1. MicroStrategy announced the acquisition of 15,400 BTC for $1.5 billion
MicroStrategy announced that it would acquire 15,400 BTC for $1.5 billion, with an average price of $95,976. MicroStrategy's quarterly return rate (QTD) to date is 38.7%, and its annual return rate (YTD) is 63.3%. As of December 2, 2024, MicroStrategy's total holdings of Bitcoin reached 402,100, with a total cost of approximately $23.4 billion and an average purchase price of $58,263 per coin.
2. WISDOMTREE has submitted an S-1 application for XRP ETF to the US SEC
WISDOMTREE has submitted an S-1 application for an XRP ETF to the U.S. Securities and Exchange Commission. The ETF will issue beneficial ownership common shares and will be listed on the Cboe BZX Exchange under the ticker TICKER. The Bank of New York Mellon (BNYM) serves as the trust's administrator, fund accountant, and transfer agent for the trust.
3. Sora Ventures launches a $150 million fund to replicate the MicroStrategy model
Sora Ventures has launched a $150 million fund that aims to replicate the MicroStrategy model, using Bitcoin as the primary reserve asset to optimize financial strategies. The fund will target companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea. In 2024, Japanese listed company Metaplanet, which has seen its stock price surge more than 1,000% this year, partnered with Sora Ventures to implement the model.
4. South Korea postpones cryptocurrency taxation again until 2027
Park Chan-dae, the leader of the Democratic Party of Korea, South Korea's largest opposition party, announced today that he would abandon the plan to implement cryptocurrency profit tax in 2025 and agree to postpone it for another two years to 2027. Previously, South Korea's plan to tax cryptocurrency gains was originally scheduled to be implemented in 2021. Once the tax is finally implemented, Korean cryptocurrency investors will face a 20% tax on digital asset gains.
5. Japan’s Financial Services Agency proposes lightweight legislation for non-exchange crypto intermediaries
Japan's Financial Services Agency (FSA) is studying a lightweight regulatory scheme for cryptocurrency intermediaries. These intermediaries are not directly involved in cryptocurrency transactions, but act as traffic guides for trading platforms (such as gaming applications or self-hosted wallets) and do not touch crypto assets or cash. According to the proposal, relevant institutions need to register as intermediaries, fulfill information disclosure obligations, comply with advertising restrictions, and assume potential liability when problems arise. The FSA is also considering compensation mechanisms, including requiring intermediaries to pay deposits or having their associated cryptocurrency exchanges bear liability.
6. Large amount of token unlocking this week
In the next 7 days, the single large amount unlocking (unlocking amount greater than 5 million US dollars) includes JTO NEON ADA TAIKO BANANA ENA AGI, etc., and the linear large amount unlocking (single-day unlocking amount greater than 1 million US dollars) in the next 7 days includes SOL WLD TIA TAO AVAX DOGE SEI NEAR DOT SUI FIL ARKM ENS ATOM, etc. The total unlocking value exceeds 1.14 billion US dollars.
7. Wu Blockchain this week's macroeconomic indicators and analysis: US non-farm payrolls, Federal Reserve Beige Book
summary
This week, we can focus on the US November non-farm data, the Federal Reserve’s Beige Book on economic conditions, Powell’s speech, etc.
Last week review
The Federal Reserve released the minutes of its November monetary policy meeting: the number of policymakers who believed that a gradual rate cut was appropriate due to uncertainty about the neutral interest rate changed from "some" to "many"; almost all policymakers believed that the risks to employment and inflation were still roughly balanced, some believed that the downside risks to economic activity and the labor market had decreased, and many believed that the risk of a transitional cooling of the labor market since the September meeting had decreased; some believed that the ON RRP rate should be considered to be adjusted to the lower limit of the federal funds rate. "New Fed News Agency": The minutes implied that if inflation progress stagnates, interest rate cuts will be more cautious; Fed officials discussed a technical reduction of the ON RRP rate by 5 basis points at a "future meeting". (Wall Street News)
The revised annualized quarterly rate of real GDP in the third quarter of the United States was 2.8%, the same as the expectations and initial value.
The U.S. core PCE price index rose from 2.7% to 2.8% in October, also in line with expectations.
The number of initial jobless claims in the United States for the week ending November 23 was 213,000, in line with expectations for 216,000. The previous value was revised from 213,000 to 215,000.
This week's key events & indicators
December 02
UK, US, France, Germany, Eurozone Manufacturing PMI
China's November Caixin Manufacturing PMI (09:45)
December 04
U.S. ADP employment in November (10,000 people) (21:15)
China's November Caixin Services PMI (09:45)
UK, US, France, Germany, Eurozone services PMI
