Morgan Stanley's Bitcoin ETF Could Attract $160 Billion, Says Strategy CEO

Superstate has introduced the Direct Issuance Program, enabling SEC-registered companies to issue tokenized shares on Ethereum and Solana. This initiative aims to streamline capital raising by offering instant tokenized equity sales for stablecoins.

Twenty One Capital, trading as XXI on the NYSE, merged with Cantor Equity Partners, holding over 43,000 BTC worth nearly $4 billion. Despite a sharp debut sell-off, the company aims to develop financial products around Bitcoin.

Strive arranged a $500 million at-the-market offering for its Variable Rate Series A Perpetual Preferred Stock (SATA) to fund further bitcoin purchases. SATA pays a 12% dividend and trades below its $100 par value, allowing quick fund raising.

Binance co-CEO Yi He's WeChat account was hacked to promote a memecoin, leading to a pump-and-dump scheme. The attackers used the compromised account to endorse the coin, resulting in a surge in trading volume and price on decentralized exchanges.

Solana's liquidity is in a reset phase due to realized losses, declining futures interest, and market-maker pullback, potentially leading to a new liquidity cycle. Despite structural bullish support, high leverage poses liquidation risks in the near term.

The American Federation of Teachers has raised concerns about the Responsible Financial Innovation Act, warning it could expose pensions to fraud and unsafe assets. AFT President Randi Weingarten stated the bill would remove current safeguards for crypto assets and traditional securities.

SEC chair Paul Atkins stated that certain ICOs should be considered non-securities transactions, falling outside the SEC's jurisdiction. Atkins proposed a token taxonomy categorizing crypto into four groups, with three not deemed securities.

An application for a Bitcoin-focused ETF, the Nicholas Bitcoin and Treasuries AfterDark ETF, was filed with the SEC by Tidal Trust II. The ETF aims to mirror Bitcoin's overnight returns by investing in futures contracts and options on indices.

Tempo, a blockchain by Stripe and Paradigm, launched its public testnet, welcoming developers to build on the network. The network, with input from global firms like OpenAI and Visa, offers features like dedicated payment lanes and stablecoin-native gas for transactions.

Zooko Wilcox, founder of Zcash, has joined Cypherpunk Technologies Inc. as a strategic advisor, leading to a surge in the company's stock price. Cypherpunk aims to develop self-sovereign digital systems focused on privacy and freedom, following the footsteps of other crypto treasury firms.