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GM!
At the moment’s prime information:
- Crypto majors fall 2-4% regardless of falling oil, shares inexperienced; BTC -2% at $80.9k
- TON and VVV proceed to outperform, ZEC cools off
- Morgan Stanley launches crypto buying and selling on ETrade, undercuts on charges
- CME to launch 24/7 buying and selling for crypto futures and choices on Might 29
- New quantum report warns Q-day might come as quickly as 2030
💸 Morgan Stanley Launches Crypto Buying and selling on ETrade
Morgan Stanley launched spot crypto buying and selling on ETrade at 50 foundation factors per transaction. At that charge degree, they’re successfully undercutting Coinbase, Robinhood, and Charles Schwab in a single transfer.
The pilot is stay now for a restricted group of customers, with all 8.6 million ETrade purchasers getting entry later this yr. Preliminary property are Bitcoin, Ethereum, and Solana—the identical three Morgan Stanley has ETF filings for. The infrastructure is powered by Zerohash, which Morgan Stanley quietly signed as its crypto rails accomplice in September.
Robinhood’s spreads sometimes run 35 to 95 foundation factors. Coinbase expenses 60 foundation factors. Schwab expenses 75 foundation factors. Morgan Stanley at 50 foundation factors undercuts all of them. Bloomberg ETF analyst Eric Balchunas commented: “This is the reason TradFi is not any joke and crypto exchanges needs to be scared.” He added that charge compression will proceed till direct crypto buying and selling is “fairly dust low-cost in all places,” mirroring what Bitcoin ETF expense ratios did earlier than launch.
Jed Finn, Morgan Stanley’s head of wealth administration, described the technique as “disintermediating the disintermediators.” That’s the important thing takeaway. Morgan Stanley isn’t coming into crypto to enhance Coinbase—it’s coming into to exchange it…
🟠 Grant Cardone Says Bitcoin Will Beat REITs
Talking at Consensus Miami on Wednesday, Grant Cardone disclosed he has added one other $100 million in Bitcoin to a $235 million multifamily actual property deal in Boca Raton—his largest single hybrid allocation so far. Cardone Capital’s complete Bitcoin publicity now sits at roughly $200 million.
The construction entails property and Bitcoin held inside the identical LLC, with rental revenue used to repeatedly accumulate extra BTC.
As for the benefit over REITs, Cardone commented. “These firms can by no means, ever maintain bitcoin on their stability sheet,” Cardone mentioned. REITs are legally required to distribute greater than 90% of taxable revenue as dividends and can’t maintain forex on their stability sheet. Cardone Capital, structured as non-public LLCs, faces no such constraint.
He projected a mixed return of “someplace between 22 and 32 %” from the hybrid mannequin, arguing that the actual property money stream removes the structural vulnerability that pure Bitcoin treasury firms face—the necessity to promote BTC or situation debt throughout downturns. “If bitcoin goes to zero, I’m not eliminating the actual property,” he mentioned.
Cardone’s longer-term goal is 10,000 BTC gathered via rental revenue alone, with a deliberate 2026 IPO of a publicly traded Bitcoin-real property treasury firm. If he can generate these 22-32% returns, one factor is for certain—demand might be excessive…
🏛️ The White Home Desires the Readability Act Signed by July 4
White Home crypto adviser Patrick Witt gave the clearest timeline but for the Readability Act at Consensus Miami on Wednesday—July 4th.
He outlined a plan together with Senate Banking Committee markup this month, 4 working Senate weeks in June for a ground vote, after which a Home vote earlier than Independence Day. “I feel that may be an incredible birthday current for America, celebrating our 250th,” Witt mentioned.
Witt confirmed the stablecoin yield compromise between Senators Tillis and Alsobrooks is “closed.” Each crypto corporations and banks are dissatisfied with the language, affirmation the proper compromise was reached.
On the ethics provision that Democrats have pushed, the White Home mentioned it helps “widespread sense guidelines” that apply “throughout the board” fairly than concentrating on any single officeholder. That’s the language designed to string the needle on the Trump household crypto pursuits with out sinking the invoice.
Prediction markets didn’t transfer on the information, with the percentages of the invoice passing in 2026 holding at 65%.
🤖 Elon Musk’s SpaceX Is Now Powering Claude
Anthropic introduced a cope with SpaceX to make use of the complete compute capability of Colossus 1 (SpaceX’s flagship information heart in Memphis), giving Anthropic entry to greater than 300 megawatts of computing capability and over 220,000 NVIDIA GPUs.
The deal is rapid, in contrast to Anthropic’s capability expansions with Amazon, Google, and Microsoft, which don’t come on-line till late 2026 or 2027.
The partnership comes as a shock as Musk has been brazenly essential of Anthropic for months, posting in February that the corporate “hates Western civilization” and calling it “misanthropic.” However maybe his hatred of OpenAI outweighs his disdain for Claude.
The deal occurred after Musk spent per week in Oakland federal court docket testifying in his OpenAI lawsuit, and apparently assembly with senior Anthropic workers in parallel. He commented: “Everybody I met was extremely competent and cared a terrific deal about doing the proper factor. Nobody set off my evil detector.”
Anthropic mentioned the deal will straight enhance capability for Claude Professional and Claude Max subscribers, eradicating peak hour restrictions and elevating API charge limits for Opus fashions. Larger image—Anthropic expressed curiosity in partnering with SpaceX to develop a number of gigawatts of orbital AI compute capability.
Information facilities in house, powered by SpaceX launch infrastructure, are the endgame.
🌎 Macro Crypto and Markets
- Crypto majors are crimson down 2-4%; BTC -2% at $80.9k; ETH -4% at $2,330; SOL flat at $89; HYPE -4% at $42.9
- VVV (+11%), ICP (+10%) and TON (+9%) led prime movers
- Oil -1% at $92; Gold +1% at $4,735
- Inventory futures are flat premarket
- The CME Group will supply crypto futures and choices across the clock beginning Might 29, extending its digital asset derivatives buying and selling to a 24/7 schedule for the primary time
- A brand new quantum report from Venture Eleven warned that Q-day is probably going by 2033 and presumably as early as 2030
- OKX introduced perpetual futures tied to OpenAI, SpaceX, and Anthropic valuations, with artificial worth publicity with no fairness rights or issuer approval
- Bermuda Premier David Burt introduced one other USDC airdrop to residents tied to subsequent week’s Bermuda Digital Finance Discussion board, alongside onboarding native retailers to simply accept stablecoin funds; the federal government is working with Coinbase and Circle to construct the world’s first absolutely onchain nationwide economic system
- ICE, OKX, and Securitize executives warned at Consensus Miami that offshore artificial tokenized shares use public firm names with out issuer approval and don’t signify actual fairness
- Tokenized US treasuries on Ethereum have doubled over the previous 6 months, now at $8B
Company Treasuries & ETFs
- The Bitcoin ETFs noticed $46M in internet inflows on Wednesday, now on a 5-day influx streak; the ETH ETFs noticed $11.5M in inflows
- Grayscale accomplished Q1 rebalancing on its DeFi and Good Contract funds, swapping out Aero for Ethena, with present holdings now UNI, AAVE, ONDO, ENA, CRV, and LDO
Meme Coin Tracker
- Meme leaders had been crimson; DOGE -5%, SHIB -3%, PEPE -1%, PENGU -6%, TRUMP -2%, BONK flat, SPX -1%, FARTCOIN +1%
- USDUC (+300%), Hanta (+750%), Tokabu (+33%) and 67 (+50%) led notable movers
💰 Token, Airdrop & Protocol Tracker
- OpenTrade raised $17 million led by Mercury Fund and Notion Capital with a16z Crypto collaborating; the London-based platform lets fintechs plug institutional stablecoin yield into their merchandise with out constructing their very own custody infrastructure
- Hyperliquid merchants have report internet lengthy publicity for 2026, rising steadily over the previous 2 months
🚚 What is going on in NFTs?
- NFT leaders are barely crimson on the day; Punks even at 31 ETH, BAYC -1% at 9.85 ETH, Pudgy -1% at 5.28 ETH; Hypurr’s -1% at 340 HYPE
- Slonks (+750%), Normies (+17%) and Rilato (+94%) led notable movers; Present of Time up 15%
- Sam Spratt’s Masks of Luci jumped to an 8 ETH ground, up 40% on the week
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