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Daedalus Wallet is a cryptocurrency wallet designed specifically for the Cardano blockchain. It is the official wallet for storing ADA, the native cryptocurrency of the Cardano platform. Daedalus is a full-node wallet, which means it downloads and locally stores the entire Cardano blockchain, providing users with increased security and control over their funds.
Benefits of Daedalus Wallet:
Security: Daedalus is a full-node wallet, which means it downloads and verifies the entire Cardano blockchain. This enhances security by reducing reliance on third-party servers.Control: Users have full control over their private keys, ensuring that they have ownership and access to their funds.Staking: Daedalus allows users to participate in the Cardano network’s proof-of-stake consensus mechanism by staking their ADA. Staking rewards are earned by supporting the network’s security and functionality.User Interface: Daedalus provides a user-friendly interface, making it easy for users to manage their ADA holdings, delegate to staking pools, and view transaction history.Compatibility: Daedalus is available for Windows, macOS, and Linux operating systems, providing broad compatibility.
Disadvantages of Daedalus Wallet:
Blockchain Download: The initial blockchain download can be time-consuming and resource-intensive, as it requires users to download the entire Cardano blockchain.Resource Requirements: Running a full node wallet like Daedalus may require a significant amount of disk space and computational resources.Learning Curve: For beginners, the full range of features in Daedalus may have a learning curve, especially for those unfamiliar with cryptocurrency wallets and blockchain technology.
Main Use in Detail:
The main use of the Daedalus Wallet is to securely store and manage ADA, the cryptocurrency native to the Cardano blockchain. Users can send and receive ADA, delegate their holdings for staking, and participate in the Cardano network’s consensus mechanism. The wallet’s full-node nature enhances security and decentralization.
One notable feature is the ability to delegate ADA to staking pools directly from the wallet interface, allowing users to earn staking rewards and support the Cardano network without relying on external services.
Overall, Daedalus serves as a comprehensive and secure wallet solution for users deeply involved in the Cardano ecosystem, offering features beyond basic transaction capabilities.

Grayscale’s Horizen Trust (HZEN) is now accessible to accredited investors, providing investors with exposure to ZEN without the complications of direct ownership.
Grayscale has disclosed that its Horizen Trust, HZEN, is now accessible to accredited investors. The business has had this Trust for some years, but it was not previously offered over the counter.
Horizen has recently experienced its final halving, and the broader crypto bull market has provided it with a new bull rally. Nevertheless, the token value is still a significant distance from its 2021 the peak, and it appears that a complete recovery is a challenge.
In accordance with a recent blog post from Grayscale, accredited investors are now able to access HZEN. Horizen (ZEN) is the foundation of this Trust product, which is a zero-knowledge cryptography network.
Grayscale has maintained HZEN for an extended period of time, despite the fact that it was not technically accessible to investors. The company’s statements provide a few indications as to why it commenced trading.
“Horizen’s tokenomics underwent a significant transformation prior to its most recent halving. The new model will introduce a declining emission rate, which will result in the cessation of halvings following this significant milestone. Greyscale Horizen Trust provides investors with the opportunity to invest in ZEN without the need to purchase, store, or safeguard it directly,” according to a statement on its social media platform.
A token that is mineable and operates on a halving system similar to Bitcoin is known as ZEN. It achieved its highest point in 2021, during which time it was one of the most significant gainers in the sector.
Nevertheless, it experienced an unprecedented decline that year, and it only just managed to regain its equilibrium by 2022. Grayscale may anticipate future profits between this and the most recent halving, as Horizen has experienced a new rally from the bull market.
At present, the ZEN token’s value is approximately 10% of its 2021 peak; however, this bull market has regained some forward momentum. It is possible that this, in conjunction with the ultimate halving, has fostered a sense of stability.
For instance, Grayscale publicly promoted numerous other Trust products prior to Horizen. Shortly prior to the introduction of Trusts based on Lido DAO and Optimism last week, it also introduced an XLM Trust. Furthermore, the organization is currently in the process of developing new exchange-traded funds (ETFs), including the submission of a Solana ETF application two weeks ago. Publicly traded HZEN may be merely another experiment.
Conversely, Grayscale’s exchange-traded funds (ETFs) are encountering obstacles. Despite the asset’s increasing value, it sold $150 million in Bitcoin earlier this month.
At the outset of the year, BlackRock’s Bitcoin ETF was overshadowed, and its subsequent ETF offerings have also been inadequate. Despite the plausibility of this explanation, it is currently challenging to determine Grayscale’s intentions for Horizen.

In response to the heightened regulatory constraints, Bybit will terminate withdrawal and custody services for French customers on January 8, 2025.
In response to the heightened regulatory scrutiny by French financial authorities, Bybit, a global cryptocurrency exchange, has announced that it will suspend withdrawal and custody services for French users effective January 8, 2025, at 8:00 a.m. UTC.
In order to prevent complications with account access or fund transfers, the company recommended that affected users withdraw their funds prior to the deadline.
Bybit intends to transfer unclaimed assets exceeding 10 USD Coin to Coinhouse, a licensed cryptocurrency custodian in France. In order to regain access to their holdings, users will be required to complete a verification procedure with Coinhouse. For accounts with balances below 10 USDC, Bybit will impose a termination fee that is equivalent to 10 USDC and will deduct it from the available assets.
The action is indicative of the increasing regulatory pressures on global crypto exchanges, as legislation in numerous jurisdictions attempts to tighten its control over crypto.
Coinhouse transfers will commence after January 8, 2025, according to Bybit. Withdrawals will be momentarily suspended during this procedure, which is anticipated to last until January 16, 2025.
French users who have a verified Coinhouse account will receive a rebate for their assets shortly after January 16, provided that their account details correspond to their Bybit identity and details.
In order to access their funds, users in the country who do not have a Coinhouse account will be required to register and complete a comprehensive Know Your Customer (KYC) verification procedure.
Bybit clarified that there would be no fees associated with converting assets to USDC or transmitting funds to Coinhouse.
Nevertheless, until successful KYC verification, unverified Coinhouse accounts will be subject to a monthly custody fee of 0.16% of asset value or 1 USDC, whichever is greater.
The announcement stated that the custody fee would be applied on the first day of each month. However, the initial fee will be charged on the day the assets are transmitted to Coinhouse.

Binance stated that BFUSD is not a stablecoin and has not yet been launched, thereby dispelling misconceptions regarding its high annual percentage yield (APY) of 19.55%.
Binance has recently clarified the numerous misconceptions surrounding its new asset, BFUSD. The high annual percentage yield (APY) of 19.55% of BFUSD, which was announced on November 18, 2024, received substantial attention. Subsequently, Binance has clarified that BFUSD is not a stablecoin and has not yet emerged.
This clarification is in response to the initial reactions that incorrectly designated BFUSD as a high-yield stablecoin, despite its encouraging returns and the “USD” label.
Binance emphasized in a post on the social media platform X that BFUSD is a margin asset designed for futures trading that carries a reward, rather than a stablecoin. The organization declared:
“The British pound is not yet available for purchase. It is important to note that this is not a stablecoin; rather, it is a margin asset that provides a reward for futures trading. We are pleased to observe the community’s interest and will provide additional information in the near future, including the methodology used to determine the APY.”
The objective of this statement is to elucidate the nature of BFUSD and eliminate any ambiguity. BFUSD serves as collateral for margin trading, eliminating the necessity for fund pledging or lock-up periods. Users may acquire rewards through daily airdrops, which are contingent upon hourly snapshots of their BFUSD holdings in the UM wallet. The UM Futures Wallet is the subsequent recipient of these rewards.
Binance has yet to provide a comprehensive explanation of how BFUSD will generate its 19.55% APY, despite the high yield, which has left users speculating in the interim. The BFUSD product page’s fine print states, “Enjoy appealing high APY on your BFUSD holdings, surpassing the yields offered by many other stablecoins,” which has contributed to the initial confusion.
The introduction of BFUSD is indicative of a rising trend in the cryptocurrency sector, in which companies are providing high-yield tokens that are pegged to the US dollar but operate under the conventional stablecoin model.
For instance, BlackRock has implemented its BUIDL token. This on-chain money market fund invests in short-term US Treasury notes. In an effort to preserve its value, Ethena has implemented USDe, a synthetic dollar that employs an automated delta-hedging strategy.

Marathon Digital’s expanded offering suggests that it intends to augment its treasury holdings, which is indicative of its adaptability in Bitcoin acquisition strategy.
According to a Nov. 18 statement, Marathon Digital, a Bitcoin mining company that is listed on the Nasdaq, intends to raise its debt offering to $1 billion, with a maturity date of 2030.
Marathon clarified that the zero-interest senior notes would be privately sold to qualified institutional purchasers in accordance with Rule 144A of the Securities Act of 1933. The company’s initial objective was to raise $700 million; however, investor demand necessitated an increase in the offering to $980 million.
MARA anticipates that the net proceeds from the issuance of the notes will be around $833 million (or $980 million if the initial purchasers exercise their option to purchase additional notes in full).
Unless redeemed, converted, or repurchased prior to March 1, 2030, the unsecured senior notes will mature without regular interest. The company’s treasury will receive a portion of the funds to purchase additional Bitcoin.
According to Marathon, the conversion rate for these new notes is 38.5902 shares of MARA stock per $1,000 principal, which translates to an initial conversion price of approximately $25.91 per share. This represents a 42.5% increase in value from the volume-weighted average stock price of $18.18 for MARA.
Salman Khan, Marathon’s Chief Financial Officer, observed that this is the highest premium for a zero-coupon offering since 2021.
In the interim, market analysts hypothesized that Marathon’s decision is indicative of its capacity to directly mine or acquire Bitcoin, contingent upon cost efficiency.
Marathon anticipates a net profit of approximately $833 million from the offering, which could rise to $980 million if purchasers exercise their options for additional notes in full. The remaining proceeds will be used to finance Bitcoin acquisitions, corporate expansion, strategic investments, and debt repayment, in addition to repurchasing the 2026 convertible notes.
Marathon currently possesses 27,562 BTC, which is equal to approximately $2.5 billion, as per Bitcoin Treasuries data. This places it as the second-largest public corporation in terms of Bitcoin holdings, trailing only Michael Saylor’s MicroStrategy, which has over 331,000 BTC and a value of over $30 billion.

In a mere 211 days, BlackRock’s Bitcoin ETF, IBIT, achieved $40 billion in assets under management (AUM), establishing a new record for the rapid growth of an ETF.
BlackRock’s Bitcoin ETF, IBIT, has current total assets valued at $42.56 billion. It completed this mission in one-sixth the duration of any other ETF, a remarkable achievement in terms of growth speed.
In the past 24 hours, BlackRock has acquired BTC at an accelerated rate, with a total of just under 9,000 units.
Eric Balchunas, a Bloomberg analyst, has recently reported that the total assets of BlackRock’s Bitcoin ETF have surpassed $40 billion. This places it in the top 1% of ETFs by AUM, but more crucially, it surpasses other ETFs in terms of rapidity. The second-fastest ETF to reach $40 billion did so in 1,253 days, which is just slightly faster than the third-fastest. In 211, IBIT completed the task, which is one-sixth the duration.
IBIT has consistently been at the forefront of the Bitcoin ETF market since Bitcoin entered its post-election bull market. IBIT was able to surpass its all-time high last Friday and advance once more at the market open on Monday morning. Donald Trump’s election has resulted in the complete market dominance of BlackRock’s ETF, which previously held a comforting lead.
In the interim, IBIT received $230.8 million in remittances on Wednesday. So far this week, it has recorded inflows exceeding $1.7 billion.
One straightforward illustration of BlackRock’s overwhelming success is the procurement of unprocessed Bitcoin. The industry has been devouring with rapacious enthusiasm, as the issuers are limited to the number of ETFs they can create in relation to the underlying assets they actually control. Nevertheless, BlackRock is the undisputed leader, as ETF analyst Shaun Edmondson observed.
Specifically, Edmondson has been maintaining a daily record of the Bitcoin consumption of the ETF issuers, as they are collectively 95% of the way to matching Satoshi’s holdings. BlackRock alone accounted for 8,985 of the 9,300 BTC that they collectively acquired since yesterday.
There is virtually no indication that these rapid gains will slow down. The value of Bitcoin has surpassed $90,000 today and is currently over $93,000 at the time of writing. ETFs such as IBIT are directly associated with this meteoric increase and are generating interest on their own.

Elon Musk argues everything the government spends comes from taxes from your salary or inflation that raises prices.
Elon Musk recently revealed that all government expenditure is taxed. Taxpayers pay for income taxes and inflation.
This was in reaction to Dogecoin founder Billy Markus’ warning about the government overspending by $2 trillion yearly for eight years.
Elon acknowledged the true cost of Washington’s spending frenzy. The guy now speaks more than words. Elon and biotech investor Vivek Ramaswamy will lead the new Department of Government Efficiency (D.O.G.E) with Donald Trump in the Oval.
Elon’s ambition seems impossible when analyzing the U.S. budget. Start with $880 billion in national debt interest payments. Unless the government defaults, that 13% of the budget is untouchable.
Social Security, another political holy cow, consumes $1.46 trillion—22% of total spending—making cutbacks impossible. Add Medicare, the lifeline for elderly, and required spending consumes most of the federal budget.
The discretionary budget, which Congress may change annually, remains. That accounted for 25% of government spending in 2023 at $1.7 trillion. Over half of discretionary funding went to defense ($874 billion).
Educational, transportation, and Homeland Security projects received the remainder. Elon wants to save $2 trillion, but even cutting all discretionary expenditure wouldn’t do it. Imagine draining a pool with a teaspoon.
However, the eccentric billionaire will try. Last month, Trump predicted waste elimination might save “at least $2 trillion” during a New York rally. If agencies aren’t necessary, he’d eliminate them.
He may be thinking about the many government projects stifled by bureaucracy and incompetence, but economists discredit his calculations.
Trump’s pledges don’t match Elon’s plans. The president campaigned on lowering benefit taxes to make Social Security more generous, which would increase expenditures.
He wants to increase military spending to create a “iron dome missile defense shield,” which won’t save money. While Elon speaks about reduction, Trump’s plans imply otherwise.
This tug-of-war isn’t new for Washington. In 2022, Republicans seized over the House and began cutting expenditures. However, their party opposed even a $130 billion discretionary expenditure cut.
Slashing $2 trillion might split the GOP if tiny cutbacks cause infighting. Economists doubt Elon’s timeline. He has not stated whether he will make these cuts in one year or over time.

The value of El Salvador’s cryptocurrency assets has increased by millions as a result of the most recent market rise. BTC is getting closer to $90,000, which has led to significant increases in El Salvador’s Bitcoin holdings.
El Salvador’s Bitcoin has experienced a substantial increase in value as the crypto markets continue to rise. Bitcoin reached a new high of $89,700 on November 12, according to statistics. This brought the cryptocurrency’s total market value closer to $2 trillion.
The two nations’ Bitcoin holdings saw large gains as a result of the big price rise. In only one week, the value of El Salvador’s assets grew by more than one hundred million dollars as a direct result of the recent jump in the price of Bitcoin.
Arkham Intelligence, a company that tracks blockchain data, estimates that El Salvador’s Bitcoin holdings were worth around $402 million on November 5th. Its holdings reached a staggering $523 million on the 12th of November, as the market continued to rise to new highs.
The adoption of Bitcoin as a form of legal money took place in El Salvador on September 7, 2021. During that period of time, the nation made its debut investment in the asset by purchasing around 200 Bitcoins. In the time since then, the nation has progressively grown the amount of land it owns. According to the statistics provided by Arkham Intelligence, El Salvador now has around 5,900 Bitcoin.