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Crypto prices fall 36 percent in first half while related stocks rise 23 percent: what happened?

Cryptocurrency prices fell 36 percent in the first half of this year, while listed crypto-related companies moved in the opposite direction, posting double-digit returns, a report showed. The Bitwise Crypto Innovators 30 Index gained 23 percent over the same period, Bitwise said. The firm cited shifts within the industry, including bitcoin miners benefiting from data-centre demand tied to AI infrastructure, and growth in stablecoins, real-world asset tokenisation and prediction markets.

Crypto

Morgan Stanley moves to set up digital asset trust bank, internalise custody and staking

Morgan Stanley has begun procedures to establish a trust bank aimed at bringing cryptocurrency custody, staking and collateral support for lending inside the group. CryptoSlate reported that the Office of the Comptroller of the Currency gave preliminary conditional approval in June for a national trust bank dedicated to digital assets. The proposed unit, Morgan Stanley Digital Trust, would handle asset safekeeping, transaction administration, trustee-style staking and collateral management. Final approval requires capital and liquidity requirements, including at least $50 million in core capital.

Crypto

Bitcoin could slide to $40,000; NYDIG says $38,000 possible in October

Bitcoin could fall to $38,000 to $39,000 in October if it continues to mirror past bear markets, an outlook said, with weakness linked to shifts in supply structure rather than simple risk-off sentiment. NYDIG said bitcoin has fallen about 30 percent this year and about 50 percent from its October record. It also noted unusually low volatility and changing correlations, while U.S. regulatory developments were cited as a potential support.