Morgan Stanley Taps Coinbase and BNY for Custody in Proposed Bitcoin ETF
Morgan Stanley’s proposed Bitcoin Trust would use Coinbase Custody and BNY for digital asset safekeeping, with BNY also serving as administrator and cash custodian.
A cryptocurrency exchange is a platform where users can buy, sell, and trade digital assets. Exchanges can be centralized, offering user-friendly interfaces and custodial services, or decentralized, allowing peer-to-peer trading through smart contracts. They serve as key gateways between traditional finance and the crypto market. Liquidity, security, and regulation vary widely across exchanges. Choosing the right exchange is a critical decision for crypto users.
Morgan Stanley’s proposed Bitcoin Trust would use Coinbase Custody and BNY for digital asset safekeeping, with BNY also serving as administrator and cash custodian.
Investor Ray Dalio said gold remains the dominant reserve asset and questioned Bitcoin’s role as a long-term safe haven, citing privacy and structural concerns.
A Bitcoin Policy Institute study of 36 AI models found Bitcoin was the most preferred monetary instrument overall, while stablecoins led in payment-focused scenarios.
CoinMarketCap has introduced four AI-focused products that allow autonomous agents to access real-time crypto market data through Model Context Protocol integration and crypto-based payments.
A consortium of European banks is engaging crypto exchanges and liquidity providers ahead of a planned euro-pegged stablecoin launch in 2026.
Tether and USD Coin dominate the stablecoin market, representing nearly 80% of the total $315 billion capitalization across nine major tokens.
ProShares’ GENIUS money market ETF posted $17 billion in first-day volume, highlighting rising demand for cash-management vehicles as tokenized funds and stablecoins reshape liquidity markets.
US lender Rate has introduced a mortgage product that allows verified cryptocurrency holdings to count toward underwriting requirements without requiring liquidation.
Lawmakers in South Korea are pressuring regulators after Bithumb mistakenly credited users with 620,000 BTC, raising concerns over oversight, operational controls, and the country’s digital asset…
BlackRock has begun seeding its proposed Ethereum staking ETF, signaling deeper institutional integration of yield-bearing crypto products as demand shifts beyond spot exposure.