According to industry sources quoted by TheInformation, investment bankers from leading Wall Street institutions such as JPMorgan Chase, Goldman Sachs, and Morgan Stanley have been meeting with cryptocurrency company executives in the hope of gaining the opportunity for cryptocurrency companies to conduct initial public offerings (IPOs) after the election. This enthusiasm reflects optimism that the market and regulatory conditions will improve after Donald Trump wins the US Presidential Election...
Morgan Stanley (MS. N) announced that James Gorman will step down as chairperson and leave at the end of the year. Ted Pick will take over as chairperson on January 1, 2025.
Tread.fi, an algorithmic crypto trading platform founded by former Morgan Stanley employees, completed a $3.50 million seed round led by New Form Capital, with participation from Aquanow, Varys Capital, GBV Capital, Thanefield Capital and others. Tread.fi founder and CEO David Jeong, a former vice president of quantitative research at Morgan Stanley, declined to comment on the valuation, but said the round was structured using a simple agreement for rolling future equity (SAFE) with a symbolic c...