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BANKRUPTCY FILINGS BASE BITCOIN COINBASE CRYPTO CRYPTO BANKS AND LENDERS DECENTRALIZED INFRASTRUCTURE DERIVATIVES DEXS ETHEREUM GAME DEVELOPERS MINING COMPANIES OPTIMISM PROTOCOLS ROLLUPS SEED &AMP; PRE-SEED TOKENS WALLET MAKERS

The Daily: Hyperliquid set for HYPE token launch, MARA purchases $615 million in bitcoin and more

Decentralized perpetual trading platform and Layer 1 chain Hyperliquid is set to launch its HYPE token on Friday during a genesis event at 2:30 a.m. ET. Bitcoin miner MARA has acquired another 6,474 BTC, valued at around $615 million, boosting its total holdings to 34,794 BTC worth $3.3 billion — the largest of all public miners. Defunct centralized crypto lender Celsius is distributing $127 million in cash or cryptocurrency to creditors in its second bankruptcy payout. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/11/2024 - 15:16 PM

BITCOIN MINING COMPANIES

MARA purchases $615 million worth of bitcoin, boosting total holdings to 34,794 BTC

MARA Holdings has acquired 6,474 bitcoin this month following the closing of its $1 billion offering of convertible notes. MARA’s stock closed up 7.81% at $26.92 on Wednesday.

theblock.co • 28/11/2024 - 05:54 AM

AIRDROP BITCOIN COURT HEARINGS CRYPTO ETHEREUM EUROZONE REGULATION LAWSUITS MEV SANCTIONS TREASURY DEPARTMENT

The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more

The Fifth Circuit Court of Appeals ruled on Tuesday that the Treasury Department’s Office of Foreign Assets Control (OFAC) ”overstepped its authority” by sanctioning crypto mixer Tornado Cash, reversing a lower district court decision. WalletConnect has launched its first airdrop season and eligibility checker, allocating 50 million of the total supply of 1 billion WCT tokens to over 160,000 users, including builders and contributors. A Brazilian lawmaker has introduced a bill to create the Strategic Sovereign Bitcoin Reserve, allocating up to 5% of the nation’s $372 billion financial assets to the cryptocurrency via a phased acquisition strategy. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 27/11/2024 - 18:43 PM

BITCOIN

Brazilian lawmaker proposes national bitcoin reserve to hedge economic risks

A Brazilian lawmaker has proposed a bill seeking to establish a bitcoin reserve for the country. The bill noted that a bitcoin reserve could potentially enhance the country’s economic resilience.

theblock.co • 27/11/2024 - 06:27 AM

BITCOIN

Long-term bitcoin holders sold over 728,000 BTC in the past 30 days: CryptoQuant

Long-term bitcoin holders have sold over 728,000 BTC in the past 30 days, according to data from CryptoQuant. According to the same data set, the sell-off represents a reversal of whales’ buying hundreds of thousands of bitcoin in October.

theblock.co • 26/11/2024 - 22:33 PM

BITCOIN

Pantera founder Dan Morehead says bitcoin could reach $740,000 by April 2028, if current trendline continues

Pantera founder Dan Morehead predicts that bitcoin could rally to $740,000 by 2028 if the current compounded rate of return continues. The Pantera Bitcoin Fund, the first of its kind, has notched a lifetime return of 131,165% since launching in 2013.

theblock.co • 26/11/2024 - 22:01 PM

AIRDROP BASE BINANCE BITCOIN COINBASE CRYPTO DAOS DECENTRALIZED INFRASTRUCTURE ETHEREUM GOVERNANCE VOTES KRAKEN MEMECOINS POLYGON STRATEGIC INVESTMENTS TOKENS WALLET MAKERS

The Daily: Binance unveils reward-bearing asset BFUSD, Movement introduces the MOVE token and more

Binance is set to launch BFUSD on Nov. 27, a reward-bearing margin asset that generates passive rewards by simply holding it or trading futures with it. Movement developers have unveiled plans for its native MOVE token as an ERC-20 on Ethereum, with a total supply of 10 billion tokens. Talus Network has raised $6 million in a strategic funding round led by Polychain Capital at a $150 million valuation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 26/11/2024 - 19:24 PM

BITCOIN MICROSTRATEGY

Visionary or 'financial comedy'? Market participants weigh MicroStrategy's stock premium amid bitcoin buying spree

MicroStrategy, with a market cap of around $85 billion, currently holds 331,200 bitcoin worth about $30 billion. The stock’s 440% year-to-date surge has baffled some financial pundits, while others have cheered its corporate strategy.

theblock.co • 26/11/2024 - 19:12 PM

BITCOIN DEXS GAME GAME DEVELOPERS LAYOFFS MEMECOINS MICROSTRATEGY PLAY2EARN SIDECHAINS SOLANA

The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more

Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday. Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen. Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a record $109.8 billion in November so far, doubling Ethereum’s $55 billion. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 25/11/2024 - 19:15 PM

BITCOIN

MicroStrategy acquires another 55,500 bitcoin for $5.4 billion, taking holdings to 386,700 BTC

MicroStrategy has purchased another 55,500 BTC for approximately $5.4 billion at an average price of $97,862 per bitcoin. The latest acquisitions follow MicroStrategy’s completion of a $3 billion debt offering and sale of 5,597,849 shares for $2.46 billion.

theblock.co • 25/11/2024 - 13:27 PM

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