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

Fuse Crypto Limited received a regulatory boost from the SEC, allowing them to offer and sell their ENERGY token without registration, as long as they adhere to the described structure. The decision distinguishes the token as a loyalty-style digital token rather than an investment product.

Strategy, a Bitcoin-buying firm, broke its usual pattern by not adding more Bitcoin to its stockpile, causing its stock price to remain low. Analysts predict potential removal from MSCI indices could lead to significant outflows and further stock declines.

The European Central Bank has warned about the risks associated with stablecoins due to their increasing market cap and potential impact on financial stability. Tether's USDT and Circle's USDC, backed by U.S. Treasury bills, are among the largest stablecoins in circulation.

Monad recently completed its highly anticipated airdrop of MON tokens, valued at $105.2 million, to around 76,000 wallets. The airdrop represented 3% of MON's total supply and 30% of its circulating supply, with tokens offered at $0.025 each.

Bitcoin's recent price weakness is attributed to factors like investor sentiment, a hawkish Federal Reserve, and waning institutional interest, causing a $1 trillion drop in total crypto market capitalization. Deutsche Bank analysts are uncertain about a potential rebound for the asset amid market stress.

JPMorgan reduced MARA Holdings' price target due to Bitcoin's price drop affecting the company's BTC holdings, while Compass Point upgraded the rating, emphasizing the firm's strong fundamentals. MARA shares have fallen by 43% in the past month.

Grayscale introduced exchange-traded funds for Dogecoin and XRP, now trading on NYSE Arca as GDOG and GXRP. The funds offer exposure to these assets with a 0% expense ratio for the first 3 months or until $1 billion is traded.

The crypto market experienced a weekend bounce after a brutal Friday selloff, with Bitcoin dropping below $81k and over $1.7B in liquidations. Despite the market cap falling by $1.3T in 7 weeks, there are signs of optimism with ETFs turning green and alts finding buyers.

Myriad, a prediction market protocol, has reached $100 million in cumulative trading volume, with a 10x surge in trading volume in three months. The platform boasts over 400,000 active traders who have executed 6.3 million trades and 7.3 million transactions since its inception.

XRP's price is down 40% from its July all-time high, but it has seen increased demand for ETFs this month. Grayscale's new GXRP ETF launch on Monday is expected to trigger a 22% price surge, according to research analyst Lacie Zhang.