4.8 trillion, sitting roughly $240 billion behind the chipmaker’s $4.79 trillion valuation. The numbers behind the surge Alphabet’s stock has climbed 24% year-to-date.
MIAMI BEACH, Fla. — Senior figures from Google Cloud and PayPal told CoinDesk’s Consensus Miami conference on Thursday that the next wave of internet commerce will run on crypto rails because AI agents structurally cannot use traditional financial accounts. Richard Widmann, global head of Web3 strategy at Google Cloud, said the existing internet user experience
Jerome Powell, whose eight-year term as head of the Fed is coming to an end, is preparing to officially step down on May 15. Powell, an “unconventional” central bank governor without an economics background, witnessed many critical periods, from the pandemic crisis to the highest inflation in 40 years, from aggressive interest rate hikes to
Institutional Bitcoin purchases accelerated again in April, with corporate reserves buying over 64,000 $BTC in a single month. According to published data, publicly traded companies and institutional reserves added a total of 64,722 $BTC in April. The net increase was approximately 57,791 $BTC. Thus, April 2026 became one of the largest institutional Bitcoin buying periods