MicroStrategy purchased 55,500 bitcoins last week, worth $5.4 billion
According to MicroStrategy's latest 8-K filing, the company purchased 55,500 bitcoins between November 18 and 24, 2024, at a total value of approximately $5.4 billion, with an average price of $97,862 per bitcoin. This purchase was funded by the proceeds from the issuance of convertible bonds and the sale of stock. As of November 24, MicroStrategy holds a total of 386,700 bitcoins, with a total purchase cost of approximately $21.9 billion and an average cost of $56,761 per bitcoin. The company stated that the quarterly return on its bitcoin holdings was 35.2%, and the annual return was 59.3%.
According to official information, the video sharing platform and cloud service provider Rumble (NASDAQ:RUM) has announced that its board of directors has approved a corporate financial diversification strategy to allocate a portion of the company's excess cash reserves to bitcoin. Rumble's bitcoin allocation strategy will include the company's self-directed purchase of up to $20 million in bitcoin. According to the allocation strategy, the actual timing and value of bitcoin purchases will be determined by management, and will depend on various factors, including but not limited to general market and business conditions, the trading price of bitcoin, and Rumble's expected cash requirements. The allocation strategy may be suspended, terminated, or modified at any time for any reason. Rumble's Chairman and CEO, Chris Pavlovski, stated: "We believe the world is still in the early stages of bitcoin adoption, and with the election of a president-friendly to cryptocurrencies in the US and increasing institutional adoption, the pace of bitcoin adoption has recently accelerated. Unlike any government-issued currency, bitcoin will not be diluted by endless printing, making it a valuable inflation hedge and a great complement to our treasury."
Fox Business reporter: WisdomTree has registered an XRP ETF in Delaware
Fox Business reporter Eleanor Terrett posted on the X platform that global ETF provider WisdomTree has registered an XRP ETF in Delaware, and she has confirmed with the company that this is a legitimate filing. It is worth noting that WisdomTree currently manages assets exceeding $100 billion.
Semler Scientific purchased 297 bitcoins, with a total holding of 1,570 bitcoins
Semler Scientific purchased 297 bitcoins between November 18 and 22, at a total cost of approximately $29.1 million and an average price of $97,995 per bitcoin. As of November 22, the company has a cumulative holding of 1,570 bitcoins, with a total investment of approximately $118.8 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 incorporated as a major financial reserve asset, and its asset appreciation has been achieved through its capital management strategy.
Robinhood US has launched the WIF token
According to Aggr News, the Robinhood US platform has officially launched the WIF token.
DEXX founder Roy posted on the X platform, responding to recent issues related to the platform's hacking incident, and expressed gratitude for users' concern and support. He detailed the team's current efforts and future plans. 1. Recovering funds: The team is working with law enforcement agencies and multiple security companies to locate the hacker and recover the stolen assets. 2. Maintaining operations: Despite financial and operational pressures, the DEXX team has not laid off any members, and has achieved a trading volume of approximately $2 million in the past week, generating nearly $20,000 in profits. 3. Enhancing security: The team is collaborating with security experts to comprehensively upgrade the platform's asset security solutions to ensure the future safety of user assets. 4. Compensation plan: The team is verifying the source of each withdrawal to distinguish between user withdrawals and hacker transfers, to ensure the fairness and accuracy of the compensation plan. Independent third-party security companies like SlowMist are currently assisting with the verification and reconciliation work. Roy stated that the team will soon release an official announcement regarding the compensation plan, and promised to be responsible to the affected users. He also emphasized that if the hacker contacts the team within 48 hours, the team will communicate with a problem-solving attitude; otherwise, they will pursue legal action. Roy called on institutional funds and partners to help DEXX overcome the difficulties, and promised to rebuild user trust with sincerity and responsibility. Earlier today, SlowMist founder Yu Xian posted that the number of victims who have directly submitted their stolen information to them has exceeded 1,000.
According to CEO Today, in a recent interview, Apple CEO Tim Cook revealed that he has personally held bitcoin as part of his diversified investment portfolio for the past three years. However, Cook clearly stated that this investment is a personal decision and is not related to Apple as a company. Apple will not incorporate cryptocurrencies into its business model, including payment systems or the company's investment portfolio, in the near future or in the future. Cook pointed out that the potential of bitcoin is worth noting, but Apple maintains a cautious attitude towards emerging technologies. Currently, Apple is focused on its core product lines, such as smartphones, computers, wearables, and related services, rather than entering the highly volatile cryptocurrency market. Although Apple allows crypto wallets and blockchain-related applications on the App Store, it does not plan to further directly participate in the crypto ecosystem. Compared to companies like Tesla that have openly embraced bitcoin, Apple has chosen a more conservative approach, reflecting its brand's focus on stability and user security as core values. While Cook's statement shows his personal recognition of bitcoin, it also clearly indicates Apple's stance of taking a wait-and-see attitude in the cryptocurrency field.
Avalanche announces the launch of Avalanche9000 testnet and a $40 million retroactive reward program
Avalanche has announced the official launch of the Avalanche9000 testnet, and has also launched the Retro9000 retroactive reward program, with a total reward of $40 million, including a $2 million referral reward. The program will specifically reward developers who have developed L1 blockchains and related key development tools on the Avalanche9000 testnet. Avalanche9000 includes technical updates such as the Etna upgrade, 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 developing on the testnet and mainnet, covering areas such as community games, small business payment solutions, and institutional research.
Telegram's digital asset value is expected to reach $1.3 billion in the first half of 2024
According to the Financial Times report, based on unaudited financial statements, Telegram reported a massive 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. These documents show that this growth, along with its earnings from the sale of the cryptocurrency Toncoin, which is closely related to itself, and another transaction related to Toncoin, provided financial cushion for the Dubai-based company after its founder Durov encountered legal troubles; Durov is currently on bail in France. According to the financial statements, Telegram generated $525 million in revenue in the six months ended June 30, up 190% from the same period in 2023. According to the documents, nearly half of the revenue (i.e., $225 million) came from a one-time transaction with an unnamed company. According to the terms of the transaction, Telegram allowed the cryptocurrency Toncoin to be the sole method for small businesses to purchase ads on the app in exchange for "compensation". The document states that this exclusive agreement expired on October 1. Telegram disclosed that it "holds a large amount of Toncoin and faces the risk of changes in the market value of Toncoin" and acknowledged that its price has been volatile since Durov's detention. In the first half of the year through June, the company generated $353 million in gains from the sale of digital assets, and then sold an additional $348 million worth of Toncoin. The company also achieved $335 million in net profit in the first half of this year. These figures are far ahead of 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's detention. Pump.fun to temporarily suspend live streaming function to strengthen content review Meme coin launch platform Pump.fun has announced that it will indefinitely suspend the live streaming function of the platform until the content review infrastructure can handle the growing activity. Pump.fun stated that it will increase transparency of the rules through the release of guidelines, and provide clearer review decision information for creators and users. BNB Chain ecosystem re-collateralization infrastructure Kernel completes $10 million in funding, with investors including Binance Labs According to official news, the BNB Chain ecosystem re-collateralization infrastructure Kernel has announced that it has raised a total of $10 million in multiple rounds of financing, with investors including 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. It is reported that Kernel is a core re-staking infrastructure project focused on the BNB Chain, and Kernel will soon launch its mainnet and introduce the KERNEL token to unify the governance and incentive measures of Kelp, Kernel and Gain, rewarding early supporters and driving ecosystem development. Earlier, Binance Labs announced an investment in the BNB Chain re-collateralization infrastructure Kernel. Trump family crypto project WLFI receives $30 million investment from Justin Sun According to a Bloomberg report, TRON founder Justin Sun has invested $30 million in the DeFi project World Liberty Financial (WLFI) of former US President Trump, becoming the project's largest investor. Justin Sun wrote on the X platform: "America is becoming a blockchain hub, 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 in our future success. More developments are expected in the coming weeks and months." An EthDev-associated address transferred 5,597 ETH, worth about $19.45 million, to Kraken 9 hours ago According to Lookonchain monitoring, 9 hours ago, an EthDev-associated address transferred 5,597 ETH, worth about $19.45 million, to Kraken. ZKasino has deposited all 10,535 ETH of users' funds into Aave and borrowed 31.937 million DAI to buy 9,316 ETH According to on-chain analyst Yujin, ZKasino is continuing to leverage up, and this morning transferred another 5,265 ETH from another address to Aave as collateral to borrow 12.348 million DAI and buy 3,515 ETH. They have now deposited all 10,535 ETH of users' funds into Aave as margin to borrow 31.937 million DAI to purchase 9,316 ETH. The average price of these leveraged ETH purchases is $3,428. **PANews APP has been updated, download it now to experience the new features!** [Comments] Feel free to express your views and exchange opinions. [Floating Window] Reading interrupted, return anytime. [In-text Search] Quick location, straight to the core.
