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Morgan Stanley’s proposed 0.14% ETH and SOL fees could turn the next crypto ETF race into a price fight

Morgan Stanley filed amended registration statements for proposed Ethereum and Solana ETF trusts on June 18, setting a 0.14% annual delegated sponsor fee on both products. Bloomberg senior ETF analyst Eric Balchunas described the proposed fee as the lowest among ETH and SOL products worldwide. The ETH trust, expected to trade on NYSE Arca under […]

CryptoSlateCryptoSlate•Gino Matos21 Jun

Billionaire trader Paul Tudor Jones made bank in gold. Now he calls Bitcoin the ‘best inflation hedge’

Paul Tudor Jones is heaping praise on Bitcoin. In a Wednesday appearance of the Invest Like The Best podcast, the billionaire hedge fund manager, who was one of several traders to capitalise on Bitcoin’s near 900% rise in 2020, lauded the top cryptocurrency for its ability to counter inflation. “Bitcoin is, unequivocally, the best inflation hedge that there is,” he said. “There’s only so much Bitcoin that can be mined.” Jones' commentary provides a candid glimpse into the financial trader’s thoughts on the top cryptocurrency, and more broadly attitudes among institutional investors. He’s by far from the only finance heavyweight to endorse Bitcoin. Blackrock CEO Larry Fink has on multiple occasions advocated for Bitcoin and praised its unique value. He’s previously called it “digital gold” and recommended institutions allocate around 5% to it. Analysts at several other Wall Street firms, including JPMorgan, Morgan Stanley, and Fidelity, have also recognised Bitcoin’s value as an inflation hedge, although some argue its effectiveness in this regard can be context-specific, and not guaranteed in all environments. Better than gold? Jones, now 71, got his start trading commodities in the 1970s. At age 26, he founded the Tudor Investment Corporation, which focused on making large bets on currencies, interest rates, commodities, and stock indices based on macroeconomic trends. The fund was a roaring success, and returned over 100% annually in its first five years operating. Drawing from this background, Jones sees Bitcoin’s main competitor as gold, which is widely viewed as a hedge against the inflation of national currencies. He argues that Bitcoin is better as an inflation hedge because its supply is capped at 21 million. The supply of gold, on the other hand, keeps on growing. “In terms of it being a great inflation hedge, gold is increasing in supply every year by about a couple of percent,” he said. “Bitcoin — there’s a finite amount that can be mined, it’s decentralised, so in that sense, it has the greatest scarcity value of anything.” Bitcoin risks While a Bitcoin fan, Jones is not unaware of the asset’s downsides. “The problem with it as an inflation hedge is that if you got into a kinetic exchange, there’s clearly going to be cyber warfare. Anything that you have to deal with electronically is going down, including Bitcoin,” he said. Then there’s the mounting threat of quantum computers, which could theoretically break the encryption that underpins not just Bitcoin, but large swathes of the world’s digital infrastructure. “Who knows if and when, with AI advancing as fast as it is, that we may actually have quantum computing,” Jones said. “Someone can come in and hack any bank, can hack anything they want to.” A June report from consulting firm McKinsey & Company predicts that based on the current rate of development, a quantum computer with the ability to threaten Bitcoin could be developed as early as next year. Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out with tips at tim@dlnews.com .

DLNewsDLNews•Tim Craig29 Apr

ZEC Rebounds 11%! Trump says he won’t pardon Sam Bankman-Fried! Florida revisits it’s Strategic Bitcoin Reserve!

Crypto majors are mostly flat ahead of today’s supreme court opinion on the trump tariffs; btc +1% at $90,300; eth 13% at $3,090, sol +3% at $138; xrp +1% to $2.10. Polygon (+11%), zec (+11%) and syrup (+7%) led top movers. Jpmorgan said the recent bitcoin and ethereum sell-off may be bottoming, pointing to improving positioning and easing downside pressure after early-year weakness. Bank of america analysts upgraded coinbase to buy, citing improved regulatory clarity, growing institutional adoption, and stronger long-term earnings visibility. Morgan stanley is planning to launch a digital wallet later this year that could support tokenized assets, including private company equity. Florida lawmakers renewed their push for a state-level bitcoin reserve. Ethereum’s validator exit queue fully cleared, easing delays that had impacted liquid staking protocols and validator withdrawals. Polygon labs unveiled the open money stack, an initiative designed to streamline stablecoin payments. Polygon is reportedly close to acquiring coinme, a major bitcoin atm operator. Trump said that he won’t pardon ftx founder sam bankman-fried.

DecryptDecrypt9 Jan