The Pricing War Begins

Morgan Stanley’s 50-basis-point fee is about half of Robinhood’s 95 basis points. Coinbase charges 60 basis points, while Schwab announced 75 basis points last month.

“This is much bigger than trading crypto at a cheaper rate,” Jed Finn, Morgan Stanley’s head of wealth management, stated. “In a way, the strategy is disintermediating the disintermediators.”

Morgan Stanley’s Broader Crypto Push

Spot trading on E*Trade is one piece of Morgan Stanley’s crypto expansion over the last year. 

The bank debuted a Bitcoin ETF last month, the first Wall Street bank to do so, and made it the cheapest fund in the category.

Morgan Stanley has Ether and Solana ETFs…

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Zcash (CRYPTO: ZEC) is up 30% in the last 24 hours as Multicoin Capital disclosed a significant position and the privacy coin’s quantum resistance narrative gains traction.

Multicoin Reverses 2019 Stance On Privacy Coins

Multicoin Capital built a significant Zcash position, Co-Founder and Managing Partner Tushar Jain revealed at Consensus Miami. 

The disclosure marks a sharp reversal from Multicoin’s 2019 essay arguing that “privacy is a feature of valuable cryptocurrencies, not a product offering in and of itself.”

Jain explained that Bitcoin can withstand protocol-level freezes, but public ownership still leaves holders exposed if a government, creditor, or other actor can connect…

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Bitcoin (CRYPTO: BTC) is above the 200-day exponential moving average for the first time in three months as U.S. spot Bitcoin ETFs recorded $467 million in inflows and oil crashed 6% on U.S.-Iran peace deal hopes.

Iran Peace Deal Hopes Trigger Risk-On Rally

Bitcoin climbed to $82,000, alongside a more than 1% rise in Nasdaq futures amid reports of progress toward a U.S.-Iran memorandum of understanding.

Axios reported Wednesday that Washington and Tehran are close to a one-page memorandum aimed at ending the war. 

The draft agreement includes negotiations between U.S. envoys Steve Witkoff and Jared Kushner and Iranian officials conducted directly and through intermediaries.

The report…

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Bitcoin trades above $82,000 on Wednesday morning, supported by improving sentiment and four consecutive days of spot ETF inflows as U.S.-Iran tensions eased.

Bitcoin ETFs saw $467.4 million in net inflows on Tuesday, while Ethereum ETFs reported $97.6 million in net inflows.    

Meme coin market capitalization is trading 8.2% higher to $40 billion over the past 24 hours.

Trader Commentary: 

Crypto trader Jelle Bitcoin said Bitcoin is maintaining strong upward momentum after clearing multiple liquidity zones. A breakout from a rising wedge pattern has reinforced the bullish structure.

The next key test lies at the 200-day moving average and exponential moving average cluster, a critical…

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Cryptocurrency punters have slightly raised odds of Bitcoin (CRYPTO: BTC) topping $100,000 this year after its latest price spike.

Bitcoin Heading Toward $100,000?

The uptick in odds coincided with Bitcoin climbing to a three-week high of $81,000. The cryptocurrency has jumped over 17% in a month.

Bitcoin slipped below the $100,000 mark in mid-November and has yet to recover that level.

What Are Other Experts Projecting?

Influential cryptocurrency analyst and trader Ali Martinez flagged $83,000 as Bitcoin’s “most significant psychological and structural barrier,” with a breakout potentially clearing the path toward $94,000.

Several bullish Bitcoin price targets have been revised…

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U.S. stock futures rose on Wednesday, after Tuesday’s record close. This followed President Donald Trump‘s announcement of a temporary pause in a military-backed operation called ‘Project Freedom.’

This project was designed to escort commercial ships through the Strait of Hormuz. Trump said on Truth Social that while the U.S. operation would be paused temporarily to allow negotiations to continue, America’s blockade would remain firmly in place.

Meanwhile, the 10-year Treasury bond yielded 4.37%, and the two-year bond was at 3.89%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94.1% likelihood of the Federal Reserve leaving the current interest rates…

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Saylor Says Company Wants To Be Flexible

Saylor, during Strategy’s first-quarter earnings call, said the firm is willing to be more flexible in managing its capital stack.

“We’ll probably sell some Bitcoin to fund a dividend just to inoculate the market, just to send the message that we did it,” Saylor said.

He stressed that the potential sale would not be a reflection of any issues, insisting that all is “fine” with the company and Bitcoin.

“The more optionality we create and the more tools we have at our disposal, I think, the better it is for the equity investors,” the Bitcoin bull added.

Plan To Save Tax?

Notably, Strategy CEO Phong Le stated that the company’s…

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Sen. Bernie Moreno (R-Ohio) said on Tuesday the Clarity Act would be signed into law by President Donald Trump in around the first week of July.

Mark Up By Next Week?

At the Solana Accelerate USA event in Miami, Moreno noted strong “progress” and indicated that the key cryptocurrency legislation could be marked up next week.

“We have to merge it with, not to give you all the inside baseball, but there are a bunch of committees that have jurisdiction, so we have to put it into a tidy package. But we’ll get it on the president’s desk before the end of June and he’ll sign it into law before July 4th,” said Moreno, who is part of the Senate Banking Committee.

‘Banks Were Never… Read more on Benzinga

Is Dogecoin Teasing Cohen?

Dogecoin cited an interview in which GameStop CEO Ryan Cohen broke down the numbers and financing behind the massive bid.

“Meme stock behavior from a meme stock ceo. game respects game,” Dogecoin said.

The Strange Interview

Interestingly, the interview, which aired on Monday, has been making headlines lately.

Cohen repeatedly deflected questions, directing interviewers to the company’s website while avoiding key questions around funding, shareholder value and GameStop’s business operations.

Will The Deal Go Through?

GameStop, with a market cap of roughly $11 billion, has drawn attention due to the unusually large bid compared to its size. The company has built a…

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