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

Bitcoin has dropped below $90,000, a 28% decrease from its high of $126,000, signaling a potential crash. A further decline to $40,000 could lead to adverse market conditions, reminiscent of past crashes. Factors like liquidity crunch and government interventions may impact Bitcoin's future trajectory.

Canaan Inc.'s stock price surged by nearly 16% following a Q3 2025 earnings report showing significant revenue growth driven by mining machine sales and operations. Despite a net loss of $27.7 million, the company achieved positive non-GAAP adjusted EBITDA of $2.8 million.

Aave, a trusted name in DeFi, has launched the Aave App, a consumer-facing savings product resembling a neobank. With features like automated savings and high account security, it aims to attract non-crypto users.

Fidelity and Canary Capital are set to launch Solana ETFs, following VanEck's recent release. Analysts predict a potential 16% price increase for Solana this month, as the market recovers from a $1.2 trillion sell-off.

Bitcoin's price dropped below $90,000 for the first time since April, with a 4.5% decrease in the past 24 hours. The total crypto market capitalization has fallen by 20% from $4 trillion to $3.2 trillion, impacting institutional demand and ETF outflows.

An investigation revealed how a Cambodia-based crypto exchange, Huione, facilitated the movement of illicit funds, involving North Korean hacker groups and scam centers in Southeast Asia. Despite being designated as a money-laundering operation by the US Treasury Department, Huione's funds flowed through exchanges like Binance and OKX.

BlackRock's Bitcoin ETF, IBIT, has seen a record outflow of $1.26 billion this month due to a price slide and increased costs of bearish options. The 250-day put-call skew has reached a seven-month high of 3.1%, showing expensive put options for hedging against market declines.

Mastercard has partnered with Polygon to simplify crypto transactions by allowing users to send crypto using verified usernames instead of long wallet addresses. Mercuryo will handle identity verification and issue aliases that users can link to their wallets for easier transfers. This approach aims to make digital token transfers more accessible and user-friendly.

Bitcoin's recent decline has led to a death cross and the first weekly close below the 50-week moving average, indicating a potential start to a bear market. Analysts attribute the market downturn to growing investor fears in traditional markets, affecting crypto prices.

TD Cowen's report highlights Strategy's consistent Bitcoin accumulation despite a drop in its implied Bitcoin premium. The company raised capital through euro-denominated preferred shares and variable-rate preferred shares, maintaining an attractive option for Bitcoin exposure seekers.