Daily Market Wrap | Feb. 28

Hot Topics

• Bitcoin drops below $64,000.
• SEC Chair Paul Atkins says agency seeks to regain crypto ground after 'big missed opportunity' under prior administration.
• Morgan Stanley applies for OCC national trust bank charter to custody crypto, enable trading, and offer staking services.

Market Updates

• Barclays explores blockchain settlement tools for payments and tokenized deposits as banks brace for stablecoin growth
• MoonPay and M0 launch PYUSDx framework for developers to issue app-specific stablecoins backed by PayPal USD (PYUSD).