Today in crypto, US prosecutors are seeking a retrial for two brothers accused of using MEV bots to exploit $25 million in digital assets. Meanwhile, Morgan Stanley warns it may be time to take profits as Bitcoin enters a new and uncertain phase, and fresh filings suggest XRP and Chainlink ETFs could launch soon.
Prosecutors request February or March retrial for MEV bot brothers
Anton and James Peraire-Bueno, two brothers indicted for their alleged role in money laundering and fraud involving a $25 million exploit of the Ethereum blockchain, could face a second trial as early as February.
In a Monday filing in the US District Court for the Southern District of New York, lawyers representing the US government requested a federal judge schedule a retrial for the Peraire-Bueno brothers “as soon as practicable in late February or early March 2026.”
The request came about three days after a judge declared a mistrial in the case, following the jurors’ inability to reach a verdict.
The brothers were charged with conspiracy to commit wire fraud, money laundering, and conspiracy to receive stolen property related to their role in using maximal extractable value (MEV) bots to exploit $25 million in digital assets in 2023.
The case drew attention from many in the crypto industry for the possible ramifications of a guilty verdict on trading on Ethereum. The brothers could still face decades in prison if they were to be found guilty at retrial.
Morgan Stanley says it’s harvest time as Bitcoin enters “fall” season
Strategists from Morgan Stanley, a global investment bank and wealth management firm, say the crypto market has entered the “fall season” in Bitcoin’s four-year cycle, advising investors to harvest their gains before the potential onset of winter.
In a podcast episode titled Crypto Goes Mainstream, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, said that historical data indicates a consistent three-up, one-down rhythm in Bitcoin’s price cycles. Galindo urged investors to take profits in preparation for a crypto winter.
“We are in the fall season right now,” he said. “Fall is the time for harvest. So, it’s the time you want to take your gains. But the debate is how long this fall will last and when the next winter will start.”
The “harvest” analogy shows that major Wall Street executives are recognizing Bitcoin’s market rhythm with a cyclical investment framework, similar to commodities or liquidity-driven macro cycles.
On Nov. 5, Bitcoin (BTC) fell below $99,000, breaching a key macro indicator and reigniting debate over the market’s state. This put BTC below its 365-day moving average, according to CryptoQuant head of research Julio Moreno.
XRP, Chainlink ETFs tipped for launch with final filings
Exchange-traded funds (ETFs) for XRP (XRP) and Chainlink (LINK) could soon be set to go live as the final filings and listings typical of an impending launch appeared on Tuesday.
Bloomberg senior ETF analyst Eric Balchunas said the first ETF to directly hold XRP could hit the market as soon as Thursday, after Canary Capital filed a Form 8A for its XRP ETF with the Securities and Exchange Commission on Monday night, which must be lodged before securities are offered on an exchange.
Crypto reporter Eleanor Trent said Canary’s filing was “the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing,” allowing it to launch for trading on Thursday.
The Depository Trust and Clearing Corporation (DTCC) shows several other spot XRP ETFs waiting in the wings besides Canary’s, including funds from 21Shares, ProShares, Bitwise, Volatility Shares, REX-Osprey, CoinShares, Amplify and Franklin Templeton.
Meanwhile, Bitwise’s spot Chainlink ETF appeared on the DTCC’s registry under the ticker CLNK, a usually positive sign that the fund is moving closer to launch.
