Morgan Stanley to let all clients invest in crypto

$2 billion bidding war for BVNK

According to reporting from Fortune, Coinbase and Mastercard are separately in advanced talks to acquire London-based stablecoin startup BVNK. The insider chatter is that Coinbase currently has the winning bid (perhaps due to the fact that the company is already an investor in BVNK), but of course that could change at any time. Regardless of the price, Stripe’s acquisition of Bridge is starting to look like the steal of the year. Read more →

Digital asset allocations on the rise

Nearly 60% of institutional investors plan to increase their digital asset exposure in the coming year and average exposure is expected to double within three years, according to a new report from asset manager State Street. Asset Managers (firms that manage money for clients) are further along the adoption curve in comparison to Asset Owners (pensions, endowments, insurers) according to the survey. Managers are twice as likely to hold 2-5% in BTC, three times as likely to have >5% in ETH and, surprisingly, five times more likely to own smaller altcoins. Read more →