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

The UK government has introduced an Anti-Corruption Strategy to combat financial crime, strengthen enforcement, and prevent the misuse of crypto-assets for evading sanctions. The strategy targets both domestic corruption and foreign actors laundering illicit wealth through the UK.

Strategy disclosed its largest Bitcoin purchase, spending $963 million on 10,624 BTC, funded by issuing common stock. The firm now holds approximately 660,600 Bitcoin, valued at around $60 billion. Despite recent stock price fluctuations, Strategy's latest move has drawn mixed reactions from analysts.

Mati Greenspan predicts that U.S. spot exchange-traded funds (ETFs) will surpass $1 billion in inflows soon, with most funds coming from Canary Capital, Grayscale, Bitwise, and Franklin Templeton. XRP's regulatory clarity and market position have attracted institutional interest, leading to rapid growth in XRP ETFs.

The province of British Columbia has won a default judgment for over CAD$1 million ($725K) in cash, gold, and other valuables linked to the collapsed cryptocurrency company QuadrigaCX. The firm, once the largest in Canada, left 76,000 customers without their funds in 2019.

Robinhood Markets Inc. is set to acquire two licensed Indonesian firms, PT Buana Capital Sekuritas and PT Pedagang Aset Kripto, to enter the fast-growing retail market in Indonesia. The acquisitions are expected to be finalized in the first half of 2026.

Coinbase has reopened user registrations in India, allowing customers to conduct crypto-to-crypto trades. The company plans to introduce a fiat on-ramp in 2026, enabling users to purchase digital assets directly.

Bitcoin has rebounded to $91,950, up 1.8% for the day and 5.3% for the month, following a leverage wipeout in early October. The Federal Reserve's interest-rate decision and upcoming jobs data are key factors influencing market sentiment.

ZKsync Lite, an early zero-knowledge payment rollup for Ethereum, will be retired next year after serving its purpose as a proof-of-concept. The team at Matter Labs confirmed that the Lite version validated critical ideas for their current systems.

Cantor Fitzgerald analysts revised Strategy's stock price target to $229, down 59% from $560, citing a decrease in the value of the company's treasury operations. Despite concerns of a "crypto winter," analysts believe Strategy's Bitcoin-buying activity will continue.

Bitcoin and Ethereum prices dropped significantly, with Bitcoin falling below $90,000 and Ethereum nearing $3,000. The crypto market saw liquidations totaling over $493 million, mostly from long positions.