Michael Saylor Suggests Microsoft to Adopt Bitcoin as Core Corporate Strategy
Michael Saylor made a 3-minute speech at the Microsoft board of directors. According to the Bitcoin strategy slides he released, he proposed that Bitcoin is the core opportunity for the next wave of technological innovation and suggested that Microsoft adopt Bitcoin as its core corporate strategy. He believes that Bitcoin is "digital capital" and in the current global asset market of about $900 trillion, the market value of Bitcoin is expected to grow from the current $2 trillion to $280 trillion in 2045, surpassing traditional assets such as bonds and gold.
The report emphasizes that Bitcoin far outperforms traditional financial instruments in terms of asset performance, with an annualized rate of return significantly higher than bonds and stocks, and almost no counterparty risk. Saylor also suggested that Microsoft invest part of its funds in Bitcoin to replace traditional dividend distribution and stock repurchase strategies, predicting that this move will increase Microsoft's market value by up to $4.9 trillion by 2034.
In addition, he pointed out that the global institutional support for Bitcoin is continuing to rise, including endorsements from governments, Wall Street and many prominent politicians, showing its potential to become an important part of the financial strategy of global companies. Saylor called on Microsoft to seize this opportunity and take a leading position in global digital financial innovation.
Japanese Crypto Exchange DMM Bitcoin to Shut Down Operations and Sell Assets to SBI Group Subsidiary
Japanese cryptocurrency exchange DMM Bitcoin will shut down operations and sell its assets to an SBI Group subsidiary, Nikkei reported.
XRP surpasses SOL in market value, ranking fourth in cryptocurrency market value ranking
PANews reported on December 2 that according to coingecko data, XRP's market value surpassed SOL, ranking fourth in the cryptocurrency market value ranking. XRP rose 17.6% in 24 hours, currently at US$2.28, with a market value of approximately US$130.1 billion. SOL fell 0.3% in 24 hours, currently at US$237.13, with a market value of US$112.7 billion.
Ethereum returns to the top 30 global asset market capitalization rankings
According to data disclosed by Cointelegraph on the X platform, Ethereum's market value has surpassed the US membership-based warehouse giant Costco and Vanguard Group, Inc., returning to the top 30 in the global asset market value ranking, currently ranking 29th.
Moonshot Launches Solana On-Chain Meme Coin Mundi (MUNDI)
Ripple locked 1 billion XRP into a custodial wallet early this morning
According to Whale Alert monitoring, Ripple has re-locked a total of 1 billion XRP into the custodial wallet at 2:21 and 2:22 am today, worth approximately US$1.546 billion.
Paxos: As of the end of October, the number of USDG tokens on the Ethereum network was 10,750,140
Stablecoin issuer Paxos released its first USDG attestation report, which disclosed that as of 5 pm Singapore time on October 31, 2024, the number of USDG tokens held by the USDG contract on the Ethereum network was 10,750,140, the fair value of the redeemed assets was at least equal to or greater than US$10,750,140, and the number of USDG tokens did not exceed the reported redemption asset balance.
Token Unlocks data shows that TAIKO, ADA, ENA and other tokens will be unlocked in large amounts next week, including:
Taiko (TAIKO) will unlock approximately 9.29 million tokens at 8:00 pm Beijing time on December 5, accounting for 11.38% of the current circulation, with a value of approximately US$20.9 million;
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 a.m. Beijing time on December 6, accounting for 0.05% of the current circulation, with a value of approximately US$19.8 million;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 p.m. Beijing time on December 4, accounting for 0.45% of the current circulation, with a value of approximately US$10.5 million;
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 a.m. Beijing time on December 4, accounting for 0.69% of the current circulation, with a value of approximately US$4.9 million;
Dora Factory (DORA) will unlock approximately 28.57 million tokens at 8:00 a.m. Beijing time on December 2, accounting for 2.86% of the current circulation and worth approximately US$3.5 million;
Cetus Protocol (CETUS) will unlock approximately 8.33 million tokens at 8:00 am Beijing time on December 6, accounting for 1.37% of the current circulation, with a value of approximately US$3.1 million;
Everclear (NEXT) will unlock approximately 20.11 million tokens at 8:00 a.m. Beijing time on December 5, accounting for 18.82% of the current circulation, with a value of approximately US$2.6 million;
Staika (STIK) will unlock approximately 1.57 million tokens at 8:00 am on December 4th, Beijing time, accounting for 0.00% of the current circulation, with a value of approximately US$2.4 million;
Delysium (AGI) will unlock approximately 8.57 million tokens at 8:00 a.m. Beijing time on December 5, accounting for 0.67% of the current circulation and worth approximately US$2.1 million.
