Bloomberg ETF analyst Eric Balchunas said Morgan Stanley’s 16,000 financial 
advisors, who manage $6.2 trillion in client assets, would have no problem 
recommending the product at such low fees.

Morgan Stanley sets 0.14% Bitcoin ETF fee, lowest in market if approved

A veteran Bitcoin evangelist who entered the market when most people had never 
heard the word &#8220;blockchain&#8221; is now pointing the finger at the Trump family, 
not a crypto exchange, as many think, for the liquidation chaos that shook the 
crypto industry last October. Davinci Jeremie, one of the earliest known 
Bitcoin adopters, recently shared his unfiltered take on what he believes 
caused the October 10, 2025, crash. What Davinci Jeremie Actually Believes The 
October 10, 2025, crypto market crash is one of the most debated events of the 
current cycle, with traders still split over what really triggered the sudden 
collapse in price. In the months since, several theories have surfaced, 
ranging from Binance-led liquidations to coordinated sell attacks. Related 
Reading: Expert Analyst Says Bitcoin Expansion Is Over, It Won’t Rally Until 
This Is Over Speaking on The Sujal Show, Jeremie offered a perspective that 
was politically charged. In his view, the Trump family&#8217;s financial interests 
provide a simpler explanation for what happened to the crypto market on that 
day. &#8220;I think obviously the Trump family. It&#8217;s clear right now that the Trump 
family wants to push crypto down so that they can get as much as they want,&#8221; 
Jeremie said. According to the early Bitcoin believer, wealthy participants 
approach markets differently. In his words, short-term thinking dominates 
retail behavior, with many looking for quick gains or rapid wealth creation. 
Large players, however, operate on extended timelines, often spanning five to 
ten years. &#8220;If you&#8217;re wealthy, you don&#8217;t think in short terms as most people 
do; you think in long terms,&#8221; he said. The Binance Theory That Took Over 
Crypto Jeremie&#8217;s take stands in opposition to the explanation that dominated 
industry discourse in the months following October 10. The October 2025 crypto 
crash, primarily on October 10, saw over $19 billion in leveraged positions 
liquidated within 24 hours. The sell-off began shortly after Donald Trump 
signaled plans to impose an additional 100% tariff on Chinese imports. That 
caused traders to dump risky investments, from stocks to Bitcoin. However, 
that crash was much more pronounced on the crypto market than expected. 
Related Reading: Bitcoin Roadmap To $300,000: Analyst Shares Step-By-Step 
Guide To The Top After the immediate aftermath of the crash, much of the 
attention was directed to crypto exchange Binance. The exchange quickly became 
the focal point of speculation, with many pointing to liquidation cascades on 
its derivatives platform as the primary reason for the crash. The theory was 
amplified after OKX CEO Star Xu went public with his criticisms, which were 
based on Binance&#8217;s promotional campaign that offered 12% APY on USDe. 
According to Star Xu, the campaign by Binance blurred the line between USDe 
and stablecoins like USDT and USDC, and retail investors were not aware of the 
systemic risks relating to the synthetic stablecoin ecosystem. Davinci Jeremie 
is known as one of the earliest Bitcoin adopters, having entered the market 
when BTC was trading around $1. His reputation grew significantly years later 
when an old YouTube video resurfaced of him urging viewers to buy at least $1 
worth of Bitcoin. The clip has since become one of the most referenced moments 
in crypto history. Featured image from Pngtree, chart from Tradingview.com

Not Binance: Bitcoin Analyst Who Bought At $1 Revealed What Really Caused The October 10 Crash

Strategy purchased approximately 45,000 bitcoin over the last 30 days—its 
fastest accumulation pace in nearly a year—while the rest of the corporate 
bitcoin treasury sector bought fewer than 1,000 BTC combined, according to a 
new Cryptoquant report. Cryptoquant Says Bitcoin Treasury Summer Is Over 
Outside Strategy The data reveals a stark split in the corporate […]

Bitcoin Treasury Companies Pull Back in 2026 as Strategy Accelerates Purchases: Cryptoquant

Crypto prices came under pressure again on Friday as Treasury yields, not crude, became the macro variable traders could not ignore. Bitcoin slipped back below $69,000 after a short-lived relief rally earlier this week, while ether also traded lower, as hopes for a near-term easing in the Iran conflict faded and the US 10-year yield stayed near 4.42%. That is the core argument The Kobeissi Letter pushed in a widely shared thread via X: the market’s center of gravity has shifted from the oil spike itself to the rates shock that follows it. “The bond market is, by far, the biggest problem for the US right now, much bigger than the energy price situation,” Adam Kobeissi wrote. In the longer note, the firm sharpened the point further: “For weeks, markets have been fixated on oil, war headlines, and geopolitical escalation. But beneath the surface, a much larger force has been building, and it’s now beginning to take control. The bond market is now dictating the path of equities, commodities, and ultimately, policy itself.” Related Reading: Fidelity Sees Key Crypto Catalysts Emerging For Q2 2026 The market action this week fits that thesis. On Thursday, President Donald Trump said he would pause attacks on Iran’s energy plants for 10 days, until April 6, saying talks were “going very well.” Yields initially eased on the headline, but the move did not hold. By the end of the session, the 10-year Treasury yield had climbed to 4.415%, the highest since July, while mortgage rates had already risen to their highest since October and Fed Governor Lisa Cook said the war had shifted the balance of risks toward inflation. Futures markets had moved to price virtually no chance of a Fed cut in 2026. And the data shows the stress. The MOVE Index, a gauge of Treasury volatility, is at 115.02, up 17.86% on the day. Kobeissi also showed a FedWatch distribution that, in Kobeissi’s reading, now points to a base case of rates staying broadly unchanged through September 2027, a dramatic reversal from late 2025, when markets were still debating how many cuts the Fed would deliver in 2026. This is truly historic: In just 27 days of the Iran War, the discussion has now become about Fed rate HIKES. Just weeks ago, investors were debating how many rate cuts the Fed would implement in 2026. Now? There&#8217;s a 48% chance of an interest rate HIKE by January 2027. And,… https://t.co/ccQ91LLH3g pic.twitter.com/ve2drzl4Rb — The Kobeissi Letter (@KobeissiLetter) March 26, 2026 The firm tied that repricing to a labor market it says has deteriorated even before the latest inflation shock, citing deep downward revisions to payroll data over the last three years and a February unemployment duration of 25.7 weeks. For crypto, the message is straightforward: this is still trading as a liquidity-sensitive macro asset class. When Trump first said on March 23 that the US would postpone strikes and pursue talks, bitcoin rallied more than 5% to as high as $71,794 in New York, with altcoins also moving higher. That relief move has since unwound. By Friday, bitcoin was trading at $68,639 and ether at $2,061.81, both down on the day as the market rotated back to yields, policy risk and tighter financial conditions. BitMEX co-founder Arthur Hayes framed the crypto angle more directly in his usual shorthand. “Almost there … If Trump invades Iran what is Buffalo Bill Bessent going to do to calm the UST market?” he wrote, referring to Treasury Secretary Scott Bessent. Almost there … If Trump invades Iran what is Buffalo Bill Bessent going to do to calm the UST market? pic.twitter.com/7H2qakadgT — Arthur Hayes (@CryptoHayes) March 26, 2026 The point is not simply that war could rattle markets, but that a deeper selloff in Treasuries could force some form of response from Washington. In Hayes’ macro framework, crypto does not meaningfully recover just because geopolitical tensions ease; it recovers when bond-market stress becomes severe enough to bring liquidity back into the system, whether through Bessent, the Fed, or both. Related Reading: Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity Kobeissi’s framework is similar. The firm argues that as yields move toward the 4.50% to 4.70% range on the 10-year, the odds of some form of policy response rise sharply because the White House has already shown it is sensitive to bond-market stress. That leaves crypto watching the same dashboard as every macro desk: Treasury yields, rate expectations and the credibility of any de-escalation headline. If bond volatility cools, crypto assets could respond the way they did earlier this week, snapping higher on even a modest improvement in war headlines. But if yields continue grinding upward, the market may keep treating bitcoin and the rest of crypto less as geopolitical hedges than as another expression of the global rates trade. At press time, the total crypto market cap stood at $ Total crypto market cap chart, 1-week chart | Source: TOTAL on TradingView.com ds Featured image created with DALL.E, chart from TradingView.com

Crypto Prices Under Pressure As Bond Market Stress Overtakes Oil Shock

The executive order is the latest in a wave of legal actions in the US seeking 
to curb government insider trading on prediction markets.

Cryptocurrency price in VND