bitcoinmagazine.com
Phong Le predicts Morgan Stanley's proposed bitcoin ETF could generate $160 billion in demand with a 2% allocation. The bank's filing for the MSBT ETF includes key service providers like BNY Mellon and Coinbase.
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Decrypt
Zcash's governance debate resurfaced as industry figures discussed whether to maintain the committee-based system or shift to direct tokenholder voting. Prominent figures like Zooko Wilcox, Naval Ravikant, and Vitalik Buterin shared contrasting views on the matter.
Decrypt
BitMine Immersion added over $265 million in Ethereum to its treasury last week, holding a total of 3,726,499 ETH worth $10.1 billion. Despite a 12% stock drop, the company remains optimistic about ETH's future price movements.
Decrypt
Despite positive flows in crypto funds last week, major coins like Bitcoin and Ethereum are currently experiencing significant losses, with Bitcoin dropping 7% in the last day. XRP saw its largest weekly inflows ever, while Cardano faced outflows representing 23% of its total assets in crypto funds.
Blockworks
BTC's drop during Asia hours and Japan's yen-carry unwind pressure the crypto market. The market adjusts to tighter yen funding and softer derivatives carry, impacting BTC's movement and Ethena's yields.
Decrypt
Chinese authorities are intensifying efforts to curb crypto trading due to a surge in speculative interest. The People’s Bank of China stated that virtual currencies, including stablecoins, are not legal tender and engaging in related activities is illegal. Despite crackdowns, millions of Chinese users access offshore trading services.
Decrypt
Strategy has formed a $1.44 billion USD reserve to ensure continuous dividends, potentially selling Bitcoin if necessary. The company aims to maintain at least 12 months' worth of dividends in the reserve, with plans to expand to cover over 24 months' worth.
Decrypt
Bitcoin experienced a temporary pause in the selloff due to whale accumulation and ETF inflows, but a Sunday night selloff caused renewed market worries. Large BTC holders shifted to net accumulation, with the biggest whales showing positive accumulation for the first time since August.
x.com
Michael Saylor, CEO of Bitcoin treasury company Strategy, has announced the creation of a $1.44 billion USD Reserve and an increase in its Bitcoin reserve holdings to a total of 650,000 BTC.
asia.nikkei.com
Sony Bank is planning to introduce a stablecoin pegged to the U.S. dollar by fiscal 2026, allowing customers to use it for purchases within the Sony ecosystem. The stablecoin is expected to offer a new payment method for games and anime without credit card fees.
Decrypt
Europol, with the help of German and Swiss law enforcement, shut down Cryptomixer, a service that laundered over $1.4 billion in Bitcoin since 2016. The operation seized $27 million in BTC and 12 terabytes of data in Zurich.