JPMorgan faces criticism from Bitcoin enthusiasts over its planned launch of leveraged Bitcoin-backed notes in December 2025, which some claim could disadvantage corporate BTC treasuries. Meanwhile, Animoca Brands founder Yat Siu is optimistic about altcoins, predicting they will outperform Bitcoin as the company prepares for an IPO. In other news, Tom Lee has revised his Bitcoin year-end forecast, now suggesting a potential rise to $100,000, down from his previous $250,000 target. Conor McGregor's NFT venture faced scrutiny from onchain analyst ZachXBT, following McGregor's criticism of Khabib's NFT project. Additionally, Thailand has ordered Worldcoin to delete 1.2 million iris scans due to privacy concerns after raids on scanning sites. President Trump announced he has selected a new Federal Reserve chair, with an official announcement forthcoming. As Bitcoin stabilizes and altcoins gain momentum, market participants are evaluating their strategies for December.