Asset management company Strive, related to Trump, applies for a 'Bitcoin Bond' ETF.
According to Cointelegraph, based on a document submitted on December 26, the asset management company Strive, founded by Vivek Ramaswamy, has applied to U.S. regulators for a listing of an ETF that will invest in Bitcoin convertible bonds issued by MicroStrategy and other companies. These bonds, referred to as 'Bitcoin Bonds', are convertible securities issued by MicroStrategy or other companies that plan to mainly use the proceeds to purchase Bitcoin. The Strive Bitcoin Bond ETF will be actively managed and will directly or through financial derivatives (such as swaps and options) engage with these 'Bitcoin Bonds'. Although Strive has not explicitly stated the management fees required from investors, actively managed funds typically have higher fees than passive index funds. Vivek Ramaswamy is a vocal supporter of the elected U.S. President Trump and founded Strive Asset Management in 2022. In November of this year, Trump announced that Ramaswamy would lead the Department of Government Efficiency (DOGE) alongside Tesla founder Elon Musk, an initiative aimed at cutting wasteful government spending. Previously in November, Strive announced the establishment of a wealth management division to include Bitcoin in standard investment portfolios.
Bitwise applies to the SEC for a 'Bitcoin Standard Corporations ETF'.
According to Cointelegraph, Bitwise has applied to the U.S. Securities and Exchange Commission (SEC) for the Bitcoin Standard Corporations ETF. The fund aims to invest in the stocks of companies adopting the Bitcoin standard, with at least 1,000 BTC in their corporate funds.
Binance Alpha adds 5 new projects: EVAN, BITCOIN, VISTA, AVAAI, and AITECH.
The Binance Alpha page shows that a new batch of 5 project names has been added, namely EVAN, BITCOIN, VISTA, AVAAI, and AITECH. The overview is as follows. So far, the Binance Alpha project has reached 43.
Siqi Chen sells donated Mira coins to support the Ccancer laboratory, causing a sharp drop in the price of Mira coins.
According to The Block, Siqi Chen, CEO and CFO of the startup financial platform Runway, posted yesterday calling for donations to support the Ccancer laboratory at the University of Colorado. This laboratory is the only institution in North America researching craniopharyngioma in children, and Siqi Chen's young daughter Mira is suffering from this illness. Thanks to the retweets and promotions from several well-known users on X platform, including X platform CEO Linda Yaccarino, as of the time of writing, Siqi Chen's fundraising on GoFundMe has surpassed $230,000.
Unexpectedly, a user from Pump.Fun created a meme coin named Mira, which reached a market cap of up to $80 million at one point. Fortunately, X user Waddles quickly bought and gifted Siqi Chen 50% of the shares after the coin was issued, instantly making his holdings worth millions of dollars. However, when Siqi Chen announced the plan to gradually sell these Mira coins and donate all proceeds to the laboratory, the market cap of the coin began to decline. Siqi Chen disclosed his selling plan on the X platform: 'Starting around 3 AM UTC on December 27, I will sell $1,000 worth of Mira coins every 10 minutes without interruption. If there are any changes to the plan, I will notify 24 hours in advance.'
He admitted that some traders might profit without intending to donate, but overall, he believes this event has brought positive effects. He revealed, 'Our original goal was to raise $200,000, but we ultimately raised at least $1 million for rare disease research. This is undoubtedly a victory for the world.' As of the time of writing, the market cap of Mira coins has dropped to around $19 million. At the same time, a meme coin named 'kitkat' after Mira's dog briefly reached a market cap of $3 million but has now fallen to about $150,000. Siqi Chen stated, 'Every penny we earn from kitkat/meme coins, including LP fees, after taxes, will go directly to rare disease research.'
Jito, a staking pool in the Solana ecosystem, has earned over $100 million in revenue from priority fees and tips in the past two months.
According to Cointelegraph, in a report released by the crypto research institution Kairos Research on December 26: In November and December, the Solana ecosystem's liquid staking protocol Jito earned over $100 million in monthly revenue through priority fees and tips. According to Kairos, in 2024, Jito's validators' tip income grew an average of 32% monthly, with monthly revenue peaking at around $210 million in November. The growing tip income of Jito reflects the increasing popularity of the Solana network. It also indicates that validators are earning more by prioritizing certain transactions (as opposed to others), a practice known as Maximal Extractable Value (MEV). In 2024, Solana's validators earned more from MEV than those on Ethereum for the first time. Simultaneously, according to Dune Analytics, transaction fees on the Solana network rose from about 60,000 Solana tokens per day in January to over 150,000 in October. As of December 26, according to Jito Labs, over 93% of Solana validators use Jito's software to maximize the income derived from block construction.
BlackRock doubles its investment in IBIT through its global allocation fund.
According to Cryptoslate, BlackRock's filing with the SEC shows that as of October 31, its global allocation fund held 430,770 shares of the Bitcoin spot ETF IBIT, with a total value exceeding $17 million. This figure marks a 117% increase from the 198,874 shares reported on July 31, as noted by a user named MacroScope. Furthermore, compared to the 43,000 shares registered in the first quarter, the reported number of IBIT shares is more than ten times higher. The global allocation fund is a diversified investment product from BlackRock covering stocks, bonds, money market securities, and other short-term securities in both U.S. and foreign markets, with the portfolio adjusted regularly. Despite BlackRock doubling down on its Bitcoin products, IBIT shares only account for 0.1% of the global allocation fund's total scale of $16.5 billion.
Eliza will announce the new token economics proposal around January 1.
Members of the Eliza team revealed during a community Q&A session with PANews that the project intends to release two important announcements. First, the project will officially announce the list of all partners to enhance project transparency, helping the community better understand the cooperative relationships and their specific scopes. Secondly, regarding token economics, the team will unveil a new token economics proposal around January 1. This proposal is designed by professionals from multiple teams and will include LP pairing mechanisms, DeFi functionality integration, and more. Additionally, the project revealed that they have acquired a Launchpad company, which will be used for official releases in the future.
Marathon Digital's Bitcoin holdings have increased to 44,394 BTC.
Marathon Digital recently tweeted a year-in-review for 2024, stating it has transformed from a Bitcoin mining company into a leader in the global energy and infrastructure sector. The company achieved significant milestones throughout the year, including a hash rate reaching 50 EH/s, a threefold increase in capacity to 2 GW, the addition of 7 new mines, and an increase in self-mining operations to 65%, while increasing Bitcoin holdings to 44,394 BTC through a $2 billion zero-interest convertible bond. Additionally, the company is implementing a zero-cost energy strategy, acquiring wind farms, utilizing gas from oil field flaring, and recycling heat in Finland to provide heating for 80,000 households. They have also launched a two-phase immersion cooling system, a multi-chain Layer 2 network, and a direct Bitcoin trading submission tool called Slipstream, achieving the industry's highest capital return rate, with the team size expanding from 56 to 152.
KULR spent $21 million to acquire approximately 217 BTC.
According to KULR Technology Group's announcement, the US-listed company KULR has completed the purchase of $21 million worth of Bitcoin, acquiring 217.18 BTC at an average price of $96,556.53 per coin. This purchase is part of its 'Bitcoin Treasury Strategy' aimed at allocating up to 90% of its remaining cash to Bitcoin. KULR has chosen Coinbase Prime for custody, USDC, and self-custody wallet services. This is the first batch of transactions for the company's plan to continue purchasing Bitcoin in the future. KULR Technology Group Inc. (NYSE American: KULR) utilizes its internal battery design expertise, comprehensive battery and battery testing kits, and battery manufacturing capabilities to provide cutting-edge energy storage solutions for space, aerospace, and defense.
Perspective: MicroStrategy's stock issuance plan fails to halt Bitcoin's downward trend.
According to Jin10, although MicroStrategy, which hoards Bitcoin, plans to issue stocks to enable it to buy more Bitcoin, Bitcoin still declined today, dropping about 3% to $95,420. Some traders warn that the market may become volatile in the coming day due to a large number of open positions in Bitcoin and Ethereum derivatives expiring. On Friday, there will be a record $43 billion in open contracts expiring on the Deribit derivatives exchange, including $13.95 billion in Bitcoin options and $3.77 billion in Ethereum options.
Malaysia's MCMC requires communication platforms to complete license applications, with Telegram and WeChat already initiating the process.
According to a statement released by the Malaysian Communications and Multimedia Commission (MCMC), Telegram and WeChat have begun the licensing application process required for operation in Malaysia. MCMC recognized both companies and urged other service providers to complete their applications by December 31, 2024, to comply with the regulations that will take effect on January 1, 2025. The new regulations aim to enhance cybersecurity, protect users, and combat harmful content. Service providers failing to comply will face regulatory issues, and MCMC stated it would assist compliant providers in successfully completing their applications.
16.9 trillion BONK have been successfully destroyed, worth over $50 million.
According to SolanaFloor detection, the Solana ecosystem meme coin BONK has destroyed 16.9 trillion BONK (worth about $52.28 million) after the proposal was approved by Bonk DAO.
Bitcoin ETFs experienced a net outflow of 1,620 BTC today, while Ethereum ETFs saw a net inflow of 1,000 ETH.
According to Lookonchain data, on December 26, Bitcoin ETFs had a net outflow of 1,620 BTC (approximately $155.18 million), with Fidelity withdrawing 852 BTC (approximately $81.6 million), currently holding 202,342 BTC (approximately $19.38 billion). Ethereum ETFs had a net inflow of 1,000 ETH (approximately $335,000), with Fidelity contributing the entire inflow, currently holding 435,000 ETH (approximately $1.45 billion).
