Morgan Stanley Moves Into Tokenized Stocks and Treasuries as DTCC Service Goes Live

French banking group Crédit Mutuel Arkéa has confirmed a fraud incident after blockchain investigator ZachXBT identified it as the suspected victim of a crypto theft exceeding $133 million. Crypto.com said it blocked funds tied to the incident, while investigators continue to assess how exchange accounts were accessed.

Global markets moved into risk-off mode after Democratic Midterm victories in both chambers raised fresh questions around regulation and the durability of the AI-led equity trade. Traders are also focused on eurozone CPI and US ISM services data, with bonds, the dollar and oil all reacting to shifting policy and macro expectations.

Crude oil remains under pressure as traders weigh Iran diplomacy against signs of a tighter US weekly inventory balance. Natural gas is drawing support from lower output, but mild weather and softer LNG flows continue to limit demand expectations.