Morgan Stanley expands crypto fund access for all wealth clients

11 Mwezi wa kumi, 2025 Imeripotiwa na AI

Morgan Stanley announced on October 10 that starting October 15, its financial advisors can offer cryptocurrency funds to any wealth management client, regardless of account type or asset level. This policy shift removes prior restrictions limiting access to high-net-worth individuals with aggressive risk profiles. The change aligns with evolving U.S. regulatory approvals for crypto exchange-traded funds.

UK lifts ban on retail access to crypto ETNs

9 Mwezi wa kumi, 2025 Imeripotiwa na AI

The UK's Financial Conduct Authority has ended its four-year ban on retail investors accessing bitcoin and crypto exchange-traded notes, effective October 8, 2025. This allows firms to offer these products on approved exchanges like the London Stock Exchange. The move could boost the UK crypto market by up to 20%, according to research.

Insurers limit coverage for AI firms amid rising lawsuits

OpenAI and Anthropic are exploring the use of investor funds to cover potential multibillion-dollar lawsuit settlements, as insurers hesitate to provide full protection for AI-related risks. The companies face significant legal challenges, including copyright infringement and wrongful death claims. This development highlights the growing insurance gap for emerging AI technologies.

BNB token outperforms bitcoin and ethereum this year

Binance's native token BNB has risen 129% over the past year, surpassing bitcoin's 97% and ethereum's 84% gains. This performance comes amid growing adoption on the BNB Chain and new initiatives like the Aster exchange. However, some observers question the rally's drivers.