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Crypto

$124 trillion baby boomer wealth shift could reshape crypto market

An analysis says the transfer of about $124 trillion in U.S. household wealth over the next two decades could significantly alter long-term demand in the cryptocurrency market. It argues that the shift of assets to younger generations may be a structural growth driver for bitcoin and other digital assets, outweighing short-term factors such as ETF approvals or interest rate cuts. Surveys show millennials and Generation Z have higher crypto ownership and allocation rates than older cohorts.

Crypto

Morgan Stanley partners with Galaxy Digital on crypto lending and ETP conversion

Morgan Stanley Wealth Management has launched a service that allows high-net-worth clients to lend cryptocurrencies to Galaxy Digital and receive stakes in spot cryptocurrency exchange-traded products (ETPs). Customers can convert bitcoin, ether and solana into ETPs without cashing out, Morgan Stanley said. It said onboarding time can be cut by up to 75 percent. Galaxy lowered the minimum transaction amount for Morgan Stanley-referred clients to $5 million from $25 million.

Industry

With 3 million won, retail investors can buy SpaceX shares; five cautions for overseas stock buyers

SpaceX plans to sharply expand the portion of IPO shares allocated to retail investors, potentially up to 30 percent, Bloomberg reported. Subscriptions will be taken through brokers including Charles Schwab, Fidelity and Robinhood, with Fidelity allowing accounts with at least $2,000. The article flags potential oversubscription, post-listing volatility, restrictions on quick resale, historical limits of first-day gains, the company’s debt and losses, concentrated voting control by Elon Musk, and possible ticker confusion with Virgin Galactic.