JP Morgan Chase, one of the largest U.S. banks, announced it will enable Bitcoin trading for customers, signaling a notable shift in traditional finance’s approach to crypto. CEO Jamie Dimon, who once dismissed Bitcoin as a ‘fraud,’ now supports client access despite personal reservations. The bank will not custody Bitcoin but will integrate it into client portfolio reporting. This decision follows broader Wall Street trends, with competitors like Morgan Stanley and Goldman Sachs also expanding crypto services. Regulatory changes, such as the rescission of SEC’s SAB 121, have removed barriers for banks entering the crypto market. Institutional interest in Bitcoin remains strong, with firms like Strategy and Metaplanet increasing their holdings. Bitcoin’s price recently surpassed $105,000, reflecting sustained market momentum.
about JP Morgan to Offer Bitcoin Trading Amid CEO's ShiftMorgan Stanley
0 posts last weekJP Morgan to Allow Bitcoin Purchases Despite Dimon’s Criticism
JP Morgan CEO Jamie Dimon, who has repeatedly criticized Bitcoin as ‘worthless’ and a ‘fraud,’ revealed during the bank’s investor day that clients will soon be able to buy Bitcoin—though the bank will not custody it. This pivot reflects broader institutional acceptance of crypto despite Dimon’s personal skepticism. Other major banks, like Morgan Stanley, are also exploring crypto offerings, while U.S. regulators under the Trump administration have eased restrictions, including rescinding SAB 121, which previously barred banks from custodying digital assets. Dimon has praised blockchain technology, even as he remains critical of Bitcoin itself.
about JP Morgan to Allow Bitcoin Purchases Despite Dimon's CriticismAnthropic Secures $2.5B Credit Line from Major Banks
Anthropic, the AI research firm behind the Claude large language model, has secured a $2.5 billion revolving credit facility from a consortium of major banks, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, and Citibank. The five-year credit line strengthens Anthropic’s balance sheet and provides flexibility for continued expansion. The firm recently raised $3.5 billion in a Series E funding round, valuing it at $61.5 billion, and has seen an 8x increase in high-value customers. This financial backing underscores the growing confidence in Anthropic’s mission and business model.
about Anthropic Secures $2.5B Credit Line from Major BanksAsia’s Wealth Shift: Gold & Crypto Replace Dollar Assets
Asia’s wealthiest investors are reducing exposure to U.S. dollar-linked assets, shifting toward gold, cryptocurrencies, and Chinese markets amid geopolitical tensions and financial volatility. UBS reports declining demand for dollar assets, while Bitcoin and gold gain traction as mature stores of value. Chinese investments also benefit from relaxed U.S.-China tariffs, with Hong Kong’s benchmark index performing strongly in 2024. Portfolio diversification is now a priority, with Morgan Stanley recommending 40% fixed income, 40% equities, and 15% alternatives. Institutional interest in crypto is rising, with BlackRock noting Bitcoin’s role as a dollar reserve alternative. Regulatory clarity in Singapore, Japan, and Hong Kong is further boosting crypto adoption.
about Asia's Wealth Shift: Gold & Crypto Replace Dollar AssetsRipple’s Role in Cross-Border Payments: Banks Save 60%
Recent research and banking reports underscore Ripple’s (XRP) transformative impact on cross-border payments. Morgan Stanley’s document, “Blockchain in Banking: Disruptive Threat or Tool?”, notes that Ripple adoption could slash banks’ processing costs by 60% on a $500 transaction while cutting settlement times and fraud risks. JPMorgan acknowledges Ripple, SWIFT, and CLS Group for addressing inefficiencies in the $23.5 trillion annual cross-border payment market, though XRP’s volatility limits broader bank adoption. The US Federal Reserve has also explored integrating Ripple into its FedNow system. Meanwhile, XRP’s price shows bullish momentum, rising 13% in 30 days amid growing trading volume. Analysts speculate Ripple aims to dominate payments and establish XRP as a default bridge currency.
about Ripple's Role in Cross-Border Payments: Banks Save 60%Ryan Fang: From TradFi to Web3 Pioneer with Ankr
Ryan Fang, a former investment banker, co-founded Ankr in 2017 to revolutionize cloud infrastructure through blockchain node hosting and staking. Despite early skepticism, Ankr now supports over 45 networks and processes trillions of requests annually. Fang’s vision extends beyond Ankr, with involvement in projects like PrimeBlock (mining), Bounce Finance (DeFi auctions), and BurgerCities (metaverse). However, Ankr faced significant security challenges in 2022-2023, including a malicious code infiltration and a DNS phishing attack, which were swiftly resolved. Fang’s ability to bridge traditional finance and Web3, coupled with his focus on trust and accessibility, has cemented his reputation as a Web3 pioneer.
about Ryan Fang: From TradFi to Web3 Pioneer with AnkrMorgan Stanley to Launch Crypto Trading on E*Trade by 2026
Morgan Stanley is preparing to launch crypto trading on its E*Trade platform by 2026, aiming to provide retail investors with easy access to digital assets like Bitcoin and Ethereum. The bank is working closely with regulators to ensure a safe and compliant infrastructure, building on its 2024 approval to offer Bitcoin ETFs. This move reflects broader institutional adoption, with other banks like Citigroup and JPMorgan also expanding blockchain services. Morgan Stanley’s cautious yet strategic approach highlights its commitment to integrating crypto into traditional finance, offering users a seamless and secure trading experience.
about Morgan Stanley to Launch Crypto Trading on E*Trade by 2026Morgan Stanley’s E-Trade to Launch Crypto Trading in 2026
Financial giant Morgan Stanley is reportedly preparing to offer cryptocurrency trading on its E-Trade platform by 2026, according to anonymous sources cited by Bloomberg. The move, influenced by former President Donald Trump’s pro-crypto policies, would represent a significant step in traditional finance’s embrace of digital assets. While details remain unclear, Morgan Stanley is evaluating potential crypto firm partnerships to facilitate the service. Currently, the bank only provides crypto-related products like ETFs and futures to high-net-worth clients. If successful, this would be the largest retail crypto offering from a major banking institution, potentially including Bitcoin and Ethereum. The development follows Trump’s executive actions supporting crypto, including SEC regulatory easing and the creation of a ‘crypto czar’ position. Other banks like SoFi may follow Morgan Stanley’s lead in offering direct crypto access to retail traders.
about Morgan Stanley's E-Trade to Launch Crypto Trading in 2026Morgan Stanley & Charles Schwab Eye Crypto Trading Amid Eased US Rules
Morgan Stanley plans to introduce spot crypto trading on its E*Trade platform by 2026, expanding access beyond high-net-worth clients to retail investors. Charles Schwab is also preparing for direct spot crypto trading, with CEO Rick Wurster targeting a launch within 12 months. These developments follow significant US regulatory changes, including the SEC repealing restrictive accounting rules and the Federal Reserve relaxing crypto partnership requirements for banks. The FDIC and OCC have similarly eased guidelines, encouraging traditional financial institutions to enter the crypto space. This regulatory shift is reshaping the financial landscape, with crypto-native firms seeking banking licenses and legacy institutions adapting to remain competitive.
about Morgan Stanley & Charles Schwab Eye Crypto Trading Amid Eased US RulesMorgan Stanley to Enable Crypto Trading on E*Trade by 2026
Morgan Stanley is set to expand its digital asset offerings by enabling cryptocurrency trading on its E*Trade platform by 2026, according to a Bloomberg report. The bank is in early-stage discussions and exploring partnerships with established crypto firms to facilitate the service. This follows its existing exposure to crypto through ETFs and futures for high-net-worth clients, with Bitcoin ETFs being pitched by advisers since 2024. The move reflects broader institutional adoption of crypto amid shifting regulatory frameworks in the US.
about Morgan Stanley to Enable Crypto Trading on E*Trade by 2026Major Banks to Offer Bitcoin ETFs by 2025: Bitwise CIO
Bitwise Chief Investment Officer Matt Hougan forecasts that major financial institutions—Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS—will offer Bitcoin ETF services by late 2025, collectively managing over $10 trillion in assets. Despite Bitcoin ETFs attracting $3.7 billion in 2025 (compared to $35 billion in 2024), Hougan expects a surge in institutional adoption as barriers like custody and regulatory hurdles diminish. He highlights previously ‘far-fetched’ developments, such as U.S. government Bitcoin holdings and BlackRock’s embrace of crypto, as signs of growing mainstream acceptance. Bitcoin’s price stood at $93,869 at the time of reporting, down 1.1% in 24 hours. Hougan believes more investors will recognize Bitcoin’s potential as institutional infrastructure matures.
about Major Banks to Offer Bitcoin ETFs by 2025: Bitwise CIOMorgan Stanley Sees S&P 500 Bottom After Capitulation
Morgan Stanley’s Mike Wilson indicates the S&P 500 likely reached a capitulation low on April 7th, dropping to 4,835 points—a sign that sellers may have exhausted their positions. Wilson describes this as a ‘moment of recognition’ for recession fears, with the market now expected to trade in a volatile range until economic direction becomes clearer. Despite a brief rally, the S&P 500 remains in uncertain territory, closing at 5,386 points recently. Wilson compares the market’s state to a patient recovering from a heart attack, emphasizing the need for time and stability before any sustained uptrend resumes.
about Morgan Stanley Sees S&P 500 Bottom After Capitulation