MicroStrategy purchased 55,500 Bitcoins last week, with a total value of $5.4 billion
According to MicroStrategy's latest 8-K filing, the company purchased 55,500 bitcoins between November 18 and 24, 2024, with a total value of approximately US$5.4 billion and an average price of US$97,862 per bitcoin. The purchase was made using funds from convertible bond issuance and stock sales. As of November 24, MicroStrategy held a total of 386,700 bitcoins, with a total purchase cost of approximately US$21.9 billion and an average cost of US$56,761 per bitcoin. The company said that the quarterly return on its Bitcoin holdings reached 35.2%, and the annual return reached 59.3%.
According to official news, video sharing platform and cloud service provider Rumble (NASDAQ: RUM) announced that its board of directors has approved a corporate financial diversification strategy to allocate part of the company's excess cash reserves to Bitcoin. Rumble's Bitcoin allocation strategy will include the purchase of up to $20 million in Bitcoin at the company's discretion. According to the allocation strategy, the actual timing and value of Bitcoin purchases will be determined by management at its discretion and will depend on a variety of factors, including but not limited to general market and business conditions, Bitcoin trading prices, and Rumble's expected cash needs. The allocation strategy may be suspended, terminated or modified at any time for any reason. Chris Pavlovski, chairman and CEO of Rumble, said: "We believe that the world is still in the early stages of Bitcoin adoption, and the pace of Bitcoin adoption has recently accelerated with the election of a cryptocurrency-friendly presidential administration in the United States and increased institutional adoption. Unlike any government-issued currency, Bitcoin will not be diluted by endless money printing, making it a valuable inflation hedge and an excellent addition to our treasury."
Fox Business reporter: WisdomTree registers XRP ETF in Delaware
Fox Business reporter Eleanor Terrett posted on the X platform that global ETF provider WisdomTree has registered the XRP ETF in Delaware, and she has confirmed with the company that this is a legal application. It is worth noting that WisdomTree currently manages more than $100 billion in assets.
Semler Scientific purchased 297 Bitcoins, bringing its total holdings to 1,570
Semler Scientific purchased 297 bitcoins between November 18 and 22, with a total cost of approximately $29.1 million and an average price of $97,995 per bitcoin. As of November 22, the company held a total of 1,570 bitcoins, with a total investment of approximately $117.8 million and an average purchase cost of $75,039 per bitcoin. In addition, Semler Scientific announced that its quarterly bitcoin yield (BTC Yield) reached 37.4%, and its year-to-date yield reached 58.4%. The company stated that Bitcoin has been included as a major financial reserve asset and has achieved asset appreciation through its fund management strategy.
According to Aggr News, Robinhood’s US platform has officially launched the WIF token.
DEXX founder: The compensation plan will soon be announced and implemented through official channels
DEXX founder Roy posted a message on the X platform, responding to the recent hacker attacks on the platform and thanking users for their concern and support. He elaborated on the team's current efforts and future plans. 1. Recovering funds: The team is working with law enforcement agencies and multiple security companies to lock down hackers and is determined to recover stolen assets. 2. Maintaining operations: Despite the financial and operational pressures, the DEXX team has not laid off any members and has achieved a trading volume of approximately US$2 million in the past week, bringing in profits of nearly US$20,000. 3. Improving security: Currently working with security experts to fully upgrade the platform's asset security plan to ensure the security of users' future assets. 4. Compensation plan: The team is verifying the source of each transferred fund to distinguish between funds withdrawn by users themselves and funds transferred by hackers, to ensure the fairness and accuracy of the compensation plan. At present, independent third-party security companies such as SlowMist are assisting in statistical verification. Roy said that the team will soon release a compensation plan announcement through official channels and promise to be responsible to the affected users to the end. At the same time, he emphasized that if the hacker takes the initiative to contact within 48 hours, the team will communicate with a solution attitude, otherwise it will be pursued through legal channels. Roy called on institutional funds and partners to help DEXX overcome difficulties, and promised to rebuild user trust with sincerity and responsibility. Earlier today, SlowMist founder Yu Xian posted: "There are more than 1,000 victims who directly submitted stolen form information to us."
According to CEO Today, Apple CEO Tim Cook revealed in a recent interview that he has personally held Bitcoin for three years as part of his diversified investment. However, Cook made it clear that this investment is a personal act and has nothing to do with Apple. Apple will not incorporate cryptocurrencies into its business model, including payment systems or company portfolios in the near future or in the future. Cook pointed out that the potential of Bitcoin is worth paying attention to, but Apple remains cautious about emerging technologies. At present, Apple focuses on core product lines such as smartphones, computers, wearable devices and related services, rather than entering the highly volatile crypto market. At the same time, although Apple allows the App Store to launch encrypted wallets and blockchain-related applications, it has no plans to further directly participate in the crypto ecosystem. Compared with the strategy of companies such as Tesla to openly embrace Bitcoin, Apple has chosen a conservative route, reflecting its brand's core value of focusing on stability and user security. Although Cook's statement shows his personal recognition of Bitcoin, it also clarifies Apple's position of taking a wait-and-see attitude in the field of cryptocurrency.
Avalanche announced that the Avalanche9000 testnet is officially online, and launched a retroactive reward program called Retro9000, with a total reward of up to 40 million US dollars, including a 2 million US dollar referral reward. The program will specifically reward developers who develop L1 blockchains and related key development tools on the Avalanche9000 testnet. Avalanche9000 includes technical updates such as Etna upgrades, ACP-77, and ACP-125, which will reduce deployment costs by 99.9%, simplify customization, and enhance maintenance performance. Currently, more than 500 L1 projects are being developed on the testnet and mainnet, covering a variety of fields such as community games, small business payment solutions, and institutional research.
Telegram’s digital assets valued at $1.3 billion in H1 2024
According to unaudited financial statements, Telegram reported a huge increase in the value of its digital assets in the first half of 2024, from nearly $400 million at the end of last year to $1.3 billion, according to the Financial Times. The documents show that this growth, combined with its gains from the sale of its closely related cryptocurrency Toncoin and another Toncoin-related transaction, provided the Dubai-based company with a financial cushion after its founder Durov ran into legal trouble; Durov is still on bail in France awaiting trial. According to the financial statements, Telegram generated $525 million in revenue in the six months to the end of June, an increase of 190% from the same period in 2023. According to the documents, nearly half of the revenue, or $225 million, came from a one-time transaction with an unnamed company. Under the terms of the deal, Telegram allowed the cryptocurrency Toncoin to be the only way for small businesses to buy advertising on the app in exchange for "remuneration." The exclusive agreement was terminated on October 1, the documents said. Telegram said in its disclosure that it "holds a large amount of Toncoin and is exposed to changes in the market value of Toncoin," and acknowledged that its price has been volatile since Durov was detained. The company earned $353 million from the sale of digital assets in the first half of the year to June, and has since sold another $348 million of Toncoin. The company also achieved a post-tax profit of $335 million in the first half of this year. These figures far exceed the $342 million in revenue and $173 million in losses for the full year 2023, indicating that Telegram was on track to achieve its first annual profit before Durov was detained.
Pump.fun will suspend live streaming to strengthen content review
Meme coin launch platform Pump.fun announced that it will suspend the live broadcast function of the platform indefinitely until the content review infrastructure can cope with the increased activity. Pump.fun said that in the future, it will increase the transparency of the rules by issuing guidelines and provide creators and users with clearer review decision information.
According to official news, BNB Chain ecosystem re-pledge infrastructure Kernel announced that it has raised a total of US$10 million in multiple rounds of financing. Investors include Binance Labs, SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA and DWF Labs. According to reports, Kernel is a core re-pledge infrastructure project focused on BNB Chain. Kernel is about to launch the mainnet and will introduce KERNEL tokens to unify the governance and incentives of Kelp, Kernel and Gain, reward early supporters and promote the development of the ecosystem.
Earlier news, Binance Labs announced its investment in BNB Chain re-hypothecation infrastructure Kernel .
Trump family crypto project WLFI receives $30 million investment from Justin Sun
According to Bloomberg, Tron founder Justin Sun invested $30 million in World Liberty Financial (WLFI), the DeFi project of US President-elect Trump, becoming the largest investor in the project. Sun wrote on the X platform: "The United States is becoming a blockchain center, and the rise of Bitcoin is thanks to Trump." A WLFI spokesperson said in a statement: "There have been several major purchases in recent weeks, and we are confident of future success. More such developments are expected in the coming weeks and months."
An EthDev-related address transferred 5,597 ETH to Kraken 9 hours ago, equivalent to $19.45 million
According to Lookonchain monitoring, 9 hours ago, an EthDev-associated address transferred 5,597 ETH to Kraken, with a value of US$19.45 million.
ZKasino has deposited all of the user’s 10,535 ETH into Aave and borrowed to buy 3,515 ETH
According to the on-chain analyst Ember, ZKasino is still leveraging. This morning, he deposited 5,265 ETH from another address into Aave as collateral to borrow 12.348 million DAI and buy 3,515 ETH. They have now deposited all 10,535 ETH of users into Aave as margin to borrow 31.937 million DAI and buy 9,316 ETH. The average price of this leveraged ETH purchase is $3,428.
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