Morgan Stanley Executive on Bitcoin: ‘We Are Still So Early on This Journey’
Morgan Stanley's head of digital assets says bitcoin adoption hinges on client education, not product innovation. The bank's Bitcoin Trust attracted $100M in first-week flows, though advisor uptake remains slow. Oldenburg emphasizes bitcoin's $1.5 trillion market cap and distinction from broader crypto, citing persistent misconceptions about the asset's early history as key barriers to institutional allocation growth.
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Strategy and Blockstream CEOs Paint Vision of Bitcoin’s Financial Future
Strategy CEO Phong Le and Blockstream's Adam Back discussed Bitcoin's institutional future, emphasizing treasury strategies, tokenization, and digital credit products. Strategy holds 818,334 BTC, nearing one million coins. Their STRC product offers 11.5% annual dividends funding Bitcoin purchases. Both executives predicted tokenization will reshape markets, enabling 24/7 trading and peer-to-peer asset transfers, signaling mainstream financial adoption ahead.
Fed chair Jerome Powell says he will stay on as Govenor after term amid legal pressure
During a press conference following the Fed's interest rate decision, Powell said ongoing scrutiny and political tension forced him to stay, despite his plans to step down....
Tech giant Meta starts paying some creators in stablecoin with Stripe's support
Meta has begun paying select creators in Colombia and the Philippines using USDC stablecoin on Solana and Polygon blockchains, partnering with Stripe for tax documentation. The move signals Meta's return to crypto payments after its Libra project failed in 2022. Stablecoins enable faster, cheaper global transfers without traditional banking infrastructure, positioning Meta among major tech firms experimenting with blockchain-based payouts.