Bitpush Daily News Digest: Morgan Stanley Plans to Launch Crypto Wallet in Second Half of 2026; Trump Says He Has Decided on Fed Chair Nominee; Arthur Hayes: BTC Will Reach $1 Million; New York Times: Trump Says No Plans to Pardon SBF

比推Published on 2026-01-09Last updated on 2026-01-09

Abstract

Morgan Stanley plans to launch a digital wallet by the second half of 2026 to support tokenized assets, following its recent ETF filings for BTC, ETH, and SOL. Former President Trump stated he has decided on his nominee for the next Federal Reserve Chair but has not disclosed the name. BitMEX co-founder Arthur Hayes predicts BTC will reach $1 million. Trump also confirmed he has no plans to pardon the imprisoned former FTX CEO, Sam Bankman-Fried. Meanwhile, the CFTC has approved Bitnomial to launch prediction markets for digital assets and macroeconomic indicators in the U.S., joining other platforms like Polymarket and Gemini. Analysts, including those from Charles Schwab, suggest Bitcoin may continue trading sideways until broader institutional adoption, potentially driven by future regulatory developments, takes hold.

Bitpush editor's daily selection of Web3 news:

【Morgan Stanley Plans to Launch Digital Wallet in Second Half of 2026】

Bitpush News, according to Barron's, Morgan Stanley plans to launch a crypto wallet in the second half of 2026 to support tokenized assets. Earlier this week, the investment bank filed registration statements for its ETFs based on BTC, ETH, and SOL.

Jed Finn, Head of Morgan Stanley Wealth Management, told Barron's: "This really signals an impending change in how financial services infrastructure operates. Over time, as our infrastructure evolves, we will be better able to integrate the traditional finance (TradFi) and decentralized finance (DeFi) ecosystems."

In September last year, Morgan Stanley participated in Zerohash's $104 million Series D-2 funding round. This partnership will enable the E-Trade platform to trade BTC, ETH, and SOL, with Zerohash expected to launch the service in the first half of 2026.

【Trump Says He Has Decided on Federal Reserve Chair Nominee】

Bitpush News, US President Donald Trump, in an interview with The New York Times, stated that he has decided whom to nominate as the next Federal Reserve Chair but did not reveal the choice. "I have a decision in my mind," he said, "but I haven't spoken to anyone about it yet." When asked about his chief economic advisor, Hassett, Trump said "I don't want to say," but called Hassett "absolutely one of the people I like."

Whoever Trump chooses, the next Fed Chair will take over an institution at a critical juncture, caught in the center of an unprecedented and intense pressure campaign by the President to significantly lower interest rates. Prediction market Kalshi currently shows Kevin Warsh has a 41% probability of becoming Fed Chair, Kevin Hassett 39%, and Christopher Waller 12%.

【Arthur Hayes: BTC Will Reach $1 Million】

Bitpush News, BitMEX co-founder Arthur Hayes stated on platform X that the price of BTC will reach $1 million.

【New York Times: Trump Says No Plans to Pardon SBF】

Bitpush News, US President Donald Trump said in a New York Times interview that he has no plans to pardon Sam Bankman-Fried (SBF), the imprisoned former CEO of FTX, despite SBF's attempts to seek a pardon.

SBF was convicted on multiple fraud and conspiracy charges in 2023 during the Biden administration for stealing billions of dollars in customer funds from his now-bankrupt cryptocurrency exchange, FTX. He is currently serving a 25-year prison sentence and is attempting an appeal.

【US CFTC Approves Bitnomial to Launch Prediction Market Business】

Bitpush News, US derivatives trading and clearing platform Bitnomial received a "no-action letter" from the US Commodity Futures Trading Commission (CFTC) on January 8, approving the launch of prediction market products in the US based on digital asset price movements and macroeconomic indicators. Users can trade related contracts through its exchange and clearinghouse to predict and hedge risks related to crypto market and macroeconomic developments.

Previously, several institutions including Polymarket, PredictIt, LedgerX, DraftKings, and Gemini have successively obtained similar approvals. These developments are seen as an important signal of US support for the development of prediction markets within a compliant framework.

It is worth noting that although this approval was completed during the tenure of new CFTC Chairman Mike Selig, the "no-action letter" is only a non-binding staff-level permission and does not constitute formal regulatory approval of the business model. Nevertheless, this progress still means competition in the US compliant prediction market space will further intensify.

【Charles Schwab Analyst: BTC May Continue Sideways This Year, Awaiting Institutional Funds for a Breakthrough】

Bitpush News, Bitcoin has recently continued to fluctuate in the $85,000-$90,000 range, with several analysts believing the sideways trend may continue. Hashdex pointed out that short-term potential catalysts need attention, such as US monetary policy or crypto legislation progress.

Charles Schwab analyst Jim Ferraioli said: "For cryptocurrencies, this year might be relatively flat. From the low in November 2022 to the intraday high of $126,000 last October, Bitcoin rose 8-fold in three years. The market is still digesting this gain. It's currently primarily driven by ETF flows, but true institutional investors have not entered the market on a large scale yet. Once relevant legislation is introduced, this could become the next driver for a sustained rise in Bitcoin's price."

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Original link:https://www.bitpush.news/articles/7601183

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Wall Street's Most Famous 'Cassandra' Now Has His Sights Set on Nvidia

Michael Burry, the famed "Big Short" investor, has once again captured Wall Street's attention with a series of short positions against major tech and semiconductor stocks, most notably Nvidia. In late June and July, through his "Cassandra Unchained" newsletter, Burry disclosed short bets against Nvidia, Tesla, Applied Materials, Caterpillar, the SOXX semiconductor ETF, and later, Micron Technology. His core thesis revolves around potential distortions in the AI infrastructure boom, specifically questioning whether extended depreciation schedules (e.g., 6 years vs. a realistic 2-3 years for AI chips) by cloud giants like Microsoft and Google artificially inflate profits. He also raises concerns about possible "off-balance-sheet circular financing," where chip demand might be propped up by vendor-backed funding to clients. Nvidia's stock experienced volatility following these disclosures, briefly dipping but largely holding near Burry's reported entry points, leaving his positions roughly flat or slightly underwater as of late July. This move is part of a pattern for Burry, whose track record since his legendary 2008 bet is mixed. He has faced notable losses, such as on Tesla in 2021, while scoring on broader market turns like the 2020 pandemic crash. His methodology focuses intensely on free cash flow and scrutinizing original financial documents to spot overvaluation and structural risks, but it often struggles with timing the market. The article contrasts Burry's stance with other prominent investors. Steve Eisman, another "Big Short" figure, is not shorting Nvidia, citing strong fundamentals but expressing nervousness about sustainability. Jim Chanos agrees with the broad "accounting mismatch" concern—comparing it to the dot-com bubble—but targets financial leverage in private equity firms rather than the chip stocks themselves. While Nvidia's short interest remains relatively low at 1.3-1.4% of float, the massive stock size means absolute short losses have been significant, exceeding $5 billion earlier this year. The piece concludes that for ordinary investors, the key takeaway is not replicating specific short bets but learning from the critical frameworks these investors use: questioning rosy accounting, identifying structural vulnerabilities, and maintaining skepticism during market euphoria, even if pinpointing the exact catalyst for a downturn remains elusive.

marsbit26m ago

Wall Street's Most Famous 'Cassandra' Now Has His Sights Set on Nvidia

marsbit26m ago

Weekly Selection丨Epic Stock Market Volatility, Changxin Tech's IPO Reshapes Storage Landscape, Saylor Aims to Re-Anchor STRC Around September 8th

PANews Weekly Digest: Market Turmoil, Tech Breakthroughs, and Crypto Developments. The week saw significant volatility across global markets. South Korea's KOSPI index experienced extreme turbulence, including multiple trading halts, largely driven by sharp declines in AI hardware stocks like SK Hynix. In contrast, China's Changxin Xinqiao (CXC) achieved a landmark IPO with a market cap surpassing 4 trillion yuan, marking a major success for the domestic DRAM industry after a decade of losses. In the crypto and Web3 space, several key narratives emerged. AI is driving demand for new infrastructure, with projects like AI agent wallets and programmable payments gaining traction, attracting interest from firms like Coinbase. The Bitcoin mining sector is pivoting, with companies like MARA focusing on energy management as electricity becomes a core AI-era asset. Meanwhile, the RWA (Real World Assets) sector faces a "utilization puzzle," with hundreds of billions in on-chain assets remaining dormant. Notable market movements included a historic single-day surge of over 17% for the KOSPI index and a significant migration of $16.5 billion in staked ETH within the Lido ecosystem. Michael Saylor announced a target to re-peg the STRC stablecoin around September 8th. Other highlights include discussions on Ethereum's ambitious 2030 roadmap for scaling and privacy, analysis showing high protocol revenues not always translating to token price gains, and warnings from Citi about potential extreme commodity price shocks by late 2026.

marsbit31m ago

Weekly Selection丨Epic Stock Market Volatility, Changxin Tech's IPO Reshapes Storage Landscape, Saylor Aims to Re-Anchor STRC Around September 8th

marsbit31m ago

When the Market Begins to Question AI Capex: A Full Analysis of Q2 Earnings Reports from Five Tech Giants

In late July 2026, five major US tech giants—Alphabet, Intel, Microsoft, Meta, and Apple—released their Q2 earnings reports. While all companies exceeded revenue and profit expectations, driven by strong AI-related business growth, investor reactions diverged sharply due to concerns over escalating AI capital expenditures (capex) and their impact on free cash flow. Alphabet reported strong revenue growth and a surging cloud business, but its stock fell after announcing a doubled year-on-year capex and negative quarterly free cash flow for the first time. Intel posted its strongest revenue growth in over 15 years, but its stock experienced volatile trading after significantly raising its full-year capex guidance. Microsoft saw its stock surge after beating estimates and, crucially, lowering its capex forecast while projecting positive free cash flow. Meta faced the most severe sell-off as its profits declined despite revenue beats, with free cash flow plunging over 90% and its capex guidance raised. Apple reported record June-quarter results, but its stock plummeted after providing Q4 revenue guidance that fell short of expectations, citing supply chain constraints and forex headwinds. The overall takeaway is that the market's focus has shifted from validating AI demand to scrutinizing the timeline for returns on massive AI investments. Companies demonstrating a clearer path to managing capex and preserving free cash flow, like Microsoft, were rewarded, while those signaling continued aggressive spending faced investor skepticism.

Odaily星球日报40m ago

When the Market Begins to Question AI Capex: A Full Analysis of Q2 Earnings Reports from Five Tech Giants

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a16z: From Companies to DAOs, DUNA May Become the Next Generation Organizational Form

This article, "From Companies to DAOs: How DUNA Could Become the Next Organizational Form," traces the 500-year evolution of business collaboration. It begins with medieval structures like the *commenda* and Florentine *compagnia*, which exposed partners to personal risk. The modern corporation, exemplified by the Dutch East India Company (VOC), was a revolutionary leap, enabling large-scale, capital-intensive ventures by offering limited liability and reducing coordination costs. However, corporations introduced new challenges like principal-agent problems and bureaucratic overhead. The piece argues that software and internet-native protocols are now reducing these traditional overheads. Decentralized Autonomous Organizations (DAOs) emerged as a new model for coordination without centralized management. Yet, DAOs face a significant legal vacuum: they lack legal recognition, leaving members exposed to unlimited personal liability, and their tokens are vulnerable to being classified as securities under unclear regulations (e.g., the Howey Test). This has forced projects into suboptimal workarounds like offshore foundations. The article identifies the Decentralized Unincorporated Nonprofit Association (DUNA) as a potential solution. Recently legalized in states like Wyoming, the DUNA provides a legal wrapper for decentralized networks. It grants key protections—legal personality, limited liability, and perpetual existence—to a group without imposing a traditional hierarchical management structure. This allows token-holder communities to govern, hold assets, and contract as a single legal entity, aligning with their decentralized nature. While DUNA doesn't solve all governance challenges or magically resolve securities law questions, it represents a crucial step. It fills the legal recognition gap, offering a native legal form for internet-scale, decentralized collaboration and extending the separation of personal risk from organizational venture into a new domain.

marsbit1h ago

a16z: From Companies to DAOs, DUNA May Become the Next Generation Organizational Form

marsbit1h ago

2026 Mid-Year Report On-Chain RWA: Tokenized Stock Market Cap Doubles in a Year, But 90% of Rights Are Hollow Shells

The 2026 Mid-Year Report on On-Chain RWA highlights a significant growth in tokenized stock market capitalization, which nearly doubled from $951 million in March to $1.89 billion by July. However, the report reveals a fundamental contradiction in this "layer 2.5" ecosystem: products with the strongest legal foundation (like regulated U.S. infrastructure) lack liquidity and distribution, while freely tradable offshored wrapper products often lack substantive ownership rights. The increase is driven largely by a few products (SECZ, FGRS, STRCx) and platforms (Ondo, xStocks, Securitize collectively hold over 85% share). While distributed value across networks like Ethereum, Solana, and BNB Chain has grown, the market remains fragmented. Products referencing the same underlying asset (e.g., Apple stock) are distinct legal liabilities with different intermediaries and jurisdictional rules, offering varying degrees of legal claim. The report cautions that headline numbers are misleading, as they reflect changes in distributed token value—driven by issuance, conversions, and price movements—not pure investor inflows. True "canonical shares" with legal ownership, wide wallet distribution, institutional liquidity, and independent on-chain price discovery do not yet exist at scale. Tokenized treasuries show stronger product-market fit, and ETFs may be easier to scale than single stocks. The core takeaway is a trade-off: legal certainty versus liquidity and composability.

marsbit2h ago

2026 Mid-Year Report On-Chain RWA: Tokenized Stock Market Cap Doubles in a Year, But 90% of Rights Are Hollow Shells

marsbit2h ago

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