Morgan Stanley, the largest wealth manager in the United States, is likely to face intense compliance scrutiny after permitting its entire team of financial advisers to start pitching spot Bitcoin exchange-traded funds (ETFs). This move has drawn criticism from crypto skeptic John Reed Stark, a former U.S. Securities and Exchange Commission (SEC) official.
“By unleashing its legion of 15,000 brokers to pitch Bitcoin, Morgan Stanley has just voluntarily subjected themselves to what will likely become the largest SEC and FINRA examination sweep in history,” Stark wrote in an August 9 statement on X (formerly Twitter). He added, “Identifying violations will be like shooting fish in a barrel. So whoever Morgan Stanley’s current compliance director is — well, good luck with that.”
Stark explained that both the SEC and the Financial Industry Regulatory Authority (FINRA) will have immediate access to all records, documents, emails, texts, voicemails, and phone conversations related to Morgan Stanley’s Bitcoin sales to retail investors. “This resplendent, abundant, and easily accessible treasure trove of evidence will be available to the SEC and FINRA not only with the click of a mouse in the form of a request for documents or testimony but also upon demand during an on-site surprise ‘for-cause’ inspection,” Stark warned, calling the move “Morgan Stanley’s death wish.”
The criticism follows reports that Morgan Stanley authorized its 15,000 financial advisers to start recommending spot Bitcoin ETFs to high-net-worth clients. A source familiar with the matter confirmed to Cointelegraph on August 7 that the firm plans to endorse two Bitcoin ETF products: BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund.
Crypto industry commentators believe Morgan Stanley’s move could be significant for Bitcoin. Haseeb Qureshi, managing partner at crypto venture fund Dragonfly, commented on X, “Expect to see some chunkier inflows in the second half of the year,” adding, “Can you imagine how big this is?”
Since the approval of spot Bitcoin ETFs on January 11, they have attracted $17.3 billion in inflows, according to data from Farside.
Trump Rides Doge could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Rides Doge (TRUMPDOGE), a new Solana memecoin that was launched recently, is poised to explode over 17,000% in price in the coming days.
This is because TRUMPDOGE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Rides Doge can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Rides Doge could become the next viral memecoin.
Trump Rides Doge launched with over $3,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Rides Doge on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Rides Doge by entering its contract address – HyXezze9ZQPGxAPwY3NcJpFUbLpYT4ckbkwKQuB2fijW – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPDOGE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
New Pepe could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
New Pepe (NEWPEPE), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.
This is because NEWPEPE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, New Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and New Pepe could become the next viral memecoin.
New Pepe launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy New Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for New Pepe by entering its contract address – FoLAyD1Jr7TVitmAuJBSJMSaLriWhc1qShbzcLNQHtA1 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like NEWPEPE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether, accusing the company of misappropriation of assets and seeking approximately $3.5 billion in Bitcoin returns, damages, and legal fees.
Tether reports that Celsius is seeking the return of about $2.4 billion worth of Bitcoin. However, court documents reveal that Celsius is asking for relief in the form of 57,428.64 BTC, or its current market value, plus damages and legal fees.
The lawsuit stems from a loan agreement during Celsius’ bankruptcy proceedings, where Tether loaned Celsius a specific amount of Tether (USDT), the company’s stablecoin. In exchange, Celsius provided 39,542.42 BTC as collateral. As Bitcoin’s price declined, Celsius was required to provide additional collateral to avoid liquidation, according to the agreement between the two parties.
Celsius alleges that Tether liquidated the Bitcoin at a price that just covered the debt, without giving Celsius the chance to provide the necessary collateral.
In response, Tether has dismissed the lawsuit as baseless, calling it a “shake down” and pledging to “vigorously defend” itself against the allegations. In a blog post, Tether stated that Celsius had actually directed them to liquidate the BTC collateral after choosing not to provide additional collateral: “When Celsius chose not to post additional BTC, it directed Tether to liquidate the BTC collateral Tether held in order to close out its roughly 815 million USD₮ position with Tether.”
Tether also reassured its USDT stakeholders, citing its $12 billion in consolidated equity and stating that even in the unlikely scenario that the lawsuit progresses, Tether token holders would not be impacted.
The exact amount Celsius is seeking appears to be under debate. While Tether’s blog post mentions 39,542.42 BTC, worth around $2.4 billion as of August 10, the legal filing indicates that Celsius is also seeking the return of two other Bitcoin transfers made during the same period, totaling 57,428.64 BTC. At a price of $60,627 per BTC, this amounts to roughly $3.48 billion.
Additionally, Celsius is seeking at least $100 million in damages, plus further damages to be determined at trial, along with legal fees.
Jesus Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Jesus Pepe (PEPEJES), a new Solana memecoin that was launched recently, is poised to explode over 15,000% in price in the coming days.
This is because PEPEJES is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Jesus Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Jesus Pepe could become the next viral memecoin.
Jesus Pepe launched with over $19,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Jesus Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Jesus Pepe by entering its contract address – J4WnbiDvWNQv4s1f6L4ypTrcTzrkvQDqnYv1NmThzWKY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEJES.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The legal battle involving Tornado Cash developer Alexey Pertsev has reached a crucial stage as he urgently seeks additional funding to continue his defense for privacy rights and the freedom to publish code.
Pertsev, who was arrested two years ago and is now engaged in a high-stakes legal dispute, faces significant challenges against well-resourced government forces pursuing his prosecution. According to a support account for Pertsev and his co-developer Roman Storm, Pertsev has exhausted his financial resources. “It’s time to take a stand with Alexey and fight for what’s right,” the account stated, emphasizing the need for between $750,000 and $1 million to cover ongoing legal expenses.
The crypto community has shown strong support for Pertsev and Storm, both of whom have been charged with money laundering, sanctions violations, and operating an unlicensed money-transmitting business through the Tornado Cash crypto mixing service. This support led to the creation of JusticeDAO, an advocacy group dedicated to raising funds for the developers’ legal defenses. By June 19, the group had raised over 654 Ether (approximately $2.3 million at that time) through a fundraiser titled “Free Alexey & Roman” on the decentralized platform Juicebox.
Additionally, another 70 Ether was raised via the JusticeDAO page. Juicebox has maintained transparency by releasing a publicly available spreadsheet detailing the expenses of the “Free Alexey & Roman” fund, which shows that $1.39 million was spent on legal fees between December 2023 and May 2024.
Despite these efforts, the financial burden of Pertsev’s legal battle remains substantial. He continues to be incarcerated after being denied bail, and his legal team is preparing to appeal the charges of money laundering. Complicating matters, Pertsev’s request to access a computer to prepare for his appeal was denied, highlighting the difficulties he faces in mounting an effective defense.
Pertsev was found guilty of money laundering by the ‘s-Hertogenbosch Court of Appeal in the Netherlands on May 14, receiving a sentence of five years and four months in prison. The court ruled that Pertsev laundered $1.2 billion worth of illicit assets through Tornado Cash. This verdict followed a November 2023 ruling in which a Dutch court denied Pertsev’s request for release under surveillance, citing concerns that he posed a flight risk.
During his March trial, Pertsev argued that he should not be held responsible for the actions of individuals who used the Tornado Cash protocol for illegal activities. However, the court rejected this argument, stating that Pertsev and his co-founders could have taken additional measures to prevent the protocol’s criminal misuse.
Trump Rides Doge could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Rides Doge (TRUMPDOGE), a new Solana memecoin that was launched recently, is poised to explode over 17,000% in price in the coming days.
This is because TRUMPDOGE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Rides Doge can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Rides Doge could become the next viral memecoin.
Trump Rides Doge launched with over $3,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Rides Doge on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Rides Doge by entering its contract address – HyXezze9ZQPGxAPwY3NcJpFUbLpYT4ckbkwKQuB2fijW – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPDOGE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
New Pepe could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
New Pepe (NEWPEPE), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.
This is because NEWPEPE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, New Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and New Pepe could become the next viral memecoin.
New Pepe launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy New Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for New Pepe by entering its contract address – FoLAyD1Jr7TVitmAuJBSJMSaLriWhc1qShbzcLNQHtA1 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like NEWPEPE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Jesus Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Jesus Pepe (PEPEJES), a new Solana memecoin that was launched recently, is poised to explode over 15,000% in price in the coming days.
This is because PEPEJES is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Jesus Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Jesus Pepe could become the next viral memecoin.
Jesus Pepe launched with over $19,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Jesus Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Jesus Pepe by entering its contract address – J4WnbiDvWNQv4s1f6L4ypTrcTzrkvQDqnYv1NmThzWKY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEJES.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Rides Doge could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Rides Doge (TRUMPDOGE), a new Solana memecoin that was launched recently, is poised to explode over 17,000% in price in the coming days.
This is because TRUMPDOGE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Rides Doge can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Rides Doge could become the next viral memecoin.
Trump Rides Doge launched with over $3,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Rides Doge on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Rides Doge by entering its contract address – HyXezze9ZQPGxAPwY3NcJpFUbLpYT4ckbkwKQuB2fijW – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPDOGE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.