CHART: Which blockchains is USD1 issued on?
USD1 is issued on several blockchains, but Binance Smart Chain dominates, thanks in large part to the MGX-Binance deal. Source link
Coinbase
Bitcoin
Morgan Stanley Enters the Crypto Trading War With Aggressive 50-Basis-Point Fees
Key Takeaways Morgan Stanley launched E*Trade crypto trading, expanding to 8.6M users later this year. Charging a low 50-basis-point fee, Morgan Stanley undercuts Coinbase to disrupt institutional crypto. Expanding beyond its MSBT Bitcoin ETF, Morgan Stanley next seeks a bank charter for crypto custody. Morgan Stanley Rolls Out Crypto Trading Pilot on E*Trade Giants of
Crypto
CryptoQuant analyst flags $93k as key upside target for Bitcoin
CryptoQuant flags Bitcoin’s unfilled $93k CME futures gap as a key upside “price magnet,” not a guaranteed destiny, for the next leg of the BTC cycle. Summary CryptoQuant analysts frame the $93k Bitcoin CME gap as a major liquidity and sentiment magnet, not a predetermined target. They argue CME gaps act as signal zones where
Solana
Wall Street Giant Morgan Stanley Enters Crypto Race With Pricing Edge: Report
Morgan Stanley is bringing Bitcoin, Ethereum, and Solana trading to E*Trade clients soon. One of the world’s largest wealth management firms, Morgan Stanley, is all set to introduce cryptocurrency trading on its E*Trade platform, which it acquired for $13 billion six years ago. It aims to compete on lower costs. Morgan Stanley Joins Crypto
Tech & AI
‘Sheep Detectives’ stars Hugh Jackman, Chris O’Dowd, and Nicholas Braun play Pop Mash
Focusing on a flock determined to crack the case of their slain shepherd, Sheep Detectives is a new movie that’s a ton of fun. To celebrate its theatrical release, Entertainment Editor Kristy Puchko sat down with three of the film’s stars, Hugh Jackman, Chris O’Dowd, and Nicholas Braun, to play Mashable’s Pop Mash. SEE ALSO:
Crypto
Morgan Stanley debuts ultra-cheap crypto trading to challenge Coinbase and Robinhood
Morgan Stanley, which spent $13 billion to acquire E*Trade six years ago, is now using that platform to offer crypto trading at lower fees than its competitors. The bank charges clients 50 basis points (half a penny on every dollar traded) for crypto transactions on E*Trade. Robinhood charges nearly double that at 95 basis points.
Coinbase
Michael Saylor diluted MSTR by $735.2 million after saying he wouldn’t
Since revoking his promise not to dilute MSTR to buy BTC between 1-2.5X mNAV, Michael Saylor has diluted by another $735.2M. Source link
Bitcoin
Crypto Traders Liquidate $66M Shorts as Bitcoin Spikes Past $82,000 Level
Key Takeaways: Bitcoin climbed to $82,000 on May 6, gaining over $5,000 in value as geopolitical tensions eased. The rally pushed the total crypto economy past $2.8 trillion and sparked $54.6 million in liquidations. 10X Research notes that while bitcoin is up 7% this month, cautious investors await a macro catalyst. Bitcoin Momentum Builds On
Crypto
Bitcoin ETF News: Hong Kong’s Spot ETFs Changing the ‘Weekend Gap’
In Bitcoin ETF news today, Hong Kong’s spot BTC ETFs are measurably compressing Bitcoin’s notorious ‘weekend gap,’ with Asian-session trading now capturing an estimated 20% of global BTC volume during hours when US institutional desks are dark. Since launching on the Hong Kong Stock Exchange on April 30, 2024, products from providers including China Asset
Bitcoin
Maya, Lydian Partner to Soon Enable ‘Pay with Crypto’ for Philippine Merchants
Financial technology company Maya and digital asset infrastructure provider Lydian announced a collaboration to enable digital asset payments for merchants in the Philippines. According to a joint statement, the initiative will integrate a “Pay with Crypto” option into existing consumer payment methods, including QR codes, payment links, and online checkouts. The rollout will focus on