Trump hopes Bitcoin will reach $150,000 in the early days of his presidency.
Author: Deep Tide TechFlow
Market Dynamics
Microsoft shareholders vote against Bitcoin investment proposal
According to Jinshi, the voting results showed that major shareholders of Microsoft opposed the company's Bitcoin investment proposal on Tuesday.
Earlier, Microsoft's board had urged shareholders to reject a proposal from the National Center for Public Policy Research, which suggested that the company invest 1% of its total assets in Bitcoin to hedge against inflation.
At the annual meeting, MicroStrategy founder Michael Saylor gave a three-minute speech attempting to persuade Microsoft shareholders to support the proposal. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
Foreign media: Trump is very concerned about Bitcoin prices, hoping Bitcoin will reach $150,000 in the early days of his term
According to Axios, newly elected President Trump is very focused on Bitcoin prices, viewing it as another stock market. A senior transition source indicated that Trump hopes Bitcoin will reach $150,000 in the early days of his presidency. Notably, a "60 Minutes" investigation revealed that cryptocurrency companies contributed one-third of the direct corporate donations to super PACs in this election.
Goldman Sachs CEO: Will assess participation in Bitcoin or Ethereum markets if regulations allow
According to market news, the CEO of Goldman Sachs stated that they will assess participation in Bitcoin or Ethereum markets if regulatory bodies allow.
Fuel Labs announces the launch of native token FUEL, with 20% of initial supply allocated to the community
Fuel Labs announced that it will launch the native token FUEL of the Fuel network within the next two weeks. The initial total supply of the token is 10 billion, with 20% allocated to the community, and over 51% will be used for community, ecosystem, and research and development.
The FUEL token will ensure the decentralized sequencer operation of the network through a Proof of Stake (PoS) mechanism and introduce an economic incentive structure based on Application Specific Sequencing to reduce user gas fees. The Fuel network will expand its community through the second phase of the Fuel Points program and collaborations with platforms like Legion, Impossible Finance, and Bitget.
Bernstein: Quantum computing threat to Bitcoin still decades away, recent decline mainly due to excessive leverage
According to The Block, Bernstein analyst Gautam Chhugani's latest research report pointed out that despite Google releasing its first quantum chip, Willow, its 105 qubits' computing power is still far from the millions of qubits needed to crack Bitcoin's ECDSA and SHA-256 algorithms.
The recent drop in Bitcoin below $100,000 is mainly due to excessive leverage rather than a quantum computing threat. The firm maintains its 12-month target price for Bitcoin at $200,000 and advises investors to "buy the dip" in the $95,000-$98,000 range. The report emphasizes strong ETF demand, coupled with continued accumulation by institutions like MicroStrategy, MARA, and Riot, indicating an optimistic long-term outlook.
Previously, Google CEO Sundar Pichai announced the release of the next-generation quantum computing chip Willow, and cryptocurrency venture capital expert Adam Cochran stated that this breakthrough shortens the time for the crypto industry to address quantum computing risks to less than 10 years.
Binance removes inscription trading market, retaining only asset viewing and transfer functions
Binance Customer Support stated in response to user inquiries that the inscription trading market feature has been removed from the Binance wallet, and users can no longer buy or sell inscription assets on Binance. Users can still view and manage assets through the Binance inscription center and transfer inscriptions to other wallets. Users can find the "inscription" entry under the "See More" option on the Web3 page to operate. Previously, Binance announced the launch of a new version of the Binance wallet.
Decentralized trading platform Bluefin may launch BLUE token on December 11
The decentralized perpetual contract protocol Bluefin in the Sui ecosystem released a video on X, indicating that it may launch its token BLUE on December 11, 2024.
Earlier reports indicated that the decentralized trading platform Bluefin in the Sui ecosystem launched an airdrop eligibility query portal and will airdrop 17% of BLUE tokens.
Sonic Labs: Mainnet will officially launch next week
Layer1 blockchain project Sonic Labs (formerly Fantom) announced that its mainnet will go live next week.
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