Morgan Stanley Crypto Trading Ambitions Drawing Nearer: Bloomberg

Morgan Stanley is set to launch its own crypto trading service on the E*Trade platform in early 2026, thanks to a partnership with Zerohash. This move allows E*Trade clients to trade popular cryptocurrencies like Bitcoin, Ethereum, and Solana, marking a significant advancement in the financial services sector's embrace of digital assets. This initiative not only highlights Morgan Stanley's commitment to innovation but also reflects the growing acceptance of cryptocurrencies in mainstream finance.

Zerohash, a leading crypto infrastructure firm, has successfully raised $104 million in a funding round led by major financial players Interactive Brokers and Morgan Stanley. This significant investment highlights the growing confidence in the cryptocurrency sector and Zerohash's potential to innovate and expand its services. As traditional finance continues to embrace digital assets, this funding could pave the way for more robust infrastructure in the crypto space, benefiting both investors and users alike.

E*Trade is set to allow its clients to trade Bitcoin, Ether, and Solana starting in 2026, marking a significant step for Morgan Stanley as it enters the cryptocurrency market with the support of Zerohash. This move is important as it reflects the growing acceptance of digital currencies in mainstream finance, providing more options for investors and potentially increasing market participation.

Morgan Stanley's recent partnership with Zerohash to provide crypto trading for E*Trade clients marks a significant step in the integration of traditional finance with blockchain technology. This collaboration highlights the increasing acceptance of cryptocurrencies among institutional investors, paving the way for more innovative financial solutions and attracting a broader audience to the crypto market.

Crypto.com CEO Kris Marszalek has denied allegations that the exchange failed to disclose a significant security incident in 2023, which has led to a 10% dip in the value of its Cronos token. This controversy arose from a Bloomberg investigation suggesting that the company experienced a cyberattack linked to the group Scattered Spider. Marszalek characterized these claims as misinformation, emphasizing the importance of transparency in the crypto industry, especially as trust is crucial for investors.

Crypto.com is responding strongly to allegations of a data breach that reportedly exposed user details and was allegedly concealed from authorities. This situation is significant as it raises concerns about user privacy and security in the cryptocurrency space, especially following similar issues faced by other platforms like Coinbase. The involvement of a hacking group known as Scattered Spider adds another layer of complexity to the story, highlighting the ongoing challenges in safeguarding digital assets.

Ethereum is currently at a crucial juncture after breaking out of a rising wedge pattern, which initially sparked optimism for higher price targets. However, the upcoming retest of a key support zone between $3,900 and $4,100 will be pivotal in determining whether this breakout is genuine or just a false alarm. This situation is significant for investors and traders as it could influence Ethereum's price trajectory in the near future.

At the recent XRP Seoul 2025 event, Midas and Interop Labs unveiled an innovative product called mXRP, a tokenized version of XRP that promises to create a consistent buying pressure of around $700 million annually. This new model not only allows users to earn yield but also ensures that returns are reinvested back into XRP, potentially boosting its market stability and value. This development is significant as it could enhance investor confidence and drive further adoption of XRP in the cryptocurrency market.

The CFTC is taking a significant step by exploring the use of stablecoins as tokenized collateral in derivatives, which could revolutionize the U.S. derivatives markets. This initiative aims to modernize trading practices by integrating blockchain technology, potentially increasing efficiency and transparency in the financial sector.

Justin Sun has announced a new brand identity for TRON in a heartfelt letter to the community, coinciding with the platform's eighth anniversary. This rebranding effort highlights TRON's commitment to innovation and its growing influence in the blockchain space. By celebrating this milestone, Sun aims to strengthen community ties and inspire further development within the ecosystem, making it a significant moment for TRON enthusiasts and stakeholders.

Morgan Stanley is set to launch its own crypto trading service on the E*Trade platform in early 2026, thanks to a partnership with Zerohash. This move allows E*Trade clients to trade popular cryptocurrencies like Bitcoin, Ethereum, and Solana, marking a significant advancement in the financial services sector's embrace of digital assets. This initiative not only highlights Morgan Stanley's commitment to innovation but also reflects the growing acceptance of cryptocurrencies in mainstream finance.

Fed Chair Jerome Powell has highlighted the fragility of the job market following the Federal Reserve's first rate cut in nine months. This warning comes as futures markets anticipate further easing measures. Understanding these developments is crucial as they indicate potential shifts in economic policy that could impact employment and inflation.