According to Huoxun Finance, Morgan Stanley's new Bitcoin ETF (MSBT) saw active trading on its first day, with over 1.6 million shares traded and approximately $34 million in inflows. The fund tracks the CoinDesk Bitcoin benchmark price and boasts a fee of only 0.14%, the lowest among similar products, leveraging its price advantage to compete in the market. In addition to its low fees, MSBT also leverages Morgan Stanley's extensive wealth management network, potentially attracting traditional investors to allocate Bitcoin assets through its financial advisory system. However, the current market is still dominated by leading products, such as BlackRock's IBIT, which has over $53 billion in assets. Industry insiders predict that MSBT may divert some existing funds in the short term, but its long-term performance will depend on its ability to attract sustained inflows of funds.

Huoxun Finance reports that the U.S. Securities and Exchange Commission (SEC) has announced the appointment of David Woodcock as the new head of its enforcement division, succeeding the outgoing director. Woodcock previously served as the SEC's Fort Worth office director (2011–2015), overseeing enforcement lawyers, reviewers, and accounting teams, and participating in investigations across virtually all major enforcement areas. He recently became a partner at the law firm Gibson Dunn. Notably, Woodcock lacks a clear background in the crypto industry, and this appointment comes at a time of controversy surrounding the SEC's approach to crypto enforcement. Previously, disagreements over case handling and enforcement standards led to the previous head's short tenure and drew congressional attention. SEC Chairman Paul Atkins stated that this appointment will help strengthen the fight against "misconduct that causes the greatest harm to investors."

Morgan Stanley's new Bitcoin ETF (MSBT) saw active trading on its first day, with over 1.6 million shares traded and approximately $34 million in inflows. Tracking the CoinDesk Bitcoin benchmark price, the fund boasts a fee of only 0.14%, the lowest among similar products, leveraging its price advantage to compete in the market. In addition to its low fees, MSBT leverages Morgan Stanley's extensive wealth management network, potentially attracting traditional investors to allocate Bitcoin assets through its financial advisory system. However, the market is currently dominated by leading products, such as BlackRock's IBIT, which has assets exceeding $53 billion. Industry insiders predict that MSBT may divert some existing funds in the short term, but its long-term performance will depend on its ability to attract sustained inflows.

Odaily reports that Yuga Labs and artist Ryder Ripps have reached a settlement in a long-standing trademark dispute, marking a near end to the legal battle surrounding Bored Ape Yacht Club (BAYC). Under the settlement agreement, Ripps and his partners will be prohibited from continuing to use Yuga Labs' images and trademarks. Specific terms have not yet been fully disclosed. The case began in 2022 when Ripps launched a replica NFT series (RR/BAYC) using the same ape image as BAYC, calling it "expressive appropriation art." Yuga Labs subsequently filed a trademark infringement lawsuit. In 2023, a US court ruled that the replica project constituted trademark infringement and initially awarded approximately $9 million in damages. The appeals court subsequently partially overturned the ruling and ordered a retrial, leading to a protracted legal battle.

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) has announced the appointment of David Woodcock as the new head of its enforcement division, succeeding the outgoing director. Woodcock previously served as the SEC's Fort Worth office director (2011–2015), overseeing enforcement lawyers, reviewers, and accounting teams, and participating in investigations across virtually all major enforcement areas. He recently became a partner at the law firm Gibson Dunn. Notably, Woodcock lacks a clear background in the crypto industry, and this appointment comes at a time of controversy surrounding the SEC's approach to crypto enforcement. Previously, disagreements over case handling and enforcement standards led to the previous head's short tenure and drew congressional attention. SEC Chairman Paul Atkins stated that this appointment will help strengthen the fight against "misconduct that causes the greatest harm to investors."