Blockchain Explained


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💰 MicroStrategy shares rise 10% after $2 billion Bitcoin acquisition at $74.4k

MicroStrategy has announced a major Bitcoin acquisition, securing approximately 27,200 BTC for $2.03 billion between Oct. 31 and Nov. 10, according to a Nov. 11 statement. This purchase comes amid a broader crypto market rally that has seen Bitcoin price rally to a new all-time high of more than $82,000.

Source

https://t.me/Blockchain_Explained


🪙 Ethereum Foundation reports crypto holdings of $788M, tightens conflict of interest policy for staff members

The Ethereum Foundation's financial report for this year revealed that it holds $970.2 million in cryptocurrencies and non-crypto assets as of Oct 31, 2024. The EF noted that it holds $788.7 million in crypto assets, 99.45% of which are held in ether, representing 0.26% of the total ether supply as of the end of October 2024. According to the report, it holds $181.5 million in non-crypto investments and assets.

Source

https://t.me/Blockchain_Explained


💰 US Bitcoin National Defense Policy promotes ‘Mutually Assured Preservation’ – Lowery

US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal. He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset.

Source

https://t.me/Blockchain_Explained


💰 Bitcoin predicted to hit $100k by Inauguration Day amid record pre-market equities trading

Bitcoin’s new all-time high of $75,000 following Donald Trump’s 2024 US presidential election win reflects heightened market optimism and anticipation of potential policy shifts favorable to digital assets. According to a report by digital asset custodian Copper.co, Bitcoin’s upward trajectory may continue into the new year.

Source

https://t.me/Blockchain_Explained


💰 Bitcoin as a US strategic reserve asset could create ‘monetary stability’ – BPI

Bitcoin’s maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin’s evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.

Source

https://t.me/Blockchain_Explained


💰 Solana saw its highest monthly active addresses, surpassing 120 million in October

Solana had its highest-ever monthly number of active addresses, over 123 million, last month. According to The Block's data dashboard, the number of unique addresses that signed transactions across Solana increased by over 42% from September's figure. The network had less than 12.7 million active addresses in January this year.

Source

https://t.me/Blockchain_Explained


💰 21Shares looks to secure SEC approval for XRP ETF amid growing interest in other crypto funds

Investment firm 21Shares is pursuing regulatory approval for a spot XRP exchange-traded fund, following similar proposals from other companies. 21Shares filed an S-1 registration statement with the U.S. Securities and Exchange Commission on Friday. The fund, called the 21Shares Core XRP Trust, will be listed on the Cboe BZX Exchange. Coinbase Custody Trust Company will be its custodian.

Source

https://t.me/Blockchain_Explained


🇺🇸 DOJ indicts Gotbit CEO for allegedly orchestrating massive wash trading scheme

The Department of Justice has indicted Aleksei Andriunin, founder and CEO of crypto financial services firm Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. Andriunin, a Russian national residing in Portugal, allegedly orchestrated a scheme to artificially inflate trading volumes for client crypto companies, including several based in the US. He was arrested on Oct. 16.

Source

https://t.me/Blockchain_Explained


💰 Canary Capital joins Solana ETF race amid rising investor demand

Canary Capital filed for a spot Solana ETF with the Securities and Exchange Commission (SEC) on Oct. 30, seeking to establish a US-based spot Solana (SOL) exchange-traded fund. The fund, titled the Canary Solana ETF, is designed to “provide exposure to the price of Solana (‘SOL’) held by the Trust,” according to the S-1 registration statement. Canary Capital did not specify a custodian or administrator in the filing.

Source

https://t.me/Blockchain_Explained


💰 Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO

Bitcoin’s (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin’s value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies.

Source

https://t.me/Blockchain_Explained


💰 Bitcoin expected to face high volatility as ‘Trump trade’ and Q4 seasonality converge – Bitfinex

Bitcoin (BTC) is set for turbulent weeks ahead, with election uncertainty, the “Trump trade” narrative, and historically favorable fourth-quarter conditions creating a “perfect storm” for market movement, according to the latest “Bitfinex Alpha” report. Bitcoin has already demonstrated “whipsaw” price action following the 6% correction BTC underwent last week after approaching $70,000.

Source

https://t.me/Blockchain_Explained


💰 1inch, Bruce Lee family launch ‘seriousLee’ DeFi campaign

1inch, a decentralized finance (DeFi) platform, has partnered with the Bruce Lee Family Company to promote DeFi adoption through the “Take crypto seriousLee” campaign. The collaboration aims to achieve improved adoption in DeFi through Bruce Lee’s legacy while highlighting the shared values between 1inch’s technology and Lee’s philosophy.

Source

https://t.me/Blockchain_Explained


🇰🇷 South Korea to regulate cross-border crypto trades by 2025

South Korean authorities are preparing to regulate cross-border digital asset transactions beginning in late 2025, according to an Oct. 25 report by Reuters. Under this framework, Korea-based companies facilitating digital asset transactions across borders must pre-register with regulatory bodies and submit monthly transaction reports to the Bank of Korea.

Source

https://t.me/Blockchain_Explained


💰 Bitcoin miners combined $28 billion market cap potentially undervalued compared to BTC trading volumes

Bitcoin’s daily trading volume is regularly surpassing the total market capitalization of public Bitcoin mining companies, amid concerns public miners are overvalued. On Oct. 21, Bitcoin recorded $37 billion in spot trading volume, maintaining a trend between $20 billion and $40 billion throughout 2024. Bitcoin derivative’s open interest has also reached an all-time high of around $40 billion.

Source

https://t.me/Blockchain_Explained


💰 US spot bitcoin ETFs reach highest recorded total asset value after six-day inflow streak

The twelve US-based spot bitcoin exchange-traded funds have set a new record, logging the highest total net asset value since the launch of the funds in January. Summed together, the funds now hold over $66.1 billion worth of bitcoin, according to SoSoValue data, surpassing the prior record of $62.6 billion from early June. The value held in the ETFs represents 4.89% of bitcoin's total market cap.

Source

https://t.me/Blockchain_Explained


🪙 EthOS introduces dGEN1 hardware device for Ethereum onchain interactions

Ethereum-based operating system ethOS has introduced dGEN1, a mobile device for engaging with onchain dapps and running a light client. Described by the company as “the first onchain everyday carry,” dGEN1 includes a browser and a built-in wallet. It also features a specialized screen that shows transaction notifications and metadata during network interactions.

Source

https://t.me/Blockchain_Explained


🪙 Vitalik Buterin’s ‘Surge’ plan aims for exponential Ethereum growth with 100,000 TPS

Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of the network’s evolution, known as “The Surge.” In an Oct. 17 blog post, Buterin shared critical objectives for this phase, aiming to achieve over 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 solutions. He also emphasized the importance of improving interoperability between layer-2 networks while preserving the decentralization and robustness of the blockchain’s mainnet.

Source

https://t.me/Blockchain_Explained


💰 Tesla moves its remaining estimated $770 million bitcoin stockpile to multiple new addresses

Tesla, the electric vehicle juggernaut operated by Elon Musk, has moved 11509 bitcoins worth an estimated $770 million to new addresses, according to onchain data tracked by analytics firm Arkham Research. This appears to be the company's entire remaining bitcoin treasury. In a series of transactions over the past hour, the company, which made an unprecedented $1.5 billion investment into bitcoin in February 2021, moved approximately $770 million worth of the cryptocurrency to about seven new addresses.

Source

https://t.me/Blockchain_Explained


💰 MicroStrategy eyes trillion-dollar valuation in bitcoin bank endgame, Michael Saylor tells Bernstein

MicroStrategy has aggressively acquired bitcoin since 2020, leveraging debt and equity to maximize returns and outperform many traditional investments. The firm’s latest purchase of 7,420 announced last month took its holdings to 252,220 BTC, currently valued at just over $15 billion, against a total cost of around $9.9 billion and $4 billion worth of debt. That’s the equivalent of 1.2% of bitcoin’s total 21 million supply — making MicroStrategy the largest corporate bitcoin holder in the world.

Source

https://t.me/Blockchain_Explained


💰 Mt. Gox extends creditor repayment deadline to 2025

The trustee overseeing the collapsed Japanese crypto exchange Mt. Gox has extended the creditor repayment deadline by one year to Oct. 31, 2025, according to an Oct. 10 statement. The exchange’s Rehabilitation Trustee, Nobuaki Kobayashi, stated that the extension was necessary to complete the repayment process for all creditors. The previous deadline had been set for Oct. 31, 2024.

Source

https://t.me/Blockchain_Explained

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