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Metaplanet shares plunged 8% after UBS reopened a short position, joining Morgan Stanley in betting against Asia’s largest Bitcoin holder. UBS had closed an earlier short but re-entered with a 73.1 million share position, underscoring mounting pressure from Wall Street as a weak Bitcoin price and Metaplanet’s sliding share price threaten to undermine both its business model and its ability to raise funds for more purchases. Investment banks including Jefferies and JPMorgan also remain short, though some peers like Goldman Sachs and Citigroup have recently cut back their positions. When investors short a stock, they are betting that its share price will drop.  Metaplanet’s share price is now down more than 31% over the past month, according to Google Finance .  Metaplanet share price (Source: Google Finance) Bitcoin is down almost 3% in the past month. Morgan Stanley Is The Biggest Short Morgan Stanley MUFG has the largest short position on the Bit...

The leading global financial service firm, Morgan Stanley, has once again issued a stark warning against the US dollar. With Trump’s multiple tariff policies circulating, the dollar shows a weakening stance ahead, with Morgan Stanley predicting a 10% drop in its value in the near future. Moreover, the firm also cites “the delayed impact of tariffs on jobs and unemployment,” which are likely to keep pressuring the dollar in the long run. Also Read: Oil and Nuclear Deals Now Set in Yuan, Not Dollars Morgan Stanley’s Ominous Dollar Prediction Source: Yahoo Finance Morgan Stanley, in its recent press note, outlined new elements hounding the US dollar. The entry was quick to emphasize how the value of the US dollar has dropped 11% against major currencies, dubbing it as one of its biggest value declines to date. “The value of the US dollar against other currencies dropped about 11% in the first half of this year, the biggest decline in more than 50 years, ending a 15-year bull cycle.” ...

Morgan Stanley’s crypto trading plans are now, at the time of writing, taking shape as the banking giant is preparing to offer cryptocurrency services through its E-Trade platform. This significant move marks an important shift in the institution’s approach to digital assets and also highlights the growing institutional crypto adoption that we’re seeing across the financial sector. Also Read: Top 3 Cryptocurrencies That May Rally This Weekend What Morgan Stanley’s Crypto Trading Means for Investors Source: Watcher Guru Traditional finance continues to embrace cryptocurrency as major institutions respond to client demand for secure crypto trading options in today’s rapidly evolving market. E-Trade Platform Opens Crypto Gateway Morgan Stanley acquired E-Trade back in 2020 through a massive $13 billion deal that essentially enhanced the bank’s online trading capabilities. And through this acquisition, direct access to a substantial retail investor base w...

Bitcoin bulls aim to push BTC price to $18,000 and options data outlines clear reasons why. Bitcoin (BTC) price jumped to $17,500 on Jan. 11, driving it to its highest level in three weeks. The price move gave bulls control of the $275 million BTC weekly options expiry on Jan. 13 because bears had placed bets at $16,500 and lower.  The recent move has perma-bulls and dip buyers calling a market bottom and potential end to the bear market but what does the data actually show? Is the Bitcoin bear market over? It might seem too pessimistic to say right now, but Bitcoin did trade below the $16,500 level on Dec. 30 and those bearish bets are unlikely to pay off as the options deadline approaches. Investors' main hope is the possibility of the U.S. Federal Reserve halting its interest rate increase in the first quarter of 2023. The Consumer Price Index (CPI) inflation report will be released on Jan. 12 and it might give a hint on whether the central bank’s effort to slow the economy...