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

U.S.-based spot XRP exchange-traded funds have seen 13 consecutive days of net inflows since their launch on Nov. 14, accumulating $874.28 million in total. The funds attracted $50.27 million in new capital on Wednesday, with a total trading volume of $31.53 million.

Thai authorities seized $8.6 million worth of Bitcoin mining equipment from seven operations suspected of supporting Chinese scam gangs in Myanmar. The raids revealed soundproofed containers with water-cooling systems, with operations traced back to Chinese networks.

Solmate, an Abu Dhabi-based infrastructure firm, is set to acquire RockawayX in an all-stock deal, creating a crypto group with over $2 billion in assets. The deal, expected to close in the first half of 2026, is subject to definitive agreements, regulatory approval, and shareholder consent.

Solana ETFs experienced their largest outflow of $32.19 million, with 21Shares' TSOL product accounting for the entire withdrawal. This trend follows two previous outflows since the ETFs launched in October, coinciding with the debut of a competing product by Franklin Templeton.

Drift, a major perpetuals trading platform on Solana, has launched Drift v3, offering 10-times faster trade execution and improved liquidity. The upgrade aims to enhance on-chain derivatives trading experience for users, with faster order updates and a refreshed user interface.

Coinme, a Bitcoin ATM operator, has been ordered by Washington state regulators to cease operations and repay over $8 million in unclaimed customer funds. The company allegedly treated unredeemed vouchers as income, violating money-transmission rules, and faces potential license revocation and fines.

Two Ukrainian nationals were arrested by Austrian police for the torture and murder of a 21-year-old student found burned in his Mercedes with his crypto wallet emptied. The suspects, apprehended in Ukraine, will not be extradited as the case is now with Ukrainian authorities.

Ethereum's Fusaka upgrade, activated at block height 18,200,000, introduces changes to data availability and block capacity, marking the network's second major upgrade this year. The upgrade includes PeerDAS for data availability sampling and Blob-Parameter-Only configuration changes to increase blob capacity.

Bitcoin investors are on edge as over $6 billion in positions face liquidation risk based on price movements. Market conditions suggest a potential short squeeze scenario, with traders short-covering rather than becoming bullish, as indicated by declining open interest in derivatives contracts.

Robinhood, Crypto.com, and Kalshi have been ordered by Connecticut's Department of Consumer Protection to cease operations due to unlicensed online sports gambling activities. The department warned of potential penalties for noncompliance under state gaming laws.