Crypto Biz: Wall Street turns the key
Crypto’s integration with traditional finance is accelerating as major banks expand their crypto services. Morgan Stanley plans to launch crypto trading through ETrade in 2026, allowing clients to buy Bitcoin, Ether, and Solana. CEO Jamie Dimon of JPMorgan expressed a cautious stance on stablecoins, noting their potential demand but not seeing them as a threat. The Commodity Futures Trading Commission (CFTC) is exploring allowing tokenized assets as collateral in derivatives markets, with public feedback open until October 20. Meanwhile, Michael Saylor predicts that institutional demand will push Bitcoin prices higher in Q4, despite recent volatility. He emphasized that corporate treasuries are buying Bitcoin to enhance their capital structure, particularly after the April 2024 halving, which will limit supply to 900 BTC per day.
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