Stablecoins Steal Bitcoin’s Spotlight!

Cathie Wood lowered her long-term Bitcoin price forecast from $1.5 million to $1.2 million by 2030.

Author

Danielle du Toit
November 07, 2025

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Here's what we've got for you today:

  • Cathie Wood Cuts Bitcoin Target as Stablecoins Gain Ground

  • Elixir Sunsets deUSD Stablecoin in Reaction to Stream’s $93M Loss

  • Samourai Wallet's Keonne Rodriguez Sentenced to Maximum Five-Year Term Over Crypto Mixing Service

  • Crypto ETFs ‘Punching Above Weight’ as Almost Half of ETF Investors Plan Buys

⬇️ Cathie Wood Cuts Bitcoin Target as Stablecoins Gain Ground

Cathie Wood of ARK Invest lowered her long-term Bitcoin price forecast from $1.5 million to $1.2 million by 2030.

  • Cathie Wood, CEO of ARK Invest, lowered her long-term Bitcoin price target from $1.5 million to $1.2 million by 2030, and pointed to the rapid rise of stablecoins in emerging markets as a key factor reshaping Bitcoin’s global role.

  • She explained that stablecoins are increasingly used as a store of value and medium of exchange in developing economies, outpacing Bitcoin’s adoption in some regions.

  • Standard Chartered projects that stablecoins could drain over $1 trillion from traditional banks in emerging markets by 2028.

Elixir halted support for its deUSD stablecoin after Stream Finance’s $93 million loss triggered a market-wide liquidity crisis.

  • DeFi platform Elixir stopped support for its synthetic stablecoin, deUSD, after Stream Finance’s $93 million loss caused a severe liquidity shock and sent deUSD’s price crashing to 1.5 cents.

  • Stream Finance, which borrowed deUSD to back its XUSD stablecoin, reportedly owes $68 million to Elixir and has suspended withdrawals following the loss.

  • Before the collapse, deUSD had a $150 million market cap and was positioned as a rival to Ethena’s USDe.

Samourai Wallet co-founder Keonne Rodriguez has been sentenced to five years in prison.

  • Samourai Wallet co-founder Keonne Rodriguez was sentenced to five years in prison and fined $250,000 for operating a crypto mixing service prosecutors said laundered millions in criminal proceeds.

  • Rodriguez and co-founder William Lonergan Hill allegedly built Samourai’s “Whirlpool” feature to facilitate money laundering and promoted its use for illegal transactions.

  • Both men pleaded guilty in July after initially denying the charges, and Rodriguez expressed remorse during his sentencing hearing in New York.

🥊 Crypto ETFs ‘Punching Above Weight’ as Almost Half of ETF Investors Plan Buys

A Schwab report shows 45% of investors plan to buy crypto ETFs—matching bond ETF interest.

  • Nearly half of ETF investors plan to buy a crypto ETF, tying interest in digital assets with traditional bond ETFs. This is according to Schwab Asset Management’s latest report.

  • Schwab’s survey showed 52% of respondents intend to invest in US equity ETFs, while 45% are eyeing both crypto and bond ETFs.

  • Bloomberg analyst Eric Balchunas called the results “shocking,” as crypto ETFs account for just 1% of total ETF assets under management, compared to 17% for bonds.

👀 QUICK NEWS

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