The cryptocurrency market experienced significant fluctuations over the weekend, with Bitcoin (BTC) prices dropping 3% in the last 24 hours. Ethereum and Solana also saw declines of 5.7% and 6.9%, respectively.
Morgan Stanley's application for a national trust bank charter has raised hopes that it will unlock 'Boomer money' for crypto. The company has applied to hold digital assets directly and trade them, offering staking services to its investment clients. This move is seen as a significant step towards mainstream adoption of cryptocurrencies.
Polestar investors are also considering whether the company's new lineup will spur a turnaround. The EV maker announced a $400 million equity investment earlier this month and plans to launch four new cars in the next three years. Its Polestar 5 is expected to start deliveries in summer 2026, followed by a new variant of the Polestar 4.