Wall Street bank Morgan Stanley has filed an S-1 registration application with the Securities and Exchange Commission (SEC) to launch a spot Ethereum ETF. According to a filing with the SEC, the bank has taken a new step toward expanding its presence in the crypto asset space by preparing a registration notice for an Ethereum
Key Takeaways Bitcoin dropped below $92K, triggering $490M in liquidations led by long positions. ETH, SOL, and XRP saw notable pullbacks, contributing to a 1.5% daily market decline. Bitcoin fell below $92,000 on Wednesday morning, triggering over $490 million in liquidations in the past 24 hours, according to Coinglass data. The drop follows a brief
Key Takeaways Dow Jones will begin publishing Polymarket’s prediction market data across its news platforms. The integration aims to give readers insight into forecasts for company earnings and other financial outcomes. Polymarket has formed a partnership with Dow Jones to provide trading data for use in Dow Jones news outlets like the Wall Street Journal
Key Takeaways Fireblocks acquired TRES Finance for $130M in cash and equity. The deal expands Fireblocks’ infrastructure to include audit-ready accounting and financial reporting capabilities. Fireblocks, a digital asset custody and transaction infrastructure provider, has acquired crypto accounting platform TRES Finance in a deal valued at $130 million in cash and equity, according to executives
Wall Street broker Bernstein said 2026 is likely to mark the start of a tokenization “supercycle,” with digital assets having probably bottomed after a weak end to 2025, making market dips an opportunity to add exposure to crypto-linked stocks. The broker says sentiment weakened late last year but underlying fundamentals remain intact, analysts led by
Digital asset infrastructure firm Fireblocks said it bought TRES Finance, a crypto accounting and financial reporting platform for an undisclosed amount, in a bid to close the gap between blockchain-based operations and traditional finance systems. TRES will continue to operate as a standalone product, with Fireblocks supporting its growth and integrating it more deeply into
Bitcoin BTC$91,304.93 and most other digital assets headed lower in U.S. trading on Wednesday, extending overnight losses. At press time, bitcoin was down 3% over the past 24 hours at $91,100. The CoinDesk 20 Index, which tracks the top 20 crypto assets, is trading nearly 4% lower over the same period, led by XRP, which
Key Takeaways Ripple sees no rush for an IPO despite a massive $40 billion valuation. Monica Long emphasizes a strong balance sheet and backing from major strategic investors such as Citadel and Fortress. Ripple President Monica Long reiterated that the company is under no pressure to go public following a $500 million raise that pushed
Key Takeaways JPMorgan and Digital Asset collaborate to launch JPM Coin on the Canton Network. JPM Coin is a USD-denominated deposit token designed for institutional finance. Digital Asset and Kinexys by J.P. Morgan have announced their intent to issue JPM Coin on the Canton Network. Launched on Base in late 2025, JPM Coin (ticker: JPMD)
China, known for its strict bans on Bitcoin (BTC) and cryptocurrencies, is experiencing another crypto crisis. According to the Financial Times, China’s Ministry of Commerce is investigating Meta’s $2 billion acquisition of the AI platform Manus. The reason for this investigation is said to be the company founder’s investment in Bitcoin. Accordingly, Meta’s acquisition of