MicroStrategy announced yesterday that it raised $2.03 billion and purchased 27,200 BTC.
Author: Deep Tide TechFlow
Market Dynamics Yesterday
Trump Seeks Candidates to Support Cryptocurrency for Financial Institutions
According to the Washington Post, U.S. President-elect Trump is preparing to take a more lenient stance on cryptocurrency, seeking key candidates for positions friendly to the crypto industry, while his senior advisors are consulting with crypto executives on potential changes to federal policy.
Initial discussions have focused on a range of financial regulatory agencies, including the SEC. Five informed sources revealed that Trump's advisors are considering current regulators, former federal officials, and executives from the financial industry for key leadership positions, many of whom have publicly expressed support for cryptocurrency. They warned that the discussion is still in its early stages, and the candidate list is subject to change.
F2Pool Co-founder Wang Chun: Has Mined 16.2 Billion DOGE, Will Fund a Mars Mission if Price Reaches $1
F2Pool co-founder and stakefish founder Wang Chun (@satofishi) posted on the X platform that if the price of DOGE reaches $1, he will fund a Mars mission named "Marsrise." The mission is scheduled to launch on January 19, 2029, which happens to be the last day of Trump's potential second term.
Wang Chun stated, "Dogecoin was born to fly. Did you know? Since its launch in 2013, we have mined 16.2 billion $DOGE, accounting for 11% of the total existing Dogecoin supply."
Coinbase Stock Closes at $324.24, Highest Since November 2021
Coinbase (COIN) stock closed at $324.24, up 19.7% for the day, marking the highest closing price since November 19, 2021. Over the past five trading days, COIN's stock price has risen a total of 75%. Bloomberg ETF analyst Eric Balchunas noted that Coinbase and MicroStrategy both made it into the top five stocks by trading volume for the first time, trailing only Tesla and Nvidia.
Brevis Network Completes $7.5 Million Seed Round Financing, Led by Polychain Capital and Binance Labs
Zero-knowledge (ZK) co-processor startup Brevis Network has completed a $7.5 million seed round token financing, co-led by Polychain Capital and Binance Labs.
Brevis co-founder Michael Dong stated that the financing started in June and was completed in September. Brevis's ZK co-processor aims to enhance blockchain scalability through ZK proofs and is currently in the beta mainnet phase, with partners such as Kwenta, JoJo Exchange, and Trusta already utilizing it.
MicroStrategy Increases Holdings by Approximately $2.03 Billion, Purchasing 27,200 BTC
MicroStrategy announced that it raised $2.03 billion and purchased 27,200 BTC. The company currently holds 279,420 BTC, with a year-to-date return of 26.4% on BTC.
Binance Lists ACT and PNUT
Binance will list Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) on November 11, 2024, at 18:00 (UTC+8) and will apply seed tags.
He Yi: The Listing Fees for ACT and PNUT are Both $0
Binance co-founder He Yi posted on social media stating, "The listing fees for ACT and PNUT on Binance are both $0."
ENS Announces Launch of Its Own Layer 2 Network Namechain, Expected to Go Live by End of 2025
ENS Labs, the company behind Ethereum Name Service (ENS), announced plans to launch its own Layer 2 blockchain network, Namechain, expected to go live around the end of 2025.
According to ENS Labs COO Katherine Wu, Namechain will utilize zero-knowledge rollup technology, which accelerates blockchain transactions and reduces execution costs by compressing the amount of data published on-chain. Wu stated that this technology allows Namechain to process and execute transactions outside of the Ethereum mainnet while maintaining Ethereum's full security, but at a fraction of the original cost.
StakeStone Completes $22 Million Financing, Led by Polychain Capital
According to Bitcoin.com, ETH staking liquidity derivatives platform StakeStone announced the completion of $22 million in financing, led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures, along with participation from SevenX Ventures, Nomad Capital, HashKey Capital, and others.
Musk's Net Worth Rises to $320 Billion, Increasing by $16.2 Billion in a Single Day
Tesla (TSLA.O) saw a nearly 9% increase in its stock price on Monday, boosting the net worth of the world's richest person, Musk. According to Forbes' billionaire list, Musk's wealth increased by $16.2 billion in a single day, bringing his total assets to $320.2 billion.
Market Trends
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