Key Takeaways:
Morgan Stanley’s low-fee bitcoin ETF intensified 2026 fee pressure and could pull in more BTC demand. Starkware proposed quantum-safe bitcoin transfers now, pointing to next-step tests on fees and scale. Scott Bessent backed the Clarity Act as Bitmine hit the NYSE with a $4B buyback, boosting U.S. crypto momentum.
WEEK IN REVIEW
Morgan Stanley Low-Fee Bitcoin ETF Sparks Fee War Across Issuers, Analyst Says
Lower bitcoin ETF fees are accelerating competition and pressuring margins as Morgan Stanley undercuts rivals, signaling a potential… read more
Editor’s comment:
Amy Oldenburg, Morgan Stanley’s Head of Emerging Markets Equity, said that the bank’s new spot Bitcoin ETF launch gave their “best first day of trading for any of our ETFs.” Given the size of Morgan Stanley’s assets under management, it’s an unmistakably positive development for Bitcoin.
No Consensus Changes Needed: Starkware CPO Builds Quantum-Safe Bitcoin Transactions From Existing Rules
A Bitcoin researcher and Starkware executive published a working scheme this week that makes new bitcoin transactions quantum-safe today… read more
Editor’s comment:
There are still questions regarding scalability, fees, and the vulnerability of old wallets, but it’s fantastic to see the developer community react to the quantum threat, regardless if Samson Mow calls it a “nothing burger.”
Treasury Secretary Pushes Clarity Act to Secure US Crypto Market Leadership
U.S. Treasury Secretary Scott Bessent intensifies calls for crypto legislation as SEC Chair Paul Atkins and lawmakers align… read more
Editor’s comment:
Bessent’s reiteration that financial innovation be built on “American rails, backed by American institutions, and denominated in American dollars” feels particularly bullish not just for crypto, but for US equities and stablecoins. It’s hard to see how a global internet economy running on dollars doesn’t increase the demand for dollars, T-bills, and US stocks that can be easily accessed by anyone.
Claude Mythos Preview: Anthropic’s Unreleased AI Cracked Linux and OpenBSD Bugs Humans Missed for Decades
Anthropic’s unreleased Claude Mythos Preview has autonomously identified thousands of high-severity zero-day vulnerabilities across every major operating system… read more
Editor’s comment:
Jason Calacanis mentioned that the AI race has now become an “existential” quest for national security because of how powerful the technology, and particularly Mythos can be. Whichever world power masters it first, may essentially hold the ring of power to establish world dominance.
Bitmine Debuts on NYSE With $4 Billion Buyback Plan
Bitmine Immersion Technologies has uplisted to the New York Stock Exchange and expanded its share repurchase program to $4 billion… read more
Editor’s comment:
BMNR is currently a 687% move away from its all-time high, so a recovery from here could be for the history books. Bitmine now holds 4,803,334 ETH worth over $10.53 billion, with no plans to slow down accumulation. The next biggest Ethereum treasury company, SharpLink, currently holds 868,699 ETH worth $1.9 billion.
