Morgan Stanley Eyes Launching Crypto Trading Through E*Trade: Bloomberg
Morgan Stanley is reportedly planning to introduce cryptocurrency trading to its E*Trade platform, marking a significant move by a major U.S. bank to offer retail clients direct access to digital assets like Bitcoin and Ethereum. Seeking
The initiative, still in its early stages, aims for a potential launch in 2026. Morgan Stanley is exploring partnerships with crypto-native firms to build the necessary infrastructure for spot trading.
This development comes amid a shifting regulatory landscape in the United States. Recent policy changes under the Trump administration have eased restrictions, encouraging traditional financial institutions to expand into the crypto market.
Currently, E*Trade offers clients indirect exposure to cryptocurrencies through products like ETFs and futures. The planned addition of direct crypto trading would significantly broaden access for its 5.2 million retail users.
This move positions Morgan Stanley to compete more directly with crypto-focused platforms such as Coinbase and Robinhood, potentially reshaping the landscape of retail crypto trading.
Pi Network Holds $0.61 Support as RSI Hints at Reversal
Pi Network is drawing trader attention today as it firmly holds the $0.61 support level—despite recent market-wide pullbacks. Technical indicators suggest the bulls may not be done yet.
Key insight: The Relative Strength Index (RSI) is hovering near the oversold zone, signaling a potential bullish reversal on the horizon. This could mark a turning point for PI if momentum shifts in favor of buyers.
What to watch:
A bounce from $0.61 with rising volume could confirm bullish divergence.
Resistance stands near $0.70; breaking this could trigger short-term upside.
Failure to hold $0.61 may expose PI to deeper support near $0.55. #pi $BNB $BTC $
CZ’s Push for DeFi Takes Center Stage at TOKEN2049
At TOKEN2049, Binance founder Changpeng Zhao (CZ) made a compelling case for the future of decentralized finance (DeFi), highlighting its growing importance in shaping a more open, transparent, and user-empowered financial system.
Even amid market uncertainty and regulatory shifts, CZ reiterated his belief that DeFi is not just a trend—but the next evolution of global finance. His remarks pointed to a future where decentralized protocols challenge the dominance of centralized systems, enabling broader access and trustless innovation.
“DeFi is permissionless, unstoppable, and it's here to stay,” CZ said, encouraging builders to focus on resilience, interoperability, and community-driven growth.
The message was clear: as the space matures, CZ sees DeFi as the core pillar of crypto’s next chapter.
#Trump100Days #TRUMP $BTC 📉 Markets Slide as Trump Blames Biden Amid GDP Contraction and Tariff Turmoil
U.S. markets experienced significant declines following the release of Q1 2025 GDP data, which showed a 0.3% contraction—the first since 2022. The downturn was largely attributed to a 41.3% surge in imports, as businesses accelerated purchases ahead of President Trump's new tariffs, leading to a record trade gap.
Despite these developments, President Trump attributed the economic slowdown and market declines to the residual effects of former President Biden's policies, stating, "This is Biden’s Stock Market, not Trump’s."
Market reactions were swift: the Dow Jones Industrial Average dropped over 700 points, with the S&P 500 and Nasdaq also recording substantial losses. Economists express concerns over potential stagflation, citing rising inflation and declining activity.
For investors, these developments underscore the importance of monitoring policy changes and their potential impacts on market dynamics.