
bitcoinmagazine.com
Phong Le predicts Morgan Stanley's proposed bitcoin ETF could generate $160 billion in demand with a 2% allocation. The bank's filing for the MSBT ETF includes key service providers like BNY Mellon and Coinbase.
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The White House confirmed that October's crucial inflation and jobs data may never be released due to the longest U.S. government shutdown in history. This has left policymakers at the Federal Reserve without essential economic data, impacting market uncertainty and potentially affecting future policy decisions.

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Exodus Movement reported a 51% increase in revenue to $30.3 million in Q3, with net income rising to $17 million. The company holds 2,123 BTC, 2,770 ETH, and $50.8 million in cash and assets. They use Bitcoin for operating expenses and treasury management.

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Brazil is addressing criminal use of crypto through legislative and regulatory proposals, including a central bank rule targeting illegal stablecoin use. The proposed bill would allow authorities to seize and convert virtual assets into fiat currency during investigations.

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A DIFC judge has extended an injunction and freeze of $456 million in assets linked to Tron founder Justin Sun's involvement in TrueUSD stablecoin reserves. The order prohibits Aria DMCC from moving assets from Dubai and disposing of the transferred funds.

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Arthur Hayes advised moving Zcash holdings from exchanges to self-custodial wallets due to increased volatility. Zcash, ranked 24th by market value, saw a 30% drop from its recent high.

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Polymarket announced its integration with Yahoo Finance, becoming the platform's exclusive prediction market partner. The partnership aims to expand Polymarket's reach to a broader audience, leveraging Yahoo Finance's extensive global monthly visitors and data sources.

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Ethereum's price struggles to break through resistance levels, with prediction markets split on its future. Technical indicators like RSI and ADX suggest a bearish trend, despite some fundamental support and bullish EMA setup.

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Solana Company plans to tokenize its shares on Superstate's Opening Bell platform, allowing investors to trade shares around the clock. Pantera Capital, a major investor, believes this move will drive activity on Solana's network, with other treasury companies also exploring tokenization initiatives.

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Hyperliquid traders faced temporary deposit and withdrawal issues due to potential malicious Popcat trades, causing a $4.9 million loss in the community-owned vault. An individual's $20 million long positions on Popcat led to liquidation, impacting the vault's funds and prompting delisting of Solana-based JELLYJELLY.

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VisionSys AI's shares plummeted over 77% due to a registered direct offering, potentially generating $12 million. The company's recent price drop, coupled with plans for a $2 billion Solana treasury, has raised concerns about its financial strategy and future prospects.