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

Securitize announced that BlackRock's $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) is now expanding to Binance and BNB Chain, offering a tool for institutional traders. BUIDL, backed by U.S. Treasuries, has seen a 3.7% annualized yield and is integrated into Binance's custody service, Ceffu.

Jibreel Pratt, sentenced to nine years for concealing crypto donations to ISIS, operated covertly and shared operational strategies with a confidential source. The FBI emphasizes its commitment to preventing support for terrorist organizations through financial means.

Bitcoin's price dropped below $95,000, while altcoins like Solana and XRP also experienced significant losses, leading to widespread liquidations. Solana fell over 8% to $142, despite new ETF investments. Traders lost $1.36 billion in futures positions, with the crypto market down over 4%.

Bitcoin's drop below $95,000 Friday morning, down 24% from its peak, has led to over $1.24 billion in liquidated longs. The market slump has also affected equities and gold prices, indicating a broader selloff trend and leaving analysts questioning whether it marks the beginning of a bear market.

The ICBA has urged regulators to reject Sony Bank's application for a national trust charter to issue stablecoins, citing concerns about regulatory loopholes and potential consumer harm. Sony Bank's proposed subsidiary, Connectia Trust, aims to provide digital asset custody services and issue dollar-pegged stablecoins.

Bitcoin and Ethereum funds experienced significant outflows, with BTC ETFs losing $867 million and ETH funds bleeding an additional $260 million. The market saw a drop in digital assets, with Bitcoin hitting a six-month low and Ethereum and Solana reaching four- and five-month lows.

Bitcoin's price dropped below $99,000, reflecting a broader risk-off sentiment in traditional markets. Long-term holders are accelerating their distribution, with 815,000 BTC sold in the past month, leading to increased selling pressure.

Canary Capital's XRP ETF (XRPC) had a strong debut with $58 million in first-day trading volume, surpassing expectations and becoming the year's top debut. Despite a 7.8% drop, the fund attracted significant interest from both retail and institutional investors.

Bitfarms will transition from Bitcoin mining to AI infrastructure, aiming to generate more income. The company's CEO announced plans to wind down Bitcoin operations by 2027 due to potential profitability in AI services. Despite a recent net loss, Bitfarms is confident in its ability to successfully pivot.

Emails from Jeffrey Epstein's estate reveal a meeting between Brock Pierce and Larry Summers at Epstein's townhouse. Summers expressed concerns about Bitcoin's impact on his reputation, while Pierce discussed being an active Bitcoin investor and the presence of "low-quality characters" in the space.