Decision to be made tomorrow! Microsoft shareholders will vote on whether to invest in Bitcoin!
Microsoft is considering whether to invest in Bitcoin, a topic that will be voted on at its shareholders meeting tomorrow, December 10. However, according to the documents submitted at the time, Microsoft's board of directors had already stated that it recommended that shareholders vote against it, believing that the proposal was inappropriate. The proposal comes from the conservative think tank National Center for Public Policy Research, which is a member of the advisory board of Project 2025. Microsoft said in the document that the company has evaluated Bitcoin and other cryptocurrencies as investment options, but feels that these investments are risky and do not fit into its current fund management strategy.
Ethereum ready to break new all-time high? Traders say “see you next week”!
Ethereum (ETH)'s recent price performance has attracted widespread attention in the market. According to multiple cryptocurrency experts and analysts, ETH's price may break through its all-time high in the coming week, challenging the highest point of $4,878 set in November 2021.
Signal of structural change: ETH may see a big explosion next week! According to today’s X post by Ryan Adams, host of the Bankless podcast, ETH’s market trend is undergoing a “structural change” that could lead to new all-time highs.
He said that Ethereum "may" usher in a wave of increases in the next seven days, and even break through its historical high in 2021, attracting the attention of countless investors.
Andrew Kang: ARB is underestimated, will the breaking point come in the future?
“ARB
It’s a bit like an undervalued dark horse now.” — This is the straightforward comment made by Andrew Kang, partner of Mechanism Capital, when he posted on X. He pointed out that although ARB (Arbitrum) has had a strong rebound recently, its trading price is still only a fraction of projects such as Sui, Avax and Tron. However, its trading volume and TVL (total value locked) are far ahead. Why does this make people feel that ARB may still have great potential? Kang mentioned that Stylus is the key to the future. This new feature allows developers to use Rust and C++ to build applications, which is a big gift for developers. Moreover, the deployment of games and Animechain, as well as its ongoing interoperability research, may bring more incremental demand for ARB and drive future growth.
Will Amazon Play with Bitcoin? Think Tank Proposes Building a 'BTC Treasury'
Can you imagine the global e-commerce giant Amazon's 'small treasury' filled not with dollars, but with bitcoins? The National Center for Public Policy Research (NCPPR) has proposed a 'novel' idea: Amazon should use bitcoin to hedge against inflation risk. This proposal will be reviewed at the shareholders' meeting in April 2025, and it has already made many investors perk up. Why bitcoin? The think tank's reasoning is quite 'realistic': traditional inflation measurement indicators, such as the Consumer Price Index (CPI), fundamentally underestimate the true situation of currency depreciation. They believe the actual inflation rate could be twice that of the official announcement! This is undoubtedly a huge 'financial threat' to Amazon's $88 billion cash holdings.
Pudgy Penguins Launches Solana Chain Token Pengu, Community Receives Large Proportion Airdrop!
If you are a fan of Pudgy Penguins, you definitely don’t want to miss this wave! This super popular NFT project announces that they will launch their own cryptocurrency - Pengu - within this year, and this token will be officially issued on the Solana network. Highlights of the Pengu Token: Total Supply: 88,888,888,888 tokens Community Airdrop: 25.9%! Fans and community members of Pudgy Penguins will receive a significant portion of the supply! Team and Huddle Members: About 42% will be allocated to team members and new Huddle members. Team members have a certain vesting period, which means their tokens will be gradually unlocked.
Magic Eden announces the ME Token Generation Event (TGE)! Countdown to the Airdrop Bonus
Magic Eden Foundation officially announced that the ME Token Generation Event (TGE) will be held at 22:00 Beijing time on December 10. For all Magic Eden users, this TGE will be an opportunity not to be missed, especially for those friends who are looking forward to participating in the token airdrop. Countdown to airdrop However, users who want to participate in the airdrop should hurry up! According to the official Discord channel, users must complete the wallet address setup (click “save and exit”) before December 8, otherwise they will not be able to receive the ME token airdrop during the TGE on December 10. So, don’t delay any longer and complete the setup now!
According to FOX Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has notified at least two institutions that submitted applications for a Solana (SOL) spot ETF, indicating that their 19b4 filings will be rejected. Insiders reveal that this trend may continue, especially under the current government leadership, as the SEC tends to adopt a conservative stance, avoiding premature approval of more cryptocurrency ETF products.
Trump personally appointed PayPal veteran David Sacks as “AI and Crypto Tsar”!
U.S. President-elect Donald Trump announced a major appointment today: he appointed former PayPal Chief Operating Officer David Sacks as the "White House A.I. & Crypto Czar", responsible for formulating and leading U.S. policies in the fields of artificial intelligence and cryptocurrency. Trump said David Sacks will "create a legal framework that meets the regulatory clarity the cryptocurrency industry has long needed and will enable this industry to flourish in the United States."
Who is David Sacks? Speaking of David Sacks, he is no ordinary person. He is the founding COO of PayPal and one of the core members of the legendary Silicon Valley team "PayPal Mafia". He made great contributions to the success of PayPal, and then he founded the enterprise software platform Yammer, which was finally sold to Microsoft for $1.2 billion, a classic example of "selling well". Now, this big man with more than 20 years of experience in Silicon Valley innovation will work with the White House to guide the US AI and cryptocurrency policies.
Vancouver Mayor Proposes Incorporating Bitcoin into City Reserve System, Building a 'Bitcoin-Friendly City'
Vancouver Mayor Ken Sim recently announced that he will submit an important proposal to the city council on December 11, planning to incorporate Bitcoin into the city's financial reserve system. This proposal aims to protect the city's purchasing power through a diversified investment strategy and to build it into a 'Bitcoin-friendly city.' Vancouver Steps into the Era of Cryptocurrency Vancouver, the cryptocurrency stronghold on Canada's west coast, is betting on its future. Ken Sim mentioned that this move is to help Vancouver maintain financial stability amid global economic uncertainties and to avoid over-reliance on a single asset. By introducing crypto assets like Bitcoin, Vancouver hopes to leverage this cutting-edge technology to enhance the city's financial health.
Giving up staking rewards! Grayscale doubles down on SOL ETF, will you buy in?
Yesterday, Grayscale made a significant move, announcing its entry into the Solana ETF arena. The New York Stock Exchange Arca submitted a 19b-4 form to officially apply to the SEC for the listing and trading of Grayscale Solana Trust shares. This move has left BlackRock, Fidelity, ProShares, and Ark as the only major players on the scene yet to apply for SOL ETF. That said, Grayscale has also followed the old path of the Ethereum ETF—giving up staking rewards. The reason is to avoid SEC concerns and prevent staking rewards from being classified as securities, along with the risk of slashing for staked tokens. Well, the simplest solution is to not stake at all! But does this mean the allure of SOL ETF has been cut in half?
Bitcoin Breaks Through $100,000! Bull Market Underway, How Should Investors Respond to Volatility?
On December 5th, Bitcoin officially broke through $100,000, rising over 5% in a single day, setting a new historical high. Since November 4th, Bitcoin has surged from $68,000 to $100,000 in just one month, an astonishing increase!
Why did Bitcoin strongly break through $100,000? Firstly, the increasing uncertainty in the global economy has led investors to seek safer investment channels. Bitcoin, as a decentralized digital currency, possesses high security and anonymity, making it the preferred choice for more and more investors, thus driving the growth in Bitcoin demand.
Is Solana's 'Golden Age' coming to an end? What mysteries lie behind Ethereum's early layout?
Speaking of it, Solana's rise is indeed impressive. From transaction speed to throughput, Solana is rapidly catching up to Ethereum. However, Ethereum Foundation researcher Justin Drake stated that although Solana is currently performing strongly, its architectural design itself does not possess long-term scalability, and it may face 'bottlenecks' in the future due to technical limitations. He believes that the technological advantage that Solana currently enjoys will sooner or later be left behind. Just like a brief 'golden period', once it passes, Solana will have to face more complex challenges.
Market Crash After Korea's Emergency Order! What Incredible Opportunities Lie Behind the Cryptocurrency Plunge?
On December 3, 2024, at 22:25, South Korean President Yoon Suk-yeol announced a state of emergency, which immediately triggered severe volatility in both domestic and international financial markets. The emergency order not only dealt a heavy blow to traditional financial markets but also caused unprecedented turmoil in the cryptocurrency market. Despite the rapid implementation of a series of countermeasures by subsequent financial regulatory agencies, the market turbulence and political uncertainty still had a significant impact on investor sentiment. Financial Market On the first trading day after the emergency order, the KOSPI index in Korea dropped by 2%. After the government quickly implemented measures to stabilize the market, the stock market's decline narrowed, ultimately closing down about 2.04%.
The altcoin craze is about to arrive, and this time Bitcoin is no longer the main character!
According to the latest analysis by CryptoQuant CEO Ki Young Ju, the traditional "altcoin season" is no longer driven by the rotation of Bitcoin funds but is determined by the surge in stablecoin liquidity and trading volume. This suggests that we may be entering a whole new cycle in the crypto market. Why have stablecoins become so important?
"This altcoin season will be driven by stablecoins!" Ki Young Ju posted on social platform X.
"Altseason is no longer defined by the rotation of Bitcoin assets." At the same time, the chart in the lower right shows a surge in total trading volume of altcoin pairs with stablecoins, rising in sync with the price increase of ETH.
The new savior of the crypto industry? Trump nominated SEC chairman, RSR doubled in 24 hours! What do you think?
According to Unchained, Trump nominated Paul Atkins as the new chairman of the Securities and Exchange Commission (SEC). If confirmed, this appointment will be an important step for Trump to fulfill his campaign promise and may bring a more friendly regulatory environment to the cryptocurrency industry. As soon as the news came out, the price of Bitcoin also became active, rising to around $96,000 in a short period of time, and the market reaction was obviously positive. This is undoubtedly good news for crypto investors, especially considering the volatility and uncertainty of Bitcoin prices in the past few months.
Is Dogecoin about to explode? Experts predict a breakthrough of $0.90!
Recently, Bluntz, a popular cryptocurrency strategist, posted a prediction on the social media platform X that got Dogecoin (DOGE) fans excited. He said that DOGE only needs to break through the current resistance zone - about $0.50, to explode and usher in a crazy rise, and may even hit a record high!
DOGE to break through $0.50? Huge room for growth! Bluntz said that when DOGE finally breaks out of this three-week sideways range, the rise will be very fierce, just like the last surge!
He predicts that the price of DOGE could soar to over $0.90, far beyond the current $0.412. In other words, if you don’t get on board now, you might miss out.
The Bitcoin Spot ETF Explodes! Single-Day Net Inflow of $354 Million, Did You Miss It?
According to SoSoValue data, yesterday (Eastern Time, December 2), the Bitcoin spot ETF saw a massive inflow of funds, with a total net inflow of up to $354 million! The net asset ratio of the Bitcoin ETF also reached 5.49%, which means that more and more funds are starting to flow into Bitcoin, and bullish sentiment in the market is becoming increasingly strong. Severe outflow from Grayscale GBTC Despite the strong overall inflow of funds, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $28.11 million, with a historical total net outflow reaching $20.549 billion. BlackRock takes the lead The performance of BlackRock's Bitcoin ETF (IBIT) is quite eye-catching, with a single-day net inflow of up to $338 million yesterday, and a historical total net inflow reaching an astonishing $32.076 billion.
$1.5 billion re-entering Bitcoin, MicroStrategy leads the surge, are you ready to follow?
MicroStrategy, the publicly listed company with the largest Bitcoin holdings, has once again set a record! According to the latest filings with the U.S. Securities and Exchange Commission (SEC), MicroStrategy once again made a big move last week, purchasing 15,400 Bitcoins at an average price of $95,976, with a total expenditure reaching $1.5 billion. This has pushed the company's Bitcoin holdings to over 400,000 coins, accounting for approximately 1.9% of the total Bitcoin supply, with a total value exceeding $38 billion at current market prices! The major moves behind MicroStrategy's increased Bitcoin holdings. MicroStrategy's recent actions are not random; the funds primarily come from the sale of 3,728,507 shares of stock by the company. This sale amount exactly matches the $1.5 billion spent on buying Bitcoin.
Bitcoin Mining Company MARA Plans to Private Place $700 Million in Notes
Cryptocurrency mining company MARA (Marathon Digital Holdings) recently announced plans to privately place $700 million of 0.00% convertible senior notes to qualified institutional buyers, with the notes maturing in 2031. While the interest rate appears to be zero, there may be significant investment opportunities hidden within! So, what impact will this issuance have on investors? Let's take a look. The purpose behind the private placement of notes MARA stated that it plans to use part of the net proceeds from the notes (expected to be up to $50 million) to repurchase existing convertible notes maturing in 2026 to reduce its debt burden. The remaining proceeds will be used to purchase more Bitcoin and for general corporate purposes.