BNY Mellon to act as administrator, transfer agent and cash custodian for Morgan Stanley’s proposed Bitcoin Trust.

BTC jumped to $71,800 as investors turned to haven assets in light of the escalating Middle East conflict and renewed strength in altcoins.

Surging trading volume in STRC suggests strong bitcoin buying by the largest publicly traded holder of the cryptocurrency.

Bitcoin climbed above $71,000, gaining more than 6 percent in 24 hours and leading broad advances in major cryptocurrencies.

The Bridgewater founder dismissed bitcoin’s safe-haven credentials on the same day gold dropped 3% while bitcoin fell less than 1%.

Bitfinex analyst argue that ETF inflows can be misread as immediate spot demand.

The largest cryptocurrency briefly reclaimed the top of its range on Tuesday before sellers pushed it back to $67,000, while South Korean stocks posted their worst two-day drop since 2008.

The company added managed custody, virtual account collections, and fiat-to-stablecoin settlement capabilities, positioning itself as a single provider for enterprise digital asset payments across 60 markets.

Nuclear weapon-themed markets aren’t new on the prediction market platform, but public outcry about the contracts has apparently forced the platform to delete them.

Market maker Enflux says traders are not pricing catastrophe or resolution to the conflict in the Middle East, while Glassnode data shows improving spot demand but cautious derivatives positioning.