Morgan Stanley is widening access to cryptocurrency investments for its wealth management clients, CNBC reported Wednesday, in a move that signals a broader shift among traditionally cautious Wall Street institutions. Starting next Wednesday, the bank will allow its financial advisors to offer crypto investments to all clients — regardless of risk tolerance or net worth
Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$3,991.06, the gold-backed tokens of stablecoin giant Tether. The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an
Millions of Russian citizens are already using cryptocurrency, finally convincing their government that regulation rather than prohibition is what’s actually needed. According to an estimate, coins in Russian wallets have reached dozens of billions of dollars in valuation, a clear indication of the growing popularity of decentralized digital money in an otherwise centralized system. Russian
Binance Japan’s business partnership with PayPay is an ambitious push to make crypto an everyday payment tool in Japan’s fragmented, yet rapidly evolving market. The crypto market in Japan is entering a new phase of mainstream adoption after PayPay, the SoftBank and Yahoo Japan-backed payments giant, took a 40 percent stake in Binance Japan to
Key Takeaways The Central Bank of Russia is moving to permit limited crypto activity among banks. Strict capital reserve requirements will remain to manage risk, even as banks engage more with cryptocurrencies. Russia’s central bank is preparing to permit banks to engage in crypto operations under tight regulatory oversight. The monetary authority is exploring a
US Secretary of Commerce Howard Lutnick is personally assisting with Tether’s equity fundraise, according to Swan Bitcoin CEO Cory Klippsten. Citing a tip from a national news reporter, Klippsten claims that Lutnick is simultaneously running the Department of Commerce (DOC) and drumming up support for the stablecoin giant’s $20 billion open equity round. On September
Morgan Stanley is expanding its crypto offerings, allowing all clients to have access to digital assets, according to a Friday report. CNBC reported Friday that advisors will be able to offer crypto fund investments to any client as of October 15, including those with retirement accounts. Previously, only high-net-worth individuals could invest in crypto at the
India’s Prime Minister Narendra Modi expressed confidence in the Reserve Bank of India’s digital currency initiative during his address at the Global Fintech Fest 2025 in Mumbai. The Prime Minister stated that the digital currency project will strengthen India’s economic growth story. Modi highlighted India Stack as the foundation of the country’s digital economy during
Online prediction market Kalshi has raised more than $300 million at a $5 billion valuation as prediction markets move into the financial mainstream, according to a report by the New York Times on Friday. The company will now allow users in over 140 countries to place bets, marking its first major international expansion, the article
The US government shutdown has negatively impacted government agencies. As a result, government employees were furloughed, and the publication of key economic indicators, such as employment and Gross Domestic Product (GDP), was suspended. As uncertainty persists about how long the US lockdown will last, anxiety about the Fed’s interest rate cuts has also increased. The