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

Metaplanet's stock rose over 2% as it revealed plans to secure a $130 million loan using its Bitcoin holdings as collateral to purchase more of the asset. The company aims to acquire 1% of the total Bitcoin supply by 2027.

Enlivex, a Nasdaq-listed biopharma company, plans to acquire $212 million worth of Rain, the native token of the Rain Protocol, to drive shareholder value and activate it for yield. The $1.8 billion Rain Protocol operates on the Arbitrum blockchain and is gaining attention in the prediction market sector.

A man in South Korea has been sentenced to eight years in jail for operating a fraudulent securities trading platform that duped 116 victims into giving him $4.2 million. Three accomplices were also sentenced to over two years each for their roles in the money laundering scheme.

Klarna, a Swedish fintech company, plans to launch its stablecoin, KlarnaUSD, on the Tempo network next year. The stablecoin aims to reduce costs for consumers and merchants, with support from Stripe and Paradigm in developing the mainnet.

A 21-year-old man armed with weapons attempted to rob a St. Petersburg crypto exchange by detonating Airsoft grenades and demanding a transfer of crypto to his wallet. The suspect was detained by police, and authorities are considering preventive measures due to the serious robbery charges he faces.

Altcoin ETFs like Solana and XRP have seen significant inflows despite the broader crypto market selloff, attributed to risk management and regulatory clarity. Solana faced outflows last week due to technical challenges, while XRP benefited from institutional interest and regulatory optimism.

Analysts predict a surge in altcoin prices as XRP and Solana ETFs attract more investors, signaling market recovery. Institutional demand for regulated exposure to non-Bitcoin assets is growing, with XRP expected to reach $2.50 and Solana $160.

Bitcoin has shown signs of recovery, with a 2.5% increase from its weekend low, attributed to declining seller momentum and a shift to a more orderly de-risking phase. The options market reflects a shift from bearish to cautiously optimistic sentiment, with notable call option volume growth.

Binance and its co-founder, Changpeng Zhao, face a new lawsuit alleging the exchange facilitated crypto transactions linked to Hamas over a six-year period. The complaint accuses Binance of weak compliance practices that allowed users tied to terrorist groups to move funds through the platform.

In a recent sentencing decision in British Columbia, a wrench attack involving binding, waterboarding, and sexual assault was detailed. Four men unlawfully entered a family's home, seeking access to their Bitcoin holdings. The daughter was forced to remove her clothes and the husband and wife were waterboarded during the attack.