Morgan Stanley to launch Bitcoin ETF soon
Morgan Stanley could launch a spot Bitcoin ETF any day now, according to Bloomberg analyst Eric Balchunas.
Less than a week ago, the company filed an updated S-1 registration statement with the SEC.
According to the filing, the Morgan Stanley Bitcoin Trust will trade on NYSE Arca under the ticker MSBT.
Morgan Stanley could launch a spot Bitcoin ETF any day now, according to Bloomberg analyst Eric Balchunas.
Less than a week ago, the company filed an updated S-1 registration statement with the SEC.
According to the filing, the Morgan Stanley Bitcoin Trust will trade on NYSE Arca under the ticker MSBT.
🟠 Michael Saylor hints at new BTC purchases
Strategy founder Michael Saylor posted “₿back to Work” on X, after which the market once again started talking about bullish signals for Bitcoin.
Last week, Strategy did not report any purchases. Earlier, the company bought 1,031 BTC on March 23, 22,337 BTC on March 16, and 17,994 BTC on March 9.
Strategy founder Michael Saylor posted “₿back to Work” on X, after which the market once again started talking about bullish signals for Bitcoin.
Last week, Strategy did not report any purchases. Earlier, the company bought 1,031 BTC on March 23, 22,337 BTC on March 16, and 17,994 BTC on March 9.
💰 Smart money keeps stacking BTC
Yesterday, Strategy added 13,927 BTC worth $1B at $71,902 — continuing aggressive accumulation.
🤩 Meanwhile, Nigel Farage bought £2M in BTC for the Stack BTC fund — the first public BTC purchase by an active UK MP. As leader of Reform UK, he’s also pushing against PM Keir Starmer.
💶 Capital B added 37 BTC (€2.3M), bringing total holdings to 2,925 BTC.
📈 Key insight: ~850,000 BTC (over 9% of supply) was accumulated in the $60K–$70K range this year.
Behind every “sell” headline — there’s a buyer. And they’re not small.
Yesterday, Strategy added 13,927 BTC worth $1B at $71,902 — continuing aggressive accumulation.
🤩 Meanwhile, Nigel Farage bought £2M in BTC for the Stack BTC fund — the first public BTC purchase by an active UK MP. As leader of Reform UK, he’s also pushing against PM Keir Starmer.
💶 Capital B added 37 BTC (€2.3M), bringing total holdings to 2,925 BTC.
📈 Key insight: ~850,000 BTC (over 9% of supply) was accumulated in the $60K–$70K range this year.
Behind every “sell” headline — there’s a buyer. And they’re not small.
Drift receives funding from Tether
Drift Protocol said it has secured a funding package of up to $150 million: up to $127.5 million will come from Tether, while partners will contribute another up to $20 million.
The funds will be used to compensate users after the April hack, in which more than $270 million was stolen.
After the deal, Drift plans to relaunch the protocol with USDT as its settlement asset, replacing Circle USDC.
Drift Protocol said it has secured a funding package of up to $150 million: up to $127.5 million will come from Tether, while partners will contribute another up to $20 million.
The funds will be used to compensate users after the April hack, in which more than $270 million was stolen.
After the deal, Drift plans to relaunch the protocol with USDT as its settlement asset, replacing Circle USDC.
"Winning this award tells us that what we're building actually matters to miners – and that pushes us to go further. The plan for this year is straightforward: grow the infrastructure, add capacity, and use the current market conditions to close the gap with the leaders. It's a stretch goal. We're fine with that." – Andrei Kapeikin, CTO of Neopool
Neopool is a mining pool built from the ground up by veterans of the crypto and IT industries, with the team's combined experience spanning over 20 years.
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📊 Stablecoins are being used, not just held
🔎 a16z crypto compared adjusted monthly velocity of stablecoins to their total supply — and the ratio has jumped from 2.6x to 6x over the past 2 years.
💡 Meaning: demand for transactions is growing faster than new issuance.
This is a key signal of a real payment network — where the base asset isn’t just sitting idle, but actively circulating.
📈 Translation: stablecoins are evolving from “store of value” tools into full-fledged payment rails.
🔎 a16z crypto compared adjusted monthly velocity of stablecoins to their total supply — and the ratio has jumped from 2.6x to 6x over the past 2 years.
💡 Meaning: demand for transactions is growing faster than new issuance.
This is a key signal of a real payment network — where the base asset isn’t just sitting idle, but actively circulating.
📈 Translation: stablecoins are evolving from “store of value” tools into full-fledged payment rails.
In Q1 this year, companies bought 50,351 Bitcoin — the highest quarterly total on record.
Institutional accumulation is accelerating, with corporates continuing to add BTC to their balance sheets.
Big players are doubling down — reinforcing the long-term bullish case.
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Michael Burry says today’s market is starting to look a lot like the final stage of the 1999–2000 dot-com bubble
According to Burry, the market has become completely obsessed with AI, while stocks increasingly ignore economic data and continue rising simply because they were already going up before.
He compared the current rally in the semiconductor index SOX to the tech mania before the 2000 crash. The index is already up more than 65% in 2026 alone, including a 10% jump in just one week.
Macro investor Paul Tudor Jones agrees that the AI boom resembles 1999, but believes the rally could continue for another 1–2 years before a major correction hits.
His warning: if valuations keep expanding, the eventual sell-off could be “breathtaking.”
P.S. Michael Burry’s story inspired the movie “The Big Short.”
According to Burry, the market has become completely obsessed with AI, while stocks increasingly ignore economic data and continue rising simply because they were already going up before.
He compared the current rally in the semiconductor index SOX to the tech mania before the 2000 crash. The index is already up more than 65% in 2026 alone, including a 10% jump in just one week.
Macro investor Paul Tudor Jones agrees that the AI boom resembles 1999, but believes the rally could continue for another 1–2 years before a major correction hits.
His warning: if valuations keep expanding, the eventual sell-off could be “breathtaking.”
P.S. Michael Burry’s story inspired the movie “The Big Short.”
While Jensen Huang is visiting China alongside Donald Trump and executives from major US companies, Nvidia keeps printing new all-time highs
Nvidia’s market cap has now reached $5.45T — roughly double the entire crypto market, currently sitting near $2.7T.
One Nvidia alone is now worth more than:
• Bitcoin
• Ethereum
• Tether
• and basically the rest of crypto combined.
AI chips became bigger than the entire “future of finance” narrative
Nvidia’s market cap has now reached $5.45T — roughly double the entire crypto market, currently sitting near $2.7T.
One Nvidia alone is now worth more than:
• Bitcoin
• Ethereum
• Tether
• and basically the rest of crypto combined.
AI chips became bigger than the entire “future of finance” narrative
Nexus 🤝 Binance
Binance Alpha will be the first platform to feature Nexus (NEX) on May 20.🔸
Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.
🔗 Official Links:
🌐 https://nexus.xyz
✈️ https://t.me/nexus_zkvm
🐦 https://x.com/NexusLabs
🎮 https://discord.gg/nexus-xyz
🐙 https://github.com/nexus-xyz
Binance Alpha will be the first platform to feature Nexus (NEX) on May 20.
Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.
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Has crypto detective ZachXBT finally been doxxed?
A random X user claims that the person behind the famous on-chain investigator account is allegedly a man named Zachary Wolk.
The irony is wild:
He investigated everyone for years… while nobody seriously investigated him.
The thread author says he traced ZachXBT through old local newspaper records and also pointed to roughly $5M in “donations” from wallets allegedly connected to figures who never appear in Zach’s investigations.
For now, none of the claims are officially confirmed, so the entire story should be treated carefully.
A random X user claims that the person behind the famous on-chain investigator account is allegedly a man named Zachary Wolk.
The irony is wild:
He investigated everyone for years… while nobody seriously investigated him.
The thread author says he traced ZachXBT through old local newspaper records and also pointed to roughly $5M in “donations” from wallets allegedly connected to figures who never appear in Zach’s investigations.
For now, none of the claims are officially confirmed, so the entire story should be treated carefully.
RIPPLE VS. SEN. WARREN: CRYPTO CHARTERS PUSH BACK
Sen. Elizabeth Warren has joined forces with the SAME banks she has battled for years, to target Ripple and other crypto firms holding OCC trust charters.
Warren argues: “These companies are effectively crypto banks that want to evade the fundamental safeguards and obligations that come with being a bank.”
Crypto firms are now pushing back with BitGo CEO Mike Belshe bashing Warren for attacking the very custody framework meant to prevent another FTX-style collapse.
Sen. Elizabeth Warren has joined forces with the SAME banks she has battled for years, to target Ripple and other crypto firms holding OCC trust charters.
Warren argues: “These companies are effectively crypto banks that want to evade the fundamental safeguards and obligations that come with being a bank.”
Crypto firms are now pushing back with BitGo CEO Mike Belshe bashing Warren for attacking the very custody framework meant to prevent another FTX-style collapse.