🪙 In 2013, Pantera Capital CEO Dan Morehead wrote a letter that became a symbol of confidence in BTC, despite its volatility. On May 28, 2013, $20 million could buy 156,000 BTC, and on July 5, the same amount allowed you to buy 308,000 BTC due to the fall in the rate. Then Morehead said: “I plan to buy 30,000 #BTC at the current price of $65 per coin this weekend.” Pantera Capital subsequently earned more than 1,000 times its profit on early investments in Bitcoin. However, even such successful investors as Morehead did not hold the entire volume of the asset until the peak values. If he had kept all of his BTC, his net worth would have exceeded $27 billion. However, most of the portfolio was sold a few years later, and as of 2023, Morehead's personal net worth is estimated at less than $1 billion. Volatility has proven challenging even for professionals.
What Happened in Crypto in the Last 12 Hours? 🆘 • $BTC - Bitcoin fell to 93k on news of MicroStrategy buying more Bitcoin. • MicroStrategy bought an additional 55,500 BTC (~$5.4B) at an average price of $97,862. • $WLFI - Justin Sun announced a $30M investment in WLFI, making him the largest backer of World Liberty Financial. $WLFI lowered their sales target from $300M to $30M, so it looks like they've hit their target. • $WIF $BONK - Robinhood listed $WIF . According to #cited , $WIF and $BONK were listed in an on-chain transaction 6 days ago. • $GMX - A proposal to increase the buyback and distribution coverage from 27% to 90% has been submitted to GMX Governance. This could increase the monthly buyback value from $3.3 million to $8.5 million • $XRP - WisdomTree has filed to establish a $XRP ETF in Delaware. • $AVAX - Avalanche has launched the Avalanche9000 testnet and announced a $40 million grant program. • $MOVE - The Movement Foundation has published the $MOVE tokenomics. The total supply of $MOVE is 10 billion, with an initial circulating supply of about 22%. TGE is coming soon and will be distributed as an ERC-20 pre-mainnet token. • Binance Labs has announced an investment in #kernel_dao . Kernel is a re-hosting project for BNB Chain that is currently in the testnet phase. • $MOCA - Mocaverse announces the signing of a memorandum of understanding with SK Planet to develop marketing cooperation based on its marketing platform.
➖$SAND ND: Metaverse-related investments are on the rise; focus is shifting towards GameFi projects; ➖$XLM M: Growing interest from Korean investors. The asset is associated with price spikes and market analysis on social media; ➖$ETH ETH: Users are expressing optimism about Ethereum’s potential, especially given favorable market conditions
What Happened in Crypto Over the Last 12 Hours? ✔️ Metaverse and Gaming – Sector rotation in the cryptocurrency market continues, with tokens in the Metaverse and gaming sectors showing general strength. #SAND #MANA #AXS #ILV #PYR #MAGIC #XAI ✔️ Cantor Fitzgerald has signed a deal to acquire 5% of Tether’s shares. Cantor CEO Howard Lutnick, nominated by Trump to head the U.S. Department of Commerce, is also in talks with Tether about a $2 billion Bitcoin lending project. ✔️ $ETH – An unknown address transferred 10,000 ETH (~$33 million) to Bybit. ✔️ $FTM – Sonic Labs hinted that Sonic will debut on Channel X soon, with its release expected in December. ✔️ $BICO $PUFFER – Bithumb announced the listing of $BICO and $PUFFER on the KRW market, set to go live on November 25 at 6 a.m. GMT. ✔️ $STRK – Starknet announced the launch of the first phase of $STRK staking, with the user interface and delegation dApps ready by November 26. ✔️ $MOVE – Movement is nearing the closure of the Parthenon testnet and preparing for the launch of its mainnet. ✔️ $BABYDOGE – Baby Doge announced its entry into the RWA sector with BabyDoge Properties and introduced a bridge between EVM chains and Solana.
📈 The #Solana ecosystem had a good week, with growth assets such as $WIF (+8.9%) and $JUP (+7.9%) continuing to rise on Saturday. As for $SOL itself, it almost exceeded $200 for the first time since 2021.
👁Worldcoin запустили свою услугу Orb-verification в Сингапуре
🎮Новая игра от команды разработчиков STEPN Gas Hero выйдет 3 января
🚀Hooked Protocol зpапустили первый проект Hooked Education Launchpad
✅ShimmerEVM (от IOTA) добавляет технологию межсетевого обмена сообщениями LayerZero
🥳Microstrategy, в период с 30 ноября по 26 декабря приобрели ~14 620 BTC на ~615,7 млн $
🇨🇳Китайская венчурная компания GBA Capital объявила о выделении 10 млрд $ на создание фонда Web3
🏞Bitcoin Cats планируют продать Genesis NFT на платформе BakerySwap в начале января ограниченным тиражом в 9000 штук
🇭🇰Казначейское бюро и валютное управление Гонконга (HKMA) выпустили документ с целью сбора мнений по предложениям по надзору за эмитентами стейблкоинов
❕Allins, мультичейн AMM, предназначенный для торговли Inscriptions, готовится представить решение Ramp Alchemy Pay в ближайшем будущем
🇰🇷Представители главного финрегулятора Южной Кореи (FSC) запланировали провести встречу с главой Комиссии по ценным бумагам и биржам США (SEC) Гэри Генслером
🚀Генеральный директор Grayscale: запуск спотовых BTC ETF даст биткойну доступ к рынку стоимостью 30 триллионов долларов
💸Ledger возместит пользователям украденные в результате взлома $600 тыс.
🇨🇳Китай обещает ускорить разработку NFT и децентрализованных приложений, несмотря на запрет на торговлю криптовалютой
📈Акции Coinbase в 2023 году подорожали более чем на 400%
📊Токен Solana обошел XRP от Ripple по рыночной капитализации
👨💻Стейблкоин Iron Bank Euro (ibEUR) потерял привязку
👨💻Google trends indicate a decrease in retail investor interest in Bitcoin
📉coinmarketcap: Bitcoin price fell below support level due to outflow of speculators
🥷Kazakhstan and the UAE will begin to jointly suppress the criminal use of cryptocurrencies
💸For the first time in 11 weeks, there was an outflow of capital from crypto funds
🤦♂️FTX exchange plans to exit bankruptcy proceedings
🏦The amount of loans issued on blockchains reached $582 million
📊The number of transactions in the Bitcoin LN network is decreasing, despite the increase in commissions
🇺🇸According to a Bloomberg Intelligence analyst, the US Securities and Exchange Commission (SEC) has proven through its actions that ether is not a security.
📈Injective (INJ) hits all-time high again after rising 2,700% in 2023
🇿🇦Free and instant Lightning Network BTC transactions arrived in South Africa
🇺🇸По мнению аналитика Bloomberg Intelligence, Комиссия по ценным бумагам и биржам США (SEC) своими действиями доказала, что эфир не является ценной бумагой.
📈Injective (INJ) снова обновил исторический максимум после роста на 2700% в 2023 году
🇿🇦B ЮAP пpишли бecплaтныe и мгнoвeнныe BTC-тpaнзaкции Lightning Network