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

Dunamu and Naver Financial are planning a merger to create a financial giant worth $13.8 billion, with a potential Nasdaq listing. The merger aims to combine a crypto exchange with a payments platform amid new digital asset regulations in South Korea.

A Solana developer has proposed doubling the rate at which staking rewards decline to reduce token inflation. This proposal aims to prevent almost $3 billion worth of new SOL tokens from being created, addressing concerns about high token inflation and sell pressure.

Solana's market structure has become top-heavy, with nearly 80% of its circulating supply in loss, potentially leading to panic selling. A major liquidation zone could trigger further price drops, with $239 million worth of longs at risk if Solana falls below $124.40.

The ECB released a report warning about stablecoins posing a global financial stability risk by potentially drawing retail deposits away from eurozone banks. Stablecoins' market capitalization has grown to over $280 billion, with Tether and Circle Internet being major holders of U.S. Treasury bills.

Despite the formal ban on Bitcoin mining in China in 2021, the activity has experienced a significant revival, with the country climbing back to the third position globally by October. This resurgence is driven by miners and companies operating in regions with abundant and inexpensive electricity, such as Xinjiang and Sichuan.

A San Francisco homeowner was robbed of $11 million in crypto by a man posing as a delivery driver, who bound the victim with duct tape and brandished a gun. This incident is part of a surge in physical assaults targeting crypto holders, with over 60 wrench attacks documented this year.

Animoca Brands has received in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority, allowing it to manage collective investment funds within ADGM. This approval aligns with the company's goal to establish regulated pathways for global institutional participation in Web3.

CoinDesk recently reported a shift in the BTC options market, with the $80,000 put now leading in open interest at just over $2 billion. This reflects a bearish sentiment, as put buyers bet on Bitcoin's spot price falling below that level.

The Department of Government Efficiency, established by executive order under President Donald Trump, has stopped functioning eight months before its scheduled closure. Despite having time left, the office is no longer operational, as confirmed by the administration's personnel chief.

JPMorgan Chase closed Strike CEO Jack Mallers' bank accounts, citing "concerning activity" without specifics, in a move that reignited worries about debanking practices towards crypto executives. The bank's actions have raised questions about the alleged Biden-era campaign to deny banking services to crypto companies.