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Morgan Stanley increased its stake in Circle to 8.32 million shares in Q2 and added to its Bitcoin and Ethereum ETF positions

According to Cointelegraph, Morgan Stanley's latest 13F filing submitted to the U.S. SEC shows that as of June 30, it held approximately 16.5 million shares of BlackRock IBIT, an increase of 23% from 13.4 million shares in the first quarter. However, due to the decline in Bitcoin prices during the quarter, the market value of this holding dropped from $667 million to $549 million, a decrease of about 18%.During the same period, Morgan Stanley also held 2.57 million shares of MSBT, valued at approximately $43.3 million, and increased its holdings in Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF, and Fidelity FBTC, with FBTC holdings increasing by nearly 38%.In terms of Ethereum, its ETHA holdings increased by about 202% to 4.6 million shares, and the Grayscale Ethereum Staked Mini ETF holdings increased by about 26% to 5.1 million shares. Additionally, Morgan Stanley also established new positions in the Grayscale Solana Staked ETF and Fidelity Solana Fund, with market values of approximately $4.25 million and $2.26 million, respectively.On the individual stock front, Morgan Stanley's holdings in Circle (CRCL) surged from about 1.46 million shares to 8.32 million shares, while also increasing positions in mining companies and infrastructure firms such as Cipher Digital, Core Scientific, Hut 8, and Bitdeer; on the other hand, it reduced its holdings by about 550,000 shares in Coinbase, reduced over 3.1 million shares in CleanSpark, and completely exited approximately 8 million shares in Bitfarms.

first_img JPMorgan Chase Q2 disclosed an increase in holdings of Bitcoin and Ethereum ETFs, re-entered XRP, and established a new position in Solana

According to Coinpedia, JPMorgan, with an asset management scale of approximately $5.1 trillion, submitted its Q2 13F filing to the SEC, showing significant adjustments in its crypto-related ETF holdings. In terms of Bitcoin, the bank held approximately 10.4 million shares of BlackRock's IBIT as of June 30, valued at about $355.7 million, up from about 8.3 million shares and nearly $162 million in Q1; the number of IBIT call options increased to about 3.94 million, while put options decreased from about 4.75 million to about 3.5 million.Regarding Ethereum, JPMorgan held nearly 1.17 million shares of BlackRock's ETHA, valued at approximately $14.3 million, a significant increase of 338% compared to the previous quarter, but the value of Bitcoin positions still exceeds that of ETHA by more than twenty times. For XRP, after the related positions were reduced to zero in Q1, the bank re-established its holdings, holding small shares of Bitwise XRP ETF and Grayscale XRP Trust ETF, as well as approximately 19,900 shares of Armada Acquisition Corp II related to Ripple-supported trading, valued at about $207,000.In addition, the filing also showed that JPMorgan established a new position in Bitwise Solana Staking ETF, holding about 47,500 shares. The article also mentioned that there has been a recent net outflow from the U.S. spot Bitcoin ETF, with the next 13F covering Q3 expected to be disclosed in November.

BNB Chain will launch the Pasteur hard fork on August 25

BNB Smart Chain (BSC) announced that the Pasteur hard fork will officially launch on the mainnet at 10:30 AM Beijing time on August 25 (02:30 UTC on August 25). Node operators need to upgrade to client version v1.7.7 in advance. This upgrade includes three improvements: BEP-682, BEP-695, and BEP-675, focusing on enhancing cross-chain security, validator governance mechanisms, and network throughput capacity.Among them, BEP-682 will strengthen the cross-chain bridge validation mechanism of the BNB Chain, preventing the risk of permission bypass caused by duplicate calculations of validator signatures, thus improving the security of cross-chain asset transfers. BEP-695 optimizes the validator key rotation mechanism, ensuring that old keys no longer retain management permissions after exiting, while also fixing potential vulnerabilities related to penalties and governance voting. In terms of performance, BEP-675 reduces the time consumption caused by validators repeatedly executing transactions by optimizing the block construction process.In the internal QANet testing environment of the BNB Chain, this solution increased throughput from 1237 TPS to 2324 TPS, while maintaining a block time of 450 milliseconds and a block limit of 100 million Gas, with the average Gas usage per block rising from 46.35 million to 84.15 million.BNB Chain stated that this upgrade is primarily aimed at validators and block builders, intending to provide greater capacity during network peak periods and to promote the throughput expansion goals outlined in the BNB Chain roadmap for the second half of 2026.

hot_img Reuters: Microsoft has closed at least 15 branches in China over the past five years, with AI overseas business becoming a key factor for retention

According to a report by Reuters, influenced by multiple factors such as the tense Sino-U.S. relations, China's push for domestic software alternatives, and U.S. export controls, Microsoft has closed at least 15 branches and joint ventures in China over the past five years, executing a strategic contraction. In 2023, the company internally considered exiting the Chinese market, as some executives believed that "the geopolitical risks outweighed the limited economic returns," but ultimately did not proceed with the exit. Microsoft disclosed in 2024 that its business in China accounted for only about 1.5% of its global revenue.The report states that Microsoft's final decision to remain in China was primarily due to the establishment of a profitable path—providing Azure cloud and AI services to Chinese companies like ByteDance and Shein, helping them operate compliantly in overseas markets. Additionally, the company believes that retaining its business in China remains strategically significant for acquiring engineering talent. However, analysts question the sustainability of this AI business model: the service relies on third-party models like OpenAI, and Chinese companies are increasingly adopting domestic alternatives like Kimi, which offer comparable performance at lower costs.Microsoft's research and development presence in China is also contracting. Its predecessor, Microsoft Research Asia, has successively established new labs in Vancouver, Singapore, and Tokyo. In 2024, the company offered job opportunities to 1,000 top engineers to relocate to the U.S. and three other countries, but only about one-third accepted, with most senior engineers moving to domestic universities and tech companies. A Microsoft spokesperson responded that the company will continue to commit to the Chinese market but did not comment on specific decision details. ByteDance and Shein did not respond to related inquiries.
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