headlines
MicroStrategy’s Bitcoin holdings exceed $2.39 billion in floating profit
As the price of Bitcoin exceeded 44,000 USDT, MicroStrategy’s Bitcoin holdings have exceeded US$2.39 billion.
Historical data shows that MicroStrategy currently holds 174,530 Bitcoins, with an average purchase price of $30,252.
Bitcoin’s market capitalization surpasses Meta and returns to 9th place in global asset rankings
8 marketcap data shows that Bitcoin has returned to ninth place in the global asset market value rankings with a market value of US$858.21 billion, surpassing the market value of Meta Platforms (Facebook) (US$821.96 billion) and currently ranking behind NVIDA (US$1.15 trillion).
The Binance trading interface shows that multiple trading pairs of the euro stablecoin AEUR have been suspended, including AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR.
As previously reported, the price of the euro stablecoin AEUR once rose by about 200%. Multiple trading pairs of AEUR experienced price changes, or price abnormalities were caused by errors in placing orders by market makers.
ETF Progress
BlackRock Spot Bitcoin ETF Raises $100,000 in “Seed Funding”
Investment giant BlackRock disclosed in its latest filing with the U.S. SEC that it received $100,000 in “seed capital” for its proposed spot Bitcoin ETF.
Seed investors agree to purchase $100,000 of shares on October 27, 2023 and deliver 4,000 shares (Seed Shares) on the same day at a unit price of $25, the filing said.
SEC delays decision on Grayscale Spot Ethereum ETF
U.S. SEC delays decision on whether to approve Grayscale spot Ethereum ETF. The SEC said it would extend its decision on the proposed fund by 45 days to Jan. 25, according to Tuesdays filing.
The Commission believes it is appropriate to designate a longer period of time to address the proposed rule changes to allow sufficient time to consider the proposed rule changes and the issues raised therein, the SEC said.
Pando Asset files 19 b-4 filing with SEC to apply for spot Bitcoin ETF
Bloomberg analyst James Seyffart said on the There are currently 13 potential issuers of the spot Bitcoin ETF.
Industry News
Fairlead Strategies: Coinbase stock price could see further gains
Shares of Coinbase (COIN) have soared nearly 300% this year, far outpacing BTC gains. And according to the Fairlead Strategies analyst team, further gains may be on the horizon as COIN is on track to confirm a breakout of a long-term fundamental pattern.
Bitcoin was mentioned in 1,074 SEC filings in November, a record high
Last month saw a record number of mentions of the word bitcoin in company filings with the U.S. Securities and Exchange Commission, according to The Block.
Rebecca Stevens, a research analyst at The Block, said there were 1,074 documents mentioning Bitcoin in November, a 35.1% increase compared to the same month last year. She added that this was also a 32.6% increase from the previous record high of 810 set in May this year.
South Korean crypto traders appear to be growing in influence during the recent Bitcoin rally. Bitcoin prices surged more than 50% during that period, reaching a nearly two-year high. CCData data shows that in November this year, the South Korean won surpassed the US dollar for the first time and became the largest fiat currency trading pair in cryptocurrency trading. This data does not include the trading volume of stablecoins and related trading pairs.
Project News
Bitcoin core developer Luke Dashjr posted on the X platform: “Inscription is exploiting a vulnerability in the Bitcoin Core client to send spam information to the blockchain.
There are still vulnerabilities in Bitcoin Core in the upcoming V2 6 version. I can only hope it will be finally fixed before next years V2 7.
TokenFi Staking will be launched on the Ethereum and BNB chain mainnets on December 8
According to official news, TokenFi announced that TokenFi Staking will be launched on the Ethereum and BNB chain mainnets on December 8, 2023.
OKX Web3 wallet launches inscription tool and supports 15 EVM public chains
According to official news, OKX Web3 wallet has officially launched the inscription tool, which supports users to select text mode or hexadecimal mode to inscribe single text or multiple texts in batches. Currently, the OKX inscription tool supports 15 EVM-based public chains such as Ethereum and Polygon. Users can inscribe inscriptions anytime and anywhere through the OKX Web3 mobile terminal and web terminal. In the future, the OKX Web3 wallet inscription tool will soon support more heterogeneous chains.
Investment and Financing
Pyth Data Association, a non-profit organization developed by the oracle project Pyth Network, has completed financing, with participation from Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global and Delphi Digital.
Nostr Assets Protocol suspends deposit service due to capacity saturation
The Bitcoin Lightning Network Nostr Assets Protocol announced on the community that since the platform has currently reached its maximum capacity, it will have to temporarily suspend all deposit operations.
Nostr Assets Protocol also stated that the project is actively solving inbound capacity issues and advised users not to try to deposit assets to the platform for the time being.
Venture capital firm Heartcore Capital has raised €15 million ($16.3 million) for its first Web3 fund, which will focus on the encryption infrastructure track.
Crypto mining company Phoenix Group completes $371 million IPO on Abu Dhabi Securities Exchange
Crypto mining company Phoenix Group completed a $371 million IPO on the Abu Dhabi Securities Exchange (ADX) and rose 50% that day. The IPO attracted nearly $12 billion in funds and was oversubscribed up to 33 times.
DeFi platform Curvance completes $3.6 million in seed round financing
DeFi platform Curvance has raised $3.6 million in seed funding from Arbitrum developer Offchain Labs, cross-chain messaging platform Wormhole, and angel investors including Polygon co-founder Sandeep Nailwal. Core contributors from crypto projects Scroll, Mantle, Eigenlayer, GMX, Curve Finance, Convex Finance, Balancer, Aura Finance and Pendle Finance as well as DAOs including Frax Finance.
CARV, a decentralized identity startup for gamers, has completed a new round of strategic financing, with participation from HashKey Capital and a global technology company worth hundreds of billions of dollars.
Crypto data analytics platform Shadow secures $9 million in funding led by Paradigm
Crypto data analytics platform Shadow has raised $9 million in funding led by Paradigm, with other investors including Coinbase Ventures, Electric Capital, the Ethereum Foundation, Uniswap and Flashbots.
It is reported that this financing will be used to reduce development costs in Ethereum.
According to official news, the Ethereum Layer 2 Rollup project Ten (formerly Obscuro) announced the completion of US$7.5 million in financing from Republic Capital, KuCoin Labs, R 3, Big Brain Holdings, Magnus Capital, Builder Capital, DWF Labs, Pragma Ventures, GTS Ventures, etc. Participate in investment.
Endless Clouds, the developer of blockchain game Treeverse, completed US$2.5 million in strategic financing, with founders and executives from Animoca Brands, Sky Mavis, YGG, Faze Clan, Immutable, Pudgy Penguins, Pixelmon, Pixels Online, Pixel Vault and other companies participating in the investment.
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