Big Moves in Crypto: Banks and Companies Make Bold Plays

Morgan Stanley is making a significant move into the crypto space by filing for its own bitcoin and solana ETFs. This development highlights the growing interest of major banks in digital assets.

• Morgan Stanley already allows clients to trade crypto ETFs from other companies but is now looking to create its own.
• The solana ETF is particularly noteworthy as it plans to stake some of its holdings, similar to earning dividends in traditional finance.

World Liberty Financial Plans National Trust Bank for Stablecoin Operations

World Liberty Financial is setting up a national trust bank specifically for stablecoin operations. The bank aims to issue USD1, a stablecoin already worth over $3.3 billion. Services will include custody and stablecoin conversion for major players in the crypto industry.

Coincheck Group Acquires Canadian Digital Asset Manager 3iQ

Coincheck Group is acquiring 3iQ, a Canadian digital asset manager. This acquisition could help Coincheck expand its services and attract more institutional investors. The deal is expected to close in Q2 2026, pending regulatory approval.

Strategy Adds 1,283 Bitcoin to Its Massive Holdings

Strategy, known for holding a large amount of bitcoin, recently added 1,283 bitcoin in early January, bringing its total to over 673,000 bitcoin. This move signals continued confidence in bitcoin despite recent price declines.

Coinbase Receives Mixed Analyst Reviews

Coinbase, a leading crypto exchange, has seen mixed analyst ratings:

• Some analysts upgraded their ratings and price targets, highlighting Coinbase's strong market position.
• Others downgraded due to slower trading volumes and lower bitcoin prices.

Other Crypto News

• Gemini and Circle Internet have seen changes in price targets.
• New partnerships and initiatives continue to shape the evolving crypto landscape.