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

Grayscale Investments has applied for an exchange-traded fund based on Zcash, aiming to offer investors exposure to the privacy coin. Zcash's value surged by almost 1,000% in the last year, with its unique privacy features distinguishing it from Bitcoin. Grayscale has successfully converted its Bitcoin and Ethereum trusts into ETFs earlier this year.

Bitcoin and Ethereum are slightly down, while XRP is down 3.1%, reversing Monday's gains. The crypto market is open on Thanksgiving, but lower liquidity may lead to volatile moves. The recent shift to a bullish market was influenced by rising odds of a December rate cut.

Polymarket received CFTC approval to operate in the US, while Kalshi faced a setback in Nevada. Kalshi must now geo-fence Nevada or apply for a gaming license due to a federal judge's decision.

World Liberty Financial has conducted another buyback of its own token, purchasing over 59 million WLFI tokens for $10 million through CoW Swap. The project aims to use fees generated to buy back and burn tokens, but investor interest remains low.

MegaETH's pre-deposit event for the Frontier mainnet launch faced congestion and multisig issues, with the initial cap of $250 million being filled in under three minutes. Despite attempts to quadruple the cap, technical mishaps and user interventions caused chaos.

The alpha test for the new multiplayer action role-playing game, Arise, is available on the Epic Games Store for two weeks. Players can explore dungeons, engage in PvP combat, gather resources, and trade, choosing between different gameplay styles.

Thai data protection authorities have ordered World to delete over 1.2 million records collected in the country and to cease operations due to breaching data protection laws by trading biometric data for cryptocurrency. The company's iris-scanning project, aimed at issuing digital IDs in exchange for WLD tokens, has faced global controversy.

Bitmain, a Chinese Bitcoin mining equipment manufacturer, is under investigation by the U.S. Department of Homeland Security for potential national security threats. The investigation, codenamed Operation Red Sunset, is examining whether Bitmain's mining hardware could be used for espionage or to compromise the U.S. power grid.

KakaoBank, an affiliate of Kakao Corp, is developing a Korean won-backed stablecoin and a smart contract FX settlement system. The bank aims to support on-chain financial services and tokenized securities independently, preparing for Korea's upcoming regulations.

Altcoins like Ethena, Bittensor, and Quant are outperforming the market, with World Liberty Financial showing a 36% increase since November 21. This trend coincides with Bitcoin's stable period post recent volatility, attributed to a potential December rate cut.