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

Bitcoin's recent 5% drop has caused Ethereum, XRP, and other altcoins to follow suit, with total crypto market liquidations skyrocketing to $637 million. Analysts have identified Strategy CEO Phong Le's comments about the circumstances under which the DAT firm would consider selling Bitcoin, along with Arthur Hayes' comments about Tether, as contributing factors to the market's bearish sentiment.

Japan is planning to implement a flat 20% tax on cryptocurrency gains, aligning them with equities and investment trusts. This significant policy update reflects regulators' view that crypto has become a mainstream investment class, with the proposal expected to be finalized in the 2026 tax reform package.

BitMine Immersion Technologies, CleanSpark, and Riot Platforms have seen positive stock performance, with BitMine's shares up 4.47% today and over 27% in the last 5 days. CleanSpark and Riot Platforms have also experienced significant gains, despite some monthly losses.

Bitcoin has seen a 7.4% increase in the last week, with predictors leaning bullish on a potential pump to $100,000. Myriad's market focuses on Bitcoin's next move, with odds shifting in favor of a December rate cut.

A partisan report from House Judiciary Committee Democrats alleges that President Trump and his family have made hundreds of millions of dollars through cryptocurrency schemes, doubling their net worth since 2024. The report claims that this wealth has ties to foreign nationals and organized crime, impacting White House decisions.

XRP ETFs are surpassing Bitcoin and Ethereum counterparts, with investors anticipating a surge due to macro tailwinds. XRP is expected to rise 65% towards its all-time high, driven by new Wall Street products and institutional demand.

Two South Korean police officers have been indicted for accepting bribes from illegal crypto exchange operators involved in money laundering. The officers provided investigative information and facilitated connections with other law enforcement personnel in exchange for payments, leading to their removal from their positions.

Monad's native token faced additional losses due to ongoing volatility since its launch three days ago. The token dropped 15% in 24 hours to $0.03, despite a 47% increase since its debut. Early holders may be taking profits, leading to a negative bid-ask delta indicator.

South Korean authorities suspect North Korea’s Lazarus Group in the Upbit breach, with Dunamu freezing affected wallets and moving remaining funds offline to reimburse customers. The abnormal withdrawals occurred from hot wallets, prompting an investigation and on-site probe at the exchange.

Interpol has recognized crypto-related fraud as a transnational criminal threat, involving human trafficking, online fraud, and coerced labor in scam centers across more than sixty countries. The criminal groups use advanced technologies to deceive victims and operate with a highly adaptive nature.