Bitcoin has climbed back above $80,000, but on-chain activity has dropped to two-year lows, a signal from Santiment that the rally lacks broad retail or whale participation. Meanwhile, digital asset investment products logged $117.8M in inflows — a fifth consecutive week of gains — suggesting institutional appetite remains intact even as organic chain usage cools.
On the institutional front, Morgan Stanley is set to roll out spot crypto trading on its wealth platform later this year, and CME Group will launch Bitcoin volatility futures on June 1, giving traders a dedicated instrument to hedge or express views on <a class="ticker-mention" href="/en-US/token/btc">BTC</a> vol independent of price direction. Coinbase, by contrast, is cutting roughly 14% of its workforce, with CEO Brian Armstrong pointing to market conditions and a pivot toward an AI-native operating structure.
Elsewhere, Strategy reported a $12.54B net loss in Q1 2026 —…
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