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

Jeffy Yu, creator of the AI musician Zerebro, released an AI-written manifesto and a new Solana meme coin, PLOI, which quickly reached a $5.4 million market cap before dropping to $1.1 million. Despite previous controversies, Yu plans to continue his crypto ventures.

Bitnomial, overseen by the CFTC, will introduce spot crypto trading in the U.S., offering leveraged trading. The exchange aims to provide a safer trading environment with CFTC oversight, eliminating redundant margin requirements.

N3XT, a new blockchain-powered bank founded by former Signature Bank executives, operates as a full-reserve bank under a Wyoming SPDI charter. It offers programmable U.S. dollar payments, settling transactions instantly using a private blockchain system.

TD Cowen analysts revised Strategy's price target to $500 due to stock price volatility and increased shareholder dilution. The company raised $1.44 billion for a cash reserve to fund dividends on preferred shares, signaling a shift in its funding strategy.

Christopher Harborne, a Thailand-based investor in crypto firms, donated $11.4 million to Nigel Farage's Reform UK, surpassing other British political parties in fundraising. Harborne, linked to Tether's parent company, has a history of significant donations to political parties.

Malaysian authorities are cracking down on Bitcoin mining operations stealing power from the grid using drones and handheld sensors. A special committee was formed to target illicit actors, resulting in the shutdown of almost 2,400 operations and the discovery of 14,000 illicit mining operations over the past five years.

Meta is considering budget cuts of up to 30% in its metaverse division, including Horizon Worlds and Quest headset unit, due to slow industry adoption. The virtual reality group is expected to face the biggest reductions, with potential layoffs.

Shareholders have approved the business combination between Twenty One Capital, Inc. and Cantor Equity Partners, with the merger expected to close on December 8 pending SEC conditions. The merged entity will operate as Twenty One Capital, trading on NYSE with ticker symbol XXI.

Aave governance has decided to remove Sky's USDS as collateral due to negligible revenue generation and asymmetric risks. Another proposal suggests shutting down underperforming instances on three chains, aiming to focus on revenue-generating opportunities.

BlackRock CEO Larry Fink referred to Bitcoin as an asset driven by fear, highlighting its appeal as a hedge against debasement and financial insecurity. Fink's comments underscore Bitcoin's unique position in the investment landscape, contrasting it with traditional assets like equities and bonds.